Stock Indexes Close Mixed Amid New Trade Deal and the Search for a Fed Chair
President Trump announced a new trade deal with Indonesia, while Treasury Secretary Scott Bessent said the formal search for Fed Chair Jerome Powell’s successor has begun. Plus: Nvidia shares rose after the White House said the company will be able to sell artificial intelligence chips to China. And, MP Materials struck a $500 million deal with Apple. Danny Lewis hosts.
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U.S. Inflation Picks Up as Tariffs Start to Seep Into Prices
Plus: JPMorgan Chase reported a better-than-expected profit for the second quarter. And a top sales executive at Tesla has left the company. Pierre Bienaimé hosts.
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Nvidia Can Sell AI Chip to China Again After CEO Meets Trump
Plus: China’s economy holds up under pressure from U.S. tariffs. And Volvo Car warns of U.S. tariff impact. Azhar Sukri hosts.
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2:59
Markets Edge Higher After President's Latest Tariff Threats
President Trump threatened new tariffs on Russia, Mexico and the EU. Plus: Crypto-sensitive stocks rose, as bitcoin prices rallied to another high. Kenvue shares rose after the maker of Tylenol and Benadryl named a new interim CEO. Volvo shares fell after the company said it would take a non-cash impairment charge. And, Warner Bros. Discovery had a good opening weekend with its new “Superman” movie, sending its shares higher. Charlotte Gartenberg hosts.
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Trump Agrees to NATO Deal Sending Weapons to Ukraine
Plus: Becton Dickinson will divest its biosciences and diagnostic solutions business to Waters Corp. for around $17.5 billion. And at least nine people were killed after a fire tore through an assisted living facility in Massachusetts.
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