>>Monday On Wall Street
(New York, NY) -- The opening bell rings this morning after Wall Street saw stocks close sharply lower on Friday. Stocks are closing sharply lower to end the week on Wall Street. Fresh economic data on inflation and falling consumer sentiment sparked a broad sell off. Big tech led the way with Alphabet and Amazon losing more than three percent each. Growing fears over tariffs and trade policy added to the market volatility. At the closing bell, the Dow Jones Industrial Average fell 715 points to 41-583. The S&P 500 lost 112 points to 55-80. The Nasdaq dropped 481 points to 17-322.
>>What To Watch For This Week
(Undated) -- The week gets off to a slow start with no major economic reports on today's calendar. But don't let that fool you, the 1st of April brings the latest auto sales numbers, data on job openings and construction spending. ADP releases its employment report the following day with weekly jobless claims out on Thursday. All eyes will be on the monthly employment report as the week wraps up on Friday. Most analysts expect around 140-thousand new jobs were created in March, versus 151-thousand the month prior. The unemployment rate is forecast to hold steady at four-point-one percent.
>>Trump: April 2nd "Liberation Day"
(Washington, DC) -- President Trump says this coming Wednesday will be our "liberation day" with new U.S tariffs set to take effect. Trump is calling that date "liberation day," claiming the tariffs against Canada, Mexico, China and the European Union, will undo decades of those powers "taking advantage of the U.S." The President, at the same time, says he "couldn't care less" if automakers raise their prices due to the implementation of a 25-percent tariff on all foreign made automobiles. In an interview with NBC News over the weekend, Trump said he didn't care if automakers raise prices, and in fact hopes they do, because he thinks people will start buying more American-made cars. He also said the imposed tariffs will be permanent.
>>Elon Musk's xAI Buys X For $45 Billion
(Undated) -- Elon Musk's AI startup is buying his social media platform X. On Friday, Musk announced xAI [[ X-AI ]] acquired X in an all-stock transaction for 45-billion-dollars. He says they're officially making steps to combine the data, models, distribution, and talent from both companies.
>>Egg Prices Drop
(Undated) -- Egg prices are dropping as chicken flocks begin to recover from the bird flu. The average wholesale price of a dozen eggs was three dollars last week, down from a record eight-dollars-and 15-cents back in February. The U.S. lost more than 12 percent of egg-laying hens in the first three months of the year.
>>FDA Recalls Thousands Of Pounds Of Ground Coffee Mislabeled As Decaf
(Undated) -- Thousands of pounds of ground coffee in 15 states have been recalled by the Food and Drug Administration. The recall is for hundreds of 12 ounce bags of Our Family Traverse City Cherry Decaf Light Roast Ground Coffee which were mislabeled as decaffeinated. The voluntary recall was issued on March 13th by Massimo Zanetti Beverage USA, one of the largest coffee suppliers in the U.S.
>>Consumer Sentiment Drops 12% In March
(Ann Arbor, MI) -- Consumer sentiment fell sharply in March as inflation worries surge. The University of Michigan's final reading for the month plunged 12 percent from February as consumers continue to worry about the economy. Survey officials say inflation fears drove much of the downturn which stretched across all age and income groups. It's the third straight decline and it came the same day the Commerce Department reported the core inflation rate increased to two-point-eight percent in February.
>>Neuralink Files To Trademark 'Blindsight,' 'Telepathy' and 'Telekinesis'
(Undated) -- The Elon Musk-led company Neuralink is looking to trademark the words "telepathy" and "blindsight." The brain-computer interface company filed applications with the U.S. Patent and Trademark Office to trademark the terms earlier this month. The applications are for new Neuralink's products including Telepathy, which is a brain-computer implant that lets users control devices with thoughts and Blindsight, an implant that hopes to restore vision in the blind.
>>QVC Group Lays Off 900 Employees
(New York, NY) -- The company that runs the QVC and HSN shopping channels is laying off around 900 employees. The QVC Group said Thursday that it's part of a plan to merge the two channels and be a larger player on social media and streaming platforms. The layoffs make up around five-percent of the company, which owns QVC Plus and HSN Plus streaming channels along with The Big Dish channel on Roku, and is developing streaming products for platforms like Netflix and Hulu.
