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Original headline: Has Trump broken his McDonald promise ?
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- Has Trump Broken His McDonald Promise?
The article recalls Trump working at a McDonald's in Pennsylvania on Oct. 20, 2024, during the presidential campaign, a move seen as a rebuke of Kamala Harris. Trump carried Bucks County by 291 votes out of 402,349 cast. The author argues Trump's standing has suffered in his second term because voters feel he serves himself rather than the public, though the economy is not in dreadful shape, with inflation at 3.7% versus 9% under Biden in 2022. His tariffs, which pushed rates on Canada to 50%, are cited as the clearest example of self-indulgence, producing few gains for Americans but higher prices.
- Trump hits his favorite insane talking points at weekend rallies
President Donald Trump rallied in Dalton, Georgia, on Friday and Highland Heights, Kentucky, on Saturday, repeating familiar lines on topics including his makeup and a spelling joke about 'dumb,' which the author calls nonsensical. Georgia Sen. Jon Ossoff described the speech as 'senile babbling.' The author argues Trump would help Republicans more by staying out of the final weeks of the midterm campaign so candidates can define their own races. The column says Trump dismisses voter concerns about inflation, corruption and the cost of gas and groceries as hoaxes.
- Roger Marshall praises Trump tariff policies after Kansas executive says they hurt his business
At a Topeka event, Zac Surritt of R&S Maintenance told Sen. Roger Marshall that Trump's tariffs had reduced global demand, squeezed margins and forced the company to delay expansion plans. Marshall said this experience was likely an anomaly, since most manufacturers he has spoken with are expanding, and argued that tariffs are helping Kansas manufacturing grow. Democratic challenger Adam Hamilton said business leaders need stability, criticized the 56 tariff changes made in the past year, and called on Congress to reassert its authority over tariffs. The Federal Reserve Bank of New York estimated that tariffs imposed in 2025 and 2026 added 2.9 percentage points to inflation across a basket of 67 consumer goods, while the Tax Foundation put the average cost at $820 per household in 2026.
- Roger Marshall praises Trump tariff policies after Kansas executive says they hurt his business
Zac Surritt, a leader at Kansas metal fabrication firm R&S Maintenance, says tariffs imposed by President Donald Trump have cut global demand and margins, raised transportation and living costs for employees, and forced the company to delay expansion. Republican Senator Roger Marshall, running for reelection against Democrat Adam Hamilton, called the experience likely an anomaly since most manufacturers are expanding, and said the tariffs are bringing jobs back to America. Hamilton criticized the policy's instability, citing 56 tariff changes in the past year, and said Trump's insults toward Canada, which imports $4 billion of goods from Kansas annually, and doubts about Bombardier, which has 1,500 employees in Sedgwick County, were damaging. The Federal Reserve Bank of New York reported that tariffs in 2025 and 2026 added 2.9 percentage points to inflation across a basket of 67 everyday consumer goods, while the Tax Foundation estimated an average cost of $820 per household in 2026.
- Roger Marshall praises Trump tariff policies after Kansas executive says they hurt his business
Zac Surritt, who leads strategic growth at Kansas metal fabrication firm R&S Maintenance, told Republican Senator Roger Marshall that Trump's tariffs had cut demand and margins, raised transport costs and forced the company to delay expansion. Marshall, who is seeking reelection against Democrat Adam Hamilton, said this experience was likely an anomaly because most manufacturers he had spoken with were expanding, and argued that tariffs were helping Kansas manufacturing grow. Hamilton countered that the state's largest employers criticized the instability tariffs had created, noting 56 tariff changes in the past year, and called Trump's insults toward Canada, which imports $4 billion in Kansas goods annually, a blunder. The Tax Foundation estimated the average household cost of Trump's tariff policy at $820 per residence in 2026.
- Zelenskyy praises 'real leaders' in Europe, as his strained relationship with Trump overshadows EU summit
Ukrainian President Volodymyr Zelenskyy on Friday praised European 'real leaders' for standing by Kyiv, as his strained relationship with U.S. President Donald Trump clouds a summit aimed at securing more support for Ukraine. The Financial Times reported that three officials involved in preparing the summit plan to privately urge Zelenskyy to tone down his rhetoric when they meet in Brussels, while Politico said some EU leaders are worried about how he is handling the dispute, with one diplomat calling his public criticism 'not helpful'. Speaking to reporters in Brussels, Zelenskyy said Ukraine wants to end the war as quickly as possible but sees no signals from Russia that it is ready to do so.
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Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
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