Latest news with #MorningsWithMaria
Yahoo
29-05-2025
- Business
- Yahoo
Trump Economic Adviser Makes Delusional Claim About Tariffs
White House National Economic Council Director Kevin Hassett insisted Thursday that Donald Trump 'always wins,' even after the president's vacillating tariff policies faced a massive defeat in federal court. During an interview on Fox Business's Mornings With Maria, host Maria Bartiromo asked Hassett for his reaction to a journalist teaching Trump about a new investing theory, TACO, which stands for 'Trump always chickens out.' The economic adviser replied to the dig with another slogan. 'I think if President Trump had just a minute more, if you go back into the room behind the Oval, he's got all his hats and things over there, and he has a hat which is the accurate response to what that person said, which is 'Trump always wins,'' Hassett said. 'If you go look, a lot of people are wearing that hat, 'Trump always wins' and 'Trump was always right.'' Hassett claimed that Trump's tariffs had forced other countries to 'come to the table with massive concessions, opening up their markets to our products, and lowering their tariffs on us.' So far, only Israel, India, and Vietnam have moved to slash tariffs on U.S. products. Negotiations with other trading partners, such as the European Union, are still ongoing. Hassett insisted that Trump's volatile tariff policies had been 'really, really effective for the American people, and it's unfortunate that people would attack it, as the journalist did or the way the judges just did, that these activist judges are trying to slow something down in the middle of really important negotiations.' A panel of three federal judges in the U.S. Court of International Trade unanimously ruled Wednesday evening that Trump had exceeded his legal authority by imposing sweeping tariffs on dozens of countries, based on vague claims of 'national emergencies.' The Trump administration has already said it will appeal the decision, and through his broad smile, Hassett desperately attempted to downplay the loss. 'And the idea that the fentanyl crisis in America is not an emergency is so appalling to me, that I'm sure that when we appeal that this decision will be overturned,' Hassett continued. Trump had used a domestic public health crisis as a rationale for imposing steep tariffs on China, claiming the country had failed to thwart fentanyl production and trafficking. But contrary to Hassett's claim, the panel had not found that the fentanyl was not an urgent issue but simply that the International Emergency Economic Powers Act did not authorize the president to impose worldwide, retaliatory tariffs.
Newsweek
20-05-2025
- Business
- Newsweek
JPMorgan CEO Issues Inflation Warning
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. JPMorgan Chase CEO Jamie Dimon has warned that inflation risks remain elevated despite the temporary reduction in tariffs announced by the U.S. and China last week, and that markets have exhibited an "extraordinary amount of complacency" regarding the long-term impacts of the trade dispute. Speaking at the financial institution's investor day on Monday, Dimon said: "I don't think we can predict the outcome and I think the chance of inflation going up and stagflation is a little higher than other people think," he added. Why It Matters While inflation has eased, according to recent official data, consumer surveys reveal lingering anxieties about the prospect of rising prices through 2025—anxieties that, as Dimon noted, the tariff pause has not yet dispelled. Experts told Newsweek previously that despite the 90-day pause—intended as a window for more comprehensive negotiations between the U.S. and China—the reduced rates still remain high compared to previous levels, and there still exists a strong possibility of the trade war reigniting. What To Know JPMorgan was among the institutions to lower its forecasts of a recession in 2025 following the announcement of a significant but temporary reduction in the tariffs between the U.S. and China on May 12. The firm lowered the probability to 50 percent from 60 percent previously. CEO of JPMorgan Chase, Jamie Dimon visits "Mornings With Maria" with Maria Bartiromo at Fox Business Network Studios on April 09, 2025 in New York City. CEO of JPMorgan Chase, Jamie Dimon visits "Mornings With Maria" with Maria Bartiromo at Fox Business Network Studios on April 09, 2025 in New York markets rallied following the announcement that tariff rates on Chinese imports would be reduced to 30 percent from 145 percent, and that China's rates on American goods would drop to 10 percent from 125. America's benchmark indexes—The S&P 500, Dow Jones Industrial Average and Nasdaq Composite—are now all trading above their levels before Donald Trump's "Liberation Day" speech on April 2. However, Dimon said that much of this investor optimism stemmed from the fact that the effects of the remaining tariffs had not yet materialized. "People feel pretty good because you haven't seen an effect of tariffs," he said on Monday. "The market came down 10 percent, it's back up 10 percent—I think that's an extraordinary amount of complacency." What Is Stagflation? In addition to inflation, Dimon warned that the risks of "stagflation" were more elevated than many believed. The term denotes stagnant economic growth, alongside high unemployment and persistent inflation. The three do not typically increase simultaneously, and this creates a significant challenge for central banks given the given the inverse effects of the remedies used to address each issue. Raising or maintaining interest rates at high levels is normally used to combat inflation, but doing so can limit economic growth. Stimulating economic growth and employment by lowering borrowing costs, meanwhile, can contribute to inflation. What People Are Saying Michael Feroli, chief U.S. economist at JPMorgan, wrote on Monday: "The administration's recent dialing down of some of the more draconian tariffs placed on China should reduce the risk that the U.S. economy slips into recession this year. We believe recession risks are still elevated but are now below 50 percent." Federal Reserve Chair Jerome Powell, during a press conference before the U.S-China-tariff pause, said: "If the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment. The effects on inflation could be short-lived—reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be more persistent. Avoiding that outcome will depend on the size of the tariff effects, on how long it takes for them to pass through fully into prices, and, ultimately, on keeping longer-term inflation expectations well anchored." Treasury Secretary Scott Bessent, in an interview with CNN on Sunday, said that tariff rates could return to the "reciprocal" levels announced by the president on April 2 if countries "do not negotiate in good faith." Bessent added that there were 18 "important" trading partners the U.S. was focused on striking deals with. What Happens Next? The temporary reduction in tariffs between the U.S. and China is due to last until mid-August, while the 90-day pause on other nations' "reciprocal" tariffs, announced by Trump on April 9, will extend into July.
