
Trump Showing His Hand on Taxes, Tariffs: Henrietta Treyz
Treasuries rallied as President Donald Trump's comments on Sunday that the US economy is facing 'a period of transition' added to concern that an economic slowdown could be just around the corner. Rates strategists are already adapting to this period of elevated volatility globally. With yields surging across Europe on the prospect of higher spending, Citigroup recommended that investors short Treasuries versus bunds. JPMorgan Chase & Co., meanwhile, lowered its interest-rate forecasts on risks to US growth. Veda Partners Director of Economic Policy Henrietta Treyz, discusses the market reaction to the president's string of trade war salvos, and explains why White House aides and Republican lawmakers alike are struggling to keep up with Trump's messaging on tariffs and the looming government shutdown. Henrietta speaks with Tom Keene and Paul Sweeney Bloomberg Radio. (Source: Bloomberg)
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Yahoo
35 minutes ago
- Yahoo
US ready to defend itself, Israel if Iran responds to Israeli air strikes, Trump says
U.S. President Donald Trump said on June 13 that he was aware of Israel's plans to conduct strikes on Iran in advance and that Washington is watching for any signs of retaliation by Tehran, Fox News reported. "Iran cannot have a nuclear bomb and we are hoping to get back to the negotiating table. We will see. There are several people in leadership that will not be coming back," Trump told Fox News' anchor Bret Baier. The comments come after Israel launched heavy air strikes against 100 sites in Iran, targeting the country's nuclear program and reportedly killing Hossein Salami, the commander-in-chief of the Islamic Revolutionary Guard Corps (IRGC), and other top officials. In a statement released by the State Department, U.S. Secretary of State Marco Rubio said that the United States was not involved in the strikes on Iran, calling it a "unilateral action." The U.S. has reached out to at least one Middle Eastern ally to say that the strike is going to happen, but that Washington was not involved, Fox News reported. Trump said the U.S. military is on high alert and watching for any kind of retaliation, adding that the U.S. will respond to defend itself or Israel if Iran strikes back. The Israel Defense Forces (IDF) said that Tehran had already launched over 100 drones against Israel, which are expected to reach their targets within the next few hours. Before the attacks, Trump emphasized that despite tensions, he is committed to avoiding conflict and prefers a diplomatic solution to Iran's nuclear aspirations. "I want to have an agreement with Iran," Trump said, referring to ongoing Iran-U.S. nuclear talks in Oman. Writing on Truth Social, Trump reaffirmed his commitment to a "diplomatic resolution to the Iran nuclear issue," and insisted that his "entire administration has been directed to negotiate with Iran." Iran insists its nuclear program is for peaceful purposes and has expressed willingness to accept limited restrictions in exchange for the lifting of sanctions. In contrast, the International Atomic Energy Agency released a report highlighting Iran's failure to comply with its obligations to fully disclose activities at its nuclear facilities. Beyond the Middle East, Iran has emerged as a key ally of Russia in its war against Ukraine, supplying Moscow with drones used in attacks on Ukrainian cities. Read also: Israel launches 'preemptive' air strikes on Iran's nuclear program, IRGC chief killed in attack We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.

an hour ago
Nevada GOP governor vetoes voter ID bill that he pushed for in a deal with Democrats
LAS VEGAS -- Nevada Republican Gov. Joe Lombardo unexpectedly vetoed a bill on Thursday that would have required voters in the swing state to show a photo ID at the polls — a conservative priority across the country and something that has long been on the governor's legislative wish list. The move brings a dramatic end to one of the legislative session's most surprising outcomes: A bipartisan deal that combined the requirement for voter identification with a Democratic-backed measure to add more drop boxes for mail ballots that Lombardo had initially vetoed. The bill came together in the final days of the session and passed mere minutes before the Democratic-controlled Legislature adjourned just after midnight on June 3. Lombardo had been expected to sign it. In his veto message, Lombardo said he 'wholeheartedly' supports voter ID laws but that he felt the bill fell short on addressing his concerns about ballots cast by mail, because such ballots could still be accepted 'solely on the basis of a signature match" under the bill. Because it 'would apply voter ID requirements unequally between in-person and mail ballot voters and fails to sufficiently guarantee ballot security, I cannot support it,' he said. The voter ID requirements in the bill mirrored a ballot initiative known as Question 7 that Nevada voters overwhelmingly approved last November. But voters would have to pass it again in 2026 to amend the state constitution. The requirement would then be in place by 2028. Assembly Speaker Steve Yeager, the Democrat who brokered the deal with Lombardo, said when he introduced the legislation that voters seemed poised to give the final approval, and that enacting a voter ID law would have given the state a head start on ensuring a smooth rollout before the next presidential election. In a scathing statement, Yeager called the governor's decision a 'breach of trust," saying that he believes Lombardo gave in to pressure around him to veto the bill, designated Assembly Bill 499. 'Lombardo was for AB499 before he was against it, encouraging all legislative Republicans to support it, which they did,' Yeager said. Voting rights groups condemned the legislation, saying it would have made it harder for some people to vote, including low-income or unhoused voters, people with disabilities and older voters. Let Nevadans Vote, which describes itself as a nonpartisan coalition, said Thursday in a statement that the governor's veto only temporarily stops what it called 'the misguided and ill-conceived implementation of voter ID in Nevada.' 'Come 2026, Question 7 will still be on the ballot," the group said while describing voter ID requirements as 'strict regimes' that 'decide who gets to exercise their constitutional right to vote and who cannot.' Polls have shown that most Americans support voter ID laws, and that has been consistent over the years and across party lines. A 2024 Gallup poll found 84% of Americans were in favor of requirements for a photo ID at voting places, consistent with Gallup findings from 2022 and 2016. That includes about two-thirds of Democrats, according to the 2024 survey. Voters are either required or requested to show ID when voting in person in 36 states, according to the National Conference of State Legislatures. Not all states require photo ID, though. Some accept documents such as a bank statement, and some allow voters without ID to vote after signing an affidavit. A few states allow poll workers to vouch for voters without an ID. Lombardo on Thursday also vetoed a bill that would have allowed the swing state's nonpartisan voters to cast ballots in Republican or Democratic primary races. The bill sought to include the more than 855,000 voters registered as nonpartisans — the state's largest voting bloc — in the process of nominating major-party candidates for congressional races and statewide offices. A ballot initiative to open up primaries for all registered voters was rejected by voters last November. The sweeping measure, which also attempted to implement ranked choice voting, faced intense opposition from party leaders on both sides who said it was too broad and confusing.


Bloomberg
an hour ago
- Bloomberg
Bloomberg Daybreak Europe: Israel Strikes Iran's Nuclear Sites
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israel launched waves of airstrikes against Iran's nuclear program and ballistic-missile sites on Friday morning, a major escalation in the standoff between the two adversaries that risks sparking a wider war in the Middle East. (2) Explosions were heard across Tehran and in the city of Natanz, home to one of its nuclear sites, according to videos and local media. (3) US President Donald Trump says Iran cannot have a nuclear bomb, Fox News journalist Bret Baier reports, citing an interview with him after Israel launches strikes against Iran. The strikes came just hours after Trump had suggested to reporters the US still believed in the prospects for a diplomatic solution. (4) Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. (5) Stocks fell along with equity-index futures and investors rushed to the safety of haven assets after Israel attacked Iran's nuclear program sites in a major escalation of tensions in the Middle East. Crude oil jumped 9%, the biggest move in more than three years. (6) Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the deadliest aviation accident in more than a decade.