[Music] [Music] The Trump administration may roll out what it calls substantial support for American farmers who have suffered losses due to trade policy. Now, let's hear directly from the farm. Blake Hurst joins us.He is former president of the Missouri Farm Bureau and a farmer. Blake, welcome to the show. Um, I want to start off kind of bigger picture, Blake, because I'm curious to hear how the American farm economy is doing right now, Blake.You know, broadly, how is it is it holding up. What is your sens ...

And welcome back to Squawkbox. Our exclusive Q3 CFO survey is back with insights from the biggest corporate financial decision makers. Managing risk always top of mind.26% said US trade policy that's the biggest risk to their business. Also the top answer. You can see here consumer demand a close second at 22%.We also asked their views on a possible recession. Wide range of answers here. More than 7%.They see a recession still being a possibility this year. Roughly half see the potential for a major economi ...

If you were around during the 1980s, I dare you to listen to Talking Heads’ “Life During Wartime,” released in 1979, and not get a little pep in your step. The chorus of that song, part of which is the title of this article, was running through my head as I listened to Federal Reserve Chair (for now) Jerome Powell answer questions from reporters. It was not “just another” meeting after a Fed interest rate decision. Because the Federal Open Market Committee (FOMC) decided to cut rates for the first time si ...

Tariff Strategy & Trade Policy - The administration's entire tariff strategy is questioned if the Supreme Court doesn't rule in its favor [1] - The president possesses various other authorities, including 232s, 301s, and 338s, to implement trade policies [5][6] - Existing trade deals with Japan and Europe, covering autos, pharmaceuticals, and semiconductors, are expected to remain durable [5][6] - Europe is reportedly paying the US 15% while US exporters pay zero, indicating an asymmetric trade relationship [7] - Japan has allocated $550 billion for projects aligned with the president's objectives, such as bringing semiconductor manufacturing back to the US [8] Economic Growth & Investment - Over $500 billion a year is reportedly coming in, potentially due to the president's policies [6] - CEOs have reportedly committed an additional $600 billion in investment in America [19] - The economy is projected to experience significant growth in the coming months, driven by investments in plants and factories [16][17] - The current GDP growth is at 3%, with expectations for continued growth throughout the year [17] Data Credibility & Agency Alignment - There are concerns about the credibility of jobs numbers following changes in leadership at the BLS [10] - The administration aims to remove individuals perceived as being against the president to ensure accurate data reporting [15] - The goal is to have agencies aligned with the president's agenda to provide correct numbers and support America's success [12][13]

All right, President Trump signing an executive order Thursday that will allow tariffs on auto and other imports from Japan to be coming in at much lower rates, 15% versus the 25 to 27 1.5%. Uh joining us right now to talk about this is Commerce Secretary Howard Lutnik and SE Secretary Lutnik, thank you for being with us today. Let's walk through how this kind of played out and what the specific details are in this agreement. All right. So the Japanese in order to buy down their tariff rate, so they had a 2 ...

Trade Policy & Legal Challenges - The Supreme Court is considering the legality of Trump's AIPA tariffs, which account for a significant portion of the $180 billion+ collected by the government this fiscal year [3] - A ruling against the tariffs could force the Trump administration to offer refunds, potentially causing chaos [3][4] - Experts note that a rapid decision from the Supreme Court is rare, usually requiring a hard deadline [6] - The Supreme Court may side with lower courts, finding that the president lacks the authority to impose these tariffs under the 1977 International Economic Power Emergency Act [9][10] - A base case scenario suggests a 50-65% probability that the Supreme Court will rule against the president's authority [12] Potential Economic Impact - Sectors like furniture, lumber, timber, aircraft, trucking, pharma, and semis could be aggressively hit if the AIPA authority is overruled [13][14] - Domestic importers, like those selling learning materials and companies like John Deere and Caterpillar, want refunds with interest if the tariffs are deemed illegal [17] - Refunds could amount to roughly $150 billion to $300 billion, creating a complicated process for the Treasury [18] - If the Supreme Court rejects the tariffs, Trump could still implement tariffs on specific sectors or pursue Section 301 investigations, similar to those already in place on $350 billion worth of goods from China [19][20] - Congress could grant the president the authority to tariff every single import, potentially costing the average family $2,700 per year [21] Tech Industry & White House - President Trump is hosting top business, political, and tech leaders, including Mark Zuckerberg, Bill Gates, and Tim Cook, at the White House [23][25] - The event is being called the "Rose Garden Club" and is seen as a way for Trump to showcase the remodeled Rose Garden patio [26][27]

'All risk, no reward': China spectacle shows dangers of Trump trade policy https://t.co/8eE2Qr66fL ...

overseas where Russian President Vladimir Putin met with Chinese leader Xihinping as well as Indian Prime Minister Narendra Modi at a summit in China yesterday. As the New York Times reports, it was a scene almost certainly intended for an audience on the other side of the world. The leaders of China, Russia, and India, the three largest powers not aligned with the West, smiling and laughing like good friends as they greeted each other.Analysts told the paper the friendliness between Mr. . Shei and Mr. . Pu ...

In downtown Los Angeles, high-profile ICE raids accompanying protests and the deployment of the National Guard in June set off a ripple effect on local business. The Independent Hospitality Coalition, which represents some 900 local businesses and workers in Los Angeles, said the raid struck fear into the immigrant workforce. >> We're having workers that are literally uh, you know, self-deporting themselves. You know, they're afraid. Accommodation and food services has one of the highest concentrations of i ...

Investment & Economic Outlook - US orders for business equipment increased in July more than projected [1] - Companies are moving forward on investment plans [1] - Trade and tax policy uncertainty gradually diminishes [1]