Kamala Harris broadcasts she will not run for California governor
Lauren Gambino
Kamala Harris, the previous vice-president and 2024 Democratic presidential nominee, introduced on Wednesday that she won’t run for governor of California – a extremely anticipated resolution that leaves the competition to guide the nation’s largest blue state extensive open.
In a press release Harris stated:
For now, my management – and public service – won’t be in elected workplace. I stay up for getting again out and listening to the American folks, serving to elect Democrats throughout the nation who will struggle fearlessly, and sharing extra particulars within the months forward about my very own plans.
Key occasions
In the beginning of his remarks, earlier than touting what he known as the supposed advantages of serving to Individuals to entry their medical information on their telephones, well being secretary Robert F Kennedy Jr took a second to reward the way in which that Donald Trump has modified the White Home since January.
As Kennedy recalled visiting the Oval workplace when his uncle, John F Kennedy, was president, he stated that the White Home had develop into, over time, drab. He then thanks ed Trump for making it now “the alternative of drab”, a praise that introduced an enormous smile to the face of the president.
Trump kicks off non-public well being monitoring system roundtable with false declare about reward from Saudi king
Donald Trump simply spoke in the beginning of what’s billed as a Making Well being Know-how Nice Once more occasion on the White Home, to unveil a brand new non-public well being monitoring system that asks Individuals to share their private well being information and medical information with non-public tech firms.
Whereas privateness advocates have raised alarms in regards to the plan, Trump introduced that what he known as “the CMS Digital Well being Tech Ecosystem” would “give healthcare suppliers, insurers and software program firms the instruments they should empower Individuals with a twenty first Century expertise on well being.”
Earlier than inviting his well being secretary, Robert F Kennedy Jr, to talk, Trump additionally recited a collection of boasts about how nicely issues are going below his management which have develop into an everyday a part of his remarks in all settings.
One among them was his declare that “the king of Saudi Arabia” informed him on a current go to to the Center East that “one yr in the past, your nation was useless, and right this moment yo have the most popular nation wherever on the planet.”
As we famous final week when Trump recited this story at an AI summit, Trump was not hosted on his journey by King Salman of Saudi Arabia, the 89-year-old monarch who has largely retreated from public life and took no half within the lavish ceremonies and conferences Trump attended in Riyadh.
As a substitute, Trump met with crown prince Mohammed bin Salman, the dominion’s de facto ruler, who accepted the 2018 homicide of the Washington Put up journalist Jamal Khashoggi, according to a US intelligence report made public three weeks after the tip of Trump’s first time period.
Interim abstract
Listed here are a number of the newest developments we’re monitoring in our persevering with stay protection of the second Trump administration on Wednesday:
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The US Federal Reserve elected to carry its benchmark rate of interest regular at between 4.25 and 4.5%, a price it has maintained for the reason that finish of 2024. Two Trump-appointed officers on the central financial institution dissented.
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Kamala Harris, the previous vice-president and 2024 Democratic presidential nominee, introduced on Wednesday that she won’t run for governor of California, or any elected workplace, “For now” – fueling hypothesis that she might run for the 2028 Democratic nomination.
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Donald Trump signed an govt order which provides an additional 40% tariff to Brazilian imports – bringing the whole to 50%. The order exempts a whole lot of merchandise that kind a big share of Brazilian items imported by the US, however not espresso.
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Senate minority chief Chuck Schumer outlined a brand new try to pressure legal professional normal Pam Bondi to launch the recordsdata associated to the federal investigations of Jeffrey Epstein.
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The treasury division introduced sanctions towards Alexandre de Moraes – the Brazil supreme court docket decide main the prosecution of former Brazilian president Jair Bolsonaro, for allegedly trying to launch a coup after dropping the 2022 Brazilian election.
