Indian tech stocks declined on Monday over concerns US President Donald Trump’s hefty fee for new H-1B visas may lead to operational difficulties for outsourcing giants. Trump slapped a $100,000 application fee on the widely used visa program, a move that would drastically increase the cost of visas heavily coveted by some of America’s largest companies seeking to bring in skilled workers from abroad. The president also unveiled a “Trump Gold Card” visa program — where for the price of $1 million, individuals could get US residency. In other news, Trump suggested that Fox Corp. Chairman Lachlan Murdoch and his father Rupert Murdoch are involved in the US takeover of the video app TikTok from its Chinese owners.
Today’s guests: Christian Keller, Barclays Head of Economics Research, Kinga Redlowska, RUSI Centre for Finance and Security Europe Head.
Chapters:
00:00:00 – The Pulse
00:01:15 – Trump’s $100,000 Visa Targets a $280 Billion India Success Story
00:03:56 – Trump’s Pricey H-1B Visas Alarm Prospects Aiming for US Jobs
00:08:21 – Trump Says Progress Made on TikTok Deal
00:11:14 – Christian Keller, Barclays Head of Economics Research
00:19:40 – UK, Canada & Australia Recognize Palestinian State
00:20:31 – Denmark Sets Plan to Recognize Palestine
00:24:16 – UN Security Council to Meet on Estonian Airspace Violation
00:31:38 – Kinga Redlowska, RUSI Centre for Finance and Security Europe Head
00:39:55 – UK Approves Second Runway at Gatwick Airport
00:46:10 – Fed Chair Jerome Powell Speaks on Tuesday
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
