Yeah, send everything higher.The Kobeissi Letter (@KobeissiLetter):BREAKING: US Treasury Secretary Bessent says Trump will be imposing April 2nd level tariffs on countries who do not reach trade deals with the US, beginning August 1st.In other words, President Trump has once again extended the tariff pause from July 9th to August 1st. ...

What about other trade deals, Mr. . Secretary. Because we're we're getting close to that July 9th deadline on Wednesday.Are we going to see more of these type of deals between now and then. Uh, we are. Of course, everyone waits till the last minute.They think that they can get the best deal. And as as I've warned when I've done other media, these countries should be careful because that their rate could boomerang back to their April 2nd rate. On that note, Mr.. Secretary EU Commission and Chief Ursula Vando ...

Economic Uncertainty & Business Strategy - The ADP report's divergence from official reports, coupled with a federal hiring freeze and immigration crackdown, creates uncertainty [1] - Private sector CEOs are cautious due to trade deal uncertainties and tariffs, leading to a hold on hiring [1] - Companies are avoiding large layoffs, retaining talent learned from COVID experiences [1] - CEO and consumer confidence fluctuates based on daily news regarding tariffs and trade [1] Impact of Government Policy - The potential failure to pass the bill or extend cuts could lead to a massive tax increase, creating a drag on the economy and potentially causing a recession [1] - The movement of the bill provides some certainty regarding the tax base, cost structure, and business incentives [1] - Resolving tariff issues would provide cost certainty, potentially leading to economic growth as CEOs gain confidence to invest [1][2]

Trade deals are proving elusive for Trump. The standoff with Japan shows why. https://t.co/6kMr3ydZnP ...

The Trump administration has repeatedly promised 90 trade deals in 90 days. It was an ambitious pledge to begin with, but this afternoon with only 10 days left in that timeline, it appears the administration is only one and a half agreements in place. Naturally, the goalpost moving has already begun.Treasury Secretary Scott Besset now suggesting negotiations could be wrapped up by Labor Day. And Kevin Hasset, director of the National Economic Council, maintains more deals will happen whenever lawmakers pass ...

Because the spending bill getting all the attention as the Senate voterama is underway, but the Trump administration is also racing to finalize trade deals as that July 9th deadline looms next week. So joining us now is Brian Gardner. He's Stevil's Washington policy strategist.Brian, it's great to have you back on. First going to start with one big beautiful bill and the fact that we even have a daytime voterama in the Senate. How unusual is that.Uh you know it we only get these every couple of years so it' ...

All right, to you. Thanks, Sam. All right, we've got some news and some fresh comments from uh Treasury Secretary Vessent.Megan Cassella has the uh those uh details for us. Megan, guys, good morning. Bess was just speaking to Bloomberg TV and made a few headlines, made a few news uh bit of news on a couple of different topics.The first is on Fed Chair Powell and he talked about sort of the timeline moving forward for a Fed nomination. He was asked about news he had made on CNBC on Friday that that nominatio ...

All right. What do you make of this slight upticks in PCE. What does that mean potentially for the Fed.The idea that while inflation has certainly moderated over the last couple years, it seems to be kind of sticky above 2%. Yeah, I do think we're going to see a fairly benign print today uh somewhere in the mid teens uh with regards to basis points on the month-on-month gain. As far as what it means for the Fed, Powell had his testimony in front of Congress just this past week and he had to defend the lack ...

on the July deadline that's coming up for the trade deals. Uh is that deadline still hard and fast for the president or is he now considering even coming to trade deals after that deadline and where is he on the going forward. The president has been asked this quite a few times by many of you in the media.I've heard him answer it at press conferences. He just spoke about it on Air Force One. Uh the deadline is not critical.The president can simply uh provide these countries with a deal if they refuse to mak ...

[Music] Now for today's power player segment. Time is running out for senators to reach a deal on President Trump's tax plan. The president wants the big beautiful bill on his desk before July 4th.As the deadline closes in, it's still not clear to markets what the bill's economic impact will be. The White House Council of Economic Adviserss estimates growth from the new tax plan could slash up to $2.3% trillion from the deficit. But the Congressional Budget Office found the mega bill would add $2.4% trillio ...