Reporters ask Trump about firing labor stats chief over jobs numbers
President Donald Trump has fired Dr. Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, whom he accused, without evidence, of manipulating the monthly jobs reports for 'political purposes.'
00:35 - Source: CNN
Will President Trump release the Epstein files?
CNN's Paula Reid explains the latest information on whether President Trump will release the Epstein files after the Trump administration backtracked on its promise to release additional materials in the investigation.
01:30 - Source: CNN
GOP candidate deflects direct questions on past Trump comments
CNN's Manu Raju presses Lt. Gov. Winsome Earle-Sears, the GOP nominee for Virginia governor, on critical comments she's made in the past about President Donald Trump, who has yet to endorse her campaign.
02:55 - Source: CNN
Corp. for Public Broadcasting to shutter after Trump funding cuts
The Corporation for Public Broadcasting announced that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. CNN's Brian Stelter reports.
01:45 - Source: CNN
Smithsonian removes reference to Trump impeachment
The Smithsonian's National Museum of American History last month removed a board that referenced President Donald Trump's two impeachments from an exhibit on the American presidency.
01:15 - Source: CNN
The politics behind Trump's historic tariffs
President Trump has announced historic US tariffs on countries across the globe. CNN's Kevin Liptak breaks down Trump's motives for imposing the new trade deals.
01:30 - Source: CNN
Three things to know about Trump's new tariffs
President Trump has announced a slew of new tariffs on America's trading partners. But what does that really mean for US consumers, and America's relationships with its allies? And will these new measures be implemented at all? CNN's Anna Cooban explains.
01:34 - Source: CNN
GOP lawmaker faces raucous crowd in Wisconsin
Republican Rep. Bryan Steil faced tough questions and booing by attendees of a town-hall style event in Wisconsion. Audience members confronted Steil on topics including the economy, immigration policy, and the war in Gaza.
02:08 - Source: CNN
Biden warns country is facing 'dark days' under Trump
During the National Bar Association's annual gala in Chicago, former President Joe Biden warned that the country is facing 'dark days' under President Donald Trump's watch, saying the executive branch 'seems to be doing its best to dismantle the Constitution.'
01:12 - Source: CNN
Harris gives Colbert her first interview since losing election
Former Vice President Kamala Harris reflected on her decision not to pursue a gubernatorial run in California, citing systemic dysfunction, while speaking in an interview on "The Late Show with Stephen Colbert."
00:44 - Source: CNN
Virginia Giuffre family's message to Trump about Ghislaine Maxwell pardon
CNN's Kaitlan Collins speaks with the family of late Virginia Giuffre, one of Jeffrey Epstein's sex-trafficking accusers, about their response to President Trump potentially pardoning Ghislaine Maxwell.
00:50 - Source: CNN
Kerrville mayor admits to missing emergency briefing call
CNN's Shimon Prokupecz speaks with Kerrville Mayor Joe Herring Jr. about not seeing emails regarding an emergency preparation call before the deadly July 4 floods.
01:47 - Source: CNN
$200 million 'Trump-style' ballroom coming to the White House
Construction for a new ballroom on the White House campus will begin in September on a $200 million, 90,000-square-foot ballroom, fulfilling a 15-year ambition by President Trump to construct an event space on the White House grounds that expands the building's entertaining capacity.
01:16 - Source: CNN
Trump's tariff deadline looms over world economy
President Trump's self-imposed midnight deadline is rapidly approaching for countries to strike a trade framework with the United States or face significantly higher tariffs. In a new development today, President Donald Trump announced a 90-day pause on higher tariffs on Mexico.
01:26 - Source: CNN
Trump's tariffs might make coffee in the US more expensive
CNN's Isa Soares examines Trump's proposed tariffs on Brazil, and how it may impact coffee prices once they go into effect.
01:34 - Source: CNN
US diminished a key weapons stockpile fighting Iran
The US used about a quarter of its supply of high-end missile interceptors during the Israel-Iran war, exposing a gap in supplies, and raising concerns about US global security posture. CNN's Tamara Qiblawi reports.
01:35 - Source: CNN
Education Dept. resumes collecting student loans in default
The Department of Education will start sending federal student loans in default to collections again, ending a pandemic-era pause that began roughly five years ago. CNN's Sunlen Serfaty explains what you need to know.
01:42 - Source: CNN
Democrats cite arcane law in letter demanding Epstein files
CNN congressional correspondent Lauren Fox explains how a law from the 1920s could help Senate Democrats on the Homeland Security Committee access to the Epstein files.
01:31 - Source: CNN
Tapper presses Pelosi on Trump's insider trading allegations
CNN's Jake Tapper spoke to former House Speaker Rep. Nancy Pelosi (D-CA), who reacted to President Donald Trump accusing Pelosi and her husband of insider trading, calling the allegation "ridiculous."
01:08 - Source: CNN
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Trump's tariffs and the tax bill are splitting the stock market. Here's the playbook for investors, according to Morgan Stanley.
