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Trump told Bloomberg Businessweek that Taiwan has taken away the US's chip-manufacturing business. Trump wants Taiwan, which China claims as its territory, to pay the US for protection. Trump, the Republican presidential nominee, told Bloomberg Businessweek that Taiwan's dominance in the chip industry made the island rich. "Taiwan took our chip business from us," he said to Businessweek in an interview before the failed assassination attempt on Saturday. They took all of our chip business.
Persons: Trump, , Donald Trump Organizations: Bloomberg Businessweek, Trump, Service, Republican, Businessweek Locations: Taiwan, China
Vance did his initial walk-through of the Republican National Convention stage this week after he was named Donald J. Trump’s running mate, the Ohio senator was joined not just by aides and event organizers. He was accompanied by a man who had pushed behind the scenes as hard as almost anyone to put him on the ticket in the first place: Donald Trump Jr. When they each deliver a prime-time address on Wednesday night, the moment will mark not only Mr. Vance’s national debut but the unquestioned arrival of Donald Trump Jr. as a political force to be reckoned with in his own right. The younger Mr. Trump is now the rarest of political creatures: a top confidant not only to the Republican presidential nominee but also the vice-presidential nominee. Soon after Mr. Vance got the call from the former president that he would be on the ticket, one of the first outbound calls he made was to the younger Mr. Trump to thank him for his help, according to a person with knowledge of the call.
Persons: J.D, Vance, Donald J, Donald Trump Jr, Trump Organizations: Republican National Convention, Republican Locations: Ohio
Washington CNN —Republican presidential nominee Donald Trump would not fire Federal Reserve Chair Jerome Powell if the former president wins the election in November, according to a Bloomberg interview published Tuesday. Powell, a registered Republican, was first tapped to helm the central bank by Trump in 2017. That still wouldn’t stop Trump from pushing to oust Powell before the Fed head’s term concludes in 2026. “He sued for reinstatement and even though he died while the litigation was pending, the Supreme Court still took up his case. It answers to Congress, not the US president, according to the law that established the central bank.
Persons: Donald Trump, Jerome Powell, he’d, Powell, Trump, , he’s, reappoint Powell, Powell isn’t, William Humphrey, Franklin Roosevelt, Organizations: Washington CNN, Republican, Bloomberg, Trump, Fed, Democratic, House, Federal Trade Commission, Brookings Institution, Fed’s, Governors
But the Secret Service, the agency charged with protecting Mr. Trump, did not stop him from taking the stage. Image Secret Service snipers surveilling the surrounding area before Mr. Trump began to speak. But that created a blind spot, outside the security perimeter but well within rifle range of Mr. Trump. was able to finally access Mr. Crooks’s cellphones and other electronic devices, agents could see that he had searched for images of Mr. Trump as well as President Biden, Attorney General Merrick B. Garland and even F.B.I. Mr. Crooks also had at typed in “major depressive disorder” and searched for dates and places for appearances for both Mr. Biden and Mr. Trump.
Persons: Donald J, Trump, — Thomas Matthew Crooks, Crooks, Eric Lee, Marsha Blackburn, Biden, Alejandro N, Mayorkas, Kimberly A, Cheatle, Butler, Kristian Thacker, , Richard Goldinger, General Merrick B, Garland, Christopher A, Wray, Trump’s, Crooks’s, Pittsburgh’s WTAE, Doug Mills, Mr, , Edward Natali, Crooks “, Natali, , bloodying, Corey Comperatore, Eduardo Medina, Jeanna Smialek, Chelsia Rose Marcius, Mark Walker, John Ismay, William K Organizations: Service, Republican, Secret, New York Times, Secret Service, Biden Sunday . Homeland, ABC News, The New York Times, The Times, AGR International, Mr, Police Department Locations: Butler, Pa, Tennessee, ” Butler County, Bethel Park, Butler County, Washington, New York
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance. The best example of this is, predictably, modern Russia," added Buterin, a Russia-born coder who built ethereum in his late teens. Buterin did not single out any names in his post of either political candidates, or of those opting to support them. It comes in stark contrast to the Joe Biden White House, which has been seen as hard on crypto. However, the perception that Biden is anti-crypto and Trump is pro-crypto has some Biden allies concerned enough to take their case directly to senior White House officials.
