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☆ Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
▼ + stars: | 2024-11-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China's Anhui province on March 9, 2010. STR/AFP | Getty ImagesChinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats. That would mark the currency's weakest level on record, according to LSEG data going back to 2004. Trump had already pledged 60% or higher tariffs on Chinese goods during his election campaign. The PBOC has been supporting the value of onshore yuan by capping the daily reference rate at 7.20 on the dollar this year.

Persons: Donald Trump, Morgan, Morgan Stanley, Goldman Sachs, Trump, Jonas Goltermann, Kotecha, Wang, Ju Wang, Cedric Chehab Organizations: Getty Images, U.S, UBS, BNP, Barclays, Generale, Morgan, Macquarie Group, Nomura, ING, Oxford, Trump, Capital Economics, FX, Greater China FX, Reuters, BNP Paribas, BMI Locations: Hefei, Anhui, U.S, Asia, China

☆ Opinion | Meet Wolfgang Streeck, the Maverick German Thinker Explaining Our World
▼ + stars: | 2024-11-28 | by ( Christopher Caldwell | ) www.nytimes.com time to read: +2 min

Ask a European intellectual and you will likely hear the name of Wolfgang Streeck, a German sociologist and theorist of capitalism. In recent decades, Mr. Streeck has described the complaints of populist movements with unequaled power. Mr. Streeck may be best known for his essays in New Left Review, including a dazzling series on the cascade of financial crises that followed the crash of 2008. Mr. Streeck (whose name rhymes with “cake”) argues that today’s contradictions of capitalism have been building for half a century. Profit margins suffered, of course, but that was in the nature of what Mr. Streeck calls the “postwar settlement.” What economies lost in dynamism, they gained in social stability.

Persons: Donald Trump’s, Wolfgang Streeck, Streeck, Karl Marx, ”, Viktor Orban, Brexit, Trump Organizations: New, State Systems, Wagenknecht Alliance Locations: American, European, German, Greece, Podemos, Spain, Germany

CNN —Mexican President Claudia Sheinbaum denied proposing to US President-elect Donald Trump that Mexico will close its border with the United States as he claimed in a post on Truth Social. She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border. We also talked about what can be done to stop the massive drug inflow into the United States, and also, U.S. consumption of these drugs. It was a very productive conversation!” Trump posted on Truth Social. In his comments Wednesday, Trump did not say whether he would stand by the pledge or anything Sheinbaum had said addressed his concerns.

Persons: Claudia Sheinbaum, Donald Trump, ” Sheinbaum, ” Sheinbaum’s, Trump, “, Claudia Sheinbaum Pardo, ” Trump, Sheinbaum, Biden, Joe Biden, “ rethinks, ” Biden, Justin Trudeau, Trudeau, Liu Pengyu, ” Liu, CNN’s Sol Amaya, David Goldman, Betsy Klein, Paula Newton Organizations: CNN, Trump, Mexico, Canadian, Embassy, United States Locations: Mexico, United States, Canada, China, America, Canadian, United

☆ 5 things to consider buying before new tariffs take effect
▼ + stars: | 2024-11-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

Such tariffs have the potential to significantly increase the prices consumers pay on nearly everything that isn’t made entirely in the US, of which there are very few goods. And as we witnessed during the pandemic, “stockpiling by consumers can actually lead to higher prices in and of themselves and empty store shelves,” he said. That said, here are five items that are likely to get more expensive with any new tariffs Trump imposes that may make sense to purchase before he takes office. But if you need a new one – or will soon – now’s a good time to consider buying. E-bikesOne item that tops the list of things that could get spendier under Trump’s tariffs is e-bikes, Lincicome told CNN.

