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White House NEC director, Lael Brainard, reacts to this morning inflation and jobs data. Plus, tech juggernaut Apple gets set to report quarterly earnings with high expectations. And, Carvana reports a big beat as it looks to get its business back on track, the CEO breaks down the quarter and the turnaround.
White House National Economic Council Director Lael Brainard discusses the US dockworker strike halted as talks extended to January. Brainard spoke with Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern.See omnystudio.com/listener for privacy information.
The DEC hosted Lael Brainard, Director, National Economic Council and White House National Economic Advisor, on Monday, September 23, at the Masonic. In a conversation moderated by Glenn Stevens of MichAuto, Miss Brainard discussed "Strengthening the U.S. Auto Industry" and answered questions from the audience.
September 23, 2024 ~ Lael Brainard, Deputy Director of the National Economic Council of the United States joins Paul live from the Detroit Economic Club luncheon at the Masonic Temple.
US President Joe Biden has proposed removing a trade exemption that allows goods made in China and shipped by popular companies such as Shein and Temu to bypass import duties if they are worth less than $800.美国总统拜登提议取消一项贸易豁免政策。该政策允许由中国制造、经中国跨境电商平台Shein和Temu等热门公司运输,价值低于800美元的商品免缴关税。A US trade association said such changes would also affect American companies and consumers who enjoy buying the low-cost goods.一家美国贸易协会表示,这种变化也会影响喜欢购买低价商品的美国公司和消费者。The "de minimis'' exemption permits such packages to be flown into the United States without levies or processing fees.“小额豁免”政策允许此类包裹进口美国时,无需支付关税或手续费。The Biden administration wants the packages to no longer be exempt from tariffs if they fall under Sections 201 or 301 of the Trade Act of 1974, or Section 232 of the Trade Expansion Act of 1962, according to a statement released by the White House on Friday.根据白宫13日发表的声明,拜登政府希望,如果符合美国《1974年贸易法》第201条、第301条,或《1962年贸易扩大法》第232条的规定,这些商品将不再享受关税豁免。But the administration's changes will not go into effect right away, The New York Times reported, adding that the proposal will be subject to comment by industries before being finalized in the coming months. There also is a presidential election on Nov 5.但政府的改革不会立即生效,《纽约时报》报道称,在未来几个月内最终敲定前,该提案将征求各行业的意见。总统选举也将在11月5日举行。More than 1 billion de minimis packages from across the globe came through US customs in 2023, up from 134 million in 2015, according to Customs and Border Protection (CBP) data.根据美国海关和边境保护局的数据,2023年,有超过10亿个来自全球各地的“小额豁免”包裹通过美国海关,高于2015年的1.34亿个。China is the biggest source of retail packages entering the US daily, with around 3 million falling under de minimis, CBP data shows.美国海关和边境保护局数据显示,中国是每天进入美国的零售包裹的最大来源国,其中约有300万个包裹属于“小额豁免”范围。Z. John Zhang, a professor of marketing at the Wharton School of the University of Pennsylvania, told China Daily that Chinese fast-fashion brands are so successful because they offer international consumers several perks.宾夕法尼亚大学沃顿商学院的市场营销学教授张忠告诉《中国日报》,中国快时尚品牌之所以如此成功,是因为它们为国际消费者提供了多项优惠。"Prices are lower, helped by a significant extent by zero tariffs that the US is levying on small parcels of less than $800 in value," Zhang said.“价格的低廉,在很大程度上得益于美国对价值800美元以下的小包裹征收零关税。”张忠表示。Shein and Temu have defended their businesses.中国跨境电商平台Shein和Temu对此表态。"Since Temu's launch in September 2022, our mission has been to offer consumers a wider selection of quality products at affordable prices," a Temu spokesperson told arstechnica.com, a technology news website. "We achieve this through an efficient business model that cuts out unnecessary middlemen, allowing us to pass savings directly to our customers. Temu's growth does not depend on the de minimis policy."“自Temu于2022年9月推出以来,我们的使命一直是为消费者提供更多物美价廉的商品。”Temu发言人告诉科技新闻网站arstechnica.com,“我们通过高效的商业模式来实现这一目标,这种模式剔除了不必要的中间环节,使我们能够将节省下来的成本直接惠及顾客。Temu 的发展并不依赖‘小额豁免'政策。”A Shein spokesperson told arstechnica that the company "makes import compliance a top priority, including the reporting requirements under US law with respect to de minimis entries".Shein发言人告诉arstechnica,该公司 “将进口合规性作为重中之重,包括美国法律规定的有关‘小额豁免'包裹入境的报告要求”。The National Foreign Trade Council (NFTC), a trade association based in Washington, said the changes to the rule won't affect only Chinese fast-fashion brands, but also American companies and consumers who enjoy buying the low-cost goods.全美对外贸易委员会表示,对政策规则的修改不仅会影响中国的快时尚品牌,还会影响那些喜欢购买低价商品的美国公司和消费者。In a letter dated March 6, the NFTC wrote to Jake Sullivan, national security adviser, and Lael Brainard, director of the National Economic Council of the US, on behalf of several US trade organizations.3月6日,全美对外贸易委员会代表美国多家贸易组织,致函美国总统国家安全事务助理杰克·沙利文和美国国家经济委员会主任莱尔·布雷纳德。The trade body had urged the government to "protect an essential component of America's economic health and supply chain efficiency: de minimis treatment of low-value goods entering the US".信中,该贸易组织敦促美国政府“保护美国经济健康和供应链效率的重要组成部分——对进入美国的低价商品实行‘小额豁免'待遇”。The letter was backed by the Consumer Technology Association, the Express Association of America (EAA), the National Association of Manufacturers, the National Foreign Trade Council TechNet and the US Chamber of Commerce.这封信得到了美国消费技术协会、美国快递协会、全美制造商协会、全美对外贸易委员会TechNet和美国商会的支持。"De minimis has benefitted thousands of American small businesses across all sectors," the letter said. "For example, de minimis allows businesses to obtain inputs for domestically manufactured products into the US more efficiently and with fewer unnecessary administrative requirements.“‘小额豁免'使各行各业数以千计的美国小企业受益。” 信中说道,“比如,它使企业能够更有效地获得对美国国内制造产品的投入,减少不必要的行政要求。"It has also made purchasing goods online more affordable and accessible for consumers at a time of inflation and supply chain challenges."“在通货膨胀和供应链面临挑战的时候,它还使消费者能够更实惠、更方便地在线购买商品。”Earlier this year, US lawmakers called on the federal government to amend or shut down the de minimis exemption. A group of 40 lawmakers asked Homeland Security Secretary Alexander Mayorkas in a February letter to explore amending the use of the rule.今年早些时候,美国国会议员就呼吁联邦政府修改或取消“小额豁免”政策。2月,40 位美国国会议员写信要求美国国土安全部部长亚历杭德罗·马约尔卡斯探讨修改该规则的使用。The NFTC estimates that changes to the de minimis rule will more than double the price of a $50 package based on a processing fee of $31.67 and a brokerage fee of $20 after it arrives in the US.全美对外贸易委员会估计,基于31.67美元的手续费和运抵美国后20美元的中介费,对“小额豁免”政策的修改将使价值50美元的包裹的价格翻一番以上。It also could lead 88 other countries with de minimis policies to adjust their rules, which could hurt American exporters.这也可能导致其它88个实行“小额豁免”政策的国家调整其规则,从而损害美国出口商的利益。The de minimis exemption, Section 321 of the Tariff Act of 1930, was created in 1938. Its aim was to help facilitate global commerce and allow for small packages valued at less than $5 ($160 in today's dollars) to get to customers quickly and efficiently.“小额豁免”,即美国《1930年关税法》第321条,创立于1938年。其目的是帮助促进全球贸易,使价值低于5美元(按现在的价值计算为160美元)的小包裹能够快速、高效地送达顾客手中。The value of the packages allowed under the rule has gone up steadily over the years from $200 in 1994 to $800 in 2016, per person, per day.多年来,该规则允许的包裹价值稳步上升,从1994年的每人每天200美元增至2016年的800美元。
Wednesday, May 15th, 2024Today, Trump's lawyer starts the cross examination of Michael Cohen; an MSNBC host is aghast to hear that Bill Barr may have been in cahoots with Donald Trump; Donald blasts his trial judges resulting in calls for violence; an Arizona court rejects the RNC's attempt to upend election administration; Biden announces that he will raise tariffs on some Chinese products; House Democrats launch a probe into Trump's dinner with oil executives; plus Allison delivers your Good News.Subscribe for free to MuellerSheWrote on Substackhttps://muellershewrote.substack.com House Democrats launch probe of Trump's dinner with oil executives (WAPO paywalled)Arizona Court Rejects RNC Attempt to Upend Election Administration (Democracy Docket)Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs (NYT)Trump blasts his trial judges. Then his fans call for violence (Reuters Special Report) Subscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Check out other MSW Media podcastshttps://mswmedia.com/shows/Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://muellershewrote.substack.comhttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/From The Good NewsSt. Mary's Painswickhttps://www.stmaryspainswick.org.uk Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Sunday, June 2nd – Chicago IL – Schubas TavernFriday June 14th – Philadelphia PA – City WinerySaturday June 15th – New York NY – City WinerySunday June 16th – Boston MA – City WineryMonday June 17th Boston, MA https://tinyurl.com/Beans-Bos2Wednesday July 10th – Portland OR – Polaris Hall(with Dana!)Thursday July 11th – Seattle WA – The Triple Door(with Dana!)Thursday July 25th Milwaukee, WI https://tinyurl.com/Beans-MKESunday July 28th Nashville, TN - with Phil Williams https://tinyurl.com/Beans-TennWednesday July 31st St. Louis, MO https://tinyurl.com/Beans-STLFriday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts
