'I imagine she has consultants, maybe they're on vacation': Nicolle Wallace on Joni Ernst's apology
Mitch Landrieu, Former Mayor of New Orleans and Sarah Longwell, Publisher for The Bulwark join Nicolle Wallace on Deadline White House with reaction to Sen. Joni Ernst of Iowa doubling down on her controversial defense of Trump's domestic agenda, and how it shows how unserious Trump's Republican defenders in congress are about taking care of their constituents.
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Treasury Yields Slide as ADP Data Flash Signs of Softening Jobs
(Bloomberg) -- Treasury yields slid on Wednesday as a fresh dose of data on the health of the US labor market signaled more softening, emboldening traders' view that the Federal Reserve will resume cutting interest rates later this year. The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending ICE Moves to DNA-Test Families Targeted for Deportation with New Contract NYC Residents Want Safer Streets, Cheaper Housing, Survey Says ADP Research data showed hiring decelerated to the slowest pace in two years in May, putting traders on alert that Friday's key non-farm payrolls figures could also show labor conditions weakening. The data drew a swift response from US President Donald Trump, stating in a social media post that the Fed needs to cut interest rates, a demand he's made before. The two-year Treasury yield — most sensitive to changes in Fed policy — fell as much as four basis points to a low of 3.91%. Rates on long-maturity US government debt saw the biggest declines, with the 30-year bond rate down six basis points at 4.92%. Swaps traders are pricing in two quarter-point interest rate reductions before the end of 2025, with the first move seen most likely coming in October. 'This is a leading indicator into what we think is going to happen in Friday payrolls,' Jim Caron, a chief investment officer at Morgan Stanley Investment Management, said on Bloomberg Television. 'It does make the Fed probably have to step up and look. The thing they are worried about the most is a softening in the jobs market.' Ahead of the Wednesday data, traders were ramping up bets that hedged against dramatic shifts in the Fed's rate path as questions about the economic impact of the Trump administration's evolving policies persist. Friday's figures are forecast to show employers added 130,000 new workers in May, a stepdown from the prior-month increase of 177,000. The unemployment rate is predicted to remain steady at 4.2%, according to a Bloomberg survey of economists. 'We are looking at the unemployment rate given it's more of a clear signal,' Molly Brooks McGown, US rates strategist TD Securities, said on Bloomberg Television. An upward move in the unemployment rate to 4.5% — from the current 4.2% — would see the 'Fed get more concerned,' Brooks McGown said. That would 'probably' make most investors more comfortable with the Fed stepping in, she said. --With assistance from Edward Bolingbroke and Michael Mackenzie. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Federal judge halts Florida's social media ban for kids
A federal judge has granted a preliminary injunction against Florida's HB 3, a law regarding youth and social media accounts. Chief U.S. District Judge Mark Walker in Tallahassee says in court documents obtained by FOX Business that the law is a violation of the First Amendment's protections on free speech. Walker's ruling on Tuesday sides with trade groups NetChoice and Computer and Communications Industry Association, putting HB 3 on hold until the litigation is resolved. "Today's ruling is yet another affirmation that the government cannot control or censor online speech. Like all Americans, Floridians have the right to access lawful speech without the government controlling what they say, share or see online," Chris Marchese, NetChoice Director of Litigation, said in a statement. Texas Bill Pushes Strictest Social Media Ban For Minors In The Nation "Lawmakers should focus on real, constitutional alternatives that respect both family autonomy and free speech," he continued. Read On The Fox Business App Jeremy Redfern, a spokesman for Republican Florida Attorney General James Uthmeier, whose office is defending the law, said in a statement obtained by Reuters that the "platforms do not have a constitutional right to addict kids to their products." Uthmeier's office plans to appeal it to the 11th U.S. Circuit Court of Appeals, he said. Snapchat 'Openly Defying' Law, Allowing Kids Access To Harmful, Addictive Content: Florida Ag HB 3 requires social media platforms to bar users under the age of 14 and requires users under 16 to get parental consent before opening an account. It was supposed to go into effect Jan. 1, but was put on hold due to litigation. NetChoice, which represents social media platforms, has won injunctions in recent months against similar laws in Utah and California that restricted the use of social media platforms by youths. Click Here To Read More On Fox Business In Tuesday's ruling, Walker said he appreciated that parents are concerned about their children's social media use, but that other, unchallenged provisions of the law offered them recourse. The industry groups did not address some parts of the law that directed social media companies to delete youth accounts at parental request. Reuters contributed to this report. Original article source: Federal judge halts Florida's social media ban for kids
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29 minutes ago
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US NATO ambassador: Ukraine's strikes on Russian warplanes highlight need to end war
US Ambassador to NATO Matthew Whitaker, commenting on Ukraine's special operation Pavytuna (Spider's Web), has stated that the Russo-Ukrainian war must end, describing this as the goal of President Donald Trump. Source: European Pravda Details: Whitaker made these remarks on Tuesday 3 June during an online conversation with reporters ahead of a NATO defence ministers' meeting in Brussels. He stated that the "war needs to come to an end" and President Trump "feels very strongly about that". "Thousands of people, including civilians, are dying and the cost is very high on both sides. President Trump wants this war to end," Whitaker said, directly assessing Ukraine's strikes on Russian strategic aircraft. Whitaker noted that a military solution cannot end the war; a diplomatic approach is required. "It has to be a negotiated resolution and both sides need to come to the table and resolve this," the US ambassador said. Background: Trump's special envoy for Ukraine, Keith Kellogg, said that Ukraine has raised the level of risk in the war with Russia by conducting Operation Spider's Web, although he acknowledged the operation's boldness. US Senator Richard Blumenthal compared Ukraine's recent drone strikes on military facilities deep inside Russian territory to the operation that eliminated "terrorist number one" Osama bin Laden. Support Ukrainska Pravda on Patreon!
