Latest news with #TrumpAlwaysChickens
Yahoo
8 hours ago
- Business
- Yahoo
Investors were looking for relief from tariffs. Instead, they got more uncertainty.
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Happy Friday! Have you ever watched a documentary and wondered, How did they get that footage? Jake Gabbard, a BI video producer, described spending two weeks filming the Army's grueling mountain warfare school in Vermont. (The end result, which shows soldiers being trained on mountaineering, cold-weather skills, and high-elevation tactics, is worth a watch, too.) In today's big story, a federal court's ruling against President Donald Trump's tariffs doesn't mean the markets are in the clear. What's on deck Markets: An exclusive interview with Wall Street's Dr. Doom about his early success as a money manager. Tech: Take a look at how much Walmart has previously spent on Azure cloud services. Business: Airbnb CEO Brian Chesky explains why understanding the differences between founders and managers is key. But first, it's all still a bit unclear.A federal court halting the tariff strategy that has tortured the market this year isn't a silver bullet for investors. Major indexes jumped Thursday morning thanks to the US Court of International Trade ruling that President Donald Trump didn't have the power to impose some of his wide-reaching tariffs. Whiplash ensued less than 24 hours later when an appeals court reinstated the tariffs while it reviewed the administration's arguments. Even if Trump's tariffs are ultimately ruled illegal, the risk of a trade war remains. After Wednesday's initial ruling, experts told BI's Christine Ji that Trump has other options that could further sow chaos in an already wild trading environment. Importantly, the entire episode demonstrates the ongoing uncertainty around an issue that has weighed heavily on the market. The constant threat and subsequent pullback of tariffs have proved a challenge for investors in recent months. Citadel's Ken Griffin went as far as saying you'd have been better off keeping your money on the sidelines, which is not the type of thing people who manage money for a living often suggest. Donald Trump, as always, is another X factor. One immediate solution for continuing his trade agenda could be the Trade Act of 1974. I'm sure you're well-versed on that US legislation, but if you aren't, it allows the president to impose tariffs up to 15% for 150 days. If Trump continues his tariff fight in the courts, that'll further complicate trade negotiations. Will a trading partner take the president's threat of tariffs seriously if he might not even have the authority to implement them? Stephanie Roth, chief economist at Wolfe Research, also highlighted to Christine the recently popular TACO trade — Trump Always Chickens Out — as another variable. The notion that he won't commit to harder tariffs, along with the court ruling, could push Trump to double down on his agenda. "There's a possibility he attempts to do some sort of surprise," Roth told Christine. 1. Wall Street's Dr. Doom takes on money management. Bearish economist Nouriel Roubini launched America Atlas Fund in November. Since its inception, the fund is up 4%, outperforming the S&P 500. Here's how it resists volatility. 2. Goldman Sachs is on defense as it faces "disruptive policy" shifts. Amid President Trump's trade war and policies, Goldman President and COO John Waldron said the bank is tamping down risk. For him, tariffs are just one piece of the puzzle, though. 3. What top Tesla investors want from Elon Musk. Now that Musk is leaving Washington, a group of the EV maker's investors drafted a list of requests for the tech billionaire. Items include a 40-hour-per-week commitment to the company and a CEO succession plan. 1. Cleaning up "The Everything Store." A document revealed Amazon's plan — discreetly called the "Bend the Curve" program — to purge at least 24 billion unique product listings from its marketplace. Axing underperforming items can save the company millions in server costs. 2. Microsoft and Walmart are cozier than previously thought. Last week, Microsoft's AI security head accidentally leaked details about its partnership with Walmart. Then, a separate document viewed by BI shows Walmart has spent about $580 million on Microsoft Azure's cloud services between June 2023 and May 2024, which could make it one of Microsoft's biggest cloud customers. 3. One of Nvidia's most important numbers doesn't have a $ attached. Token growth lets the chip giant know how much people are actually using AI and, therefore, its chips. It was a big propeller of Nvidia's Q1 earnings beat, but it's also pretty tricky to track. 