US President Donald Trump’s signature tax bill narrowly passed the House and is now heading to the Senate, where groups of Republicans are pressing for extensive change. Lawmakers plan to vote on approval by August. The bill includes a $4 trillion increase in the US debt ceiling, which the Treasury Department forecasts could otherwise force a default as soon as August or September, adding urgency to the timeline. Long-end treasury yields continue to rise.
Overnight, the Trump administration blocked Harvard University from enrolling international students, saying the oldest American college "has created an unsafe campus environment by permitting anti-American, pro-terrorist agitators to harass and physically assault individuals, including many Jewish students, and otherwise obstruct its once-venerable learning environment."
Chapters:
00:00:00 – The Opening Trade
00:01:40 – The agenda
00:08:59 – Harvard says Trump move ‘unlawful’
00:11:30 – Apple said planning smart glasses for 2026
00:12:05 – OnlyFans owner in talks to sell platform at $8 billion valuation: Report
00:12:20 – SCOTUS shielded Fed
00:16:14 – Will a wide deficit prevent a slowdown?
00:17:23 – Bettina Mazzocchi, BlackRock
00:26:37 – Ella Hoxha, Newton
00:36:50 – OpenAI secures UAE data center deal
00:39:37 – Markets in 3 minutes
00:43:06 – Stocks to watch
00:48:07 – Friday European open
00:51:12 – Christian Mueller-Glissmann, Goldman Sachs
01:01:44 – Early European movers
01:05:26 – Conni Jonsson, EQT Chairman
01:13:02 – Qatar Economic Forum guests on Trump’s tariffs
01:14:42 – Vivek Ramachandran, HSBC
01:26:46 – US bans foreign students at Harvard
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts