Tracking Trump: Iran gets the ‘ultimate ultimatum'; Fed maintains interest rates; Hegseth defends Confederate base names; and more
Trump remained noncommittal about the U.S. striking Iran.
The Supreme Court upheld a ban on gender transition treatments for minors.
A report found Social Security will run out of money in under 10 years.
The Federal Reserve said it will not drop interest rates.
The defense secretary defended Confederate names for bases.
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Yahoo
28 minutes ago
- Yahoo
Bentley is in limbo as tariffs remain unclear: What to know
The EU is looking to enact a 10% tariff across the board. Additionally, Bentley (VWAGY) is holding back inventory as tariff uncertainty clouds US import plans. Yahoo Finance Senior Reporter Pras Subramanian explains how this affects automakers and how the lack of a finalized US–UK deal is forcing Bentley to go month-to-month on its pricing strategy. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Meanwhile, the European Union weighing a 10% tariff deal as President Trump's July deadline now looms. For more what this means for carmakers, let's get to our senior autos reporter, prize Sumerian prize. Yeah, I mean, this is kind of a big deal for European automakers like BMW and Mercedes, that that to bring that down the sector tariffs is 25% to 10% will be a huge deal for them, uh, based on the fact that so many of their cars are sold here. Uh, I mean, but, you know, the UK has a deal already supposedly with, with, uh, with the US and I spoke to the Bentley CEO about this, and they said, hold on, there's actually no details yet. Uh, the deal is supposedly been agreed to, but, uh, the UK government's still waiting for paperwork and an actual deal terms from the US government and, and, uh, UK government said it might take a few weeks still. So I spoke to the CEO about this, and he said, basically, since we don't have the deal actually, the terms yet and signed So he's saying I don't know. He's saying I just have a world of uncertainty I'm navigating. Yeah, so they, exactly, because they, they, you know, last month, they made the deal, made the announcement, but the deal has not actually been hasn't been signed yet, or come through yet. So he told me a few things they're doing, basically they're working month to month here on policy, uh, price protecting through the month of June, uh, people who have custom orders in place, they'll they'll honor those pricing agreements and they'll bring the cars in, but further inventory is going to be held in the UK until, uh, until further notice and, and basically, they just can't bring those vehicles in until they know what their exposure is going to be, because it could be a lot more, it could be a lot less who knows. So keeping it there, uh, they won't make any more decisions till next month. So month to month, we'll keep an eye on that, but they also have a new car out, new Bentayga Speed, SUVs are top selling SUV. I mean, the speed version is a VA powered truck. How much is that going to run us? Yeah, that's a big question. Around 300 grand, probably, but it's going to be only gas powered. It's just a change for them because they've been going heavily into hybrid, but they say, hey, you know what, our buyers want this option, and it'll be a very special car. So they're going to do it. I would assume that Bentley has a decent amount of pricing power at that level of customer that if they do end up if they get more clarity around the effect of the tariffs, if that's going to increase their costs that they can pretty easily pass that on to their customers or I mean, 10% is not that big of a jump from, let's say, 25. So a $300,000 car, you're talking about $30,000. So how much of that's going to go to the client and versus them? Half, uh, more than half, and that's part of the question they have to sort of answer themselves. But I think you're right, I think they, it's, it's, it's not a, it's not a fully elastic good, right? There is some, uh, ability to kind of waver here with pricing, but they can't go too far, right? Because margins are, I think the last, last year, they were around, uh, 14%, right? So there's only so much you can play with. And that's been coming down from 20 the year before. So that's the big question. Even if you're rich, you still want to feel like you're getting a good deal. That's why you have all the money. You don't pay, you don't need to. There you go. All right, thanks so much, Pras. Inicia sesión para acceder a tu portafolio
Wall Street Journal
28 minutes ago
- Wall Street Journal
Stablecoin Legislation Will Juice Demand for Treasurys—to a Point
New legislation regulating stablecoins—a type of digital currency pegged to the U.S. dollar—is widely expected to boost demand for Treasurys. But Wall Street isn't sure how much. The cryptocurrency industry scored a major win Tuesday when the Senate passed the legislation, which many expect to spur adoption by businesses ranging from payment providers like Mastercard and Visa to big merchants including and Walmart.
Yahoo
30 minutes ago
- Yahoo
Tucker Carlson Rips Apart Ted Cruz's Bible-Based Defense Of Israel
Tucker Carlson just backed Sen. Ted Cruz (R-Texas) into a corner during a discussion about Israel and its conflict with Iran. The former Fox News host dissected Cruz's argument for America's unyielding support for Israel as his guest explained how his commitment to the country was based on what he learned back in Sunday school. 'I was taught from the Bible, those who bless Israel will be blessed, and those who curse Israel will be cursed,' the senator said while appearing on an episode of Carlson's show posted on Wednesday. 'And from my perspective, I want to be on the blessing side of things.' Cruz's statement left Carlson with a few questions, like whether that verse was referring to the current government of Israel or if the Republican could even tell him what part of the Bible he was pulling from. When Cruz was unable to find an answer off the top of his head, right-wing pundit Carlson reminded the senator he was cribbing from the book of Genesis and then wondered how Cruz could base his opinion on scripture he couldn't even cite correctly. 'So you're quoting a Bible phrase, you don't have context for it,' Carlson said. 'You don't know where in the Bible it is, but that's your theology? I'm confused. What does that even mean?' Cruz got defensive as Carlson pushed him to define what he meant by Israel, be it the state's current borders, its current leadership, a 'political entity' or how it was defined in biblical times. When Cruz settled on the term 'nation,' Carlson straight up asked, 'Is the nation God is referring to in Genesis, is that the same as the country run by Benjamin Netanyahu right now?' Cruz and Carlson's clash reflects a growing schism within the Republican Party, where 'America First' isolationists like the commentator have found themselves at odds with Middle East war hawks like the senator. The discussion came on the heels of Israel's preemptive military strike on Iran last Thursday, a move that has forced President Donald Trump to weigh whether or not the U.S. will join its ally in its bombing campaign. Watch the testy exchange right here: New clip of Ted Cruz getting cooked by Tucker Carlson just dropped — MeidasTouch (@MeidasTouch) June 18, 2025 Tucker Carlson Tears Into Ted Cruz In The Most Gloriously Awkward Interview You'll See Marjorie Taylor Greene Makes Rare Break From Trump — And It's All About Tucker Carlson Trump Escalates His Feud With Tucker Carlson Over Israel And Iran
