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Tag: Economy

  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: American Tower Corp.

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: Norfolk Southern Corp.

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  • Asian stocks gain after optimism about AI sends Wall Street higher

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    TOKYO — U.S. futures were flat after President Donald Trump’s State of the Union speech, while Asian shares were mostly higher.

    Japan’s benchmark briefly hit a record high as investors were cheered by an overnight Wall Street rally driven by optimism about the artificial-intelligence boom.

    Tokyo’s Nikkei 225 surged 2.2% to 58,583.12.

    Shares also rose in China. Hong Kong’s Hang Seng rose 0.5% to 26,735.22, while the Shanghai Composite added 0.6% to 4,142.17.

    South Korea’s Kospi surged 2.1% to 6,093.33, as the benchmark continued to benefit from the global demand for computer chips.

    In Taiwan, the Taiex jumped 2.1% as shares in TSMC, the world’s largest contract manufacturer of computer chips, surged 2.5%.

    Australia’s S&P/ASX 200 jumped 1.2% to 9,128.30.

    In his speech, Trump focused on jobs, manufacturing and an economy he says is stronger than many Americans believe. He didn’t dwell on efforts to lower the cost of living — despite polling showing that his handling of the economy and kitchen-table issues has increasingly become a liability.

    The futures for the S&P 500 and the Dow Jones Industrial Average were nearly unchanged.

    On Tuesday, before the speech, the S&P 500 climbed 0.8% to 6,890.07. The Dow industrials added 0.8% to 49,174.50, and the Nasdaq composite climbed 1% to 22,863.68.

    Advanced Micro Devices helped lead the market and rallied 8.8% after announcing a multiyear deal where it will supply chips to Meta Platforms to help power its AI ambitions. Meta also got the right to buy up to 160 million shares of AMD stock for 1 cent each, depending in part on how many chips Meta ultimately buys.

    It’s a reminder of the excitement that built in recent years about the billions of dollars pouring into AI, producing a sharp turnaround from the prior day, when worries about the potential downsides of AI shook Wall Street. IBM rose 2.7% to recover some of its 13.1% drop from Monday, which was its worst since 2000.

    Chipmaking giant Nvidia is due to report its earnings later Wednesday in a quarterly report likely to sway a jittery stock market as investors weigh whether the massive bets riding on technology’s latest craze will pay off.

    As has been the case since Nvidia’s chipsets emerged as AI’s best building blocks, the expectations are sky high for the results covering the company’s fiscal quarter, covering November through January.

    Big U.S. companies have reported mostly better profits for the end of 2025 than analysts expected. Keysight Technologies rallied 23.1% for the biggest gain in the S&P 500, while Home Depot rose 2% after likewise delivering stronger profit and revenue than analysts expected.

    In the bond market, Treasury yields held relatively steady after a report said that confidence among U.S. consumers improved by more than economists expected. The yield on the 10-year Treasury held at 4.03%, where it was late Monday.

    In other dealings early Wednesday, benchmark U.S. crude oil added 48 cents to $66.11 a barrel. Brent crude, the international standard, rose 48 cents to $71.06 a barrel.

    The U.S. dollar slipped to 155.82 Japanese yen from 155.91 yen. The dollar traded close to 160 yen levels several months ago. The euro cost $1.1803, up from $1.1774.

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    Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

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  • Douglas County adopts law requiring stores to report theft — but drops fines for failing to do so

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    Douglas County commissioners passed a measure Tuesday that requires hundreds of retail stores in unincorporated parts of the county to file a report with law enforcement when thieves rip them off.

    But unlike an initial version of the law that was made public in December, the county will levy no fines on retailers for failing to do so — instead leaving any decision about punishment to a local court.

    The first version of the law called for fines of $50, and all the way up to $1,000, for businesses that failed to report a crime. That caused some unease in the business community that Douglas County was overreaching.

    Commissioner Abe Laydon said during the business meeting Tuesday that the ordinance was not meant to punish retailers but to keep the community safe.

    “This is the most prosperous county in the state of Colorado — we don’t want us to become a target for organized crime,” he said. “When we tolerate organized retail theft, we normalize lawlessness.”

    The latest rendition of the ordinance increased the time — from 24 hours to 96 hours — that businesses will have to report a theft. It also allows a retailer to report a crime via an online form rather than have police called to the scene.

    That was enough to allay concerns from Chris Howes, the president of the Colorado Retail Council. In an attempt to make the measure more palatable to local businesses, he said his organization had some “fruitful discussions” with the county after the law was first unveiled.