Trump's policies are splitting the stock market, Morgan Stanley says. The bank said it believes Trump's tariffs and tax bill are splitting parts of the market in half. It says there are a handful of things for investors to look for when deciding where to put their money. President Donald Trump's policies are splitting the market into distinct camps, Morgan Stanley says. Lisa Shalett, the chief investment officer of the bank's wealth management arm, pointed to the effects of Trump's tax bill and his sweeping tariffs in a recent podcast. "Now, as the impacts of the tax reform bill and global tariff implementation begin to roll through the economy, we sense that yet another series of great divides are opening up," Shalett said. Here are the splits that are emerging: 1. Consumer-facing businesses vs. B2B businesses Businesses that sell directly to consumers are more impacted by any potential weakening fo household balance sheets, a risk that business-to-business firms are less worried about. Market pros believe that tariffs could weaken consumers' spending power, as companie can pass along the cost of import duties by raising prices. Shalett added that those pressures are coming at an already critical time for consumers, pointing out that more Americans are falling behind on credit card and auto loan payments. The job market is also flashing signs of weakness, with payrolls in May and June seeing a large downward revision, while job growth for the month of July was below expectations. A weaker labor market often leads to a pullback in consumer spending. 2. Multinational exporters vs. importers Multinational exporters outside of the consumer space are facing "fewer external barriers" to sending products abroad, Shalett said, suggesting they were more shielded from the trade war. Those firms are also benefitting from a weaker US dollar, which is making their products more attractive to foreign customers, Shalett added. Multinational firms are also typically more capital- and research & development-intensive, she said. That also positions them to benefit more from the tax benefits outlined in the "One Big Beautiful Bill," which creates favorable tax treatment for domestic R&D costs. "So, with this new structural division emerging, global stock selection is more important now than ever," Shalett said. Here are some characteristics of the companies investors should be leaning toward, in Shalett's view: Multinational non-consumer exporters. Tailwinds for these companies should continue, Shalett said. Select tech, financials, industrials, energy, and healthcare stocks. Stocks in these areas could benefit from some of the policies included in Trump's tax bill, which could lead to upside surprises in earnings and cash flow. Stocks that aren't "overhyped." International stocks, commodities, and energy infrastructure. Companies in these areas could help an investor diversify their portfolio, she added. Sentiment has shifted slightly more bearish in the last week, with Trump doubling down on tariff threats and markets digesting weaker-than-expected economic data. Goldman Sachs, Evercore ISI, Stifel, Pimco, and HSBC are among the firms that have recently flagged the risk of a stock correction or advised investors to rethink their portfolio allocations. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
14 minutes ago
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The president doubled down on his claim that the issue was a Democratic 'hoax' with an added expletive.
Vice President JD Vance has denied hosting a strategy dinner to discuss the Epstein crisis as Donald Trump dismissed the ongoing scandal as 'bulls--t.' Hours after reports emerged that Vance was expected to meet on Wednesday night with top Trump officials to coordinate a plan to deal with the ongoing firestorm over sex trafficker Jeffrey Epstein, the vice president rebuked the story as 'fake news.' The denial came during an Oval Office event with Apple chief executive Tim Cook, where Trump touted billions of dollars of new investment from the tech company.
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GOP Rep. Mocks Party's Hypocrisy Over Texas Gerrymandering Chaos
In a brutal tweet post on Wednesday, one Republican member of Congress has called out his own party's hypocrisy in blasting Texas Democrats for leaving their state. Dozens of Democrats left Texason Monday to deny Texas Republicans a quorum to vote on a newly gerrymandered map that would add five Republican-leaning seats to the House of Representatives. But where a lot of Republicans saw opportunity, Rep. Thomas Massie (R-Ky.) saw hypocrisy — especially since House Speaker Mike Johnson (R-La.) suddenly canceled House votes last month and sent lawmakers home early for five weeks to avoid a vote on releasing files connected to sex offender Jeffrey Epstein, a former friend of President Donald Trump. Despite Johnson's very public efforts to sweep the scandal under the rug, Massie and Rep. Ro Khanna (D-Calif.) have introduced a bipartisan resolution calling for the release of files. After Republicans criticized Texas Democrats who left their state to prevent the passage of a gerrymandered map, Massie apparently wondered why they were OK with lawmakers ditching Washington, D.C., to avoid a vote on a topic Trump has tried to downplay. Massie made his thoughts known on social media with a tweet that compared 'Democrats leaving Texas to protect their district' to 'Republicans leaving D.C. to protect the Epstein files,' with Johnson's head superimposed over the image of a driver in a car meant to represent Republicans. Some people saw Massie's post as a sign that he was just a D-D-Democrat in Republican clothes. But Massie pointed out just how conservative he is in his response. Related... Texas Democrats Evacuate After Bomb Threat At Chicago Hotel Mike Johnson Shuts Down House Early To Block Vote On Jeffrey Epstein Files Rising Dem Star Talks Texas Gerrymandering Chaos: 'You Don't Beat A Bully By Playing Dead' Obama Slams Texas GOP's Gerrymandering Plot As 'Power Grab'
