Government Shutdown & Fiscal Policy - The speaker suggests the government shutdown is due to Senator Schumer's declining poll numbers and negotiation tactics influenced by Representative Ocasio-Cortez [5][6] - The administration aims for a clean Continuing Resolution (CR) and criticizes Democrats for demanding a 15 trillion increase in spending, which they believe could lead to inflation [9][10][11] - The speaker highlights the administration's focus on cutting prescription drug prices and claims the largest spending cuts in history have already occurred [16][17] - The speaker mentions the potential for a hit to GDP growth due to the government shutdown [18] Trade & Agriculture - China is using American soybean farmers as leverage in trade negotiations [21][22] - The administration plans to provide substantial support for farmers, especially soybean farmers, and is working with the Farm Credit Bureau [23][26] - The speaker notes a record harvest, potentially leading to storage issues and affecting prices [25] - The speaker anticipates a breakthrough in trade talks with China, potentially involving egg purchases, and criticizes the Biden administration for not enforcing previous agricultural purchase agreements [37] Federal Reserve & International Relations - The Treasury Secretary is interviewing candidates for the next Federal Reserve chairman [27][28] - The US is providing Argentina with a swap line, not direct financial aid, to support a free-market economy and maintain strategic interests in the Western Hemisphere [33][30] - A meeting between President Trump and the Chinese leader is expected in Korea, aiming to set the framework for future trade relations [36]

Joining us this morning is Jeff Moon, founder of China Moon Strategies, former assistant US trade rep for China affairs. Jeff, great to have you back. Thanks for the help today.>> Thank you. >> Uh, generally constructive tone, some agreements to meet at APE and maybe even in China, maybe back here. Is this generally seen as a push for the moment.>> It's generally positive. We are generally on the right track. The key word is framework.In my experience with the Chinese, when they say there's a framework or y ...

Geopolitical Analysis - The report suggests that China has been the primary target of Donald Trump's trade-related actions since he returned to office [1] - The report indicates that these efforts to negatively impact China's trade have not been successful [1]

Trade Policy - The US Supreme Court is requested to uphold President Trump's global tariffs [1] - The case could affect trillions of dollars in trade [1] - The outcome could grant President Trump broad new leverage over the world economy [1]

Joining me now, Mark Short. He's the former chief of staff to Vice President Mike Pence, also a CNBC contributor. It's good to see you.Welcome. It's nice timing to have you. Thanks, Scott.Good to be here. I mean, you you've been pretty critical uh even publicly of of these tariffs. What' you make of the court ruling.Well, I think the court ruling Friday night was a good win for taxpayers. I think that everyone knows that in article 1, section 8 of the constitution that it the our founders clearly designed t ...

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President Trump’s tariff war is accelerating Beijing’s trade and investment push into developing nations known as the Global South, according to research by S&P Global https://t.co/UZV4jeNa9F ...

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Fed Nominee & Policy - The market and Federal Reserve system are likely to welcome all candidates for the Fed position [6] - Diversity of opinions is important at the Fed, and the potential nominees could bring a fresh look at policy [8] - By May of next year, the Fed board is likely to shift, with potentially four Trump appointees becoming the dominant force [13] Economic & Political Strategy - The administration will assess potential nominees based on their performance, statements, and reactions to the economy and data [2] - The nomination process is expected to intensify in the fall and conclude around January [3] - The president may be using the temporary nomination to gain leverage over the nominee [1] - The president's tariff strategy was a tactic to destabilize opponents and negotiate a more beneficial outcome [10][11]

Tariff Policy & Economic Impact - The market has largely priced in the volatility stemming from current tariff policies [2] - Uncertainty surrounding tariff policies persists, hindering clarity for US companies and consumers [3] - Tariffs can be effective when their purpose and cost-benefit analysis are clear [3] - The Trump administration is employing tariffs in novel ways, the economic consequences of which remain uncertain [4][5] - A Yale University study suggests that existing tariffs could cost the average American family an additional $2,500 per year [8] Trade Negotiations & Agreements - The threat of high tariffs has prompted key trading partners like the EU, Japan, and Korea to engage in negotiations [10] - Agreements reached are currently frameworks, lacking specific details and enforcement mechanisms [11][12] - It remains uncertain whether these trade actions will lead to positive global trade outcomes [13] - The administration's dual aim of using tariffs as a negotiating tool and revenue source presents a challenge [14] Geopolitical Considerations - The president is using secondary tariffs, initially on India, to pressure Russia to end the war, but China is the largest consumer of Russian oil [18][19]