Treasury planning to mint $1 coins bearing Trump’s image
Fox News contributor Liz Peek joins Varney & Co. to discuss President Donald Trumps approval rating increasing despite a government shutdown. EXCLUSIVE: The Treasury Department is considering a plan to mint new $1 coins bearing President Donald Trump’s image as part of a push to commemorate the 250th anniversary of America’s founding, FOX Business has […]
OpenAI’s $500B valuation makes it world’s most valuable private company: report
OpenAI CFO Sarah Friar joins Mornings with Maria to discuss major investments from NVIDIA, SoftBank, and others, the U.S.–China AI race, and how AI will transform jobs, business, and America’s economic future. A recently completed stock deal saw OpenAI’s valuation surge to $500 billion and become the world’s most valuable private company, according to a report. […]
Shutdown delays September jobs report as economists expected 50,000 jobs added
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the impact a government shutdown would have on the agency, inflation and more on ‘The Claman Countdown.’ The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative […]
What’s the significance of Trump’s push to remove Lisa Cook from the Fed board?
Kenny Polcari, SlateStone Wealth chief market strategist, discusses whether the Fed can live with 3% inflation on ‘Varney & Co.’ President Donald Trump’s effort to remove a member of the Federal Reserve’s Board of Governors comes amid his push to reshape the composition of the central bank’s panel that makes interest rate decisions. Trump attempted to fire […]
Experts predict minimal market impact from new government shutdown
Goldman Sachs’ Meena Flynn says U.S. GDP will take a hit every week of the government shutdown, but S&P and others tracking for record highs on ‘The Claman Countdown.’ A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty over economic conditions and how financial […]
Drought drives cattle inventory to 1951 lows; beef prices surge
Kelly Saberi of Fox Business joins ‘Varney & Co.’ to discuss a decrease in cattle leading to a record high price of beef. Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for […]
Fed’s Goolsbee warns of impact a shutdown could have on economic data releases
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the impact a government shutdown would have on the agency, inflation and more on ‘The Claman Countdown.’ Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not […]
Experts predict minimal economic impact from potential government shutdown
Panelists on ‘The Big Money Show’ discuss Washington’s looming government shutdown, Obamacare subsidies and why voters’ trust in lawmakers sinks as political theater overshadows real solutions. A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, […]
The Fed, CBO and Trump administration release conflicting economic projections
UBS managing director and senior portfolio manager Jason Katz discusses whether the Federal Reserve will further cut interest rates on ‘Varney & Co.’ The U.S. economy is at an inflection point as the Federal Reserve cut interest rates for the first time this month amid indications that the labor market is weakening despite inflation remaining above […]
Trader Joe’s and Walmart recall frozen meals over deadly listeria outbreak
Possible government shutdown could interrupt release of September jobs report; Apples thinnest iPhone ever passes bend test; Maxwell House changes name for National Coffee Day. A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well as 19 hospitalizations, according to the Centers for Disease Control […]