Daily Mail
05-05-2025
- Politics
- Daily Mail
Trump lashes out at WSJ reporter
Donald Trump was filmed giving a Wall Street Journal reporter a verbal lashing over the Rupert Murdoch-owned paper's critical coverage of his presidency. The footage was filmed as Trump made his way to DC from Palm Beach via Air Force One Sunday. The unnamed reporter is heard asking a question about Trump's diplomacy talks with Russian dictator Vladimir Putin - before being met with a pointed question himself. 'Who [are] you with?' Trump is heard asking over commotion caused by the gaggle. 'Wall Street Journal,' the male reporter replies - paving the way for a meltdown to remember. 'That's what I thought,' Trump snapped back, suggesting the right-leaning paper was somehow out to get him. The response grew more scathing from there - capping what appears to be a falling out between Trump and his old friend Rupert Murdoch, who also owns Fox News and the New York Post. 'Boy, you people treat us so badly,' he said of the paper Murdoch acquired in 2007, months after panning it as a 'globalist' rag and 'polluted' after it criticized his tariffs. The paper notably dubbed such policies as 'The Dumbest Trade War In History' - fueling the increasingly public falling out. 'Wall Street Journal has truly gone to hell,' Trump is heard exclaiming during the now-viral flameout. 'Go ahead, yeah,' he continued, urging the journalist to elaborate on his question. 'Rotten newspaper. You hear me? What I said? It's a rotten newspaper,' he asserted first, however - before being met with a follow-up from the persistent newsman. 'Are there any updates on talks with Vladimir Putin?' the journalist at this point asked - again rubbing the commander-in-chief the wrong way in the process. Trump, 78, responded by refusing to answer - telling the Journal reporter his publication was simply not worth his time and merely a mouthpiece for China, the president's primary adversary when it comes to leveling tariffs. 'I wouldn't tell The Wall Street Journal because it'd be wasting my time,' Trump told all the reporters in attendance. 'There are talks, but I don't want to talk to The Wall Street Journal. 'Look, Wall Street Journal is China-oriented, and they're really bad for this country,' he concluded, days after Elon Musk attacked the Journal for a separate story claiming Tesla had started the process of shopping for a new CEO. In March, Trump declared the paper presents a 'polluted' and 'antiquated' way of thinking, shortly after he found himself on the wrong end of some unflattering coverage surrounding his policies. 'China called Trump's bluff and seems to have won this round,' a portion of a piece from the Journal's usually conservative editorial board last month proclaimed, for instance. A similar shift in attitude was seen on Murdoch-owned asset Fox News and Fox Business, both of which began to criticize the conservative for his approach in April. At the time, the Journal reported an appearance from JPMorgan's Jamie Dimon on Maria Bartiromo's Mornings With Maria was what swayed Trump into pausing tariffs - a move that was almost immediately met with gains to a then tanking stock market. Personalities there such as Jesse Watters and Bartiromo continue to talk up Trump, despite his deepening unpopularity. According to a poll conducted by the network, approval of Trump's job performance is currently at 44 percent - down 5 points from March. has reached out to the Journal for comment.