White Home exempts a whole lot of merchandise from new Brazil tariffs, together with oil and metals, however not espresso
The chief order issued by Donald Trump on Wednesday, imposing 50% tariffs on items imported from Brazil – to punish the South American nation for supposedly “persecuting” its former president, Jair Bolsonaro, for trying to remain in energy regardless of dropping an election – exempts a whole lot of merchandise, together with sure metals, plane components, wooden pulp, vitality and vitality merchandise, and fertilizers.
The long list of exemptions included in an annex to the order on the White Home web site doesn’t, nevertheless, embody espresso, one of many predominant gadgets American firms import from Brazil.
Inventory buying and selling ban strikes forward with Trump exemption
The Jeffrey Epstein recordsdata weren’t the one enterprise of the day on Capitol Hill right this moment. Laws sponsored by Republican Senator Josh Hawley of Missouri gained approval from a key committee right this moment.
The invoice was initially named the Stopping Elected Leaders from Proudly owning Securities and Investments (PELOSI) Act, which might bar elected members of Congress from shopping for, proudly owning or promoting particular person shares.
The invoice’s unique title takes a pointed jab at Speaker Emerita Nancy Pelosi – who has been criticised for her inventory holdings. Democrats have since negotiated for the laws to be renamed because the “Trustworthy Act”.
In a press release right this moment, Pelosi stated:
I welcome any critical effort to lift moral requirements in public service. The HONEST Act, as amended, rightly applies its inventory buying and selling ban not solely to Members of Congress, however now to the President and Vice President as nicely. I strongly help this laws and stay up for voting for it on the Flooring of the Home.
Nevertheless, for the reason that laws stipulates that the regulation doesn’t begin till an elected official’s new time period in workplace, it exempts Donald Trump and JD Vance.
Trump indicators govt order growing Brazil tariffs to 50%
Donald Trump signed an govt order which provides an additional 40% tariff to Brazilian imports – bringing the whole to 50%.
The White Home says that the tariffs are a penalty for the Authorities of Brazil’s politically motivated persecution of former President Jair Bolsonaro and his supporters. The administration maintains that these punitive tariffs are a part of the President’s plans to guard “the nationwide safety, overseas coverage, and economic system of america from a overseas menace.”
This comes after the sooner transfer from the Treasury Division to issue sanctions towards the excessive court docket decide overseeing Bolsonaro’s tried coup trial.
Kamala Harris broadcasts she will not run for California governor
Lauren Gambino
Kamala Harris, the previous vice-president and 2024 Democratic presidential nominee, introduced on Wednesday that she won’t run for governor of California – a extremely anticipated resolution that leaves the competition to guide the nation’s largest blue state extensive open.
In a press release Harris stated:
For now, my management – and public service – won’t be in elected workplace. I stay up for getting again out and listening to the American folks, serving to elect Democrats throughout the nation who will struggle fearlessly, and sharing extra particulars within the months forward about my very own plans.
Powell provides that right this moment’s Federal Reserve assembly was “fairly good” however there have been two dissenters on the assembly.
And on the impression of tariffs, Powell says there was “substantial quantity of tariff income collected” every month. However he provides that the method with “in all probability be slower than anticipated initially, however we by no means anticipated it to be quick, and we predict we have now a protracted strategy to go.”
Powell underscores the Fed’s reasoning:
The labor market appears strong. Inflation is above goal. And even for those who look via the tariff results we predict it’s nonetheless a bit above goal.
Jerome Powell stated that whereas the rate of interest will stay regular right this moment, there shall be two rounds of jobs and inflation information by the point of the following assembly in September.
He did add, nevertheless, that they’ve made “no selections about September,” however they are going to be taking that interim data into consideration forward of the following resolution.
Fed chair holds press convention on rate of interest
Jerome Powell is outlining the Federal Reserve’s resolution to maintain the rate of interest regular.
“Our obligation is to maintain long run inflation’s inflation expectations nicely anchored, and to stop a one time enhance within the value stage from changing into an ongoing inflation downside,” he stated.
