Cabot Phillips

Seven Republicans have already joined a number of Democrats in endorsing that measure, including Chuck Grassley, Mitch McConnell and Tom Tillis. President Trump, for his part, threatened to veto the legislation if it's passed. All right, Kevin, thanks for reporting. My pleasure.

Seven Republicans have already joined a number of Democrats in endorsing that measure, including Chuck Grassley, Mitch McConnell and Tom Tillis. President Trump, for his part, threatened to veto the legislation if it's passed. All right, Kevin, thanks for reporting. My pleasure.

Despite Trump's executive orders against males in women's sports, many trans-identifying males are still being allowed to play and win against women.

Despite Trump's executive orders against males in women's sports, many trans-identifying males are still being allowed to play and win against women.

The Dow fell another 1,300 points when the markets opened today, only to rebound amid rumors of a tariff pause and then fall again once those rumors turned out to be just rumors. Ultimately, by midday, the Dow was down nearly 1,000 points, while the S&P fell near bear market territory and made ongoing threats of retaliatory measures from China and others.

The Dow fell another 1,300 points when the markets opened today, only to rebound amid rumors of a tariff pause and then fall again once those rumors turned out to be just rumors. Ultimately, by midday, the Dow was down nearly 1,000 points, while the S&P fell near bear market territory and made ongoing threats of retaliatory measures from China and others.

The EU did, however, extend an olive branch of sorts, offering a zero-for-zero trade deal with the U.S. after President Trump imposed steep tariffs on European imports. EU Commission President Ursula von der Leyen did however caution that they were ready to strike back.

The EU did, however, extend an olive branch of sorts, offering a zero-for-zero trade deal with the U.S. after President Trump imposed steep tariffs on European imports. EU Commission President Ursula von der Leyen did however caution that they were ready to strike back.

Meanwhile, in an effort to bring Beijing to the bargaining table, Trump is threatening additional 50% tariff hikes on China if they do not back down on their 34% rate against US goods.

Meanwhile, in an effort to bring Beijing to the bargaining table, Trump is threatening additional 50% tariff hikes on China if they do not back down on their 34% rate against US goods.

Well, it's more bad news on that front. In the 48 hours following Trump's Rose Garden announcement, more than $6 trillion was wiped off the stock market. The Dow Jones saw its worst 48-hour period since COVID lockdowns in 2020, plunging more than 3,900 points, while the S&P 500 fell another 6% Friday. when 486 of its 500 stocks lost value. Zooming out, the S&P is down 17% since February.

Well, it's more bad news on that front. In the 48 hours following Trump's Rose Garden announcement, more than $6 trillion was wiped off the stock market. The Dow Jones saw its worst 48-hour period since COVID lockdowns in 2020, plunging more than 3,900 points, while the S&P 500 fell another 6% Friday. when 486 of its 500 stocks lost value. Zooming out, the S&P is down 17% since February.

The Dow is down 14%. JP Morgan now says there is a 60% chance of a global recession by year's end due to what they call, quote, disruptive U.S. policies. But for his part, President Trump took a rosier outlook, saying Friday, quote, this is a great time to get rich. Yeah, how has the president and his administration responded to all this turmoil?

The Dow is down 14%. JP Morgan now says there is a 60% chance of a global recession by year's end due to what they call, quote, disruptive U.S. policies. But for his part, President Trump took a rosier outlook, saying Friday, quote, this is a great time to get rich. Yeah, how has the president and his administration responded to all this turmoil?

So it's worth noting they've been saying all along that there would be some disruptions from the start. Remember, President Trump said prices would temporarily go up after Liberation Day. He compared the tariffs to a surgical procedure that took some recovery time. In a Truth Social post over the weekend, he said, quote, this is an economic revolution and we will win. Hang tough.

So it's worth noting they've been saying all along that there would be some disruptions from the start. Remember, President Trump said prices would temporarily go up after Liberation Day. He compared the tariffs to a surgical procedure that took some recovery time. In a Truth Social post over the weekend, he said, quote, this is an economic revolution and we will win. Hang tough.

It won't be easy, but the end result will be historic. Now, more broadly, the White House argues the stock market is not indicative of overall economic health and that the vast majority of Americans care more about high-paying jobs and affordable goods than a booming stock portfolio.

It won't be easy, but the end result will be historic. Now, more broadly, the White House argues the stock market is not indicative of overall economic health and that the vast majority of Americans care more about high-paying jobs and affordable goods than a booming stock portfolio.

Here's Treasury Secretary Scott Besson on Tucker Carlson making the case that middle and lower class Americans benefit far less from the market.

Here's Treasury Secretary Scott Besson on Tucker Carlson making the case that middle and lower class Americans benefit far less from the market.