Latest news with #TheBottomLine
CNBC
19-05-2025
- Business
- CNBC
Tariffs could signal decline of American influence in the world: Robert Reich
Former Labor Secretary Robert Reich warned that the tariffs from President Donald Trump's economic policy agenda could signal the end of American influence in the world. In a recent episode of "The Bottom Line," Reich, a professor at the University of California, Berkeley, said when global investors, including Americans, started pulling their money out of Treasury bills and away from U.S. dollars after the tariffs were announced, America's standing in the world may have wavered. The U.S. dollar and Treasury bills are the safest places in the world to hold money, Reich said. If that changes, the U.S. would "lose power and we would also lose a lot of wealth in this country," he said. "Having the dollar be the reserve currency helps all of us Americans here because we get, in a sense, a free ride," Reich said. "We get the benefits of the rest of the global economy investing in us." He questioned why the Trump administration would want to create policies that end this American hegemony sooner than might have otherwise happened. Reich also said the tariffs are hardest on Americans with lower incomes. "Every consumer, effectively, is poorer," he said. "It is a regressive tax in the sense that consumers who have lower incomes ... have to pay a larger portion of their incomes in the form of this tariff tax." Watch the video to hear more from Robert Reich about the future of manufacturing in America, immigration, and what companies can do to protect their bottom lines.
Newsweek
10-05-2025
- Politics
- Newsweek
Full List of Fox News Personalities Serving in Donald Trump Administration
Based on factual reporting, incorporates the expertise of the journalist and may offer interpretations and conclusions. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump's decision to tap Fox News host Judge Jeanine Pirro as the interim U.S. attorney for the District of Columbia continues to showcase the tight relationship he has maintained with the network throughout both of his administrations. Newsweek has reached out to Fox News Media by email outside of normal business hours for comment. Why It Matters Trump's elevation of Pirro, a staunch ally, to D.C.'s top prosecutorial role would come after the president told reporters in the Oval Office on Thursday that Ed Martin—currently serving as D.C.'s interim U.S. attorney—will not be considered for the permanent role. Trump's decision to pull Martin's nomination came after Senator Thom Tillis, a North Carolina Republican and a member of the Senate Judiciary Committee, said this week that he would not support Martin, effectively tanking his nomination because it meant he likely wouldn't secure enough votes to advance before the full Senate. What To Know Pirro is the 23rd current or former Fox News employee Trump has recruited for his administration since taking office earlier this year. However, his relationship with the network runs far deeper and longer than just this year nominees. During his first administration, Trump regularly called Fox News hosts live on air to have impromptu, off-the-cuff interviews. He also allegedly would consult any number of hosts off the air, including Fox News powerhouse Sean Hannity. Trump, however, decided to elevate that special relationship in his second administration by appointing hosts, many of whom have only ever had glowing praise for Trump during their broadcasts, to key Cabinet positions and high-profile roles. Comedian and TV host Bill Maher quipped on Friday night during Real Time with Bill Maher that "I've heard of state-run TV; this is TV run state." An advertisement for the inauguration of President Donald Trump on Fox News is seen at a metro station on January 20 in Washington, D.C. An advertisement for the inauguration of President Donald Trump on Fox News is seen at a metro station on January 20 in Washington, News Personalities in the Trump Administration The highest profile picks have been Pete Hegseth, one of the hosts of Fox & Friends Weekend, who took over the Pentagon as secretary of defense, and Dan Bongino, who left Fox in 2023 to focus on his podcast and now serves as the deputy director of the Federal Bureau of Investigation (FBI). Sean Duffy, the current secretary of transportation, had co-hosted FOX Business program The Bottom Line before Trump tapped him to join the administration, and his wife, Rachel Campos-Duffy, also a former co-host of Hegseth's, continues to host Fox & Friends Weekend. One lesser-known connection is current Director of National Intelligence (DNI) and former Congresswoman Tulsi Gabbard, whom Fox hired as a contributor in 2022 as she grew increasingly critical of the Biden administration and its support of Ukraine. She frequently appeared on Tucker Carlson Tonight until Carlson left Fox in 2023. Secretary of Transportation Sean Duffy (left) speaks with Secretary of Defense Pete Hegseth in the Brady Press Briefing Room at the White House on January 30 in