Economy
Big banks say economy is 'resilient', Americans feel otherwise
The government shutdown still has Americans in the dark about a lot of key economic data but some of the nation's biggest banks say the U.S. economy remains generally resilient. However, the majority of Americans feel the economy is getting worse, according to a poll from The Economist/You Gov. CNBC Senior Analyst and Commentator Ron Insana joins Katy Tur to share his analysis.
New analysis shows American businesses and consumers are paying for Trump's tariffs
Goldman Sachs is reporting that Americans are the ones bearing a majority of the cost of President Trump's tariffs. Also, joblessness for Black workers is rising again just two years after hitting a record low. CNBC Global Supply Chain Reporter Lori Ann LaRocco and Bloomberg News Anchor and Correspondent David Gura join Katy Tur to break down the economic impact.
Trump's new tariffs on imported lumber, furniture go into effect today
President Trump's new tariffs on imported lumber and furniture are going into effect today. A new report from Goldman Sachs finds that U.S. consumers are bearing more than half the cost from the tariffs so far. Director of Economics at the Budget Lab at Yale University Ernie Tedeschi joins Erielle Reshef to break down the impact on Americans.
Is ‘TrumpRx’ a gift or a grift?
As part of a multi-pronged deal with Pfizer, President Trump announced a new government website called “TrumpRx,” where he says Americans can buy discounted drugs directly from manufacturers. Co-Founder of The Contrarian, Norm Eisen, tells Ali Velshi that Americans are “already getting lower prices” because of the Affordable Care Act, and TrumpRx is “another example of President Trump deceiving and distracting” for political gain.
New Poll: More than half of Americans say Trump’s policies have hurt the economy
A new Pew Research Center poll finds 53% of Americans believe President Trump’s economic policies have had a negative effect. Axios senior economics reporter Courtenay Brown joins Alex Witt to discuss the poll’s results and the impact the government shutdown could have on the U.S. economy if it continues.