
Fed Ponders If Tariff Hit Is Less, or Just Later, Than Expected
I'm Chris Anstey, an economics editor in Boston and today we're looking at the upcoming Fed policy meeting. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren't yet signed up to receive this newsletter, you can do so here.
Tuesday marked the 250th anniversary of the Battle of Bunker Hill, where an American officer ostensibly told the revolutionary forces not to fire against the British until the ' whites of their eyes ' were visible.

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Bloomberg
19 minutes ago
- Bloomberg
Trump on Possible Iran Strikes: I May, I May Not
President Donald Trump comments on possible US involvement in the Israel-Iran conflict while talking with reporters on the White House lawn ahead of a flag raising. (Source: Bloomberg)


News24
an hour ago
- News24
Elon Musk's X Corp sues to block New York social media transparency law
• Elon Musk's X Corp has filed a federal lawsuit against a New York state law 'Stop Hiding Hate Act' that requires social media companies to submit semi-annual reports on how they moderate hate speech and disinformation. • X argues the law violates the First Amendment by forcing platforms to disclose sensitive moderation practices. • The law targets companies with over $100 million in annual revenue, imposes $15 000 daily fines for violations. Elon Musk's X Corp has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation. The complaint, filed in a federal court in Manhattan, seeks to halt the law, which X argues violates the First Amendment by forcing platforms to disclose sensitive information about their content moderation practices. "Today, @X filed a First Amendment lawsuit against a New York law, NY S895B," X's Global Government Affairs team posted Tuesday, adding that it had successfully challenged a similar law in California. "X is the only platform fighting for its users by challenging the law, and we are confident we will prevail in this case as well," the company said. The New York law requires social media companies with more than $100 million in annual revenue to submit semi-annual reports detailing how they define and moderate hate speech, racism, extremism, disinformation and harassment. Companies face fines of $15 000 per day for violations, which can be sought by the attorney general's office. X says the law is "an impermissible attempt by the State to inject itself into the content-moderation editorial process" and seeks to pressure platforms into restricting constitutionally protected speech. The lawsuit comes after X successfully challenged a nearly identical California law last year, according to the filing. New York's law is "a carbon copy" of the California provisions that were struck down, the filing adds. X claims New York lawmakers refused to discuss changes to the bill after the California ruling, with sponsors saying they declined to meet because of content on X promoted by owner Musk that "threatens the foundations of our democracy." READ | Musk's X sues to block California anti-hate speech law The company argues this indicated "viewpoint discriminatory motives" behind the law's passage. Senator Brad Hoylman-Sigal and Assembly member Grace Lee - who introduced the law - said in a statement that their act "does not infringe upon the First Amendment rights of social media companies, nor does it conflict with federal law". "Instead, the Stop Hiding Hate Act requires narrowly tailored disclosures by social media companies to allow consumers to better decide which social media platforms they utilise," they added. "The fact that Elon Musk would go to these lengths to avoid disclosing straightforward information to New Yorkers as required by our statute illustrates exactly why we need the Stop Hiding Hate Act."