Persons: Ethereum, Vitalik Buterin, Buterin, Putin, Donald Trump, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Donald Trump's, Ben, Marc Show, Horowitz, Joe Biden, They've, They're, Andreesen Horowitz, Coinbase, coder, Tesla, Elon Musk, Peter Thiel, Tyler, Cameron Winklevoss, Trump, , Sen, Elizabeth Warren, bitcoiners, JD Vance, Vance, Biden Organizations: Republican National Convention, U.S . Securities, Exchange Commission, Federal Deposit Insurance Corporation, Trump, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Republican, Joe Biden White, SEC, Biden, White House Locations: Milwaukee, U.S, Russia, San Francisco, Washington, Mar, Nashville , Tennessee
Special counsel Jack Smith on Wednesday filed a notice appealing the stunning decision earlier this week by Florida court federal Judge Aileen Cannon that dismissed the criminal classified documents case against former President Donald Trump. Smith's appeal, which was expected, will be heard in the 11th Circuit U.S. Court of Appeals in Atlanta, which reviews cases arising from Florida federal courts. Peter Carr, a spokesman for Smith, said Wednesday, "We have no comment beyond the filing itself at this time." The Democrat-led Justice Department should drop these politically motivated, election interference efforts against President Trump immediately." The appeal is likely to end up at the U.S. Supreme Court, regardless of how the 11th Circuit appeals court rules.
Persons: Jack Smith, Donald Trump, Smith, Aileen Cannon, Cannon, Trump, Peter Carr, Carr, Steven Cheung, Joe Biden Organizations: 11th Circuit U.S, Trump, U.S . Constitution, White, Witch, Democrat, Department, U.S, Supreme, Republican, Washington , D.C, U.S . Senate, Smith's Locations: Washington , U.S, Florida, Atlanta, U.S ., Lago, U.S, Washington ,, United States
Donald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the central bank if he won the November election, the Republican presidential candidate told Bloomberg Businessweek in an interview. "I would let him serve it out, especially if I thought he was doing the right thing," Trump told Bloomberg Businessweek. President Joe Biden nominated Powell to serve a second four-year term as Fed chief in May 2022. As recently as February of this year, Trump told Fox Business that he would not reappoint Powell to lead the Fed. Read the Bloomberg Businessweek article here.
Persons: Donald Trump, Jerome Powell, Trump, Joe Biden, Powell, , reappoint Powell, Maria Bartiromo Organizations: Republican National Convention, Federal, Republican, Bloomberg Businessweek, Fed, Fox Business Locations: Milwaukee , Wisconsin, U.S
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump's VP pickDonald Trump has chosen Senator JD Vance of Ohio as his vice presidential running mate for the 2024 election. Fed may not waitPowell said the central bank will not wait until inflation reaches its 2% target to cut interest rates. Fink believes bitcoin can offer uncorrelated returns and act as a hedge against currency debasement caused by excessive deficits.
Persons: Donald Trump, Russell, Jerome Powell, Trump's, JD Vance, Ohio, Trump, Vance, Biden, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Goldman, Goldman Sachs, Denis Coleman, Colin Langan Organizations: CNBC, Dow Jones, Nasdaq, Treasury, Federal, Truth, Trump, Republican, BlackRock, Goldman, JPMorgan, Citigroup, Wall Locations: U.S, Wells
Elon Musk is going all-in on Donald Trump
  + stars: | 2024-07-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. Musk has given money to candidates from both parties in the past, including $5,000 to Barack Obama in April of 2011. Musk quit two White House business councils he served on early in 2017 after Trump announced America would withdraw from Paris climate accord. But for the last several years Musk has repeatedly shown support for Trump – or opposition to President Joe Biden. Musk recently tweeted the EV subsidies passed under Biden actually helped its rivals more than Tesla.
