GET THE APP
Wednesday, September 17, 2025

Tag: Donald Trump
May 8, 2025
Economy

Stocks Climb as Trump Secures U.S.-U.K. Trade Deal.

PULSE POINTS:

❓What Happened: President Donald J. Trump announced a new trade agreement with the United Kingdom, leading to a rise in U.S. stock markets.

👥 Who’s Involved: President Donald J. Trump, Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, investors, and the U.S. Stock Market.

📍 Where & When: The announcement of the U.S.-UK trade deal was made on Thursday morning, May 8, 2025, from the Oval Office.

💬 Key Quote: Trump stated the deal will provide “billions of dollars of increased market access for American exports, especially in agriculture.”

⚠️ Impact: U.S. stock indices rose, with the S&P 500, Dow Jones, and Nasdaq all gaining. The blue-chip Dow narrowly missed exit correction territory.

IN FULL:

U.S. stock markets experienced a boost on Thursday following President Donald J. Trump’s announcement of a trade agreement with the United Kingdom. At closing, the Dow Jones had gained 254 points, or 0.6 percent. Meanwhile, the S&P 500 also rose 0.6 percent, and the Nasdaq closed up 1 percent.

After weeks of what Trump critics tried to frame as a market decline, the blue-chip Dow Jones narrowly missed exit correction territory, strongly suggesting that the volatility has been driven by a much-needed market correction. Notably, the market gains are also throwing cold water on fears that the United States has entered a bear market.

In a statement from the Oval Office, President Trump highlighted the economic benefits of the new trade deal, which promises “billions of dollars of increased market access for American exports, especially in agriculture.” He noted that the United Kingdom will remove non-tariff barriers that have previously “unfairly discriminated against American products.”

Despite the new agreement, lower tariffs on imports from Britain will remain. Commerce Secretary Howard Lutnick confirmed that tariffs would continue to generate $6 billion in revenue for the United States.

Treasury Secretary Scott Bessent informed a House committee earlier this week that the U.S. is engaged in negotiations with 17 out of 18 key trading partners. While the U.S.-U.K. deal is seen as a positive step, larger traders like China may present more significant challenges. China has reiterated its demand for the U.S. to cancel tariffs, a point of contention ahead of talks between Secretary Bessent and a Chinese delegation this weekend.

President Trump has maintained his stance on not reducing the 145 percent tariffs on Chinese goods during negotiations. Meanwhile, the Federal Reserve, citing trade policy uncertainties, decided to keep its benchmark interest rate steady at 4.25 percent to 4.5 percent.

show less

PULSE POINTS:

show more
May 8, 2025
William Upton
Politics

With Ed Martin Nomination Stalled, Trump May Name Judge Jeanine as U.S. Attorney for D.C. Instead.

PULSE POINTS:

❓What Happened: With Ed Martin’s nomination as U.S. attorney for the District of Columbia stalled in the Senate, it is widely speculated that President Donald J. Trump will announce former judge, prosecutor, and Fox News host Jeanine Pirro as his new pick.

👥 Who’s Involved: Current Interim U.S. attorney for the District of Columbia, Ed Martin; Fox News host Judge Jeanine Pirro; President Donald J. Trump, Senator Thom Tillis (R-NC), the U.S. Senate.

📍 Where & When: Washington, D.C., May 8, 2025.

💬 Key Quote: “He is a terrific person. He wasn’t getting the support from people that I thought,” Trump said of the stalled Martin nomination, adding: “I’m very disappointed in that. But I have so many different things that I’m doing now with the trade [negotiations]. One person, I can only lift that little phone so many times in a day. But we have somebody else that will be great.”

⚠️ Impact: Pirro is seen as a staunch ally of Trump, who, like Martin, will continue to carry out the America First leader’s agenda in the District of Columbia.

IN FULL:

It is believed that President Donald J. Trump will soon tap former judge, prosecutor, and Fox News host Jeanine Pirro as the new Interim U.S. Attorney for the District of Columbia. The move comes as the push to confirm the current interim prosecutor, Ed Martin, has stalled out in the U.S. Senate after drawing opposition from Senator Thom Tillis (R-NC), an establishment figure often accused of catering to the political goals of multinational corporations over Americans.