CNN
an hour ago
- CNN
Tucker Carlson confronts Ted Cruz about Iran
Tucker Carlson confronts Ted Cruz about Iran The GOP is divided on the US' involvement in the Iran-Israel conflict. Former Fox News Anchor, Tucker Carlson and Sen. Ted Cruz (R-TX) got into a heated exchange during an interview about the tensions. 01:17 - Source: CNN Zohran Mamdani responds to NYT not endorsing candidate CNN's Kaitlan Collins talks with New York City mayoral candidate Zohran Mamdani about the New York Times editorial board's decision not to endorse a candidate in the race. 02:06 - Source: CNN Journalist live-streamed his arrest by ICE during protest Salvadoran journalist, Mario Guevara live-streamed his arrest by ice agents during a "No Kings' protest in Atlanta, and is still being held on an immigration detainer. Guevara's attorney, Giovanni Díaz, said Guevara has a "permit" to work in the United States, but he does not have a Green Card. In a press conference, Díaz declined to specify under which immigration status or program Guevara is protected. 01:57 - Source: CNN This is how the US could get involved in the Israel-Iran conflict CNN's Nick Paton Walsh reports on how the US could get involved in the conflict between Israel and Iran while the countries continue trading strikes for a sixth day, with civilians in flashpoint areas facing waves of attacks. 02:14 - Source: CNN NYC mayoral candidate arrested at immigration court New York City Comptroller and mayoral candidate Brad Lander was released from federal custody Tuesday afternoon, hours after he was arrested by officers at an immigration court in Manhattan when he tried to escort a migrant whom officers were attempting to arrest. 01:48 - Source: CNN Trump disputes intel chief Tulsi Gabbard on Iran President Donald Trump disputed his own director of national intelligence, Tulsi Gabbard, on how developed Iran's nuclear capabilities are and said Iran was on the verge of obtaining a nuclear weapon when Israel struck in recent days. 00:26 - Source: CNN Trump open to assisting Israel in conflict with Iran CNN's Kaitlan Collins gives the latest reporting on the White House debating whether to intervene in the Israel-Iran conflict. 00:58 - Source: CNN Trump's new phone looks a lot like one from China The Trump Organization says its upcoming T1 smartphone will be 'proudly designed and built in the United States.' But experts tell CNN they're skeptical that goal can be achieved-- and say the T1's specifications are strikingly similar to a Chinese-made phone already on the market. 01:07 - Source: CNN Why Kool-Aid and Jell-O are getting a makeover Nearly two months after the US Food and Drug Administration announced plans to work with the food industry to phase out petroleum-based synthetic dyes, one major company says it will begin to comply. 01:40 - Source: CNN Trump tells CNN reporter why he left G7 As President Donald Trump returns to the United States after leaving the G7 summit early, he took questions from journalists aboard Air Force One. Watch his answer to CNN's Chief White House correspondent Kaitlan Collins' question on why he left early. 00:44 - Source: CNN Trump's sons announce mobile phone company Trump Mobile, a wireless service created by the Trump Organization, aims to rival US carrier companies like AT&T, Verizon and T-Mobile. The Trump Organization, run by President Donald Trump's eldest sons Eric and Donald Jr., announced the business and launched a new gold smartphone for pre-order. 01:09 - Source: CNN Ex-Israeli Defense Minister's message to Trump Benny Gantz, Chairman of Israel's National Unity Party, and the former Minister of Defense speaks to CNN's Anderson Cooper following Israel's attack on Iran. 01:08 - Source: CNN Minnesota suspect went to 4 state lawmaker homes night of shootings The suspect in the killing of a Minnesota lawmaker and her husband in addition to the shooting of another lawmaker and his wife also visited two more politicians' homes, according to authorities. 02:08 - Source: CNN Trump slams G7 for kicking out Russia President Donald Trump kicked off his visit to the G7 summit in Canada by criticizing nations for kicking out Russia eleven years ago. 00:36 - Source: CNN CNN's Wolf Blitzer asks Herzog why Israel struck Iran now The deadly conflict between Israel and Iran continues as the IDF says it destroyed more than 120 of Iran's missile launchers, which it said is about a third of its total. Israeli President Isaac Herzog speaks with CNN about why Israel struck Iran now. 00:46 - Source: CNN Minnesota Senator: Rise in political threats 'out of hand' Sen. Amy Klobuchar spoke out against online threats aimed at lawmakers following the shooting deaths of State Rep. Melissa Hortman, the leading Democrat in the Minnesota House, and her husband. Gov. Tim Walz described the incident as a 'politically motivated assassination' and said the same individual shot Democratic State Sen. John Hoffman and his wife, both of whom survived. 01:25 - Source: CNN Trump praises US Army during military parade 01:13 - Source: CNN Trump presides over military parade CNN's Kristen Holmes reports as soldiers, tanks and fighting vehicles paraded through the streets of Washington, DC, to celebrate the US Army's 250th anniversary. 00:31 - Source: CNN