Insight with Haslinda Amin 6/3/2025
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
34 minutes ago
- Bloomberg
CBO Tariff Math Misses Point: Sen. Welch on US Budget
Senator Peter Welch (D) Vermont talks about the Congressional Budget Office projecting President Trump's tariffs will cut the budget gap by $2.8 trillion and discusses why he disagrees with the CBO stating American businesses and consumers will have to pay more. He also talks about whether or not he would get rid of the debt ceiling. Senator Welch speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
CNN
38 minutes ago
- CNN
Why Trump has struggled to get Xi on the phone to talk trade
For months, President Donald Trump has suggested his personal relationship with China's Xi Jinping will be what unlocks the world's most consequential trade dispute. Yet he couldn't get Xi on the telephone for weeks. The long period of silence between the leaders will — at least in the White House's telling — come to an end this week. A string of US officials have all but confirmed a call between Trump and Xi is imminent and could occur as early as Thursday, even though Beijing remains tight-lipped. 'I am afraid we don't have comments for you right now,' a spokesman for the Chinese embassy in Washington said in response to questions about the forthcoming conversation. The discrepancy in how each side was talking — or not talking — about the call ahead of time only underscored the widening gulf between the world's two largest economies. Each side seems convinced the call could fall through at any moment. And it's not only fights over tariffs, critical minerals, jet engine parts or computer chips that have caused a rift. It's also a matter of the two leaders' vastly different styles. While Trump is eager to apply his dealmaking tactics directly with Xi, his model of leader-to-leader haggling is entirely at odds with how Chinese officials approach global negotiations. Deeply wary of Trump's unpredictability and track record of putting foreign leaders in awkward or embarrassing situations, Chinese officials had put off a phone call, according to people familiar, even as Trump stated on multiple occasions this spring that he expected to speak with Xi soon. His Oval Office ambushes of Ukraine's Volodymyr Zelensky and South Africa's Cyril Ramaphosa caught the attention of officials in China, those people added, and officials wanted to avoid anything similar, even in a private conversation. Former Trump and Biden administration officials describe meetings and calls with Xi as heavily scripted. Little is left to chance, they said, and even the small items – like timing and translation – are heavily negotiated among staff ahead of time. When President Joe Biden met Xi outside San Francisco two years ago, details as minute as the type of flowers sitting on the table between the two men were subject to delicate and intense discussions between the two sides, officials said at the time. On phone calls with US presidents, Xi typically reads directly from prepared talking points that are often verbatim of what he's said in previous conversations, the former officials said. When Xi briefly put down his script to offer off-the-cuff reminiscences during his final meeting last year with Biden – a man he'd known for more than a decade – US officials regarded it as a major show of respect. The stilted format makes it nearly impossible to delve into specifics that haven't been agreed to ahead of time. Any actual negotiation on trade deals or joint statements often happens among staff weeks or months ahead of time. That is not how Trump prefers to operate. As his press secretary said this week, his is a 'top-down approach,' where policy discussions originate from the Resolute Desk. 'He's very much involved in literally every policy discussion and decision that takes place,' Karoline Leavitt said Tuesday when questioned about a reduction in the size of Trump's National Security Council. That has been especially true on China, according to officials. Trump regards securing a new agreement with Beijing both as a critical component of his broader trade agenda and as a necessary follow-up from his first term, when trade deals with China got derailed during the Covid-19 pandemic. Trump views his relationship with Xi through a personal lens, harkening back to their interactions during his first term. It only took 76 days after Trump's 2017 swearing-in for Xi to fly to Mar-a-Lago, where he was served a 'beautiful' piece of chocolate cake and serenaded in Mandarin by Trump's granddaughter. Xi has proven far more difficult to reach in Trump's second term – and he's shown no similar rush to pay a visit to Florida, frustrating the US president. The last time Trump is known to have spoken with Xi was on January 17, days ahead of his second inauguration. 'It is my expectation that we will solve many problems together, and starting immediately,' Trump said afterward. But the problem-solving did not start immediately. Instead, the relationship between the two countries quickly worsened after Trump applied stiff new tariffs that eventually rose to 145%. China retaliated, creating a tit-for-tat trade war that has expanded over the course of Trump's five months in office. Talks last month in Geneva, which were intended to alleviate tensions, at first appeared to yield some progress – both sides vowed to lower some of the tariffs. But weeks later, the US accused China of reneging on an agreement to ease restrictions of certain critical minerals used to produce magnets. And instead of improving, the trade war has expanded into a battle over supply chains, which both countries see as essential to their respective national security needs. Trump has expanded punitive measures toward China to include revoking visas for Chinese students studying at American universities and restricting the export of certain software used to design advanced semiconductors. The worsening tensions emphasized the need for the two leaders to speak directly. 'The trade teams on both sides have determined that this needed to be elevated to the top,' a senior White House official said of the impending call. Trump is expected to bring up the pace at which China is exporting critical minerals – he believes Beijing is intentionally moving slower than promised during the Geneva talks, that official said. Another official said they expected Trump to do some level-setting: Trump has said publicly that China will suffer from the lack of a trade deal, a belief held by many administration officials, which in their view gives them leverage in talks with the superpower. 'I'm confident that when President Trump and Party Chairman Xi have a call that this will be ironed out,' Treasury Secretary Scott Bessent said over the weekend. For his part, Trump seemed to be mulling the looming conversation in the wee hours this week. 'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!' Trump wrote on Truth Social at 2:17 a.m. on Wednesday.
