Trump Vows 15% Corporate Tax, Taps Elon Musk For Federal Audit | Bloomberg The Pulse 09/06/24

Donald Trump has pledged to cut the corporate tax rate, slash regulations and audit the federal government as he unveils his economic plan running for the highest office in the White House. The centerpiece of his address was a push to reduce the corporate tax rate to 15% for companies that make their products in the US. That move would be a large reduction from the current 21% rate — a key policy win from Trump’s own 2017 tax law. The former President also vowed to establish a task force to review federal expenditures, an idea recommended by Tesla and SpaceX CEO, Elon Musk. Trump said the commission would be “tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms.”

Today's guests: Vasiliki Pachatouridi, BlackRock; Famke Krumbmüller, EY; Adam Turtle, Rede Partners CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:58 - Dollar under pressure ahead of US jobs data
00:03:52 - Vasiliki Pachatouridi, BlackRock
00:09:31 - Michel Barnier named as new French PM
00:12:00 - Famke Krumbmüller, EY
00:16:46 - Defense ministers meet in Germany
00:18:15 - Headlines
00:20:26 - Paulson on fed rates path, economy, inflation
00:21:01 - Donald Trump vows 15% corporate tax
00:23:16 - Kamala Harris pushes 28% capital gains tax
00:24:32 -
00:25:09 - Trump taps Elon Musk for federal audit role
00:26:48 - OPEC+ delays output boost
00:29:38 - Oil demand in China and India slowing
00:31:52 - Adam Turtle, Rede Partners CEO
00:38:04 - Greece faces worst wildfire season in two decades
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[BrunoMota]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio., .

[neilweston]

Right on the mark bloomburgh, your commentators are verygood, thking u.

[FlyingDutchman]

Tax cuts for everyone but the working class.

Nice.

[hydroac]

Trump's economic presentation was the equivalent of a below average 6th grader giving a book report on a book that he hadn't read.

It was pure word salad. It was just embarrassing.

And we want this incoherent man to lead the Free World? Heaven help us.

[calvinlee]

미국은 이런 식으로 낚시질을 구사함.
억울한 척 원망하는 척 표정으로 말해요.
실상은 그들이 열심히 괴롭혀서 주도한 결과임.
일부러 마음의 문을 열지 않고 굳게 닫도록 유도함.
근데 이렇게 만들고 나니 다른 문제들이 생겨나고 있음.
다시 또 전략적으로 수습하려니 잘 안되는 듯 보임.

[TheDystopiaInside]

OMG yes I love when Elon does his thinking face and temples his fingers. Gets me so wet, he so smort.

[MrKenng]

Kick Trump out. He doesn't represent America.