Earlier on Thursday, after signing a landmark trade deal with the United Kingdom, President Trump addressed the current situation with Martin’s nomination, expressing his frustration with the senators opposing his pick but signaling that the White House would be moving on to another choice. “He is a terrific person. He wasn’t getting the support from people that I thought,” Trump said, adding: “I’m very disappointed in that. But I have so many different things that I’m doing now with the trade [negotiations]. One person, I can only lift that little phone so many times in a day. But we have somebody else that will be great.”

Trump went on to reemphasize that his White House has “somebody else that we’ll be announcing over the next two days who’s gonna be great.”

Jeanine Pirro has been a staunch ally of Trump, even before either was on the national political stage. Notably, Pirro was an early backer of Trump’s successful 2016 presidential bid and served as a quasi-surrogate, pushing back against attacks on him in the media.

Image by Michael IVadon.

show less

PULSE POINTS:

show more
May 8, 2025
William Upton
Economy

Economists Blast Bank of England Rate Cut as Too Small — While U.S. Fed Won’t Slash Rates at All.

PULSE POINTS:

❓What Happened: The Bank of England reduced its base interest rate from 4.5 percent to 4.25 percent.

👥 Who’s Involved: The Bank of England, economist Patrick Minford, U.S. President Donald J. Trump, and the United States Federal Reserve.

📍 Where & When: Thursday, May 8, 2025, in the United Kingdom.

💬 Key Quote: “I would have welcomed more [of a cut to base rates] actually… At the moment, the priority is to try and stop the recession gathering pace,” said economist and former Margaret Thatcher advisor Patrick Minford.

⚠️ Impact: The British rate cut may not be sufficient to prevent a recession in Britain, but could increase pressure on the U.S. Federal Reserve to finally enact a rate cut of its own.

IN FULL:

The Bank of England has announced a reduction in its base interest rate from 4.5 percent to 4.25 percent, a move that has been met with mixed reactions from economists and the public. While this decision is seen as beneficial for many homeowners, Patrick Minford, a prominent economist and former advisor to the late Prime Minsiter Margaret Thatcher, has expressed concerns that the cut may not be enough to avert an impending recession. Conversely, yesterday, the United States Federal Reserve declined to cut rates at all, raising concerns that the American central bank is asleep at the wheel.

“I would have welcomed more [of a cut to base rates] actually,” Minford said in an interview, warning: “At the moment, the priority is to try and stop the recession gathering pace.”

As in the U.S., the British inflation rate has continued to fall, decreasing from 2.8 percent in February to 2.6 percent in March. However, in both countries, the inflation rate remains just above their respective central bank targets. In the U.S., President Donald J. Trump has steadily increased political pressure on Federal Reserve Chairman Jerome Powell to usher in a cut to interest rates and inject liquidity into the American economy.

Following the signing of a bilateral trade agreement between the U.S. and the UK on Thursday, President Trump again pushed “Too Late” Powell to cut rates, likening a cut to “jet fuel” and suggesting Powell’s reluctance to lower interest rates is politically motivated.

Despite growing concerns over a potential global recession driven by a deflationary demand collapse, the U.S. labor market has remained resilient under President Trump. The National Pulse reported on Thursday that unemployment claims are continuing to fall in the U.S., beating expectations, suggesting that recession fears may be overblown.

Image by Rafael Saldana.

show less

PULSE POINTS:

show more
May 8, 2025
Jack Montgomery
Immigration
Religion

New Pope Criticized Trump, Vance, on Immigration.

PULSE POINTS:

❓What Happened: Cardinal Robert Francis Prevost, now Pope Leo XIV, elected as the first American pope, previously criticized President Donald J. Trump and Vice President J.D. Vance’s stance on immigration.

👥 Who’s Involved: Pope Leo XIV, President Trump, Vice President Vance, and the late Pope Francis.