Riots rage in New Caledonia, as France approves changes to voting rules in the French territory. President Biden's top economic adviser – Lael Brainard – joins the Reuters World News podcast for an interview, as the US hits China with steep tariffs. Plus, Secretary of State Antony Blinken rocks out at a Kyiv bar. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
This Day in Legal History: Organization of American States EstablishedOn this day, April 30, in 1948, a significant event in the realm of international law and diplomacy occurred with the establishment of the Organization of American States (OAS). This was formalized through the signing of the Charter of the Organization of American States during the Ninth International Conference of American States held in Bogotá, Colombia. The creation of the OAS marked a pivotal moment in regional cooperation, emphasizing the importance of legal and political solidarity among its member states.The Charter, serving as the foundational legal document of the OAS, laid down the principles of peace and justice, promoting the solidarity and collaboration among the member countries. The OAS was established primarily to foster mutual assistance and defend the sovereignty, territorial integrity, and independence of the states within the Americas.The organization's core objectives included strengthening peace and security, promoting the effective exercise of representative democracy, ensuring the peaceful settlement of disputes among members, and facilitating economic, social, and cultural development. Over the years, the OAS has played a crucial role in various diplomatic and political crises in the Western Hemisphere, acting as a forum for multilateral negotiations and conflict resolution.The establishment of the OAS also symbolized a collective effort to prevent foreign interference in the Americas, which was a growing concern during the post-World War II era, particularly with the onset of the Cold War. The OAS's commitment to democracy and human rights has been tested through various crises, but it continues to serve as a prominent regional entity in promoting democratic values and facilitating cooperation among its member states.Today, the OAS includes all 35 independent states of the Americas and continues to influence the legal and political landscape of the region. Its ongoing initiatives and missions focus on critical areas such as the promotion of human rights, fostering educational and cultural exchange, and addressing contemporary challenges like drug trafficking, political instability, and the protection of the environment. The establishment of the OAS remains a landmark in the history of international relations in the Western Hemisphere, reflecting a lasting commitment to regional solidarity and cooperative governance.Jeffrey Clark, a former Trump administration official and US assistant attorney general, is facing the possibility of disbarment as the only sanction deemed appropriate by DC Bar officials. In late 2020, Clark attempted to influence Justice Department superiors to send a letter to Georgia officials, improperly questioning the election results. This act was characterized by DC Bar lawyers as a dishonest attempt to create national chaos just before January 6. The situation escalated after a three-person panel preliminarily found that Clark violated at least one ethics rule, which could potentially affect his future career prospects, particularly in a potential second Trump administration.Clark's legal representatives, Harry MacDougald and Charles Burnham, have not yet responded to requests for comments on the matter. Meanwhile, Clark has claimed in court filings that the disciplinary proceedings are being used politically against Trump's allies, arguing through his lawyer that the case is politically charged.The three-person panel involved in the case sought advice from DC Disciplinary Counsel Phil Fox on possible lesser sanctions if disbarment were not pursued. However, Fox, alongside two other attorneys, argued that suggesting a sanction other than disbarment would be inconsistent with their professional duty. They emphasized that lawyers who betray their country by violating professional conduct rules should face disbarment. The final stages of the disciplinary process will involve a recommendation by the panel, followed by reviews by the Board on Professional Responsibility and the DC Court of Appeals.The ethical violation considered here is Clark's attempt to misuse his position to influence electoral outcomes, a severe breach of the Rules of Professional Conduct, which mandates adherence to lawful and ethical standards by practicing lawyers. This emphasizes the critical nature of legal integrity and the repercussions of its breach.Jeffrey Clark Disbarment Is Only Possible Sanction, DC Bar SaysA new study by global consulting firm Workiva reveals that a significant majority of companies, nearly 90%, plan to voluntarily disclose extensive data on their carbon footprint, surpassing the mandated requirements. In the U.S., 86% of surveyed companies expressed intentions to adhere, wholly or partially, to Europe's Corporate Sustainability Reporting Directive, despite not being obligated to do so. This directive requires companies with subsidiaries in the EU to report on their impact on local communities and fair labor practices, with enforcement potentially starting by 2026.Meanwhile, the U.S. Securities and Exchange Commission's efforts to mandate climate impact disclosures have been delayed due to ongoing litigation, even as their proposed rules on greenhouse gas emissions reporting are perceived as less stringent.The motivation for these voluntary disclosures, as explained by Andie Wood, vice president for regulatory strategy at Workiva, stems from substantial investor demand and competitive pressures. Companies are committed to providing robust and comparable data, recognizing the strategic value in transparency.The survey involved environmental, social, and governance (ESG) practitioners from 2,204 companies globally, including 660 U.S.-based firms, all having at least 250 employees and a minimum of $250 million in annual revenue. Although these companies are confident in the accuracy of the data they volunteer, they anticipate challenges in meeting the more stringent EU reporting requirements. About 83% of respondents see accurately collecting data to comply with EU standards as a challenge, highlighting the complexity involved in fulfilling these regulatory expectations. This reflects a broader understanding among businesses that while they are confident in their current disclosures, there is room for improvement in efficiency and compliance with international standards.Most Companies Plan to Voluntarily Disclose Climate Rules DataOn Tuesday, the Biden administration announced the implementation of its second set of changes to the U.S. environmental permitting rules, aiming to accelerate the development of renewable energy infrastructure and other projects. These modifications are designed to balance the rapid construction of clean energy projects with the preservation of established environmental safeguards.The new rule introduces the concept of "categorical exclusions," which allows federal agencies to use previous decisions by other agencies for projects that are not expected to significantly impact the environment, thus bypassing more exhaustive reviews under the National Environmental Policy Act (NEPA). It also promotes programmatic environmental reviews for broad actions, aiming to reduce the level of scrutiny for projects that either mitigate their environmental impact or provide clear environmental benefits.Additionally, the rule mandates that agencies must consider climate change impacts during environmental reviews and explore reasonable alternatives to minimize these effects. It also states that projects with long-term positive environmental outcomes may not require environmental impact statements (EIS).This rule covers a broad spectrum of construction activities, including renewable energy projects and infrastructure like roads and bridges, which are supported by recent infrastructure and climate legislation. The White House Council on Environmental Quality (CEQ) has worked to expedite the permitting process, with the White House reporting a 14% increase in the federal permitting workforce and faster completion of EIS processes under this administration.The rule is expected to attract more private investment in sectors such as advanced manufacturing and clean energy. Natalie Quillian, White House Deputy Chief of Staff, and Lael Brainard, the national economic adviser, highlighted the importance of providing