Trump Trade War & Defunding the Ivy League | 4.8.25
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What are the key highlights of Trump's trade policies?
stocks slow their fall as President Trump stands firm in his tariff and trade plan.
We're going to have one shot at this, and no other president's going to do this.
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, April 8th, and this is Morning Wire. The Trump administration pulls billions of dollars in federal funding from Ivy League colleges over their handling of anti-Semitism.
Harvard has $50 billion sitting on it. If any university can survive four years of having its funding with help from the federal government, it's Harvard.
And female athletes across the country take a knee rather than face off against men allowed to play in women's sports.
This is not a moment. It is a movement of truth and bravery that has begun.
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
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President Trump is holding firm on his unprecedented tariff policy as market swing and trade partners look to make a deal.
Daily Wire senior editor Cabot Phillips is here to break down what it means for the economy and the consumer at home. Hey, Cabot, so the market turmoil continuing to dominate the global conversation. We discussed this Monday, new developments since then. What's the latest? Yeah, the roller coaster continued Monday as uncertainty remained over how long those tariffs will stay in place and what they'll mean for the cost of goods. Stocks in Hong Kong saw their worst day in nearly 30 years, plunging more than 13%. It was a similar story for markets across Europe and the rest of Asia.
How are female athletes responding to competing against men?
Here on Wall Street, we saw wild swings throughout the day, but ultimately the Dow, S&P and Nasdaq each ended up within 1% of where they began when markets opened. So a little less craziness. For his part, President Trump continued urging Americans to trust his plan. Here he is speaking at the White House Monday afternoon.
We have an opportunity to change the fabric of our country. We have an opportunity to reset the table on trade. I don't mind going through it because I see a beautiful picture at the end.
And while his base and allies are certainly holding strong, reminding folks of the economy's success during his first term, there's no doubt that markets are less than confident. And we got an example of that volatility yesterday amid a fake headline saga, which was very interesting. What happened there? Yeah, a wild story. So around 10.10 yesterday morning, a large Twitter account posted that President Trump was considering a 90-day pause on all tariffs. By 10.15, five minutes later, a CNBC guest repeated the claim and markets soared, gaining literally trillions of dollars in value in literally minutes. The S&P 500 spiked 7%, going from down 4% to up 3%.
What impact do fake headlines have on the stock market?
But moments later, the White House issued a statement calling the report fake news and markets fell right back down, erasing all of those gains. I spoke with Kenny Pocari, the senior market strategist for SlateStone Wealth, for his take on that swing.
What it tells you is that the market is aching and looking for anything positive kind of in this mess. Because as you and I both know, the market hates uncertainty. It just hates it. It can take bad news as long as there's some certainty to it. The market can then adjust. But when the market remains so uncertain, then the anxiety level rises, volatility rises, and it's that shoot first, ask questions later, and it's lower prices.
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Chapters
7 chapters
1
What are the key highlights of Trump's trade policies?
0:03–2:14
2
Why is the Trump administration defunding Ivy League colleges?
2:14
3
How are female athletes responding to competing against men?
0:40–3:26
4
What impact do fake headlines have on the stock market?
3:26–6:57
5
What is the Trade Review Act of 2025?
6:57
6
How can Shopify help small businesses grow?
1:00–7:43
7
How does Lumen help with metabolism tracking?
7:43–14:46
Speakers
8 identifiedMore from Morning Wire
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