Bloomberg Daybreak: US Edition White House Text Breach Fallout, New Tariffs Teased On today's podcast:
Mar 25, 2025
A serious breach of security has raised alarms as sensitive military plans were shared in a text group involving top U.S. officials. As the administration grapples with this incident, President Trump hints at new tariffs on auto imports, indicating some nations might receive exemptions. Meanwhile, the Federal Reserve's outlook on interest rates shifts, suggesting only one rate cut may be forthcoming. The podcast dives into the implications of these developments on national security and the economy, alongside ongoing discussions about civil rights and market competition.
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Episode notes
Accidental Inclusion in Text Thread
- Jeffrey Goldberg, editor-in-chief of The Atlantic, was inadvertently added to a high-level text thread.
- The thread discussed plans to bomb Houthi targets in Yemen, revealing operational details and internal power dynamics.
Republicans in a Bind
- Congressional Republicans face a dilemma due to the security breach.
- They haven't shown a desire to challenge the White House, but Democrats demand consequences.
Rate Cut Prediction
- Atlanta Fed President Rafael Bostic predicts only one rate cut this year.
- Tariffs are hindering progress on disinflation, affecting the Fed's approach.