Newcastle United v Brighton & Hove Albion: Anthony Gordon red card
Newcastle United v Brighton & Hove Albion: Anthony Gordon red card
Anthony Gordon will miss Newcastle’s League Cup final against Liverpool after being shown a straight red card for pushing Jan Paul van Hecke in the back of the head in Newcastle’s fifth round FA Cup tie against Brighton at St James’ Park.
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China’s Honor pledges $10 billion AI investment, closer Google ties
China’s Honor pledges $10 billion AI investment, closer Google ties
******** smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.
Nurphoto | Nurphoto | Getty Images
BARCELONA — Honor on Sunday pledged $10 billion in artificial intelligence investments over the next five years and announced a deepening partnership with Google, as the ******** smartphone maker looks to bolster its market share overseas.
The investment plan, revealed at Mobile World Congress in Barcelona, is designed to reposition the firm from a smartphone player into an “AI device ecosystem company,” according to Honor.
The ******** company is somewhat of an upstart in the smartphone world, after spinning off from Huawei in 2020 when the tech giant was hit with U.S. sanctions. Since then, Honor has looked to expand outside of China and push into the higher-end part of the market where Apple and Samsung play.
The company has made some headway by releasing some innovative devices, including foldable phones, but it still remains a small player globally. Its smartphone market share outside of China stood at 2.3% in 2024 versus 1.7% in 2023, according to IDC data.
An Honor spokesperson told CNBC the money would go toward putting AI into hardware as well as next generation AI agents, which are often described as more advanced virtual assistants.
Another part of the investment will go toward creating a “platform for a wide range of AI devices.”
“This is not limited to our own devices, but also AI devices from different partners, so the different kinds of AI devices can talk to each other, and consumers can have more choices and seamless experiences,” the Honor spokesperson said.
A small portion of the investment will also be used to “prepare for the AGI (Artificial General Intelligence) era.”
AGI generally refers to AI that is smarter than humans.
Closer Google ties
On Sunday, Honor demonstrated a proof of concept “AI agent”. One example involved a user asking the agent to book a restaurant with specific requirements, such as the type of preferred cuisine and the distance from the user. The agent went ahead and made a reservation. Honor said it is working with Google and chip designer Qualcomm on developing its AI agent, but did not give a timeline for its release.
Meanwhile, Honor is also using the technology behind Google Gemini, the U.S. firm’s AI system, for the AI features on its latest devices.
Meanwhile on Sunday, Honor announced that it would commit to seven years of employing the Android operating system and security updates for its Magic series of flagship smartphones — becoming just one of very few vendors to pledge this. Google’s own Pixel devices and Samsung’s S series of flagship smartphones are the only other devices to offer similar support.
Android is the operating system created by Google. While the seven year support is not directly related to Google, it highlights Honor’s commitment to the operating system.
While there are many Android smartphone players, not all of them have as close a tie to Google as do Samsung, the biggest Android user in the world, and Xiaomi, the second largest. Honor is now joining that list.
“Honor’s deeper partnership with Google is very significant,” Ben Wood, chief analyst at CCS Insight, told CNBC. “To date, it has felt as though Google was keeping ******** smartphone makers at arm’s length when it came to the most advanced aspects of Gemini AI, but this appears to put the Honor on par with Samsung Galaxy and Google’s own Pixel products which is quite a coup.”
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Asian Cup hero Hall felt like he’d been a movie star
Asian Cup hero Hall felt like he’d been a movie star
Steven Hall, courageous hero of the Young Socceroos’ landmark Under-20 Asian Cup triumph, has been left feeling as if his emotional story had been lifted straight out of a movie.
The 20-year-old joined a distinguished list of goalkeeping shoot-out heroes like Mark Schwarzer, Andrew Redmayne and Mackenzie Arnold when he made the instinctive one-handed save that won Australia its first major soccer trophy in a decade since Ange Postecoglou’s 2015 senior Asian Cup winners.
The dizzying moment in Shenzhen against Saudi Arabia prompted Hall to rush to a pitchside camera and brandish the message on his glove which read “for you grandad” in honour of his grandfather who’d died just a week earlier back home.
Reflecting on Sunday after a night of celebration in China, Hall still sounded incredulous as he said: “It was just a dream come true.
“That’s what you dream as when you’re a goalkeeper, like being in a tournament, in a final, and you save the winning penalty. It was literally like a movie, like you just couldn’t script it. Just really, really happy.”
Looking back on his emotionally difficult week, Hall, who was the youngest-ever A-League goalie at 16 for Adelaide United before he made a move to English Premier League Brighton, felt the experience had only strengthened him.
“Because what I went through throughout the tournament, it was really hard on me, but I look back at it and I say to myself ‘if I can get through this, I can get through anything’,” he explained.
“It was a tough week, but everyone in the group got around me, they’re great lads, and they supported me throughout every game.
“And I knew my grandad was watching me every game. He was with me in the goal. I’m just really, really happy to get the win for him.”
His great moment came with the Young Socceroos leading 5-4 in the shootout, with no penalties missed, when Saudi Arabia’s Bassam Hazazi stepped up as their fifth taker.
“He was the only player out of the five that I didn’t have my notes written down. So I just kind of went off instinct,” explained Hall.
“As he was running up, I had that gut feeling that he was going to go to my right, so I held as long as I can before diving, and when I did, I saw the ball coming sort of behind me, so I thought I’d over-dived.
“But I gave it a good left hand, and when I saw it hadn’t gone in, I was just like so happy, man. Just a great feeling!”
Hall was hailed by the team coach Trevor Morgan. “Stevie’s done it before, so we were expecting it to be honest. I knew he would make a save.
“He had a tough week, and that’s one of the things you have to do as a young professional footballer, manage yourself to perform when you’ve got other things to deal with. I had full confidence in him.”
Next stop for Hall, a popular moustachioed and mulleted figure at Brighton, is trying to battle his way into the Premier League outfit’s senior team, but he’s already got an eye on the Young Socceroos’ bid for further glory in the Under-20 World Cup in Chile in September and October.