Persons: Donald Trump’s, Trump, he’s, isn’t, Scott Lincicome, –, ” Lincicome, Ed Brzytwa, Gary Shapiro, “, Corie Barry, Lincicome, “ It’s, Donald Trump Organizations: New, New York CNN, Peterson Institute for International Economics, Cato Institute, Trump, National Retail Federation, Consumer Technology Association, CTA, CNN, “ Locations: New York, Mexico, Canada, China, US

President-elect Donald Trump said Wednesday he will nominate retired Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!," Trump said in a statement announcing his decision. Future American military aid, however, will require Ukraine to participate in peace talks with Russia." Trump was accused of withholding aid to Ukraine in an effort to pressure Zelenskyy to investigate Joe Biden and his son Hunter Biden. Vice president-elect JD Vance has also spoken out against Ukraine aid, as has Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services.

Persons: Donald Trump, Keith Kellogg, Keith, Trump, Kellogg, Fred Fleitz, Vladimir Putin, Putin, Fleitz, Volodymyr Zelensky, Alex Kent, “, Volodymyr Zelenskyy, “ We’re, He’s, we’re, I’ll, Trump's, Joe Biden, Hunter Biden, JD Vance, Robert F, Kennedy Jr, Kennedy, Vance, ” Organizations: Military, Business, Staff, National Security Council, NBC News, Russia, Future, Getty, Trump, Republican, Department of Health, Human Services, NBC, Press, NATO Locations: Ukraine, Russia, Kyiv, U.S, United States, New York City, Georgia, Europe

A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

☆ D.C. protested Trump's first term. Now, Washingtonians worry he'll crush them in his second.
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +7 min

But as president, he’ll have direct authority over only one — his once-and-future home of Washington, D.C., where city leaders are bracing for his wrath and hoping for the best. “A second Trump presidency presents risks for D.C., which lacks the protections of statehood and full home rule,” Del. Its limited self-government is derived from Congress and can be rescinded whenever the president and Congress wish. And he could deploy more federal law enforcement officials, as he did during the Black Lives Matter protests of 2020. “The first priority and responsibility of the D.C. Police must be to the residents of the district.”

Persons: Donald Trump, he’ll, Trump’s, Trump, “, ” Del, Eleanor Holmes Norton, Muriel Bowser, Bowser, ”, —, Karoline Leavitt, MAGA, Court’s Roe, Wade, ” Bowser, Bill Clinton, Norton, federalize Organizations: Washington , D.C, Trump, White, District of Columbia, D.C, NBC News, of Columbia, National Guard, Metropolitan Police Department, Republican, Financial Control Board, FBI, Republicans, Congress, Democratic, of Columbia Financial, Control, Police Locations: Washington ,, ”, Washington, Trump

“President Trump and the Transition are focused on doing the work of uniting our nation by ensuring a safe and prosperous future. With President Trump as our example, dangerous acts of intimidation and violence will not deter us,” Leavitt said. “New York State, County law enforcement, and U.S. Capitol Police responded immediately with the highest levels of professionalism,” Stefanik’s office said. “The FBI is aware of numerous bomb threats and swatting incidents targeting incoming administration nominees and appointees, and we are working with our law enforcement partners. We take all potential threats seriously, and as always, encourage members of the public to immediately report anything they consider suspicious to law enforcement,” the statement read.

Persons: Vance, Donald Trump’s, “, ‘, ” Karoline Leavitt, Trump, ” Leavitt, Elise Stefanik, ” Organizations: Trump, New York, “, U.S . Capitol Police, FBI, CNN, US Secret Service, Department of Homeland Security Locations: York State, U.S

In our society and our culture, and therefore in our politics, there is a growing comfort in the “ends justifies the means” mentality. (Trump’s pick, Pete Hegseth, has denied an alleged sexual assault described in a 2017 police report and was never charged.) “You crossed the line,” Holly Hunter’s character screams at William Hurt’s character, who responds: “It’s hard not to cross it. And wouldn’t it be a shame if the electorate decided that politics now belongs to the low-character crowd. For what it’s worth, I do think our political leaders and public servants should be of a higher-than-average moral character.

