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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug

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Speaker 1: Prisoner Bute.

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Speaker 2: Four three two one.

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Speaker 1: SpaceX has successfully completed the tenth test flight of the

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Speaker 1: Starship Rocket. This follows two consecutive scraped launches, one yesterday

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Speaker 1: the other on Sunday. Now, this mission came with heightened

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Speaker 1: stakes after a string of setbacks earlier this year. Starship

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Speaker 1: launched today from the Starbase complex in South Texas, and

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Speaker 1: roughly an hour later, the Starship Rocket completed its mission

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Speaker 1: by splashing down in the Indian Ocean. Starship is billed

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Speaker 1: as the most powerful rocket ever built, and it's central

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Speaker 1: to Elon Musk's goal of reaching Mars. It's been roughly

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Speaker 1: twenty four hours since President Trump said he is firing

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Speaker 1: fed Schaer Lisa Cook. Earlier today during a cabinet meeting,

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Speaker 1: Trump said he is already looking for Cook's replacement.

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Speaker 3: Well, we have some very good people for that position.

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Speaker 3: And I think we have some very good people who

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Speaker 3: went down to I mean, I think I maybe in

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Speaker 3: my own mind have somebody that I like. But I

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Speaker 3: deal with Scott, and I deal with Howard, and we're

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Speaker 3: dealing with a lot of people actually that are going

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Speaker 3: to be involved in that decision altim It's a very

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Speaker 3: important decision now.

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Speaker 1: In a statement released Tuesday by the FED, it said

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Speaker 1: it will abide by any court ruling regarding Cook. If

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Speaker 1: Trump were to succeed, he could secure a dubbish majority

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Speaker 1: on the Fed's board as he pushes for lower interest

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Speaker 1: rates now. Cook was appointed by former President Biden back

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Speaker 1: in twenty twenty two. She is the first black woman

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Speaker 1: to serve on the Fed's board. And we got reaction

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Speaker 1: from former FED Vice Chair Layel Brainerd well, I.

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Speaker 4: Think the Federal Reserve is an incredibly difficult position here,

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Speaker 4: but you have to remember this is not about an

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Speaker 4: individual governor. This is really an unprecedented attack on the

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Speaker 4: independence of the Federal Reserve as an institution.

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Speaker 1: You can catch the full conversation with former FED Vice

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Speaker 1: Chair Lalel Brainerd on the Bloomberg Podcast YouTube channel. President

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Speaker 1: Trump is threatening what he called an economic war if

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Speaker 1: Russia's Vladimir Putin and Ukraine's Voladimir Zelensky do not move

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Speaker 1: toward peace. On Tuesday, Trump said he has various serious

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Speaker 1: measures in mind, including potential sanctions. However, he declined to

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Speaker 1: set a firm timeline. Now This warning follows Trump's summit

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Speaker 1: with Putin in Anchorage. At that time, it raised hope

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Speaker 1: for negotiations. However, so far no talks with Zelensky have

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Speaker 1: been arranged. Now Trump is doubling tariffs on Indian goods

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Speaker 1: imported to the US. This is after India purchased Russian oil.

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Speaker 1: By the way, those higher levees will take effect tonight

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Speaker 1: at twelveh one am Wall Street time. Meantime, Trump is

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Speaker 1: threatening tariffs and export restrictions on countries that impose digital

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Speaker 1: services taxes on American technology. Here is Bloomberg's ros methison.

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Speaker 5: What this tells us is two things. One is that

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Speaker 5: Donald Trump keeps moving the goalposts on trade. You think

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Speaker 5: you've got one thing sorted, and another thing immediately he

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Speaker 5: crops up, be it tech, be it furniture, or something else.

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Speaker 5: And the second thing is he really does zero win

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Speaker 5: on these digital services tax He's been doing that for

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Speaker 5: many years.

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Speaker 1: That's Bloomberg's ras matheson. Now this move could affect the

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Speaker 1: European Union. Earlier, a European Commissioned spokesman said the EU

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Speaker 1: has a sovereign right to regulate digital services. US Transportation

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Speaker 1: Secretary Sean Duffy is threatening to withhold federal trucking safety

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Speaker 1: funds to California, New Mexico, and Washington unless those states

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Speaker 1: can prove their drivers speak English.

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Speaker 2: Hopefully in the next thirty days. We won't have to

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Speaker 2: withhold any money from them, but if they don't come

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Speaker 2: in a compliance, we will start with withholding this money

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Speaker 2: and then we will take additional steps to guarantee compliance.

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Speaker 2: And this is not just to be clear, this is

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Speaker 2: not just about saying we have some obscure rule that

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Speaker 2: we want them to comply with that truck drivers speak

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Speaker 2: English proficiently. This is about keeping people safe on the road.

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Speaker 1: That is Transportation Secretary Mary Sean Duffy. Now, California, New Mexico,

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Speaker 1: and Washington collectively received forty six million dollars in trucking

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Speaker 1: safety fees back in twenty twenty three. Incidentally, this announcement

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Speaker 1: follows a deadly crash in Florida where a foreign truck

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Speaker 1: driver made an illegal U turn, killing three people. Cracker

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Speaker 1: Barrel Old Country Store is scrapping plans for a new

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Speaker 1: logo after receiving complaints, including from President Trump. Earlier today

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Speaker 1: on Truth Social Trump said Cracker Barrel should go back

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Speaker 1: to its old logo with an image of a man

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Speaker 1: leaning against a beryl. Now the new design removed the image,

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Speaker 1: sparked controversy and prompted a slump in the share price

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Speaker 1: of Cracker Barrel. And that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Prisoner and this

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Speaker 1: is Bloomberg