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Linda McMahon Was Questioned About WWE in Previous Connecticut Education Role
Linda McMahon, whose résumé mainly rests on running World Wrestling Entertainment, has faced questions for years over whether she is suitable for important education posts.Appointees to the State Board of Education usually sail through the confirmation process in Connecticut’s House of Representatives, but a 2009 choice, Linda E. McMahon, drew intense pushback.Andrew Fleischmann, who then chaired the House Education Committee, remembers being offended by her selection and leading the opposition.“She had no involvement whatsoever in education,” Mr. Fleischmann, a Democrat, said in a recent interview. “She’s made tens or hundreds of millions of dollars pushing violence and sexualization of young women. She was a real force for doing ill to kids in our country.”Ms. McMahon’s company, World Wrestling Entertainment, was criticized for promoting violence, steroid use and sexualized content. In the early 2000s, Ms. McMahon would go so far as to engage in the W.W.E.’s theatrics herself. She kicked her husband, Vince McMahon, the company’s co-founder, in the groin in one routine. In another, she appeared to slap her daughter, Stephanie, and knock her to the floor.After a contentious floor debate, the House voted to approve Ms. McMahon by a vote of 96-45, an unusual split for a minor appointment in Connecticut.Ms. McMahon may soon face another confirmation, this time as President-elect Donald J. Trump’s nominee for Secretary of Education.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Mexico’s President and Trump Describe a Positive Talk but Differ on Migration Details
Mexico’s president, Claudia Sheinbaum, spoke to President-elect Donald J. Trump on Wednesday afternoon, and both later characterized their discussion as positive while providing different descriptions of what Mexico is doing to stave off a potential tariff war.While Mr. Trump posted on social media that Mexico had agreed to stop migration to the United States through Mexico, “effectively closing our Southern Border,” Ms. Sheinbaum limited her description of the migration-related issues they had discussed to migrant caravans no longer reaching the border with the United States.Still, Ms. Sheinbaum, who earlier in the day had made clear that Mexico would impose retaliatory tariffs in response to similar measures threatened by Mr. Trump, seemed to ease tensions by saying the exchange was “excellent.”“I had an excellent conversation with President Donald Trump,” she wrote on social media. “We addressed Mexico’s strategy regarding the migration phenomenon, and I shared that caravans are no longer reaching the northern border as they are being addressed within Mexico.”That update from Ms. Sheinbaum came after Mr. Trump jolted trade relations with Mexico by saying earlier in the week that he would impose a 25 percent tariff on all goods from the country unless Mexican authorities stopped migrants and drugs, such as fentanyl, from coming across the border. The proposed move raised concerns over the potential impact on Mexico’s economy, which relies on trade with the United States.Mr. Trump also posted on social media about the conversation with Ms. Sheinbaum, calling it “wonderful” and “productive.”“She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border,” Mr. Trump said, though Ms. Sheinbaum referred only to the caravans. “We also talked about what can be done to stop the massive drug inflow into the United States, and also, U.S. consumption of these drugs,” he added.Ms. Sheinbaum said earlier on Wednesday, “If there are U.S. tariffs, Mexico would also raise tariffs” — making clear her stance on Mexico’s potential response.Senior officials in her government and leading figures in Mexico’s governing party, Morena, also expressed support for retaliatory tariffs. Mexico’s economy minister, Marcelo Ebrard, said that about 400,000 jobs could be lost in the United States if Mr. Trump imposed the tariffs, calling the measure a “shot in the foot” while speaking alongside Ms. Sheinbaum at a morning news conference.Mexico’s president did not refer to tariffs, or trade tensions in general, in her post about her conversation with Mr. Trump. Instead, she said she and Mr. Trump had “discussed strengthening collaboration on security issues within the framework of our sovereignty and the campaign we are conducting in Mexico to prevent fentanyl consumption.” More
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Mark Zuckerberg Meets With Trump at Mar-a-Lago