Persons: Logan, Jake Paul, Donald Trump’s, Pete Hegseth, Robert F, Kennedy Jr, Kennedy, ”, I’m, Bill Clinton, John F, don’t, —, There’s, Holly, William Hurt’s, We’ve, Richard Ben Cramer’s, let’s Organizations: Pentagon, Happy Locations: We’re, American

A U.S.-brokered ceasefire between Israel and Hezbollah takes effect. Winter weather is forecast for Thanksgiving. Ceasefire between Israel and Hezbollah takes effectA United States-brokered ceasefire between Israel and Lebanon’s Hezbollah militant group in Lebanon has taken effect a day after President Joe Biden announced the agreement. Meanwhile, the National Weather Service warns that a pair of weather systems were expecting to bring an “Arctic outbreak” across parts of the U.S. into the weekend. Here’s what else is in store for holiday weather and travel.

Persons: Joe Biden, Biden, “, Benjamin Netanyahu, Hassan Nasrallah, Israel —, Ronald Reagan, Roberto Schmidt, Donald Trump’s, Clinton, they’re, — they’re, they’ve, Jeffrey Gahler, ” Critics, Trump, Jack Smith’s, Susie Wiles, Guess, Hunter King, Tyler Hynes, Joshua Haines, Taylor Swift, Travis Kelce’s, Hallmark’s, Donna Kelce, — Angela Yang, Here’s, Elizabeth Robinson Organizations: NFL, Kansas City Chiefs, Lebanese, NBC, Israel Defense Forces, Ronald Reagan Washington National Airport, AFP, Getty, Newark Liberty International, FAA, National Weather Service, Rockies, Customs, ”, White, Sunshine State, Hallmark, Hallmark Media, Chiefs Locations: U.S, Israel, United States, Lebanon, Lebanese, inbox, Iran, Gaza, Tehran, Ronald Reagan Washington, Arlington , Virginia, Central, Southern California, Michigan, New York City, Harford County , Maryland, Trump’s, Trump

“I’ll be withdrawing my name from consideration to serve as Attorney General,” now-former Florida Rep. Matt Gaetz posted on social media. Once the nation’s largest swing state, Florida is now stocked with Trump allies and a comfortable home turf for Republicans. It’s a state Trump won by more than 10 percentage points, up from his three-point win in 2020. “You need an Attorney General on Day 1 to be able to executive your plan,” a Trump official said. “I am kind of surprised other states are not pushing back harder, but they just are not.”“But that kind of makes sense to a degree,” Iarossi added of the state Trump won easily.

Persons: Donald Trump’s, “ I’ll, ”, Matt Gaetz, “, ” Gaetz, didn’t flinch, Trump, Gaetz, Pam Bondi, It’s, Evan Power, “ Trump, Sen, Marco Rubio, Mike Walz, Dave Weldon, Nick Iarossi, Iarossi, Susie Wiles, Trump’s, James Blair, Wiles, Blair, Tony Fabrizio, Brian Hughes, Danielle Alvarez, Alex Garcia, “ Susie, Brian Ballard, Bondi, Trujillo, Katie Wiles, “ It’s Organizations: Mar, Trump’s, Florida Rep, DOJ, Congress, Trump, Republicans, Republican Party of Florida, White, Gaetz, State, for Disease Control, Washington, BGR, Florida GOP, Florida, Ballard Partners, Continental, Organization of American, NBC News Locations: Palm, Florida, “ Florida, Lago, Bondi, Miami, Washington

After a lengthy delay, President-elect Donald Trump’s transition team has signed a memorandum of understanding with the White House, allowing the next administration to coordinate with federal agencies. Trump’s incoming White House Chief of Staff Susie Wiles said in a statement the memo’s signing allows for “critical preparations” to begin. During the campaign, Trump's team had blown past an Oct. 1 deadline to enter a memorandum of understanding with the White House. The agreement with the White House outlined that Trump must publicly post his ethics plan for the transition team on the GSA website. The Trump transition team and the Justice Department did not immediately respond to requests for comment Tuesday evening.

