The Headline: How Low Will The Markets Go?
While the prices at the supermarket trend higher, the stock market continues to go lower. This isn’t exactly the direction Donald Trump promised while he was campaigning when he said “When I win, I will immediately bring prices down, starting on day one.” The Seattle Times published an opinion piece today from Steve Lopez entitled, Dear Mr. President, here’s my grocery bill. He found the same eggs he bought the day before Trump took office for $7.49 were now $9.99. It’s getting so bad, some of Trump’s biggest supporters in Congress are working themselves into pretzels to try to make sense of it all.
Trump’s tariff rollercoaster has wreaked havoc on the stock market in the last few weeks, and he made things worse Sunday when he hinted that we could be heading toward a recession saying, “Look, we’re going to have disruption, but we’re OK with that.” The Wall Street Journal reports, “Some investors say that the Trump administration's seemingly blasé attitude toward potentially setting off a downturn is rattling market watchers, who had believed that Trump's pro-growth stance would boost the economy and markets.”
The Nasdaq suffered its worst one-day point decline since March 16, 2020. If that date rings a bell, that’s because it was the day after states started to implement COVID shutdowns. That was the beginning of a tough time, so it’s hard not to worry we are at the beginning of another very rough period for the economy.
The New York Times reports, “Ukraine Must Cede Territory in Any Peace Deal, Rubio Says.”
Secretary of State Marco Rubio said on Monday that Ukraine would have to make concessions over land that Russia had taken since 2014 as part of any agreement to end the war.
Mr. Rubio spoke as he was flying to Jeddah, Saudi Arabia, for talks with senior Ukrainian officials, and 10 days after a contentious White House meeting between President Trump and his Ukrainian counterpart, Volodymyr Zelensky.
CBS: Search intensifies for missing college student Sudiksha Konanki in Dominican Republic
Investigators are asking for a worldwide police alert to be issued in the ongoing search for a University of Pittsburgh student who went missing while on a spring break trip to the Dominican Republic with her friends.
The worldwide alert, known as a Yellow Notice for missing persons, is issued by INTERPOL. The Loudoun County Sheriff's Office in the Virginia hometown of 20-year-old Sudiksha Konanki have filed for the notification.