    “We don’t feel it punishes retail,” he said. “The focus on retail crime is overall going to be a benefit to us.”

    District Attorney George Brauchler said he wants to get the message across that “we do not tolerate thieves.”

    “If you come here to steal from us, plan on staying,” he said in a statement Tuesday. “Business owners and citizens alike should know that we will continue to protect their property rights.”

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  • Trump uses longest-ever State of the Union to try to convince voters that US is ‘winning so much’

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    President Donald Trump declared during a marathon State of the Union on Tuesday that “we’re winning so much” — insisting he’d sparked an economic boom at home and imposed a new world order abroad in hopes it can counter his sliding approval ratings.We fact-checked the State of the Union address with Hearst Television’s National Investigative Unit and our partners at PolitiFact. To follow along with live updates, click here. Trump’s main objective was convincing increasingly wary Americans that the economy is stronger than many believe, and that they should vote for more of the same by backing Republicans during November’s midterm elections. In all, Trump spoke for a record 108 minutes, breaking — by eight minutes — the previous time mark from his address before a joint session of Congress last year.The president largely avoided his usual bombast, only occasionally veering off-script — mostly to slam Democrats. As he did during such addresses in his first term, Trump relied on a series of surprise special guests to dramatically punctuate his message. They included U.S. military heroes and a former political prisoner released after U.S. forces toppled Venezuelan President Nicolás Maduro.Video below: See Trump’s full speech Trump drew some of the loudest applause of the night when he invited the Olympic gold medal-winning U.S. men’s hockey team into the House chamber.“Our country is winning again. In fact, we’re winning so much that we really don’t know what to do about it. People are asking me, ‘Please, please, please, Mister President, we’re winning too much. We can’t take it anymore,’” Trump said before introducing the team.The hockey players, wearing their medals and “USA” sweaters, drew a bipartisan standing ovation. Trump pointed to the Democratic side of the chamber and quipped, “That’s the first time I ever I’ve ever seen them get up.”In a made-for-TV moment, the president announced he would be awarding the Presidential Medal of Freedom, America’s highest civilian honor, to the hockey team’s goaltender, Connor Hellebuyck. He also bestowed the Purple Heart on Andrew Wolfe — a National Guard member who was shot while deployed on the streets of the nation’s capital. Wolfe made his first public appearance since then during the speech.That scene recalled a similar surprise announcement in 2020, when Trump gave the Medal of Freedom to conservative radio host Rush Limbaugh during his State of the Union speech. Video below: Fact-checking President Trump’s State of the Union addressTrump decries tariff decision as justices look onThe president championed his immigration crackdowns and his push to preserve widespread tariffs that the Supreme Court just struck down. He drew applause only from Democrats while describing the high court’s decision, which he called “an unfortunate ruling.”Trump vowed to plow ahead, using “alternative” laws to impose the taxes on imports and telling lawmakers, “Congressional action will not be necessary.” Trump argued that the tariffs are paid by foreign countries, despite evidence that the costs are borne by American consumers and businesses. “It’s saving our country,” he said.The only Supreme Court justices attending were Chief Justice John Roberts, as well as Justices Brett Kavanaugh, Amy Coney Barrett and Elena Kagan. Trump greeted them personally before the speech, despite last week slamming Coney Barrett — who he appointed to the high court in his first term — for siding with the majority against his tariffs.Democrats also stood for Trump vowing to halt insider trading by members of Congress. But Rep. Mark Takano, a California Democrat, yelled, “How about you first!” Rep. Rashida Tlaib, a Michigan Democrat, called out, “You’re the most corrupt president!”When some heckling continued, Trump proclaimed, “You should be ashamed of yourselves.” Later, he pointed at Democrats and proclaimed, “These people are crazy.”Democratic Rep. Al Green was escorted from the chamber early in the speech, after he unfurled a sign of protest that read “Black People Aren’t Apes!” That was an apparent reference to a racist video the president posted that depicted former President Barack Obama and First Lady Michelle Obama as primates in a jungle. Green was also removed during Trump’s address last year.The president, meanwhile, was mostly optimistic and patriotic, but Trump struck a darker tone in large swaths of his speech to warn about the dangers posed by immigrants. He invited lawmakers from both parties to “protect American citizens, not illegal aliens” and championed proposals to limit mail-in ballots and tighten voter identification rules.Affordability gets relatively little timeTrump didn’t dwell on efforts to lower the cost of living — despite polling showing that his handling of the economy and kitchen-table issues has increasingly become a liability. Such concerns about the high costs of living helped propel Democratic wins around the country on Election Day last November.There also are persistent fears that tariffs stoking higher prices could eventually hurt the economy and job creation. Economic growth slowed in the last three months of last year.It is potentially politically perilous ahead of November elections that could deliver congressional wins to Democrats, just as 2018’s blue wave created a strong check to his administration during his first term.On Tuesday, Trump blamed his predecessor, former President Joe Biden, along with Democratic lawmakers in the chamber, saying they were responsible for rising prices and health care costs, two issues his political opponents have repeatedly raised against him.