
Investors should be putting their cash to work right now, says JPMorgan's Stephen Parker
Stephen Parker, JPMorgan Private Bank co-head of global investment strategy, joins 'Squawk Box' to discuss the latest market trends, what investors should do right now with their portfolios, state of the economy, and more.

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Donald Trump Jr. and Omeed Malik on GrabAGun Going Public
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Yahoo
13 hours ago
- Yahoo
Donald Trump Jr. and Omeed Malik on GrabAGun Going Public
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New York Post
14 hours ago
- New York Post
Why Elon Musk isn't likely to sway a single Senate vote on the ‘Big Beautiful Bill': ‘Nobody wants to kill the bill'
WASHINGTON — Elon Musk's push to 'kill' President Trump's 'big beautiful bill' isn't likely to change a single vote in the Senate — and it's not going to stop the passage of the tax-and-spending spending plan, Republican aides tell the Post. In fact, the former 'first buddy's' spectacular falling out with the president Thursday afternoon could make it even harder for the Republican holdouts to push for bigger spending cuts — because Musk has become absolutely toxic with Trump loyalists. 4 Elon Musk's push to 'kill' President Trump's 'big beautiful bill' isn't going to be a stumbling block for Senate Republicans, aides tell The Post, even as it's provided 'good cover' to some holdouts seeking to cut spending and rein in the debt. Getty Images Advertisement 'Until two days ago, Musk's criticism of the bill gave Senate conservatives space to fight for improvements and deeper spending cuts in the BBB,' one GOP aide told The Post. 'But nobody wants to kill the bill outright — it's not going to happen.' 'The president supports this bill and this effort,' another added. 'I don't think this back and forth will have any substantive effect on Senate Republicans.' A third offered that Musk was still 'giving good cover to those who have already come out swinging against it.' Advertisement 4 Sen. Rand Paul (R-Ky.) declared Thursday that Musk was 'on point' about the reconciliation bill's budget-busting provisions. Getty Images Sen. Rand Paul (R-Ky.) declared Thursday that Musk was 'on point' about the reconciliation bill's budget-busting provisions. 'Last year in my Festivus Report, I exposed that in 2024 alone, Americans paid $892 [billion] in interest,' he posted on X. 'That's 10% of the entire federal budget—gone. Not for bridges, schools, or healthcare. Just to keep the creditors at bay.' On Wednesday, fellow holdout Sen. Ron Johnson (R-Wis.) called the level of spending in the bill 'grotesque' during an interview on CNBC's 'Squawk Box.' Advertisement 4 On Wednesday, fellow holdout Sen. Ron Johnson (R-Wis.) called the level of spending in the bill 'grotesque' during an interview on CNBC's 'Squawk Box.' AP 'The president and Senate leadership has to understand that we're serious. They all say, 'Oh, we can pressure these guys.' No, you can't,' Johnson said. 'I ran 2010 as part of the Tea Party Movement. We were mortgaging children's future. We were $14 trillion in debt then now we're over $37 trillion. We're serious about this.' Sens. Rick Scott (R-Fla.), Josh Hawley (R-Mo.) and Lisa Murkowski (R-Alaska) have also expressed reservations, though the latter two voiced concerns about Medicaid reforms in the House version. The House-passed bill includes more than $1.5 trillion in spending reductions, a permanent extension of Trump's 2017 tax cuts for individuals, hundreds of billions for border security and national defense as well as cutting green-energy tax credits approved in the last administration. Advertisement The Congressional Budget Office estimated that it will add $2.4 trillion to the deficit over the next decade. 4 Senate Majority Leader John Thune (R-SD) got dinged by Musk for old posts of expressing concern about the national debt. SHAWN THEW/EPA-EFE/Shutterstock The president unloaded on Musk in the Oval Office Thursday and said he had 'Trump Derangement Syndrome' after serving just 130 days as a special government employee overseeing the Department of Government Efficiency (DOGE). 'Elon and I had a great relationship. I don't know if we will anymore,' Trump admitted. The two escalated their social media feud Thursday afternoon, with the president even floating the elimination of the Tesla and SpaceX CEO's government 'subsidies and contracts.' 'Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' Trump erupted. Musk shot back that the accusation was an 'obvious lie' and went on a tweeting tirade against Trump, House Speaker Mike Johnson (R-La.) and Senate Majority Leader John Thune (R-SD) by digging up old posts of theirs expressing concern about the national debt. Advertisement Senate Republicans currently hold a 53-47 vote advantage over Democrats in the upper chamber, meaning they will have to flip a handful of holdouts in order to pass the reconciliation bill. Because it's a budget bill and cannot be filibustered, Republicans only need 50 votes for the legislation to pass.