Washington, D.C. Secretary of Transportation Sean Duffy (left) speaks with Secretary of Defense Pete Hegseth in the Brady Press Briefing Room at the White House on January 30 in Washington, Waltz, Trump's new United Nations ambassador and former national security adviser who departed his role following a high-profile scandal in which a journalist was included in a high security chat group on the app Signal, had briefly worked as a paid Fox contributor in the year prior to winning election to the House of Representatives in 2017. Another Fox News contributor, retired three-star U.S. General Keith Kellog, now serves as the special envoy for Ukraine and Russia, and Mike Huckabee, the former governor of Arkansas and current ambassador to Israel, had hosted a weekly Fox program for six years ending in 2015. Judge Jeanine Pirro attends 2024 Paley Honors at Cipriani 42nd Street on June 13, 2024, in New York City. Judge Jeanine Pirro attends 2024 Paley Honors at Cipriani 42nd Street on June 13, 2024, in New York appointees include: Michael Bastasch , a writer at Fox between 2019 and 2022, now serves as the Environmental Protection Agency (EPA) senior adviser for communications , a writer at Fox between 2019 and 2022, now serves as the Environmental Protection Agency (EPA) senior adviser for communications Tammy Bruce , who appeared across Fox News programs including her own Get Tammy Bruce on Fox Nation and was a paid contributor, now serves as the State Department spokesperson , who appeared across Fox News programs including her own Get Tammy Bruce on Fox Nation and was a paid contributor, now serves as the State Department spokesperson Sara Carter , who also was a Fox News contributor frequently appearing on Hannity's program, now serves as the director of the Office of National Drug Control Policy , who also was a Fox News contributor frequently appearing on Hannity's program, now serves as the director of the Office of National Drug Control Policy Kimberly Guilfoyle , the current ambassador to Greece, was a founding member of popular Fox show The Five. She also worked as a campaign aide to the first Trump administration and was engaged to Donald Trump Jr. until 2024 , the current ambassador to Greece, was a founding member of popular Fox show The Five. She also worked as a campaign aide to the first Trump administration and was engaged to Donald Trump Jr. until 2024 Tom Homan , the "border czar," joined Fox as a contributor in 2018 and remained as such until Trump named him to the critical immigration role , the "border czar," joined Fox as a contributor in 2018 and remained as such until Trump named him to the critical immigration role Morgan Ortagus , deputy special envoy for Middle East peace, worked as a Fox contributor and appeared across all the major programs, including Fox & Friends, Outnumbered, and The Five , deputy special envoy for Middle East peace, worked as a Fox contributor and appeared across all the major programs, including Fox & Friends, Outnumbered, and The Five Leo Terrell, who joined Fox in 2021, frequently spoke out on sensitive social issues across Fox's many programs, and now serves as senior counsel to the assistant attorney general for civil rights Additionally, Trump appointed FOX Business host Maria Bartiromo and Fox News host Laura Ingraham to the board of the Kennedy Center for the Performing Arts in Washington, D.C., and Fox News host Mark Levin serves on the Homeland Security Advisory Council.
Yahoo
09-05-2025
- Business
- Yahoo
Saks Connections: Luxury Reset and Industry Shake-up
Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later. And then there's a focal point — some kind of friction or worry — that animates it all, forcing a kind of forward momentum. More from WWD What's the Big Idea? The WWD Beauty CEO Summit Speakers Have Quite a Few Saks Arrived on Amazon, the Trade War Is Still on Its Way Saks Bondholders Prove to Be a Tough Sell The state of Saks Global is not just a good controversy — it's a great one. Instead of only a few players, there's a kaleidoscope of interests all coming together, looking to merge Saks and Neiman Marcus, build the future of luxury shopping, continue to ship their goods — or just get out with a return on their investment. At the center of it all are Saks' executive chairman Richard Baker and its chief executive officer Marc Metrick. It was Baker who realized his years-long dream to buy Neiman's, closing a hard-fought $2.7 billion deal last year. But it's Metrick who has the day-to-day responsibility for making it work. Their attempt to reset the luxury model has included longer payment terms for vendors, a new organizational structure with a commercial team instead of chief merchants, cost cutting and more. Each step of the way there has been something noteworthy — a ton of angst, some strategic pivot, strange bedfellows or big-time money. Early investors like Insight Partners, who gave the company $500 million in 2021 to establish a stand-alone Saks e-commerce business, needed to flex with the changing market and strategy. New investors and