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Plus, U.S. trade deficit grew 34% in January. Macy’s expects sales to fall again this year. And the European Central Bank cuts its key interest rate. Alex Ossola hosts.
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Plus: The Trump administration drafts an executive order aimed at abolishing the Education Department. And European leaders discuss boosting their defense spending. Luke Vargas hosts.
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The White House says some automakers will get a 30-day break from the new tariffs imposed on Canada and Mexico this week. Plus: Novo Nordisk launches a direct-to-patient delivery option for cheaper weight-loss drugs. And stock in mining company Freeport-McMoRan rises after Trump announces new tariffs to come on some metal imports. Danny Lewis hosts.
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Plus, the U.S. Supreme Court rejects the Trump administration’s bid to pause foreign aid payouts. And the Microsoft-OpenAI partnership gets antitrust clearance in the U.K. Alex Ossola hosts.
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Plus: The Senate votes to repeal a Biden-era crypto tax rule. And Goldman Sachs will target vice presidents in its next round of layoffs. Luke Vargas hosts.
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The new 25% tax on imports from North American neighbors went into effect this morning. Plus: stock in individual companies seen as vulnerable to tariffs, like Tesla and Best Buy, dropped more sharply. And bank stocks fell amid investor fears that the tariffs will dampen economic growth. Danny Lewis hosts.
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Plus: Canada and Mexico announce plans for countermeasures and China set retaliatory tariffs on U.S. farm goods. And a consortium of investors led by BlackRock strikes a $22.8 billion deal for majority stakes in ports on both sides of the Panama Canal. Pierre Bienaimé reports.
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Plus: Ottawa and Beijing respond after President Trump’s tariffs on goods from Mexico, Canada and China take effect. And Walgreens nears a deal to go private.
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Trump said 25% import taxes on goods from Canada and Mexico will go into effect on Tuesday. Plus: investors turned to gold, silver and copper amid concerns about unstable markets. And Kroger stock fell after its CEO resigned amid an investigation into his personal conduct. Danny Lewis hosts.
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Plus: Kroger’s CEO resigns following a board investigation into his personal conduct. President Trump and TSMC are expected to announce a $100 billion investment in the U.S. Pierre Bienaimé reports.
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