Trump's tariffs are coming March 4th…or are they?
On episode 808 of WHAT THE TRUCK?!? Dooner is talking about Trump's tariffs on Mexico and Canada that are set to begin on March 4. Will they happen and will reciprocal tariffs happen in April? We get into the latest news on the trade war.
The World Trade Bridge is celebrating its 25th anniversary and we're celebrating it with Port Laredo. Kent Richard smartens us up on how this crucial gateway works.
Truck Parking Club has been scaling rapidly and building an all-star team. Brent Hutto jumped ship from Truckstop to Truck Parking Club early this week and we'll find out why he made the big move. We'll also get into the road to the Mid-America Trucking Show where we're teaming up.
What FreightTech trends will dominate logistics and trucking in 2025? Trigent Software's Nagendra Rao breaks down their latest report.
Plus, is it a good idea to get drunk in a semi truck trailer?
Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel 146.
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San Francisco Chronicle
11 minutes ago
- San Francisco Chronicle
Trump signs measure blocking California's ban on new sales of gas-powered cars
WASHINGTON (AP) — President Donald Trump signed a resolution on Thursday that blocks California's first-in-the-nation rule banning the sale of new gas-powered cars by 2035. The move is expected to become the state's latest legal challenge with the federal government. The resolution was approved by Congress last month and aims to quash the country's most aggressive attempt to phase out gas-powered cars. Trump also signed measures to overturn state policies curbing tailpipe emissions in certain vehicles and smog-forming nitrogen oxide pollution from trucks. Trump called California's regulations 'crazy' at a White House ceremony where he signed the resolutions. 'It's been a disaster for this country,' he said. It comes as the Republican president is mired in a clash with California's Democratic governor, Gavin Newsom, over Trump's move to deploy troops to Los Angeles in response to immigration protests. It's the latest in an ongoing battle between the Trump administration and heavily Democratic California over issues including tariffs, the rights of LGBTQ+ youth and funding for electric vehicle chargers. The three resolutions Trump signed will block California's rule phasing out gas-powered cars and end the sale of new ones by 2035. They will also kill rules that phase out the sale of medium- and heavy-duty diesel vehicles and cut tailpipe emissions from trucks. In his remarks at the White House, Trump expressed doubts about the performance and reliability of electric vehicles, though he had some notably positive comments about the company owned by Elon Musk, despite their fractured relationship. 'I like Tesla,' Trump said. In remarks that often meandered away from the subject at hand, Trump used the East Room ceremony to also muse on windmills, which he claimed 'are killing our country,' the prospect of getting electrocuted by an electric-powered boat if it sank and whether he'd risk a shark attack by jumping as the boat went down. 'I'll take electrocution every single day," the president said. When it comes to cars, Trump said he likes combustion engines but for those that prefer otherwise, 'If you want to buy electric, you can buy electric.' 'What this does is it gives us freedom,' said Bill Kent, the owner of Kent Kwik convenience stores. Kent, speaking at the White House, said that the California rules would have forced him to install 'infrastructure that frankly, is extremely expensive and doesn't give you any return.' The Alliance for Automotive Innovation, which represents major car makers, applauded Trump's action. 'Everyone agreed these EV sales mandates were never achievable and wildly unrealistic,' John Bozzella, the group's president and CEO, said in a statement. Newsom, who is considered a likely 2028 Democratic presidential candidate, and California officials contend that what the federal government is doing is illegal and said the state plans to sue. 'If it's a day ending in Y, it's another day of Trump's war on California,' Newsom spokesperson Daniel Villaseñor said in an email ahead of Trump's signing. 'We're fighting back.' California's attorney general is expected to speak at a news conference Thursday morning. The signings come as Trump has pledged to revive American auto manufacturing and boost oil and gas drilling. The move follows other steps the Trump administration has taken to roll back rules that aim to protect air and water and reduce emissions that cause climate change. The Environmental Protection Agency on Wednesday proposed repealing rules that limit greenhouse gas emissions from power plants fueled by coal and natural gas. Dan Becker with the Center for Biological Diversity, said the signing of the resolutions was 'Trump's latest betrayal of democracy.' 'Signing this bill is a flagrant abuse of the law to reward Big Oil and Big Auto corporations at the expense of everyday people's health and their wallets,' Becker said in a statement. California, which has some of the nation's worst air pollution, has been able to seek waivers for decades from the EPA, allowing it to adopt stricter emissions standards than the federal government. In his first term, Trump revoked California's ability to enforce its standards, but Democratic President Joe Biden reinstated it in 2022. Trump has not yet sought to revoke it again. Republicans have long criticized those waivers and earlier this year opted to use the Congressional Review Act, a law aimed at improving congressional oversight of actions by federal agencies, to try to block the rules. That's despite a finding from the U.S. Government Accountability Office, a nonpartisan congressional watchdog, that California's standards cannot legally be blocked using the Congressional Review Act. The Senate parliamentarian agreed with that finding. California, which makes up roughly 11% of the U.S. car market, has significant power to sway trends in the auto industry. About a dozen states signed on to adopt California's rule phasing out the sale of new gas-powered cars.


