Today, Bloomberg's Mike Mckee discusses newly minted Fed Chair Kevin Warsh's impact on future decisions as the Fed takes on a hawkish bent under his leadership. Then, Sherry Paul, managing director and private wealth advisor at Morgan Stanley Private Wealth Management, on how she is approaching the investment market as tech stocks dominate the majority of growth. Plus, Deep Fission CEO Liz Muller is joined by Bloomberg's Will Wade to discuss strides in nuclear power innovation as her company begins trading. Finally, Randall Williams recounts the New York Knicks championship ticker tape parade and previews this weekend's slate of World Cup games. (Source: Bloomberg)
With 24 hours to go before a memorandum of understanding with Iran is scheduled to be signed in Switzerland, Vice President JD Vance threw doubt on whether the ceremony will occur.
Vice-president says Israeli cabinet members shouldn’t attack the country’s ‘only powerful ally’ left; Iran says it will impose fees on strait of Hormuz – key US politics stories from Thursday 18 JuneJD Vance has sharply rebuked Israeli government critics of the US deal with Iran, saying the cabinet members should remember that two-thirds of the defensive weapons that have protected Israel “have been built by American hands and paid for by American tax dollars”.The US vice-president, asked about a report that Israeli prime minister Benjamin Netanyahu was fuming over the agreement, told reporters at the White House: “If I was in the cabinet of the Israeli government, I might not be attacking the only powerful ally that I have anywhere left in the entire world.” Continue reading...
Fox News cut away from former President Barack Obama's historic remarks at the opening of his presidential library on Thursday to go to political analyst Reince Priebus.The abrupt switch came during Obama's dedication speech at the $850 million Obama Presidential Center in Chicago's Jackson Park, where three former presidents and a roster of A-list performers had gathered for an invitation-only ceremony.Obama was mid-sentence when anchor Sandra Smith pulled the plug."Hard things are hard," Obama told the crowd. "And that's especially true in a big, raucous, diverse, argumentative democracy like the United States of America. Everybody's got an opinion. And that means getting stuff done involves reconciling the demands of a couple hundred million people.""Alright," Smith said, cutting him off. "You've been listening live to former President Barack Obama there in Chicago at the grand opening of the Obama Presidential Center."Co-anchor John Roberts offered a brief recap — noting that former Presidents Bill Clinton and George W. Bush were in the audience and remarking that Bono "still looks pretty good" — before pivoting hard to Iran."JD Vance becoming a public face to the Trump administration's deal with Iran and what could be a moment that shapes a potential 2028 White House bid," Roberts said. "Reince Priebus is standing by."Priebus, a Fox News political analyst and former Republican National Committee chairman, then held forth on the Iran memorandum of understanding, calling it "a sixty-day trial run.""Americans care more about $5 gasoline than they do staying in a war with Iran," Priebus said. "That is an unpleasant thing for some people out there to live with, but it's true."President Donald Trump was not invited to the ceremony. Obama Foundation CEO Valerie Jarrett said the event was reserved for those who supported Obama's journey.The center opens to the public on Friday.
Drivers feel some relief but prices still a dollar more per gallon overall since before US-Israel attack on IranSign up for the Breaking News US newsletter email The average price of US gasoline fell to just under $4 a gallon on Thursday for the first time since March, following the announcement of a preliminary agreement between the US and Iran to end the war and reopen the strait of Hormuz.The development has provided some relief to drivers who have seen soaring costs amid Washington’s war with Iran. But filling up still remains more expensive than it was before the conflict began. Continue reading...
Balkan FIFA World Cup fever has officially hit the city of Inglewood.
President Donald Trump joked Vice President JD Vance would bear blame if the Iran peace deal fails, but Republicans are already privately criticizing the agreement while publicly remaining silent. Oil industry insiders and GOP lawmakers object to economic support for Iran and Trump's defense of Iran's ballistic missile rights, with one Republican calling it total surrender, reported Politico's Playbook. "Plenty of Republican lawmakers are also uncomfortable, in private at least," Playbook wrote. Vance's team welcomes the deal being framed as the "Vance Peace Deal," given the war's broad unpopularity, reports Dasha [Burns] on the Playbook Podcast. White House officials view ending the conflict as politically necessary, and Vance's willingness to front the agreement reflects this. A White House insider noted that GOP attacks inadvertently inoculate Vance from the war's unpopularity while positioning him to defend Trump from criticism. The dynamic paradoxically strengthens Vance's political standing as he defends the president against his own party's complaints.Watch the video below. Your browser does not support the video tag.
Vice President JD Vance will not head to Switzerland Thursday evening for the first round of planned technical nuclear talks with Iran, his office announced.
The number of student loan borrowers in default soared to a record 9.16 million in April after the government ended a four-year pause on collections that was instituted during the Covid pandemic, according to the latest data from the US Department of Education.