1. Mark Zuckerberg and Palmer Luckey are cool now. The foes-turned-friends are teaming up for a US military project, building extended reality gear for soldiers. The Meta-Anduril system, Eagle Eye, will use AI and sensors in headsets and other wearables to enhance vision, Luckey said. 2. How is a business like a baby? Founders are like parents, Airbnb CEO Brian Chesky said on a recent podcast appearance. Chesky said founders have the authority to make big changes and know their metaphorical business baby better than anyone. They also run into two big challenges. 3. The Great Flattening isn't confined to Big Tech. As companies face recession fears and tariff uncertainty, middle managers are at risk. Amazon and Google already announced plans to cut thousands of workers, and now retailers like Walmart are aiming to "remove layers and complexity." Costco is taking a page from Sam's Club's playbook to speed up checkout at warehouses. Tiger Global, more than two years removed from its 56% loss in 2022, walks investors through what's changed — and compares the firm to Rory McIlroy. Starbucks is scaling back one of its popular point perks. Reid Hoffman says AI can't be your friend — and pretending it can is harmful. The taboo colon cancer symptom millennials are afraid to tell their doctors about. At Diddy trial, his consensual-sex defense is undercut by a personal assistant's wrenching rape testimony. Elon Musk's right-hand man is leaving DOGE, too. President Trump delivers remarks at US Steel Corporation Irvin Works. US Commerce Department releases Advance Economic Indicators Report. The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider 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
9 hours ago
- Business
- Yahoo
Investors were looking for relief from tariffs. Instead, they got more uncertainty.
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Happy Friday! Have you ever watched a documentary and wondered, How did they get that footage? Jake Gabbard, a BI video producer, described spending two weeks filming the Army's grueling mountain warfare school in Vermont. (The end result, which shows soldiers being trained on mountaineering, cold-weather skills, and high-elevation tactics, is worth a watch, too.) In today's big story, a federal court's ruling against President Donald Trump's tariffs doesn't mean the markets are in the clear. What's on deck Markets: An exclusive interview with Wall Street's Dr. Doom about his early success as a money manager. Tech: Take a look at how much Walmart has previously spent on Azure cloud services. Business: Airbnb CEO Brian Chesky explains why understanding the differences between founders and managers is key. But first, it's all still a bit unclear.A federal court halting the tariff strategy that has tortured the market this year isn't a silver bullet for investors. Major indexes jumped Thursday morning thanks to the US Court of International Trade ruling that President Donald Trump didn't have the power to impose some of his wide-reaching tariffs. Whiplash ensued less than 24 hours later when an appeals court reinstated the tariffs while it reviewed the administration's arguments. Even if Trump's tariffs are ultimately ruled illegal, the risk of a trade war remains. After Wednesday's initial ruling, experts told BI's Christine Ji that Trump has other options that could further sow chaos in an already wild trading environment. Importantly, the entire episode demonstrates the ongoing uncertainty around an issue that has weighed heavily on the market. The constant threat and subsequent pullback of tariffs have proved a challenge for investors in recent months. Citadel's Ken Griffin went as far as saying you'd have been better off keeping your money on the sidelines, which is not the type of thing people who manage money for a living often suggest. Donald Trump, as always, is another X factor. One immediate solution for continuing his trade agenda could be the Trade Act of 1974. I'm sure you're well-versed on that US legislation, but if you aren't, it allows the president to impose tariffs up to 15% for 150 days. If Trump continues his tariff fight in the courts, that'll further complicate trade negotiations. Will a trading partner take the president's threat of tariffs seriously if he might not even have the authority to implement them? Stephanie Roth, chief economist at Wolfe Research, also highlighted to Christine the recently popular TACO trade — Trump Always Chickens Out — as another variable. The notion that he won't commit to harder tariffs, along with the court ruling, could push Trump to double down on his agenda. "There's a possibility he attempts to do some sort of surprise," Roth told Christine. 1. Wall Street's Dr. Doom takes on money management. Bearish economist Nouriel Roubini launched America Atlas Fund in November. Since its inception, the fund is up 4%, outperforming the S&P 500. Here's how it resists volatility. 