Consumer confidence dipped to a five-year low in April amid Trump’s tariffs
“Claman Countdown” panelists Gary Cartbaum and Jeffsika discuss the performance and consumer sentiment of retail stocks. Consumer confidence fell to its lowest level in almost five years in April as concerns about tariffs and trade uncertainty placed emphasis on economic outlook. The conference committee said Tuesday its consumer confidence index fell 7.9 points to 86 […]
Bessent says US will weigh China’s failure on ‘phase one’ trade deal
Treasury Secretary Scott Bescent is debating the possibility of bringing trade contracts and manufacturing back to the country in “Kudrow.” Treasury Secretary Scott Bescent said he would take into account the lack of compliance with the trade contract from his first term when the Trump administration finalized China's new trade contract on Tuesday. Bescent was […]
Delta Air Lines employees to receive pay raises for fourth consecutive year
Delta Air Lines CEO Ed Bastian told the Kraman Countdown about the company's development at CES 2025. Delta Air Lines announced that employees around the world will receive pay increases this year, indicating that the company has increased wages for the fourth consecutive year. According to a Delta news release, each employee receives a 4% […]
Private sector added 62,000 jobs in April: ADP
Marlin Steel CEO Drew Greenblatt assesses the impact of President Donald Trump's economic, tariffs and trade agenda on “The Evening Edit.” Private sector companies We added 62,000 jobs in April. Payroll processing company ADP said Wednesday. This figure is significantly lower than the economists' estimate of 115,000 employment from the previous month's 155,000 readings. “Anxiety […]
US first-quarter GDP: Economy contracted at a 0.3% rate
Steve Forbes Media's “Big Money Show” panel will be presenting the international meaning of the growing trade tensions between the US and China. The US economy signed in the first quarter as President Donald Trump's economic agenda came into effect, according to new data released Wednesday. The Department of Commerce's Economic Analysis Bureau (BEA) has […]
Fed’s favored inflation gauge showed price growth slowed in March
Forbes Chairman and Editor-in-Chief Steve Forbes warns of US prices rising amid global tariff tensions and rising among Federal Reserve leaders. The Federal Reserve's priority inflation gauge showed price growth slowed in March, indicating that inflation was close to central bank target rates. On Wednesday, the Commerce Department reported that the Personal Consumption Expense (PCE) […]
Elon Musk says DOGE should ‘definitely’ look at Federal Reserve’s costs
Rep. Aaron Bean (R-Fla.) discusses whether Doge can effectively execute when Elon Musk returns to “Varney & Co.” Billionaire Elon Musk said Wednesday that the government's Office of Efficiency (DOGE) should investigate Federal Reserve spending on headquarters renovations. Musk has been a Doge overview since its inception and said last week that he will step […]
Goldman Sachs CEO David Solomon believes markets will ‘settle down’
Ocean First Bank Chairman and CEO Christopher Maher joins Maria in the morning to analyze the impact of tariffs on regional banks. Goldman Sachs CEO David Solomon said Tuesday that he believes financial markets will overcome the settlement of financial markets to resolve the expected increase in mergers with companies undergoing a common listing process. […]
US Chamber of Commerce urges Trump admin for tariff exclusions for small businesses
Forbes media chairman Steve Forbes analyzes how President Donald Trump's announcement of mutual tariffs means “final lines” for American companies. In a new letter to the Trump administration, the U.S. Chamber of Commerce warned that small businesses need automatic exclusion from tariffs that could undermine their ability to survive. The Chamber of Commerce on Thursday […]
DHL Express restarts global shipments of packages worth over $800 to US consumers
Penn Mutual Asset Management Portfolio Manager George Cipolloni unlocks the stock market’s response to tariff uncertainty in “Morinss with Maria.” DHL Express is resuming shipments from businesses in other countries worth more than $800 to US consumers. The parcel delivery company announced the move Monday, marking the end of a temporary suspension of over $800 […]