Jordan Erb

New York

Newsletter Editor at Bloomberg News

journalist covering travel, lifestyle, and more for @businessinsider / @thisisinsider

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Articles

Trump Dumps Waltz as National Security Advisor: Evening Briefing

1 week ago | bloomberg.com | Jordan Erb

US National Security Advisor Michael Waltz is leaving his post, a stunning fall for one of President Donald Trump’s top aides and the first casualty from an unprecedented breach of military secrecy and security by the young administration. It also marks the first high-profile departure of Trump’s second term (he cycled through four national security advisors in his first term).
US Consumer Confidence Keeps Falling on Trump’s Trade War

2 weeks ago | bloomberg.com | Jordan Erb

As President Donald Trump notches the first 100 days of his second presidency, the general assessment on Tuesday of the 78-year-old Republican’s performance for consumers, companies, the economy and workers was less than celebratory. US consumer confidence fell to an almost five-year low in April on growing pessimism about prospects for the economy and labor market under Trump.
Fed Musings on Rates Spur Market Jump: Evening Briefing Americas

2 weeks ago | bloomberg.com | Jordan Erb

With fear of a self-induced US recession gripping Wall Street, any news is good news these days. So it can’t be too surprising that stocks spiked in frenzied trading Thursday after a few Federal Reserve officials publicly mused about possibly cutting interest rates in the near future. Federal Reserve Bank of Cleveland President Beth Hammack told CNBC the central bank could move as early as June if it has clear evidence of the economy’s direction.
Grim Tidings for US Investors and the World

3 weeks ago | bloomberg.com | Jordan Erb

The rotation by investors out of American assets will go on for years if President Donald Trump persists with his global trade war. This is the warning from a strategist who timed the unwind of so-called exceptionalism almost perfectly. Societe Generale’s head of asset allocation Alain Bokobza was a US asset bull for a year up until September 2024, when he warned of cracks in the foundation. He reiterated his call in February, warning investors to slash exposure to US stocks and the dollar.
European Union Isn’t Optimistic About US Trade War Ending Soon

4 weeks ago | bloomberg.com | Jordan Erb

The European Union and the US made little progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed. The EU’s trade chief, Maros Sefcovic, is said to have left Monday’s meeting in Washington with little clarity on the American stance.
Stocks Resume Their Decline on Trade War Fear: Evening Briefing Americas

1 month ago | bloomberg.com | Jordan Erb

Investor angst over Donald Trump’s tariffs enveloped every corner of Wall Street as US-China trade tensions escalated again Thursday, sparking a new slide in stocks, bonds, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system. A day after dip buyers flocked to markets in the wake of the president’s partial retreat, assets tied to the economic cycle sank again, with Trump’s attempt at mollifying Wall Street providing little relief.
Stocks Continue Their Dive as Tariff War Escalates

1 month ago | bloomberg.com | Jordan Erb

With the Nasdaq 100 already in a bear market, soon it may be the S&P 500’s turn. Wild swings lashed Wall Street for a fourth straight session as back-and-forth trade threats between the US and China knocked stocks even lower, erasing an early rally after three days of tariff-induced carnage. The S&P 500 fell almost 1.6%, leaving it on the border of bear country.
US Consumers Are Panicking Over Reignited Inflation

1 month ago | bloomberg.com | David E. Rovella |Jordan Erb

The Trump administration’s continuing barrage of tariff threats, as well as the Republican president’s looming deadline for automakers next week, sent investors running for the exits again on Friday.With just one session left until the end of a quarter that’s set to be the worst for the S&P 500 since 2022, the gauge slid another 2%.
US Consumer Sentiment Takes Another Dive

1 month ago | bloomberg.com | Jordan Erb

US consumer confidence hit the lowest level in four years as higher prices and President Donald Trump’s escalating tariff war stoke concerns among everyday Americans about the future of the economy—and re-emerging inflation. The Conference Board’s gauge of confidence decreased 7.2 points to 92.9 while the median estimate in a Bloomberg survey of economists called for a reading of 94.
John Roberts Joins Fray as Trump Intensifies Attacks on US Courts

1 month ago | bloomberg.com | Jordan Erb

US Chief Justice John Roberts broke his silence on Donald Trump’s intensifying attacks upon America’s third branch of government as his administration inched closer to triggering a constitutional crisis. The last straw for Roberts, a Republican-appointee who in 2024 helped broadly expand presidential immunity, apparently was the 78-year-old president’s invective-filled call for the impeachment of a veteran federal judge hearing a challenge to forced deportations under the Alien Enemies Act.