QtrendsTrump is quietly rebuilding his tariff engine with new tariffs targeting 59 countries and the EU, after legal roadblocks halted his initial approach. The NBA Finals between the Knicks and Spurs are driving record ticket prices and sportsbook losses. Stock markets face pressure from rising oil prices and bond yields, with the S&P 500's 9-day win streak under threat. Scott Pelley's firing from CBS's '60 Minutes' has sparked debate over media control in the Trump era. The IEA warns global oil stockpiles could fall to critical levels by summer as Hormuz remains closed.
The Trump administration is revamping its tariff approach after initial legal roadblocks halted earlier efforts. New tariffs target 59 countries and the European Union, with specific changes to steel, aluminum and copper tariffs. Additional tariffs have been announced over forced labour concerns, signaling a broad escalation of trade policy. CNN, AP News, BBC and the New York Times all report on the administration's renewed push.
The NBA Finals between the New York Knicks and San Antonio Spurs are generating unprecedented ticket demand, with nosebleed seats reportedly costing up to $4,000. Sportsbooks DraftKings and FanDuel are expected to lose money regardless of the outcome. For Knicks owner James Dolan, a championship victory could finally quiet persistent fan criticism.
US stock markets are under pressure as rising oil prices and bond yields weigh on investor sentiment. The S&P 500's 9-day winning streak is under threat in late trading. AT&T shares hit an 8-month low amid growing concerns over SpaceX's competitive threat. Exxon Mobil, GameStop and Palo Alto Networks are among stocks making notable moves.
Longtime CBS News correspondent Scott Pelley has been fired from '60 Minutes' following a clash with management. The dismissal has raised unresolved questions about the leadership and direction of the iconic news program. NPR and the New York Times frame the firing as part of a broader battle for media control in the Trump era.
The IEA warns that global oil stockpiles could fall to critical levels by summer, with Gulf supply unlikely to recover quickly even if a peace deal is reached. China's inventories are now beginning to decline. The Dow fell 400 points as oil prices and bond yields rose. Markets are watching the Hormuz closure closely as oil tanks empty each week.