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X @Bloomberg
Bloomberg· 2025-07-03 07:05
Ultra-long bonds are once again threatening to become a pain point for investors, as jitters over fiscal spending put one of the world’s most volatile markets this year back into the spotlight https://t.co/3lzS1iBjLt ...
X @Bloomberg
Bloomberg· 2025-07-02 23:40
Conservative hardliners’ resistance to Donald Trump's massive tax and spending package began to soften late Wednesday as the president and his allies worked to win them over https://t.co/8HMGkyFwzp ...
Rumors of the demise of the American consumer are exaggerated, says Affirm CEO Max Levchin
CNBC Television· 2025-07-02 21:32
Joining us now, Max Levchin, founder and CEO of a firm. Max, it's great to have you back on the program. Welcome.Thank you for having me. Let's start right there. What are you seeing uh in terms of spending behaviors from the consumer.What does it mean for a firm. You know, I've said it before, I feel like I'm a broken record at this point, but every time I'm asked this question, I say, you know, the rumors of uh the demise of the American consumer are greatly exaggerated. We're seeing good demand.We just r ...
House to vote on key procedural measure for Trump's spending bill
CNBC Television· 2025-07-02 18:33
Uh what can you tell us. What have we learned so far. Hey Kelly.Well, things are not looking great at this exact moment. So basically what house uh the House is doing right now is they are doing a vote. This is a three vote series that will ultimately tee up the the the process that will need be needed to then actually pass the Trump mega bill.So it's the vote before the vote. And what we're seeing right now is that there is a delay on the House floor at this point. 16 Republicans have not yet registered to ...
Tariffs are unlikely to cause as much consumer disruption as feared, says PNC's Yung-Yu Ma
CNBC Television· 2025-07-02 15:38
Plenty for markets to digest between the president's mega bill making its way through Congress and then this breaking news of a trade deal with Vietnam. Joining us here at Post9 is PNC Asset Management Chief Investment Strategist Yang Yuma. It's great to see you again.Just on the Vietnam trade deal that was just announced. So it sounds like the head first of all headline is they made a trade deal and 20% tariffs which President Trump says Vietnam will pay coming into our market though that could be a headac ...
Rep. Andy Harris: Adding $750B to an already large deficit and debt 'is probably not a good idea'
CNBC Television· 2025-07-02 11:29
who heavily criticized the Senate's version of Trump's spending bill. >> Meantime, our next guest voted present on President Trump's reconciliation bill during the first round in the House, and he now says he can't vote yes for the Senate's version. House speaker Mike Johnson can only afford to lose a few votes in his chamber, or the measure will fail.Joining us right now is Maryland Congressman Andy Harris. He is the chair of the House Freedom Caucus. Good morning to you.Where are we here. Tell me, how man ...
X @The Economist
The Economist· 2025-07-02 11:20
If there is a glimmer of hope for America’s student-debt problem, it may lie in—of all places—Donald Trump’s free-spending “Big Beautiful Bill” https://t.co/ci8lEP1V1t ...
House lawmakers expected to vote on Senate-passed mega bill as early as today
CNBC Television· 2025-07-02 10:50
And the president's big tax and spending bill now on uh its way back to the House of Representatives this after passing the Senate by the slimmest of margins. Emily Wilkins is in Washington DC this morning. Uh staying up like all day, all night never stops for you.Well, maybe maybe it will stop today, Andrew. I mean, we're going to see here. But if it's going to pass the House today, then Speaker Mike Johnson, he's going to have to change a couple nos to yeses before starting on this vote for the mega bill. ...
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 ...
The debt trap: How the GOP bill would make a big problem for Americans even worse
MSNBC· 2025-07-02 04:30
It is time now for money power politics and this evening we are talking about our financial responsibility as a country. I want to level set here. This has been a problem for the United States for many years.Our debt has exploded over the last two decades under the leadership of both parties. But that makes it even more important to take a hard look at what this Republican bill would do to make an already bad situation even worse. As the New York Times puts it, this is one of the most expensive pieces of le ...