Brooke Sutherland
@blsuth.bsky.social
Boston bureau chief. Covering all things industrial in my weekly newsletter. Sign up here: bloom.bg/2HKYqBP
Companies are already flip-flopping export-oriented supply chains out of the US, raising the risk tariffs force manufacturers to isolate America in the same way they did China. It's the latest reminder tariffs have unintended effects.
My newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
My newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
America-First Tariffs May Fuel America-Alone Supply Chains
Amid Trump's tariff plans, manufacturers including Rockwell Automation and Snap-on are considering flip-flopping production to bypass the US for goods heading to other markets.
www.bloomberg.com
February 19, 2025 at 3:21 PM
Companies are already flip-flopping export-oriented supply chains out of the US, raising the risk tariffs force manufacturers to isolate America in the same way they did China. It's the latest reminder tariffs have unintended effects.
My newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
My newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
DOGE claimed to have wrought $8 billion in savings by killing one contract. Except it was worth $8 million, not $8 billion.
For context, ICE's total annual budget is about $9 billion.
www.bloomberg.com/news/article... via @bloomberg.com
For context, ICE's total annual budget is about $9 billion.
www.bloomberg.com/news/article... via @bloomberg.com
DOGE Says It’s Saved $55 Billion; Data Show Much Less
The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
www.bloomberg.com
February 19, 2025 at 3:15 PM
DOGE claimed to have wrought $8 billion in savings by killing one contract. Except it was worth $8 million, not $8 billion.
For context, ICE's total annual budget is about $9 billion.
www.bloomberg.com/news/article... via @bloomberg.com
For context, ICE's total annual budget is about $9 billion.
www.bloomberg.com/news/article... via @bloomberg.com
Reposted by Brooke Sutherland
🚨BIG SCOOP: Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets
Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information.
🎁 www.bloomberg.com/news/article...
Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information.
🎁 www.bloomberg.com/news/article...
Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets
Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information.
www.bloomberg.com
February 7, 2025 at 7:44 PM
🚨BIG SCOOP: Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets
Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information.
🎁 www.bloomberg.com/news/article...
Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information.
🎁 www.bloomberg.com/news/article...
The thing about the conglomerate model is that it works until it doesn’t. And once investors decide it’s no longer working, it can be incredibly difficult to change that narrative. And so Honeywell is joining the breakup craze. This week's newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
The Conglomerate Model Works Very Well – Until It Doesn't
Honeywell is the latest conglomerate to break up. But for all the bashing of the model, the general idea — namely stability through diversification — still persists.
www.bloomberg.com
February 7, 2025 at 8:14 PM
The thing about the conglomerate model is that it works until it doesn’t. And once investors decide it’s no longer working, it can be incredibly difficult to change that narrative. And so Honeywell is joining the breakup craze. This week's newsletter: www.bloomberg.com/news/newslet... @bloomberg.com
It's anyone's guess what Trump's ultimate plan is for tariffs but manufacturers are planning to respond with price increases — including on heaters and air conditioners. This week's newsletter: www.bloomberg.com/news/newslet... via @bloomberg.com
Trump Tariff Playbook Starts With Price Increases for Manufacturers
If Trump follows through on tariffs for Mexican imports, industrial supply chains will be hit hard and companies will look to pass on that extra cost.
www.bloomberg.com
January 31, 2025 at 4:56 PM
It's anyone's guess what Trump's ultimate plan is for tariffs but manufacturers are planning to respond with price increases — including on heaters and air conditioners. This week's newsletter: www.bloomberg.com/news/newslet... via @bloomberg.com
“If you're a defense contractor whose name doesn't end in X, you're probably worried — for good reason," says Rep. Seth Moulton. The more isolationist and penny-pinching America that Trump envisions will pose challenges for defense contractors. www.bloomberg.com/news/newslet... @bloomberg.com
US Military Giants Brace for Return of Trump 'Chaos Factor’
A more isolationist and penny-pinching America raises challenges for the business of bullets, bombs and fighter jets.
www.bloomberg.com
November 22, 2024 at 6:27 PM
“If you're a defense contractor whose name doesn't end in X, you're probably worried — for good reason," says Rep. Seth Moulton. The more isolationist and penny-pinching America that Trump envisions will pose challenges for defense contractors. www.bloomberg.com/news/newslet... @bloomberg.com
Elon Musk and Vivek Ramaswamy are going to find it harder than they think to cut spending and regulations by firing federal workers, says @byjustinfox.bsky.social via @opinion.bsky.social
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Who Are These Federal Workers Trump Wants to Fire?
The civilian workforce has barely grown in recent decades, is scattered across the country and accounts for a small fraction of US spending.
www.bloomberg.com
November 22, 2024 at 6:25 PM
Elon Musk and Vivek Ramaswamy are going to find it harder than they think to cut spending and regulations by firing federal workers, says @byjustinfox.bsky.social via @opinion.bsky.social
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Brooke Sutherland
Republicans may end up cutting the consumer EV tax credit but saving the manufacturing credits tied to jobs in their districts — in other words: ‘What do we want? No EVs! Where should we build them? Here!’
@opinion.bsky.social
www.bloomberg.com/opinion/arti...
@opinion.bsky.social
www.bloomberg.com/opinion/arti...
Musk Is Short-Circuiting the EV Revolution He Sparked
Ending support for EVs will slow to a crawl the energy transition in the US and hand the global market to China.
www.bloomberg.com
November 18, 2024 at 2:20 PM
Republicans may end up cutting the consumer EV tax credit but saving the manufacturing credits tied to jobs in their districts — in other words: ‘What do we want? No EVs! Where should we build them? Here!’
@opinion.bsky.social
www.bloomberg.com/opinion/arti...
@opinion.bsky.social
www.bloomberg.com/opinion/arti...
“Nobody knows what’s going to happen. We can project, but the projection isn’t so comforting.” CEOs are preparing for a repeat of the chaotic, transactional governance of Trump's first term. www.bloomberg.com/news/article... @bloomberg.com
CEOs Brace for the Chaos of Another Four Years of Trump
The return of trade wars and governance-by-tweet.
www.bloomberg.com
November 15, 2024 at 6:20 PM
“Nobody knows what’s going to happen. We can project, but the projection isn’t so comforting.” CEOs are preparing for a repeat of the chaotic, transactional governance of Trump's first term. www.bloomberg.com/news/article... @bloomberg.com