US-EU Trade Deal Concerns; Trump Responds to Powell Report

On today's podcast: 1) The European Union prepares for the worst as it races to secure a trade deal with the US. European Union and US negotiators are heading into another week of intensive talks to clinch a trade deal by Aug. 1, when US President Trump has threatened to hit most EU exports with 30% tariffs. 2) Microsoft rushes to fix a widespread cyberattack on its server software. Microsoft's server software was exploited by unidentified hackers, with analysts warning of widespread cybersecurity breaches across the globe. Silas Cutler, a researcher at Censys, said "It's a dream for ransomware operators, and a lot of attackers are going to be working this weekend as well," regarding the breach. 3) President Trump pushes back at a report that he got advice not to fire Fed Chair Jay Powell. The president took to social media to criticize a Wall Street Journal article that reported his Treasury Secretary Scott Bessent advised against firing Powell. Trump insisted that he didn't need Bessent's advice. See omnystudio.com/listener for privacy information.