Persons: Elon Musk, Donald Trump wouldn’t, Musk, Barack Obama, Trump, , DJT, “ influencers, , Tesla, ” Musk, haven’t, , Joe Biden, Twitter, Biden Organizations: New, New York CNN, Street, PAC, Democratic, Republican, Trump, America PAC, White, America, Twitter, Biden Administration, EV, Biden, SpaceX Locations: New York, America, , Elon, Delaware, Paris
Republican presidential candidate and former U.S. President Donald Trump with his bloodied face is assisted by the Secret Service as multiple shots rang out during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. The Secret Service increased its protection for Donald Trump in recent weeks after U.S. officials obtained intelligence about an Iranian plot to assassinate the former president, three officials briefed on the matter told NBC News on Tuesday. "In response, Secret Service surged resources and assets for the protection of former President Trump. Anthony Guglielmi, the chief spokesman for the Secret Service, in a statement to CNBC, said, "The Secret Service and other agencies are constantly receiving new potential threat information and taking action to adjust resources as needed." "We cannot comment on any specific threat stream other than to say that the Secret Service takes threats seriously and responds accordingly," Guglielmi said.
Persons: Donald Trump, Thomas Crooks, Crooks, USSS, Trump, Anthony Guglielmi, Guglielmi, Adrienne Watson, Watson, Qassem Organizations: Service, NBC, Republican, CNN, National Security Council, United States, Secret Service, Secret, CNBC, National Security, NBC News Locations: Butler , Pennsylvania, U.S, Pennsylvania, Iran
Gaelen Morse | ReutersRepublican presidential nominee Donald Trump's pick of Sen. JD Vance as his vice presidential running mate will have sent chills down spines in Kyiv Tuesday morning. Ash has previously questioned Vance's position on Ukraine and the suggestion that Europe should bear the responsibility of helping Ukraine to defend itself against Russia. Trump has always appeared ambivalent over the war in Ukraine and continuing aid. The comment was an ominous one for Ukraine, however, suggesting Trump could be tempted to pull the rug on further aid. "Donald Trump would mean a big break with a couple of NATO policies, in particular on the question of Ukraine and support to Ukraine.
Persons: JD Vance, Donald Trump, Gaelen Morse, Donald Trump's, Sen, Ohio Republican Vance, Volodymyr Zelenskyy's, Trump, Vance, Ukraine —, Vladimir Putin, Europe hasn't, Timothy Ash, Ash, Vance et, Volodymyr Zelensky, Mitch McConnell, Charles Schumer, Drew Angerer, Zelenskyy, Russia's Putin, Mikhail Klimentyev, Reuters Keen, ringfence, Guntram Wolff, Wolff, Putin Organizations: Republican, U.S, Reuters Republican, Kyiv Tuesday, Ohio Republican, Marines, Kyiv —, NBC News, Financial Times, NATO, BlueBay Asset Management, Russia, Capitol, Republicans, National Governors Association, Trump, Sputnik, Reuters, CNBC Locations: Youngstown , Ohio, Kyiv, Ukraine, U.S, Russia, Europe, Russian, United States, America, Washington ,, Utah, Osaka, Japan, Washington, Trump
The clip also shows Trump telling his ostensible campaign rival, "I would love you to do something. A Trump campaign spokesman did not immediately respond to CNBC's request for clarification about the leaked conversation, which Kennedy verified later Tuesday morning. There's this massive, and then you see the baby all of a sudden starting to change radically. "There's this massive, and then you see the baby all of a sudden starting to change radically," Trump claims. The video clip does not appear to show the entire call.