businesses with the certainty needed to invest confidently and navigate the federal permitting process efficiently.However, the rule has faced criticism from business groups who argue that it could favor certain projects, complicate agency analyses, increase litigation risks, and expand the scope of projects requiring NEPA review, potentially conflicting with the debt ceiling law. Despite these concerns, CEQ Chair Brenda Mallory expressed confidence in the new system's durability and effectiveness.Biden Issues Permitting Changes to Speed Clean Energy Build OutDonald Trump's criminal trial in New York, concerning charges of falsifying business records, is set to continue with testimony from a banker knowledgeable about the accounts involved in the alleged hush money scheme. This scheme was purportedly designed to influence the 2016 election by concealing a sex scandal. The trial, which marks the first criminal trial of a former U.S. president, began on April 22. Trump, who is also the Republican candidate in the 2024 presidential election, faces accusations related to a $130,000 payment made to porn star Stormy Daniels, real name Stephanie Clifford, to prevent her from discussing a claimed sexual encounter with Trump in 2006. Trump has denied the encounter and pleaded not guilty.The trial has heard from various figures, including former National Enquirer publisher David Pecker, who testified about using his publication to suppress negative stories about Trump during the 2016 campaign. Stormy Daniels and former Playboy model Karen McDougal, who also claims to have been paid for her silence about an alleged affair with Trump, are expected to testify.Michael Cohen, Trump's former lawyer, is set to testify that he arranged and disguised the payments to Daniels and McDougal under Trump's direction, claims that Trump has denied. This case is one of several legal battles Trump is facing, with others concerning his efforts to overturn the 2020 election results and his handling of classified documents. Trump has labeled all these cases as politically motivated witch hunts.Trump NYC hush money trial to resume with banker's testimony | ReutersChangpeng Zhao, the former CEO of Binance, the world's largest cryptocurrency exchange, pleaded guilty to violating U.S. money laundering laws and is awaiting sentencing. The U.S. prosecutors have recommended a sentence that is twice the 18-month maximum suggested by federal guidelines, emphasizing the need for a stern penalty to serve as a deterrent in the cryptocurrency industry. Zhao has accepted responsibility and paid a $50 million criminal fine. His defense argues for probation, noting his cooperation and lack of prior criminal history.Zhao's sentencing is part of broader legal actions against cryptocurrency executives following the industry's downturn in 2022, which revealed widespread fraud and misconduct. Binance, under Zhao's leadership, admitted to evading anti-money laundering measures and agreed to a substantial $4.32 billion criminal penalty. The exchange has been criticized for a lax approach that allegedly facilitated transactions involving criminal and terrorist groups, as well as other illegal activities. Zhao, who has stepped down from his role and is on a $175 million bond, has agreed not to appeal any sentence within the recommended guidelines.Binance's CEO Zhao faces sentencing over money laundering violations | ReutersIn my column today, I discuss the increasing reliance of states on vice industries—like marijuana and online sports betting—for tax revenue. This approach seems attractive, especially as it promises substantial inflows that help offset persistent revenue shortfalls, a situation exacerbated by the Covid-19 pandemic. For instance, California alone generated over $160 million from cannabis taxes in just one quarter of 2023.However, it's crucial to understand that these funds aren't "free money." They come with societal debts due to the decades of criminalization of these now-legal activities. Moreover, they bring potential future costs, such as increased health-related expenditures from addiction and mental health issues stemming from these industries.While the immediate fiscal benefits are undeniable, allowing states to bolster their budgets without divisive tax hikes, the long-term sustainability and ethical implications need careful consideration. Market saturation and the ineffectiveness of regional exclusivity are real risks as more states legalize these activities. It's no longer necessary to cross state lines for gambling, reducing the unique economic benefits previously offered by state-specific legalization.The revenue generated should not merely fill gaps caused by other tax policy failures but should specifically address the harms inflicted by these industries. Funds should be allocated to education, job training, and community development in areas most affected by past criminalization. Additionally, a portion should be earmarked for public health initiatives focusing on addiction treatment and mental health services.It is imperative that the utilization of vice tax revenues is approached not just as an economic opportunity but as a means to rectify historical injustices and promote social equity. This requires a strategic shift in policy, prioritizing long-term social benefits over short-term fiscal gains. Effective redistribution of these funds is essential to ensure that the communities historically disadvantaged by these policies see real improvements.Vice Taxation Isn't ‘Free Money' and Should Focus on Public Good Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
Chuck and Mark recap a worse-than-expected retail sales report for January and how it offers a glimpse into consumer spending habits. Also, does the Fed have a credibility problem? A dive into recent inflation comments from Lael Brainard, director of the White House National Economic Council. Plus, how are people reacting to raises in an inflationary environment?
Thursday, February 8th, 2024Today, Republicans tank their own border bill in the Senate as Chuck Schumer pivots to a clean aid package for Ukraine, Taiwan and Israel; Ronna McDaniel can add the Romney back to her name because she's resigning as RNC chair; if you've donated to the Trump PAC, your money is going to pay Jared and Ivanka's legal fees; the IRS is expected to collect hundreds of billions of dollars thanks to the Inflation Reduction Act; Nikki Haley loses to “none of these candidates” in the Nevada primary; Rep Al Green left the hospital and voted against the impeachment of Mayorkas in a hospital gown. Plus Allison and Dana deliver your good news.Promo CodeThanks Aura Frames. To get up to $50 off the perfect Valentine's Day gift, go to https://auraframes.com Terms and conditions apply.More from our Guest Steve Pierson:Steve Pierson For CA State Assembly District 44https://www.piersonforca.comHow we win podcasthttps://www.howwewinpod.comRonna McDaniel, R.N.C. Chairwoman, Plans to Step Downhttps://www.nytimes.com/2024/02/06/us/politics/ronna-mcdaniel-rnc-trump.htmlNikki Haley loses to 'none of these candidates' in the Nevada GOP primaryhttps://www.nbcnews.com/politics/2024-election/haley-loses-nevada-republican-primary-without-trump-rcna137367IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new fundinghttps://apnews.com/article/irs-tax-gap-audits-inflation-reduction-act-e0dcb9bc52cfcdd8fc40caa2c04e8011Al Green, in Hospital Garb, Delivers Vote To Kill Mayorkas Impeachmenthttps://www.nytimes.com/2024/02/06/us/politics/al-green-mayorkas-impeachment.htmlSubscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Check out other MSW Media podcastshttps://mswmedia.com/shows/Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction?Good News & Confessions - The Daily BeansFrom the Good NewsHawaiian Language Monthhttps://www.mahinaolelohawaii.org Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercast https://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts
January 29, 2024: For this week's edition of PSYCHOTIC BUMP SCHOOL, DJ ROME continues to focus on politics, primary voting, & controlling the narrativePART 1 : DR JANET YELLEN (center bottom), LAEL BRAINARD (left bottom), JOE BIDEN (left top), KAMALA HARRIS (center top)1) The Masterclass-Mastering the Message - A monologue/discussion regarding the week in politics, Iowa & New Hampshire election results, & the rising economic sentiment experienced across the countryPART 2: GAVIN NEWSOM (right top) & ROLAND MARTIN (right middle)Warning: Strong language2) The Masterclass-Mastering the Message - Politicizing the border & immigrationPART 3: GAVIN NEWSOM (right top) & SIMON ROSENBERG (The Voice of Reason) (right bottom)3) The Masterclass-Mastering the Message - Biden's age, Biden's results, Biden's chances in 2024A POWERFUL episode,, so press PLAY & SHARE with your friends.
