Trump Publicly Shames Companies For Raising Prices - Erin Burnett OutFront - Podcast on CNN Audio
Trump Publicly Shames Companies For Raising Prices Erin Burnett OutFront 47 mins
The CEO of America's biggest bank shares dire warnings about Trump's trade war and he's not alone as another American car company says their prices are going up. Plus, new questions about former President Biden's cancer diagnosis. How could it not have been detected earlier? The top prostrate cancer doctor at the world's leading cancer hospital joins to weigh in.
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Yahoo
7 minutes ago
- Yahoo
Mexico defeats Canada in group play at CONCACAF Women's Under-20 Championship
ALAJUELA — Montserrat Saldivar scored twice Monday to help defending champion Mexico defeat Canada 4-2 and finish atop Group B in a weather-interrupted game at the CONCACAF Women's Under-20 Championship. Both teams had already accomplished their goal of qualifying for the 2026 FIFA U-20 World Cup by virtue of assuring themselves a top-two finish in the group with wins over Panama and Nicaragua. But topping the pool likely means avoiding the seven-time champion U.S. in the semifinal. Advertisement Monday's game, which started in a torrential downpour, was tied 1-1 in the 30th minute when American referee Alyssa Nichols pulled the bedraggled players from the pitch at Estadio Alejandro Morera Soto. The game resumed some two hours 40 minutes later. The heavy rain had stopped by then but there was still some water left on the pitch, making for some difficult distribution. Maria Gonzalez also scored for Mexico, which profited from an own goal by Janet Okeke. Teegan Melenhorst and Annabelle Chukwu replied for Canada, which outshot Mexico 20-12 (5-4 in shots on target). The eight-team CONCACAF tournament, which runs through Sunday, will send four CONCACAF sides to the 24-team FIFA U-20 World Cup, scheduled for September 2026 in Poland. Advertisement The U.S., which has already qualified for the CONCACAF semifinals at 2-0-0, wraps up Group A play Tuesday against Costa Rica (1-0-1) while Puerto Rica (0-1-1) faces Guyana (0-2-0). The Americans have lost just three of 64 matches all-time at the tournament. Trailing 3-1 at the break, Canada sent on Chukwu, who scored three goals in the first two games of the tournament. And the 18-year-old from Ottawa did not disappoint, cutting the lead to 3-2 in the 59th minute with a header off a Melenhorst cross following a Canadian corner. Chukwu, who scored three goals in Canada's opening two wins, added to her Canadian youth international scoring record, previously held by Christine Sinclair. Chukwu now has 38 goals in 40 games from the under-15 to under-20 level. Advertisement Chukwu, who plays collegiate soccer at Notre Dame, has been called into camp by the Canadian senior side but has yet to win a cap. Mexico added an insurance goal in the 84th minute via Saldivar, who beat Canadian 'keeper Noelle Henning after a pass by Michel Fong split the Canadian defence. The wet conditions made for spotty early handling and Canada went ahead in the 18th minute after an errant clearance by Mexico goalkeeper Mariangela Medina, who plays collegiate soccer at UCLA. The ball went to Melenhorst, who roofed a shot past Medina. Mexico pulled even in the 26th minute when Alice Soto's low corner hit Okeke at the near post and deflected in past Henning. Advertisement After the weather delay, Gonzalez put Mexico ahead in the 37th minute after Henning had punched away a Mexico corner. The ball came out to a Mexican player whose shot bounced off a Canadian defender to Gonzalez, who found the target. Mexico added to the lead in first-half stoppage time on a lightning-quick counter attack. A long pass found Saldivar, who outmuscled Sienna Gibson, the last defender, before dodging an onrushing Henning and firing the ball into the untended goal. Canada had 52 per cent possession and outshot Mexico 9-8 in the first half but the Mexicans had a 3-2 edge in shots on target. Canada has taken part in nine of the previous 11 editions of the FIFA U-20 tournament, missing out in 2010 and 2018. The Canadians lost 2-1 to Spain in the round of 16 at last year's FIFA U-20 World Cup in Colombia. Advertisement Canada coach Cindy Tye made five changes to her starting 11, one forced by the suspension of Ines Nourani, who was set off against Nicaragua. Mexico was unchanged. Canada booked its ticket to the CONCACAF tournament by winning its qualifying group with ease in February. The Canadians outscored their qualifying opposition 43-0, dispatching Dominica 22-0, Bermuda 9-0 and host Trinidad and Tobago 12-0. The U.S. and Mexico, as the top-ranked countries in CONCACAF, skipped the qualifying round and were given direct entry to the CONCACAF championship. Canada and 23 other teams had to win their way there, with Costa Rica, Guyana, Nicaragua, Panama and Puerto Rico also topping their groups. Canada won the CONCACAF tournament in 2004 and 2008 and was runner-up to the U.S. in 2002, when the age group was under-19. The Americans are looking for their eighth title, having last won in 2020 and 2022. This report by The Canadian Press was first published June 2, 2025. The Canadian Press
Yahoo
9 minutes ago
- Yahoo
Nucor and steel stocks surge on Trump tariff plan
