Stocks jump amid signs Trump could scale back tariffs
CBSN
Stocks jumped in early trading Monday on reports that Trump administration tariffs set to take effect on April 2 could be narrower than previously expected.
The S&P 500 rose 81 points, or 1.4%, to 5,749 as of 10:14 a.m. EST, the Dow Jones Industrial Average, jumped 506 points, or 1.2%, and the Nasdaq Composite climbed 334 points, or 1.9%.
A White House official told AFP that planned levies on the automobile, semiconductor and other industries "may or may not happen April 2," noting that the situation is "still fluid."
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Washington — President Trump on Tuesday signed a pardon for Devon Archer, Hunter Biden's former business partner who testified before Congress about his business dealings with the former president's son.
Masih Alinejad, a journalist and prominent critic of the Iranian regime, was in the garden of her Brooklyn home when she locked eyes with the hitman hired to assassinate her. It was late July, and she had gone into her garden to pick vegetables.
An encrypted messaging app called Signal is drawing attention and questions after top Trump officials — including Defense Secretary Pete Hegseth and Vice President JD Vance — allegedly used the service to discuss a highly sensitive military operation while inadvertently including The Atlantic's editor-in-chief, Jeffrey Goldberg, in the chat.
Washington — The Trump administration has quietly paused the processing of green card applications filed by certain individuals, including approved refugees, as part of a broader effort to more aggressively vet immigrants, multiple sources familiar with the move told CBS News.
PLEASANTVILLE, Iowa — Zach Mecham has heard politicians demand that Medicaid recipients work or lose their benefits. He also has run into a jumble of Medicaid rules that effectively prevent many people with disabilities from holding full-time jobs.
President Trump's Ukraine and Middle East envoy Steve Witkoff was in Moscow, where he met with Russian President Vladimir Putin, when he was included in a group chat with more than a dozen other top administration officials — and inadvertently, one journalist — on the messaging app Signal, a CBS News analysis of open-source flight information and Russian media reporting has revealed.
Trump administration officials are promising to crack down on what they say are coordinated attacks on Tesla electric vehicles nationwide, although U.S. intelligence suggests lone actors are behind them.
President Trump's nominee to run the Social Security Administration, Frank Bisignano, will face a Senate hearing on Tuesday morning about his qualifications to run the massive retirement system, as well as his plans for the agency at a time when it has been targeted for significant job cuts by Elon Musk's Department of Government Efficiency.
West Virginia has outlawed foods that contain some artificial dyes or other additives, in one of the most comprehensive statewide bans of its kind. The move cites potentially harmful health effects and comes amid a broader push from scientists and government leaders to clamp down on synthetics in the nation's food supply.
Washington — The Senate Finance Committee is set Tuesday to vote on whether to advance the nomination of Dr. Mehmet Oz, the former heart surgeon and television host, to lead the Centers for Medicare and Medicaid Services under President Trump.
A once-every-four-year report card on the upkeep of America's infrastructure gave it a "C" grade on Tuesday, up slightly from previous reports, largely due to investments made during former President Joe Biden's administration.
During his Senate confirmation hearing Tuesday, Frank Bisignano, President Trump's nominee to run the Social Security Administration (SSA), is likely to face a barrage of questions about where he stands on the future of a government agency that provides retirement, disability and other benefits to more than 70 million Americans.
Washington — Leaders of U.S. intelligence agencies will appear before the Senate Intelligence Committee on Tuesday to testify about global security threats facing the country.