Dow plunges as China hit with 34 percent tariffs
The Dow drops about 5 percent and the S&P 500 falls 6 percent as Beijing fires back with matching 34 percent tariffs on U S products, deepening fears of a global recession and marked by a weak jobs report. The Nasdaq also tumbles over 20 percent below its December peak. Leaders weigh rate cuts and the path ahead amid market turmoil.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Covid
China
Donald Trump
U.S
Commerce Ministry
Beijing
United States
Rick Rieder
BlackRock
Judge orders return of mistakenly deported man to U S
Federal Judge Paula Xinis ordered the Trump administration to seek El Salvador’s cooperation to release Kilmar Abrego Garcia and return him to the United States by 11:59 p.m. Monday after officials deported him despite an immigration judge’s order. The husband of a U S citizen, Abrego Garcia faces potential threats in El Salvador and prison there, while his lawyers seek a swift, safe return.
MENTIONED IN THIS ARTICLE
Trump
el Salvador
U.S
Paula Xinis
Maryland
Kilmar Abrego Garcia
United States
Abrego Garcia
Floods and Tornadoes Plague South Midwest Killing Children
Torrential rains and flash flooding battered the Midwest and South on Friday as a boy died in Kentucky while walking to a school bus amid floodwaters. Tornadoes earlier in the week destroyed neighborhoods and killed at least seven. towns like Hopkinsville and Owensboro faced extensive inundation. Authorities warned of more storms, with satellite views showing clustered thunderstorms across Arkansas Tennessee and Kentucky.
MENTIONED IN THIS ARTICLE
Hopkinsville
Midwest
Kentucky
U.S
Arkansas
Tennessee
National Weather Prediction Center
Maryland
Frankfort
Andy Beshear
Gabriel Andrews
Nashville
Christian County
Jerry Gilliam
Tony Kirves
Texas
Missouri
National Weather Service
Indiana
TikTok deal pause amid tariff moves and executive action
Across several items the report notes President Trump will sign an order to extend TikTok operations in the U.S. for 75 days while negotiations aim to spin off the app into a U.S. based company with majority American ownership. Beijing reportedly halted the framework after tariffs were announced. The roundup also covers IRS layoffs, NSA leadership change, foreign student policy worries, Ukrainian civilian toll from Kryvyi Rih strike, and a four space tourist mission ending with a Pacific splashdown.
MENTIONED IN THIS ARTICLE
West Palm Beach
Fla
Donald Trump
TikTok
U.S
White House
China
ByteDance
Beijing
Trump
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Associated Press
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Jerome Powell
Powell
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Annex Wealth Management
Anthony Matesic
New York Stock Exchange
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City of
Owensboro
Ohio River
Smothers Park
The
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IRS
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Internal Revenue Service
Washington Post
Elon Musk
U.S. Doge Service
General
NSA
Washington
National Security Agency
Congress
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Air Force
Tim Haugh
Department of Homeland Security
Ukraine
Kyiv
Russia
Kryvyi Rih
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Serhii Lysak
Zelenskyy
Earth
Poles
Cape Canaveral
Pacific
Bitcoin
Chun Wang
Wang
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