Dexter Tiff Roberts, a renowned expert on US-China relations, shares insights on the implications of recent trade dynamics between the two superpowers, focusing on rare earth exports. Wendy Barnes, CEO of GoodRx, discusses the evolving landscape of pharmacies and the importance of independent pharmacies amidst healthcare policy changes. They dive into the military's deployment of 700 Marines in Los Angeles as protests escalate, examining local responses and the potential ripple effects across the nation. Their combined perspectives highlight the intersection of politics, economics, and public health.
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insights INSIGHT
Marines Escalate LA Protest Response
The deployment of 700 active duty Marines to Los Angeles escalates federal response to protests.
Local officials fear such a show of force may increase tensions rather than quell unrest.
insights INSIGHT
Peaceful Protests Amid Tension Risks
LA protests are largely peaceful and isolated despite some violent incidents.
Officials warn that heavy military presence could worsen tensions instead of calming the situation.
insights INSIGHT
Immigration Raids Spark Protests
Protests stem from immigration raids and widespread anger over ICE enforcement in LA.
The LA school district refuses to cooperate with ICE to protect students and parents' privacy.
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In 'The Myth of Capitalism', Jonathan Tepper and Denise Hearn explore how the U.S. economy has shifted from a competitive marketplace to one dominated by a few powerful companies. They argue that this concentration of power stifles innovation, reduces wages, and exacerbates inequality. The authors propose vigorous anti-trust enforcement as a solution to restore competition and promote economic growth.
The Trump administration is sending about 700 active duty Marines to reinforce the National Guard in response to protests in Los Angeles, a person familiar with the matter said, continuing an escalation that California officials have called unwarranted.
A Defense Department official said the Marines, based at the Marine Corps Air Ground Combat Center in Twentynine Palms, California, were on the move after getting notice over the weekend. CNN reported the plans earlier Monday.
Sending active-duty Marines marks an escalation in force from President Donald Trump in response to the protests. California Governor Gavin Newsom had earlier criticized Defense Secretary Pete Hegseth for saying Marines could be deployed, calling the threat “deranged behavior.”
US law generally bars the use of the active-duty U.S. military — the Army, Navy, Air Force and Marines — from carrying out domestic law enforcement. The law doesn’t apply to state-controlled National Guard forces. On Sunday, Trump signed an order directing the US Northern Command to assume control of the National Guard and dispatch at least 2,000 soldiers to the area.
Today's show features:
Bloomberg News National Team Managing Editor Sarah McGregor on rising social unrest in Los Angeles
Dexter Tiff Roberts, Professor of Chinese Politics and Modern Chinese History at the University of Montana on US-China relations and the Chinese position on trade
Bloomberg Managing Editor for Global Consumer Tech Mark Gurman on his takeaways from the start of Apple’s Worldwide Developers Conference
Wendy Barnes, President and CEO of GoodRx on headwinds facing the healthcare and pharmaceuticals industries
Bloomberg Businessweek 