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WH: Reciprocal rates will be going into effect Aug. 1 🗓️
Yahoo Finance· 2025-07-31 21:28
will take effect tomorrow. Does that include the new auto rates for instance on Japan, Korea, the EU. Is this all coming effective tomorrow.So the countries, some of the countries you just mentioned, Japan, South Korea, they have bespoke trade deals that the president would negotiate with countries all around the world to cut um tailormade trade deals depending on those countries. Challenges of the our 18 major trading partners, twothirds of those trading partners have a deal. We've sent out 17 letters to c ...
Trump Says Aug. 1 Tariff Deadline Won't Move
Bloomberg Television· 2025-07-31 19:54
I remember when I was here about 90 days ago, and I told you he's going to walk these back. The the the the tariffs that he announced on Liberation Day would have crushed the American economy. They would've been bad for consumers, ultimately bad for Trump's political standing.Wildly unpopular around the Hill. And that we should expect him to walk it back. And we have seen a steady walk back of those to the point where he started getting embarrassed.Right. The so-called taco trade ever. You know, Trump's alw ...
Trade Tracker: Bill Baruch buys Cheniere Energy
CNBC Television· 2025-07-31 17:21
Trade Deals & Investments - The US is aligning trade deals with the EU with investments in the US, particularly in the energy sector [2] - EU's commitment to energy creates opportunities for US LNG exports [2] LNG Market Dynamics - Sanctions on Russia are expected to increase the EU's need for LNG imports from the US [3] - LNG terminals require years to implement, highlighting the long-term nature of LNG infrastructure [3] Company Positioning - Cheniere Energy (Sheener/Shaneer) is well-positioned to benefit from increased LNG demand in the EU [2][3] - Cheniere Energy shares are up approximately 15% [3]
Fed Keeps Rates on Hold; Canada to Recognize Palestine | Horizons Middle East & Africa 07/31/2025
Bloomberg Television· 2025-07-31 08:43
>> GOOD MORNING, THIS IS HORIZONS MIDDLE EAST & AFRICA. BUSINESS AS USUAL. THE FED KEEPS RATES UNCHANGED, CITING INFLATION RISK, BUT TWO GOVERNORS VOTE AGAINST THE DECISION IN FAVOR OF MAKING A CUP, THE FIRST GLOBAL DISSENT IN OVER THREE DECADES.PRESIDENT TRUMP HIT SOUTH KOREA WITH 15% TARIFFS. INDIA WILL FACE A 5% RATE PLUS A BIT HIGHER OVER RUSSIAN ENERGY PURPOSES. CANADA HAS BECOME THE LATEST G7 NATION PLANNING ON RECOGNIZING A PALESTINIAN STATE IN SEPTEMBER, A MOVE QUICKLY REJECTED BY ISRAEL.I AM JOUMAN ...
Trump targets India with tariffs as trade deadline nears
MSNBC· 2025-07-30 16:50
Andrew, we will not surprise you to learn that President Trump has taken a truth social after the GDP news and says this is another example of why he thinks quote too late Powell needs to cut rates. Uh but that's not the only thing he's posting about this morning. He's announced some tariffs on India.Uh and reaffirming that the August 1st deadline stands for the other countries to get these trade deals done. We know that deadlines in the past for Trump have have slid. um he's claiming this time it won't wel ...
Watch CNBC's full interview with National Economic Council Director Kevin Hassett
CNBC Television· 2025-07-30 14:34
GDP Growth & Economic Strength - US economy grew stronger than expected in Q2, driven by trade balance and consumer strength [1] - Strong GDP growth and income growth were observed [2] - The GDP release showed overall economic strength [4] - Real income grew by 3% [7] Tariffs & Trade - $127 billion in tariffs were collected [3] - Imported goods prices have dropped, suggesting foreign producers are bearing tariff costs [6] - Revenue from tariffs is important for deficit reduction [19] - Approximately 40% of imports have a 10-15% tariff [21] - The EU and Japan have agreed to spend $1 trillion in America with capital formation [21] Government Spending & Employment - Government spending saw a 5% drop [3] - There are 70,000 fewer federal employees [3] Housing & Construction - Construction spending was a point of weakness in the numbers [10] - Construction projects were held up due to anticipation of the "big beautiful bill" [11] Monetary Policy - Core PCE is at 21% [8][14] - The White House respects the Federal Reserve's independence and analysis [14]
US stocks close lower, US trade deals analysis, Timothee Chalamet partners with Lucid
Yahoo Finance· 2025-07-29 21:54
Now, closing bell on Wall Street announced market domination overtime. We're giving you full team coverage of all the moves, get you up to speed on the action from today's trade. RBC Capital Markets, Amy Woo Silverman, as well as Yahoo Finance's Jared Blickery joining us here to break down the move today.Jared, let's start with you, my friend, on that close. All right, after we last talked one hour ago, we saw a little bit worse prices in the Dow. We hit the low of the day about 30 minutes ago.Then off thos ...
Treasury Sec. Scott Bessent: Wouldn't be surprised if EU put on some tariffs against China
CNBC Television· 2025-07-29 18:57
What can you tell us was agreed to in the room, if anything. Any specific agreements on any of those agenda items that you set up in the in the pregame, as you called it. Uh, well, we we continually uh are perfecting their rare rare earth control system.It was a new system that was put in globally on April 4th and it's been a bit clunky. So you know we we keep pushing them to uh work on that and it's the entire global supply chain because uh the restrictions or the controls aren't just on the US it's on eve ...
Jefferies' Sheila Kahyaoglu: Tariff trade deal will build order momentum for Boeing
CNBC Television· 2025-07-29 14:58
Financial Performance - Boeing's free cash flow burn was only $200 million, significantly lower than the street's anticipation of approximately $2 billion [2] - Year-to-date free cash flow burn is 22% [2] - 737 production rate reached 38 per month, representing 50% of Boeing's estimated free cash flow [3][9] - Defense sector is showing a turnaround, with no losses reported for the second consecutive quarter [13] Order Momentum & Backlog - Boeing's backlog is currently at 7 years of production [6] - Year-to-date, Boeing has approximately 650 official orders [6] - Preliminary orders from trade deals amount to around 450, including deals with Qatar, Indonesia, Japan, and the EU [6] Production Rate & Targets - The company aims to increase the 737 production rate by 5 per month, targeting 42 per month initially, followed by a potential increase to 47 [10] - The aspirational target for monthly production rate is 52 to 55 [10] Trade & Tariffs - Trade deals are expected to build order momentum and support pricing, which will positively impact free cash flow [7] - Trade deals are considered a significant factor for Boeing, potentially adding substantial business [5]
X @Bloomberg
Bloomberg· 2025-07-29 14:10
US stocks are heading for another record high with trade deals boosting investors’ optimism ahead of the Federal Reserve’s meeting. https://t.co/NmdE1loJQF ...