JUST IN: 🇺🇸 US Appeals Court finds President Trump's global tariffs illegal. ...

Well, let's stay on the market, bring in unlimited CEO and CIO Bob Elliot, the gold bug I mentioned before, but let's start with the Fed and what's going on there. You think Powell's caving. >> Well, I I think basically when you look at the change in his statement at Jackson Hole versus where he was just a few weeks before in the presser, it seems like there was a pretty material shift in the positioning uh particularly getting to a a focus on the labor market.I don't know how many times in the last presser ...

Trump cabinet officials told a federal appeals court that ruling president’s global tariffs illegal would seriously harm US foreign policy, with Treasury Secretary Scott Bessent warning of “dangerous diplomatic embarrassment.” https://t.co/YbMOqsVNtN ...

So that was Susan Collins. Um, and those were her constituents making their discontent with the Republican senator from Maine heard loud and clear. That was a reception she got while attending a ribbon cutting ceremony from the voters who have elected her to the Senate five times now.To be fair, those same Maine voters have never elected Donald Trump statewide. Maybe she should examine why that would be that they'd be so unhappy. But we'll show you some places that actually have.This is Ohio at Republican C ...

Trade Policy - President Trump threatened "substantial" tariffs on countries imposing digital taxes [1] - The threat came days after Mark Zuckerberg raised concerns about digital taxes during a White House meeting [1]

Trade Policy - Donald Trump threatened "substantial" tariffs on countries imposing digital taxes [1] Technology Industry - Meta CEO Mark Zuckerberg raised concerns about digital taxes during a White House meeting [1]

Days after ordering high-end computer parts, Chris Pawlukiewicz got an unpleasant surprise: a bill for $934 in tariffs he owed to US Customs and Border Protection https://t.co/2UKlvCbvtV ...

Narendra Modi needs a new approach after Donald Trump’s tariffs https://t.co/tPnO68lJy1 ...

Tariffs and Trade Policy - Trump's 50% tariff on India, due to its continued purchase of Russian oil, has taken effect [1][10] - A key tariff exemption for international shipments worth $800 or less is expiring, leading to postal service suspensions from at least 20 countries [1] - The expiration of the "de minimis" exemption will result in taxes on previously cheaper, low-value goods imported from overseas, potentially increasing inflation rates [2] - The average tariff rate is well in excess of 15%, the highest since 1934, which is expected to lead to higher prices for consumers and increased inflation [3] - Small business owners face uncertainty due to shifting trade policies, moving manufacturing locations only to be met with new tariffs [11] Inflation and Economic Impact - Inflation is a major concern for consumers, impacting their financial well-being and potentially influencing political outcomes [4][5] - Cutting interest rates when stocks are at an all-time high and the money supply is up 45%, with nearly $7 trillion in money market mutual funds, is an unusual economic environment [12][13] - The economy is still growing, and the unemployment rate is still down, while inflation is moving higher [13] - Increased inflation is expected to follow policies similar to those of Nixon in 1972, as well as authoritarian leaders like Erdogan in Turkey and actions taken in Argentina [23][24] Federal Reserve and Political Influence - There are concerns that Trump is attempting to influence the Federal Reserve for short-term political gains, potentially leading to a surge in equity prices but ultimately backfiring [6][7][8] - Trump is trying to "gerrymander the Fed" by appointing governors who will support his policies, potentially impacting the reappointment of Federal Reserve presidents in various districts [16] - CEOs should be concerned about Trump's attacks on the Federal Reserve, as they can become complicit in the erosion of core American values by remaining silent [16][17][19]

Market Trends - Tariffs are fueling price hikes for coffee [1] - Futures markets are on track for the biggest monthly gain in over a decade [1] Consumer Impact - Consumers are already paying more for their morning coffee [1]