Former econ advisors urge Trump to drop steel tariffs
Fifteen former White House Council of Economic Advisers chairs from both parties urge President Trump not to impose new steel import tariffs citing higher costs and diplomatic strains. The letter notes tariffs would raise manufacturing costs, cut jobs in manufacturing, and raise consumer prices while offering limited national security gains.
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White House
Donald Trump
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Alan Greenspan
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Gerald Ford
McDonald's Aims to Speed Up With Delivery and Apps
McDonald's is pushing faster service via expanded delivery and digital ordering kiosks. The Innovation Center showcases a national app launch and a goal to cut order time from 17 to about 10 seconds, in a bid to reverse fading popularity amid fierce competition and a junk-food image.
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McDonald’s
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McDonald’s Corp
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Dow Jones hits new record high as gains widen
Banks and tech led U S stocks to modest gains with the Dow Jones industrial average closing near a fresh high. Energy shares rose with higher crude prices while phone and utility stocks lagged. The S P 500 rose 4.58 points to 2447.83, the Dow gained 20.95 to 21553.09, and the Nasdaq added 13.27 to 6274.44. The Russell 2000 edged up 1.34 to 1425.66.
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Associated Press
Federal deficit climbs in June driven by timing quirks
The June deficit reached 90.2 billion dollars, up from a 6.3 billion surplus in June 2016, as outlays rose 39 billion due to earlier benefit payments. Through nine months the deficit is 523.1 billion, with 2.51 trillion in revenue and 3 trillion in outlays. Congress must approve a budget by Oct. 1.
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Treasury Department
Congressional Budget Office
CBO
Congress
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