“You caused that problem,” Trump said of affordability concerns. He added a moment later, “They knew their statements were a dirty, rotten lie.”Trump also said he’d press tech companies involved in artificial intelligence to pay higher electricity rates in areas where their data centers are located. Such data centers tend to use large volumes of electricity, potentially increasing the cost of power to other consumers in the area.Another notable off-script moment came as Trump was referencing prescription drug prices, saying, “So in my first year of the second term — should be my third term — but strange things happen,” prompting at least one chant in the chamber of “Four more years!”Virginia Gov. Abigail Spanberger, who delivered the Democratic response to Trump’s speech, slammed the president’s aggressive immigration policies, his widespread cuts to the federal government and his tariffs.“Even though the Supreme Court struck these tariffs down four days ago, the damage to us, the American people, has already been done. Meanwhile, the president is planning for new tariffs,” she said. “Another massive tax hike on you and your family.”A warning to IranTrump’s address came as two U.S. aircraft carriers have been dispatched to the Middle East amid tensions with Iran. Trump said, “My preference is to solve this problem through diplomacy.”“But one thing is certain, I will never allow the world’s number one sponsor of terror — which they are, by far — to have a nuclear weapon,” he added.The president also recounted U.S. airstrikes last summer that pounded Tehran’s nuclear capabilities, and lauded the raid that ousted Maduro in Venezuela — as well as his administration’s brokering of a ceasefire in Israel’s war with Hamas in Gaza.“As president, I will make peace wherever I can,” Trump said. “But I will never hesitate to confront threats to America, wherever we must.”Here’s a look at more of the night’s events:Trump makes scant mention of immigration, long a favorite issueImmigration helped carry Trump to victory in 2024 and it has long been a signature issue for him, but he barely discussed the aggressive and highly consequential steps he took to reshape the immigration system during his fist year in office.He didn’t talk about key initiatives under his $170-billion immigration enforcement package that Congress approved: vastly expanding immigration detention, doubling the size of U.S. Immigration and Customs Enforcement and building more border wall. He didn’t talk about major policy changes like attempting to end birthright citizenship, denying bond to people who are in immigration custody, suspending asylum at the border and revoking legal status for hundreds of thousands of people who are in the United States on humanitarian grounds.And he didn’t discuss his mass deportation campaign — just weeks after Minnesota’s largest cities turned into battlegrounds between immigration officers and protesters and resulted in U.S. officials fatally shooting two U.S. citizens.Video below — “You should be ashamed”: President Trump, Democrats get into shouting match during big moment of State of the UnionSpanberger calls immigration crackdown a drain on law enforcementThe flood of immigration agents into cities like Minneapolis is unnecessary, wasteful and spreads fear, Spanberger said.“Every minute spent sowing fear is a minute not spent investigating murders, crimes against children, or the criminals defrauding seniors of their life savings,” she said. “Our broken immigration system is something to be fixed, not an excuse for unaccountable agents to terrorize our communities.”Video below: See the full 2026 Democratic SOTU responseSpanberger slams ‘poorly trained’ immigration officers“Our president has sent poorly trained federal agents into our cities, where they have arrested and detained American citizens and people who aspire to be Americans.”Spanberger is criticizing how Trump’s mass deportation agenda is being carried out in places like Chicago and Minneapolis.Her comments come just a day after a whistleblower told Congress about how new ICE recruits are being trained and the problems with that training.Ryan Schwank accused the Department of Homeland Security of dismantling the training program for new deportation officers and lying about what they were doing.DHS has said that there’s been no compromise or corner cutting when it comes to preparing new deportation officers.Spanberger poses questions about Trump’s second term in Democratic rebuttal“Is the president working to make life more affordable for you and your family? We all know the answer is no”Throughout her Democratic response to Trump’s address, Spanberger posed a series of questions to Americans, asking whether they feel life has improved since he returned to office.The Democrat, who flipped a Republican-held office last year, is hoping voters across the country will share that assessment when they head to the polls in November.Spanberger takes on affordability message in Democratic response to TrumpSpanberger is arguing in her Democratic rebuttal that costs remain high for many Americans more than a year into his second term.Her message, that