“The win here gives great confidence to everyone,” he said.
“Coming into this tournament, we weren’t favourites, people doubting us, hadn’t qualified for the World Cup in years, but I think it shows the rest of the teams in the World Cup that Australia is a good team.
“We know that what we can do now we’ve won this, so it gives great confidence for the lads going into the World Cup.”
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Starmer says Europe faces a ‘once in a generation moment’ as leaders discuss ending war in Ukraine
Starmer says Europe faces a ‘once in a generation moment’ as leaders discuss ending war in Ukraine
LONDON (AP) — British Prime Minister Keir Starmer told leaders gathered Sunday for a summit on the war in Ukraine that they need to step up and continue to support Kyiv and meet a “once in a generation moment” for the security of Europe.
“Even while Russia talks about peace, they are continuing their relentless aggression,” Starmer said at the opening of the meeting.
Starmer, flanked by Ukrainian President Volodymyr Zelenskyy and French President Emmanuel Macron, said the three of them had agreed to work on a plan to stop the fighting, and take that to the U.S., which has discussed brokering a peace deal.
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“We need to agree what steps come out of this meeting to deliver peace through strength for the benefit of all,” he said. “So, let’s get started.”
The meeting has been overshadowed by the extraordinary scolding of Zelenskyy by U.S. President Donald Trump, who blasted him Friday at the White House as being ungrateful for U.S. support against the invasion by Russia.
Starmer said he’s focused on being a bridge to restore peace talks, whose collapse he used as an opportunity to re-engage with Trump, Zelenskyy and French President Emmanuel Macron rather than “ramp up the rhetoric.”
Sunday’s meeting is an important step
The London meeting has taken on greater importance in defending the war-torn ally and shoring up the continent’s defenses.
Sunday’s summit is likely to include talks on establishing a European military force to be sent to Ukraine to underpin a ceasefire. Starmer said it would involve “a coalition of the willing.”
Starmer told the BBC he does not trust Russian President Vladimir Putin but does trust Trump. “Do I believe Donald Trump when he says he wants lasting peace? The answer to that is yes,” he said.
Starmer said there are “intense discussions” to get a security guarantee from the U.S.
“If there is to be a deal, if there is to be a stopping of the fighting, then that agreement has to be defended, because the worst of all outcomes is that there is a temporary pause and then (Russian President Vladimir) Putin comes again,” Starmer said. “That has happened in the past, I think it is a real risk, and that is why we must ensure that if there’s a deal, it is a lasting deal, not a temporary pause.”
The three essentials Starmer listed for a successful peace deal were: arming the Ukrainians to put them in a position of strength; including a European element to guarantee security; and providing a “U.S. backstop,” to prevent Putin from breaking promises.
“That’s the package. All three parts need to be in place, and that’s what I’m working hard to bring together,” Starmer said.
Starmer hosted the meeting at Lancaster House, a 200-year-old mansion near Buckingham Palace, following a charm offensive last week to persuade Trump to put Ukraine at the center of negotiations and tilt his allegiances toward Europe.
Leaders from Germany, Denmark, Italy, Netherlands, Norway, Poland, Spain, Canada, Finland, Sweden, the Czech Republic and Romania were at the summit. The Turkish foreign minister, NATO secretary-general and the presidents of the European Commission and European Council were also in attendance.
European leaders are backing Zelenskyy
Zelenskyy received broad support from leaders across Europe after the White House fiasco, an exceptional attack on an ally broadcast on live television.
Starmer embraced Zelenskyy as he arrived at the meeting Sunday.
Europe has been anxious since Trump initiated direct peace talks with Putin, who had been isolated by most Western leaders since invading Ukraine three years ago. The scramble to remain relevant and protect European interests as their once stalwart ally appeared to be cozying up to Putin was even more troubling when Trump called Zelenskyy a dictator and falsely said Ukraine started the war.
Meetings in recent days had provided some hope — until Zelenskyy’s visit to the White House.
Visits to the Oval Office by Macron, who had declared his visit a “turning point,” and Starmer were seen as steps in the right direction. The meetings were cordial and Trump even took a gentler tone toward Ukraine, though he would not commit to providing U.S. security guarantees and maintained Europe would need to provide peacekeeping troops.
Within 12 hours of Starmer’s return from Washington, the talk of peace seemed to collapse as Vice President JD Vance berated Zelenskyy for challenging Trump’s assertions that Russian President Vladimir Putin could be trusted.
“Starmer did an impressive job of asserting Europe’s agency in the war on Ukraine and conveying to President Trump that Europe is willing and able to take a leading role in implementing any credible peace deal,” said Rachel Ellehuus, director-general of Royal United Services Institute, a defense and security think tank. “Unfortunately, Friday’s White House meeting was a major step backward.”
Ukraine can no longer count on military or political support from the U.S. after Trump declared himself neutral in negotiations, Ellehuus said. She said Europe needs to step in and could release some 200 billion euros ($207 billion) in seized Russian assets to help fund that effort.
“The immediate goal of the meetings in London must be to keep Ukraine in the fight so it can negotiate from a maximum position of strength,” she said.
European leaders pledge to increase military spending
Starmer pledged this week to boost military spending to 2.5% of gross domestic product by 2027. Other European nations may follow suit.
Czech Prime Minister Petr Fiala said Saturday that Europe faces a historic test and has to look after itself. He said European countries have to increase their arms spending to reach at least 3% of GDP.
“If we don’t increase our effort fast enough and let the aggressor dictate its conditions, we won’t end up well,” he said.
Macron, who said it was legitimate for the U.S. to shift its focus to dealing with China and Asia, also called for more defense spending as he called for unity.
“We should have woken up earlier,” Macron said. “I’ve been saying for years that we need a more sovereign, more united, more independent Europe.”
___
Associated Press writers Jill Lawless in London, Karel Janicek in Prague and Samuel Petrequin contributed.
