Trade & Inflation - The author suggests tariffs are not inflationary [1] - The author anticipates economists may not apologize for previous statements [1]

Policy & Regulation - Supreme Court ruling in favor of the president on tariffs could authorize new tax revenue without Congressional approval [1] Potential Impact - The ruling could potentially allow the president to raise new tax revenue independently [1]

Xi Jinping has retaliated against Donald Trump with his own tariffs. China is now courting other parts of the world. What does all this mean in practice? https://t.co/LXt5TJoFo9 ...

Five things to know ahead of the opening bell. The Supreme Court agreeing to hear the White House's appeal of lower the lower court ruling that many of President Trump's tariffs are illegal. It's going to hear oral arguments in the first week of November.In other tariff news, tensions could be easing between the US and India. In a post on Truth Social yesterday, President Trump saying India and the US are continuing negotiations to address the trade barriers between our two nations. Then last night on X, Mo ...

The last word with Lawrence O'Donnell starts right now. Hey Lawrence. Hey Jen.Uh so Donald Trump went out to a restaurant in Washington DC tonight. As if that's a big deal for presidents. Uh President Obama used to do it with some regularity and uh it was completely normal part of the schedule uh when you were working there, wasn't it.Yeah. Also, he went to a fancyish restaurant. Not a crime, but went to one that was very close to the White House.So, it wasn't like he was venturing out into the city of DC t ...

Tariffs and Trade - The administration believes good policies are in place to create high-paying jobs [1] - The US has lost 42,000 manufacturing jobs since the tariffs were announced in April [1] - John Deere reported a 29% decrease in net income in its most recent quarter due to higher tariffs, costing the company $300 million so far, with another $300 million expected by year-end, and laid off 238 employees [2] - Nike anticipates tariffs will cost the company around $1 billion this year, while Black & Decker expects $800 million in costs, and the big three automakers have paid over $2 billion in tariffs [4] - Goldman Sachs estimates that 86% of the tariff revenue collected so far has been paid by American businesses and consumers [7] - The administration is confident it will win at the Supreme Court regarding reciprocal tariffs, but there are other avenues to take if not [12] - The administration may have to refund about half of the tariffs if the court rules against them [13] Economic Indicators and Policy - The National Economic Council Director called the jobs numbers "weak," and Moody's chief economist called it a "jobs recession" [1] - The Treasury Secretary anticipates a substantial acceleration in the economy by the fourth quarter [1] - The administration believes the Federal Reserve is too late in cutting rates [1] - The US bond market has been the best performing bond market in the developed world, attributed to tariff income and fiscal improvement [14] Federal Reserve - The administration is interviewing potential successors for Fed Chair Jerome Pal, whose term ends in May [15] - The administration seeks a Fed chair with an open mind who will factor in different policies [16] - The administration claims the Fed has consistently overestimated GDP when Democrats are in office and underestimated GDP when Republicans are in office [17] Russia and Sanctions - The administration is prepared to increase pressure on Russia and needs European partners to follow suit with sanctions and secondary tariffs on countries that buy Russian oil [21][22]

But Mr. . Secretary, it's not just John Deere. We've heard from a lot of different companies around the country.Nine Nike says that tariffs will cost the company around $1 billion dollar this year. Black & Decker says $800 million. The big three automakers all say they've had to pay more than $2 billion in tariffs.The list goes on and on. Bottom line, do you acknowledge that these tariffs amount to attacks on the American people. Uh well, first of all, let let's back up because what we've seen, for instance ...

Joining me now is Kevin Hasset, director of the National Economic Council. Thank you so much for joining us this afternoon. We really appreciate it. >> Well, it's great to have you. I do want to start off uh with your reaction to the August jobs report. As you know, just 22,000 jobs were created last month and revisions showed the US actually lost jobs in June. That's the first month of job losses since the pandemic. Is this a warning sign about the state of the labor market? Well, right now when we're look ...

I want to bring in Ron Insana, CNBC contributor and publisher of the message of the market on Substack. Peter Baker is New York Times chief White House correspondent and an MSNBC political analyst. Mark McKinnon is a former adviser to President George W.Bush and Senator John McCain as well as creator of the television series The Circus. So Ron, the president says we are the hottest economy in the world. What does this report tell us.Well, I would fly in the face of that analysis and and and I think you know ...

Senator McCormick, an ally of President Trump, urged the White House to consider tariffs and restricting Norway’s access to US markets in response to the Norwegian sovereign wealth fund’s decision to divest from Texas-based Caterpillar https://t.co/3oN1DZMSAa ...