Latest news with #JoeDeaux
Bloomberg
14-07-2025
- Business
- Bloomberg
Big Take: Making Sense of Trump's Copper Tariffs
Last week, President Trump sent markets into a tizzy, when he proposed tariffs on one of the world's most valuable commodities: Copper. On today's Big Take podcast, Bloomberg's economic statecraft reporter Joe Deaux joins host David Gura to discuss the president's ongoing push to bring copper manufacturing back to the US. Why 50% levies on copper could affect everything from your car and iPhone to the nation's electrical grid, and what the copper industry is doing to get ahead.
Business Insider
13-07-2025
- Business
- Business Insider
Trump's planned copper tariffs to include refined metal, Bloomberg says
U.S. President Donald Trump's planned 50% copper tariffs will include all refined copper, Joe Deaux and Catherine Lucey of Bloomberg reports, citing people familiar with the matter. Refined copper represents the largest category of metal that is imported by the U.S. Publicly traded companies in the copper sector include Freeport McMoRan (FCX), Southern Copper (SCCO), Rio Tinto (RIO), BHP (BHP), and Glencore (GLNCY). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bloomberg
11-07-2025
- Business
- Bloomberg
Everybody's Business: Pricey Copper, Bummed Consumers
On Tuesday, seemingly off the cuff, US President Donald Trump suddenly threatened a 50% tariff on copper. The reaction from markets was predictably strong, leaving metal distributors scrambling to get deliveries across the border. In this week's episode of Everybody's Business, Bloomberg economics reporter Joe Deaux joins hosts Max Chafkin and Stacey Vanek Smith to discuss Trump's latest musings, how complicated a rewiring of the copper supply chain might be and the stark challenges of bringing manufacturing back to the US. (As in, it takes about 10-20 years to get a mine up and running at commercial scale.) Also on this episode, wealth reporter Ben Steverman enters the studio to discuss consumer sentiment as an economic indicator. For many academics (and consumers), the economy is largely made up of numbers to be calculated. But how do you measure how someone feels? Steverman discusses his recent profile of Joanne Hsu, the director of the University of Michigan's Surveys of Consumers, an institution that's been measuring vibes for decades. Over the years, the survey has found that people's perception of the economy can be a powerful indicator of where things are heading. And as you likely know, recent surveys show that Americans are very pessimistic about their finances. Prices are still considered too high and Trump's trade war is on everyone's mind. Lastly, Smith presents to Chafkin an underrated story of the week: scientists believe they have cracked the mystery of the big honey bee die-off. The likely culprits? Pesticide-resistant mites. This is welcome news to Chafkin, who shares his own story of a recent run-in with a bee.
Bloomberg
10-07-2025
- Business
- Bloomberg
Bloomberg Businessweek Daily: DoD Bets Big on MP
Today's show features: James Litinsky, Founder, Chairman and Chief Executive Officer of MP Materials Corp. and Bloomberg News Economic Statecraft Reporter Joe Deaux on MP's supply chain deal with the US Defense Department Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies, on Delta's quarterly results and the outlook for major US airlines heading into earnings season Bloomberg News Senior Technology Reporter Kurt Wagner on Elon Musk's Grok chatbot and Linda Yaccarino's departure from X Veronica Willis, Global Investment Strategist with the Wells Fargo Investment Institute on the market and economic outlook for the rest of 2025 into 2026.
Yahoo
20-06-2025
- Business
- Yahoo
Nippon Steel Closes $14.1 Billion Acquisition of US Steel
Nippon Steel closed its $14.1 billion takeover of United States Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a Wednesday statement. Joe Deaux reports on "Bloomberg Open Interest." Sign in to access your portfolio
