Rex Tillerson is out as Secretary of State and CIA director Mike Pompeo is in. President Trump made the announcement in a tweet on Tuesday morning just minutes after a report in the Washington Post was published. Tillerson disagreed with the White House on a number of issues such as the Iran nuclear deal and the best approach to talks with North Korea. Gina Haspel will became the new CIA director once Pompeo becomes Secretary of State. She is the first woman to ever serve in this role.
Meanwhile, President Trump issued an executive order blocking Broadcom's hostile takeover bid for rival chipmaker Qualcomm. Trump cited national security concerns as the reason for interfering with the acquisition. Many experts speculate this is part of growing concerns over China's influence in mobile technology. Qualcomm is the largest mobile chipmaker in the U.S. Broadcom is currently based in Singapore but is moving its headquarters back to the states next month.
Olympic gold medalist and author Scott Hamilton joins us to talk about his figure skating career and his new book. In his book, "Finish First," Hamilton talks about how winning and losing has shaped him as a person. He also opens up about his numerous health struggles in the past few decades. Hamilton is a cancer survivor and is currently living with a brain tumor.
Plus, Kristen Scholer sits down with Brooklyn Decker and Whitney Casey at SXSW to talk about their start-up Finery. The two recently secured $5 million in seed funding for the online wardrobe company. Decker and Casey discuss the future of artificial intelligence and how the technology could potentially play a role in their company soon.
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
