
Stocks set to rebound as Treasury Chief Bessent says tariff negotiations could bring "good deals"
CBSN
Stocks are set to rebound on Tuesday after investors suffered a three-day sell-off that wiped out trillions in market value amid anxieties about the economic impact of President Trump's wide-ranging reciprocal tariffs.
S&P 500 futures rose 2.6% before the open of U.S. trade at 9:30 a.m., according to financial services firm FactSet. Dow Jones Industrial Average futures indicated a rise of 2.9%, while the Nasdaq composite index is signaling a climb of 2.3%.
The sell-off began on April 3, the day after Mr. Trump unveiled tariffs on imports from almost every nation, on top of a number of previously announced import duties targeting the auto, steel and aluminum industries, among others. Wall Street economists say the tariffs are likely to drive up inflation because they'll largely be passed onto consumers in the form of higher prices, which could stall U.S. economic growth and increase the risk of a recession.

The leaders of a sex-focused women's wellness company that promoted "orgasmic meditation" were found guilty Monday in what has been described as an abusive scheme to coerce their employees into performing traumatic and demeaning tasks with little or no pay, authorities said. A Brooklyn jury deliberated for less than two days before convicting Nicole Daedone, 57, and Rachel Cherwitz, 44, on federal forced labor charges, following a five-week trial.

Smuggler traveling from Thailand stopped with tarantulas, possums, lizards, authorities in India say
Indian customs officers made the latest "significant" seizure of endangered wildlife from a passenger arriving from Thailand, a government statement said: nearly 100 creatures including lizards, sunbirds and tree-climbing possums.

Some of the victims of the U.S. Capitol siege are angry about the Trump administration's public statements and response to this weekend's unrest in Los Angeles, accusing top officials and the president of hypocrisy. They point to the stark difference between the aggressive response of the president and his top aides against those who allegedly assaulted police in Los Angeles, compared to their staunch defense of those who admitted beating and gassing police on Jan. 6. The disparity risks inflaming the already heated controversy in California.