partners had to be brought onboard, including Amazon, which just launched a Saks e-commerce storefront. Brands that kept shipping to Saks even as past-due bills piled up needed to accept a delayed repayment schedule. Factors, like Hilldun's Gary Wassner, had to navigate between brands and the retailers, deciding which shipments to secure. The workforce at Saks and Neiman's weathered cuts and some store closures. And all the while competitors like LuxExperience, the new Mytheresa and Net-a-porter mashup, have have been angling for advantage. Now it's the bondholders who have surged to the fore. Even though it was just five months ago that Saks sold $2.2 billion in bonds to finance the combination, the investors holding that debt are nervous, trading it for less than 58 cents on the dollar. Metrick said the company has nearly $400 million in liquidity. But talk of liquidity is rarely all that reassuring and the market — made up of the hundreds of investors who now hold the bonds — is looking ahead to a roughly $120 million interest payment due at the end of June. That comes on top of the bills to vendors for spring merchandise and the back payments to brands that are promised to start in July. Bondholders are now waiting to see how the luxury reset will play out. They have plenty of company. The Bottom Line is a business analysis column written by Evan Clark, deputy managing editor, who has covered the fashion industry since 2000. It appears periodically. Best of WWD Tailoring Black Style: Celebrating Iconic Black Male Figures in Fashion Kate Middleton and Prince William's 14 Most Iconic Matching Moments: A Celebration of Style and Love 14 Cutest Kate Middleton and Prince William's Look-alike Couple Style Moments [PHOTOS] 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
Yahoo
09-05-2025
- Politics
- Yahoo
Trump Continues Poaching From Fox, Taps Host Jeanine Pirro as D.C. Prosecutor
President Donald Trump tapped Fox News host Jeanine Pirro, a former county prosecutor and elected judge, to serve as the interim U.S. attorney in Washington, D.C. Trump announced the news after dropping his previous nomination for the position, Ed Martin. The president lauded Pirro as 'a powerful crusader for victims of crime' in a Truth Social post. 'Jeanine is incredibly well qualified for this position, and is considered one of the Top District Attorneys in the History of the State of New York. She is in a class by herself.' Pirro joined Fox News as a host in 2011, and has been an ardent supporter of the twice-impeached president throughout his myriad of criminal and civil investigations. In 2021, voting machine company Smartmatic USA sued Fox News, Pirro and other Fox hosts, accusing them of spreading lies that the company helped sabotage the 2020 presidential election from Trump. The lawsuit remains pending. Before recently serving as co-host of the network's The Five, Pirro previously hosted weekend show Justice With Judge Jeanine. 'Jeanine Pirro has been a wonderful addition to The Five over the last three years and a longtime beloved host across FOX News Media who contributed greatly to our success throughout her 14-year tenure. We wish her all the best in her new role in Washington,' a Fox News Media spokesperson said in a statement. Pirro will join a string of former Fox News employees plucked by Trump including Defense Secretary Pete Hegseth, who co-hosted Fox & Friends Weekend, and former co-host of The Bottom Line, Transportation Secretary Sean Duffy. Trump's announcement of Pirro's appointment as the U.S. attorney for D.C. arrives after the president withdrew Martin, his first pick for the role, from consideration following bipartisan criticism over Martin's support for Jan. 6 rioters. 'He is a terrific person. He wasn't getting the support from people that I thought,' Trump told reporters at the White House. 'I can only lift that little phone so many times in a day.' The president said that Martin would be moving to the Justice Department as the director of the Weaponization Working Group, as well as associate deputy attorney general and pardon attorney, to focus on the alleged 'weaponization' of the government during the Biden administration. More from Rolling Stone U.S. Military to Start Removing Openly Transgender Troops Who Is the Holistic Influencer Trump Tapped to Be Surgeon General? 'Do You Like Tootsie Rolls?': Inside Trump's Hardcore Candy Addiction Best of Rolling Stone The Useful Idiots New Guide to the Most Stoned Moments of the 2020 Presidential Campaign Anatomy of a Fake News Scandal The Radical Crusade of Mike Pence
Yahoo
09-05-2025
- Politics
- Yahoo
All the Major Fox Stars Trump Has Enlisted in His Second Administration