January 29, 2024: For this week's edition of PSYCHOTIC BUMP SCHOOL, DJ ROME continues to focus on politics, primary voting, & controlling the narrativePART 1 : DR JANET YELLEN (center bottom), LAEL BRAINARD (left bottom), JOE BIDEN (left top), KAMALA HARRIS (center top)1) The Masterclass-Mastering the Message - A monologue/discussion regarding the week in politics, Iowa & New Hampshire election results, & the rising economic sentiment experienced across the countryPART 2: GAVIN NEWSOM (right top) & ROLAND MARTIN (right middle)Warning: Strong language2) The Masterclass-Mastering the Message - Politicizing the border & immigrationPART 3: GAVIN NEWSOM (right top) & SIMON ROSENBERG (The Voice of Reason) (right bottom)3) The Masterclass-Mastering the Message - Biden's age, Biden's results, Biden's chances in 2024A POWERFUL episode,, so press PLAY & SHARE with your friends.
Biden launches airstrikes on Houthi targets in Yemen without communicating with Congress. Bubba's daughter Katelyn announces that she is the new press secretary for U.S. Rep. Jerry Carl (R-Ala.). The state of Alabama is still reeling from the retirement of Coach Nick Saban. We hear from more distraught fans. We hear clips from Whoopi Goldberg, Jill Biden, and Lael Brainard as they say insane things we can't believe. Aaron Rodgers returns to "The Pat McAfee Show" one day after McAfee seemed to have decided to part ways with the controversial quarterback. And we look at the trailer for Glenn Beck's latest project exposing the real story of Colony Ridge. Learn more about your ad choices. Visit megaphone.fm/adchoices
Biden launches airstrikes on Houthi targets in Yemen without communicating with Congress. Bubba's daughter Katelyn announces that she is the new press secretary for U.S. Rep. Jerry Carl (R-Ala.). The state of Alabama is still reeling from the retirement of Coach Nick Saban. We hear from more distraught fans. We hear clips from Whoopi Goldberg, Jill Biden, and Lael Brainard as they say insane things we can't believe. Aaron Rodgers returns to "The Pat McAfee Show" one day after McAfee seemed to have decided to part ways with the controversial quarterback. And we look at the trailer for Glenn Beck's latest project exposing the real story of Colony Ridge.Sponsor: The Real Story of Colony Ridge - BlazeTV is debuting the second episode of our docuseries, Blaze Originals, where Glenn Beck traveled to the quickly evolving Liberty County, Texas to give you The Real Story of Colony Ridge. Colony Ridge is growing FAST, EXTREMELY FAST, at a rate of 200 lots per week, and based on what Glenn and the Blaze Originals team observed first-hand, the overwhelming percentage of residents are Spanish-speaking non-citizens. Glenn spoke with the developer, John Harris, and while he stated approximately 35,000 people live there, the local officials contradicted him, estimating the actual population is more than TWICE that. If nothing is done about this, there will be HUNDREDS OF THOUSANDS of people living in Colony Ridge in just a few years. And that's where YOU come in. Both the right and left-wing media have given vastly conflicting reports on Colony Ridge, and BlazeTV couldn't have traveled there to get you the REAL story without your support. This documentary is only the beginning of our Blaze Originals series exposing corruption and what's really going on in our country, and we can't do these productions without your help. That's why if you aren't already a subscriber of BlazeTV, subscribe now for $30 off an annual subscription by visiting https://BLAZEORIGINALS.com and use code “COLONY RIDGE.” In this episode, Glenn addresses all the rumors and brings you the truth. Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.
Today's show opens with our strikes a some of the Houthi controlled terrorist locations in Yemen yesterday. While I applaud any administration who wants to take out bad guys and protect our international shipping lanes, I do have to wonder, what's the overall plan? Former congresswoman Tulsi Gabbard has similar concerns and lays out the case that this administration responds randomly and haphazardly from one crisis to another, often of their own making. Keep in mind, until the Biden regime came into power, the Houthi's were listed as a known terrorist organization. But, along comes a group of children in adult bodies, gifted with an abundance of magical-thinking, and they decided to remove that label in February of 2021. Even CNN had to ask WH spokesperson John Kirby if the terrorist label needed to be reapplied? His answer – they are discussing it. Rep. Tim Burchett (R-TN) was on CNN discussing the border, our budget and the issues Speaker Johnson is facing with the Freedom Caucus in his own party. So, I spend a few minutes breaking down how the House should have been operating for the last three decades. Rep. Marjorie Taylor-Greene (R-GA) reminded the press that they have the option of funding parts of the government, while allowing other parts to be shut down. It's not an all or nothing premise and we should not allow the Left of the Legacy/mainstream media to position it that way. Next we move to the close of the Letitia James/NYC fraud case on Donald Trump and Trump business. What's amazing is now, after it's over, CNN is actually discussing how the case doesn't make any sense and will likely be bad for New York City moving forward. TDS sufferer, Jonah Goldberg called it entirely political. Kevin O'Leary, who took politics out of the discussion, explained how every real-estate developer conducts business and close stating that if James win the Trump case, ever single real-estate developer will need to be taken to court. Since the strikes on Houthis terrorists, oil prices jumped 4% today. That's only the beginning. As more and more freighters choose longer routes to avoid conflicts in the Red Sea, the more prices are going to rise, including the price of oil. Yet WH top Biden economic advisor, Lael Brainard, wants us to be excited that the 30-year average mortgage rate has dropped a percentage over the last few months. It had been 2.7% three years ago and now sits just over 7%. In closing, and on a positive note, a shout out to the Ohio House for overriding Gov. DeWIne's veto, putting legislation in place to prevent the genital mutilation of minors and keeping men out of women's sports. And, because it's Friday, and after Biden's strikes in Yemen, comedian Jim Gossett sings us a song about Biden having friends in Iranian places. Take a moment to rate and review the show and then share the episode on social media. You can find me on Facebook, X, Instagram, GETTR and TRUTH Social by searching for The Alan Sanders Show. You can also support the show by visiting my Patreon page!
The mood about the US economy feels very different right now than it did a year ago. At the start of 2023, almost everyone seemed to be predicting recession. Right now, there is a high degree of optimism about the prospects of a soft landing. On this special episode of Odd Lots, we speak with Lael Brainard, the director of the White House's National Economic Council. We talk about the state of the recovery, why public frustration towards the economy remains high, and what further can be done by the Biden administration to address the high cost of living.See omnystudio.com/listener for privacy information.
