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Zorro

Trump says things are 'going very well' after worst stock market drop in years over tariffs

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, "I think it's going very well." "The markets are going to boom, the stock is going to boom, the country is going to boom," he said when asked about the market as he left the White House to fly to one of his Florida golf clubs. The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Rep ...

BumRushDaShow

Trump administration is months away from direct payments to farmers, agriculture secretary says

April 3, 2025 12:24 PM EDT Updated 5 hours ago April 3 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday the Trump administration is "months away" from making a decision about whether to make payments to farmers to offset any impact from tariffs. President Donald Trump on Wednesday announced sweeping tariffs that were mostly criticized by farm and food groups for their potential to shrink markets for farmers and raise prices for consumers. Rollins h ...

LetMyPeopleVote

Senate confirms Mehmet Oz to lead Medicaid and Medicare

Dr. Mehmet Oz, a television personality and failed U.S. Senate candidate, was confirmed Thursday as administrator of the Centers for Medicare and Medicaid Services in a largely bipartisan vote. The Senate confirmed Oz in a party line vote of 53-45. At least one Republican changed their mind on Oz this week. Sen. Josh Hawley of Missouri, who had publicly opposed Oz’s nomination, said Monday that he would back the doctor after being reassured that Oz “now disavows his previous support for trans ...

BumRushDaShow

'We're All Dead': GOP Senator Reacts To Trump Tariffs

Apr 3, 2025, 02:55 PM EDT Sen. John Kennedy (R-La.) wasn’t concerned enough about President Donald Trump’s steep international tariffs to vote against them Wednesday — like some of his GOP colleagues — but did scold staunch supporters of the policy with a dire warning to multiple outlets. “In the long run, we’re all dead,” he told CNN’s Manu Raju on Capitol Hill for “The Lead with Jake Tapper” on Wednesday. “Short run matters, too. Nobody knows what the impact of these tariffs is going to be ...

MayReasonRule

Judge Boasberg says he's contemplating 'contempt proceedings' over Trump deportations

Nearly three weeks after President Donald Trump invoked the Alien Enemies Act to remove more than 200 alleged migrant gang members to El Salvador with little-to-no due process, a federal judge on Thursday is considering whether the Trump administration defied his court order by deporting the men. U.S. District Judge James Boasberg said at a hearing Thursday that he is contemplating initiating "contempt proceedings" against the government in the event he finds probable cause they delib ...

BumRushDaShow

Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks

(Bloomberg) Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession. Few stocks in the US were unscathed with the biggest ETF tracking the S&P 500 on pace for its biggest decline since 2022. More than 90% of companies in the S&P 500 were trading lower at 8 a.m. in New York, with over half of its 500 stocks down at least 2% in premarket trading.

Dennis Donovan

Trump's tariffs to lift companies' costs and hurt exports

(Reuters) Businesses around the globe on Thursday faced up to a future of higher prices, trade turmoil and reduced access to the world's largest market after U.S. President Donald Trump confirmed their worst fears by instituting broad tariffs worldwide. Trump ramped up his trade war with tariff rates from 10% to nearly 50%. He says the levies will bring jobs back to the United States - but company executives were focused on possibly raising prices, reducing shipments, or cutting back investment activity outright.

Yo_Mama_Been_Loggin

Trump's first 50 days mark one of the worst starts for the S&P 500 under any presidency

(Yahoo Finance) The Trump 2.0 stock market is off to one of the worst starts of any presidency since 1950. New data crunched by SunDial Capital Research strategist Jason Goepfert on Wednesday shows the market's response to President Trump since the inauguration is among the bottom of all presidents since 1950. In the first 50 trading sessions since Inauguration Day, the S&P 500 (^GSPC) has dropped about 6.4%. The only two worse starts were Richard Nixon's first 50 days (-7.2%) and George W. Bush's (-13.6%).

dalton99a

DOGE drove layoff announcements to their third-highest-ever level in March

(CNN) More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday. The biggest culprit was one particular employer: The federal government. The federal government announced plans to axe 216,215 jobs, accounting for nearly 80% of the 275,240 layoffs announcements made by US employers in March, according to Challenger Gray & Christmas’ latest report. It’s the third-highest monthly total behind April 2020 (671,129) and May 2020 (397,016).

Latest Breaking News

Lithuanians bid farewell to 4 US soldiers who died during training exercise

52 min ago - Thousands of people have turned out to bid farewell to four American soldiers who died during a training exercise in the Baltic nation By LIUDAS DAPKUS Associated Press April 3, 2025, VILNIUS, Lithuania -- Lithuania's political and religious leader ... (abc news)

Constitutional Court upholds Yoon's impeachment, removes him from office

1 hr ago - The Constitutional Court upheld the impeachment of President Yoon Suk Yeol on Friday, removing him from office over his short-lived imposition of martial law in December. The verdict, which was read by acting court chief Moon Hyung-bae and televised ... (Yonhap News)

Your Next iPhone Could Cost $2,300--But Oil Prices Might Stay Stuck

2 hrs ago - Your Next iPhone Could Cost $2,300—But Oil Prices Might Stay Stuck https://oilprice.com/Latest-Energy-News/World-News/Your-Next-iPhone-Could-Cost-2300But-Oil-Prices-Might-Stay-Stuck.html By Tom Kool - Apr 03, 2025, 12:41 PM CDT President Trump&# ... (oilprice.com)

Elon Musk's platform X faces over $1 billion fine from EU regulators - NYT

3 hrs ago - European Union regulators are contemplating imposing a fine exceeding $1 billion on X, the social media platform owned by Elon Musk, as they assess the potential repercussions of further upsetting Mr. Musk and President Trump. This information comes ... (Investing.com)

