Bloomberg Daybreak: US Edition Musk 'Disappointed' in Trump Tax Bill; Nvidia Earnings On Tap
May 28, 2025
John Tucker, a Bloomberg Radio correspondent with expertise in financial markets, shares intriguing insights. Elon Musk voices his disappointment over Trump’s tax bill, believing it undermines efforts to control government spending. SpaceX faces setbacks as its Starship rocket encounters issues during testing. Meanwhile, Nvidia’s earnings report is generating buzz, with investors keen on how AI demands influence their performance amidst market volatility. Tucker also discusses broader economic implications and trade policies affecting business confidence.
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Musk Dislikes Deficit-Expanding Tax Bill
- Elon Musk is disappointed with the Trump administration's tax bill for increasing the budget deficit.
- He doubts a bill can be both big in scale and beautiful in fiscal responsibility.
Starship Test Flight Failure
- SpaceX's Starship rocket test flight failed due to a leak and loss of attitude control.
- Despite the explosion, SpaceX emphasizes learning from every test flight to improve future efforts.
Tighter Visa Control on Students
- The Trump administration is increasing scrutiny on international students' visa applications.
- There is a focus on preventing potential national security risks by reviewing social media and restricting student visa interviews.