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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).

Dennis Donovan

The Economist - 22 weeks apart

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The Axe Rises Over Medicare and Medicaid

9 min ago - April 3, 2025 6:00 p.m. Earlier this week I noted the fact that the Center for Medicare and Medicaid Services had been oddly immune thus far to the DOGE axe, not just compared to other HHS divisions and agencies but across almost the entire federal ... (Talking Points Memo)

Mark Carney Warns 'Pain' and 'Damage' Coming for Americans

31 min ago - Published Apr 03, 2025 at 12:45 PM EDT | Updated Apr 03, 2025 at 5:39 PM EDT Canadian Prime Minister Mark Carney warned that Americans will experience "damage" and "pain," during a Thursday announcementthat his country will impose retaliatory tariffs ... (Newsweek)

Democratic group focused on downballot races hauls in $600K in first quarter

37 min ago - Thu, April 3, 2025 at 5:32 PM EDT A Democratic group focused on downballot races said Thursday that it hauled more than $600,000 in the first quarter of 2025. In a Thursday press release, the Democratic Association of Secretaries of State (DASS) said ... (Yahoo! News/The Hill)

Judge trashes Trump admin's 'Kafkaesque' legal arguments in case over 'blatantly lawless' Privacy Act violations

51 min ago - Apr 3rd, 2025, 5:19 pm A Manhattan federal court on Thursday sharply rejected the Trump administration‘s efforts to dismiss a lawsuit alleging the Department of Government Efficiency (DOGE) was responsible for a massive data breach at the Office ... (Law & Crime)

House Democrats press Bessent on IRS layoffs

1 hr ago - Thu, April 3, 2025 at 4:41 PM EDT House Democrats led by Rep. Brad Schneider (Ill.) pressed Treasury Secretary Scott Bessent on mass layoffs at the Internal Revenue Service (IRS) in a Wednesday letter requesting the Trump administration’s plan f ... (Aol/The Hill)

Display of Jewish women graduates restored after US Naval Academy says it was 'mistakenly removed'

1 hr ago - Updated 4:31 PM EDT, Thu April 3, 2025 CNN — The US Naval Academy has returned photos and memorabilia of Jewish women after they were “mistakenly removed” from a display to apparently comply with diversity, equity, and inclusion direc ... (CNN Politics)

Progressive groups: Attacks on judiciary 'unprecedented constitutional danger'

2 hrs ago - 04/03/25 4:28 PM ET More than 80 national and local progressive groups are warning that the country is facing an “unprecedented constitutional danger” over recent attacks against judges by President Trump and his backers on Capitol Hill. T ... (The Hill)

Federal workers who were fired then rehired describe uncertainty over jobs, confusing transition: "What a mess"

2 hrs ago - April 3, 2025 / 3:36 PM EDT It has been three weeks since courts ordered the Trump administration to reinstate thousands of probationary workers it terminated in a flurry of mass cuts across the federal government. Many of the workers — already ... (CBS News)

Head of National Security Agency and Cyber Command Is Ousted

5 hrs ago - No reason was given for the removal of Gen. Timothy D. Haugh, but the far-right activist Laura Loomer had called for his ouster in a meeting with President Trump, an official said. The head of the National Security Agency and U.S. Cyber Command was r ... (New York Times)

Cultural groups across U.S. told that federal humanities grants are terminated

6 hrs ago - Millions of dollars in previously awarded federal grants intended for arts and cultural groups across the country are being canceled by the Trump administration, according to a National Endowment for the Humanities (NEH) senior official who spoke on ... (NPR)

Lincoln-area gun owners tell Nebraska Supreme Court they have standing to sue city

6 hrs ago - City argues, citing lower court ruling, they have not been cited, arrested or prosecuted By: Aaron Sanderford - April 3, 2025 6:05 pm LINCOLN — The lawyer for four Lincoln-area gun owners told the Nebraska Supreme Court during oral arguments Thu ... (Nebraska Examiner)

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

7 hrs 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

7 hrs 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

8 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

9 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

9 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

10 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

10 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

10 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

11 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)