US Seeks to Control Ukraine Investment; Hegseth Faces Signal Breach Questions
On today's podcast: 1) The US looks to control nearly all investment in Ukraine as President Trump pushes for ceasefire with Russia. the US is pushing for a deal that would give it control over major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv's other allies. 2) Defense Secretary Pete Hegseth faces Signal questions on his first trip to Asia. President Donald Trump dismissed the disclosure of Houthi attack plans in a Signal chat as a “glitch” with no impact on national security. However, intelligence experts argue that the disclosure gave foreign adversaries priceless insight into US spycraft. 3) Elon Musk says he can slash a trillion dollars from the Federal budget before this summer. Musk believes his Department of Government Efficiency can find that level of cost savings within 130 days from the start of Trump's term.See omnystudio.com/listener for privacy information.
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16:56
Trump Unveils 25% Auto Tariff; White House Tries to Contain Signal Text Backlash
On today's podcast: 1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and floated further duties on the EU and Canada, expanding a trade war and triggering threats of retaliation. 2) Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc. 3) President Donald Trump and top allies struggled to fend off criticism over the inadvertent inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after newly disclosed texts showed how Defense Secretary Pete Hegseth revealed specific operational details.See omnystudio.com/listener for privacy information.
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17:07
Trump May Implement Copper Tariffs Soon; Wall Street Bonuses Soar On today's podcast:
On today's podcast: 1) US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter. Copper traded in New York rose to a record. 2) President Donald Trump said his administration was investigating the addition of a journalist to a text group of top officials discussing plans for military strikes in Yemen, but expressed support for national security adviser Michael Waltz. 3) Average Wall Street bonuses surged last year, with the total pool for payouts jumping to a record $47.5 billion as industry profits soared.See omnystudio.com/listener for privacy information.
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16:38
White House Text Breach Fallout, New Tariffs Teased On today's podcast:
On today's podcast: 1) The Atlantic’s top editor said he was added to a text group in which top US officials discussed detailed plans to bomb Houthi targets in Yemen with other top US officials, an extraordinary breach of security from an administration that has repeatedly vowed to clamp down on leaks. 2) President Donald Trump said he will announce tariffs on automobile imports in the coming days — and indicated nations will receive breaks from next week’s “reciprocal” tariff 3) Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.See omnystudio.com/listener for privacy information.
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16:53
Introducing: Stock Movers
Stock Movers is a new, five-minute podcast on today's winners and losers in the stock market. Listen for analysis on the companies making news in markets. Listen on Apple: https://podcasts.apple.com/us/podcast/stock-movers/id1803209456 Listen on Spotify: https://open.spotify.com/show/1LhpIazkwQ9bSkxHsjknI8?si=1233c9c58f1e4e16&nd=1&dlsi=b25af9cebbca4895 Listen Anywhere: https://link.podtrac.com/h0zn7xirSee omnystudio.com/listener for privacy information.
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