S&P Futures are moving lower as markets are awaiting President Trump’s tariff announcement which is expected to occur at 4:00 pm. He may also be announcing his TikTok decision. Tesla is scheduled to release its Q1 delivery data today. Walmart is said to be continue to put pressure on Chinese suppliers despite a plea from China’s government. Key economic reports due out today include the ADP Employment report & Factory Orders. Goldman Sachs lowering its forecast for end-2025 two- and 10-year U.S. Treasury yields. NCNO is lower after earnings miss last night. RH is schedule to release after the bell today.
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JACK POSOBIEC and RICH BARIS: America’s addicted to foreign goods, and it’s hurting us
“The political class gave the country a bunch of drugs and got people addicted to these drugs. Was it good for them in the long run? No, it wasn’t.”
Europeans discover that Democracy takes a backseat when courts override voters
Right wingers around the globe now argue that liberal elites in ivory towers are undermining democracy by using the judiciary as a political weapon.
Authorities suspect anarchist motive behind Rome Tesla dealership fire that destroyed 17 vehicles
“Elements prosecutors are examining lead us to think it’s rather likely there’s an anarchist-antagonist matrix.”
NewsWare’s Trade Talk: Tuesday, April 1
S&P Futures are displaying weakness this morning as the markets continue to await clarity on the tariff situation. U.S. auto manufactures are making a push to exclude certain car components from tariffs. President Trump is expected to sign Executive Orders today related to national security and economic policy. There is a press conference today at noon. Key economic reports due out today on the ISM Manufacturing and JOLT’s data. A Texas court rejected JNJ use of Chapter 11 for its talc cancer fund. PVH and PRGS are higher this morning after earnings releases.
JACK POSOBIEC and KENNY CODY: ‘We are creating the next great American generation’
“We honor our past, we honor our heritage, but at the same time, we actually have to deliver for the future.”
Right-wing, nationalist candidate takes the lead in Romania’s presidential election: poll
Alliance for Uniting Romanians leader George Simion received 35 percent.
JACK POSOBIEC and LT. COL. SCHAFFER: Trump is negotiating directly with Putin because the U.S. has been at war with Russia
“The US role in this is larger than anyone has officially confirmed up until this point.”
NewsWare’s Trade Talk; Monday, March 31
S&P Futures are continuing to move lower this morning as the markets prepare for Trump’s tariff announcement on Wednesday. Multiple reports came out over the weekend indicating that the tariff announcement may be harsher than initially anticipated. The S&P is down over 5% on the year. Over the weekend, President Trump indicated more tariffs on Russian oil if a deal is not reached to end their war with Ukraine. He also issued a threat to bomb Iran if an agreement is not made on its nuclear program. Employment data will also be in focus this week, on Friday the Non-Farms payrolls report is scheduled for release. After the bell today, PRGS and PVH are scheduled to report earnings.
Keir Starmer objects to ‘two tier’ sentencing that would see white men serve longer prison terms than women, ethnic minorities
PM Keir Starmer signaled he is willing to change the law if needed after an independent judicial body refused to back down from implementing the new rules.