📍 Where & When: Vatican City, with the election confirmed on May 8, 2025.

⚠️ Impact: Pope Leo XIV’s election is a point of national pride for the U.S., but, despite President Trump’s gracious response to his election, the pontiff’s past critiques of America First policies suggest he may attempt to undermine the Trump administration.

IN FULL:

Chicago-born Pope Leo XIV previously criticized President Donald J. Trump and Vice President J.D. Vance on immigration, sharing articles on X (formerly Twitter) calling the America First leader’s “rhetoric” on immigration “problematic” and criticizing his vice president’s stance on a Christian’s ties of obligation to his country and family.

The newly elected pontiff, formerly Cardinal Robert Francis Prevost, has a repost of an X user criticizing President Trump and Salvadoran President Nayib Bukele for the deportation of alleged gang member, domestic abuser, and human trafficker Kilmar Abrego Garcia at the top of his timeline.

In 2015, he shared an article by Cardinal Timothy Dolan, Archbishop of New York, titled ‘Why Donald Trump’s anti-immigrant rhetoric is so problematic.’

More recently, he used the @drprevost account to amplify criticism of Vice President J.D. Vance. He shared two articles attacking Vance, who was responding to the late Pope Francis’s thinly veiled criticism of Trump’s mass deportation policy, for saying that it is in line with Church teaching that “you love your family and then you love your neighbor, and then you love your community, and then you love your fellow citizens, and then after that, prioritize the rest of the world.”

Vance, a Catholic convert, cited the doctrine of ordo amoris, Latin for “order of love,” first outlined by the great 4th–5th-century theologian St. Augustine, angering liberal clergy—apparently including the future Pope Leo XIV—who were pushing the line that illegal immigrants should be given the same consideration as relatives and fellow citizens.

Nevertheless, President Trump has welcomed the new pontiff’s election, writing on his Truth Social platform, writing, “Congratulations to Cardinal Robert Francis Prevost, who was just named Pope. It is such an honor to realize that he is the first American Pope. What excitement, and what a Great Honor for our Country. I look forward to meeting Pope Leo XIV. It will be a very meaningful moment!”

show less

PULSE POINTS:

show more
May 8, 2025
News
SCOTUS

Chief Justice Roberts, 70, Dismisses Retirement Speculation.

PULSE POINTS:

❓What Happened: Chief Justice John Roberts announced he is not planning to retire as he feels healthy.

👥 Who’s Involved: Supreme Court Chief Justice John Roberts.

📍 Where & When: Comments made in Buffalo, N.Y., during the 125th anniversary of the U.S. District Court for the Western District of New York.

💬 Key Quote: “I’m going out feet first,” Roberts joked when asked about retirement.

⚠️ Impact: Roberts emphasized the importance of judicial independence amidst calls for impeachment of a federal judge by President Donald J. Trump.

IN FULL:

Supreme Court Chief Justice John Roberts says he has no immediate plans to step down from the bench, citing good health as the primary reason. The 70-year-old Justice shared this during a public event in Buffalo, New York, marking the 125th anniversary of the U.S. District Court for the Western District of New York.

“I’ve sat down with them and said, ‘I want at the appropriate time’—because you don’t always notice that you’re slipping—‘I want the two of you to tell me if it’s time to go,” Roberts recounted, describing a conversation with two friends regarding retirement. He continued: “It was a long pause, and at once, the two of them said, ‘It’s time to go.’ So I said, ‘Alright, never mind.”

When asked whether his retirement could be imminent, the Chief Justice joked, “I’m going out feet first.”

However, the top jurist in the United States did not rule out a departure from the high court entirely. “I say that now. I mean, I’m sure if your health declines, and if you recognize that you’re a burden to the court rather than part of an asset to everybody, then, it’ll be time to go,” Roberts said, although he emphasized that he himself feels “pretty healthy.”