On today's podcast: 1) Investigators probing the fuselage blowout on a Boeing Co. 737 Max 9 on Jan. 5 determined that the door plug moved upward before ejecting and that fittings holding the part in place came loose, as the two US carriers operating the now-grounded aircraft said their own maintenance checks uncovered loose bolts on the parked jets. 2) Donald Trump's lawyers will spar with federal prosecutors Tuesday in a high-stakes court battle to determine if he is immune from charges of trying to overturn the 2020 election because he was president at the time. 3) US lawmakers demanded answers from the Pentagon after Defense Secretary Lloyd Austin failed to notify the White House about his hospitalization for four days, saying they weren't satisfied with the explanation for his absence. 4) The White House's “work is not done” when it comes to lowering prices for American consumers according to the president's top economic advisor, Lael Brainard. That's despite the recent slowing of inflation that has seen the headline consumer price index fall to 0.1% in November. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the investigation into the door panel blowout on a Boeing seven thirty seven Max nine. Bloomberg's John Tucker is here with the latest, John and Nathan. More and more of the focus is turning to bolts and whether they were properly tightened, as the NTSB tries to find answers to how that unused door panel blew off that Alaska Airlines Boeing seven thirty seven Max nine over Portland. Another airline says it's found loose bolts. United confirms it found loose bolts after inspecting identical door plugs as the one that blew out on the Alaska plane. NTSB chairman Jennifer Hamendi, we are aware of the reports of that are coming back from the inspections from United and Alaska and Boeing. Our team is collecting that information and there will be some follow up from the inspections. It's unclear how many loose polts were found. The NTSB may now broaden the probe into other Max nine jets beyond the Alaska Airlines model on which the accident occurred. It intensified scrutiny of the manufacturing process at Bowling and its key supplier, Spirit Aerosystems, which makes the fuselage for the seven thirty seven Max. I'm John Tucker, Bloomberg Radio. All right, John, Thanks well. Another major story that we're following this morning involves a high stakes court hearing in Washington, d C. Lawyers for Donald Trumpell's spar with federal prosecutors over whether the former president is immuniform charges of trying to overturn the twenty twenty election results. Bloomberg's Amy Morris has more from Washington. Oral arguments are set for today before a three judge panel with the US Court of Appeals for the d C Circuit over whether Donald Trump is shielded from prosecution for his actions before and during the January sixth riot at the US Capitol. Now Trump said on social media he planned to attend, but he is not expected to address the court. The judges could hand down their ruling at any time after the hearing, and a ruling in favor of Trump could be a fatal blow to the Justice Department's efforts to try him. While either side has the right to appeal. Neither the full DC Court nor the US Supreme Court are required to take the case, so this Court's ruling could be the final word in Washington. Amy Morris Bloomberg Radio, Okay, Amy, thank you will staying in Washington. Bipartisan anger is building against Defense Secretary Lloyd Austin. We get that story from Bloomberg's Dan Schwartzman. Politicians on both sides of the isle are demanding answers as to why Defense Secretary Lloyd Austin failed to let anyone know he was hospitalized on New Year's Day. The retired general didn't even let the White House know he was at Walter Reed Medical Center for four days, depending on a day after that. Austin was hospitalized, but did not tell the White House, Congress, or even the deputy Defense Secretary for several days. Republican Senator Susan Collins Remaine says it's quote inexplicable that the Secretary's condition remains shrouded in secrecy, while Massachusetts Democrat Seth Mulden says this astounding that the president in Austin's own deputy did know he was in the hospital. According to White House spokesman John Kirkby President Biden has no plans to replace Austin. Dan Schwartzman Bloomberg Radio. All right, Dan, thanks now to the latest developments in the Middle East. Secretary of State Anthony Blncoln says, who the militants will face consequences if they continue to attack ships in the Red Sea, he told reporters, and more violence will be detrimental for the region. It's clearly not in the interest of anyone Israel Lebanon Hasbola for that matter, to see to see this escalator and to see an actual conflict, and the Israelis have been very clear with us that they want to find a diplomatic way for it. Secretary of State Anthony Blincn meets with Israel's leader Benjamin and Yahoo later today. Let's turn back to markets now, Karen, As you mentioned, futures are lower following yesterday's rally on Wall Street that saw the Nasdaq surge more than two percent. In Asia, the knee Can in Japan closed at its highest level in thirty four years. Me and mole Nathan. Former bond king Bill Gross is signaling he is now steering clear of treasuries in a post on x gros said ten year treasury yields at four percent are overvalued. Gross made millions late last year after a big bet the Fed would pivot toward interest rate cuts for twenty twenty four. Well Karen, the President's top economic advisor, says the White House's work is not done when it comes to lowering prices for American consumers. Lyyle Brainerd spoke with Joe Wisenthal and Tracy Alloway on the Bloomberg Godlots podcast. Some prices have not come down, and we're fighting pretty hard to get those prices to come down. One area that really is difficult for Americans is healthcare. White House Economic advisor Lyle Brainerd ads the administration will use its position to continue calling out corporations who aren't passing along cost savings to consumers. For the full conversation, download the latest edition of Bloomberg Odd Lots that's available everywhere you get your podcasts. And Shares of Nvidia closed at a record high. The company's chip technology dominates in data centers used to create artificial intelligence software where now in Nvidia's announced new products to help the personal computer industry lower consumers with AIPCS. Another chip maker in the spotlight this morning, Nathan Samsung Electronics has posted at six straight quarter of declining operating profit. The results underscore how demand for smartphones and the memory chips remained sluggish given economic uncertainty, and shares of Match are up more than eight percent in early trading. That says The Wall Street Journal reports Elliott Investment Management has built a stake of about a billion dollars in the dating app company. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. Homeland Security Secretary Alejandro Orcis was an eagle pass taxes to meet with elected leaders and border patrol agents at the southern US border. Now, he says it's too early to tell if the significant drop in border crossings over the past week is related to the holiday season or stepped up enforcement operationations in Mexico. Our immigration system is outdated and broken and has been in need of reform for literally decades. On this, everyone agrees. Arizona Senator Kirsten Cinema, an independent who has been central in negotiations, says She's not sure whether text is going to be available, but she hopes there will be something to present this week. House Republicans are pushing to impeach may orc As Senate Republicans want him to help cut a border security deal. President Biden meanwhile moving to win back black voters. Bloomberg's Nancy Lyons has more on his trip to South Carolina. President Biden delivered remarks at Mother Emmanuel Ame Church in Charleston, South Carolina, where white supremacist killed nine people in twenty fifteen. Biden says, our country must deal with racism. It is a poison throughout our history. Driptest nation apart, says no place in America, not today tomorrow. Ever, Biden's favorability among black voters in seven swing states has slipped so seven percentage points since October to sixty one percent in December. That's according to a Bloomberg News Morning Consult poll in Washington. Nancy Lyons Bloomberg Radio. Now. Former President Trump wants his supporters to give him a definitive win in Iowa, even with a commanding, leaving the polls with less than a week before the caucuses. Trumps stressed turnout the people of this state are going to cast the most important vote of your entire lives. I believe that too very much. I used to say that twenty sixteen, and I believed it then, and now I believe this is even much more important. The Trump campaign believes a decisive Iowa victory would put pressure on his GOP rivals to drop out. Florida Governor Ron DeSantis and former South Carolina Governor Nikki Haley have failed to gain much significant ground in the Iowa polls against Trump. Next up New Hampshire January twenty third. That's where Nicki Haley has been gaining more momentum while still trailing Trump. