Luke Vargas

Checking in on what those tariffs have meant for stock markets this morning, shares in Japan and Korea slid ahead of the close, with European shares also broadly lower in midday trading. But most surprising is a sell-off in the usual safe haven U.S. Treasuries, which has been gathering steam. Instead of rising in response to the stock market sell-off, prices of long-term U.S.

Checking in on what those tariffs have meant for stock markets this morning, shares in Japan and Korea slid ahead of the close, with European shares also broadly lower in midday trading. But most surprising is a sell-off in the usual safe haven U.S. Treasuries, which has been gathering steam. Instead of rising in response to the stock market sell-off, prices of long-term U.S.

debt are falling, driving bond yields higher. Markets reporter Chelsea Delaney says the trade turmoil is making investors reconsider their U.S. investments.

debt are falling, driving bond yields higher. Markets reporter Chelsea Delaney says the trade turmoil is making investors reconsider their U.S. investments.

The investor nervousness around holding treasuries has kicked up a notch ahead of government auctions of 10-year notes today and 30-year bonds tomorrow. Coming up, we've got the rest of the day's headlines, including a big IMF bailout for Argentina and a White House led effort to boost American coal. Those stories and more after the break.

The investor nervousness around holding treasuries has kicked up a notch ahead of government auctions of 10-year notes today and 30-year bonds tomorrow. Coming up, we've got the rest of the day's headlines, including a big IMF bailout for Argentina and a White House led effort to boost American coal. Those stories and more after the break.

The International Monetary Fund has agreed to provide Argentina with a new $20 billion loan, which, if approved, would boost President Javier Millet's free market overhaul. The U.S. is the biggest shareholder of the IMF, with the Trump administration holding significant influence over the approval of new financing programs.

The International Monetary Fund has agreed to provide Argentina with a new $20 billion loan, which, if approved, would boost President Javier Millet's free market overhaul. The U.S. is the biggest shareholder of the IMF, with the Trump administration holding significant influence over the approval of new financing programs.

Millet has praised Trump and drawn close to Elon Musk while moving to align Argentina's foreign policy with Washington. Argentina is the country most in debt to the IMF, and the new loan would be on top of a current $40 billion bailout Argentina received following the 2018 financial crisis.

Millet has praised Trump and drawn close to Elon Musk while moving to align Argentina's foreign policy with Washington. Argentina is the country most in debt to the IMF, and the new loan would be on top of a current $40 billion bailout Argentina received following the 2018 financial crisis.

President Trump has signed a series of executive orders aimed at expanding the production and use of coal in the U.S. after years of decline.

President Trump has signed a series of executive orders aimed at expanding the production and use of coal in the U.S. after years of decline.

Analysts and executives say it's unlikely new coal plants will be built in the U.S., though some operators may delay plans to wind down existing plants if Trump rolls back certain environmental regulations. Energy experts say any boost for coal is likely to be temporary, as renewables like wind and solar farms and gas-fired power plants are significantly cheaper alternatives.

Analysts and executives say it's unlikely new coal plants will be built in the U.S., though some operators may delay plans to wind down existing plants if Trump rolls back certain environmental regulations. Energy experts say any boost for coal is likely to be temporary, as renewables like wind and solar farms and gas-fired power plants are significantly cheaper alternatives.

Meanwhile, the Trump administration has frozen more than a billion dollars in federal funding for Cornell University and $790 million for Northwestern University.

Meanwhile, the Trump administration has frozen more than a billion dollars in federal funding for Cornell University and $790 million for Northwestern University.

That is according to a Trump administration official and comes as the federal government is investigating both schools for alleged civil rights violations, part of a rapidly expanding crackdown on elite research universities across the U.S.,

That is according to a Trump administration official and comes as the federal government is investigating both schools for alleged civil rights violations, part of a rapidly expanding crackdown on elite research universities across the U.S.,

A Northwestern University spokesman said the school hasn't received any official notification about the freeze, while the president of Cornell said in a letter that the university hadn't received information confirming the $1 billion figure, but had received more than 75 stop-work orders from the Department of Defense related to national defense, cybersecurity, and health research.

A Northwestern University spokesman said the school hasn't received any official notification about the freeze, while the president of Cornell said in a letter that the university hadn't received information confirming the $1 billion figure, but had received more than 75 stop-work orders from the Department of Defense related to national defense, cybersecurity, and health research.