U.S. Stocks Close Higher After Trump Announces U.K. Trade Agreement
The deal lays out a framework for some tariffs to be lowered or exempted. Plus: Carvana shares rise after CEO says used-car businesses won’t be as affected by import taxes. And Cardinal Robert Francis Prevost becomes the first American-born Pope. Danny Lewis hosts.
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2:49
European Union Readies Possible Tariffs on U.S. Goods
Threat of levies on $107 billion of goods is in case negotiations fail. Plus: U.S. jobless claims fell last week, indicating labor market resilience. Molson Coors reported a drop in first-quarter net income. And Johnson & Johnson spinoff Kenvue saw Q1 earnings growth ahead of expectations. Charlotte Gartenberg hosts.
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2:50
Trump to Announce U.K. Trade-Deal Framework
Plus: The Trump administration is planning to overhaul regulations that limit AI chip sales to some countries. And Maersk backs its guidance despite cautioning on container demand. Kate Bullivant hosts.
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2:51
Stocks Rise After Federal Reserve Holds Rates Steady
Fed Chair Jerome Powell says risks to economic growth from President Trump’s tariffs haven’t appeared yet, but his concerns have some investors worried about stagflation. Plus: Disney shares jump after announcing plans for a new theme park in Abu Dhabi. Danny Lewis hosts.
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2:39
Disney Announces New Theme Park in Abu Dhabi
The House of Mouse also reported a March quarter rise in revenue. Plus: Uber swings to profit from bookings growth but misses Wall Street estimates. Pakistan vows to respond to India’s airstrikes. And the papal conclave to elect a new pope begins. Charlotte Gartenberg hosts.
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