Steel and aluminium products are more than tripled to 25%. Tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. The increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mrtrump clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports while ms harris has said his proposal would raise prices for the american people. Raise prices for the american eo le. . , ,. , raise prices for the american eole. . . , , people. The european union is also considering people. The european union is also considering tariffs people. The european union is also considering tariffs on also considering tariffs on china made electric vehicles and negotiations are ongoing. The block was meant to vote on the taxes earlier this week that has since been delayed. We will bring you a
Generation alright, well, jason, thank you so much. Thank you. So much for having me thanks for joining us. The news continues now here on cnn hello, and welcome to all our viewers watching around the world on a Car Lot from them Music Mogul Sean diddy combs remains behind bars after his sweeping indictment was unsealed, accusing him of Sex Trafficking. Well hear what his lawyer has to say. Plus the latest on an extraordinary attack targeting his hezbollah in lebanon thousands of pages detonating simultaneously across the country and well look at the measures springfield, ohio has been forced to take over an unfounded Conspiracy Theory driven by the Trump Campaign from Hong Kong this is cnn newsroom with Anna Coren in the coming hours of music, Mogul Sean Diddy combs returns to court to face a three Count Indictment hes now in federal custody after prosecutors alleged he ran a quote criminal enterprise built on Sex Trafficking and prostitution, among other crimes. The indictment accuse
Our time. Ai the defining technology of ourtime. Some ai the defining technology of our time. Some of the biggest names in tech are expected to use these gpus and we expect to see the technology in action later this year. Bob odonnell from Technalysis Research was at the event in sanjose, california. With all the anticipation built up for nvidias latest product, he says it wasnt your typical technology conference. The atmosphere was like a rock concert. I have not seen Something Like this in the Tech Industry in quite some time. Some people were Making Analogies to the early days of steve jobs but the buzz was in the air and the feel of the event was very much like a concert. And jensen was a rock star. He presented many times in the past but this was clearly his moment and he was soaking it up because the company is on Top Of The World right now. Everyone wants to know what are they going to do . They have a new blackwell gpu, the latest chip to accelerate ai and then, importantly, no
to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the easing of
inflation trending down. data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slightly lower, butjapanese nikkei opening slightly lower, down by about i%. in other news, sporting goods giant nike has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have beaten revenue estimates for seven straight quartrs, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. chinese authorities have released data