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China’s Honor pledges $10 billion AI investment, closer Google ties
China’s Honor pledges $10 billion AI investment, closer Google ties
******** smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.
Nurphoto | Nurphoto | Getty Images
BARCELONA — Honor on Sunday pledged $10 billion in artificial intelligence investments over the next five years and announced a deepening partnership with Google, as the ******** smartphone maker looks to bolster its market share overseas.
The investment plan, revealed at Mobile World Congress in Barcelona, is designed to reposition the firm from a smartphone player into an “AI device ecosystem company,” according to Honor.
The ******** company is somewhat of an upstart in the smartphone world, after spinning off from Huawei in 2020 when the tech giant was hit with U.S. sanctions. Since then, Honor has looked to expand outside of China and push into the higher-end part of the market where Apple and Samsung play.
The company has made some headway by releasing some innovative devices, including foldable phones, but it still remains a small player globally. Its smartphone market share outside of China stood at 2.3% in 2024 versus 1.7% in 2023, according to IDC data.
An Honor spokesperson told CNBC the money would go toward putting AI into hardware as well as next generation AI agents, which are often described as more advanced virtual assistants.
Another part of the investment will go toward creating a “platform for a wide range of AI devices.”
“This is not limited to our own devices, but also AI devices from different partners, so the different kinds of AI devices can talk to each other, and consumers can have more choices and seamless experiences,” the Honor spokesperson said.
A small portion of the investment will also be used to “prepare for the AGI (Artificial General Intelligence) era.”
AGI generally refers to AI that is smarter than humans.
Closer Google ties
On Sunday, Honor demonstrated a proof of concept “AI agent”. One example involved a user asking the agent to book a restaurant with specific requirements, such as the type of preferred cuisine and the distance from the user. The agent went ahead and made a reservation. Honor said it is working with Google and chip designer Qualcomm on developing its AI agent, but did not give a timeline for its release.
Meanwhile, Honor is also using the technology behind Google Gemini, the U.S. firm’s AI system, for the AI features on its latest devices.
Meanwhile on Sunday, Honor announced that it would commit to seven years of employing the Android operating system and security updates for its Magic series of flagship smartphones — becoming just one of very few vendors to pledge this. Google’s own Pixel devices and Samsung’s S series of flagship smartphones are the only other devices to offer similar support.
Android is the operating system created by Google. While the seven year support is not directly related to Google, it highlights Honor’s commitment to the operating system.
While there are many Android smartphone players, not all of them have as close a tie to Google as do Samsung, the biggest Android user in the world, and Xiaomi, the second largest. Honor is now joining that list.
“Honor’s deeper partnership with Google is very significant,” Ben Wood, chief analyst at CCS Insight, told CNBC. “To date, it has felt as though Google was keeping ******** smartphone makers at arm’s length when it came to the most advanced aspects of Gemini AI, but this appears to put the Honor on par with Samsung Galaxy and Google’s own Pixel products which is quite a coup.”
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Johnson floats stopgap funding bill, says GOP should codify DOGE cuts later – POLITICO
Johnson floats stopgap funding bill, says GOP should codify DOGE cuts later – POLITICO
Johnson floats stopgap funding bill, says GOP should codify DOGE cuts later POLITICODOGE cuts complicate government funding talks and raise shutdown fears CNN InternationalDemocratic appropriators say Republicans have left US government funding talks, raising risk of shutdown ReutersBlame game intensifies in Congress as government shutdown threat inches closer Fox News
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Transcript: Treasury Secretary Scott Bessent on “Face the Nation with Margaret Brennan,” March 2, 2025
Transcript: Treasury Secretary Scott Bessent on “Face the Nation with Margaret Brennan,” March 2, 2025
The following is the transcript of an interview with Treasury Secretary Scott Bessent that aired on “Face the Nation with Margaret Brennan” on March 2, 2025.
MARGARET BRENNAN: Good morning to you, Mr. Treasury Secretary.
SECRETARY SCOTT BESSENT: Good morning Margaret.
MARGARET BRENNAN: So let’s dig on- in on this, because it seems there’s a bit of a perception gap there. Our polling also shows at least half the country reports concern about paying for food and groceries and housing. They continue to call the economy bad, even more so than last month, and 49% told us the economy is getting worse. When can Americans expect to experience the benefits that President Trump said would be coming in day one?
SECRETARY SCOTT BESSENT: You know, Margaret, what I find interesting is, for the past year and a half, and during the campaign, most of the media said, Oh, the economy is great. It’s just a vibe session. Now that President Trump’s in office, there’s an economic problem. And I’ll tell you what the problem was–
MARGARET BRENNAN: We were pretty straightforward on this program.
SECRETARY SCOTT BESSENT: Well, I haven’t seen this program, but the- in general, this idea that working class Americans didn’t know what they were talking about, they didn’t know their lived experience, they didn’t know what their pocketbooks were feeling. And I tell you, President Trump was elected, one of the reasons was the affordability crisis, and we are setting about doing that. So after four years, four years of disastrous policies, they were running these gigantic deficits that the- that led to the affordability problem, massive government regulations. So what we had was a demand shock from the government spending that was met by supply constraints with over regulation. So we are in the process of deregulating, which will free the supply side, and we are cutting back the government spending. It took four years to get us here. President Trump has been in office five weeks, and I can tell you, we’re working every day. What I will point out, interest rates- a 10 year bond, which I am focused on, have been down every week since President Trump was president. Mortgage rates have been down every week. So that’s a pretty good start.
MARGARET BRENNAN: I hear you that sometimes the data lags reality, but when we are talking about people’s perceptions of the economy, it’s just how they’re feeling right now, we see in our polling, 52% of Americans say Trump’s policies are making grocery prices go up. They explicitly said that on this bar chart you see there. So it’s an experience and a perception issue. When does that shift? When we see the benefits of the planning you say is underway?
SECRETARY SCOTT BESSENT: Look, I think President Trump said that he’ll own the economy in six or 12 months, but I can tell you that we are working to get these prices down every day, but it took four years to get us here, and we’ve had five weeks so interest rates are down. That’s a very good start toward housing affordability, toward auto affordability, and we are tackling this. At Treasury we are going to appoint an affordability czar. We are going to have an affordability Council. We are laser focused on this–
MARGARET BRENNAN: What does that mean? What’s an affordability czar?
