Supreme Court Rulings on Presidential Authority

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Learn more at csodD. com slash human AI This podcast is supported by Raymond James, a financial firm offering wealth management, banking, and capital market services that are inspired by people Before Raymond James' financial advisors build plans, they build relationships so they can craft individual strategies designed to achieve priorities and pursue what's possible power of personal Disclosures at to Raymondjames. com Raymond James and Associates Inc, member NYS E SIPC what the latest round of data coming out of China means for us here in the US Welcrom Marketplace in Washington, I'm Kimberly Adams. The Chinese government released new data on its factory activity today, reporting it increased slightly in June, driven mostly by exports and demand tied to artificial intelligence For more on this, I'm joined by Prianka Kishore, founder and principal economist at Asia Decoded, an independent macro consonsultancy firm She joins me from Singapore, good morning Good morning, Kimberly, Great to join you What of these latest numbers tell us about how China's economy is doing So this is the PMI data and it showed an improvement in June over May led by a new expor orders. That is optimistic, but I don't think overall it actually impacts the Q two outlook to a significant degree. Canue to expect a slowdown in Q two GDP growth from Q one given the plunge in investments and the slowdown in fiscal spending from the government Why would there be a slowdown for folks who aren't familiar with sort of what's going on there? In the second quarter, what we have seen is actually not the available of funds, but it's the drawdown of funds by local governments that has slowed down, which probably has resulted in some of the decline in the infrastructure spending that we have seen How much does the ebs and flows of Chinese manufacturing sort of affect everyday consumers, say here in the United States At this point of time, China is the leading exporter in the world, and though the US is erecting a tariff ball, against China, it continues to be an important export destination for the economy and to that extent, how Chinese manufacturing evolves just gives an idea of to what extent imports will shape up in the US economy riiana Kishhore is founder and principal economist at Asia Decoded, joining me from Singapore. 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We don't get burnt by AI that misses what matters most Humans Cornerstone We build a eye that elevates people that identifies the skills you need next, brings learning into how you work and connects your hidden talent to new opportunities. so you can lead your people and your business with confidence Because the future doesn't belong to organizations with the most AI, it belongs to the ones who know how to use AI to make people better cornerstone human to the exponential power of AI. Learn more at csO. com slash human AI at cs o d. com slash human AI As you've likely heard by now, yesterday, the Supreme Court allowed Federal Reserve Governor Lisa Cook to keep her job for now. But in another case, Trump vers. sllaughter, the court gave the president broader authority to fire other federal officials Here with more on what this means going forward is Sarah Binder. She's a senior fellow at the Brookings Institution. Good morning. Good morning Does this ruling fit in with the court's opinion in Trump v. Cook because It feels like The court is saying that the president has the power to fire all sorts of federal regulators, but the Federal Reserve is special. Why That's a core sort of odd part of what happened when the court released two decisions on the same day The sllaughter case says a constitutional provision. You can't, right? It's like a categorical rule. Presidents can fire agency officials at will But the Cook case, a court majority, carved out an exception for the Federal Reserve only for the Federal Reserve It said, in essence This agency the central bank is so important