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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

Risking Reprisals, Protesters in Gaza Call on Hamas to Step Aside

7 min ago - In a rare and perilous public show of anger against Hamas, hundreds of Palestinians marched through Beit Lahia in northern Gaza this week, demanding that the militant group relinquish control of the territory and end the war with Israel, according to ... (New York Times)

Tax return filings drop by nearly 1 million and extension requests rise as deadline nears

16 min ago - Published 7:00 AM EDT, Fri April 4, 2025 CNN — As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested extensions, at this point in the filing season compared to last year, a ... (CNN Politics)

In NC, votes don't matter for Dems

23 min ago - Thousands of North Carolina ballots in the 2024 election might have been counted illegally, the state Court of Appeals ruled Friday in a case that could determine the outcome of last year’s election for an open seat on the North Carolina Supreme ... (WRAL)

'He Doesn't Give a F**k': White House Official Tells Washington Post Trump Has Reached Peak 'Not Giving a F**k'

28 min ago - President Donald Trump has reached the “peak of not giving a fuck,” one White House official told The Washington Post for a lengthy report on what went on behind the scenes leading up to the president’s massive tariff announcement this ... (Mediaite.com)

Trump says 'perfect time' for Powell to cut rates as markets plummet after shocking tariff announcements

51 min ago - President Trump fired off a flurry of social media posts early Friday as he defended his controversial tariff policies, shrugged off market volatility, and pushed for more rate cuts. “This would be a PERFECT time for Fed Chairman Jerome Powell t ... (Yahoo Finance)

Trump administration violated court order by pausing FEMA grants, judge rules

52 min ago - April 4, 2025 1:48 PM EDT Updated 17 min ago April 4 (Reuters) - A federal judge ruled on Friday that Republican U.S. President Donald Trump's administration violated a court order by halting the disbursement of hundreds of millions of dollars in Fed ... (Reuters)

U.S. stocks poised for biggest two-day wipeout in history as market loses $9.6 trillion since Inauguration Day

1 hr ago - U.S. stocks have wiped out roughly $9.6 trillion in value since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data. Some $5 trillion of that figure has occ ... (Marketwatch)

Trump extends TikTok deal deadline by 75 days, touts 'tremendous progress'

1 hr ago - Apr. 4, 2025, 1:34 PM EDT President Donald Trump on Friday said that he will extend the deadline for TikTok's owner to find a non-Chinese buyer by 75 days, averting what could have been another disruption to the app. ByteDance, the Chinese company th ... (NBC News)

Republicans Turn On Each Other Over Voting Rules

1 hr ago - Published Apr 04, 2025 at 8:32 AM EDT | Updated Apr 04, 2025 at 8:34 AM EDT The debate on proxy voting continues to cause a rift among Republicans, with President Donald Trump now weighing in. Trump backed Florida Representative Anna Paulina Luna ove ... (Newsweek)

Unsanitary Practices Persist at Baby Formula Factory Whose Shutdown Led to Mass Shortages, Workers Say

2 hrs ago - Unsanitary Practices Persist at Baby Formula Factory Whose Shutdown Led to Mass Shortages, Workers Say by Heather Vogell April 4, 2025, 5 a.m. EDT ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest st ... (ProPublica)

Jerome Powell warns on Trump's tariffs: High inflation could be here to stay

2 hrs ago - Washington CNN — Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks ... (CNN)

JUST IN: Trump to Skip 'Dignified Transfer' of Four Dead Soldiers at Dover AFB to Attend LIV Golf Tournament

2 hrs ago - Apr 4th, 2025, 10:53 am President Donald Trump has decided to send his Secretary of Defense, Pete Hegseth, to Dover Air Force Base for the dignified transfer of four American soldiers killed in a training exercise in Lithuania, per reporting by Fox ... (MEDIAite)

Canceled contract means NOAA research websites slated to go dark

2 hrs ago - The early cancellation of an Amazon Web Services contract means that a slew of NOAA websites are slated to go dark beginning at midnight, sources told Axios. Why it matters: This mainly would affect NOAA's research division, and will make numerous we ... (AXIOS)

California to Negotiate Trade With Other Countries to Bypass Trump Tariffs

2 hrs ago - California Governor Gavin Newsom said he has directed his administration to "look at new opportunities to expand trade" as he tries to steer his state around President Donald Trump's sprawling import tariffs. In a post on X, Newsom addressed the U.S. ... (Newsweek)

Trump Officials Have Not Funded Radio Free Europe, Despite Court Order

2 hrs ago - Trump Officials Have Not Funded Radio Free Europe, Despite Court Order The delay in disbursement has forced the news organization, which relies almost exclusively on congressional funding, to furlough some of its staff and cut parts of its programmin ... (New York Times)

America's largest port is struggling to navigate Trump's tariffs

3 hrs ago - 04/04/2025 05:00 AM EDT LOS ANGELES — The head of America’s largest port is trying to navigate through the Trump administration’s trade war. Gene Seroka is executive director of the Port of Los Angeles, which — combined with the P ... (Politico)

As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)

4 hrs ago - Amid a market meltdown following his dramatic announcement of worldwide tariffs, Trump took the time on Thursday to show off his “Gold Card” to reporters aboard Air Force One. Wealthy immigrants can buy the card for $5 million to gain U.S. ... (Independent)

Russell Brand charged with rape and sexual assault

4 hrs ago - Russell Brand has been charged with rape, indecent assault and sexual assault between 1999 and 2005. The charges relate to four separate women. The comedian and actor has been interviewed multiple times by police since an investigation by the Sunday ... (BBC UK)

Trump says China "played it wrong" in response to his tariffs

4 hrs ago - President Donald Trump said that China “panicked” in response to his tariffs after the nation said today it will impose 34% reciprocal tariffs on imports of US goods. “CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AF ... (CNN)

'Free Le Pen!': Vance, Trump, Musk rally behind France's far-right leader

4 hrs ago - The three voiced their support for French far-right leader Marine Le Pen after she was convicted for embezzling €4.6 million in public funds and barred from running for office for five ... She was convicted on Monday of misappropriating Europea ... (France24)

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