On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss another record week on Wall Street as Federal Reserve Chairman Jerome Powell says an interest rate cut might be needed as the jobs market slows in the wake of the Trump administration’s economic policies; President Trump continues his battle against the Fed demanding that governor Lisa Cook resign, driving the dollar down and gold up; Canada’s drops 25 percent reciprocal tariffs on US goods to curry favor with Washington that continues to impose high trades taxes on its northern neighbor; the EU signs a tariff deal with Washington as former European Central Bank President Mario Draghi argues the capitulation marks the end of the EU’s vision of itself as a global power; Switzerland’s decision to reconsider its acquisition of F-35 Lightning II fighter aircraft in the wake of 39 percent US tariffs; the Congressional Budget Office’s conclusion that higher trade taxes could cut the national debt by $4 trillion over the coming decade; the administration’s 10 percent ownership stake in Intel and a cut of profits from Nvidia’s AI chip sales to China; the Pentagon’s decision to revamp how it creates requirements and oversees programs to accelerate the fielding of needed joint force capabilities even as some worry this might vest the ability to create requirements with industry; Britain’s air defense missile order from MBDA; striking Boeing St Louis machinists remain decision to resume negotiations on Monday.
