Nexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry https://t.co/T0jSPPHMxI ...

Labor Market & Monetary Policy - The labor market is described as "no-hire, no-fire," indicating a frozen state due to economic uncertainty and potential AI impacts [9] - AI could significantly impact employment, with potential for major disruption, but ultimately beneficial [10][11] - Lowering the cost of capital through interest rate cuts could stimulate business borrowing and spending, benefiting the stock market and creating a wealth effect [12] - The Federal Reserve faces the challenge of balancing unemployment and inflation, with concerns about stagflation [13] - AI has the potential to raise productivity, enabling more growth without increased inflation [14] - Cutting interest rates by 200 basis points could lead to inflation [15] Auto Industry & Trade - The auto industry has not benefited significantly from recent policies, as reflected in stock prices [16] - Stop-start policies on electrification and CAFE standards create challenges for long-term capital and product planning in the auto industry [17][18] - Current policies may incentivize the production of larger, less fuel-efficient cars, potentially benefiting from higher profit margins but creating uncertainty due to policy changes [19][20] - Government intervention in the auto industry should focus on externalities like emissions and climate, using tax incentives rather than complex regulations [21][22][23] - The Chinese auto industry's innovation and cost of production pose a significant competitive challenge [25][26] - Even with subsidies, China may be able to produce better, cheaper cars due to exceptional innovation and cost efficiency [28] - China's large domestic market and rapid adoption of EVs position it as a leader in the transition away from internal combustion engines [30]

On this Wall Street Week, David Westin discusses pressures facing the auto industry and the efforts to rebuild New Orleans 20 years after Katrina https://t.co/jtifnI949y ...

Shares of CarMax getting wrecked after reporting earnings in revenue that miss analyst estimates. The used vehicle retailer stock down almost 20% hitting levels not seen since March 2020. For more, let's bring in CNBC's Phil Labau. Phil, what happened? What' they say about this? Melissa, there was nothing good in this report. Really, when you look at the quarter, almost every key metric was poor. And even on the conference call, the CEO said month by month, the quarter got worse. Now, they believe they're b ...

Tesla’s Model Y was a game-changer in the auto industry. Now, BMW and Mercedes-Benz are fighting back. https://t.co/y9rEFGbPgq ...

The Hyundai raid and its fallout shocked the auto industry, and South Korea. Nowhere is that shock more apparent than in a place like Pooler, Ga., where a new Korean community had taken root. https://t.co/S63GTrsfZ7 ...

The Hyundai raid and its fallout has shocked the auto industry, and South Korea. Nowhere is that shock more apparent than in a place like Pooler, Ga., where a new Korean community had taken root. https://t.co/RfyYpPG5Bp ...

The deadline for reciprocal tariffs has been pushed to August 1st. The Trump administration already moving ahead with steeper trade tariffs. 14 letters have gone out to notify countries of the new levies.Join us now, Fred Kemp. He's a Renaissance man. He's Atlantic Council CEO and president and a CNBC contributor.Since you are a Renaissance man, I'm surprised we didn't book you uh maybe to talk about um peace breaking out somewhat in the Middle East and Netanyahu publicly stating that Trump should get the N ...