Persons: Donald Trump, Robert F, Kennedy Jr, Trump, Kennedy, Biden, Kennedy's, Bobby Kennedy III, Bobby, Kennedy III Organizations: Trump Locations: United States, Pennsylvania
Republican presidential nominee and former U.S. President Donald Trump walks during Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. The motive of the 20-year-old gunman who tried to assassinate former President Donald Trump remained unknown three days after the shooting at a campaign rally in western Pennsylvania. Authorities found more than a dozen guns were in a search of the Crooks family home. Two suspected improvised explosive devices were found in Crooks' car near the rally, while a third suspected IED was found at his home. A joint intelligence bulletin issued by the FBI and Department of Homeland Security warned that extremists may conduct attacks in retaliation for the assassination attempt, a source told NBC News.
Persons: Donald Trump, Thomas Crooks, Crooks Organizations: Republican National Convention, Trump, Secret Service, NBC News, Authorities, FBI, Department of Homeland Security, NBC, DHS Locations: Milwaukee , Wisconsin, U.S, Pennsylvania, Bethel Park , Pennsylvania
Trump 2.0 could be bad news for global inflation, analysts say
  + stars: | 2024-07-16 | by ( ) www.cnbc.com   time to read: +3 min
Brendan Smialowski | Afp | Getty ImagesA second presidential term for former President Donald Trump could reignite global inflation as his America-first policies drive up costs across the world, analysts warned. "The level of inflation is higher, inflation expectations are higher, and we're still in this inflation mindset." A recent poll of economists suggested, however, that the majority see inflation ticking higher under Trump due to his hard-line protectionist stance. watch nowThat higher inflation could spill over into Asia, too, Nomura's Gareth Nicholson said in a note to CNBC. In Europe, Goldman Sachs predicted in a Friday note that a Trump presidency could add a 0.1 percentage point increase to inflation as higher tariffs weigh on global trade.
Persons: Donald Trump, Brendan Smialowski, Michael Metcalfe, CNBC's, we're, Joe Biden, Trump, Nomura's Gareth Nicholson, Goldman Sachs, Manulife's Marc Franklin Organizations: Republican, Convention, Afp, Getty, Street Global Markets, Trump, Biden, CNBC, Republican National Convention Locations: Milwaukee , Wisconsin, America, U.S, Asia, Europe, China, Milwaukee, Pennsylvania
China's biggest policy meeting in six years kicks will kick off this week. Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell's comments that the central bank will not wait until inflation hits 2% to cut interest rates. Powell indicated that central bank is looking for "greater confidence" that inflation will drop to the 2% level, citing "long and variable lags" in policy effects. The blue-chip Dow also reached a new intraday high, advancing 0.53% to close at 40,211.72. Similarly, The S&P 500 added 0.28% to 5,631.22, while the Nasdaq Composite gained 0.4% to end at 18,472.57.
Persons: Jerome Powell's, Powell, Donald Trump's, Dow Organizations: Republican, Dow Jones, Nasdaq Locations: Asia, Pacific
Read previewHere's an update from Vivek Ramaswamy's attempt to take over, or at least influence, BuzzFeed: Nothing's happening. There's a reason the non-news is worth noting today, though: It's July 15, the deadline Ramaswamy set for BuzzFeed to expand its board of directors by adding three new members he proposed. AdvertisementLast month, Ramaswamy and two of his proposed directors met with BuzzFeed CEO Jonah Peretti via conference call, which people on both sides of the table described as cordial. And if Ramaswamy has any plans to ratchet up pressure on BuzzFeed, he has yet to disclose them. That is: We're still wondering if Ramaswamy has spent millions on BuzzFeed because he wants attention, or wants to make money, or maybe both.
Persons: , Vivek Ramaswamy's, Ramaswamy, There's, Jonah Peretti, there's, Chris Balfe, podcaster Patrick Bet, Clay Travis, Vivek, Tricia McLaughlin, Ramaswamy's, he's Organizations: Service, Republican, Business
Trump Media shares surged 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday. Shares in Trump Media & Technology Group were 50% higher in premarket trading at 6:29 a.m. "I also call for the federal government to provide any security resources requested by President Trump to guarantee his safety," he added. Trump Media, the parent company of social media platform Truth Social, has seen volatile trading throughout the election race. In its first-quarter earnings report, filed in May, Trump Media posted a net loss of $327.6 million and total revenue of $770,500.