2. Goldman Sachs is on defense as it faces "disruptive policy" shifts. Amid President Trump's trade war and policies, Goldman President and COO John Waldron said the bank is tamping down risk. For him, tariffs are just one piece of the puzzle, though. 3. What top Tesla investors want from Elon Musk. Now that Musk is leaving Washington, a group of the EV maker's investors drafted a list of requests for the tech billionaire. Items include a 40-hour-per-week commitment to the company and a CEO succession plan. 1. Cleaning up "The Everything Store." A document revealed Amazon's plan — discreetly called the "Bend the Curve" program — to purge at least 24 billion unique product listings from its marketplace. Axing underperforming items can save the company millions in server costs. 2. Microsoft and Walmart are cozier than previously thought. Last week, Microsoft's AI security head accidentally leaked details about its partnership with Walmart. Then, a separate document viewed by BI shows Walmart has spent about $580 million on Microsoft Azure's cloud services between June 2023 and May 2024, which could make it one of Microsoft's biggest cloud customers. 3. One of Nvidia's most important numbers doesn't have a $ attached. Token growth lets the chip giant know how much people are actually using AI and, therefore, its chips. It was a big propeller of Nvidia's Q1 earnings beat, but it's also pretty tricky to track. 1. Mark Zuckerberg and Palmer Luckey are cool now. The foes-turned-friends are teaming up for a US military project, building extended reality gear for soldiers. The Meta-Anduril system, Eagle Eye, will use AI and sensors in headsets and other wearables to enhance vision, Luckey said. 2. How is a business like a baby? Founders are like parents, Airbnb CEO Brian Chesky said on a recent podcast appearance. Chesky said founders have the authority to make big changes and know their metaphorical business baby better than anyone. They also run into two big challenges. 3. The Great Flattening isn't confined to Big Tech. As companies face recession fears and tariff uncertainty, middle managers are at risk. Amazon and Google already announced plans to cut thousands of workers, and now retailers like Walmart are aiming to "remove layers and complexity." Costco is taking a page from Sam's Club's playbook to speed up checkout at warehouses. Tiger Global, more than two years removed from its 56% loss in 2022, walks investors through what's changed — and compares the firm to Rory McIlroy. Starbucks is scaling back one of its popular point perks. Reid Hoffman says AI can't be your friend — and pretending it can is harmful. The taboo colon cancer symptom millennials are afraid to tell their doctors about. At Diddy trial, his consensual-sex defense is undercut by a personal assistant's wrenching rape testimony. Elon Musk's right-hand man is leaving DOGE, too. President Trump delivers remarks at US Steel Corporation Irvin Works. US Commerce Department releases Advance Economic Indicators Report. The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider 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
Time of India
21 hours ago
- Politics
- Time of India
TACO Trump: Jimmy Kimmel brutally trolls President on his show, asks 'How does it feel?'
TACO is the new trend on social media these days. No, people are not talking about the tasty Mexican dish but rather an acronym that doubles as Wall Street's favourite new nickname for President Donald Trump. A new trading myntra is gaining popularity among investors: TACO, which stands for " Trump Always Chickens Out ". Jimmy Kimmel did not miss the opportunity and went all in on the viral taco memes making fun of President Donald Trump. He said President Donald Trump has changed his tariff policy so often that the process has been given a mocking new nickname: TACO. Jimmy Kimmel roasts Trump Kimmel explained how TACO is an acronym, coined by Financial Times columnist Robert Armstrong, which stands for 'Trump Always Chickens Out.' It's been used by prominent Democrats online to make fun of Trump's tariff indecisiveness. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like "엄마 먼저 가지마...내 곁에 있어" 월드비전 더 알아보기 Undo 'How does it feel to be on the other end of the nickname game?' Kimmel asked Trump. 'Not great, does it?' 'You're not gonna believe this,' Kimmel said. 'He doesn't like the nickname at all.' ALSO READ: Will a potential recession in US provide discounted opportunities to home buyers? Check details Live Events Kimmel said Trump flipped out at a reporter who asked him about the name, calling it 'a nasty question.' 'But it seems to be catching on,' Kimmel said, then showed off some of his favorite TACO Trump chicken memes. '[Trump] doesn't like the nickname at all,' Kimmel said. 