Despite the bravado expressed against retirement, Roberts conceded that there have been a few instances where age hampered the court’s function, but he insisted the justices were able to handle the problems internally without issue. “There have been times when somebody has stayed a little longer than they should, then the other colleagues come, and it’s always really worked out, so I don’t think that’s going to be a problem,” the Chief Justice said.

Notably, the Supreme Court—and Chief Justice Roberts specifically—has been criticized in recent weeks for its hesitancy to stop the ongoing Democratic lawfare efforts against the Trump White House. This has led to allegations that the high court and Roberts have allowed the federal court system to dramatically overreach and assume executive branch powers in contravention of the U.S. Constitution.

show less

PULSE POINTS:

show more
May 8, 2025
Jack Montgomery
Economy
News

Trump Economy Gains Strength as Unemployment Claims Fall Even More Than Expected.

PULSE POINTS:

❓What Happened: New applications for unemployment benefits in the U.S. fell by 13,000 to 228,000 last week—2,000 more than projected.

👥 Who’s Involved: The U.S. Labor Department, President Donald J. Trump.

📍 Where & When: United States, week ending May 3.

⚠️ Impact: President Trump’s detractors have been attempting to stoke a frenzy over his America First tariff agenda, but, so far, the American economy remains fundamentally strong.

IN FULL:

The U.S. labor market showed resilience as initial claims for unemployment benefits fell more than anticipated last week, according to data released by the Labor Department. For the week ending May 3, claims dropped by 13,000 to a seasonally adjusted 228,000, surpassing economists’ expectations of 230,000. This decline reverses the previous rise attributed to school spring breaks in New York, temporarily pushing claims to a two-month high.

The economic good news comes despite globalist criticism of President Donald J. Trump’s America First tariffs, particularly the significant increase on Chinese imports to 145 percent. Anti-tariff economists have been persistently warning that negative sentiments observed in surveys—likely driven by the media clamoring over a hypothetical tariff-driven downturn—could be set to translate into negative employment data. Still, the above-expectations fall in new unemployment claims suggest market jitters are yet to translate into meaningful job losses.

The Trump White House, which imposed tariffs to level the playing field for American producers and workers competing against sweatshop economies where governments use currency manipulation and state subsidies to gain an unfair advantage, says they are already reaping dividends. They cite significant investments in American manufacturing by tech giant Nvidia and retail giant Walmart, among others, as evidence that the import levies are encouraging businesses to reshore production.

show less

PULSE POINTS:

show more
May 8, 2025
William Upton
Economy
UK

BREAKING: Trump Seals US-UK Trade Deal.

PULSE POINTS:

❓What Happened: A bilateral trade deal between the United States and the United Kingdom was signed on Thursday, May 8, 2025.

👥 Who’s Involved: President Donald J. Trump and Prime Minister Sir Keir Starmer.

📍 Where & When: Announcement from the Oval Office on Thursday.

💬 Key Quote: “Both countries agree that economic security is national security,” said President Trump, noting that the deal will “bring the United Kingdom into economic security alignment with the United States.”

⚠️ Impact: The deal is seen as a significant move following President Trump’s ‘Liberation Day’ tariffs in the U.S. and Brexit in the United Kingdom, with potential implications for UK-EU relations.

IN FULL:

The United States and the United Kingdom signed a significant trade agreement on Thursday, the first bilateral deal since President Donald J. Trump imposed tariffs on foreign goods in April. Before the signing, President Trump alluded to the agreement, saying the White House would be making a “major” announcement that would be “very big and exciting” for both the U.S. and the UK.

President Trump said the deal will eliminate many tariff and non-tariff barriers to American goods entering the British market, and vice versa, “bring[ing] the United Kingdom into economic security alignment with the United States.” The America First leader’s words suggest his administration is looking to create something of an economic bloc on the world stage, comprised of like-minded allies, as opposed to a system of general free trade, including countries like Communist China, which is notorious for underhanded commercial practices such as currency manipulation and industrial espionage.

