Trump being ‘destructive and reckless' with tariffs, doesn't understand consequences: Fmr. GOP Rep.
President Donald Trump declined to rule out a recession as his trade war escalates. NBC News correspondents Jay Gray and Brian Cheung report more. Managing Partner and Director of Economic Policy Research at Veda Partners Henrietta Treyz and former Republican Congressman Charlie Dent join Chris Jansing to provide insight on what Trump's tariffs could mean for the U.S. economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
19 minutes ago
- Business Upturn
Sona BLW shares fall nearly 2% after Bernstein downgrades stock
By Aditya Bhagchandani Published on June 10, 2025, 09:24 IST Shares of Sona BLW Precision Forgings Ltd fell as much as 1.9% on Tuesday, trading at ₹514.35 as of 9:21 AM IST, down ₹7.00 from the previous close of ₹521.35. The decline follows a downgrade from brokerage firm Bernstein, which revised its rating on the stock to 'Market Perform' from 'Outperform'. The downgrade comes amid growing near-term risks that Bernstein highlighted, including tensions between U.S. President Donald Trump and tech billionaire Elon Musk, as well as ongoing trade issues between the U.S. and India. The brokerage also expressed concerns about the increasing competitiveness of Chinese OEMs in the global electric vehicle (EV) supply chain. Bernstein noted that Sona BLW has significant exposure to the U.S. market and a large portion of its order book is concentrated in EV components, making it vulnerable to geopolitical disruptions and sectoral headwinds. The stock's recent pressure comes despite its strong year-range performance between ₹380 and ₹768.65, with a market cap of ₹318.23 billion and a P/E ratio of 51.67. Sona BLW remains a key player in the EV component space, but analysts now suggest a cautious outlook amid global macro uncertainties. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Bloomberg
26 minutes ago
- Bloomberg
Why Trump's Deployment Of Military in California Is So Controversial
President Donald Trump ordered the California National Guard on June 7 to dispatch at least 2,000 soldiers to the Los Angeles area as thousands of people demonstrating against immigration raids clashed with security forces. After vandalism and violence broke out, the Pentagon escalated the federal response by also mobilizing 700 active-duty Marines. The president said on his Truth Social platform that federal agencies were to take 'all such action necessary' to stop what he called 'migrant riots.' The rare move by a president to mobilize military forces to quell domestic unrest was quickly condemned as unnecessary and counterproductive by local authorities, including Los Angeles Mayor Karen Bass and California Governor Gavin Newsom.
Yahoo
41 minutes ago
- Yahoo
LA mayor says immigration raids caused ‘disorder'
Los Angeles Mayor Karen Bass said Monday that immigration raids in her city resulted in 'disorder' the prior night. 'Well, I just have to say that if you dial back time and go to Friday, if immigration raids had not happened here, we would not have the disorder that went on last night,' Bass said on CNN's 'The Situation Room.' 'I will tell you that it is peaceful now, but we do not know where and when the next raids will be,' she added. Trump deployed 2,000 National Guard members to the Los Angeles area on Saturday amid protests against Immigration and Customs Enforcement (ICE). White House press secretary Karoline Leavitt said previously the action was due to 'violent mobs' recently attacking 'Federal Law Enforcement Agents carrying out basic deportation operations.' 'In the wake of this violence, California's feckless Democrat leaders have completely abdicated their responsibility to protect their citizens,' Leavitt said. U.S. Northern Command announced on Monday that the U.S. military was set to temporarily move around 700 Marines to Los Angeles, further raising military presence in the city. California Gov. Gavin Newsom (D) and Vice President Vance sparred on social media on Monday over the situation in the Los Angeles area. The back-and-forth between the governor and the vice president started with Newsom responding to comments from President Trump, who said he would support arresting the Golden State governor. 'The President of the United States just called for the arrest of a sitting Governor. This is a day I hoped I would never see in America. I don't care if you're a Democrat or a Republican, this is a line we cannot cross as a nation — this is an unmistakable step toward authoritarianism,' Newsom said Monday afternoon on the social platform X. Vance responded to Newsom on X nearly two hours later, telling the governor to 'Do your job.' The Hill has reached out to ICE and the White House for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