families are still struggling under Trump’s policies, is one Democrats plan to carry nationwide ahead of the midterm elections. Party leaders point to Spanberger’s double-digit victory in Virginia last November as validation of a disciplined, cost-focused campaign they now hope to replicate across the country.Virginia governor delivers Democratic responseVirginia Gov. Abigail Spanberger is giving the Democratic Party’s response following Trump’s speech. California Sen. Alex Padilla, who made national headlines last year after being forced to the ground and handcuffed by federal agents, will deliver the party’s response in Spanish.Lawmakers leap to their feet with starkly divided responses as Trump concludes his addressRepublicans gave the president their final standing ovation of the night as he concluded his remarks. GOP lawmakers then proceeded to mingle in the chamber. Some walked up to congratulate the president on the celebratory mood in the chamber.Democrats also immediately leapt to their feet, though with no fanfare. The caucus almost immediately turned and streamed out of the chamber without applause. Some could be seen scoffing and shaking their heads shortly after Trump wrapped his remarks and descended from the House dais.A warning to IranTrump’s address came as two U.S. aircraft carriers have been dispatched to the Middle East amid tensions with Iran. Trump said, “My preference is to solve this problem through diplomacy.”“But one thing is certain, I will never allow the world’s number one sponsor of terror — which they are, by far — to have a nuclear weapon,” he added.The president also recounted U.S. airstrikes last summer that pounded Tehran’s nuclear capabilities, and lauded the raid that ousted Maduro in Venezuela — as well as his administration’s brokering of a ceasefire in Israel’s war with Hamas in Gaza.Less mentioned was Trump’s having strained U.S. military alliances with NATO, thanks to his push to seize Greenland from Denmark and his failure to take a harder line with Russian President Vladimir Putin in seeking an end to its war in Ukraine. Tuesday marked the fourth anniversary of the Russia-Ukraine war.First lady presents Medal of Honor to 100-year-old veteranTrump asked First Lady Melania Trump to present Royce Williams a Medal of Honor for his actions in a secret mission during the Korean War.A military aide was seen bringing the esteemed award down the stairs of the House gallery where Melania Trump and Williams were sitting before she put it around his neck while a standing ovation took over the chamber.“He didn’t even want to tell his wife. But the legend grew and grew,” Trump said about the clandestine mission. “But tonight, at 100 years old, this brave Navy captain is finally getting the recognition he deserves.” Another victory lap on Maduro and focus on Western HemisphereTrump again celebrated last month’s capture of the Venezuelan leader in an audacious military operation, saying the U.S. “just received from our new friend and partner, Venezuela, more than 80 million barrels of oil.” The Trump administration had previously said it was orchestrating the effort to sell a total of about 30 to 50 million barrels of Venezuelan oil that had been stranded by a partial blockade imposed by the administration.Trump paid tribute to a helicopter pilot who was wounded in the operation but still managed to carry out the mission and paused to award him the Congressional Medal of Honor.He also introduced a former political prisoner, Enrique Márquez, who was freed by the Venezuelan government last month following the U.S. operation. He was a presidential candidate in the 2024 election and a former member of the National Electoral Council.“This was an absolutely colossal victory for the security of the United States,” Trump boasted.Trump’s action against Maduro, coupled with an increasingly aggressive posture in the Western Hemisphere aimed at eliminating drug trafficking and illegal migration, are a concern for many in the region — although they also have won support from some smaller countries.Trump has likened the strategy to the Monroe Doctrine, with its rejection of outside influences and assertion of U.S. primacy throughout what the administration considers to be “America’s backyard.”U.S. forces, under Trump’s orders, have carried out dozens of military strikes on alleged drug-running vessels in the Caribbean, seized sanctioned oil tankers and tightened the embargo of Cuba as part of what the president is referring to as the “Donroe Doctrine.””We’re also restoring American security and dominance in the Western Hemisphere, acting to secure our national interests and defend our country from violence, drugs, terrorism and foreign interference,” Trump said.Record broken for longest SOTU speechTrump’s 108-minute speech broke his own record for the longest presidential address to Congress.The prior record was his own 100-minute speech last year to a joint session of Congress. A president’s first-year address to Congress is not technically considered a State of the Union.Before 2025, President Bill Clinton had the record with speeches clocking in at 89 minutes in 2000 and 85 minutes in 1995.On Monday, the president warned ahead of giving the address that the State of the Union would be long, saying, “I’m making a speech tomorrow night, and you’ll be hearing me say that,” he said. “I mean, it’s going to be a long speech because we have so much to talk about.”National Guard members shot in Washington honoredPresident Donald Trump presented the Purple Heart medal during his State of the Union Address and honored two National Guard members who were shot while patrolling in Washington last year. Trump paused his