Geopolitical fragmentation is a poor instrument of economic policy (via @opinion) https://t.co/rNJJ13fOzb ...

Former Treasury Secretary Larry Summers is slamming President Trump's so-called one big beautiful bill. In an opinion piece for the New York Times earlier this month, Summers wrote, quote, I don't remember on any past Fourth of July being so ashamed of an action that my country had just taken. And Secretary Summers joins us now.He also served, of course, as the director of the National Economic Council for President Obama. The Secretary, thank you for being with us this morning. Uh let's just dive right in. ...

John, first of all to you, sir, there was that downgrade to guidance back in May. I understand you've got an update for us this morning. How have sales been trending ever since.Yeah, I mean, it's definitely a lot of uncertainty out there right now. A lot of people waiting for the dust to settle. I think people are just looking for certainty, whether it's tariffs or any other economic policy.Our customers are kind of in wait and see mode because they're end customers who generate freight moves. And ultimatel ...

Xi Jinping wants to preserve manufacturing’s share of China’s output whether or not anyone wants to buy all those products. The problem is made worse by local governments scrambling to fulfil his wishes https://t.co/50eIzmhkiK ...

Atlanta Fed President Raphael Bostic called for patience amid uncertainty over economic policy and said a wait-and-see approach can help to ensure officials don’t have to reverse course on rates https://t.co/x9V0tKQCRO ...

Should we be putting this on recording? Well, let's start. This is the fifth in our series, the Wolf Krugman Exchange. I'm Martin Wolf, chief economics commentator of the Financial Times. And I'm Paul Krugman, professor at the City University of New York and author of an independent Substack newsletter. And today's episode is being recorded on Monday, June 30th, uh, at 9 in the morning in Massachusetts, where I am now, and 2 p.m. in London. Um, tell us where you've been recently, Paul. Yeah. Um, um, occasio ...

The world’s third-largest economy is jettisoning its hard-earned reputation as Europe’s champion of flinty austerity. It is a bold move. Will it pay off? https://t.co/LtjNEo73ox ...

Core Viewpoint - Recent fluctuations in black metal prices are influenced by multiple factors including macroeconomic conditions, supply and demand dynamics, and industry chain interactions, with expectations of continued volatility in the short term [1] Macroeconomic Factors - Domestic growth stabilization is gaining traction, with a marginal recovery in the manufacturing PMI in June, leading to increased expectations for infrastructure investment and manufacturing equipment updates in the second half of the year [1] - In the U.S., May CPI data fell below expectations, raising interest rate cut expectations and causing a decline in the dollar index; however, significant policy divergence within the Federal Reserve and ongoing tariff concerns keep investors cautious [1] - Despite the Fed's liquidity release through potential rate cuts, corporate expansion intentions remain low, limiting actual demand growth [1] Supply Side Analysis - Raw material prices are stable, providing cost support; global iron ore supply is concentrated, with a tightening of high-grade ore at ports and high reliance on imports [1] - Coking coal prices are affected by domestic safety regulations, import country policies, and transportation issues, while coking enterprises are limiting production to maintain prices, reducing supply elasticity [1] Demand Side Analysis - Weakness in the real estate sector has significantly reduced demand for construction steel, although affordable housing projects provide some buffer [1] - Infrastructure project construction supports demand for rebar and other steel products, but is constrained by funding and seasonal factors [1] - Industrial manufacturing shows resilience in high-end steel demand, but global slowdown and trade tensions lead to order fluctuations, limiting substantial demand growth [1] Industry Chain Dynamics - The industry chain is tightly interconnected, with upstream raw material price fluctuations squeezing steel enterprise profits [1] - Midstream steel production is constrained by both cost and demand factors, leading to intensified homogeneous competition [1] - Downstream construction and manufacturing sectors are sensitive to steel prices, with cautious procurement leading to inventory accumulation risks; real estate debt risks are transmitted upstream, exacerbating industry chain instability [1] Conclusion - In summary, black metal prices are likely to remain volatile in the short term due to stable supply but high inventory levels, weak construction demand, limited industrial resilience, and the need for effective macroeconomic policies [1]

James River Group Holdings (JRVR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Frank D'Orazio - Director & CEOSarah Doran - Group CFOMatt Carletti - Managing Director Conference Call Participants Zachary Shytle - Senior Analyst - IR & InvestmentsMark Hughes - AnalystCasey Alexander - Senior Vice President & Research Analyst Operator Good morning, and welcome to the James River Group Quarter one twenty twenty five Earnings Call. I am Frans, and I'll be the operator assisting you today. ...