The Hive's Kristen Scholer and Jon Kelly discuss the recent happenings in the White House. From Gary Cohn to Sam Numberg, President Trump seems to be losing many of his allies.
Vanity Fair's Bess Levin talks about how Gary Cohn's departure worries many who were under him at The White House as they are now facing the President alone. As far as what Cohn will do next, Levin's heard he will not be going back to Goldman Sachs, but could potentially open his own firm.
Plus, Sam Nunberg has been making the media rounds this week. Vanity Fair's T.A. Frank says if we learned anything from the Russia investigation is that if Mueller failed to find anything it won't be for lack of finding people to talk to. Frank believes this investigation is close to winding down.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