speech on Tuesday so a military officer could pin the medal on Air Force Staff Sgt. Andrew Wolfe in the House gallery. He also honored Army Spc. Sarah Beckstrom, who died from her injuries, as “a true American patriot” and introduced her parents. Wolfe and Beckstrom, members of the West Virginia National Guard, were ambushed in November while deployed to Washington as part of Trump’s executive order to battle what he said was rampant crime.Trump mentions killing of Mexican drug lordTrump appeared to reference the killing of Jalisco New Generation Cartel leader Nemesio Oseguera Cervantes, better known as “El Mencho.”The Mexican army killed Oseguera Cervantes Sunday in an attempt to capture him in the western state of Jalisco. Both Mexico and the United States confirmed that there was U.S. intelligence support for the operation.Trump said, “We’ve also taken down one of the most sinister cartel kingpins of all. You saw that yesterday.”Some 70 people died in the operation and violence that erupted after it.Trump touts shaky ceasefire deal in GazaAmong the several conflicts he claims to have ended, Trump mentioned the ongoing, fragile ceasefire deal in Gaza. “I negotiated every single hostage, both living and dead, has been returned home. Can you believe that? Nobody thought it was possible,” the president said during his speech. While the U.S.-brokered deal between Israel and Hamas has halted major military operations, freed the last hostages held by Hamas and ramped up aid deliveries to Gaza, a lasting resolution to the two-year war ignited by Hamas’ Oct. 7, 2023, attack into Israel remains elusive.Trump says Homeland Security shutdown is impacting snow cleanup“We’d love to give you a hand at cleaning it up, but you gave no money. Nobody’s getting paid.”Trump said the DHS shutdown was preventing the federal government from “helping people clean up their snow,” referring to the massive snowstorm that impacted much of the northeastern U.S. this week.The Federal Emergency Management Agency, housed under DHS, rarely helps states with snow cleanup, except in some instances of record snowfall or near-record snowfall, or when an ice storm causes catastrophic damage. States first request a disaster declaration that the president must approve.A government shutdown also doesn’t necessarily stop FEMA disaster response: The more than 10,000 staff who make up the bulk of FEMA’s disaster response and recovery force continue to work and be paid during a government shutdown, and disaster spending can continue for as long as the agency’s non-lapsing Disaster Relief Fund has money.Trump highlights case of Ukrainian woman killed on North Carolina train“We will ensure justice for your magnificent daughter, Iryna.”Among those in the audience was the mother of 23-year-old Iryna Zarutska, an Ukrainian refugee who was fatally stabbed by a man on a North Carolina commuter train last August.Her killing captured on camera in Charlotte sparked intense criticism over why the suspect, Decarlos Brown Jr., was on the street despite 14 prior criminal arrests.The Trump administration has pointed to the killing to argue that local leaders, judges and policies in Democratic-led cities are failing to protect their residents from violent crime.Brown has been charged with a federal crime that could carry the death penalty.Erika Kirk recognizedErika Kirk, the widow of influential conservative commentator Charlie Kirk, who was assassinated this past fall, was recognized during President Trump’s State of the Union address Tuesday. The president also called for an end to political violence.Trump talks about recent SCOTUS ruling on tariffsTrump drew applause only from Democrats while describing the Supreme Court’s ruling last week, striking down many of his signature tariff policies. The president called it “an unfortunate ruling” and said “everything was working well” before the court’s decision.But Trump said he would plow ahead, using “alternative” laws to impose the taxes on imports and telling lawmakers, “Congressional action will not be necessary.”He also made a bold prediction, suggesting that someday tariffs would “substantially replace” the modern income tax system. He claimed the tariffs are paid by foreign countries despite evidence that the costs are borne by American consumers and businesses.“It’s saving our country,” Trump said of tariffs, adding that they were “peace-protecting.”The Supreme Court justices in attendance were the same who came to Trump’s address to a joint session of Congress last March: Chief Justice John Roberts, as well as Justices Brett Kavanaugh, Amy Coney Barrett and Elena Kagan. Trump greeted the justices and even shook handswith Coney Barrett, after previously slamming her for siding with the majority against Trump’s tariffs — despite him appointing her to the high court in his first term.Trump tells Democrats they’re responsible for high costs“You caused that problem.”Trump directly addressed Democrats, blaming them for the high costs that are troubling voters. This has been a major theme of Trump’s speech tonight and is also an argument he makes frequently when talking about the economy.Recent polling shows rising frustration with Trump’s approach to the economy.He went on to directly blame Democrats for health care costs, a problem he told them is “caused by you.” He cited the Affordable Care Act, former President Barack Obama’s health care law that Republicans have tried and failed to repeal.Trump touts his health care proposal, which hasn’t made headway in Congress yet“That’s why I introduced the Great Healthcare Plan. I want to stop all payments to big insurance companies and instead give that money directly to the people so