SECRETARY SCOTT BESSENT: Someone who picks the five or eight areas where this administration can make a big difference for working class Americans?
MARGARET BRENNAN: Okay. Well, one of the things that we hear the President talk about a lot is the plan to use tariffs. I know this falls under the purview of Commerce and the trade rep, but you have spoken a bit about it before. If the President does roll out the 10% tariffs that he says are coming on China this week, the 25% on Canada and Mexico, how much do you think they will impact what Americans experience? The Peterson Institute says it will cost households an additional $1,200 a year.
Speaker 1 SECRETARY SCOTT BESSENT: Look, a couple of things I respect my friends at the Peterson Institute, I think they’re a bit alarmist. I think a lot of their supporters are anti-tariffs, so they take an anti-tariff position. And look, we have the experience of President Trump’s first term, where the tariffs did not affect prices. And it’s a holistic approach, that there will be tariffs, there will be cuts in regulation, there will be cheaper energy. So I would expect that very quickly we will be down to the Fed’s 2% target. So I’m expecting inflation to continue dropping over the year.
MARGARET BRENNAN: So should we expect these tariffs to come March 4?
SECRETARY SCOTT BESSENT: Well, there’s a series of tariffs. There’s March 4, and then there are the big the there’s the big tariff program that’s going to be outlined on April 2 by commerce and USTR, and that’s the President’s notion of reciprocal tariffs. And that’s going to be very path dependent. It’s- we are going to show what are other countries tariffs on specific goods? What are non tariff barriers? What are the currency manipulation, what is manipulation of financing or labor manipulation, and what are these horrendous fines that the European Union is putting on our tech companies, and we are going to evaluate that and give them an opportunity to remedy that, so we could either see a ratcheting up in tariffs, or if our trading partners want to remedy what has been unfair trade, then we could see the tariffs come off. So it’s going to be path dependent.
MARGARET BRENNAN: And that’s Europe in April, mainly?
SECRETARY SCOTT BESSENT: Well, that’s across the world.
MARGARET BRENNAN: Okay. So when you say the Peterson Institute is too alarmist, with $1,200 a year on the average household, what’s the cost of the household? You think it’s zero?
SECRETARY SCOTT BESSENT: Well, we don’t know yet, because it’s path dependent, but what I can tell you is that I’m not worried about China. China is going to- China will pay for the China tariffs, because their business model is exporting their way out of this inflation. They are the most imbalanced, unbalanced economy in modern times, and the idea that because of a tariff, that they would lower their production is wrong. They are going to continue flooding the market. They will eat this price decrease. They will eat any tariffs that go on.
MARGARET BRENNAN: So I saw you say on Bloomberg recently that Mexico has offered to match the US tariffs on China, and that you would like for the Canadians to do so as well. You described it as a fortress in North America. Is that in the works?
SECRETARY SCOTT BESSENT: I don’t know yet. We’ll see the ******** leadership has offered to do that. We haven’t heard from the Canadians, but I think that would be a very good start, because-
MARGARET BRENNAN: By Tuesday, potentially to offset the potential punishment on them?
SECRETARY SCOTT BESSENT: By Tuesday, or maybe the tariff wall goes up, and then we see what happens from there. But I can tell you that under the cover of COVID, China dramatically increased their export capacity, and they are trying to export their way to prosperity. They are in an economic crisis. They have gigantic deflation, and it’s unacceptable for them to export that to the rest of the world. And I think North America would be a very good start for pushing back against this unfair trade policy.
MARGARET BRENNAN: Well, that would be a significant development.
SECRETARY SCOTT BESSENT: Very significant.
MARGARET BRENNAN: Which would avoid tariffs that are supposed to go out on Tuesday.
SECRETARY SCOTT BESSENT: We’ll see.
MARGARET BRENNAN: Okay, we’ll be watching that space. I want to ask you about Ukraine. You were in that Oval Office meeting that went sideways on Friday. He- President Zelensky, was told to leave the White House before he signed the minerals agreement that I know you have been working on, he said yesterday, though he is ready to sign it, he called it the first step towards security guarantees. It’s not enough. We need more than just that. A cease fire without security guarantees is dangerous for Ukraine. Is the deal still on the table, or has President Trump instructed you to drop the project?
SECRETARY SCOTT BESSENT: Margaret, it is impossible to have an economic deal without a peace deal. The sine qua non for an economic deal, is that Ukrainian leadership wants a peace deal.
MARGARET BRENNAN: I thought this was a building block towards getting to
SECRETARY SCOTT BESSENT: Well, it was supposed to be, but President Zelensky came into the Oval on Friday. There were, there were three things that were going to be done. There was going to be a press conference, there’s going to be a private lunch with 16 of us, and as you can see from Dan Scavino’s, the post on his X account, we were all ready set up to sign, to sign the deal. So it’s unclear now, President Zelensky has thrown off the sequencing, and Margaret, let me tell you the most tragic part of this the President Trump’s idea for this economic arrangement was to further intertwine the American people and Ukrainian people and show no daylight. To show the Russian leadership that there was no daylight, and President Zelensky came into the Oval Office and tried to relitigate in front of the world the deal. And we were going- the place to have done it would have been in the private lunch.
MARGARET BRENNAN: Okay, well, it’s news to me that this was that the sequencing is shifting, that you were saying you have to agree to a peace deal before the minerals agreement? There aren’t even negotiations for a peace deal anyway.
SECRETARY SCOTT BESSENT: Well first of all, it’s not a minerals agreement. It’s a general economic agreement. So calling it a minerals agreement is incorrect, and I think we have to see if President Zelensky wants to proceed, what’s- what’s the use in having an economic agreement that’s going to be rendered moot if he wants the fighting to continue. President Trump wants a peace deal. .
MARGARET BRENNAN: Vladimir Putin, it’s unclear if he wants a peace deal, though there are no negotiations underway. The Secretary of State said that on another network this morning.