Trump plans to freeze $510 million for Brown University

3 hrs ago - Updated on: April 3, 2025 / 6:56 PM EDT Washington — The Trump administration plans to freeze $510 million in federal grants to Brown University while it reviews the school's response to antisemitism and its efforts to eliminate diversity polici ... (CBS News)

Trump sued over China tariffs

3 hrs ago - President Trump was sued Thursday over the 20 percent tariffs he imposed on Chinese goods in the weeks leading up to Wednesday’s broader announcement. It marks the first known legal challenge against Trump’s tariffs, which have fulfilled a ... (The Hill)

'We're All Dead': GOP Senator Reacts To Trump Tariffs

4 hrs ago - Apr 3, 2025, 02:55 PM EDT Sen. John Kennedy (R-La.) wasn’t concerned enough about President Donald Trump’s steep international tariffs to vote against them Wednesday — like some of his GOP colleagues — but did scold staunch suppor ... (Huff Post)

Trump, Elon Musk protests: Florida has 45 in one day, including some near Mar-a-Lago

4 hrs ago - Thu, April 3, 2025 at 12:54 PM EDT President Donald Trump heads back home the same weekend as nationwide protests are planned against him and Elon Musk − including some down the road from his private club, Mar-a-Lago, in Palm Beach, Florida. Ac ... (Yahoo! News/The Palm Beach Post)

States sue to block Trump's election order, saying it violates the Constitution

5 hrs ago - Updated 6:38 PM EDT, April 3, 2025 WASHINGTON (AP) — Democratic officials in 19 states filed a lawsuit Thursday against President Donald Trump’s attempt to reshape elections across the U.S., calling it an unconstitutional invasion of states ... (AP)

Trump says things are 'going very well' after worst stock market drop in years over tariffs

5 hrs ago - President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, "I think it's going very well." "The markets are going to boom, the stock is going to boom, the country is going to boom," he s ... (AP via Yahoo Finance)

'Blowing up the world trading system': Conservative WSJ editors turn on Trump

5 hrs ago - April 3, 2025 4:54PM ET President Donald Trump's new, sweeping regime of tariffs on imported goods from essentially the entire world is meant to build up American manufacturing, but the president will swiftly discover that it will have the opposite e ... (Raw Story)

Federal judge temporarily pauses RFK Jr. effort to rescind billions of public health funds

6 hrs ago - 04/03/25 5:12 PM ET A federal judge granted a temporary restraining order Thursday that stops the Trump administration from pulling back more than $11 billion in public health funding from state and local health departments. Judge Mary McElroy of th ... (The Hill)

High just got higher: Trump tariffs to raise prices for US cannabis users

6 hrs ago - -snip- Sweeping tariffs imposed by U.S. President Donald Trump on Wednesday are set to increase prices of cannabis products in the country, as many firms rely on Asia for manufacturing. The latest levies will stack up on any duties imposed earlier on ... (Reuters)

On top of layoffs, HHS ordered to cut 35% of spending on contracts

6 hrs ago - The Trump administration is requiring the Department of Health and Human Services to cut spending on contracts by 35%, HHS spokesperson Andrew Nixon confirmed to NPR. The spending cut is across all divisions of HHS – which includes the Centers f ... (NPR)

Trump administration is months away from direct payments to farmers, agriculture secretary says

6 hrs ago - April 3, 2025 12:24 PM EDT Updated 5 hours ago April 3 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday the Trump administration is "months away" from making a decision about whether to make payments to farmers to of ... (Reuters)

Storms kill 6 in the South and Midwest as forecasters warn of catastrophic rains, floods this week

6 hrs ago - By ADRIAN SAINZ, GEORGE WALKER IV and JOHN SEEWER Updated 3:10 PM CDT, April 3, 2025 LAKE CITY, Ark. (AP) — Tornadoes and violent winds flattened homes and ripped apart buildings from Oklahoma to Indiana in the first round of lingering storms th ... (AP)

Danish PM tells US 'you cannot annex another country' on visit to Greenland

6 hrs ago - Thu 3 Apr 2025 14.15 EDT First published on Thu 3 Apr 2025 09.29 EDT The Danish prime minister has put on a show of unity with Greenlandic leaders in her first visit to the Arctic island since Donald Trump’s renewed threats to acquire the territ ... (The Guardian)

Senate confirms Mehmet Oz to lead Medicaid and Medicare

7 hrs ago - Dr. Mehmet Oz, a television personality and failed U.S. Senate candidate, was confirmed Thursday as administrator of the Centers for Medicare and Medicaid Services in a largely bipartisan vote. The Senate confirmed Oz in a party line vote of 53-45. A ... (NBC)

Gov. Tim Walz Tears Into Trump's 'Stuck in the '80s' Trade War

7 hrs ago - Apr 3, 2025, 02:22 PM EDT Minnesota Gov. Tim Walz (D) blasted President Donald Trump over his newly-announced tariffs, calling his economic approach outdated and damaging. Appearing on MSNBC’s “All In With Chris Hayes” Wednesday, the f ... (Huff Post)

Judge Boasberg says he's contemplating 'contempt proceedings' over Trump deportations

7 hrs ago - Nearly three weeks after President Donald Trump invoked the Alien Enemies Act to remove more than 200 alleged migrant gang members to El Salvador with little-to-no due process, a federal judge on Thursday is considering whether the Trump administrati ... (ABC News via yahoo!News)

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