they can buy their own health care.”Trump is referring to a health care proposal he pitched to congressional Republicans in January, in hopes that they would turn it into legislation to make health care more affordable. No such legislation has gotten enough momentum to pass yet.His pitch, a general outline of ideas he wants turned into law, calls for sending money directly to Americans in health savings accounts so they can handle health costs as they see fit.Democrats have rejected the idea as a paltry substitute for Affordable Care Act tax credits that had helped lower monthly premiums for many people before the Republican-led Congress let them expire in the new year.House Democrat leaves chamber shaking head during Trump’s speechRep. Lauren Underwood, the head of the House Democrats’ campaign arm’s candidate recruitment efforts, left the chamber during Trump’s speech. Underwood shook her head as she stood with her purse and coat.The Illinois Democrat waved goodbye to some of her Democratic women colleagues. The women, who were each wearing white as an homage to the suffragist movement, exchanged chuckles before Underwood quietly darted out the back.Trump’s big tax breaks bill divides the CongressRepublicans jumped to cheer on their side of the aisle when Trump praised the GOP majority in Congress that “delivered so beautifully” in passing the bill last year.And when Trump criticized Democrats for voting against it, they too stood and cheered.The bill that became law is the most significant legislative achievement for the president and his party, so far, in his second term.It extended many tax cuts that had been approved during Trump’s first term and were about to expire. The package also offered new tax breaks, including no taxes on tips, overtime pay and others.Trump investment accounts for kids get a shoutout“Tax free investment accounts for every American child. This is something that’s so special. It has taken off and gone through the roof.”Part of Trump’s tax legislation, Trump Accounts are meant to give $1,000 to every newborn, so long as their parents open an account.That money is then invested in the stock market by private firms, and the child can access the money when they turn 18.Parents can contribute up to $2,500 annually in pretax income, and yearly contributions are capped at $5,000. Some of the country’s wealthiest businesspeople have contributed tens of billions of dollars to the initiative, including billionaires Michael and Susan Dell and hedge fund founder Ray Dalio and his wife Barbara.Several major companies announced plans to add Trump Accounts contributions to their benefits packages, including Uber, Intel, IBM, Nvidia and Steak ’n Shake.Outside of the Capitol, Democratic lawmakers respond to Trump’s addressA number of Democratic lawmakers chose to skip the president’s address, with some gathering just outside the Capitol on the National Mall for a “People’s State of the Union.” Standing alongside activists, they argued that Trump’s speech would not offer an accurate portrayal of the state of the nation.“We know our state of the union. We know it is under attack,” said Sen. Chris Van Hollen of Maryland. Democrats held other counterprogramming as well, including a “State of the Swamp” event. The party’s formal rebuttal, however, was scheduled to come from Virginia Gov. Abigail Spanberger following Trump’s address.Trump touts Republicans’ massive tax and spending law“I urged this Congress to begin the mission by passing the largest tax cuts in American history, and our Republican majorities delivered so beautifully. Thank you, Republicans.”Republicans’ tax and spending package that Trump signed into law last summer includes various provisions that eliminate federal income taxes on tips for people working in jobs that have traditionally received them, a deduction for older Americans, and the creation of Trump accounts.Trump says he’ll give Medal of Freedom to Team USA hockey goalie“I will soon be presenting Connor with our highest civilian honor.”Trump announced that he will award the Presidential Medal of Freedom to Team USA hockey goalie Connor Hellebuyck. Trump said the award has been given to “many athletes over the years.”Hellebuyck made 41 saves, many of them spectacular, during the United States’ 2-1 victory over Canada for the gold medal at the Milan Cortina Games.In his first term, Trump honored athletes including golfer Tiger Woods and football players Alan Page and Roger Staubach with the Medal of Freedom. He also awarded it posthumously to baseball great Babe Ruth.US Men’s Olympic Hockey team receives standing ovation and chants of ‘USA’ after Trump shoutoutIn a rare display of bipartisanship, members of the Men’s Olympic Hockey team received a standing ovation as they entered the House chamber after a shoutout from Trump.The players received multiple rounds of applause, chants of “USA” and pumped fists from lawmakers. Rep. Lisa McClain, the Republican House Conference Chair, shouted, “Love you!”Members of the team stood in the gallery seats overlooking the House floor after Trump praised them. Several smiled and waved at the crowd.Trump then gave a shoutout to the women’s team, who also received a standing ovation despite not being in attendance. Both teams won gold at the Winter Olympics in Milan.Video below: Trump brings the Team USA Men’s Hockey Team into the House galleryTrump invites the USA women’s hockey team to the White HouseThe USA women’s hockey team — who, like their male counterparts, were champions at the recent Winter Olympics — will get their due from Washington soon.The women’s team had declined an invitation from Trump to attend Tuesday’s State of the Union due to the