Prime Minister Sir Keir Starmer said it was “a really fantastic, historic day,” paying tribute to President Trump and his negotiating team and noting the symbolism of the deal being signed of Victory in Europe (VE) Day, when the United States, the British Empire, and other allies declared victory over Nazi Germany. 

Notably, the trade agreement is only possible because of the United Kingdom’s Brexit vote and subsequent departure from the European Union (EU). This move has given British leaders greater maneuverability on the international stage, with the EU controlling trade policy for all of its member states and barring them from making their own bilateral deals.

The British-American agreement is a critical step for both nations, as the two countries are each other’s largest source of foreign direct investment. Additionally, the U.S. is the top export market for British goods, and the UK is the seventh-largest export destination for U.S. exports—with commerce likely to be further uplifted by the new trade agreement.

Last month, U.S. Vice President J.D. Vance signalled that a trade deal with the United Kingdom was a priority for the Trump White House. The Vice President stated: “There’s a real cultural affinity. And of course, fundamentally, America is an Anglo country. I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.”

President Trump is set to visit the United Kingdom in September for a second state visit. It is widely expected that the British-American trade deal will serve as a catalyst for other nations to expedite their negotiations with the U.S. and pressure the EU to make concessions, so its former member state does not gain too much of a competitive advantage.

WATCH:

Jack Montgomery contributed to this report.

This story is developing…

show less

PULSE POINTS:

show more
May 7, 2025
News

George W. Bush to Skip Melania Trump’s White House Event.

PULSE POINTS:

❓What Happened: Former President George W. Bush is not expected to attend a White House ceremony honoring the late Barbara Bush with a U.S. Postal Service stamp.

👥 Who’s Involved: George W. Bush, Melania Trump, Dorothy Bush Koch, Alice Yates.

📍 Where & When: The White House’s East Room, Thursday.

💬 Key Quote: George W. Bush previously remarked that politics has become “a naked appeal to anger, fear, and resentment.”

⚠️ Impact: The decision underscores ongoing tensions between Bush and President Donald J. Trump.

IN FULL:

Former President George W. Bush is reportedly not attending a White House event hosted by First Lady Melania Trump to honor his late mother, Barbara Bush, with a commemorative U.S. Postal Service stamp. The event is set to take place in the East Room on Thursday, with Dorothy Bush Koch, George W. Bush’s sister, and Alice Yates, CEO of the George and Barbara Bush Foundation, among the featured speakers.

Despite attending both of President Donald J. Trump’s inaugurations, George W. Bush refrained from endorsing him in any of his presidential campaigns. This absence from the ceremony further highlights the strained relationship between Bush and Trump.

In a 2021 event marking 20 years since the 9/11 attacks, Bush expressed concerns over the current state of politics, stating it had become “a naked appeal to anger, fear, and resentment.” Trump interpreted these remarks as directed towards him, responding by criticizing Bush’s presidency as “failed and uninspiring.”

The tension between Trump and the Bush family extends back to Barbara Bush herself, who was critical of Trump. In the book The Matriarch: Barbara Bush and the Making of a Dynasty, she described Trump as “a symbol of greed.” Before her passing in 2018, Barbara Bush reportedly distanced herself from the Republican Party, despite being a prominent figure within it.

Trump’s past comments also reflect this contentious relationship. In 2019, he remarked on Barbara Bush’s criticism, linking it to his rivalry with her son, Jeb Bush. “Look what I did to her sons,” Trump said, referencing his political battles with the former Florida Governor.

A critic of the pro-war foreign policy of the Bush era, President Trump has previously vowed the GOP is “never going back to the party of Paul Ryan, Karl Rove, and Jeb Bush,” now the America First era of conservatism has been ushered in.

show less

PULSE POINTS:

show more
May 7, 2025
Economy

Fed Holds Interest Rates Steady Despite Push for Cut by Trump.

PULSE POINTS:

❓What Happened: The Federal Reserve maintained its key interest rate at 4.3 percent, resisting pressure to lower it.

👥 Who’s Involved: The Federal Reserve, President Donald J. Trump, and U.S. Federal Reserve Chairman Jerome Powell.

