Stock market plunges for second straight day after Trump's tariff announcement

Apr 8: CBS News 24/7, 10am ET

Stocks rebounding after wild day on Wall Street; Supreme Court lifted a federal judge's order that blocked the Trump administration from using the Alien Enemies Act to deport migrants to El Salvador.

CBS News - 1d

Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble

The president’s aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.

The New York Times - 5d

Global stocks plummet as Trump offers no respite from tariffs

Asian and European indices and US futures fall in wake of worst week for Wall Street equities since pandemic

Financial Times - 2d

Tech stocks whipsaw in volatile trading session as Trump stands by tariffs

Shares of Apple, Microsoft and Tesla moved further down on Monday, but Alphabet, Amazon, Meta and Nvidia started to regain lost ground from last week.

CNBC - 2d

Musk, Navarro tangle on tariffs

Tech billionaire and close Trump ally Elon Musk tangled with the president's trade advisor Peter Navarro on tariffs over the weekend, as the administration’s new import taxes have roiled the stock ...

The Hill - 2d

Market craters; Trump says 'don’t be weak'

It’s Monday. I am still not over last night’s finale of “The White Lotus.” Don’t worry, I won’t include any spoilers! But email me your thoughts if you’ve seen it. In today's issue: THE FIRST 100 ...

The Hill - 2d

The Memo: Trump under pressure on tariffs as Dow sinks again

The Dow Jones Industrial Average fell yet again on Monday, keeping President Trump under pressure over the tariff policy that has roiled the world since it was announced last Wednesday. Trump ...

The Hill - 1d

Trump Says Tariffs Will Stay Until Trade Deficit Disappears

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

The New York Times - 2d

CEOs Cry Foul Over Trump’s Tariffs: ‘This Is Not What We Voted For’

As markets whipsaw and recession fears grow, businesses small and large are on edge amid tariff-induced uncertainty.

Inc. - 2d

China says it will 'fight to the end' after Trump threatens 50% additional tariffs

Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday, if Beijing does not withdraw the 34% tariff it imposed on U.S. products last week.

CNBC - 1d

Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoil

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.

NBC News - 8h

Joe Rogan, Dave Portnoy among the Trump backers now questioning his tariff policies

As President Donald Trump’s tariffs roil global markets, some of the thought leaders and influential podcasters who backed the Republican’s campaign are voicing doubts

ABC News - 8h

China and Europe Retaliate as Trump’s Tariffs Kick in

China announced a tariff hike on U.S. imports to 84 percent from 34 percent, while the EU said it would impose 25 percent tariffs on a range of U.S. imports.

Inc. - 4h

Trump caused the stock market crash — Democrats must hold his feet to the fire

We’ve never before had a president so intent on simultaneously undoing our form of government and the infrastructure of our economic life.

The Hill - 1d

4/8: The Daily Report

Lindsey Reiser reports on another day of volatility in the markets as President Trump's tariffs get ready to take effect, a roof collapse at a nightclub in the Dominican Republic that killed dozens ...

CBS News - 7h

US stocks soar as Donald Trump backs down in global trade war

Washington scraps most tariffs against countries that have not retaliated but increases levies on China

Financial Times - 1h

Live updates: Trump defends tariffs; Billionaire Trump endorser calls for trade war time-out

Vulnerable House Republicans are on defense amid the fallout from President Trump’s sweeping global tariffs, which have stoked uncertainty about the economy. Markets took a nosedive Thursday ...

The Hill - 2d

4/7: CBS Morning News

U.S. stock futures trending down amid tariff anxiety; Second child dies from measles-related causes in Texas.

CBS News - 2d

Trump shows no signs of backing off tariffs

The White House showed no signs Monday of backing off its implementation of sweeping tariffs on dozens of other nations, even as its approach rattled financial markets and raised the specter of an ...

The Hill - 2d

JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent

Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.

Inc. - 5d

Are Trump's tariffs negotiable or here to stay? Amid confusion, he says can be both.

For days, Trump officials have offered conflicting statements on whether countries can do anything to save themselves from the severe tariffs.

ABC News - 1d

Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday's pop

The Nasdaq had its second-best day on record on Wednesday, the kind of rally the market only sees during the worst of times.

CNBC - 48m

Trump officials vow to stay the course on tariffs despite market turmoil

Treasury secretary rejects recession fears and says tough ‘reciprocal’ levies will not be delayed

Financial Times - 2d

FirstFT: Global market rout over Trump tariffs continues

Also in today’s newsletter, UK to water down private equity rules and Marine Le Pen denounces “witch-hunt”

Financial Times - 2d

FirstFT: Global market rout deepens as Trump’s ‘reciprocal’ tariffs kick in

Also in today’s newsletter, Musk calls Navarro a ‘moron’, and the hedge fund caught off guard by the sell-off

Financial Times - 11h

India’s Millions of New Investors Are Reeling From Tariff Turmoil

Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.

The New York Times - 10h

As Trump’s Sweeping Tariffs Kick in, Officials Signal Openness to Talks

President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.

The New York Times - 2h

How much do stocks have to drop before trading is halted? The details on market 'circuit breakers'

When stock prices and stock futures fall rapidly in a single session, exchanges implement halts in trading to allow a moment for cooler heads to prevail.

CNBC - 2d

‘Liberation Day’ Was Messy, but Trump’s Tariffs Can Still Work

It’s a matter of timing and communication.

The New York Times - 1d

Stocks Are Making Wild Swings Amid the Damage From Trump’s Trade War

The S&P 500 dropped 4.7 percent after the start of trading, surged 3.4 percent before reverting to a drop of 1.3 percent.

Inc. - 2d

What Is a Bear Market? Are We in One?

A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.

The New York Times - 2d

Tech’s Trump ties are starting to burn

Big tech bet on Trump – now tariffs are tanking stocks, IPOs are stalling, and Musk’s role in Washington may be ending. Hello, and welcome to TechScape. It’s been a busy week in tech news: Donald ...

The Guardian - 1d

Olivier winner John Lithgow attacks Trump’s second presidency as ‘a disaster’ for US arts

Speaking after his best actor victory, Lithgow said Donald Trump’s administration ‘has done some shocking, destructive things’ especially its takeover of the Kennedy Center. The actor John Lithgow ...

The Guardian - 2d

Media Outlets Face Fallout from Dubious 90-Day Tariff Pause Report

The report, that President Trump was considering a pause on his expansive tariffs, spread on social media and was amplified by CNBC and Reuters. The White House called the claim “fake news.”

The New York Times - 2d

GOP glum as Trump tariffs loom

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story GOP mood grows darker on as markets give up gains Glimmers of optimism ...

The Hill - 21h

Trump plans to fine migrants $998 a day for failing to leave after deportation order

The fines stem from a 1996 law that was enforced for the first time in 2018, during President Donald Trump’s first term in office.

NBC News - 1d

Reeling From Trump’s Tariffs, South Korea Tries Striking a Delicate Balance

As its trade negotiators headed to Washington for talks, South Korea announced measures to support the country’s carmakers who were badly hit by the levies announced by President Trump.

The New York Times - 15h