Trump Says CNN Should Be Sold as Part of Any Megadeal

Former President Donald Trump criticized the Federal Reserve's recent decision to implement its third consecutive interest rate cut, labeling it as 'too small' and expressing a desire for a more substantial reduction. This move has sparked significant dissent within the Fed, with three officials opposing the decision, marking the highest level of dissent in six years.

China, along with several European nations, has raised objections to a proposed exemption for US multinationals from the OECD's global minimum tax framework, effectively stalling the agreement. This move highlights the tensions surrounding international tax policies and the influence of major economies in shaping these regulations.

The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, responding to persistent inflation and slowing job growth amid a lack of government data due to a shutdown. This marks a significant monetary policy shift as the Fed navigates economic uncertainties.

Former President Donald Trump has introduced a new immigration initiative, offering $1 million 'gold card' visas to individuals who can demonstrate a substantial benefit to the United States. This program aims to attract skilled immigrants who can contribute positively to the economy and society.

Stephen Moore, a former economic advisor to President Trump, discussed the Federal Reserve's recent decision to cut interest rates and the implications for the U.S. economy during an appearance on Bloomberg Businessweek Daily. He criticized the significant spending bill passed at the end of Trump's first term, labeling it a mistake, while also speculating on potential candidates for the next Fed Chair.

The Federal Reserve has indicated that it may not fulfill former President Trump's request for interest rate cuts, while simultaneously projecting a positive outlook for the economy in 2026. This comes as the Fed prepares for its final meeting of the year amidst ongoing economic uncertainty and inflation concerns.

The DealBook Summit highlighted the increasing influence of the White House on business operations during the Trump era, with discussions focusing on the intersection of politics and economic strategies. Key figures, including California Governor Gavin Newsom, expressed concerns about the implications of this relationship for market dynamics and regulatory practices.

BlackRock CEO Larry Fink has re-entered discussions regarding the reconstruction of Ukraine, collaborating with the Trump administration to explore financial strategies for rebuilding efforts. This marks a significant involvement of a major financial institution in a geopolitical crisis.