Stocks Fall Around the World as Trump Tariffs Loom

Rep. Robert Garcia launched an investigation into Los Angeles County's emergency alert system following faulty wireless alerts during deadly fires, seeking information from various agencies. The erroneous alerts caused confusion and distress, leading to calls for reforms and better communication procedures. As a result, L.A. County suspended its contract with Genasys and switched to a different system for future emergency alerts. Full Article

A newly formed outside group, the Patient First Coalition (PFC), is launching a massive grassroots effort to support Robert F. Kennedy Jr.'s confirmation as Trump's Health and Human Services secretary, targeting undecided Republican senators. Kennedy faced heated Senate confirmation hearings last week over his controversial views on vaccines and health. PFC plans to mobilize supporters through media interviews and outreach, focusing initially on senators in Louisiana, Maine, Alaska, Kentucky, and North Carolina. Full Article

President Trump announced a one-month delay on implementing tariffs on Mexico, sparking speculation among Wall Street economists about the longevity of the proposed tariffs on Mexico and Canada. Claudio Irigoyen of Bank of America believes the tariffs are a negotiating tactic to increase US leverage in trade agreements, with others like Jan Hatzius of Goldman Sachs predicting the tariffs will be short-lived. Tom Lee of Fundstrat suggests that the markets are overreacting and that resolving...

Sen. Elizabeth Warren sent a letter to Treasury Secretary Scott Bessent demanding answers for granting access to the federal payments system to Elon Musk's Department of Government Efficiency, sparking outrage among Democrats over potential control of government spending. Musk's allies gained access as Treasury employees but have yet to gain operational abilities, with Musk accusing career officials of fraudulent payments without evidence. The Treasury Department has not commented on the matter, leading to concerns about...

U.S. Secretary of State Marco Rubio observed a deportation flight transporting 43 migrants departing from Panama, showcasing the Trump administration's emphasis on preventing individuals from reaching the U.S. This action reflects the administration's strategy to deter migration by swiftly deporting those attempting to enter the country. Rubio's presence at the flight highlights the government's commitment to enforcing strict immigration policies and securing U.S. borders. Full Article

President Trump discussed recent tariffs on Canadian, Chinese, and Mexican imports, accusing China of "running the Panama Canal" during a gaggle with reporters at Joint Base Andrews. Trump's announcement to cut off all foreign aid to South Africa due to alleged land confiscation and human rights violations sparked a strong reaction from the South African presidency and commentators. South African President Cyril Ramaphosa denied land confiscation claims and expressed willingness to engage with the Trump...