Bloomberg
12 minutes ago
- Bloomberg
Investor Anxiety Over ‘Revenge Tax' Is Overblown, Barclays Says
A controversial provision in President Donald Trump's tax-and-spending bill aimed at penalizing countries with 'unfair' tax regimes is unlikely to disrupt US bond and stock markets, according to Barclays Capital. Dubbed a 'revenge tax' by the finance community, Section 899 of the budget bill calls for increasing levies for individuals and companies whose home countries' tax policies the US deems 'discriminatory.' The proposal – which received House approval in May and is now under consideration in the Senate as part of the so-called One, Big Beautiful bill — has raised concerns on Wall Street that it may drive away foreign investors at a time when their confidence in US capital markets has already been shaken by the Trump administration's policies.
Yahoo
12 minutes ago
- Yahoo
Oracle stock touches all-time high after earnings beat
Oracle stock (ORCL) jumped 14% on Thursday to touch an all-time high of $202.44 after the company's fiscal fourth quarter results topped Wall Street's expectations. Oracle's adjusted revenue of $15.9 billion was ahead of the projected $15.6 billion, while its earnings per share of $1.70 surpassed the expected $1.64. The company raised its annual revenue forecast, as it expects strong demand for its AI cloud services. "What is clear is that more customers will use the Oracle database to leverage AI," CEO Safra Ada Catz told analysts in a call after the market close Wednesday. Catz said she expects the company's fiscal year 2026 revenue to hit 'at least $67 billion,' up from the prior guidance of $66 billion. Synovus vice president Dan Morgan told Yahoo Finance that Oracle is seen as a safer AI stock relative to its peers amid Trump's trade war. "They seem to be in a better position when we think of AI than, let's say, some of the chipmakers who are so reliant on manufacturing in China, in the Pacific Rim, who obviously would be devastatingly impacted by tariffs," Morgan said. Following the results, analysts at JPMorgan, Jefferies, UBS, Deutsche Bank, and other investment firms raised their price targets on the stock to as high as $240 on Thursday. 'Overall, we continue to respect Oracle's achievements in the AI arena while remaining mindful of valuation,' JPMorgan analyst Mark Murphy wrote in a note to investors Thursday morning. In his own note, Jefferies analyst Brent Thill observed that Oracle trades at 32 times its projected calendar year 2026 earnings, while Microsoft (MSFT) has a 2026 forward price-to-earnings ratio of 29. Thill has a Buy rating on Oracle stock and raised his price target on shares to $220 from $200. JPMorgan's Murphy, who also raised his price target to $185 from $135, holds a Neutral rating on the stock. Oracle's financial results had come in below expectations in the prior two quarters. "It's been a long wait for people who own the stock because ... [Oracle] missed the last two quarters, both on the top and the bottom line, despite the fact that they were booking an enormous amount of business," Citizens head of technology equity research Pat Walravens said on Market Domination Overtime. Oracle is set to invest $7 billion in the so-called Stargate AI project, according to Bloomberg, though the project has reportedly hit snags amid President Trump's trade war. 'So the reality is that Stargate is still in formation,' Catz said. The company's capital expenditure forecast for its 2026 fiscal year of $25 billion was ahead of Wall Street's estimate of $20 billion, and Catz said it 'may turn out to be understated.' 'We will build and operate more cloud infrastructure data centers than all of our cloud infrastructure competitors combined,' chairman Larry Ellison said on the call with analysts Wednesday. 'It is worth considering that the upward CapEx revision for FY26 is substantial, largely wiping out any positive FCF [free cash flow] Oracle would have otherwise produced,' JPMorgan's Murphy wrote. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Sign in to access your portfolio