Sbooker is an Aussie and has presumably seen/red about Rupert's entire career. He should have more insight than any of us. I do not think the Murdoch's were in favor of Trump when he was first running in 2015. After he won the nomination in 2016 is when they started supporting him.
But then the Post endorsed Trump in 2024.
Hence the question. I can’t keep up with Murdoch’s views.
As a longtime NY Post reader, it's pretty obvious that the Murdoch empire's position is fueled by its effect on readership and advertising revenue, not political beliefs.
I'm guessing that the latter is what ultimately drives the ship here but I would guess Rupert and Lachlan probably have conservative leanings, although not full-blown MAGA tendencies (whatever that may be?).
The published texts create that impression. Especially Hegseth's.
I’m just about ready to pull the trigger.LOL. What sort of sale are you looking for? 20%+You save your cash for a sale.
Yea, my guess is that both Trump and many of these foreign countries will "fold", whereby the foreign countries - Japan, Canada, Germany, France, etc. - will agree to reduce tariffs on goods imported from the United States and will also agree to buy more goods - agricultural products, oil and gas, etc - directly from the US (a de minimus amount) and Trump will then lower these new draconian tariffs on those countries' exports and declare victory. The fact is that many of these countries NEED to export to the US. For many countries, it is a significant percentage of their GDP and it will wreak havoc inside those countries if those exports are killed by the higher tariffs. And no doubt the US needs at least some of these imports as part of the supple chain (although I'm not sure it will kill the US economy if people have to pay higher prices for their Mercedes or BMW's). Both sides have too much to lose if the current regime stays in place for too long.
S and P up 9.5% on the back of his latest erratic move. What a clown show.
Supposedly it was the bond market and ensuing alarms from the Treasury Dept. It's not a surprise that the bond market would view the tariffs as inflationary.
Yes, it's Trump's obsession with trade deficits. That chart with list of countries and two percentages, the second one (half of the first one) being Trump's tariff rate? The misleading implication is that the first number is the other country's tariff rate. That first number is actually the proportionate size of the US trade deficit with that country. It is possible for another country to have zero tariffs on US goods and still be hit with a big tariff by this apples-and-oranges formula. I've also read that the trade deficit formula is based only on goods, not services. I'm sure US industries like software, financial services, entertainment etc. are looking forward to the impending retaliation.
I thought it was the flight away from bonds (selling) in a down stock market, that caused the freak out.
Often, when the stock market falls, the money goes into bonds. This time investors wanted no part of bonds with the inflation fears, so both bond and stock prices were crashing at the same time.