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I Mamy Morris and this is Bloomberg Karen righting me. Thank you. We to bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app Bloomberg dot Com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karn. The Michigan Wolverines national champions in college footwall in Houston. They beat Washington thirty four to thirteen. It was a quick start for Michigan. First two possessions were both Donovan Edwards touchdown runs. They covered forty one and forty three yards. Michigan didn't get into the end zone again until the fourth quarter. Blake Korum scored capping a seventy one yard drive, and later Quorum scored again, coming after Mike Stanisil's eighty one yard interception return. Washington star quarterback Michael Pennix junior twenty seven of fifty one, did have two interceptions. Mission goes fifteen to zero, wins the national title for the first time since nineteen ninety seven, and the question now is if Jim Harbar returns as coach or heads back to the NFL. The Washington Commanders looking for a new coach after they had the second worst record in the NFL. They've got new ownership and Ron Rivera fired after four years on the job. Carolina Panthers already knew they were looking for a new coach now at GM as well as the Panthers fired to the manager Scott Fitterer. Celtics got forty points from Jalen Brown, but lost at Indiana one thirty three to one thirty one. The Pacers lost their star player Tyrese Haliburton a hamstring injury. He's headed for an MRI. John Moran is headed for a season ending shoulder surgery. Memphisis star guard was suspended for the first twenty five games of the season and ends up only playing nine games on the year. Wizard's thirtieth loss to the year beaten by Oklahoma City one thirty six to one twenty eight. The Bruins lost at Colorado four to three in a shootout. John Stash Edward Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius, Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager Boeing is working to get at seven thirty seven Max nine Jets back in the air after the FAA ordered them temporarily grounded following last week's door panel blowout. But the investigation into the cash cow for Boeing is finding more installation issues maybe than just the ones on that Alaska Airlines flight. For more, we're joined now by Bloomberg News Global Aviation head Benedict Campbell. Thanks for being here, Benedict. Get us caught up on the investigation so far. Good morning. So we heard from the NTSB again yesterday, the holding daily press briefings to give the latest update. And what we heard yesterday is that indeed they are still focused on this particular Alaska aircraft, but they've said that they might well be looking more deeply at other aircraft broadly, more broadly than just the seven three seven Max nine. Right now, the focus remains very much on that door panel, on that plug as they call it, that came flying out, and they're trying to determine what exactly caused that component to come loose. One thing that they did say was they are focused intensely on the bolts that are sort of a fixing that particular component. And speaking of bolts, we have heard from United Air and from Alaska that they've found some loose bolts on their aircraft, so obviously that's sort of the area around which the investigation is focused right now. How unusual is it to see these signs of improper tightening on an aircraft like this? Is this part of the reason why we're getting these suggestions that the investigation could go beyond the Max nine Absolutely, and this is obviously something you don't want to find on an aircraft. Is something that they have found, not just in this case, but also in previous sort of investigations where they looked at improper manufacturing. We had a misaligned drilling holes on some seven three sevens last year. Then we had some loose bolts in another part of a plane. So these defects appear to come up again and again. And you have to remember the Max, the seven three seven Max has a very sort of fragile reputation after these two crashes that happened almost five years ago. A lot of people still somewhat squeamish about that aircraft and an Abbus not Abbus Boeing have managed to repair that reputation, but somewhat fragilely. And the question now is will that pull them back into a hole. How can they emerge from that? Those are a lot of things they're trying to work through right now. Yeah, it raises the question about whether Boeing could be running into a crisis of confidence with flyers. Is that the concern for Boeing? That is very much the concern. I mean, we've seen the crisis of confidence on the side of the investors. If you look at what happened with the stock yesterday took a deep tumble. Spirit Aerosystems, that's the company that makes the fuselage for the seven three seven is by An is by far Boeing's most important supplier. They also dropped quite sharply yesterday. So there is a real crisis and confidence For the time being, it's the focus is very much sort of on the investor side, on the financial side. But if this spreads into a bigger crisis, say the flyers, the flying public, and then the customers ultimately, that will obviously be something very hard for Boeing to get back from. This had been the year, or supposed to be the year of the great comeback of Boeing. They've they've had a couple of difficult years, as I said, but they'd managed to get their manufacturing back in order, the orders and deliveries are back. They'd planned to really increase the output rate of the seven three seven. All of these things were sort of what lay ahead for them for this year, and right now it looks as if things will certainly low down for them quite a bit. The FAA, which is the regulator in the US, they're saying, not so fast. We want to make sure this plane is ready to fly again before we can unground it, and Boeing has to sort of comply with that. Is this something that could put the relationship between Boeing and Spirit Aerosystems in jeopardy? I mean, where could the blame potentially lie for this? Got about a minute left. It's a difficult relationship that these two companies have. Spirit used to be part of Boeing. Then it will spun out, but they're still very much sort of entwined and then locked in a slightly unhappy marriage here. They obviously Boeing needs to have very close quality controls at Spirit to make sure that the products that get shipped over to Boeing meet their standards, and that's something that hasn't always been the case in the past. So Boeing really needs to tighten the screws, as it were, on Spirit and make sure that they have the right people there, they have the right controls. There's new management at that company. Ultimately the buck stops with Boeing. They need to have the final sign off on the plane. You can blame Spirit and point your finger as much as you want at them, but the plane is ultimately sold by Boeing, so they need to make sure that the network is up to snuff. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the new you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.
Poonam Goyal, Senior Analyst for e-commerce, athleisure, and off-price retail, discusses Nike earnings and retail outlook just before the holiday weekend. Lael Brainard, Director of the US National Economic Council, joins Kailey Leinz and Guy Johnson for a discussion on the economy and today's inflation data. Stuart Paul, US Economist with Bloomberg Economics, joins to break down today's inflation data and gives her outlook for the Fed and rate cuts. Peter Platzer, CEO and founder at Spire Global (NYSE: SPIR), joins to discuss his company and “space-as-a-service." Hosted by Paul Sweeney and Simone Foxman.See omnystudio.com/listener for privacy information.
US National Economic Council Director, and former Federal Reserve vice chair Lael Brainard talks about the Biden administration's executive order on AI, the state of auto workers strikes and more. She speaks with hosts Joe Mathieu and Annmarie Hordern.See omnystudio.com/listener for privacy information.
The U.S. sees a surprise jump in unemployment numbers with softer hourly earnings data which prompts expectations that the Federal Reserve will pause its rate hiking cycle this month. NEC director Lael Brainard says the economy remains resilient and stable. Chinese property developer Country Garden has reportedly struck a deal to extend on-shore bond payments, pushing shares to a three-week high. Asian equities, led by the Hang Seng, are higher as a result. We are live at the Ambrosetti Forum on the shores of Lake Como where Italian deputy PM Antonio Tajani has told CNBC his country is considering withdrawing from China's Belt & Road Initiative. Meanwhile, European Economy Commissioner Paolo Gentiloni claims the EU economy can avoid recession, despite the marked downturn seen in Germany. We are also live at the Munich Auto Show where an increased Chinese presence is drawing attention. However the CEOs of Mercedes and BMW tell CNBC that they remain unfazed by the new competition.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On the first trading day of September, Carl Quintanilla, Leslie Picker and Mike Santoli led off the show with the August employment report. It showed job creation and the unemployment rate came in in higher-than expected last month, while non-farm payrolls growth was downwardly revised for June and July. National Economic Council Director and former Fed vice chair Lael Brainard joined the program with White House reaction to the numbers and her take on inflation. Veteran strategist Ed Yardeni shared his expectations for the markets this month. Also in focus: Lululemon's earnings beat, Walmart's all-time high, Dollar General's downgrade parade, the FTC/Amgen-Horizon Therapeutics settlement, Disney-Spectrum/Charter carriage dispute, Dell surges, Barry Diller slams Netflix. Squawk on the Street Disclaimer
Top Biden economic advisor Lael Brainard says "real incomes are up." See omnystudio.com/listener for privacy information.
On today’s show, Lael Brainard — the former vice chair of the Federal Reserve and current head of the National Economic Council — sits down with us to chat about fiscal policy, inflation, banking regulation and the looming debt ceiling crisis. We’ll also tackle durable goods spending, a blocked tech merger and the school superintendent pipeline.
On today’s show, Lael Brainard — the former vice chair of the Federal Reserve and current head of the National Economic Council — sits down with us to chat about fiscal policy, inflation, banking regulation and the looming debt ceiling crisis. We’ll also tackle durable goods spending, a blocked tech merger and the school superintendent pipeline.
The guys discuss a recap of yesterday's FED meeting, with sentiment being focused on a slower pace to fight inflation. Lael Brainard is set to be replaced as the Biden Administration's National Economic Council Director. Nvidia posts strong results, seeing the stock up 10% at the release of this news. Apple continues its efforts for innovation, now in the healthcare space regarding glucose reading levels. Bath and Body Works gets an activist investor, potentially saving them from doom.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure
The EU have announced nearly $12 billion of sanctions aimed at weakening Moscow's ability to maintain its “war machine” through trade bans and technology export controls. We find out what impact sanctions are already having on Russia, and how they are causing young tech workers to leave the country. We hear from a former senior economic advisor in Barack Obama's administration, about President Joe Biden's appointment of Lael Brainard, vice-chair of the US Federal Reserve, as his top economic advisor. And as the first UN aid convoy arrives in Syria, we get reaction from the country as anger grows over the lack of support so far.