Persons: Donald Trump, Trump, Devin Nunes, Nunes, President Trump, Rob Casey, CNBC's Organizations: Republican, Trump Media, Trump Media & Technology Group, Trump, Signum Global Advisors, Truth Locations: Chesapeake , Virginia, Pennsylvania, TMTG
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | ReutersU.S. stocks are expected to get a short-term boost in the aftermath of the failed assassination of former president Donald Trump over the weekend, as analysts say the likelihood of his re-election in November has increased. "The events on Saturday, if they do anything, they strengthen the case for President Donald Trump to win the election in November. watch nowPolls showed Trump retaining his lead over President Joe Biden a day after the shooting at a Republican rally in Pennsylvania. "These events, as unfortunate as they are in terms of political change, do not really change the direction of global markets and the global economy," he said Monday.
Persons: Donald Trump, Brendan Mcdermid, Rob Casey, CNBC's, Trump, Casey, Brian Gardner, Joe Biden, Biden, Guillaume Menuet, It's Organizations: Reuters, Trump, Global Advisors, Republican, Democratic, BMI, Fitch Solutions, CNBC, EMEA, Citi Global Wealth Locations: Butler , Pennsylvania, U.S, Reuters U.S, Washington, Pennsylvania
If enacted, Project 2025 would bring major changes to Americans' finances. "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign," a spokesperson from Project 2025 said in a statement. "We are a coalition of more than 110 conservative groups advocating policy and personnel recommendations for the next conservative president." "But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement," the organization said. While some of the changes proposed in Project 2025 could happen via executive action, many would need congressional approval, which could prove difficult in a divided government.
Persons: Donald Trump, Trump, Joe Biden, Biden, Zers, we've Organizations: Heritage Foundation, Trump, Finance, America Locations: Philadelphia
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. U.S. stock futures were slightly higher on Monday after the Dow Jones Industrial Average closed at a record high. The market also continued its rotation into small-cap stocks, with the Russell 2000 rising 1.8% during Monday's session. The Russell 2000 posted a 6% gain last week. Lee said that small-cap stocks look comparatively more oversold, with valuations even lower this time around.
Persons: Donald Trump, Russell, Tom Lee, Lee, Morgan Stanley, UnitedHealth, Charles Schwab Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Republican, GOP, Fundstrat Global Advisors, Bank of America Locations: New York City, U.S
On Monday, Trump announced that he had selected Sen. JD Vance of Ohio as his vice presidential pick. In selecting Vance, Trump stiff-armed the establishment and Wall Street voices that settled on another finalist, North Dakota Gov. In May, he expressed skepticism that former Vice President Mike Pence's life was ever truly in danger during the Capitol riot. Related storiesLike Trump, Vance has embraced conspiracies about the 2020 election. Like Trump, Vance has also strongly questioned sending defense aid to Ukraine.
Persons: , Donald Trump, Sen, JD Vance, Ohio, Vance, Trump, Doug Burgum, Elon Musk, Donald Trump Jr, I've, Trumper, MAGA, Joe Biden, Mike Pence's, Hitler, Pence, Joe Biden's, Mike Pence wouldn't, Biden, Harris, Jen O'Malley Dillon, Reagan, John McCain Organizations: Service, Trump, North Dakota Gov, Business, CNN, Democrats, Republican Party, Republican, Democratic Party, Ohio Republican, New York Times, GOP, Munich, Conference Locations: Pennsylvania, Ukraine
“The Secret Service is tasked with the tremendous responsibility of protecting the current and former leaders of our democracy,” Cheatle said. The shooter, identified by authorities as 20-year-old Thomas Matthew Crooks, also was killed by Secret Service agents at the scene. A source not directly involved but with knowledge of Secret Service operations described possible roaming posts, for example, as part of some operational plans. The Secret Service regularly works with local law enforcement agencies to assist with securing events, as is the case in Milwaukee. Further, the Secret Service utilized two local counter-sniper teams during Trump’s rally, in addition to two Secret Service counter-sniper teams.
