Joining us right now on the economy, big tech, and much more is economic security project co-chair Chris Hughes, who is also the co-founder of Facebook. His new piece in the American Prospect, Rule by Deal, is a criticism of the Trump administration's industrial and tariff policies. And Chris, welcome.Thank you for joining us today. >> Thanks for having me. Le >> let's start with the piece first.U the way you've laid this out, you you make a lot of pretty deep and important points. Um, you're looking at the ...

Which trade negotiations beyond China, which I know is occupying a lot of your attention lately, are you are you most focused on. >> I I think we are about to uh finish up with Korea. >> Oh, is that going well.>> It's >> there was some question about the investment there. >> Yeah, it it's u as I said the devil's in the details, but we are ironing out the details. I think there'll be again good good thing about IMF and World Bank week brings a lot of people here so we'll be talking about that.President had a ...

The Biden administration also wasn't immune to using national security as a shield to do industrial policy. But what do you make of this outright equity stakes in companies that you deem their resources are necessary to combat China. Look, I agree with the administration's laser focus on trying to have an industrial policy of sorts and we were trying to do the same.And this is not about politics. America needs more industrialization because we cannot have critical materials that we need being controlled 98% ...

Policy & Risk - The International Monetary Fund (IMF) warns governments to be cautious about using industrial policy to support key sectors like energy due to significant economic risks [1]

Yesterday, President Trump said he would ask the Supreme Court for an expedited ruling to overturn an appeals court decision that found most of his tariffs are illegal. Joining us now is Ben Shapiro, co-founder of the Daily Wire. Uh his latest book, Lions and Scavengers, The True Story of America, uh and her critics, uh is out.We could have started rolling the cameras. Uh we we're we're almost ready to do that. Uh aren't we dur during >> I think we should start a YouTube show during the commercial break.No ...

Industrial Policy & Government Intervention - The speaker expresses reservations about government equity stakes in companies, preferring loan-based support similar to the Overseas Private Investment Corporation's approach [3][4] - The speaker contrasts current industrial policy with past practices, noting the oil industry's self-reliance during crises without government bailouts [4] - The speaker criticizes the concept of "too big to fail" banks, arguing it creates unfair competition for regional banks [5] Market & Economic Indicators - Gasoline sales are flat year-over-year, but prices are down 10-12%, suggesting reduced consumer driving [6][7] - Diesel sales are up 35% year-over-year, indicating strong commercial activity, potentially driven by onshoring [7] - The speaker suggests monitoring diesel sales in the third quarter to gauge the sustainability of the current economic activity [9] Retail & Consumer Behavior - The economy is K-shaped, with luxury shopping centers experiencing double-digit sales increases while middle-market retailers like Red Lobster struggle with flat sales and heavy discounting [10][11] - McDonald's price increases are encroaching on casual dining restaurants [11] - Consumers are trading down from higher-priced alcoholic beverages like margaritas to cheaper options like beer [14] - Consumers, especially younger demographics, are increasingly buying smaller quantities of alcohol for immediate consumption rather than larger quantities for later use [15][17]

Vice President Pence, thank you so much for being here. Thank you both for having me on. I want to start with one of these top stories that we're following today, which has to do with the pressure campaign from the White House when it comes to the Federal Reserve.And now you told Bloomberg Television last month that the president ought to be able to express himself when it comes to the Fed. But I want to get your thoughts on these latest allegations against Fed Governor Lisa Cook. What's her level of concer ...

What does this pressure campaign look like when it comes to the US position of global trust across the world economy. I think it's important for us not to look at this as an attack on one individual Fed governor, but an attack on an institution and the independence of the Federal Reserve has been, at its core, central to the confidence that investors around the world have in the U.S. economy. You know, in my old job, one of the things I did was be with investors in the United States, the people around the w ...

From @WSJopinion: Is Intel finally discovering the wages of industrial policy? Trump likes to boss companies around, but Intel has made itself especially vulnerable owing to its dependence on federal largesse https://t.co/y5wtN1qIqx ...

Government Policy & Company Dependence - Intel's reliance on federal funding makes it susceptible to government influence [1] - Industrial policy's potential consequences for Intel are being realized [1] Political Influence - Trump's interventionist approach towards companies is noted [1] - Intel has made itself particularly vulnerable to political pressure [1]