President Trump says he wants to help the people of Gaza to live, following a visit by his special envoy, Steve Witkoff, to a controversial US and Israeli- backed aid site in the territory. Plus, the BBC investigates the cases of 160 children shot dead inside the Gaza Strip.
Also in the programme: Malawi hits its UN development goals for HIV and AIDS ahead of its targets; radioactive injections aimed at saving South Africa's rhinos; and we follow the market reaction to Donald Trump's global tariff deals -- and new US job figures.
P.M. Edition for Aug. 1. The jobs report, which showed sharply lower revised numbers for May and June, may open the door for the Fed to cut interest rates at its next meeting in September. WSJ finance news editor Christina Rexrode joins to discuss. Plus, software company Figma’s stock market debut yesterday saw its stock price jump 250% in its first day of trading, leaving some $3 billion on the table. We hear from Corrie Driebusch, who covers U.S. capital markets for the Journal, about why that happened. And President Trump says he will position two nuclear submarines “in the appropriate regions” in response to criticism from a former Russian leader. Alex Ossola hosts.
So why are media outlets still talking down the economy? And why is Chairman of the Federal Reserve Jerome Powell refusing to cut interest rates, despite earlier recession warnings that never materialized? Victor Davis Hanson breaks it all down on today’s episode of “Victor Davis Hanson: In His Own Words.”
“Remember that The Wall Street Journal, New York Times, Washington Post, and our main media organs all told us in May when Donald Trump was talking about art of the deal tariffs, … we were going to have high inflation, stagflation, bad job growth, static GDP, and a trade war along with a Wall Street collapse, basically a recession. Well, wall Street stock prices are at historical highs. Every one of those predictions was wrong.
“If [Powell] is worried about a trade war, and tariffs and soft job growth, which was predictive but didn't happen, why don't you lower interest rates? And the fact is that if you look at the interest rates that he did cut right before the 2024 election and his all over the map, attitude toward interest rates today, there is no logic because if he's worried that the economy inflation might— it's gone up one 10th of an point and it's steaming and then he's going to what? Keep interest rates that high?”
👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com
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The latest price moves and insights with Fundstrat Capital Co-Founder and CIO Tom Lee.
To get the show every week, follow the podcast here.
Tom Lee, Fundstrat Capital Co-Founder and CIO and BitMine Chairman, is back on CoinDesk to revisit and unveil his latest price predictions including a bold $200K-250K target for BTC. He also unpacks the "most hated V-shape bounce in history" and reveals what's fueling Ethereum's rally.
This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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Midnight is a privacy-enhancing blockchain introducing vital, programmable privacy and selective disclosure capabilities.
It means DApps can allow users to control what information is revealed without putting sensitive data on-chain, allowing you to break free from the limitation of choosing between utility or privacy.
We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.
Break free with Midnight, visit midnight.network/break-free
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Strategy reported Q2 net income of $10 billion.
Strategy reported Q2 earnings of $32.60 per share, boosted by $14 billion in gains thanks to bitcoin's price rise during the three-month period. Plus, SEC Chairman Paul Atkins announced "Project Crypto" to modernize securities rules for crypto assets. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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Midnight is a privacy-enhancing blockchain introducing vital, programmable privacy and selective disclosure capabilities.
It means DApps can allow users to control what information is revealed without putting sensitive data on-chain, allowing you to break free from the limitation of choosing between utility or privacy.
We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.
Break free with Midnight, visit midnight.network/break-free
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
Bonus Episode for Aug. 1. Logistics companies that deliver the goods you use everyday are grappling with rapid shifts in freight demand due to President Trump’s trade war. Warehouse operator Prologis, trucking giant J.B. Hunt and parcel carrier United Parcel Service are also still dealing with a yearslong slump in freight demand following the pandemic. Elsewhere in the industry, railroad giants Union Pacific and Norfolk Southern plan to merge in a deal that would create the first coast-to-coast rail operator in U.S. history. WSJ reporter Esther Fung discusses what companies are saying in earnings reports and analyst calls.
Liz Young hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.
The BBC World Service has pieced together the story of two-year-old Layan al-Majdalawi, who was killed in Gaza in areas where the Israel Defense Forces (IDF) was operating. Layan is just one of more than 160 cases of children shot in the war in Gaza, for whom we have gathered accounts. The IDF told us they are examining the case, and that: "Intentional harm to civilians, especially children, is strictly prohibited."
Also the programme: President Trump announces he is imposing higher tax rates on imports to America from dozens of countries who've failed to reach a trade deal with him; and Chinese schoolgirl Yu Zidi becomes the youngest swimmer in history to win a medal at the World Aquatics Championships.
(Picture: Layan al-Majdalawi, two, killed in Gaza in November 2023. Credit: Majdalawi family).
This week EPA administrator Lee Zeldin began the process of negating the 2009 “Endangerment Finding” that was, as President Obama called it, the ‘Holy Grail of Climate Change Regulation.’ This was where the idea that the very byproduct of Human existence, Carbon Dioxide, could be regulated as a pollutant.
So, here in Viginia we have the Virginia Clean Economy Act that was passed in 2020 by the Democrat-majority General Assembly and signed into law by Governor Ralph Northam. If you have heard about “California-ing Virginia,” this is the act that did that. Connecting Virginia’s environmental regulations to California’s including getting to “net zero” carbon emissions by 2030. This law also put a stop to new electric generating facilities being built to replace retiring ones despite the demand skyrocketing.
What does the EPA’s action mean for this law? Can it be repealed? Overturned in court? We sit down with analyst for the Thomas Jefferson Institute Steve Haner to find out.
DR Congo have agreed a multi-million kit deal with Spanish football club Barcelona, rasing many questions. We hear from Dr Congo's Sports Minister, Didier Budimbu.
Also, Northern Nigeria is facing food insecurity with the UN warning that aid cuts will push Nigerians into the arms of Boko Haram jihadists.
And Kenya proposes drastic plans to control alcohol intake, following Ghana along the same pathway. So what can Kenya expect? We hear from a Ghanaian influencer.
Presenter: Charles Gitonga
Producers: Richard Kagoe in Nairobi. Yvette Twagiramariya, Patricia Whitehorne, Sunita Nahar and Mark Wilberforce in London
Technical Producer: Francesca Dunne
Senior Producer: Paul Bakibinga
Editors: Andre Lombard and Alice Muthengi
