Inside the IRS’s plans to share highly confidential taxpayer data with ICE

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• 00:04

  Good morning. It's Tuesday, July 29th.

• 00:08

  I'm Shemitah Basu.

• 00:09

  This is Apple News Today.

• 00:11

  On today's show, inside the data deal between the IRS and ICE,

• 00:16

  allegations of a car company's dark history in the Amazon and the priest who brought it to light,

• 00:23

  and the first state to introduce health warnings for social media.

• 00:33

  But first, it's a critical week for the U.S. economy.

• 00:37

  A flood of economic data is coming.

• 00:39

  New consumer confidence and spending figures,

• 00:42

  major reports on GDP, inflation data, corporate earnings,

• 00:46

  and a new jobs report will offer a glimpse into the state of the labor market.

• 00:51

  Bloomberg's Sean Donnan told us these will provide a clearer picture of the impact of President Trump's sweeping tariffs,

• 00:57

  which he started to ramp up in earnest back in April.

• 01:01

  One of the things we're looking for there is are we seeing companies continue to hire,

• 01:08

  particularly in the private sector, or as a lot of economists have warned,

• 01:12

  are they just going to be kind of sitting on hiring decisions because of all the uncertainty that's created in the economy by these tariffs.

• 01:20

  And it'll be a big week for policy decisions.

• 01:23

  The Federal Reserve will announce its next interest rate decision tomorrow.

• 01:27

  Trump will be closely watching.

• 01:28

  He's expressed frustration that Fed Chair Jerome Powell hasn't lowered rates and has repeatedly threatened to fire Powell,

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