Trump in Iowa, Seeks to 'De-escalate' Minnesota, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News. Now, I'm Doug Krisner. President Trump is in Iowa today where he delivered a speech touting his administration's accomplishments on the American economy.
What did President Trump emphasize about the economy during his Iowa speech?
So under my leadership, economic growth is exploding to numbers unheard of. They've never had them before in recent times. And now and we're just getting started. You know, the great, big, beautiful bill. which is no tax on tips, no tax on overtime, no tax on Social Security for our seniors. Do we have any seniors in here?
Now, President Trump's address comes on the same day he said he is looking to de-escalate the situation in Minnesota. Earlier, the president reshuffled the leadership running his deportation effort in the state. Borders are Tom Homan will now lead the immigration crackdown in Minnesota. He'll replace Greg Bovino, the U.S. Border Patrol commander who was previously leading this crackdown. And despite these changes, Trump denied he was going to pull back. Here is Trump speaking to Fox News.
It's a little bit of a change. Everybody in this room that has a business, you know, you make little changes. You know, Bovino is very good, but he's a pretty out there kind of a guy. And in some cases, that's good. Maybe it wasn't good here. But you have to understand, when I watch some of the people that I've been watching over the last few weeks, these are paid insurrectionists.
President Trump speaking earlier on Fox News. There were massive moves in the currency market today. The dollar sold off, suffering its largest one day drop since April. President Trump said he did not think the value of the dollar had declined too much. We had the Bloomberg Dollar Spot Index dropping by more than 1%. We move to company news next. After the bell, Texas Instruments gave a strong revenue forecast for the current period. This indicates demand for industrial equipment and vehicles is beginning to rebound. We got reaction from Jay Goldberg, senior analyst at Seaport Research Partners.
So, Texan is a stock, a company that runs its stock deliberately boring.
How did Trump describe changes to immigration leadership and his approach to Minnesota?
Like, they want to be as boring as possible. So, a little bit of a beat here is actually pretty significant. I don't want to overdo it, but it's good news, right? For Texan, you know, $100 million over expectations is a good number. EPS also looks a little bit higher than consensus, too.
Jay Goldberg, they're a senior analyst at Seaport Research Partners, shares in Texas Instruments up by more than 8% in late U.S. trading. Wall Street is bracing for a slew of big tech earnings over the next couple of days. Tomorrow, we'll hear from Tesla, Microsoft, and Meta Platforms. Then on Thursday, Apple will report. Paisley Nardini is Portfolio Manager at Simplify Asset Management.
The earnings that we're about to find out over the next 48 hours could be quite strong to the upside. We could continue this trajectory of higher for longer as it relates to the technology sector. But what if that doesn't play out? And I think there's a lot of catalysts as to why a lot of this CapEx expenditure, is this going to deliver at the bottom line for these tech companies.
Hazley Nardini there of Simplify Asset Management. A federal judge says a nearly completed wind project off the coast of Massachusetts can resume construction. This is a four and a half billion dollar project. Now, earlier, the Trump administration required all such developments to stop work. Here is Bloomberg's Charlie Pellett. U.S.
District Judge Brian Murphy says he will grant Vineyard Wind's request for a preliminary injunction, effectively reviving the project. It is the fourth U.S. offshore project that has won court approval for a restart following the Trump administration's December decision halt. The project is 95 percent complete and is intended to deliver power to more than 400,000 homes and businesses. In New York, Charlie Pellett, Bloomberg Radio.
The NTSB held a hearing today on factors believed to be responsible for last year's deadly mid-air collision near Washington, D.C.
What did Trump say on Fox News about 'paid insurrectionists' and personnel shifts?
It involved an American Airlines aircraft and a U.S.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–0:11
2
What did President Trump emphasize about the economy during his Iowa speech?
0:11–1:59
3
How did Trump describe changes to immigration leadership and his approach to Minnesota?
1:59–3:56
4
What did Trump say on Fox News about 'paid insurrectionists' and personnel shifts?
3:56–4:49
Speakers
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