For: April 10, 2025
>>All Eyes On Wall Street
(New York, NY) -- The Wall Street opening bell will be watched closely after the Dow Jones Industrial Average surged nearly three-thousand points Wednesday. This, after President Trump announced a 90-day pause on some tariffs. Stocks rose immediately after Trump unveiled the news on Truth Social. Following the news, the Dow kicked into overdrive and ended up having its biggest rally in five years. The S&P 500 posted its biggest gain since 2008. At the closing bell, the Dow gained two-thousand-and-962 to 40-608. The S&P 500 rose by 474 points to 54-56. The Nasdaq gained one-thousand-and-857 points to 17-124.
>>Trump Announces 90 Day Pause
(Washington, DC) -- President Trump's 90-day pause on some tariffs is in effect. White House Press Secretary Karoline Leavitt says the move is due to countries calling to negotiate trade deals. At the same time Trump confirmed the pause yesterday he also said he's raising the tariff charged against China to 125-percent.
>>Bessent Doesn't Rule Out Delisting Chinese Stocks
(Washington, DC) -- Treasury Secretary Scott Bessent says he won't rule out the possibility of delisting Chinese stocks on U.S. exchanges. In an interview with Fox Business on Wednesday, Bessent said everything is on the table when it comes to ongoing trade tensions between China and the U.S., as Washington and Beijing exchange retaliatory and exorbitant tariffs. He said ultimately it's President Trump's decision.
>>Consumer Price Index Released Today
(Undated) -- The closely-watched consumer price index - a key measure of inflation - comes out this morning. Most analysts are saying the month-on-month CPI is expected to have risen zero-point-one percent in March, slowing from February's zero-point-two percent. Weekly jobless claims are also due today. That number is forecast to come in at right around 223-thousand, versus the previous week's 219-thousand.
>>Whistleblower: Meta Provided User Data To China
(Washington, DC) -- A whistleblower is claiming Meta provided user data to the Chinese government. In a Wednesday Senate hearing Sarah Wynn-Williams said she witnessed executives "repeatedly undermine U.S. national security and betray American values." She also alleged that the company lied to shareholders, employees and Congress about what it was doing with the Chinese Communist Party. According to Wynn-Williams, this was part of an effort to win favor with the Chinese government. Meta has denied Wynn-Williams' allegations, calling them "divorced from reality."
>>Delta Announces Bag Rule Change
(Atlanta, GA) -- Delta is implementing a change on its checked bag policies. The Atlanta-based airline says bags must now be dropped off at least 45 minutes before a domestic flight. The company doesn't anticipate any major problems with the policy since most bags are already checked in ahead of that time. Travelers are already encouraged to arrive at the airport two hours ahead of a domestic flight.
>>USPS To Raise Stamp Prices By Five Cents
(Undated) -- The United States Postal Service is preparing to raise the price of stamps. On Wednesday, USPS announced the price of first class main stamps will go up from 73 to 78 cents. Domestic postcards will also increase from 56 to 62 cents. The agency says the increases are necessary to achieve financial stability, adding that USPS prices are still "among the most affordable in the world."