Persons: Donald Trump, Kimberly Cheatle, Joe Biden, ” Cheatle, Biden, Thomas Matthew Crooks, Crooks, Mike Johnson, Alejandro Mayorkas, Organizations: CNN, Secret, Republican National Convention, Secret Service, American Glass Research, United States Secret Service, Trump, Service, RNC, Republican, Democratic, DHS, FBI, Senate Homeland Security, Homeland Locations: Milwaukee, USSS
But political violence hasn’t stopped since then. The nation is also still processing the attack on the US Capitol by Trump supporters on January 6, 2021. In one of the most poignant reactions, Giffords said in a statement, “Political violence is terrifying. I know.” She added: “I’m holding former President Trump, and all those affected by today’s indefensible act of violence in my heart. Political violence is un-American and is never acceptable – never.”Unfortunately, history suggests that violence, while indefensible, is also a quintessential scar on American politics.
Persons: Donald Trump, America’s, MAGA, flinched, Evan Vucci, Trump, , Joe Biden, John F, Kennedy, Robert F, Martin Luther King Jr, hasn’t, Gabrielle Giffords, Steve Scalise, Joseph Meyn, CNN’s, , ” “, Reagan, Biden, he’s, ” Biden, he’d, Donald ”, , Biden –, Giffords Organizations: CNN, Republican, GOP, Associated Press, Secret Service, Secret, Democratic, Democratic National Convention, Arizona Democrat, Trump, ” “ JFK, RFK, MLK, New, White House, Republican National Convention Locations: Butler , Pennsylvania, American, Butler, Pa, Chicago, Arizona, New York, Rehoboth Beach , Delaware, America, Washington, United States, Atlanta, Milwaukee
Trump victory trades to swell after shooting, investors say
  + stars: | 2024-07-14 | by ( ) www.cnbc.com   time to read: +4 min
Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt. The first shooting of a U.S. president or major party candidate since a 1981 assassination attempt on Republican President Ronald Reagan could upend the Nov. 5 rematch between Republican Trump and President Joe Biden, a Democrat, which has been tight in opinion polls. World leaders and U.S. politicians condemned the shooting, while some industry executives, including Tesla chief Elon Musk, declared their support for Trump. Investors also expect an extension of corporate and personal tax cuts expiring next year, fuelling concerns about rising budget deficits under Trump.
Persons: BUTLER, Donald Trump, Donald Trump's, Trump, Rong Ren Goh, Ronald Reagan, Joe Biden, Reagan, Nick Ferres, Elon Musk, Biden, Jerome Powell, Goldman Sachs, Bill Ackman, Musk Organizations: Republican, Secret, U.S, Treasury, Eastspring Investments, Republican Trump, Democrat, Asset Management, Tesla, Trump, Reuters, Investors, Federal, Biden, Dow Jones, Democratic, Goldman Locations: PENNSYLVANIA, Butler , Pennsylvania, Pennsylvania, Singapore
The shots rang out at 6:10 p.m. Former President Donald J. Trump clutched his right ear as blood spurted out, then ducked for cover as supporters screamed and Secret Service agents raced to surround and protect him. Within moments, someone shouted “shooter down” and the agents, agitated but in control, began moving Mr. Trump offstage to safety. “Wait, wait, wait, wait,” he called out, then made a point of pumping his fist at the crowd and seemed to defiantly shout, “Fight! The explosion of political violence came at an especially volatile moment in American history and further inflamed an already stormy campaign for the White House. But a male spectator at the rally was killed and two other men were critically wounded, authorities said.
Persons: Donald J, Trump, Organizations: Service, White, Secret Service Locations: U.S.A, United States, Butler, Pa
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