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Trump's Fed Pick: Lower Rates, Less Independence
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President Trump announces plans for a new Federal Reserve chair, favoring lower interest rates. Finalists include Kevin Hassett, Kevin Warsh, and Chris Waller, all supporting lower rates. However, none advocate for the drastic cuts Trump suggests. The Feds rate influence on mortgage rates is limited, with longer-term rates like the ten-year Treasury note yield playing a more significant role. Mortgage rates have remained stable around 6.3-6.4% since Labor Day. Trump hints at favoring either Warsh or Hassett, suggesting the next chair should consult with him on setting interest rates, a departure from typical Fed independence.
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China's Newest Carrier Sails Through Taiwan Strait
02:01|Chinas newest aircraft carrier, the CNS Fujian, recently sailed through the Taiwan Strait, marking its first known trip since entering service. This high-profile move showcases Beijings growing naval strength and highlights ongoing tensions in the waterway separating China from Taiwan. The carriers destination remains uncertain, with possibilities including maintenance in Shanghai, further training, or a training area for carrier operations. The Fujian, Chinas most capable carrier, features advanced electromagnetic catapults, closing the technology gap with the U.S. However, it is conventionally powered, requiring regular refueling.
Miami Talks: US, Russia Meet on Ukraine Conflict
01:47|This weekend, high-level U.S. and Russian officials will meet in Miami to discuss ending the conflict between Kyiv and Moscow. The U.S. will update Russia on recent talks, despite Russias unchanged demands. The negotiations, led by Kirill Dmitriev, Steve Witkoff, and Jared Kushner, aim to bridge gaps on security assurances, territorial agreements, and more. Meanwhile, Putin reaffirmed Russias use of force and criticized EU leaders. The U.S. is considering security commitments for Ukraine, while Ukraine has eased its NATO membership push. European leaders are focusing on creating security guarantees for Kyiv.
Harvard Investigates Students Over Epstein-Summers Videos
01:40|Harvard University investigates two students for recording and leaking a lecture by former president Larry Summers, who discussed his ties to convicted sex offender Jeffrey Epstein. The students, Rosie Couture and Lola DeAscentiis, claimed credit for Summers decision to step away from teaching. The investigation may result in penalties ranging from a warning to expulsion, highlighting ongoing scrutiny of Epsteins academic connections.
Trump: Economy 'Bringing Back from Ruin'
02:02|Former President Donald Trump, in a recent address, asserted that his administration is reversing economic devastation inherited from the previous administration. He blamed Democrats for inflation and rising costs, highlighting the Republican Partys tax legislation as a solution. Despite Republican concerns, Trump remains confident, emphasizing his administrations progress and promising a stronger, more affordable America.
Protesters Arrested at San Francisco Immigration Courthouse
01:50|Federal agents arrested forty-four protesters after they chained themselves to San Franciscos immigration courthouse, blocking access to the building. The demonstration, led by religious leaders, aimed to disrupt immigration hearings and advocate for human rights. However, the Department of Homeland Security labeled the protesters as rioters and canceled immigration court appointments. The incident sparked controversy over the use of city resources and the peacefulness of the demonstration.
Trump's 'Warrior Dividend': $1,776 Bonus for Military
01:24|President Trump unveils Warrior Dividend - a $1,776 bonus for every US service member, honoring Americas founding year. The funds, generated from tariffs, will reach approximately 1.45 million recipients before Christmas, showcasing the administrations support for the armed forces.
Senators Block Coast Guard Nominee Over Harassment Policy
01:43|Two U.S. Senators block Coast Guard nominee over controversial policy: Democrats Tammy Duckworth and Jacky Rosen put a hold on Admiral Kevin Lundays nomination due to a Coast Guard policy that downplayed swastikas and nooses as potentially divisive symbols, contradicting Lundays earlier directive.
Magaziner's Petition Seeks Stock Trading Ban for Congress
01:50|Congressman Seth Magaziner introduces a special petition to ban stock trading by Congress, Vice President, President, and their families. Backed by Democratic leadership and potentially Republicans, the bill aims to address concerns about conflicts of interest. Meanwhile, Republican Congresswoman Anna Paulina Luna files a similar petition, gaining bipartisan support.