The daily business briefing: April 19, 2017

Trump signs his "Buy American, Hire American" order, the Murdoch family's support for Bill O'Reilly erodes, and more

Demonstrators outside of the Fox News headquarters
(Image credit: Drew Angerer/Getty Images)

1. Trump orders tightening of visas for highly skilled foreign workers

President Trump signed an executive order Tuesday instructing his administration to review and tighten rules on awarding coveted H-1B visas to skilled foreign workers. The order, known in the White House as the "Buy American, Hire American" policy, addresses one of the central promises of Trump's campaign by aiming to "aggressively promote and use American-made goods and to ensure that American labor is hired to do the job," Trump said at the headquarters of toolmaker Snap-on in Wisconsin. "We're going to do everything in our power to make sure more products are stamped with those wonderful words 'Made in the USA.'" Trump also called for government procurement changes increasing purchases of U.S. products under government contracts.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.