Are there going to be marketked market implications given what we already know about the big beautiful bill. There certainly will. I think the biggest one will be removing some uncertainty.So I think it's been pretty consensus that the bill would get through. I think that's why you're seeing a little bit of a muted reaction this morning. Um I think most corners will will be breathe a sigh of relief.And the main thing is we set the playing field for the second half of the year. So we'll know what the legisla ...

Vietnam’s economy likely expanded at a faster clip of 7.67% year-on-year in the second quarter, driven by manufacturing and trade https://t.co/mzcL3s1O57 ...

US stocks were flat, erasing pre-market losses after a report showing an unexpected decline in employment raised concerns of slowing economic growth https://t.co/Cp9RKrsrES ...

Fed chair Jay Powell said yesterday that President Trump's tariffs had lifted inflation forecasts and were keeping rates on hold. Joining us now for more on the Fed and the US economy, David Malpass, former World Bank president and now distinguished fellow of international finance and inaugural fellow of global business and infrastructure at Purdue's Business School. David, great to have you with us. Hi Melissa, good to be on. Um, where do you think rates would be had it not been for the tariffs? Would we b ...

UK Political Landscape - Keir Starmer faced a difficult choice regarding a welfare reform bill, potentially losing a key vote or making a U-turn [1][2] - Labour MPs criticized the bill's restrictions on benefit payments to some disabled people as "Dickensian" [3] - Starmer's U-turn on the welfare reform bill has political and economic costs, potentially negating the reform's savings [3] - The government is billions of pounds in the red, increasing pressure on the Chancellor [4] UK Economic Outlook - The Office for Budget Responsibility (OBR) admitted to being too optimistic in its medium-term growth outlook [5] - Downgraded growth forecasts in the autumn budget could leave Rachel Reeves with even less headroom against fiscal rules [6] - Raising taxes could further hinder UK economic growth, creating a difficult situation for the Chancellor [7] Fiscal Policy Implications - Chancellor Rachel Reeves may need to raise taxes or bend fiscal rules due to the U-turn on welfare reform and revised growth forecasts [4] - Raising taxes could lead to less growth, creating a "doom loop" for the UK economy [7] - The situation leaves significant pressure on trade deals to boost growth, as Starmer has limited options [7]

Economic Growth & Governance - Kenya needs to tackle graft [1] - Graft is draining the nation's finances [1] - Graft is undermining economic growth [1] Source - African Development Bank points out the issue [1]

Dollar Weakness Factors - The US debt-to-GDP ratio is projected to increase from 100% to potentially 125% or higher in the next decade, leading to increased Treasury issuance [2] - Higher borrowing costs, resulting from increased Treasury issuance, could slow down the US economy, making it less attractive for foreign capital and reducing dollar demand [3] - Current dollar weakness is primarily due to reallocation out of US assets by investors, differing from historical instances driven by Fed rate cuts [7] Impact of a Weaker Dollar - A weaker dollar can benefit multinational corporations and the stock market in the near term, but slower growth poses a long-term negative impact [4] - While historically a weaker dollar has correlated with faster earnings per share growth, the current situation is different due to the cause of the dollar's depreciation [6][7] - Excessive currency strengthening can create concerns for entities like the European Central Bank if the Euro strengthens to 120% [10] Global Investment Implications - Emerging markets may benefit from a weaker dollar, as investors potentially reduce capital allocation to the US [9] - Some countries, like Taiwan and Switzerland, are intervening to manage their currency strength, highlighting potential challenges [11] - Continued and rapid dollar weakness could lead to stresses in currency markets and potentially spill over to other asset classes, raising concerns about global instability [12]

Forecasts suggest that the bill would widen America’s budget deficit, slow long-term economic growth and hurt the poor. Our charts show by how much https://t.co/3u9XaOlKEG ...

Tax Policy & Economic Impact - The speaker disagrees with the initial deficit numbers, citing temporary measures in the House bill that appear to raise revenue but could cause a recession [1] - The speaker suggests that achieving 3% growth instead of 18% (likely a typo and should be 1.8%) would add $4 trillion to revenue, making the bill a deficit reducer [1] - The speaker claims the bill represents the biggest tax cut in history and will be incredibly positive for the budget with a little bit of growth [2] Government Spending & Budget - The speaker mentions discretionary spending rescissions planned for the Senate, potentially amounting to $160 billion this year [2] - The speaker suggests that $160 billion in rescissions would have a deficit impact of $1600 billion (10 times $160 billion) [3]

President Trump expecting to see his long-awaited reconciliation bill on his desk by this Friday. Joining us right now is Joe Leavia. He's counselor to Treasury Secretary Scott Bessant.Good morning to you. Morning, Andrew. We are getting closer.We have a what do they call it. A voterama taking place uh today. What do you think has to happen to I mean we've had a couple of different people even on the show this morning who said there's still some other reconciliation issues that really have to take place bef ...