President Trump says he's ordered two nuclear submarines to "be positioned in appropriate regions" in response to what he called "foolish and inflammatory" comments by Russia's former leader, Dmitry Medvedev. In a recent post, Mr Medvedev said US threats of tough sanctions on Russia over Ukraine were “a step towards war”. Mr Trump did not say if he was referring to nuclear powered or nuclear armed submarines. Also: Trump fires lead official on economic data as tariffs and weaker job growth cause market drop; Rhino horns turned radioactive to fight poachers in South Africa.
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President Trump fires official overseeing employment data after dismal jobs report. Four killed at a Montana bar; suspect still at large. President Trump orders nuclear submarines repositioned after statements from Russian official
CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.
Thursday night, President Trump announced new tariff rates, and a new deadline. For weeks, the administration said that new, tougher tariffs would go into effect August 1 — instead, most countries won't see the new rates kick in for at least a week.
Meanwhile, new numbers from the Labor Department show job growth slowed sharply this spring, as President Trump's earlier, worldwide tariffs started to bite. Shortly after their release, Trump said he was firing the head of the government agency that produced that report.
White House correspondent Danielle Kurtzleben and economic correspondent Scott Horsley discuss the consequences of Trump's tariffs so far and going forward.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
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.
