President Trump purchased 11 polar icebreaking ships which totaled around $7 billion. Not only is that twice as many as the Coast Guard needs, but also the contracts for building the ships were awarded without competitive bids. Stephanie Ruhle breaks down how this isn’t the first time this administration has bypassed the normal bidding process.

MS NOW: My Source for News, Opinion, and the World.

» Subscribe to MS NOW: https://www.youtube.com/@msnow

» Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for free at https://ms.now/joinus

MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/

source

Tech billionaire #ElonMusk said he will begin dedicating more time to #Tesla and less to his work with the #Trump administration starting next month. Musk’s comments came on Tesla’s call with investors following the company reporting a sizable drop in first-quarter profit and revenue.

The company warned that the political environment along with the Trump administration’s #tariff plans were challenges for its business.

MSNBC’s #RachelMaddow reacts to the news. “It’s not a like business world secret why this is happening. This is happening because of the guy who’s the head of the car company. The company is repulsed by Elon Musk,” Maddow said.

For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/

» Subscribe to MSNBC: https://www.youtube.com/msnbc
» Subscribe to MSNBC on TikTok https://www.tiktok.com/@msnbc
» Subscribe to MSNBC on Instagram https://www.instagram.com/msnbc
Download our new MSNBC app for the latest breaking news and daily headlines at a glance: https://www.msnbc.com/information/download-msnbc-app-n1241692

Follow MSNBC Show Blogs
MaddowBlog: https://www.msnbc.com/maddowblog

MSNBC delivers breaking news, in-depth analysis of political headlines, commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Inside with Jen Psaki, Morning Joe, The Beat, Deadline: White House, All In, The Last Word, The 11th Hour, and more.

Connect with MSNBC Online
Visit msnbc.com: https://www.msnbc.com/
Subscribe to the MSNBC Daily Newsletter: https://link.msnbc.com/join/5ck/msnbc-daily-signup

source

Amid an affordability crisis and record-breaking national debt, members of President Donald Trump’s administration are blaming former President Joe Biden for the nation’s economic woes. Joe calls out the strategy, highlighting the outsized portion of debt taken on under Trump.

MS NOW: My Source for News, Opinion, and the World.

» Subscribe to MS NOW: https://www.youtube.com/@msnow

» Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for free at https://ms.now/joinus

MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/

source

The yield on the 30-year U.S. Treasury bond has hit its highest level since 2007 as investors remain worried about inflation and government borrowing. Wall Street Journal Chief Economics Commentator Greg Ip and VP of General Economics at the Cato Institute Scott Lincicome join Stephanie Ruhle to provide their insight.

MS NOW: My Source for News, Opinion, and the World.

» Subscribe to MS NOW: https://www.youtube.com/@msnow

» Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for free at https://ms.now/joinus

MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/

#trump #economy #wallstreet

source

“When our democracy is undermined, we will lose our economy.”

Stephanie Ruhle shares what investors are paying attention to despite public backlash from Americans unable to “fund their own lives.”

MS NOW: My Source for News, Opinion, and the World.

» Subscribe to MS NOW: https://www.youtube.com/@msnow

» Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for free at https://ms.now/joinus

MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/

#toddblanche #wallstreet #useconomy

source