Mark Zuckerberg met on Wednesday with President-elect Donald J. Trump in a rare face-to-face encounter, the latest attempt by the Meta chief executive to establish a positive rapport with Mr. Trump.The meeting, confirmed by three people with knowledge of the matter, was initiated by Mr. Zuckerberg, who has had a strained relationship with Mr. Trump over the past decade. Mr. Trump, who has long maintained that Meta has unfairly restrained him and other conservatives across its social media apps, has lobbed broadsides against Mr. Zuckerberg on social media and during stump speeches.Mr. Zuckerberg flew into West Palm Beach, Fla., on Tuesday evening before joining Mr. Trump at his hotel and club, Mar-a-Lago, on Wednesday, according to the people, who spoke on the condition of anonymity because they were not authorized to discuss the meeting. The two men largely exchanged pleasantries, with Mr. Zuckerberg congratulating Mr. Trump on winning the presidency.After the early afternoon meeting, Mr. Trump and Mr. Zuckerberg planned to have dinner at Mr. Trump’s hotel later that evening, the people said.“It’s an important time for the future of American innovation,” a Meta representative said in a statement. “Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming administration.”But Mr. Zuckerberg’s overtures come as the chief executive seeks to insulate Meta — which owns Facebook, Instagram and WhatsApp — from any potential blowback from the incoming administration. Meta has long been a target of conservatives in Washington; some in Congress have called for reining in what they see as censorship of conservative viewpoints. And Mr. Trump has personally called for Mr. Zuckerberg to be jailed in retaliation for “plotting against” him during the 2020 election.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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‘Excelente’: así fue la llamada de Sheinbaum y Trump tras la discusión arancelaria
La presidenta de México dijo que habló con el presidente electo de EE. UU. sobre temas como migración y seguridad.La presidenta de México, Claudia Sheinbaum, dijo el miércoles por la tarde que tuvo una “excelente conversación” con el presidente electo Donald Trump, aliviando las tensiones pocas horas después de dejar claro que México impondría aranceles de represalia en respuesta a medidas similares anunciadas por Trump.“Tuve una excelente conversación con el presidente Donald Trump”, escribió Sheinbaum en redes sociales. “Abordamos la estrategia mexicana sobre el fenómeno de la migración y compartí que no están llegando caravanas a la frontera norte, porque son atendidas en México”.La actualización de Sheinbaum se produce después de que Trump sacudió las relaciones comerciales con México al decir a principios de esta semana que impondría un arancel de 25 por ciento a todos los productos procedentes del país si las autoridades mexicanas no detenían a los migrantes y las drogas, como el fentanilo, que cruzan la frontera. La medida suscitó preocupación por el posible impacto en la economía de México, que depende del comercio con Estados Unidos.Trump también publicó en las redes sociales sobre la conversación con Sheinbaum, calificándola de “maravillosa” y “productiva.”“Ella ha accedido detener la migración a través de México, y hacia Estados Unidos, cerrando efectivamente nuestra frontera sur”, dijo Trump, aunque Sheinbaum se refirió solo a que las caravanas de migrantes ya no llegan a la frontera con Estados Unidos. “También hablamos de lo que se puede hacer para detener la entrada masiva de drogas a Estados Unidos, y también, el consumo estadounidense de estas drogas”, agregó.Sheinbaum dijo previamente el miércoles: “si llega a haber aranceles, México también subiría aranceles”, dejando clara su postura sobre la posible respuesta de México.Altos funcionarios de su gobierno y figuras destacadas del partido gobernante de México, Morena, también expresaron su apoyo a los aranceles de represalia. El secretario de Economía de México, Marcelo Ebrard, dijo que se podrían perder alrededor de 400.000 empleos en Estados Unidos si Donald Trump impone los aranceles, calificando la medida como un “tiro en el pie”, al participar junto a Sheinbaum en una conferencia de prensa matutina.La presidenta de México no se refirió a los aranceles, ni a las tensiones comerciales en general, en su mensaje sobre su conversación con Trump. En cambio, dijo que ella y Trump también “hablamos de reforzar la colaboración en temas de seguridad en el marco de nuestra soberanía y de la campaña que estamos realizando en el país para prevenir el consumo de fentanilo”. More
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Inflation Concerns Loom as Trumponomics Revs Up
Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.Progress on tamping down inflation has stalled in recent months. Will today’s data show more of the same?David Zalubowski/Associated PressTrump puts inflation on the agenda The inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts.An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. It’s the Fed’s preferred inflation gauge and one of the last big data releases of the year that the central bank will consider as it ponders when to lower borrowing costs further. (Next week’s jobs report is another.)Donald Trump’s latest trade threats show how uncertain the outlook could be. Since the president-elect this week vowed to impose tariffs on Canada, China and Mexico — the United States’ three biggest trade partners — analysts have been gaming out the potential impact. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates.A worst-case scenario from Deutsche Bank economists: that core P.C.E. