Bloomberg Daybreak: US Edition Trump to Name New Fed Governor; Boeing Workers Strike
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Aug 4, 2025 President Trump is set to announce new key appointments at the Federal Reserve, potentially influencing his economic agenda. Meanwhile, Boeing workers have initiated a significant strike for the first time in decades, sparking labor tensions over contract negotiations. On the trade front, there’s cautious optimism regarding U.S.-China discussions on rare earth flows, which could strengthen economic ties. These developments paint a picture of a shifting landscape in both the job market and international relations.
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Trump's Fed and Jobs Data Moves
- President Trump plans to appoint a new Federal Reserve governor and jobs data statistician soon.
- This move aims to influence the US economic agenda amid concerns about global growth and labor market data revisions.
Rare Boeing Defense Strike
- Boeing defense workers in St. Louis are striking for the first time in nearly 30 years.
- The strike involves 3,200 machinists who rejected Boeing's contract offer including a 20% wage raise.
US-China Rare Earths Trade Talks
- The U.S. and China are cautiously optimistic on rare earth discussions after recent trade talks.
- The flow of magnets from China is about halfway to being restored to pre-control levels.