Persons: Donald Trump’s, Susie Wiles, ”, Trump, Joe Biden’s, ” Wiles, Trump’s, Jamie Raskin, Raskin, Sen, JD Vance, Ohio, Saloni Sharma, Sharma, White, ’ ” Sharma Organizations: White, General Services Administration, Democrat, Maryland, NBC News, GSA, Trump, Justice Department, FBI Locations: United States

An appeals court on Tuesday agreed to dismiss charges related to Donald Trump’s alleged mishandling of classified documents, effectively ending Special Counsel Jack Smith's prosecution of Trump. A spokesperson for Smith’s office declined to comment. Federal prosecutors in August had asked the U.S. Court of Appeals for the Eleventh Circuit to restore the case. The two remaining criminal cases, the New York case involving hush money payments and a Georgia election interference case, are also in limbo. A New York judge ruled last week postponed Trump's sentencing in that case which was previously scheduled for Nov. 26.

Persons: Donald Trump’s, Jack Smith's, Trump, Tanya Chutkan, Aileen Cannon, Trump —, can’t, Smith, Stormy Daniels, Fani Willis, Willis Organizations: Trump, U.S, U.S ., Appeals, Eleventh Circuit, Department, NBC News Locations: Lago, Florida, York, Georgia, New York, Fulton County

☆ Analysis: Tariff-happy presidents are not what the Constitution envisioned
▼ + stars: | 2024-11-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The tariffs might also violate the very trade agreement Trump negotiated with Mexico and Canada during his first term. This is not what the Constitution envisionedAfter all, the Constitution specifically gives Congress, not the president, the power to “regulate Commerce with foreign Nations.”How does Trump have the power to impose tariffs without any input from Congress? It’s pretty much the opposite of what’s in the Constitution, and it didn’t happen right away. In 1934, they passed the Reciprocal Trade Agreements Act, which gave the president power to lower import duties for countries with which the US had trade agreements. In the 1970s, Congress gave the president new trade promotion authority power to negotiate trade agreements and then have Congress ratify them without amendment.

Persons: CNN —, Donald Trump’s, Trump, Doug Irwin, ” Smoot, Hawley, Sen, Reed Smoot, Willis Hawley, Smoot, Franklin D, Roosevelt, Irwin, it’s, Barack Obama, Joe Biden, Trump’s, Qilai Shen, ” Irwin, ’ Trump’s, CNN’s Priscilla Alvarez, ”, Alvarez, Claudia Sheinbaum, “ Organizations: CNN, Trump, Nations, Dartmouth College, Democratic, Trump’s Commerce Department, GOP, Congress, Workers, Bloomberg, Getty Locations: Canada, Mexico, China, what’s, Utah, Willis Hawley of Oregon, Europe, Pacific, Shanghai

☆ Donald Trump’s Immigration Plans
▼ + stars: | 2024-11-27 | by ( German Lopez | ) www.nytimes.com time to read: +1 min

That’s about how many unauthorized immigrants Donald Trump hopes to remove from the country: 11 million people in all. The Morning is running a series on the policies that Trump and his congressional allies will try to implement next year. A huge operationWe already know the broad contours of Trump’s plan. He wants to use the military and law enforcement to detain the millions of people who are in the United States illegally. Finally, it will fly undocumented migrants to their home countries or other places that agree to take them.

Persons: Donald Trump, Trump Locations: Chicago, United States

The Israel-Gaza war poses multiple challenges for President-elect Donald Trump’s new administration. But the former president has proposed a plan for peace in the region before. The question is: can he be convinced to pursue it again? In this episode, the columnist Thomas L. Friedman argues that Trump has an opportunity to make history. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)

Persons: Donald Trump’s, Thomas L, Friedman, Trump Locations: Israel, Gaza

☆ There is no such thing as an all-America car. That’s why tariff will raise car prices.
▼ + stars: | 2024-11-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The US government tracks what percentage of each car’s parts is made “domestically.” But under current trade law, both Canadian-made parts and US-made parts are counted as the same domestic content. “Yes, it’s America’s truck, assembled in America, but not with American parts,” Ivan Drury, director of insights for Edmunds, told CNN. Domestic parts could be tough to findFinding domestic supplies for many of the imported car parts would be difficult. Even if an American parts supply could be found, in most cases it would be more expensive. Fewer imported cars would raise all pricesTariffs on imported vehicles likely would also lead to higher prices on cars that are assembled here, since it would limit the supply of vehicles in the US market.