📍 Where & When: Washington, D.C., during the Fed’s Federal Open Market Committee (FOMC) on May 7, 2025.

💬 Key Quote: “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent,” the FOMC statement reads.

⚠️ Impact: The decision reflects concerns over rising inflation and unemployment, exacerbated by economic uncertainty from tariffs.

IN FULL:

The Federal Reserve has chosen to keep its key interest rate steady at 4.3 percent, despite calls from President Donald J. Trump to lower borrowing costs. This decision, announced on Wednesday, marks the third consecutive meeting where rates have remained unchanged after a series of cuts late last year, when then-Vice President Kamala Harris was seeking to succeed then-President Joe Biden. The Fed’s statement claimed increased uncertainty about the economic outlook, noting heightened risks of both inflation and unemployment.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has increased further. The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen,” the Federal Reserve’s Federal Open Market Committee statement reads. It adds: “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.”

In recent months, President Trump has increased pressure on the central bank to cut interest rates to increase domestic economic liquidity as his tariff policies reduce foreign imports. Late last month, the America First leader posted on Truth Social, urging Federal Reserve Chairman Jerome Powell to lower borrowing rates: “‘Preemptive Cuts’ in Interest Rates are being called for by many… With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already ‘lowered’ seven times.”

Earlier in April, Trump accused Powell of playing politics by refusing to cut rates, leading to a push by the White House to see Powell removed as the central bank’s chairman.

show less

PULSE POINTS:

show more
May 7, 2025
Health

Major Food Companies Fast-Track MAHA Plan to Phase Out Artificial Food Dyes.

PULSE POINTS:

❓What Happened: Major companies like PepsiCo and Tyson Foods are updating their recipes to eliminate petroleum-based food dyes in order to align with President Donald J. Trump’s “Make America Healthy Again” initiative, spearheaded by Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.

👥 Who’s Involved: PepsiCo CEO Ramon Laguarta, Tyson Foods CEO Donnie King, President Trump, and Health and Human Services Secretary Robert F. Kennedy Jr.

📍 Where & When: United States, changes announced in May 2025.

💬 Key Quote: “I look forward to seeing more companies follow suit and put the health of Americans first. Together, we will Make America Healthy Again,” wrote Sec. Kennedy in a post on X (formerly Twitter).

⚠️ Impact: Companies are moving toward natural ingredients, aligning with a Food and Drug Administration (FDA) initiative to end the use of petroleum-based food dyes by 2026.

IN FULL:

Major companies like PepsiCo and Tyson Foods are accelerating changes to their American recipes in a significant shift toward healthier food options. These efforts align with the “Make America Healthy Again” initiative, spearheaded by Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. Last month, Kennedy announced that the Food and Drug Administration (FDA) is collaborating with companies to phase out petroleum-based food dyes by the end of 2026, along with banning several other color additives.

“Just 13 days after [HHS] and the [FDA] announced plans to phase out petroleum-based synthetic dyes from the nation’s food supply, Tyson Foods today reported it will eliminate these dyes by the end of May,” Sec. Kennedy announced in a post on X (formerly Twitter), adding: “I look forward to seeing more companies follow suit and put the health of Americans first. Together, we will Make America Healthy Again.”

PepsiCo CEO Ramon Laguarta has committed to leading the industry in removing artificial food dyes from products. Specific brands, such as Lay’s and Tostitos, are set to be free of artificial colors by the end of 2025, a year ahead of the FDA’s timeline.

Laguarta acknowledged the growing demand for natural ingredients. He claimed, “Our products are very safe and there’s nothing to worry about,” but added that “we understand that there’s probably going to be a consumer demand for more natural ingredients, and we’re going to be accelerating that transition.”

Similarly, Tyson Foods CEO Donnie King announced the company’s response to the FDA’s plans, committing to eliminate synthetic dyes by the end of this month. Secretary Kennedy praised Tyson Foods’ prompt action on social media, expressing hope that more companies will prioritize Americans’ health.

show less

PULSE POINTS:

show more