Trump’s tax cuts and tariff levies appear decisive. The US will earn less from taxes, but more from tariffs. It is doubtful that the US will be able to bring a major bulk of manufacturing onshore. Regardless, the $35t US debt isn’t going anywhere. Elon says he could cut $2t in annual spending – a considerable sum. But the displaced work force would need to go somewhere or the administration will be met with substantial pressure. My guess is this – a) Trump will cut costs. b) Trump will print money to finance debt at a steady rate and lean on continued US leadership on AI, space and robotics dealing with debt with continued exponential growth.
• Trump Says Musk, Ramaswamy to Lead Government Efficiency Effort
Must and Ramaswamy’s job is to dismantle bureaucracy, slash regulations, cut expenditures, and restructure Federal Agencies. Musk previously said that he could cut $2t in spending.
Q: Does Trump really believe that he can offset inflationary effects of tariff and lower taxes by cutting expenses? Seems like he’s going that way.
• Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap
Investors are wary that inflation would not come down, as a result of Trump’s tax reduction and tariffs, leaving rates at a higher level.
• Apple’s Next Device Is an AI Wall Tablet for Home Control, Siri and Video Calls
The command center for the home is Apple’s endeavor to become a leader in the smart home segment.
Q: Are they gonna compete with companies like Ring? Or are they just gonna build the system? If the former, seems like it would be a few too many product lines to cover with low margins – automated lighting, temperature sensors, smart doorbell, etc. If latter, is the market big enough for Apple’s size to become the next big thing? How is it different from doing it via iPhone?
• Trump to Nominate Fox News Host Pete Hegseth to Lead Pentagon
Secretary of Defense is the head of the US Department of Defense, who is second in line to the President in the control of the military. Usually the position is filled by high-ranking military leaders or corporate executives.
• The Wealthy Will Shield Asian Banks From Trump Tariffs
Banks will lose from reduced cross-country trade, but win by serving Asian riches
My Take: It’s not a very clear article.
• China Taps Global Bankers for Feedback to Lift Market Confidence
Recently Chinese regulators were tentative to the flows of foreign investment, and economic outlooks from global banks, as September optimism from stimulus efforts waned quickly.
• Activist’s Stake and Revamp Push Nissan Into New Era of Turmoil
Effissimo Capital, a Singaporean hedge fund, takes stake in Nissan. Nissan stalled compared to Toyota and Honda due to lack of hybrids, and their main strategy – the EVs – are lagging behind Tesla and China.
• Pictet Scours Globe for Assets Safe From Trump’s Policy Agenda
The Swiss-based asset management firm with an AUM of $288 eyes Turkey, Argentina and India.
• CEO of Saudi Arabia’s Futuristic City Project Leaves Abruptly
Neom project is met with delays and cost overruns. Officials say they don’t have the money to finance the project.
