Bloomberg Daybreak: US Edition Trump Unleashes Turmoil in Copper Markets; Search for Missing in Texas Continues
Jul 9, 2025
John Tucker, Bloomberg's correspondent, discusses the chaos in the copper markets triggered by President Trump’s proposed 50% tariff on imports, leading to unprecedented price fluctuations. He also highlights the devastating impact of flooding in Texas, with over 160 individuals unaccounted for. Additionally, Tucker sheds light on the significant retirement of Jeff Williams, Apple's COO, amid ongoing changes at the company. These topics underline the intersection of politics, market volatility, and corporate shifts.
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Trump's Tariff Plan Impact
- President Trump plans a 50% tariff on copper imports and up to 200% on pharmaceuticals failing to relocate to the U.S.
- These tariffs could cause major supply chain disruptions and early inflation signals in key industries.
Texas Flood Search Update
- Texas flood disaster search efforts continue with multi-agency resources like helicopters and canine units.
- The death toll is 109 with 161 still missing, emphasizing the disaster's severity.
Apple COO Retirement
- Apple's COO Jeff Williams, once seen as a CEO successor, is retiring.
- His departure marks a leadership change amid other recent executive exits at Apple.