Bloomberg Daybreak: US Edition US Eyes China Tariff Cut; Trump's Plan to Tax Millionaires
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May 9, 2025 Bill Ferries, a senior editor at Bloomberg News, discusses critical U.S.-China trade negotiations aimed at easing economic tensions. He reveals how the Trump administration is considering significant tariff cuts to alleviate growing pain for both nations. Additionally, Ferries provides insights into President Trump's proposal to raise taxes on millionaires to fund his economic agenda. The conversation explores the intricate relationship between trade policies and global dynamics, including implications for businesses and international relations.
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Boeing Wins Big UK Order
- Boeing received an order from IAG for 32 aircraft with options for 10 more.
- This order boosts Boeing's confidence amid global tariff challenges.
First American Pope Elected
- Robert Francis Prevost becomes the first U.S. pope, aiming to bridge divides in the Catholic Church.
- His leadership may bring a mix of moderation and challenge within the Church.
Kashmir Violence Escalates
- India and Pakistan continue escalating violence in Kashmir, resulting in civilian deaths.
- Both sides blame each other, raising regional tensions significantly.