Jordan Erb

New York

Newsletter Editor at Bloomberg News

i do newsletters @business

Featured in: Favicon

businessinsider.com (+1) Favicon

insider.com Favicon

msn.com

yahoo.com (+13) Favicon

usnews.com Favicon

flipboard.com Favicon

businessinsider.de Favicon

bostonglobe.com Favicon

washingtontimes.com Favicon

businessinsider.com.au + 54 more

Articles

Newsom Warns Trump May Use Soldiers on Immigration Raids

2 weeks ago | bloomberg.com | Jordan Erb |David E. Rovella

Gavin Newsom is warning that Donald Trump’s use of troops where state and local officials don’t want them is actually a test, one the Republican president may seek to replicate across other American towns and cities as part of his mass deportation effort.
Musk-Trump Breakup Leaves GOP in the Middle: Evening Briefing Americas

3 weeks ago | bloomberg.com | Jordan Erb

With Donald Trump in charge of the base and Elon Musk in charge of the money, the growing daylight between them had already put Republicans in a bit of a pickle. The president’s one-time right-hand man spent the past week attacking the GOP’s tax-cut bill just as Trump was pushing for its passage. Party members counting on the blessings of both men didn’t know which way to turn. On Thursday, the conundrum got much worse.
Global Economy Sputters as Trump Inks New Tariff

3 weeks ago | bloomberg.com | Jordan Erb

Despite promised blowback from Europe, Donald Trump formally raised steel and aluminum tariffs to 50% from 25% on Tuesday. The move by the president raises trade tensions at a time when the US is locked in negotiations with numerous trading partners over his so-called “reciprocal” duties before a July 9 deadline. While those tariffs have been deemed by US courts to likely be illegal, they remain in place as litigation over them proceeds. The steel levies aren’t implicated by the rulings.
US Courts Catch Up With Trump’s Trade War

4 weeks ago | bloomberg.com | Jordan Erb

The past four months have proven that some branches of the US government move faster than others. While President Donald Trump sprayed the world with repeated barrages of tariffs, litigation challenging his ability to do so quietly advanced in the background. Last night, the first ruling came down, and it immediately upended the signature effort of the 78-year-old Republican’s second term.
US Consumer Confidence Jumps After US-China Trade Truce

1 month ago | bloomberg.com | Jordan Erb

US consumer confidence rebounded sharply in May from an almost five-year low as perceptions of the economy and labor market improved as the Trump administration backed down from more extreme tariffs and tariff threats. The Conference Board’s gauge of confidence increased by 12.3 points to 98, marking the biggest monthly gain in four years. The figure exceeded all estimates in a Bloomberg survey of economists.
Bond Market Shudders as GOP Bill Passes House

1 month ago | bloomberg.com | Jordan Erb

US President Donald Trump’s signature tax bill passed the 435-member House of Representatives on Thursday morning by one vote. The sprawling, multitrillion-dollar package proposed by Republicans, which would (among many other things) slash funding for safety net programs in favor of extending tax cuts, is projected to add trillions of dollars to America’s almost $37 trillion national debt. The bill now heads to the Senate, which like the House is also narrowly controlled by the GOP.
Elon Musk Threatens to Dial Back Political Donations

1 month ago | bloomberg.com | Jordan Erb

Elon Musk, who funneled much of almost $300 million in recent political donations to Donald Trump’s re-election effort, said on Tuesday he would significantly pull back from political spending. “I’m going to do a lot less in the future,” Musk said during an interview at the Qatar Economic Forum in Doha. “I think I’ve done enough.”However, in the same discussion with Bloomberg’s Mishal Husain, Musk left open the possibility that his money could flow again.
Trump Dumps Waltz as National Security Advisor: Evening Briefing

1 month 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

1 month 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 months 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.