Today, reaction to President Trump’s tariff threats on Canadian goods. Bloomberg’s Tariff Tsar Brendan Murray talks the obscure 1930 law Trump is invoking, and the legal fight the Administration likely faces ahead. Then, Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch has the latest on growing international concerns from US allies about the global costs of the war with Iran and conflict in the Strait of Hormuz. Plus, Charles Schwab CEO Rick Wurster sits down with Carol Massar and Tim Stenovec after the company reported better than expected Q2 earnings, including a new record for daily average revenue trades. Finally, Cytokinetics President & CEO Robert Blum talks America’s declining investment in biotech, as China and other nations expand focus.
Chapters:
00:00:00 – Businessweek Daily Begins
00:02:30 – Business Flash
00:04:35 – Bloomberg News’ Brendan Murray on Trump Vowing 50% Tariffs on Canadian Goods
00:12:29 – Bloomberg News’ Jennifer Welch on US-Iran Strikes Extending to 10th Day
00:19:03 – Business Flash
00:20:47 – Rick Wurster, Charles Schwab CEO
00:32:37 – Business Flash
00:34:36 – Robert Blum, Cytokinetics CEO
00:42:50 – Bloomberg News’ Norah Mulinda
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