I want to start on your discussions with the European Union. We were hearing some noise that it doesn't necessarily include reducing steel and aluminum tariffs from 50% to 15%. Is that off the table for now.Know what we're talking about. Everything is on the table When you have such a great partner as the European Union. They have 450 million people and a $20 trillion economy.So the opportunity is great. They would like to have steel and aluminum as part of this package. And we think it is very, very import ...

I want to start on your discussions with the European Union. We were hearing some noise that it doesn't necessarily include reducing steel and aluminum tariffs from 50% to 15%. Is that off the table for now.Know what we're talking about. Everything is on the table When you have such a great partner as the European Union. They have 450 million people and a $20 trillion economy.So the opportunity is great. They would like to have steel and aluminum as part of this package. And we think it is very, very import ...

US Commerce Secretary Howard Lutnick told Bloomberg News that any concessions for the EU on steel and aluminum tariffs are contingent on the bloc rolling back rules on the digital industry. https://t.co/jaoMYDH2yd ...

♦️ Donald Trump plays down tensions with prominent MAGA Republicans.♦️ Zohran Mamdani says he is “establishing a productive relationship” with the president.♦️ The rise in inflation had “nothing to do with tariffs”, treasury secretary insists.Keep up with US politics https://t.co/ba6UUGssU0 ...

Core Viewpoint - Federal Reserve Governor Christopher Waller advocates for a quarter-point rate cut at the upcoming policy meeting, citing a weak labor market and manageable inflation as key factors [1][3][4]. Economic Indicators - The labor market is showing signs of continued weakness, with the latest jobs report indicating only 119,000 jobs added in September, which is expected to be revised down by approximately 50,000 to 60,000 [6][7]. - Inflation is not perceived as a significant concern moving forward, with expectations that it will begin to decline. Current inflation is estimated to be around 2.4% to 2.5% [9][10]. Future Outlook - The approach to monetary policy may become more cautious and data-dependent starting in January, as a significant amount of economic data will be released [5][6]. - Waller does not foresee a turnaround in the labor market in the next 6 to 8 weeks, indicating a continued focus on labor market conditions in future policy decisions [6][8]. Communication and Transparency - Waller emphasizes the importance of transparency and accountability in monetary policy, suggesting that press conferences after every meeting should continue to communicate decisions to the public and financial markets [12][13].

Core Insights - Best Buy Co., Inc. is highlighted as a stock to watch, with expectations of being impacted by higher interest rates and tariffs, but potentially benefiting from a PC refresh cycle [1] Company Overview - Best Buy sells a variety of technology products, electronics, appliances, and entertainment items, along with services such as delivery, installation, and technical support [2] - The company was previously considered a strong dividend stock, yielding 4.5%, but was removed from a list of interesting prospects due to its reliance on strong consumer growth and tariff relief [2] Market Context - The upcoming earnings report for Best Buy is anticipated to be affected by external economic factors, including tariffs and interest rates [1] - There is a comparison made with AI stocks, suggesting that while Best Buy has potential, certain AI stocks may offer greater upside potential and less downside risk [3]

An executive order signed by President Trump uh removing tariffs on Brazilian coffee and beef is expected to ease food costs for Americans. Joining us now, Agriculture Secretary Brooke Rollins came to New York. >> I did.Great to be here. You're all on set. It's nice to have you here.>> Yeah, thank you. >> Affordability. I saw uh Secretary Bess and I kind of liked it.Uh we hope to see him soon too. But he said he was asked about some specific um item being up I don't know 8% or something like that. And I thi ...

US Commerce Secretary Howard Lutnick said the European Union needs to change its digital regulations in order to get a deal to lower steel and aluminum tariffs https://t.co/Lr2evuO01u ...

The European Union said no deal was expected Monday to lower tariffs on steel and other products during talks with senior US trade officials https://t.co/TMlJA1wPal ...

Core Insights - Mark Zandi, Chief Economist at Moody's Analytics, warns that the U.S. economy is in a "serious affordability crisis" due to specific policy choices impacting inflation [1][5] - Consumer price inflation is currently around 3%, significantly above the Federal Reserve's 2% target, attributed to recent interventions rather than an economic cycle [2][4] - Zandi highlights that aggressive tariffs and restrictive immigration policies are contributing to persistent inflation, which was previously on a downward trajectory [3][4] Economic Impact - The current economic baseline shows inflation spiking in 2025 and remaining elevated, contrasting with a scenario without tariffs where inflation would dip toward the Fed's target by 2026 [4] - Zandi predicts "even higher inflation dead-ahead," indicating a grim outlook for American consumers, especially low- and middle-income households [4][5] - The burden of inflation and economic shifts disproportionately affects lower-income households facing high prices for necessities [5] Market Response - Despite the negative economic outlook, futures for the S&P 500, Nasdaq 100, and Dow Jones indices were trading higher, reflecting a positive market sentiment [6] - The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) both closed higher, with SPY up 1.00% and QQQ up 0.75% [7]