Persons: Donald Trump, Trump, aren’t, Bill Clinton, Bill Pugliano, Honda, “, it’s, ” Ivan Drury, Edmunds, Jeff Schuster, GlobalData, ”, Drury, “ You’re Organizations: New, New York CNN, GM, Ford, Jeep, Dodge, Chrysler, Toyota, Honda, Tesla, Hyundai, Kia, Nissan, Mazda, Subaru, CNN, Chevrolet Blazer, Chevrolet Silverado Locations: New York, Mexico, Canada, American, United States, China, Lincoln , Alabama, Dearborn , Michigan, Michigan, Missouri, America, Saltillo , Mexico

☆ FTC opens wide-ranging antitrust probe into Microsoft
▼ + stars: | 2024-11-27 | by ( Elisabeth Buchwald | Clare Duffy | ) edition.cnn.com time to read: +2 min

The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told CNN. The FTC and Microsoft declined to comment. Microsoft also battled FTC resistance to its $69 billion acquisition of video game publisher Activision Blizzard, which closed in October 2023. The agency had argued the merger would give Microsoft a monopoly in video game publishing, which the company denied. Trump’s reelection has raised questions about how his administration will handle ongoing antitrust cases against tech giants, including Apple and Amazon.

Persons: Microsoft’s, Donald Trump, Trump, Lina Khan, Khan, hasn’t Organizations: New, New York CNN, Microsoft, Federal Trade Commission, FTC, CNN, Bloomberg, Activision Blizzard, Apple, Google, Justice Department Locations: New York, OpenAI

☆ Maybank sees Trump’s tariffs causing weaponization of currency
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank sees Trump’s tariffs causing weaponization of currencySaktiandi Suppat, Head of Global FX Strategy of Maybank, says the effects of Trump 2.0 are kicking in earlier than expected. While the details of potential tariffs are still unclear, countries could be pushed to respond via currency measures.

Persons: Maybank, Saktiandi Organizations: Global FX, Trump

☆ How Will Trump’s Covid Contrarians Handle the Next Pandemic?
▼ + stars: | 2024-11-27 | by ( Sheryl Gay Stolberg | ) www.nytimes.com time to read: +1 min

But amid growing fears of a deadly bird flu pandemic, perhaps no one was more rattled than experts in infectious disease. Dr. Bhattacharya, a Stanford University medical economist and outspoken opponent of lockdowns, masking, school closures and other Covid-19 mitigation measures, and Mr. Trump’s other health picks have one thing in common. They are all considered Covid contrarians whose views raise questions about how they would handle an infectious disease crisis. Robert F. Kennedy Jr., Mr. Trump’s choice for health secretary, has said he wants the N.I.H. of its role in ensuring vaccine safety, saying the agency had a “conflict of interest” because it also promotes vaccination.

Persons: Donald J, Trump, Jay Bhattacharya, Bhattacharya, Covid, Robert F, Kennedy Jr, ” Dr, Martin Makary, Dr, David Weldon Organizations: National Institutes of Health, Stanford University, and Drug Administration, Republican, for Disease Control

☆ US to sanction Maduro-aligned officials, to put pressure on Venezuela’s president to accept election results
▼ + stars: | 2024-11-27 | by ( Samantha Waldenberg | Stefano Pozzebon | ) edition.cnn.com time to read: +3 min

CNN —The United States announced new individual sanctions Wednesday on more than 20 officials aligned with Venezuela’s authoritarian President Nicolas Maduro, to put pressure on Maduro to accept the results of Venezuela’s July presidential election, senior administration officials said in a briefing with reporters. Thursday marks exactly four months from the July election, and senior officials believe the new sanctions will put pressure on Venezuelan officials to break ranks from the Maduro government and facilitate a democratic transition in that country. The new round of sanctions target military officials in the Bolivarian National Guard, Bolivarian National Police and other branches of the security apparatus, the US officials said. Among the officials sanctioned Wednesday are Maduro’s newly-installed chief of staff, Anibal Coronado, Communication Minister Freddy Ñañez, and the director of intelligence services Alexis Rodriguez. Asked if there has been any communication with President-elect Donald Trump’s national security team about Venezuela, one of the officials sidestepped.

