It's Jobs Friday and all eyes are on government workers. Will the Trump administration's layoffs finally show up in the latest jobs report? Today on the show, we look at the numbers for federal workers and who's trying to hire them.
US President Donald Trump has announced sweeping tariffs on global trade, adding taxes of as much as 50% to imports from some countries.
The tariffs, he says, are ?reciprocal? ? calculated to address currency manipulation and trade barriers that other countries place on the US.
However, when you look at how the new tariffs were actually calculated, that claim does not add up.
Tim Harford speaks to Thomas Sampson, an associate professor at the London School of Economics, to understand what is going on.
Presenter: Tim Harford
Producers: Lizzy McNeill and Nathan Gower
Series producer: Tom Colls
Production co-ordinator: Brenda Brown
Sound mix: Neil Churchill
Editor: Richard Vadon
Host Christine Lee breaks down the latest news in the crypto industry as China announced 34% retaliatory tariffs on U.S. imports.
Bitcoin sheds gains after China announced 34% retaliatory tariffs on U.S. imports and U.S. stocks extended losses after the Nasdaq suffered its worst day in 25 years. Plus, Binance co-founder CZ will advise Kyrgyzstan on blockchain tech. CoinDesk's Christine Lee hosts "CoinDesk Daily."
-
This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
Two stories dominated headlines this week, and they both have to do with Trump: Hut 8 launches a new Trump-back subsidiary, American Bitcoin, and blanket tariffs are set to disrupt everything from auto sales to ASIC miner imports.
Welcome to The Mining Pod's news roundup! Colin Harper and Matt Kimmel are joined by special guest Ethan Vera, the COO of Luxor, to discuss one of the most electric weeks for bitcoin mining news this year. They break down Hut8's new Trump-affiliated subsidiary American Bitcoin, Galaxy Digital's 15-year, $4.5 billion hosting agreement with CoreWeave, and how the Trump administration's blanket tariffs are bad news for miners and could lead to a 20-30% rise in ASIC miner prices. Plus, they cover Cango’s proposal to sell its auto-finance business to a Bitmain-linked entity for $352 million, and for this week’s cry corner, why Jack Dorsey thinks Lightning just isn’t cutting it.
# Notes:
- Hash price at pre-election lows of $40/PH/s/day
- Hut 8’sTrump-backed American Bitcoin
- Galaxy-CoreWeave deal worth $4.5B over 15 years
- New tariffs that will impact miners: 36% Thailand, 32% Indonesia, 24% Malaysia
-Cango proposes to sell its autofi business for $352 million
- Jack Dorsey: "We can do better than Lightning"
Timestamps:
00:00 Start
01:50 Difficulty Report
04:58 Trumps enter BTC mining
11:14 Galaxy CoreWeave deal
16:14 Tariffs are taxes
25:14 Cango Exits Auto Business
30:40 Cry Corner-LN a failure?
👉 CleanSpark (CLSK), America’s Bitcoin Miner!
Cleanspark develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Learn more by visiting https://www.cleanspark.com/!
👉 Digital Shovel, All Things Crypto Mining!
Are you a Crypto miner looking to expand your operations leading into this next Bull Market? Digital Shovel is a leading manufacturer of modular mining pods, as well as PDUs & Switchgears. Industry leading prices starting at $69,000/MW for a complete datacenter, including Smart PDUs and switchgear. For more information, visit www.DigitalShovel.com
👉 Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
👉 Nicehash, Hashrate, Bitcoin payments and mining!
NiceHash is the world leading hashrate marketplace providing a full suite of tools and software for miners to optimize their operations. Based in Switzerland, NiceHash is a fully regulated crypto mining platform.
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the
Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews
Did the successive national shocks of the past half-century lead to the shock of "Liberation Day"? That was the focus of my COMMENTARY daily newsletter from yesterday, and today we use that newsletter as a launching point to discuss Trump's tariffs, the public's reaction, and if we ever lived in "normal" times. Give a listen.
It's shaping up to be another bad day for stocks after tariff concerns sparked a nose dive yesterday. National security firings. Deadly storms in the Midwest and South. CBS News Correspondent Steve Kathan has today's World News Roundup.`
The Art Institute's Frida Kahlo’s Month in Paris: A Friendship with Mary Reynolds explores a pivotal moment in Kahlo’s career. Reset sits down with Caitlin Haskell, Gary C. and Frances Comer senior curator of Modern and Contemporary Art, one of the curators behind the exhibition to learn more about the two artists’ friendship and their connection to the surrealist art movement.
This exhibition will be open now until Sunday, July 13, 2025. Tickets are an additional $5 in addison to a general admission.
For a full archive of Reset interviews, head over to wbez.org/reset.
Steep new tariffs are set to take effect at midnight on nearly everything the U.S. imports. Big businesses are losing market value and small businesses feel like they're caught in the middle of something they can't control. And, a number of National Security Council staffers have been fired after President Trump met with a far-right activist.
Today's episode of Up First was edited by Pallavi Gogoi, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Damian Herring. Our technical director is Carleigh Strange and our Executive Producer is Jay Shaylor.
South Korea has been paralysed since its president declared martial law in December. Even after his impeachment, politicians face a divided polity and battered economy. Why governments should pay attention to the “Henry” – High Earner, Not Rich Yet (9:49). And what tiffs over tofu teach us (15:38).