it is better than 39%. It takes us to our talk of the tape. Whether it is in fact time to get more bullish on these markets.As Altimeter's Brad Gerstner told us earlier today, you will hear his reasons why in just a moment. Let's now welcome in Ellen Zentner of Morgan Stanley and Schwab's Kevin Gordon, both, as you see here with us at post nine. It's great to have you both.Hi, Scott. Ellen, you say there is a bull case for stocks, but it's plausible. Not probable.Why. >> Yeah of course. Well I think that Ap ...

Inflation & Tariffs Impact - Tariffs are expected to push year-over-year inflation to at least 3% [1] - Tariffs are estimated to reduce the average household income by approximately $1,000 [1] - Substantial price hikes due to tariffs pose a recession risk as consumers may reduce spending [2] Economic Outlook - Reduced risks associated with prohibitive tariffs on China have improved consumer confidence [2][3] - Pause of reciprocal tariffs has diminished some of the biggest risks [2]

Yeah, good morning, Carl. A testy moment here between the Treasury Secretary and the ranking Democrat on the committee, Ron Weiden, over the question of who's paying the cost for the Trump administration's tariffs. Are American consumers paying those costs.Here's how that moment played out. You are cherry-picking because Walmart makes decisions based on their customers. two other very large retailers and this is not an advertisement for them.Amazon and Home Depot have chosen not to pass on tariffs and there ...

Former Treasury Secretary Janet Yellen joins 'Money Movers' to discuss the economy, tariff impact on inflation and her market outlook. ...

Treasury Secretary testifying to Senate Finance this morning for more on what's been happening in the hearing. Let's get to Aiman Javvers in DC. Morning, Aean. Yeah, good morning, Carl.A testing moment here between the Treasury Secretary and the ranking Democrat on the committee, Ron Widen, over the question of who's paying the cost for the Trump administration's tariffs. Are American consumers paying those costs. Here's how that moment played out.you are cherry-picking because Walmart makes decisions based ...

Well, always you don't want to pay too much attention to one number, but part of the big issue here is what the tariffs are going to do to prices and uh and we just don't know how long the lags are going to be. So, think about the situation for a firm that's that's importing goods. Uh they may have a lot of inventories that in fact were not subject to the tariffs and in fact it's only the stuff that's going to come to them uh uh in the future that that's the problem.So, they're not going to necessarily rais ...

former Treasury official and Morning Joe economic analyst Steve Ratner. Steve, there has indeed been plenty of speculation about how Trump's tariffs will impact the country. So tell us, how does the economy look almost 5 months into Trump's second term.Yeah, it's interesting, Jonathan. I think uh all of us predicted that inflation would start to go up as a result of those tariffs, but yesterday there was a report that in fact it has really not yet gone up, or at least not yet gone up. So the commerce depart ...

Trade Agreement Analysis - The agreement between the US and China is viewed as a temporary ceasefire rather than a significant advancement [2] - Tariffs are expected to remain at their previous levels [2] - China will export more rare earth minerals to the US, and the US will remove some export controls [3] - The specifics of which export controls will be removed and the scale of rare earth exports remain unclear [3][4] Leverage and Trade Dynamics - China has leverage due to its control over the export of essential materials like rare earths and industrial magnets [5][6] - Small industrial magnets are crucial for the automobile industry and other high-tech sectors [6] - The extent to which Chinese consumers and exporters are feeling the pressure from elevated tariffs is uncertain [6] - The initial assumption that the US had significant leverage due to China's economic situation appears to be less accurate than anticipated [6][7] US Objectives and Potential Outcomes - The Trump administration initially sought a restructuring of the Chinese economy, including an end to subsidies, overcapacity, and intellectual property theft [9] - Previous agreements resulted in Chinese promises to buy more goods, which were not fully kept [9][10] - Future outcomes are likely to involve small concessions from China and commitments to increase purchases [10] - Major changes in the Chinese economy are not expected [11]

Joining us now is former Kansas City Fed President Esther George. Uh, welcome, Esther. Before we get to uh the the tariff stuff, I want to ask about this shadow Fed chair concept.So, I if President Trump names his choice for the next Fed chief early, what are the chances that blunts the influence of Chair Powell and the current Fed's ability to influence investor expectations. Yeah, well, good afternoon, John. I think um it it may complicate communications.It may take uh create more confusion uh at some lev ...

The actual court ruling says nothing about the merits of Trump’s signature policy, and judges could still strike the tariffs down. (Photo: Getty Images) https://t.co/9e3eSmvdXR https://t.co/SaiYT97g1a ...