Why stock market is down after Trump tariff pause
The excitement over a pause of President Trump's reciprocal tariffs, which drove the markets up, did not carry over to the next day. Kelly O'Grady explains.
Watch CBS News
The excitement over a pause of President Trump's reciprocal tariffs, which drove the markets up, did not carry over to the next day. Kelly O'Grady explains.
The name wasn't meant to be a political statement, but a symbol of the local community's connection to the environment.
President Trump signed an executive order aimed at raising water pressure in showers. "CBS Evening News" co-anchors John Dickerson and Maurice DuBois have more.
Louisiana resident Adam Petersen was ahead of the curve when he named his Cajun charter fishing boat company "Gulf of America Outfitters." Three years later, he says business is booming. Mark Strassmann reports.
President Trump may have imposed a 90-day pause on many of his new tariffs, but he did not pause the ones on China. In fact, he pushed them even higher. Those triple-digit tariffs are already starting to take a toll on thousands of U.S. businesses that import goods from America's third-largest trading partner. Nancy Cordes reports. Then, "CBS Evening News" co-anchor John Dickerson speaks to a Chicago Fed official about businesses facing uncertainty.
The uncertainty of the trade war is rattling financial markets and businesses across the country. "CBS Evening News" co-anchor John Dickerson spoke to Austan Goolsbee, president of the Federal Reserve Bank of Chicago, about anxieties he's witnessed in the region.
The White House said its tariffs on China now total 145%. Zongyuan Zoe Liu, Maurice R. Greenberg senior fellow for China studies, joins "The Daily Report" to discuss how this trade war affected U.S.-Chinese relations.
Some of America's biggest cities that export goods to neighboring countries, like Mexico and Canada, are concerned about what President Trump's new tariffs mean for their local economies. San Antonio Mayor Ron Nirenberg joins "The Daily Report" to discuss.
One day after a historic rally on Wall Street, the markets were back in the red on Thursday. The sell-off wiped out some of Wednesday's gains and the market volatility comes as investors remain cautious about the future of global trade. CBS News' Kelly O'Grady and Fin Gomez have the latest details.
As the Trump administration reviews its goals and agenda in a full Cabinet meeting several members are taking a page out of the president's book and channeling reality TV in their video messaging. New York Times chief television critic James Poniewozik joins "The Daily Report" to discuss.
Finnish Foreign Affairs Minister Elina Valtonen met with Secretary of State Marco Rubio in Washington, D.C., on Thursday. Before that meeting, she sat down with CBS News chief Washington correspondent Major Garrett to discuss the state of U.S.-Finland relations.
Michigan Gov. Gretchen Whitmer's unexpected Oval Office visit on Wednesday has angered some Democrats and earned her praise from President Trump. Political strategists Ofirah Yheskel and Kevin Sheridan join "America Decides" with analysis.
The House narrowly passed a budget blueprint on Thursday that includes cuts to taxes and spending, a big step toward eventually approving President Trump's economic agenda. CBS News congressional correspondent Nikole Killion explains what happens now that the plan has passed.
President Trump's tariffs are likely to impact the production and sales of electric vehicles. Albert Gore III, executive director of the Zero Emission Transportation Association, joins "America Decides" to examine the state of the EV industry.
The stock market slid Thursday, even as the White House said dozens of countries were coming to the table to talk about tariffs. President Trump acknowledged that there would be what he calls "transition problems" with his economic policies. CBS News' Kelly O'Grady and Willie James Inman report.
President Trump on Wednesday announced a baseline tariff of 10% on all countries, with additional reciprocal tariffs for some. Maurice DuBois anchored CBS News' special report.
Stock markets slumped on Thursday, erasing much of the previous day's gains as investors continue to navigate President Trump's tariff strategy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
President Trump has lost his bid to end the so-called Central Park Five's defamation lawsuit against him, a Pennsylvania federal judge ruled.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
The markets are still digesting President Trump's pause on tariffs. There was an initial positive response among investors, but market volatility remains amid uncertainty over Mr. Trump's next moves. Akin Oyedele, a deputy editor at Business Insider, joins CBS News with more.
Hundreds of international students and recent graduates are at risk of deportation as the Trump administration cracks down on student visas. Len Saunders, an immigration attorney, joins CBS News with more details.
The Dow Jones is back in the red Thursday after Wednesday's big gains in the wake of President Trump's pause of "reciprocal" tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports on what's causing the continued volatility and CBS News White House reporter Willie James Inman has more on the Trump administration.
Florida's attorney general said Ryan Routh will face additional state terrorism and attempted murder charges.
President Trump commented on new Consumer Price Index data for March after holding his Cabinet meeting at the White House. CBS News' Nancy Cordes breaks down some of his remarks.
U.S. ambassador to Ukraine Bridget Brink is planning to resign from her post early, sources tell CBS News. CBS News correspondent Shanelle Kaul has more.