'He called it a nasty question, but it seems to be catching on. There's been an outpouring of taco-themed AI on social media ... all in celebration of our El Pollo Loco.' Kimmel believed that the taco jokes, though perhaps childish, were the natural result of Trump's behavior throughout his second term. 'Trump has changed his tariff policy more than 50 times, as any stable genius would, and that is starting to catch up to him,' Kimmel pointed out. 'Yesterday, the Court of International Trade ruled unanimously that Trump does not have the authority to implement the big, beautiful tariffs he's slapping on everyone,' Kimmel said. ALSO READ: Major US banks to close all locations for 24 hours in weeks for upcoming federal holiday He explained further, 'Trump's lawyers immediately appealed the decision. The DOJ claims that stopping these tariffs would take away Trump's leverage in trade negotiations and embolden other countries to take advantage of him.' He joked, 'Basically, the court pulled down [Trump's] pants and showed China his little mushroom.' Kimmel also bid farewell to Elon Musk, who on Friday will officially leave the White House after 130 days of deeply unpopular DOGE federal budget cuts. 'He came, he chainsawed, we bled, he left,' Kimmel said. 'When he started, he promised to save us a trillion dollars,' Kimmel noted. 'Now he says DOGE will probably only save about $160 billion, whereas most everyone else says he probably cost us hundreds of billions of dollars.' ALSO READ: A list of US states where seniors are most vulnerable to social security cuts 'But here's the thing,' Kimmel joked, 'Politics isn't about money. It's not about success. It's not about failure. It's about the lives of the civil servants you destroy along the way.' Kimmel played a parody of 'Macho Man' ― a song Trump has frequently used at campaign events ― called 'Taco Man,' complete with a video to match. TACO Trump The term, introduced by Financial Times columnist Robert Armstrong, refers to President Trump's pattern of announcing aggressive tariffs and then reversing or delaying them. This approach has caused significant market volatility, which savvy investors have exploited by buying stocks during post-announcement dips. ALSO READ: Target 3,000 per day: Top Trump aides push ICE to triple immigrant arrests in latest crackdown The so-called TACO trade strategy is based on the recurring trend in which Trump unveils steep tariffs—such as a proposed 145% duty on Chinese imports—only to soften or postpone them once markets react negatively. For example, a 145% tariff on Chinese goods was reduced to 30% within a month, and a planned 50% tariff on European Union products was deferred following the start of negotiations. These retreats often trigger short-term market rallies, as investors bet that economic pressures will prompt the president to backtrack.
New York Times
2 days ago
- Business
- New York Times
Asked About ‘TACO' and Tariffs, Trump Lashes Out at Reporter
President Trump, it would seem, is not one for a 'TACO.' The taco in question is not a dish made with tortillas, but rather a reference to how markets are responding to his tariff policies. The TACO trade, short for Trump Always Chickens Out, is a tongue-in-cheek term coined by the Financial Times columnist Robert Armstrong. It has been adopted by some analysts and commentators to describe the potentially lucrative pattern in which markets tumble after Mr. Trump makes tariff threats, only to rebound sharply when he relents and allows countries more time to negotiate deals. The president has spent years cultivating a reputation for political muscle. So when he was asked by a reporter in the Oval Office on Wednesday whether the term might be a valid description of his approach to tariffs, Mr. Trump reacted with ire. 'I chicken out? I've never heard that,' he said. 'Don't ever say what you said,' he told the reporter. 'That's a nasty question. To me, that's the nastiest question.' But gyrations driven by the president's on-again, off-again tariffs are by now taken for granted on Wall Street. Stock markets jumped on Tuesday, for example, after Mr. Trump delayed a proposed 50 percent tariff on the European Union that he had threatened only a few days earlier.
Time of India
2 days ago
- Business
- Time of India
'Trump Always Chickens Out': U.S. President Fumes At 'Nasty' Question On TACO Trade
For the first time ever, Donald Trump was asked about 'Trump Always Chickens Out' (TACO) trade, a term coined by Financial Times commentator Robert Armstrong, at a press conference in Oval Office on Wednesday. The U.S. president said that it was the 'nastiest question ever to be asked' to him. 'I chicken out? Oh, I've never heard that. You mean because I reduced China from 145% that I set down to 100 and then to another number?' Trump said Wednesday, referring to tariff rates he imposed on imported Chinese goods. Watch. Read More
