Good morning, I came back from the Aspen Ideas Festival, where I had the opportunity to talk to many leaders who inspire ideas about how they are around this weather. I will share some of that understanding later this week. For today, I want to show the conversation I had with Economist Nouriel Roubini, Carlyle group Co -founder and co -chair David Rubenstein and Arjun Sethi, CEO of Crystal Exchange Kraken. Topic: Is it? What wealth will be seen tomorrow.
Roubini (known as Dr. DOOM for predicting the financial crisis), has recently been Dr. The Boom in his opinion that the technological Renaissance runs by the American economy will eventually result in 8%of the growth of GDP. “I am a contractor,” he said, noting that technological drivers of inventions working in American justice can also create a job loss that may require basic income.
Rubenstein spoke about the country's huge debt and the power of the dollar, while he was strong in the European Defense sector and the long -term economy. “In the future, we will not weigh the wealth of the people.” Instead, he said, wealth would be measured by the height and health of one's life. “In 10 or 20 years, we'll tell you how long you can live,” he said.
Sethi spoke about the democracy of capital and business through crypto and the ongoing challenge of regulations in the construction of goods and doing things. “If you went to China and built a robot, it would take less than six months. When it could take two years in America,” said Sethi, who has a number of seconds in the day painted on his hand. “I play our lawyers than anyone else.” You can watch our full conversation here.
More information below.
Contact the daily CEO of Diane Brady at diane.brady@fortune.com
Top information
10 days to go until tariffs start again
Agreements with several countries are It is expected to be a place Before the deadline of July 9. But most of them are skeletal contracts that will require future dialogue. America will send countries that have not reached the letter plan to tell what American terms are. Trump said tax rates will be 25% or more.
Canada ends digital duty following Trump's threat
The 3% sales tariffs were targeting American technology companies. Trump was Discussion Eradized by Canada On Friday and Sunday they said they would not start again “until then when they dropped the tariff, yes,” he said at Fox News. “People don't realize, Canada is too bad to handle.”
Tax cuts and tariffs
Senate President Donald Trump's plan for tax breaks and the use of cuts over the weekend, with Trump pushing for lawmakers to end the bill by July 4. In other last news, Trump said He would like to send a letter to the country about their tax rates rather than expand the pause on July 9.
Trump's good bill can raise $ 2.8 trillion in debt
That is According to new estimates and DRM Budget Office. The White House claims it will reduce the deficit.
Trump is renewing his attack on Powell
President Again to be insulted Chairman of the United States Federal Conservation Chairman for setting interest rates at 4.25 percent. Calling Jerome Powell “stupid man” and “bad guy” on Fox News on Sunday, Trump said, “we should be 1% or 2%.”
$ 1 billion in Nvidia's domestic sales
Over the past 12 months, the top executives on the chipmaker They have sold Hundreds of millions in earlier stock sales, ft report. $ 500 million in sales was made this month alone. CEO Jensen Huang sold stock last week for the first time since September.
Happy Happy Birthday, Elon
Tesla y model self -driving itself From the factory in Austin to its new owner, who was waiting 30 minutes away. This presentation of “complete freedom,” as Tesla CEO Elon Musk participated, was the first to the car company -and the first step was the early birth gift of Musk, who turned 54 on Saturday.
Mamdani's position on billionaires
In an interview with NBC, New York City Mayor Zohran Mamdinani candidate Shared That he is an anti-billion, as “is a lot of money in such a time of equality.” Mamdani, a democratic brother who described himself, went on to say: “I expect to work with everyone, with billionaires, to make a city that is equal to all.”
Marketing
- S&P 500 futures Rose 0.37% this morning, premarket. S&P 500 It closed 0.52% on Friday, hitting a new top record (6,173). P and Europe Marketing was flat in early business. Japan Nikkei 225 It was about 0.84%. Main China The index were up this morning, as it was South KoreaBut Hong Kong and India They were down.
From analysts
- Ubs on us financial stability: “The American Senate is trying to approve the budget. Marketing expects this will put the American financial position on an endless path (a deficit view generally stays on heroic ideas about economic growth and tax revenue).
- Goldman Sachs on World Marketing: “The foundation of American inflation has been lower than expected; the uncertain stages of trade have diminished more; weaknesses in the long end of world securities markets have been achieved so far; and the tax impact on growth and epilepsy has not yet confirmed the worst fears,” for Kamkshya Trivesi and Dominic Wilson.
- Pantheon macroeconomics on consumer use: “The American Senate is trying to approve the budget. Marketing expects this will put the American financial position on an endless path (a deficit view generally stays on heroic ideas on economic growth and tax revenue). All, at all times the American debt.
Around the water
Investors donated American securities in Q2, but long -term treasures could get relief soon And Greg McCenna
Ford's CEO Jim Farley says Waymo's way of self -driving is more understandable than Tesla's By Jessica Mathews
Victoria's secret hired the CEO of Superstar to turn the shine. But a 50% stock drop there are investors of surrounding activists and lila maclellan
'Twilight' Superfans bought Bella Swan's house for $ 360,000 – now they get $ 140,000 a year in total revenue to lease the final tax By Emma Burleigh
This CEO of Gen X has only worked in the same company for 35 years-he says work-hopping gen z is not put enough energy and time on their current gigs to Preston ahead
The daily CEO is created and edited and I have Angemian and Jim Edward.