Entrepreneur
38 minutes ago
- Entrepreneur
Before You Invest, Take These Steps to Build a Strategy That Works
Learn how to determine where to place your investments with these insightful tips from an experienced business owner and entrepreneur. Opinions expressed by Entrepreneur contributors are their own. Investing doesn't start with your first transaction — it begins much earlier. From defining the types of investments you're interested in to setting clear financial goals, the early stages are critical. Investing can be complex and time-intensive, especially when deciding where to place your capital. That's why having a thoughtful, informed strategy from the outset is so important: it ensures your investments are purposeful and aligned with your longterm vision. Before you commit any resources, take the time to craft a strategy that reflects your goals, values and risk tolerance. A structured approach not only reduces unnecessary risk but also clarifies why you're investing and how each decision supports the bigger picture. This clarity transforms your investment approach from reactive to intentional. As an entrepreneur, I've refined my own investment strategy over time. It's diverse by design, built to support both my financial goals and my broader mission. If you're wondering how to figure out where your own investments should go, here are four actionable steps to help guide your placement strategy: 1. Define your investment goals Start by asking yourself: What do I want my investments to achieve? Are you aiming for longterm wealth, social impact, business expansion or a mix of these? Knowing what success looks like will shape how much you invest, when and where. Consider the types of investments that resonate most—whether that's equity, partnerships, philanthropic initiatives, or ventures tied to innovation. Aligning your goals with your core values will not only give you direction but also help you stay committed when markets shift. Related: How to Diversify Your Business Interests 2. Choose your asset allocation strategy Asset allocation — how you distribute your investments across asset classes — is central to managing risk and return. The main categories include equities, fixed income and cash or cash equivalents. Each has different risk profiles and growth potential. There's no one-size-fits-all approach. My own strategy, for example, spans three buckets: equity and business investments, partnerships and strategic collaborations and philanthropic efforts. This setup works for me because I prioritize both financial returns and impact. A significant portion of my portfolio supports global health, education, and sustainability initiatives. A thoughtful allocation plan helps you stay balanced, even when the markets aren't. 3. Diversify strategically Diversification is a time-tested way to reduce risk. If one sector dips, others can help offset the loss. But meaningful diversification goes beyond spreading your investments — it requires research and intention. Dig into each opportunity. Understand the potential returns, risks, and how each fits into your broader strategy. For me, diversification also means staying engaged with sectors I care deeply about, like innovation, wellness and climate-conscious enterprises. This keeps my portfolio resilient and aligned with my values. Related: The Importance of Portfolio Diversification for Your Investments 4. Stay adaptable Your investment strategy should evolve with you. As your goals, interests and the economic landscape shift, so should your allocations. I regularly revisit my portfolio with a few key questions: How are my current investments performing? Do they still reflect my vision? Are there new opportunities I should explore? Lately, I've been diving deeper into wellness and sustainable living, especially in high-quality nutraceuticals and biohacking. Those shifts came from staying curious and being willing to pivot when the time felt right. Deciding where to place your investments is one of the most important steps in your investing journey. Laying a solid foundation early on helps you navigate growth, risk, and market shifts with confidence. And remember, your strategy isn't permanent—it's a living framework that should adapt as you and the world around you evolve. Stay informed, stay connected, and above all, stay intentional. Your future self will thank you.