President Donald Trump's aides have been camera-ready for years. Keeping true to his first term, the president has relied on Fox News' pool of talent to shape his administration once again, plucking the network's fiercest and most loyal constituents to serve beside him for Trump 2.0. While Trump's first term saw him employ former Fox News contributors like John Bolton into high-ranking roles, his second term has seen him gravitate toward even bigger stars on the network's programming, nabbing several primetime mainstays and plopping them in the Oval Office instead. From Pete Hegseth to Sean Duffy, here are some of the biggest former Fox employees Trump has appointed to top roles in the White House. Prior to working on Fox News, Jeanine Pirro had an expansive career in politics and law which saw her achieve multiple milestones like becoming the first woman to be elected as district attorney of Westchester County in the '90s. Pirro joined Fox News in the 2000s and was the host of Justice with Judge Jeanine from 2011 to 2022. She then became a co-host of The Five in 2022, before leaving the network to fulfill her appointment as acting attorney for the District of Columbia. Her support of Trump has seen her push numerous conspiracy theories, including doubts around his 2020 election loss. She was named in litigation against Fox by Dominion Voting Systems. Fox eventually settled with Dominion for $787.5 million. Defense Secretary Pete Hegseth initially joined Fox News as a contributor in 2014. He later became the co-host of Fox & Friends Weekend between 2017 to 2024, before assuming his tenure as the head of the Pentagon. His role has hit a shaky start with Signalgate defining a large chunk of his appointment so far, while reports of chaos inside the Pentagon are exacerbating concern. Prior to both his careers at Fox and the White House, Hegseth served in the Army as an infantry officer in the National Guard. Sean Duffy had a long career in politics prior to becoming secretary of transportation. Between 2011 to 2019, Duffy served in Congress as the representative for Wisconsin's 7th congressional district. Following his resignation, he moved on to Fox Business where he became a co-host of The Bottom Line with Dagen and Duffy for some time before being appointed into his current role by the president. As transportation secretary, Duffy faces the gargantuan task of re-hauling the air traffic control system. Before she was Trump's nominee as U.S. ambassador to Greece, Kimbery Guilfoyle was a staple at Fox News for over a decade. Guilfoyle worked at the network between 2006 to 2018, where she also co-hosted The Five. The former television host was also engaged to the president's son, Donald Trump Jr., before their split in 2024. Dan Bongino, the deputy director of the Federal Bureau of Investigation (FBI), had a storied career in law enforcement before becoming a commentator and media personality at Fox News. Between 2021 to 2023, the FBI head hosted Unfiltered with Dan Bongino, having already been a contributor at the network since 2019. He also hosted a five-part series on cancel culture for Fox's streaming service, Fox Nation, called Canceled in 2021. Prior to becoming the spokesperson for the Department of State, Tammy Bruce was a Fox News contributor and longtime political commentator. She also hosted Fox Nation's Get Tammy Bruce which ran between 2019 to 2023. Mike Huckabee is currently serving as the U.S. ambassador to Israel. Prior to his appointment by Trump, he hosted an eponymous talk show, Huckabee, on Fox News between 2008 to 2015 and was a regular contributor at the network. Huckabee also served as the governor of Arkansas from 1996 to 2007. Richard Grenell was a former Fox News contributor before serving as Trump's special presidential envoy for special missions. He also assumed several roles during Trump's first administration, acting as U.S. ambassador to Germany from 2018 to 2020, and later, a special presidential envoy for Serbia and Kosovo negotiations from 2019 to 2021. He has clashed in recent weeks with performers who are unhappy with Trump's conservative takeover of the Kennedy Center. Border czar Tom Homan was a Fox News contributor and commentator for years before taking charge of the nation's borders. During Trump's first term, Homan served as acting director of Immigration and Customs Enforcement between 2017 to 2018. He then became a contributor at Fox News, where he often spoke on immigration. Prior to becoming director of national intelligence, Tulsi Gabbard had a lengthy career in government, serving as a representative for Hawaii's 2nd congressional district from 2013 to 2021. In 2022, she also became a contributor at Fox News and has made numerous appearances on the network's programming. Trump's appointees list also includes a handful of former Fox contributors and even associate producers. Some of them are: Sergio Gor, Director of the Presidential Personnel Office (a former Fox News booker and associate producer) Sebastian Gorka, Deputy Assistant to the President and Senior Director for Counterterrorism (former Fox News contributor) Monica Crowley, Nominee for State Department Chief of Protocol (former Fox News contributor) Dr. Janette Nesheiwat, Former Nominee for Surgeon General of the United States (former Fox News medical contributor) Morgan Ortagus, Deputy United States Special Envoy to the Middle East (former Fox News national security contributor)