Persons: Nicolas Maduro, Anibal Coronado, Freddy Ñañez, Alexis Rodriguez, Edmundo Gonzalez, Antony Blinken, Donald Trump’s, “, Biden, Maduro, CNN’s Jennifer Hansler Organizations: CNN, United States, Bolivarian National Guard, Bolivarian National Police, Communication, Venezuelan, US Department of, Foreign, Control, Department of Justice Locations: Chevron, Venezuela, United States, Venezuelan, Rio de Janeiro, ”

☆ What’s a Democratic Billionaire to Do Now?
▼ + stars: | 2024-11-27 | by ( Theodore Schleifer | ) www.nytimes.com time to read: +1 min

In the weeks after Election Day, one of the biggest donors in the Democratic Party, the LinkedIn co-founder Reid Hoffman, has considered what would once have been unthinkable for a billionaire who often talks about his patriotism. Leaving the United States. Mr. Hoffman, who has spent hundreds of millions of dollars on politics over the last few years, has told friends and allies that he is weighing a move overseas, according to three people with knowledge of the talks who insisted on anonymity to discuss private conversations. Mr. Hoffman, who declined to comment through a spokeswoman, has helped pay for some of the most aggressive private litigation against Donald J. Trump, and he is worried about retribution from a president who has promised to go after his political opponents, including major Democratic donors. While Mr. Hoffman’s reaction is dramatic — and it’s unclear how much moving abroad would protect him or his assets from Mr. Trump’s wrath — he is hardly alone in a liberal big-money world still stunned by Vice President Kamala Harris’s defeat.

Persons: Reid Hoffman, Hoffman, Donald J, Trump, Kamala Harris’s Organizations: Democratic Party, LinkedIn Locations: United States

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

☆ Opinion | Kennedy, Bhattacharya and Trump’s Covid Contrarian Cabinet
▼ + stars: | 2024-11-27 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

To look at the short list of names Donald Trump is hoping to appoint to the country’s leading public health roles, it’s easy to see that Covid-19 has remade the country and its ideological arrangements — but perhaps especially the Republican Party. Robert F. Kennedy Jr., Trump’s pick to lead the Department of Health and Human Services, is the most conspicuous example — a reflexive anti-establishment agitator who has trafficked in conspiracy theories about the origins of AIDS, 5G and especially the dangers of common vaccines. Kennedy has called the Covid vaccines, which have probably saved more than 20 million lives globally, “the deadliest vaccine ever made,” and as recently as during his own presidential campaign, he suggested that the coronavirus might be an “ethnically targeted” bioweapon that preferentially spared Ashkenazi Jews and Chinese people. But the others named for top public health posts, though not transparent cranks, are also Covid contrarians whose most important qualification for these positions are their crusades against the public health establishment during the pandemic period: Stanford’s Jay Bhattacharya to lead the National Institutes of Health, and Johns Hopkins’s Marty Makary to run the Food and Drug Administration. Dave Weldon, Trump’s pick to oversee the Centers for Disease Control and Prevention, was a vocal vaccine skeptic long before the pandemic.

Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, Barack Obama, Trump, Jay Bhattacharya, Johns Hopkins’s Marty Makary, Dave Weldon, Trump’s Organizations: Republican Party, Department of Health, Human Services, Environmental Protection Agency, National Institutes of Health, and Drug Administration, for Disease Control Locations: Trump

Trump puts inflation on the agendaThe inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts. An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted.

Persons: Trump, Donald Trump’s Organizations: United States ’, Deutsche Bank Locations: Canada, China, Mexico, United States

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