naked NEWS – Sarah Harlow In News off the Top – Monday July 28, 2025

Transcript:

I’m Sarah Harlow, and I’d like to welcome you all to Naked News. We’ve got plenty to get to today, so let’s dive right into the headlines!

The U.S. and the E.U. have reached a “framework” TRADE AGREEMENT. This just days ahead of Donald Trump’s August one deadline. E.U. leaders still have to approve the deal, but here’s the gist: Most E.U. goods will be subject to a fifteen percent U.S. tariff, totaling about ninety billion dollars in revenue. The E.U. will also increase spending on American energy by seven hundred and fifty billion dollars, AND boost investment in the US by six hundred billion. That’s a big deal!

In related news, some of that tariff money MIGHT just end up in Americans’ bank accounts! Donald Trump revealed that, while paying down the thirty-six-trillion-dollar-plus federal debt is a priority, the administration is also considering handing out Tariff rebate checks to Americans. Trump didn’t provide specifics about how much of the expected three hundred billion dollars a year in tariffs might be earmarked for sharing but he did say the possible rebate would just be for people “of a certain income level”.

Speaking of money, get ready for one of the year’s busiest weeks for the stock market! Over THIRTY percent of the companies in the S&P index will be posting their quarterly results this week. That includes four of the “Magnificent Seven” – Meta, Microsoft, Apple, and Amazon! This week ALSO sees the Fed’s announcement on interest rates, several major employment- and inflation-related reports as well as G.D.P. growth estimate for the country. Not only that but this Friday is the August 1st deadline for countries to agree on a trade deal with the U.S. or face stiff tariffs.

Get ready for a bumpy ride! That’s your first look at today’s Naked News. Don’t go away!

#stock market, #European Union, #tariffs, #trade war

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