Today’s inflation report showed a slight tapering in rising prices — it was 6.4% compared to 6.5% in December. That’s a marginal improvement, but it’s still much too high for comfort for the Federal Reserve and market watchers who may have been expecting a sharper decrease. The Fed’s Vice Chair, Lael Brainard, has been tapped by President Biden to lead the U.S. Council of Economic Advisers. Some states are moving to expand Medicaid to food-related health services, which would represent a shift from previous programs. And, why colleges may soon begin implementing more programs designed for midcareer professionals.
Today’s inflation report showed a slight tapering in rising prices — it was 6.4% compared to 6.5% in December. That’s a marginal improvement, but it’s still much too high for comfort for the Federal Reserve and market watchers who may have been expecting a sharper decrease. The Fed’s Vice Chair, Lael Brainard, has been tapped by President Biden to lead the U.S. Council of Economic Advisers. Some states are moving to expand Medicaid to food-related health services, which would represent a shift from previous programs. And, why colleges may soon begin implementing more programs designed for midcareer professionals.
Lael Brainard, vice chair of the Federal Reserve, has advocated for slowing interest rate hikes; New York regulators order Paxos to stop issuing Binance stablecoins; Inflation expected to have eased to 6.2% in January To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
CPI came in hotter than expected – Joe Terranova breaks down his playbook for stocks now. Plus, President Biden officially named Lael Brainard to lead the NEC. Steve Liesman explains what could be next. And, market expert Mike Santoli tells us what he's watching in tomorrow's trade.
The latest inflation numbers. Train derailment and Mayor Pete. Ford battery plant and China. Lael Brainard goes to the White House. Crypto regulation fallout. Chips Act and stock buybacks. Never ending war drums. Turbines falling down, Don Quixote?? I am a Valentine's Day Scrooge!
Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Wall Street braces for the latest reading on inflation 2) President Biden to name Lael Brainard as his top economic adviser 3) More job cuts come to Ford Motor See omnystudio.com/listener for privacy information.
Stocks staged another impressive intraday comeback in Wednesday trading, with the Dow erasing a 460 point loss. Microsoft was a big part of that reversal, initially falling on soft guidance but gaining ground throughout the session. Analyst Keith Weiss and Barbara Doran from BD8 Capital Partners discuss the messaging from Microsoft and the readthrough for the rest of tech earnings. Ad titan Sir Martin Sorrell joins to break down the DOJ's case against Google, and what it means for other players in the space. Plus the latest on earnings from Boeing and AT&T, and why Wall Street is buzzing about Fed vice chair Lael Brainard.
Stocks pulled back again Thursday, adding to steep losses from Wednesday's session. Strategist Warren Pies from 3Fourteen Research weighs in on the market moves and new comments from Fed vice-chair Lael Brainard on inflation. Sara sits down with celebrated investment banker Ken Moelis for a wide-ranging interview from the World Economic Forum in Davos, where he explained why he sees a big ramp-up in activist investing ahead. Analyst Tim Nollen gives a preview of what to expect from Netflix earnings. Plus the latest on Meta, FTX, and the debt ceiling debate.
(11/15/22) [NOTE: This segment recorded before PPI for October was reported at +0.2%, vs the anticipated 0.4% increase] Markets were waiting for October's Producer Price Index report, expected to come down a bit as sings of economic slowing have been more apparent of late. Yesterday, Federal Reserve Vice-president Lael Brainard hinted the Fed could be close to easing the pace of its rate hikes. Could this, coupled with the cooler inflation number this morning, provide a boost to stocks? The current rally is a bit long in the tooth, continuing now to set lower highs. Hopes that the Fed will pivot, however, is not a great position to be in, so we're recommending once again using any rally to rejigger portfolios to minimize risk. That risk being, all of the previous rate hikes this year showing up in the economy next year. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=611sSZdQnlk&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #PPI #Inflation #FederalReserve #RateHikes #20DMA #50DMA #100DMA #Risk #Markets #Money #Investing
George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest of the podcast, and he rejoins David on Macro Musings once again to discuss their top three articles from the past few weeks related to macroeconomics and monetary policy. Specifically, David and George talk about Jerome Powell's recent criticism of nominal GDP targeting, Lael Brainard's recent comments regarding FedNow and real-time payments, the debate surrounding the Fed's campaign against inflation, and a lot more. Transcript for the episode can be found here. George's Twitter: @GeorgeSelgin George's Cato profile David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *A Conversation Between Federal Reserve Chair Jerome Powell and Peter Goettler* via the Cato Institute *The Return of Inflation Makes Deficits More Dangerous* by Greg Ip *Jerome Powell's Dilemma: What if the Drivers of Inflation Are Here to Stay?* by Nick Timiraos *Primer: What is a Real-time Payments System, and Who Should Operate it?* by Thomas Wade *Facts, Fears, and Functionality of NGDP Level Targeting* by David Beckworth *Anchors Aweigh: The Transition from Commodity Money to Fiat Money in Western Economies* by Angela Redish
Stocks kicked off the week on shaky footing following a big selloff over the past few sessions, and ahead of key inflation data on Thursday. Markets moved on comments from Fed officials, including vice chair Lael Brainard, and on a warning from Jamie Dimon about the pain yet to come. Sahak Manuelian from Wedbush breaks down the latest signals from the central bank and how they factor into his strategy. Bernstein's Toni Sacconaghi discusses more weakness for tech, and his outlook for Tesla after the company turned in its worst week in years. The president of Dow component Honeywell talks about how global macro concerns are impacting his business. Plus the latest on the pullback in chips, cloud stocks, GM, and Ford.
The Federal Reserve is on track to deliver an instant payment service called FedNow between May and July 2023, the central bank's clearest timeline yet for a new system enabling settlement of U.S. payments in seconds. “The FedNow Service will transform the way everyday payments are made throughout the economy, bringing substantial gains to households and businesses through the ability to send instant payments at any time on any day, and the funds being immediately available to recipients to make other payments or manage cash flow efficiently,” Fed Vice Chair, Lael Brainard, said in a speech Monday.
ECB policy makers are expected to hike by a record-breaking 75bps to combat inflation amid sky-rocketing utility prices. U.S. equities are in the green and crude prices bounce back following the Fed's Lael Brainard insisting the central bank must hold its nerve in containing inflation. The dollar is at a 24-year high against the yen. New UK leader Liz Truss attends her first Prime Minister's Questions as sterling sinks to its lowest level since 1985. The EU is proposing a price cap on Russian gas in order to mitigate the energy crisis facing the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's blockchain and cryptocurrency news Brought to you by jam.ai (www.jam.ai) Bitcoin is up slightly at $19,329 Ethereum is up slightly at $1637 and Binance Coin down slightly at $278 Mysten Labs secures $300M in Series B GameStop partners with FTX.US NBA partners with Sorare Coinberry files suit against users over BTC. Voyager will auction assets Lael Brainard says crypto industry needs new regulations.
Did the Fed's Lael Brainard just open the door – ever so slightly – for an end to the rate hikes and the beginning of a bigger rally? Bryn Talkington of Requisite Capital gives her take. Plus, will Apple's big product event get the stock moving higher in the months ahead? All-star panel of Jason Snipe from Odyssey Capital and Alex Kantrowitz of Big Technology break down what they're seeing for the tech giant. And, market expert Mike Santoli digs in on today's rally in his Last Word.
