Bloomberg Money Minute: White House Auto Trade Rules and Inspire Brands IPO

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17 segments

0:00

This is the Bloomberg Money Minute. The White House is considering tougher

0:03

trade rules that would make it more expensive to import cars into the U.S..

0:07

Sources tell Bloomberg the Trump administration has discussed requiring

0:11

vehicle imports to have a minimum amount of parts made in the U.S..

0:15

Another option would limit the ability of automakers to lower their tariff

0:18

rates under the U.S. Mexico-canada free trade agreement.

0:22

No comment from the White House. Turning to Wall Street action, stock

0:25

futures are under pressure this morning after a turbulent weekend in the Middle

0:29

East. Peace talks between Washington and Iran

0:31

thrown into uncertainty. On Friday, the Dow soared 869 points to

0:36

wrap up the session. And the owner of Duncan, an Arby's is

0:40

one step closer to becoming a public company.

0:42

Sources tell us the banks have been picked to work on the initial public

0:46

offering of Inspire brands. Jp morgan Chase and Bank of America are

0:50

said to be among the financial firms that have been selected for the listing

0:54

inspires. Other brands include Sonic and Buffalo

0:57

Wild Wings. Courtney Donohoe Bloomberg.

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This Bloomberg Money Minute report highlights potential new trade restrictions being considered by the Trump administration on vehicle imports, discusses market volatility following geopolitical tensions in the Middle East, and notes that Inspire Brands, parent company of Arby's, Sonic, and Buffalo Wild Wings, has selected banks for its upcoming IPO.