Latest news with #Republican-lead
Miami Herald
09-05-2025
- Business
- Miami Herald
Stock Market Today: Stocks higher on trade optimism; China talks in focus
U.S. equity futures edged higher in early Friday trading, while Treasury yields held at multi-week highs, as investors parsed details of a U.S.-UK trade agreement and looked to weekend talks with China that could potentially lead to a longer-term thaw in relations between the world's two biggest economies. Stocks ended higher across the board on Thursday, buoyed by a framework trade agreement between the U.S. and the UK that, while a positive move for the administration, fell far short of the "comprehensive" arrangement President Trump had earlier touted. The President's comments on China trade talks, which are set to begin with preliminary meetings this week in Switzerland, as well as his view that markets will rise once at deal is matched with Republican-lead tax cuts, added to the session's overall gains. Markets are riding a wave of optimism, with US stocks rallying Thursday on hopes of lower tariffs," said Kevin Ford, FX and macro strategist at London-based Convera. "However, the baseline 10% tariff remains unchanged, signaling that double-digit tariffs are likely here to stay." Image source:Treasury bond yields, however, moved firmly higher following a weaker-than-expected auction of $25 billion in new 30-year paper, which drew muted overseas interest and commanded a higher return as a result. Benchmark 10-year notes were last marked at 4.375%, after rising nearly 10 basis points during the Thursday session, while 2-year paper was pegged at a three-week high of 3.862%. Those moves, as well as the market's unease heading into the weekend's U.S-China trade talks, are likely to weigh on stocks through the Friday session, which is also replete with public comments from Federal Reserve officials following Wednesday's policy meeting. Heading into the start of the trading day on Wall Street, futures contracts tied to the S&P 500 were priced for an opening bell gain of around 9 points, with the Dow Jones Industrial Average called 10 points higher. The tech-focused Nasdaq, meanwhile, looks set for a 50 point advance with Nvidia (NVDA) , Tesla (TSLA) and Intel (INTC) active in premarket dealing. More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies biteU.S. recession risk leaps as GDP shrinksLike it or not, the bond market rules all In overseas markets, Britain's FTSE 100 gained 0.45% in mid-day London trading following yesterday's trade framework agreement, with the regional Stoxx 600 benchmark rising 0.47%. Overnight in Asia, the Nikkei 225 powered 1.56% higher in Tokyo off the back of Wall Street's solid finish, while the regional MSCI ex-Japan benchmark rose 0.46% into the close of trading. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
02-04-2025
- Health
- Yahoo
U.S. Supreme Court to debate if states can strip Medicaid funds for Planned Parenthood
April 2 (UPI) -- The U.S. Supreme Court on Wednesday will hear arguments on if states can ultimately remove Planned Parenthood from its Medicaid funding. The justices will ultimately decide if Medicaid beneficiaries will be able to freely choose healthcare providers including Planned Parenthood physicians with a ruling potentially arriving as early as June. "Taxpayers don't want their Medicaid dollars going to an organization that is taking unborn lives," said John Burch, a lawyer representing South Carolina. Planned Parenthood provides a wide array of health services beyond abortion, cancer screenings, contraception, physical exams, STI treatment and testing. Nearly $700 million, or about 34% of its total revenue, comes from funding streams like government grants, contracts and Medicaid. The technical legal dispute will center on if Medicaid patients have a right to file suit to enforce the requirements included in Congressional spending bills. South Carolina's Gov. Henry McMaster, a Republican, in 2018 issued an executive order that disqualified Planned Parenthood from getting federal Medicaid reimbursement funding for non-abortion services. "I have called doctors in the past who have told me they are accepting new patients, only to have them reverse themselves when they find out I have Medicaid," 37-year-old Julie Edwards, a legal challenger, said in 2018 when litigation began. "I feel judged for being poor and disabled, and after a while, that can wear a person down," Another lawyer said medical decisions are a personal choice and the state cannot dictate where a person gets medical care. "South Carolina has conceded throughout this litigation that Planned Parenthood is a medically qualified provider," said Nicole Saharsky, representing Planned Parenthood. The state's real objection, she added, is that "they just don't like Planned Parenthood." Data shows nearly half of Planned Parenthood's U.S. patients get their health care through Medicaid, but in South Carolina it's more restrictive like in other Republican-lead states like Texas and Arkansas. "It's not about abortion," Catherine Humphreville, senior staff attorney at Planned Parenthood Federation of America, told CNN. "It's about peoples' ability to access basic services like birth control, like well-person exams, like cancer screenings. Many patients just don't have access to these services." Meanwhile, former top officials in the U.S. Department of Health and Human Services in March filed a brief arguing against the Trump administration's reversal of "the long-time position of HHS."
Yahoo
25-03-2025
- Politics
- Yahoo
Nassau Democrats block County Executive Blakeman's $400M plan
LONG ISLAND, N.Y. (PIX11) – Nassau Democrats have accused County Executive Bruce Blakeman of withholding critical first responder funding for their districts – and have refused to approve his $400 million plan for the county. Lawmakers abstained from voting at the Nassau County Legislature on Monday in the stand-off, which goes back to the beginning of 2025. Democrats are demanding Blakeman sign an agreement that would guarantee their districts a share of money for their police, fire and public safety needs. More Local News They argued Blakeman has denied their districts essential public funding for the last two years while showering only his fellow Republican-lead districts with the cash instead. Democrats pointed out that 31 Republican-lead towns received funding while their hamlets were left without money to pay for essential fire and police needs, like bulletproof vests and bunker gear. Blakeman decried what he called quid pro quo, but Democrats said not voting is the only way to ensure the county executive will equally share money across the county. Democrats said they're willing to keep negotiating and are hoping another vote can be scheduled next month. Republicans would need just one Democrat to vote with them to release the more than $400 million in funding. Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018. She joined PIX11 in 2023. See more of her work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-03-2025
- Politics
- Yahoo
N.Y. Democratic Sen. Chuck Schumer cancels book tour over security concerns
March 17 (UPI) -- Senate Minority Leader Chuck Schumer has postponed a number of U.S. stops on a book tour over safety concerns after outrage among the Democratic base for his vote related to the averted government shutdown. The New York Democrat, 74, was slated to be in New York City, Baltimore, Washington, Philadelphia and several California cities for the release of his new book, Antisemitism in America: A Warning. "Due to security concerns, Sen. Schumer's book events are being rescheduled," Risa Heller, his book tour spokeswoman, wrote in a statement. Schumer received backlash from many in the Democratic Party after he whipped nine other Senate Democrats to pass the Republican-lead funding bill backed by President Donald Trump in a 62-38 vote that kept the U.S. government open for another six months. Schumer argued that a shutdown plays in favor of billionaire Elon Musk's and the Trump administration's ongoing effort to dismantle the federal bureaucracy, and that voting for it was the better of two bad options. One of the postponed events in New York was scheduled to be a conversation between Schumer and Rep. Ritchie Torres, D-N.Y., who joined the criticism of the minority leader's decision. "Bailing out the Republicans without extracting anything in return is political malpractice," Torres wrote on X. He called it a "strategic miscalculation that we as a party might live to regret" in a separate post. According to two websites for the Washington and Baltimore events, "Sen. Schumer's book tour events during the week of March 17 are being postponed for security reasons." "We will work to reschedule this event at a later date," it added.