timing of the address.As the gold medal-winning men’s team made their appearance during the speech, Trump announced that the women’s team “will soon be coming to the White House.”Trump says US has received over 80 million barrels of Venezuelan oilThe president said the U.S. has received more than 80 million barrels of oil from its “new friend and partner, Venezuela.”That exceeds what his administration had initially projected in the days after the U.S. military carried out a stunning raid in Venezuela’s capital last month and captured then-President Nicolás Maduro.Venezuela’s oil industry produces roughly 1 million barrels a day. The country has the world’s largest proven oil reserves.Trump vowed to turn around Venezuela’s crippling oil industry after Maduro was captured and taken to New York to face drug trafficking charges.Rep. Al Green is escorted from the chamber as Republicans chant ‘USA’The House Sergeant at Arms approached and escorted Green, who stood as Trump began speaking with a sign reading “Black People Aren’t Apes!” from the chamber barely two minutes into the address.Two Trump allies, Rep. Troy Nehls of Texas and Sen. Markwayne Mullin of Oklahoma, had approached the area where Green was sitting before Capitol Police escorted him out.Before Green exited, some Republicans began chanting “USA.”Video below: U.S. Rep. Al Green of Texas escorted out of the State of the UnionTrump begins speech“Our nation is back — bigger, better, richer and stronger than ever before.”Trump opened with a triumphant assessment of his first year back in the White House, declaring, “this is the golden age of America.”Trump begins State of the Union address“USA!” chants erupted in the chamber after House Speaker Mike Johnson introduced the president.The president immediately acknowledged first lady Melania Trump and second lady Usha Vance, who both received standing ovations from Republicans.Most Democrats remained seated without applauding. Some of the party’s lawmakers registered their opposition by refraining from attending the speech.Trump briefly greets Supreme Court justicesThe president briefly greeted the four Supreme Court justices, shaking their hands before quickly moving on.Representing the court were Chief Justice John Roberts, Elena Kagan and two of Trump’s appointees, Brett Kavanaugh and Elena Kagan.The greetings were notable because Trump angrily lashed out at the court after the justices in a 6-3 opinion Friday struck down his tariffs, a signature element of his economic policy.Roberts, Coney Barrett and another Trump appointee, Neil Gorsuch, joined the court’s three liberal justices in voting down the tariffs.Trump enters House chamberAfter being announced, President Trump entered the House and made his way to the podium while shaking hands along the way. The president received a standing ovation from across the chamber. Congressional Republicans, Supreme Court justices and the Joint Chiefs of Staff all clapped, and cheers could be heard from the crowd and gallery overlooking the House floor. Trump’s Cabinet entersMost members of the Cabinet chatted with lawmakers. Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Attorney General Pam Bondi shook hands with legislators, Supreme Court Justices and members of the Joint Chiefs of Staff before taking their seats.Hegseth chatted and laughed with generals. Commerce Secretary Howard Lutnick mingled with senators. Transportation Secretary Scott Duffy enthusiastically shook the hand of Rep. Al Green, a frequent Trump critic, approaching and speaking with a group of Democratic senators.Health and Human Services Secretary Robert F. Kennedy Jr. and Housing and Urban Development Secretary Scott Turner struck up conversations with lawmakers.Who’s the designated survivor?They typically start the day as low-profile Cabinet secretaries. They end it that way, too, God willing.But when the rest of the government is gathered together for a big event, like Trump’s State of the Union address, a designated survivor is kept away to ensure someone in the line of leadership succession stays alive.The president’s pick to sit out this time appeared to be Veterans Affairs Secretary Doug Collins, who was also chosen as the designated survivor last year for the president’s address to a joint session of Congress. Collins was not seen in the chamber. The White House did not immediately confirm he was chosen.First lady Melania Trump receives a standing ovation as she enters the chamberRepublicans and attendees in the gallery overlooking the House floor cheered and whistled for the first lady as she waved to her fellow attendees.Democrats stood, but few clapped.Justices of the Supreme Court arrive for State of the Union after Trump’s callsChief Justice John Roberts and Associate Justices Elena Kagan, Brett Kavanaugh and Amy Coney Barrett took their seats directly in front of the dais where the president is set to speak.Trump last week called justices “disloyal” after the high court delivered a ruling that struck down his tariff regime on imported goods.“I couldn’t care less if they come,” he later said on whether the justices should attend tonight’s address.Trump arrives at the CapitolThe president left the White House at 8:33 p.m. and arrived at the Capitol at 8:41 p.m. His address is scheduled to begin at 9 p.m.Video below: What to expect from President Trump’s State of the Union address Vice President JD Vance and US senators enter House chamberVance and Senate Majority Leader John Thune shook hands with lawmakers as they entered.Senate Democratic Minority Leader Chuck Schumer followed alongside the rest of the senators in attendance.The gallery broke out into applause at the senators’ arrivals.