SECRETARY SCOTT BESSENT: Yeah, and President Trump- President Trump has said that President Trump is trying to move towards peace. He said repeatedly during- during that episode in the Oval we don’t know if we’ll get a peace deal, but we got to try.
MARGARET BRENNAN: Okay. Last Sunday, President Trump’s envoy Steve Witkoff, said on another network that the plan for negotiations was the so-called draft Istanbul protocol. The Institute for the Study of War, says that this would leave Ukraine helpless in the face of future Russia– Russian threats or aggression, if, if that’s described as the Future of Us diplomacy and the framework. Why isn’t Mr. Zelensky asking the right question when he says, How can I agree to a ceasefire with no security guarantees or even a minerals agreement or investment agreement without security guarantees?
SECRETARY SCOTT BESSENT: Well, look, I think the plan is for the European Union to provide this security, not NATO, the European Union. And again, the tragedy of Friday, and I don’t know what President Zelensky was thinking. We had President of France, Emmanuel Macron, in on Monday, great meeting. Then- we had Prime Minister Keir Starmer on Thursday. Fantastic meeting. They were all on board the arc of the peace agreement. All President Zelensky had to do was come in and sign this economic agreement and again show no daylight, no daylight between Ukrainian people and the American people, and he chose to
blow that up.
MARGARET BRENNAN: So the deal is no longer on the table, just to be abundantly clear.
SECRETARY SCOTT BESSENT: Not at present.
MARGARET BRENNAN: Treasury Secretary Bessent thank you for coming in today.
SECRETARY SCOTT BESSENT: Thank you Margaret.
Face The Nation Transcripts
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Balanced rental reform essential for new government
Balanced rental reform essential for new government
A balanced approach to rental reform is essential in the next term of government, otherwise we risk losing investors from the market.
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2 Top Stocks Beaten Down Near 52-Week Lows That Look Like Bargains Now
2 Top Stocks Beaten Down Near 52-Week Lows That Look Like Bargains Now
Buying low to sell later when the stock’s price is high is a time-honored investing strategy. With the benchmark S&P 500 index near its all-time high, though, now might seem like the wrong time to go looking for stocks that trade at bargain prices.
If a frothy market has kept you sidelined, I’ve got some good news. While most investors are focusing on the artificial intelligence (AI) revolution, a couple of terrific businesses are flying under the radar.
Shares of Pfizer (NYSE: PFE), and UnitedHealth Group (NYSE: UNH) have been beaten down to near 52-week lows. Here’s why they look like terrific bargains right now.
Shares of Pfizer are down by about 57% from a peak they reached in late 2021. Sales of COVID-19 products that declined faster than expected, plus upcoming patent cliffs for its top-selling products, have kept the stock under pressure.
Pfizer’s stock price has declined over the years, but not its dividend payout. In January, Pfizer raised its quarterly dividend payout for the 16th year in a row. At recent prices, the stock offers a huge 6.6% dividend yield.
In 2024, sales of a next-generation blood thinner called Eliquis grew 9% to $7.4 billion for Pfizer. That works out to 11.6% of total revenue. Unfortunately, generic versions of Eliquis are expected to launch in the U.S. market beginning in 2028, which could reduce this huge revenue stream down to a tiny trickle.
Patent cliffs are a problem for all big pharmaceutical companies. By reinvesting the profits that its aging blockbusters produce into an enormous development pipeline, Pfizer can offset the losses and continue growing its bottom line.
Pfizer has more than likely launched enough future blockbusters to offset upcoming Eliquis losses and continue pushing its big needle forward for at least another decade. In 2023, the Food and Drug Administration (FDA) approved nine new drugs from Pfizer’s pipeline and last year was another big one. In 2024, the FDA granted more than a dozen approvals to Pfizer products.
Pfizer reported total revenue that rose by 7% last year. If we exclude declining sales of its COVID-19 products, total sales surged by 12% year over year. This year, management expects adjusted earnings to reach a range between $2.80 and $3.00 per share. That’s a lot more than the company needs to meet a dividend obligation currently set at $1.72 annually. An upcoming patent cliff for Eliquis could limit growth, but not to a degree that makes it impossible to continue a steady pace of dividend payout raises.
Shares of UnitedHealth Group are down by about 25% from a peak they reached last November. Unexpectedly high healthcare utilization rates hammered profits and the stock price lower this year.
Story Continues
The stock has been falling because medical costs rose 9% in 2024 but total revenue climbed just 6% over the same *******. As a result, net income declined by a striking 35% last year to $15.51 per share.
Hospitals have raised pries a little faster than UnitedHealth Group expected,but this enormous healthcare conglomerate has levers it can pull to keep its bottom line moving in the right direction. For starters, it can raise premiums that members and plan sponsors and their employees will most likely accept. After years of consolidation in the insurance industry, options are limited.
UnitedHealth Group doesn’t just run America’s largest private insurance operation, it’s also the nation’s largest employer of physicians. It’s hard to imagine a better way for an insurer to retain more of the premiums it receives each month than by directly employing the physicians who order tests and procedures that drive up medical expenses.
In November of 2023, UnitedHealth’s Optum Health division said it employed 90,000 American physicians, or roughly 10% of the total. At last November’s investor day conference, management wasn’t as vocal about how many physicians it employs but did mention it completed 16 million home health visits in 2024.
UnitedHealth Group stock price is down but the company has raised its dividend payout a whopping 94% over the past five years. At recent prices it offers a minuscule 0.4% yield but it’s growing so fast that this stock could be a significant source of passive income by the time you’re ready to retire. Adding some shares to a diverse portfolio now to hold over the long run looks like the right move.
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $323,920!*
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $45,851!*
Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $528,808!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
Continue »
*Stock Advisor returns as of February 24, 2025
Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer. The Motley Fool recommends UnitedHealth Group. The Motley Fool has a disclosure policy.
