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Stocks Hover Amid Increased Trade Focus, Tax Bill; Banks Boost Dividends | Bloomberg Brief 7/2/2025
Bloomberg Television· 2025-07-02 11:23
DANI: HERE IS WHAT YOU NEED TO KNOW. THE PRESIDENT TRUMP'S TAX BILL FACES REPUBLICAN RESISTANCE WITH A VOTE SCHEDULED TODAY. NO DELAY THE PRESIDENT SELECT -- STICKS TO HIS JULY 9 TARIFF DEADLINE THREATENING JAPAN WITH LEVEES UP TO 35% AND THE BIGGEST BANKS ON WALL STREET BOOST THEIR DIVIDENDS AFTER PASSING DEFENSE STRESS TESTS.MOMENTUM STARTS TO WANE. ALL-TIME HIGHS AND THEN WE FELL YESTERDAY. A BIG ROTATION INTO VALUE STOCKS THAT CONTINUES INTO THE FUTURE SESSION THIS MORNING.S&P HIGHER BY ABOUT 1/10. RUSS ...
Trump Tax Bill Faces GOP Resistance Ahead of House Vote
Bloomberg Television· 2025-07-02 10:49
The big, beautiful bill hitting some resistance in the House as lawmakers returned to Washington to vote on the Senate's version of the legislation. Joining us now from Washington is Bloomberg's Tyler Kendal. Now, Tyler, Speaker of the House Mike Johnson making this sound quite straightforward.I imagine this is not going to be straightforward through the next 24 hours. Yeah. Hey, Jon.Good morning. This is by no means a done deal, but we are only expecting President Trump to ramp up the pressure from here, w ...
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Bloomberg· 2025-07-02 09:58
Tax Bill Hits Republican Resistance, President Trump's Tariff Threats Continue and Banks Boost Payouts After Lighter Fed Stress Test. Get all the news you need to start your day on the Bloomberg Daybreak podcast https://t.co/h1KWfM4nSG ...
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Bloomberg· 2025-07-01 17:55
Tax Policy Changes - The report breaks down key provisions in the latest version of Trump's tax bill [1] - The tax bill includes changes to the SALT cap, business breaks, and Medicaid cuts [1]
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Bloomberg· 2025-07-01 17:38
The tax bill's passage is a major political victory for Donald Trump, but it also poses risks for him and Republicans facing reelection next year as polling suggests the legislation isn't popular with voters https://t.co/5zMxTfmUN4 ...
Why Elon Musk is upset with Trump's tax bill, Lululemon sues Costco
Yahoo Finance· 2025-07-01 17:36
Market Movers - Market Catalyst anchor Brad Smith analyzes market movers on July 1, 2025 [1] - Elon Musk and President Trump's escalating exchange of threats and insults impacts market sentiment [1] - Senior Columnist Rick Newman examines key issues with Trump's tax bill and the former DOGE head's discontent [1] Legal & Business Disputes - Lululemon is suing Costco for allegedly selling dupes of its signature yoga pants at a significantly lower price [1] Yahoo Finance Overview - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - Yahoo Finance offers resources to help manage financial life [1]
Ray Dalio says debt bomb lurks, Trump and Musk exchange more heated remarks
Yahoo Finance· 2025-07-01 15:23
Market News & Concerns - Billionaire Ray Dalio expresses concerns over President Trump's tax bill, suggesting a potential debt crisis [1] - The market is reacting to tensions between President Trump and Tesla CEO Elon Musk regarding the tax bill [1] Key Figures & Companies - Mentions President Trump and Tesla CEO Elon Musk as key figures influencing market sentiment [1] - Yahoo Finance provides financial news and data [1] Resources & Platforms - Yahoo Finance offers free stock ticker data, news, and portfolio management resources [1] - Yahoo Finance is accessible via website (finance.yahoo.com) and mobile apps on Apple and Android [1] - Yahoo Finance maintains a presence on social media platforms including X, Instagram, TikTok, Facebook, and LinkedIn [1]
Thune Believes Senate Has Votes to Pass Trump Tax Bill
Bloomberg Television· 2025-07-01 15:21
Kailey. As we understand it, they can't afford to lose more than three votes. Right.And they already have two that are definite nos. Two Republicans that are out. So are they going to get their.Well, the majority leader, John Thune, has suggested he does think they can indeed get there. But you're right, Matt, Rand Paul, the senator who refuses to vote for this bill over a debt ceiling hike, is a firm no, as is Senator Tom Tillis of North Carolina, who just announced that he is not seeking re-election. That ...
President Trump threatens new Japan tariffs, Senate pulls all-nighter on tax bill
Yahoo Finance· 2025-07-01 15:09
Welcome to Yahoo Finance's flagship show, the morning brief. I'm Brad Smith. Let's get to the three things that you need to know today.First up, US stock futures pulling back from fresh highs this morning after the S&P 500 saw back-to back records, marking the best quarter for the index since 2023. Investors are closely monitoring the latest developments on the tax bill and trade in Washington with President Trump threatening to proceed with ramping up tariffs on Japan as his top economic adviser says the W ...