Nucor and steel stocks surge on Trump tariff plan originally appeared on TheStreet. The finest steel has to go through the hottest fire, as the saying goes, and the latest round of tariffs is really cranking up the heat. On May 30 President Donald Trump fired yet another salvo in his trade war when he said that he'd double tariffs on steel imports to 50%. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 "We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," he said during a visit to a U.S. Steel mill in the Pittsburgh suburbs. Shares of U.S. Steel () and other U.S. companies in the sector, including Nucor () , Cleveland-Cliffs () and Steel Dynamics () , surged following the announcement. Copper prices also leaped as traders bet that Trump would impose hefty duties on the metal, which is used in power and construction. However, shares of the Big Three automakers — Ford () , General Motors () and Stellantis () — tumbled on the news. Overseas steelmakers also took a beating. The U.S. is the world's largest steel importer, excluding the European Union, with a total of 26.2 million tons of steel imported in 2024, according to the U.S. Department of Commerce. More Tariffs: Tesla, Elon Musk make drastic decision amid U.S.-China trade war Major U.S. automaker makes harsh decision in the wake of tariff tussel Tariffs will devastate this entire industry "Higher prices are also likely to weigh further on U.S. steel demand from the manufacturing sector, which we already expect to contract this year," analyst Eoin Dinsmore at Goldman Sachs told Reuters. Germany's second-biggest steelmaker, Salzgitter, warned that Washington's tariff policy was dealing a severe blow to European industry. The U.S. accounted for around a fifth of European steel exports outside of the EU, according to Germany's steel association. "The risk for the European market, as well as other regional markets, is that some of the trade flow could reroute," said Bastian Synagowitz at Deutsche Bank. Some analysts were skeptical whether the full force of the tariffs as announced would come into play. "I think the final result will be far lower than initially projected, especially concerning its duration," said Chelsea Ye, senior analyst at metals research firm McCloskey. Meanwhile, BMO Capital upgraded Nucor to outperform from market perform with a price target of $145, up from $140, according to The Fly. Nucor is executing on a multiyear organic-growth plan that should over time support higher profitability and free cash flow, the firm Capital said the company remained well positioned to benefit from the announced doubling of steel tariffs due to its relatively lower utilization rates and diversified product mix. The shares are trading at a "compelling" valuation, the firm added. Yahoo Finance pegs the stock's forward price-to-earnings multiple at 14.2. Trump touted what he called a blockbuster merger agreement between U.S. Steel and Japan's Nippon Steel that he said would keep the iconic U.S. steelmaker in Pittsburgh. He had previously opposed such a merger. Nippon Steel will invest more than $14 billion in U.S. Steel over 14 months and operate the U.S. company as a separate entity, even as it becomes a wholly owned subsidiary. TheStreet Pro's Stephen Guilfoyle said Trump also orchestrated a so-called golden share for the U.S. government, according to which it will have approval over a number of board seats at the company. "Obviously, if these newly increased tariffs hold, and that is certainly a big 'if' in this environment with this administration, it could and probably would mean increased business for U.S.-based steel producers," he said in his recent column. Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, said the government had described the situation as a matter of national security, "so one would think that at least a significant portion of this increase could stick." "That would be much to the chagrin of both Asian and European steel exporters," the veteran trader said. "The EU has already complained and threatened countermeasures." Shares of steelmakers fell in South Korea, which was the fourth-biggest exporter of steel to the U.S. last year, behind Canada, Mexico and Brazil, according to American Iron and Steel Institute said that Cleveland-Cliffs, "despite some gnarly looking earnings and five consecutive quarters of year-over-year contractions in revenue generation, with its low potential point of entry often grabs the attention of traders and investors." Cleveland-Cliffs stock is down about 25% since January and down 66% for the year through May 30. At last check CLF shares had leaped more than 20% in Monday trading. During the company's first-quarter earnings call last month, CEO Lourenco Goncalves told analysts 'our first-quarter results were unacceptable with worse-than-expected Ebitda and cash flow, mostly due to underperforming noncore assets." He said that the tariffs Trump executed in March were 'the most relevant and necessary action to eliminate unfairly priced competition. "The entire domestic industry, Cleveland-Cliffs included, continues to suffer and we're starting to see a more consistent business environment and improved pricing in April and May." he said. Guilfoyle said that the company's operating cash flow had been negative for three successive quarters and negative over the trailing 12 months as of March. "The firm has shown negative net income for five of the past six quarters on a GAAP basis and has an overwhelming debt load relative to cash on hand," he added. "That said, the technicals, which have been in decline, may just be ripe for a trade on the long side."Nucor and steel stocks surge on Trump tariff plan first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
9 minutes ago
- CNBC
Higher steel tariffs allow U.S. producers to raise prices and that's terrific, says Jim Cramer
'Mad Money' host Jim Cramer talks about President Trump's move to increase tariffs on steel imports to 50%.
