BlackRock Sees US Stocks Getting Their Mojo Back
On the new episode of Trumponomics: What happens when US economic data can't be trusted? With President Donald Trump firing independent regulators and killing off advisory committees, David Wilcox, director of US economic research for Bloomberg Economics, and Molly Smith, editor on the US economy, discuss why reliable data is at risk. Listen on Apple, Spotify, or wherever you get your podcasts.
A recurring question in markets this year has been whether US exceptionalism is well and truly over. It's sure seemed that way at times— stock indexes in Europe have been outperforming US benchmarks, while Chinese tech shares have soared even as the once-hot Magnificent Seven stumbled.
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US-China trade, inflation, Apple's big event: Here's what the stock market is watching this week
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This was the 'biggest surprise' of Apple WWDC, and it isn't AI
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12 minutes ago
Amid LA protests, what officials say about the rules of force for National Guard, Marines
The Marines and the National Guard personnel deployed amid the protests in to Los Angeles will operate under the same rules of force and will not be engaging crowds, according to two U.S. officials. That means they are tasked with protecting federal buildings and federal personnel only -- they will not patrol U.S. streets or try to detain protesters to assist police, the officials said. While all the troops are carrying weapons, their guns will not have ammunition loaded in the chamber, officials said, but will carry ammunition as part of their regular uniforms that can be used in the rare case of needed self-defense. They will not use rubber bullets or pepper spray, either, they said. The officials noted these rules would change if President Donald Trump invokes the Insurrection Act, which he has not done. The rules of force the personnel are operating under call for them to de-escalate any incidents as much as possible. The Marines and Guard troops being sent to Los Angeles are being led by Army Maj. Gen. Scott Sherman, who is deputy commander of U.S. Army North, officials said. In total, there are 2,800 troops operating under Title 10 status: 2,100 of them National Guard soldiers and 700 active-duty Marines. Title 10 of the U.S. Code contains a provision that allows the president to call on federal service members when there "is a rebellion or danger of rebellion against the authority of the Government of the United States" or when "the President is unable with the regular forces to execute the laws of the United States." The deployment of the 700 Marines was to ensure "adequate numbers of forces to provide continuous coverage" of the area, according to U.S. Northern Command.