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted. Is the tariff talk an opening salvo for trade negotiations, or a fait accompli? That uncertainty can be felt in the $28 trillion market for U.S. Treasury notes and bonds: Yields hit a four-month high this month, though they are down on Wednesday. Yields climb when prices fall, and have been especially sensitive to concerns that fiscal policy could fuel inflation.Here’s what to watch for in Wednesday’s P.C.E.:Core P.C.E., which excludes volatile food and food prices, is forecast to come in at 2.8 percent on an annualized basis. That would be 0.29 percent above September’s reading.Such a rise would represent a second straight month of inflation trending higher, putting the level further above the Fed’s 2 percent target. The report “should show another ‘bump in the road’ on the path to 2 percent inflation,” Veronica Clark, an economist at Citigroup, wrote in an investor note this week.The culprits are thought to be shelter inflation — especially house prices, with mortgage rates soaring — and used car prices, as well as higher portfolio management fees.Futures traders on Wednesday were pricing in roughly 60 percent odds of a Fed rate cut next month. But their calculations have been volatile in recent months, and a surprisingly hot number could cause a shift in thinking once again.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Trump Selects Jamieson Greer as Trade Representative
President-elect Donald J. Trump on Tuesday picked Jamieson Greer, a lawyer and former Trump official, to serve as his top trade negotiator. The position will be crucial to Mr. Trump’s plans of issuing hefty tariffs on foreign products and rewriting the rules of trade in America’s favor.Mr. Greer is a partner in international trade at the law firm King & Spalding. During Mr. Trump’s first term, Mr. Greer served as chief of staff to Robert E. Lighthizer, the trade representative at the time. He was involved in the Trump administration’s trade negotiations with China, as well as the renegotiation of the North American Free Trade Agreement with Canada and Mexico.Before that, Mr. Greer served in the Air Force, where he was a lawyer who prosecuted and defended U.S. airmen in criminal investigations. He was deployed to Iraq.“Jamieson will focus the Office of the U.S. Trade Representative on reining in the Country’s massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere,” Mr. Trump said.The position of trade representative has historically been fairly low profile, but it has taken on greater importance under Mr. Trump. In his first term, the office helped wage a trade war against China, imposed substantial tariffs on its products and negotiated a series of trade deals.In his next term, Mr. Trump has promised to again make aggressive use of the government’s authority over trade. On Monday, he said he would impose tariffs on all products coming into the United States from Canada, Mexico and China on his first day in office.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Trump’s Tariff Threat Roils Global Markets
The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners. President-elect Donald Trump’s economic policy is already roiling global markets.Brendan McDermid/ReutersThe other Trump trade Investors and policymakers are getting a dose of Trumponomics déjà vu this morning.Global stocks are falling, and the dollar is climbing. The volatility comes after President-elect Donald Trump’s vow to impose tariffs on the United States’ biggest trading partners — Canada, China and Mexico — on Day 1 in office in an apparent effort to clamp down on the flow of cross-border drugs, like fentanyl, and migrants.The latest:Trump wants to impose 25 percent tariffs on Canada and Mexico “on ALL products coming into the United States,” he said on Truth Social. He also wants an “additional” 10 percent tariff on imports from China, which Trump blames for the fentanyl crisis, a charge that Beijing has repeatedly disputed.The Canadian dollar and Mexican peso fell sharply against the dollar. Europe, Japan and South Korea weren’t even mentioned in Trump’s announcement, but stocks have fallen there, too. That suggests rising fears that a new trade war could scramble global supply chains and dent profits.Automakers are some of the hardest hit stocks, with Volkswagen, Stellantis and Nissan, which run manufacturing operations in Mexico, all down.Today’s losses have reversed some of yesterday’s “Bessent bounce” rally. Investors were relieved after Trump picked Scott Bessent, the market-friendly hedge fund mogul, to run the Treasury Department.But the reverberations show that it’s Trump calling the shots. The president-elect has made no secret of his desire to use tariffs to further his America-first agenda, and he has yet to announce his pick to be U.S. Trade Representative. (Another tariff supporter, Robert Lighthizer, is in the running.)Trump’s latest threats may be just a negotiating tactic. That’s the belief of some Trump backers, including Bill Ackman, the billionaire financier. But they are a reminder of how Trump set off alarm bells across diplomatic channels and international markets during his first term often via social media posts. “Waking up to check the tweets for any policy announcements could become the norm,” Mohit Kumar, an economist at Jefferies, wrote in a note this morning.Prime Minister Justin Trudeau of Canada spoke to Trump about trade and border security after the president-elect’s announcement, The Times reported. China pushed back. “No one will win a trade war,” a spokesman for the Chinese Embassy in Washington said in a statement.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