2 Top Stocks Beaten Down Near 52-Week Lows That Look Like Bargains Now was originally published by The Motley Fool
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President Trump says crypto reserve will include SOL, XRP, and ADA – Cointelegraph
President Trump says crypto reserve will include SOL, XRP, and ADA – Cointelegraph
President Trump says crypto reserve will include SOL, XRP, and ADA CointelegraphTrump to include XRP, SOL, and ADA in US crypto reserve Crypto BriefingBitcoin Jumps After Trump Pledges Strategic US Crypto Reserve BloombergTrump says cryptocurrency ‘strategic reserve’ includes XRP, SOL and ADA ReutersTrump to Establish United States Crypto Reserve CoinDesk
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Funding housing innovation
Funding housing innovation
While it might feel like the state has been in election campaign mode for months, both major parties only just launched their official election campaigns last weekend.
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The accounting maneuver that could make the cost of extending Trump’s tax cuts look like zero
The accounting maneuver that could make the cost of extending Trump’s tax cuts look like zero
A controversial budget maneuver is gaining steam on Capitol Hill that could help make Donald Trump’s first-term tax cuts permanent while also making room for additional tax break pledges he made on the campaign trail.
But it would push up the national debt by trillions of additional dollars beyond what’s already planned.
The idea is to essentially make the cost of extending the 2017 Tax Cuts and Jobs Act free, at least for accounting purposes. That can be done by assessing changes using a so-called current policy baseline, a bit of Washington arcana with trillions in potential consequences.
But no matter how you count it, extending Trump’s 2017 cuts will add somewhere in the neighborhood of $4 trillion to America’s debt, and fiscal hawks are strenuously objecting, calling it “a massive budget gimmick.”
Speaker of the House Mike Johnson, Senate Majority Leader John Thune, Donald Trump, and JD Vance speak in December at the Army-Navy football game. (Getty Images) · Kevin Dietsch via Getty Images
The tactic congressional leaders are considering is to count this year’s tax rate as “current policy” and therefore make the cost of extending the rate — at least for the purposes of assessing the bill — zero.
The political appeal is obvious in that such a move could potentially help alleviate a giant math problem facing lawmakers looking to cut taxes as deeply as possible.
But in a recent episode of Yahoo Finance’s Capitol Gains podcast, the architect of those expiring 2017 cuts made clear that either approach would come with trade-offs.
Kevin Brady, former chair of the House Ways and Means Committee, called the current policy approach “a curious way of Washington thinking” but also pointed out it’s clearly a way to more easily make the tax cuts permanent — a key Trump priority.
The political reality is also that there is going to be a need to keep fiscal hawks on board, with Brady predicting a serious deficit reduction number will eventually be needed no matter how it’s counted — comparing the dynamic to “two rock climbers tethered together.”
He said that serious deficit reduction will ultimately be the deciding factor in how big a tax bill is ultimately possible. It’s a balance that Brady’s successor atop the tax-writing committee, Rep. Jason Smith of Missouri, also appears to be balancing.
The maneuver is clearly under increasing consideration, with House Speaker Mike Johnson appearing to warm to the idea this week after House Republicans had previously pushed a different counting approach.
“The policy makes a lot of sense to me,” Johnson told reporters after a meeting at the White House where Trump aides and Senate leaders pushed the tactic.
Story Continues
Johnson said that current policy approach “comports with reality.”
The tactic also has a supporter in Johnson’s top tax deputy, Rep. Smith, who supports the idea but also raised “huge concerns” this week in an interview with Politico about whether the move would eventually pass muster.
Read more: Do I have to pay taxes on my savings account?
This policy debate appears to be coming to a head after a win this week for House Republicans and Trump’s push for “one big, beautiful bill” with a budget resolution that passed in a 217-215 vote.
House Concurrent Resolution 14 lays out a framework and puts aside $4.5 trillion for tax cuts while outlining $1.5 trillion in federal spending cuts to offset at least some of the cost.
If lawmakers adopt the more conservative “current law” approach, that entire $4.5 trillion tax bucket could be filled simply by extending the 2017 law.
But if the tab of that move is counted as zero, then there’s plenty of space to extend the cuts permanently, as well as for things like Trump’s ideas for eliminating taxes on tips, overtime, and Social Security benefits and lowering the corporate tax rate for domestic manufacturers.
President Donald Trump stands before a sign touting his promise of ending taxes on tips during a stop in Nevada in January. (MANDEL NGAN/AFP via Getty Images) · MANDEL NGAN via Getty Images
But even the smallest estimates of Trump’s overall tax promises — which count well over a dozen distinct ideas — put the deficit impact of his agenda at about $10 billion. The higher-side projections amount to much more: almost $18 trillion in new red ink over the coming decade.
The idea has understandably raised the ire of budget hawks, with one analysis from the nonpartisan Committee for a Responsible Budget calling it “a massive budget gimmick that would justify and allow trillions of dollars of new borrowing.”
The analysis finds that the “current policy” approach could mean an extra $3.4 trillion to $4.6 trillion of deficit increases over the coming decade.
There are multiple ways this counting method could falter. Fiscal hawks in the House — of which there are plenty — could balk and sink the nascent effort.
There is also a concern that the Senate parliamentarian could object to the approach, leading to a possible standoff with Senate leaders who are perhaps most strenuously pushing the idea.
But the recent conversation with former Congressman Brady underlined how keenly President Trump is likely to push any maneuver that will get his additional tax ideas into law and how Congress is likely to try to find any way it can to accommodate him.
“I can tell you from experience,” Brady said, “I didn’t pay so much attention to the president’s tweets each day. I paid attention to his campaign promises because that’s what he was calling me about.”
Ben Werschkul is Washington correspondent for Yahoo Finance.
Every Friday, Yahoo Finance’s Rick Newman and Ben Werschkul bring you a unique look at how U.S. policy and government affects your bottom line on Capitol Gains. Watch or listen to Capitol Gains on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.
