I want to kick off the conversation with the fact that the Fed has been waiting to see what the impact of tariffs will be on inflation over the summer months before charting a course forward on interest rates. And we got the first reading of that this week with the June CPI. We saw that tick up a tenth of a percentage point to 2.9%.That was up from 2.8% previously. Are you seeing any indication that tariffs are pushing up inflation now. I think you saw it on goods.If you look at the core goods inflation, es ...

Elon Musk's plan from 2018 to launch a Tesla drive-in restaurant with movie screens, a restaurant and Supercharger stations is nearing completion and could soon be open to the public.Here's the latest update, including a potential look at the menu options.What Happened: Musk tweeted in 2018 that he wanted to launch a drive-in restaurant. Years later, after his tweet that some took seriously and others thought was a joke, his dream is coming to reality.“Gonna put an old school drive-in, roller skates & rock ...

Trump wants a new Treasury-Fed accord, putting interest rate policy under White House control.Bitcoin’s already up 167% as rates climbed from 0.25% to 4.5%.If we slash rates again to devalue the debt? There is no ceiling for Bitcoin.[B2YB @JoinHorizon_] https://t.co/DBRHrEbxfB ...

LINE ANNOUNCER: THIS IS "BLOOMBERG BUSINESSWEEK DAILY." WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS BUSINESS AND FINANCE AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. TIM: GOOD AFTERNOON.LIVE ON BLOOMBERG TV, RADIO, YOUTUBE, AND BLOOMBERG ORIGINALS. I AM TIM STENOVEC. THAT IS SONALI BASAK IN FOR CAROL MASSAR.IT IS GOOD TO HAVE YOU HERE. WELCOME. ...

Ideas for how to squeeze the country’s interest bill, ideally without cutting spending or raising taxes, are at a premium. One has recently raised hopes. But taking advantage of it will be very difficult https://t.co/Gua6MS9Lqe ...

or President Trump told reporters this week he plans to write to global leaders outlining a blanket unilateral tariff rate which he said could be 10 to 15%. The president already has sent about two dozen letters to trading partners including the EU, Japan and South Korea laying out tariff rates that will kick in August first. Joe.All right, drum roll please. With us now, author and journalist Dylan Ratigan, Money Party. He's anchored shows on MSNBC and CNBC.He's now the CEO of Euphoria Sneakers and owner of ...

You know what it's like being inside the Fed. You understand the independence of the Fed. But what have you made of this scenario as somebody that's now left the Fed behind and works principally as a private markets investor.Yeah, look, I think the most direct relationship between Fed policy and technology investing and venture capital investing is the path of interest rates. And in particular, what that means is, you know, interest rates have such a huge impact on valuations and returns in the private mark ...

Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to boost a job market that looks to be weakening. https://t.co/5rgJ4rxJ5D ...

.@SteveForbesCEO calls out Fed Chair Jerome Powell for "playing politics" on refusing to cut interest rates, which not only damages the economy but hurts the U.S. dollar. #WhatsAhead https://t.co/g6cQsEs1Df ...

Sports‘Surreal’ Moment As Manhattan Wrestler Wins Gold For Team USAAfter back-to-back state titles, Will Denny defeated wrestlers from around the world at the Pan-American Wrestling Championship in Peru.Will Denny, 18, of Manhattan, recently won gold representing Team USA at the U20 Pan-American Wrestling Championship in Lima, Peru. (Courtesy of Katie Bernard Denny/Photo by Lauren Traut, Patch)MANHATTAN, IL. — Will Denny was likely barely back stateside, when he had already started eyeing his next big goal. ...