George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. He is also the most frequent guest on Macro Musings, now appearing for his 12th time. In this episode, George and David identify and discuss their top three articles from the past few weeks related to macroeconomics and monetary policy. Specifically, George and Selgin discuss Lael Brainard's recent speech defending the Fed's prospects of issuing central bank digital currency, Janet Yellen's concession about the path that inflation has taken, the governmental accounting of Federal Reserve losses and whether they amount to a net taxpayer burden, why the Dollar remains firm as the dominant currency in global markets, how an orthodox corridor system defaults into a floor system during times of crisis, and much more. Transcript for the episode can be found here. George's Twitter: @GeorgeSelgin George's Cato profile David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *No, Fed, Unrealized Losses are Real Losses for Taxpayers* by Bill Nelson *Preparing for the Financial System of the Future* speech by Lael Brainard at the 2022 U.S. Monetary Policy Forum *What if the Federal Reserve Books Losses Because of its Quantitative Easing?* by Willam B. English and Donald Kohn *From Burns to Powell*, a Macro Musings podcast episode with Guest Donald Kohn and host David Beckworth *Treasury Secretary Concedes She Was Wrong on 'Path That Inflation Would Take'* By Kevin Liptak and Paul LeBlanc *How Monetary Policy Got Behind The Curve And How To Get Back: A Policy Conference* Hoover Institution, Stanford University *Jack Dorsey is Wrong. The Dollar is Still a Global Reserve Currency* by Mark Copelovitch *A Model of Credit, Money, Interest, and Prices* by Saki Bigio and Yuliy Sannikov
The May jobs report is out, and labor force participation is up–but is the news all positive? HPS Partner Matt McDonald joins Tony, John, and Brendan to discuss the ongoing labor market recovery from the pandemic and its implications for the Fed's efforts to control inflation. Plus, the group breaks down Lael Brainard's latest comments on the likelihood of a September rate hike pause, recession fears, and more.Read MPP's latest Five Minute Macro report here.Read HPS' jobs day fact sheet here.
Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull this off. In this episode, he explains exactly why balance sheet reduction is doomed to fail. You can visit the show notes page here: https://bit.ly/3jgtyIL You can visit the show notes page here: bit.ly/3uLtshI Tune in to the Friday Gold Wrap each week for a recap of the week's economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.
In this episode of WealthVest: The Weekly Bull & Bear, Drew and Grant discuss Lael Brainard's comments, the March job report, how households are adjusting to inflation, American concerns about a recession, the price of diesel, strategic oil reserves and the defense production act being invoked for EV battery materials. WealthVest – based in Bozeman, MT, and San Francisco, CA – is a financial services marketing and distribution firm specializing in fixed and fixed index annuities from many high-quality insurance companies. WealthVest provides the tools, resources, practice management support, and products that financial professionals need to provide their clients a predictable retirement that has their best interest in mind.Hosts: Drew Dokken, Grant CollinsAlbum Artwork: Sam YarboroughShow Editing and Production: Tavin DavisDisclosure: The information covered and posted represents the views and opinions of the hosts and does not necessarily represent the views or opinions of WealthVest. The mere appearance of Content on the Site does not constitute an endorsement by WealthVest. The Content has been made available for informational and educational purposes only. WealthVest does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Content.WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. Investment and investing involves risk, including possible loss of principal. See acast.com/privacy for privacy and opt-out information.
Bond market continues getting beaten up. Lael Brainard spooks the markets with sudden hawk talk. When you live in a glass White House, don't throw stones. Sanctions created a bottom and bull market for the Russian ruble. Join me and other world class speakers on the Traders Summit live online conference 8th-10th April! Register FREE here with one click: https://tradersummit.net/event-2022/?ref=1012 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff
(4/6/22) The Fed's Lael Brainard is calling for a faster run-off of its balance sheet in a more rapid application of quantitative tightening; this will not create any more inventory, but will reduce buyers. Margin Calls and the problem with bailouts; why the weak should be allowed to fail. The ferocity of downward trends; the conundrum of margins in commodity markets. How liquidity kills you quickly. Watch for the Fed to return to QE. Will the markets' reflexive rally remain? Catalysts & Concerns; playing the conservative game, waiting for markets to say which way they'll go. SEG-1: Lael Brainard's Rapid-er Run-off of Fed Balance Sheet SEG-2: The Problem with Bailouts SEG-3: Could Commodities be The Next Big Thing? SEG-4: Catalysts & Concerns: Which Way Will Markets Go? Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=P2youIddsfQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Our Latest "Three Minutes on Markets & Money: Where Will Markets Go in April?" https://www.youtube.com/watch?v=QSsHJmmJhHM&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=4s -------- Our previous show, "Anatomy of a Bear Market" is here: Where Will Markets Go in April? -------- Articles mentioned in this podcast: https://realinvestmentadvice.com/gold-or-rubles-a-pickle-worth-exploring https://realinvestmentadvice.com/bailouts-and-the-demise-of-capitalism-and-free-markets/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #LaelBrainard #FederalReserve #QuantitativeEasing #Tapering #ElonMusk #Twitter #Commodities #Liquidity #Margins #Markets #Money #Investing
4/6/22) Tuesday's market sell-off was not too surprising, as markets retraced from over-sold positions to "over-boughtedness." As markets open down this morning, the 50-DMA will be challenged--and that needs to hold, at least for the moment. Even though markets are currently over-sold, a very clear sell-signal remains. Two choices beckon: either trade along the 50-DMA for a few days, working off the over-bought condition; or, violate the 50-DMA, and re-test previous lows. Either outcome will reduce the over-bought conditions. Meanwhile, Bonds remain under pressure, thanks to the Fed's Lael Brainard's recent comments about a need to taper the Fed's balance sheet more quickly. Bonds are over-sold, and holding onto support at recent lows. As market weakness continues, don't be surprised by some correctional action in the stock market, generating some buying into the bond market. -------- Articles mentioned in this report: https://realinvestmentadvice.com/bear-squeeze-or-return-of-the-bull/ -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=EfGDBry9KtM&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestme... https://www.linkedin.com/in/realinves... #MarketRally #MarketCorrection #FederalReserve #RateHike #QuantitativeEasing #Tapering #Markets #Money #Investing
((4/6/22) The Fed's Lael Brainard is calling for a faster run-off of its balance sheet in a more rapid application of quantitative tightening; this will not create any more inventory, but will reduce buyers. Margin Calls and the problem with bailouts; why the weak should be allowed to fail. The ferocity of downward trends; the conundrum of margins in commodity markets. How liquidity kills you quickly. Watch for the Fed to return to QE. Will the markets' reflexive rally remain? Catalysts & Concerns; playing the conservative game, waiting for markets to say which way they'll go. SEG-1: Lael Brainard's Rapid-er Run-off of Fed Balance Sheet SEG-2: The Problem with Bailouts SEG-3: Could Commodities be The Next Big Thing? SEG-4: Catalysts & Concerns: Which Way Will Markets Go? Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=P2youIddsfQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Our Latest "Three Minutes on Markets & Money: Where Will Markets Go in April?" https://www.youtube.com/watch?v=QSsHJmmJhHM&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=4s -------- Our previous show, "Anatomy of a Bear Market" is here: Where Will Markets Go in April? -------- Articles mentioned in this podcast: https://realinvestmentadvice.com/gold-or-rubles-a-pickle-worth-exploring https://realinvestmentadvice.com/bailouts-and-the-demise-of-capitalism-and-free-markets/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #LaelBrainard #FederalReserve #QuantitativeEasing #Tapering #ElonMusk #Twitter #Commodities #Liquidity #Margins #Markets #Money #Investing
Some hawkish words from a usually dovish Fed Governor, with Lael Brainard saying inflation is much too high, and the Fed may have to get even more aggressive. We'll look at the fallout as rates rise. Plus, Elon Musk is joining the Board of Twitter, just a day after disclosing his stake in the company. We'll speak with an analyst who's downgrading the stock despite it soaring 30% in 2 days. And, we'll get a trader's take on 4 major stocks – 3 to buy here, and one to avoid -- just as earnings season heats up and the yield curve inverts in “3 Buys & A Bail.”