It is time now for money, power, politics. The president is getting ready to host Saudi Arabia's crown prince Muhammad bin Salman. This will be the crown prince's first trip to the United States since the killing of journalist Jamaal Kosigible seven years ago, which US intelligence agencies have said bin Salman likely ordered.The New York Times reports that this visit comes just as the Trump Organization, the family business, is in talks about a real estate deal with the Saudi government. According to the T ...

In response to Trump’s tariffs, one American toymaker is trying to wean itself from Chinese manufacturers. But it’s discovering that it’s easier to move your factory out of China than it is to move China out of your factory https://t.co/f3IVOxAezc ...

Our compulsive purchasing of cheap, foreign-made goods may be coming to an end as tariffs drive prices higher and social trends make overconsumption uncool https://t.co/r4COliPxTM ...

A shopper compares beef prices at a grocery store. Joe Raedle / Getty Images Close Key Takeaways Move over eggs: Soaring beef prices are the latest talking point when it comes to expensive groceries. Tariffs on imported beef, along with import taxes on imported fertilizers and metals used by domestic ranchers, have contributed to higher beef costs, though experts said other factors are also helping push U.S. meat prices higher. Beef Importers And Tariffs The U.S. is the world's largest beef producer, but it ...

President Donald Trump argued his administration was making process on lowering prices as he faces new political headwinds, pushing back on criticism from Democrats who blame his tariffs for high costs https://t.co/HM0YUxbvC1 ...

Core Points - President Trump announced that prices will decrease, addressing concerns about the economy and cost of living during a speech at McDonald's Impact Summit [1] - Inflation has risen to 3% in September, the highest rate this year, while the price of a Big Mac increased from $5.69 to $6.01 over the past year [4] - The average cost of ground beef also rose to $6.32 in September, up from $5.67 a year ago, prompting the administration to ease tariffs on various food imports to alleviate affordability issues [5] Company Insights - Trump emphasized that McDonald's prices are reportedly coming down, as stated by CEO Chris Kempczinski, indicating a positive outlook for the fast-food chain [6] - The president highlighted the role of McDonald's employees in understanding customer needs, suggesting their importance in the community [9] - Trump shared his personal connection to McDonald's, referencing his experience as a fry cook and his favorite menu item, the Filet-O-Fish, which he humorously suggested could use more tartar sauce [10]

Right, let's switch gears now and bring in our first guest of the show. Joining us now is Jim Biano, president Biano Research. It's always lovely to talk to you, Jim.Uh let's get to what we're likely to hear this week as far as this whole K-shaped economy. Uh because when we talk about this, which we do very often, uh it's important to point out exactly what that means. Uh because you've actually argued uh that this is really about inflation and not jobs.Can you unpack that for us. >> Sure. The K-shaped eco ...

The White House also under pressure on the economy and the issue of affordability as costs remain high, especially on grocery items despite President Trump's insistence that prices are coming down. According to NBC News's latest grocery price tracker, the price of orange juice as well as beef, bacon, and chicken are all up at least 5% compared to last year. On Friday, the Trump administration announced it was rolling back tariffs on some food products, including coffee, bananas, and beef.One of the administ ...

I think we're going to have a within a few years, we're going to end up because of the CHIP CHIPS Act. The CHIPS Act was a disaster for this country. We gave away billions of dollars to other countries and other locations and companies, and all they did was rob our money.But because of tariffs, the chips are coming back. Chip makers are all coming back. And I think within a very short period of time, we're going to have maybe even a majority of the chip making in the world will be right in the United States ...

Joining us now, head of King's College, Cambridge, and columnist for the Financial Times, Jillian Tet, and New York Times White House correspondent Tyler Pager. Jillian, I when I talk about a K-shaped economy, I I never imagined that McDonald's would be on the top of the K. Well, absolutely, and there's two important things going on here.Firstly, the top 10% of Americans used to account for only about a third of all consumer spending. Today, they're accounting for about half. And that's because so much of c ...