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Breaking: XRP, ADA, and SOL Prices Skyrocket Following Crypto Strategic Reserve Announcement – U.Today
Breaking: XRP, ADA, and SOL Prices Skyrocket Following Crypto Strategic Reserve Announcement – U.Today
Breaking: XRP, ADA, and SOL Prices Skyrocket Following Crypto Strategic Reserve Announcement U.TodayTrump to include XRP, SOL, and ADA in US crypto reserve Crypto BriefingTrump says cryptocurrency ‘strategic reserve’ includes XRP, SOL and ADA ReutersPresident Trump says crypto reserve will include SOL, XRP, and ADA CointelegraphTrump to Establish United States Crypto Reserve CoinDesk
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Rate cut signals measured path for property market
Rate cut signals measured path for property market
The Reserve Bank of Australia’s (RBA) decision to lower the cash rate target to 4.1 per cent in February marked a significant shift in monetary policy.
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Netanyahu says ceasefire in Gaza will only continue if ****** keeps releasing hostages
Netanyahu says ceasefire in Gaza will only continue if ****** keeps releasing hostages
Netanyahu says ceasefire in Gaza will only continue if ****** keeps releasing hostages
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Oscars 2025: How to Watch Sunday’s Academy Awards Online for Free – TVLine
Oscars 2025: How to Watch Sunday’s Academy Awards Online for Free – TVLine
Oscars 2025: How to Watch Sunday’s Academy Awards Online for Free TVLineOscars 2025: Nominees, predictions and what time to watch Al Jazeera EnglishOscar nominations 2025: See list of nominees and categories for 97th Academy Awards USA TODAYWhat Time Do The Oscars Start? How To Watch On Free TV And Streaming Forbes
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CoreLogic data reveals Perth housing market has slowed with house values rising by 0.3 per cent last month
CoreLogic data reveals Perth housing market has slowed with house values rising by 0.3 per cent last month
Perth can no longer claim it is one of the strongest housing markets in the country with growth slowing more sharply last month despite improved buyer sentiment.
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Full Xbox 360 decompilation for PC debuts with Sonic Unleashed Recompiled
Full Xbox 360 decompilation for PC debuts with Sonic Unleashed Recompiled
Almost a full sixteen years following its initial November 2008 release, Sonic Unleashed finally has a fully-blown native PC port, dubbed Unleashed Recompiled. This is a Recompiled PC port, specifically, thanks to fan efforts pioneering the XenonRecomp and XenosRecomp tools used to do it, allowing for PowerPC code and Xenos shaders to be converted into x86 PC-compatible C++ and HLSL code, respectively.
This also means that, in theory, any Xbox 360 game should now be fully Recompilable for native PC port goodness, including those unsupported by modern Xbox Backward Compatibility, effectively freeing several games from the graveyard — and opening the doors of modding wider than ever. If this sounds familiar to you, it might be because a similar endeavor gave us Zelda 64: Recompiled and N64: Recompiled, which we’ve covered previously.
Unleashed Recompiled – Release Trailer – YouTube
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Locking in on Sonic Unleashed specifically, one may be left wondering what exactly pushed fans so far as to make a native PC port before ***** did. In truth, Sonic Unleashed has long been something of a white whale for the Sonic modding community on PC — the Unleashed Project and several related mods have long existed to port most of the game’s highlight content (Daytime stages, which inspired all future Boost formula gameplay) into the original PC port of Sonic Generations. Until Xbox Series S/X Backwards Compatibility and FPS Boost capabilities were added, modding Generations PC was the only way to play these levels at a silky-smooth 60 FPS, since the original PS360 hardware could often dip below 30 FPS trying to run Unleashed‘s massive levels flush with graphical flourishes like full Global Illumination (though pre-baked rather than today’s modern RTGI).
In more recent years, progress on Xbox 360 and PlayStation 3 emulation through Xenia and RPCS3 has also progressed significantly, providing a venue through which players could play the full game on PC, albeit with a performance loss compared to Generations modding thanks to emulation overhead.
But finally, fans of Sonic Unleashed can enjoy the game in a form truly unleashed for modern platforms thanks to Unleashed Recompiled, which uses recompilation tools built on top of Xenia’s emulation progress, now refined fully into a much easier-to-run PC port. The PC port adds all the staple features one would expect, including uncapped resolution support and proper graphics settings. There are even some nifty extras, like a “Music Attenuation” feature that automatically mutes in-game music whenever you’re playing audio off a music player. You can also raise the FPS cap above 60 FPS, but due to the physics issues introduced by doing this, I highly recommend employing the use of Lossless Scaling or your GPU’s own universal Frame Generation solution to play above 60 FPS, instead.
Of course, those hoping to play with Unleashed Recompiled or wanting to make their own Xbox 360 recompilations will need to legally secure their own copies of the Xbox 360 titles, DLC, etc, as with any emulation-adjacent project. But compared to having to play these games on consoles — particularly considering the fact that Unleashed Recompiled even supports fully-blown graphics and gameplay mods like Foreign Input System and Improved Progression via the HedgeModManager — the best choice for playing Xbox 360 games is now more obvious than ever.
Welcome to PC, Sonic Unleashed — we’ve been waiting for you.
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Private lunar lander Blue Ghost aces moon touchdown with a special delivery for NASA
Private lunar lander Blue Ghost aces moon touchdown with a special delivery for NASA
CAPE CANAVERAL, Fla. (AP) — A private lunar lander carrying a drill, vacuum and other experiments for NASA touched down on the moon Sunday, the latest in a string of companies looking to kickstart business on Earth’s celestial neighbor ahead of astronaut missions.
Firefly Aerospace’s Blue Ghost lander descended from lunar orbit on autopilot, aiming for the slopes of an ancient volcanic dome in an impact basin on the moon’s northeastern edge of the near side.
Confirmation of successful touchdown came from the company’s Mission Control outside Austin, Texas, following the action some 225,000 miles (360,000 kilometers) away.
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“You all stuck the landing. We’re on the moon,” Firefly’s Will Coogan, chief engineer for the lander, reported.
An upright and stable landing makes Firefly — a startup founded a decade ago — the first private outfit to put a spacecraft on the moon without crashing or falling over. Even countries have faltered, with only five claiming success: Russia, the U.S., China, India and Japan.
A half hour after landing, Blue Ghost started to send back pictures from the surface, the first one a selfie somewhat obscured by the sun’s glare. The second shot included the home planet, a blue dot glimmering in the blackness of space.
