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US economy retreats in first #GDP report of Trump’s second term Crossmark Global’s Chief Market Strategist Victoria Fernandez and KPMG’s Senior Economist ⁦Ken Kim⁩ go through the numbers on #BBC NYSE Opening Bell youtu.be/Aw8K3B73GBA

As expected, the Fed holds steady. The unanimous decision leaves interest rates at 4.25-4.5%. The Fed is waiting to see how President Trump’s tariffs will raise inflation and slow growth before they lower rates. More on the Fed in this week's BBC World of Business newsletter

The #FederalReserve left its key interest rate unchanged as it worries about the increased risk of staglfation. Waiting to see what more Jerome Powell says about this during his press conference.

Powell's comment that politicians don't need the Fed's advice on fiscal policy just as the Fed doesn't need their input on monetary policy gets a laugh from the room.

Some more details on that US / UK economic deal: -'Fast track’ US goods through customs - Increase market access for US beef and ethanol - UK farmers get tariff free quota for 13,000 metric tonnes -US steel tariffs reduced to zero -US auto tariffs cut from 27.5% to 10%

US/UK deal highlights that big trade deals are hard to do While the UK secured tariff relief for steel & cars, Trump's baseline 10% tariffs remain in place Also notable, more contentious issues such as the digital services tax weren't mentioned

There's a new pope - white smoke emerges above the Sistine Chapel Follow live as we wait to find out who has been chosen bbc.in/3H0yHDK

🚨CHART UPDATE🚨 On average... US tariffs on China are now 51.1% China tariffs on the US are now 32.6% US tariffs on rest of the world are 11.7% China tariffs on rest of the world are 6.5%

20-YEAR YIELD JUST SPIKED TO 5.1%, BRINGING THE MARKET DOWN FAST The U.S. just had a rough 20-year Treasury bond auction. Demand was so weak, pushing the yield up to 5.1% Rising yields like this signal higher borrowing costs and renewed concerns about gov. debt and inflation

Trump slams 'Taco' acronym given to tariff flip-flops bbc.in/3ZGJHwD

🇺🇸🇨🇳#USChina - deal done? Bert Hofman（郝福满） Michelle Fleury 🇮🇳 Start-up’s worst nightmare - revenge hack! Deepak Ravindran 🏴‍☠️ 🇬🇭Why are nurses on strike in Ghana Thomas Naadi #worldbusinessreport #BBC Lexy O'Connor Stephen Ryan | Stiofan O Riain 🇮🇪 & Luke All here ⬇️ bbc.co.uk/sounds/play/w3…

A new era

I had a great discussion on #oil prices in an interview with Michelle Fleury on BBC News (World). Tensions in the Middle East have triggered a price spike but non-OPEC oil is keeping a bit of a lid on things. Unless #Iran's #energy assets are hit by Israel, prices will slide back #OOTT #WTI

The big picture on jobs: The labor market is frozen unless you work in healthcare or education. 1) Unemployment is low (4.1%). 2) But the labor force is also shrinking as people retire or stop looking for work. 3) The Fed isn't going to panic about any of this. The job market

Lots of chatter about the EU and US being close to a tariff deal. Can both sides iron out the details to get across the finish line?

BREAKING: Donald Trump just imposed 50% tariffs on all imports from Brazil… Not because of trade deficits but because they’re prosecuting scandal plagued former president Jair Bolsonaro ⤵️

AI is booming — and so is its water use. With Nvidia at $4T, data centres are growing fast. Can we cool them without draining vital resources? Inside America’s new data hotspot: Georgia 👇🏻 W/ ⁦Nathalie Jimenez⁩ bbc.com/news/articles/…

Trump says EU and Mexico to face 30% tariffs starting next month bbc.com/news/articles/…

Coming up shortly on ‘Business Today’ on BBC News (World)

China’s homegrown toy phenom Labubu 🔥 is riding a wave of clout, collectors, and chaos. And it’s just getting started 🇨🇳🧸 Read more👇bbc.com/news/articles/…