Maria Aspin
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The move could prompt retaliatory tariffs on U.S.
goods and is rattling investors around the world.
Stocks fell, the dollar weakened, and treasury yields rose.
All are signs of what's known as the sell America trade, when investors worry about the underlying strength of the United States and its standing around the world.
Maria Aspin, NPR News, New York.
Bank, Fifth Third, and other regional lenders are among the banks reporting earnings.
Their bigger rivals say customers are generally, quote, in great shape.
So investors are hoping for more signs that consumers are shrugging off inflation and job market uncertainty.
But there's another cloud hanging over lenders.
President Trump's proposed 10% cap on credit card interest rates.
And car giant Capital One will likely also weigh in as it reports earnings.
Other big companies to watch include United Airlines, Intel, which is now partly owned by the U.S.
government, and Netflix, which is fighting paramount to buy Warner Brothers.
The Senate Banking Committee was scheduled for a markup of the landmark bill, which would help bring the fast-growing crypto industry more into mainstream financial markets.
But it's been hotly contested by lawmakers and by different constituencies within the financial industry.
Traditional banks have long dominated finance, while younger crypto companies also have powerful supporters in Washington, including President Trump.
Coinbase CEO Brian Armstrong, who runs the largest U.S.