Two other companies’ landers are hot on Blue Ghost’s heels, with the next one expected to join it on the moon later this week.
Blue Ghost — named after a rare U.S. species of fireflies — had its size and shape going for it. The squat four-legged lander stands 6-foot-6 (2 meters) tall and 11 feet (3.5 meters) wide, providing extra stability, according to the company.
Launched in mid-January from Florida, the lander carried 10 experiments to the moon for NASA. The space agency paid $101 million for the delivery, plus $44 million for the science and tech on board. It’s the third mission under NASA’s commercial lunar delivery program, intended to ignite a lunar economy of competing private businesses while scouting around before astronauts show up later this decade.
Firefly’s Ray Allensworth said the lander skipped over hazards including boulders to land safely. Allensworth said the team continued to analyze the data to figure out the lander’s exact position, but all indications suggest it landed within the 328-foot (100-meter) target zone in Mare Crisium.
The demos should get two weeks of run time, before lunar daytime ends and the lander shuts down.
It carried a vacuum to ***** up moon dirt for analysis and a drill to measure temperature as deep as 10 feet (3 meters) below the surface. Also on board: a device for eliminating abrasive lunar dust — a scourge for NASA’s long-ago Apollo moonwalkers, who got it caked all over their spacesuits and equipment.
On its way to the moon, Blue Ghost beamed back exquisite pictures of the home planet. The lander continued to stun once in orbit around the moon, with detailed shots of the moon’s gray pockmarked surface. At the same time, an on-board receiver tracked and acquired signals from the U.S. GPS and European Galileo constellations, an encouraging step forward in navigation for future explorers.
The landing set the stage for a fresh crush of visitors angling for a piece of lunar business.
Another lander — a tall and skinny 15-footer (4 meters tall) built and operated by Houston-based Intuitive Machines — is due to land on the moon Thursday. It’s aiming for the bottom of the moon, just 100 miles (160 kilometers) from the south pole. That’s closer to the pole than the company got last year with its first lander, which broke a leg and tipped over.
Despite the tumble, Intuitive Machines’ lander put the U.S. back on the moon for the first time since NASA astronauts closed out the Apollo program in 1972.
A third lander from the Japanese company ispace is still three months from landing. It shared a rocket ride with Blue Ghost from Cape Canaveral on Jan. 15, taking a longer, windier route. Like Intuitive Machines, ispace is also attempting to land on the moon for the second time. Its first lander crashed in 2023.
The moon is littered with wreckage not only from ispace, but dozens of other failed attempts over the decades.
NASA wants to keep up a pace of two private lunar landers a year, realizing some missions will fail, said the space agency’s top science officer Nicky Fox.
“It really does open up a whole new way for us to get more science to space and to the moon,” Fox said.
Unlike NASA’s successful Apollo moon landings that had billions of dollars behind them and ace astronauts at the helm, private companies operate on a limited budget with robotic craft that must land on their own, said Firefly CEO Jason Kim.
Kim said everything went like clockwork.
“We got some moon dust on our boots,” Kim said.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
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*** and France to work on Ukraine peace plan, Starmer says – BBC.com
*** and France to work on Ukraine peace plan, Starmer says – BBC.com
*** and France to work on Ukraine peace plan, Starmer says BBC.com’I’m clear Trump wants lasting peace,’ says PM BBC.comA good rapport but mixed signals on Ukraine: Takeaways from Keir Starmer’s trip to Washington The Associated PressVideo: Trump asks *** Prime Minister if they can take on Russia by themselves CNNAfter the Trump-Starmer meeting: What lies ahead for Europe and the ***? The Hill
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Girl, 4, dies after suspected arson attack at house
Girl, 4, dies after suspected arson attack at house
BBC
A four-year-old girl has died in a house fire following a suspected arson attack, police have said.
The child was found seriously injured by firefighters tackling the blaze in Gateshead Close, Manchester, at about 12:30 GMT.
She was taken to hospital where she was later pronounced dead.
A 44-year-old woman, who was known to the child, has since been arrested on suspicion of arson with intent to endanger life.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.
You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X to get the latest alerts.
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REVIEW: ****** Swan State Theatre’s August: Osage County opens at Heath Ledger Theatre for Perth Festival
REVIEW: ****** Swan State Theatre’s August: Osage County opens at Heath Ledger Theatre for Perth Festival
August: Osage Country is as scorching hot as the northern hemisphere summer in which the play takes place.
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Firefly’s Blue Ghost lander successfully touched down on the moon
Firefly’s Blue Ghost lander successfully touched down on the moon
Firefly Aerospace’s first attempt at landing on the moon was a success. The company, which is working with NASA under the agency’s , announced early Sunday morning that its Blue Ghost lander softly touched down on the moon, and it’s upright and communicating with the team back home. Blue Ghost landed at 3:34AM ET in a region known as Mare Crisium. While Firefly’s lander isn’t the first commercial spacecraft to land on the moon, it is the first to land properly — Intuitive Machines’ Odysseus last year after a faster-than-planned descent.
Blue Ghost and the NASA instruments it’s carrying are expected to remain in operation for about 14 Earth days. After that, lunar night will begin. If all goes as planned, the lander will capture images in the leadup to lunar night and a few hours after darkness falls, getting high-definition imagery of a total eclipse, the lunar sunset and other moments to document the behaviour of levitating lunar dust. NASA is also testing instruments that can drill and collect samples from the surface.
Firefly’s Blue Ghost Mission 1 launched on January 15 and reached lunar orbit about a month later. The team says it’s already sent over 27 GB of data back to Earth from its journey. “Just through transit to the Moon, Firefly’s mission has already delivered the most science data to date for the NASA CLPS initiative,” Shea Ferring, Firefly’s Chief Technology Officer, said in a statement, noting that the hardest part of the mission is over. On X, the company shared a photo showing the lander’s shadow on the surface of the moon following its successful touchdown, and joked, “The lander saw her shadow, 2 more weeks of ops!”
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