THE TICKER French President Emmanuel Macron, German Chancellor Angela Merkel and President Trump confer at a G-20 meeting in Hamburg, Germany last summer. (AFP PHOTO / John MacDougall) A whirlwind of French charm just failed to forge a trade armistice between the Trump administration and Europe. Now a punch of German pragmatism will take a crack at it. German Chancellor Angela Merkel arrives in Washington tomorrow for a one-day visit with President Trump amid considerably less fanfare than what greeted French President Emmanuel Macron’s state visit that concluded Wednesday. But the stakes are arguably higher. The exemption from steel and aluminum tariffs that the Trump administration granted the European Union last month expires Tuesday, and the White House has yet to indicate it will extend it. That it could fall to the second half of the European tag team engaging Trump this week to close the deal doesn’t necessarily bode well. Trump has an … [Read more...] about The Finance 202: Now comes Merkel. And the hard part.
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Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader The Switch Transcript courtesy of Bloomberg Government Transcript courtesy of Bloomberg Government April 11 at 9:53 PM Facebook chief executive Mark Zuckerberg appeared before the House Energy and Commerce Committee Wednesday for his second day of questioning on the Hill. Below is a partial transcript of the hearing. [Transcript of Mark Zuckerberg’s Senate hearing] REP. GREG WALDEN (R-ORE.): Okay. I'd ask our guests to please take their seats so we can get started. The Committee on Energy And Commerce will now come to order. WALDEN: Before my opening statement, just as a reminder to our committee members on both … [Read more...] about Transcript of Zuckerberg’s appearance before House committee
Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader The Switch Transcript courtesy of Bloomberg Government Transcript courtesy of Bloomberg Government April 10 at 10:25 PM Facebook chief executive Mark Zuckerberg appeared before the Senate's Commerce and Judiciary committees Tuesday to discuss data privacy and Russian disinformation on his social network. Below is the transcript of the hearing. SEN. CHARLES E. GRASSLEY (R-IOWA): The Committees on the Judiciary and Commerce, Science and Transportation will come to order. We welcome everyone to today's hearing on Facebook's social media privacy and the use and abuse of data. GRASSLEY: Although not unprecedented, this is a … [Read more...] about Transcript of Mark Zuckerberg’s Senate hearing
THE TICKER President Trump and Chinese President Xi Jinping participate in a welcome ceremony at the Great Hall of the People in Beijing last November. (AP /Andrew Harnik, File) Here’s one way to view the short-term economic cost of the tariffs the United States and China have proposed slapping on each other: They could halve the growth effect of last year’s tax cut. Which is to say: Not a welcome outcome, but hardly economic Armageddon, either. That’s based on a projection by Ryan Sweet, head of monetary policy research at Moody’s Analytics. He wrote in a Wednesday note that the “tit-for-tat tariffs” the two superpowers have threatened in recent days would shave up to 0.2 percentage points off GDP growth here — or half of what the International Monetary Fund has estimated last year’s tax cuts would add to the expansion this year. “This isn’t enormous,” Sweet noted. The threat, of course, is that … [Read more...] about The Finance 202: Trump tariffs aren’t going to impede economic growth (yet)
THE TICKER Amazon's chief Jeff Bezos, left, and other tech executives meet with then-President-elect Trump at Trump Tower in December 2016. (AFP / Timothy Clary) In case anybody needed a clearer message that Wall Street is newly keyed in to risks out of Washington, President Trump’s private fuming over Amazon just torched more than $31 billion of the company’s market value. The online retail giant’s stock tanked Wednesday following an Axios report that Trump is “obsessed” with the company and muses about targeting its tax treatment or building an antitrust case against it. Amazon shares fell as much as 7.4 percent before recovering somewhat to close down 4 percent. The report shouldn't have surprised the market, but the president's gripes point to potentially serious challenges for the company. Market watchers fit the investor freakout into a broader turn against highflying tech giants that are coming in for new regulatory … [Read more...] about The Finance 202: ‘We’re jittery right now.’ Amazon sell-off reflects market’s sensitivity to Trump headlines