Yahoo
02-05-2025
- Entertainment
- Yahoo
Fox Star Maria Bartiromo Sucks Up to Trump in Stunning New Video
President Donald Trump rolled out the red carpet for Maria Bartiromo this week—and she wants everyone to know. The Fox Business Network anchor gushed about her private dinner with the president the night prior, praising Trump's 'very successful first 100 days in office' in a fawning segment on Mornings With Maria Thursday. 'The president could not have been more gracious and generous with his time,' she said. During the intimate meal, Bartiromo was wined and dined with 'a bundle of bibb lettuce salad and petite filet of beef with baby kale, followed by strawberry shortake.' She was joined by White House Communications Director Steven Cheung and later fawned about the event for her Mornings With Maria fans. 'I was incredibly honored to have dinner with President Trump and his key communications director, Steven Cheung, at the White House last night,' she wrote, adding that the trio discussed Trump securing the border and 'reining in inflation'—despite major stock market instability prompted by his chaotic tariff rollout. The praise didn't end there. 'After an incredibly busy night meeting business leaders at the press conference and then in the Oval Office, the president was kind enough to dine with me,' she added. Before the feast, she added, she was able to tour the president's home. 'I was so grateful to see some of the president's new designs at the White House and the changes, including that iconic portrait of President Trump with his fist in the air saying fight, fight, fight after being shot in the ear back on July 13 last year,' she said. She ended her speech by expressing extreme gratitude: 'Thank you so much, President Trump, for your leadership, friendship, and protection of this great nation.' Trump reposted the video of Bartiromo's high praise on his Truth Social account. It's not the first time the MAGA lover has dined with Trump, and it's likely far from her last. And Bartiromo isn't the only one that's been wooed by Trump's banquets. Bill Maher recently came under fire for his cozy meal with the president. The comedian compared Trump to a king and later called himself a hero for even stopping by. Like Bartiromo, he called the president 'gracious and measured.' Maher received major backlash for his obsequiousness, including from actor Larry David, who wrote a scalding New York Times essay titled 'My Dinner With Adolf' to parody Maher's visit.
Newsweek
22-04-2025
- Health
- Newsweek
Republican Explains Potential Changes to Medicaid
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. GOP Representative Austin Scott of Georgia explained a potential change House Republicans could make to Medicaid during an interview on Fox Business' Mornings With Maria. Newsweek reached out to House Speaker Mike Johnson for comment via email. Why It Matters More than 80 million Americans are currently enrolled in Medicaid, a government program providing health care to lower income individuals. President Donald Trump has said he would not cut the program, but some Republicans in Congress are eyeing cuts, setting up a potential intraparty battle over the matter. What to Know Scott said House Republicans have been discussing a potential change to Medicaid expansion. Currently, states that have enacted Medicaid expansion under the Affordable Care Act receive a 90 percent federal matching rate, known as the Federal Medical Assistance Percentage (FMAP). This means the federal government takes on 90 percent of those costs, while the state governments take on 10 percent. Republicans are considering lowering the FMAP, which would shift more the funding to the states, Scott told Fox Business anchor Maria Bartiromo on Monday. Representative Austin Scott speaks with reporters in Washington, D.C. on October 23, 2023. Representative Austin Scott speaks with reporters in Washington, D.C. on October 23, 2023. JULIA NIKHINSON/AFP via Getty Images "When the Dems expanded Medicaid under the Affordable Care Act, they made that percentage match 90-10, so the federal government is paying 90 percent of the Medicaid expansion," Scott said. "What we have talked about is moving that 90 percent level of the expansion back to the more traditional levels of 50 to approximately 80 percent, instead of the 90-10." He said "nobody would be kicked off Medicaid" as long as governors continued to fund the program. "We are talking about the state governments paying a small percentage increase in their share of the Medicaid costs of their citizens," he said. Any efforts to cut Medicaid funding would likely be met with opposition from Democrats, but some Republicans as well. A dozen centrist Republicans wrote a letter to House Republican leaders last week indicating they would "not support a final reconciliation bill that includes any reduction in Medicaid coverage for vulnerable populations." What People Are Saying Senator Ruben Gallego, an Arizona Democrat, on X: "Austin and the Republicans know that states have automatic triggers if the federal match falls below 90 percent they will kick off the working poor from Medicaid. 100 of thousands of Arizona families would lose Medicaid coverage." Dr. Michelle Au, an anesthesiologist and Democratic Georgia state Representative, on X: "The 9 to 1 federal match applies to states that fully expanded Medicaid under the Affordable Care Act. Congressional Republicans know states can't cover the same number of patients if this federal match is cut. It also allows them to blame governors for the cuts Congress makes." What Happens Next House leadership have not formally announced any plans to change Medicaid. Congress is expected to continue working on Trump's legislation, which is expected to include tax cut extensions, as well as potential spending cuts.