    President Donald Trump declared during a marathon State of the Union on Tuesday that “we’re winning so much” — insisting he’d sparked an economic boom at home and imposed a new world order abroad in hopes it can counter his sliding approval ratings.

    We fact-checked the State of the Union address with Hearst Television’s National Investigative Unit and our partners at PolitiFact. To follow along with live updates, click here.

    Trump’s main objective was convincing increasingly wary Americans that the economy is stronger than many believe, and that they should vote for more of the same by backing Republicans during November’s midterm elections. In all, Trump spoke for a record 108 minutes, breaking — by eight minutes — the previous time mark from his address before a joint session of Congress last year.

    The president largely avoided his usual bombast, only occasionally veering off-script — mostly to slam Democrats. As he did during such addresses in his first term, Trump relied on a series of surprise special guests to dramatically punctuate his message. They included U.S. military heroes and a former political prisoner released after U.S. forces toppled Venezuelan President Nicolás Maduro.

    Video below: See Trump’s full speech

    Trump drew some of the loudest applause of the night when he invited the Olympic gold medal-winning U.S. men’s hockey team into the House chamber.

    “Our country is winning again. In fact, we’re winning so much that we really don’t know what to do about it. People are asking me, ‘Please, please, please, Mister President, we’re winning too much. We can’t take it anymore,’” Trump said before introducing the team.

    The hockey players, wearing their medals and “USA” sweaters, drew a bipartisan standing ovation. Trump pointed to the Democratic side of the chamber and quipped, “That’s the first time I ever I’ve ever seen them get up.”

    In a made-for-TV moment, the president announced he would be awarding the Presidential Medal of Freedom, America’s highest civilian honor, to the hockey team’s goaltender, Connor Hellebuyck. He also bestowed the Purple Heart on Andrew Wolfe — a National Guard member who was shot while deployed on the streets of the nation’s capital. Wolfe made his first public appearance since then during the speech.

    That scene recalled a similar surprise announcement in 2020, when Trump gave the Medal of Freedom to conservative radio host Rush Limbaugh during his State of the Union speech.

    Video below: Fact-checking President Trump’s State of the Union address

    Trump decries tariff decision as justices look on

    The president championed his immigration crackdowns and his push to preserve widespread tariffs that the Supreme Court just struck down. He drew applause only from Democrats while describing the high court’s decision, which he called “an unfortunate ruling.”

    Trump vowed to plow ahead, using “alternative” laws to impose the taxes on imports and telling lawmakers, “Congressional action will not be necessary.” Trump argued that the tariffs are paid by foreign countries, despite evidence that the costs are borne by American consumers and businesses. “It’s saving our country,” he said.

    The only Supreme Court justices attending were Chief Justice John Roberts, as well as Justices Brett Kavanaugh, Amy Coney Barrett and Elena Kagan. Trump greeted them personally before the speech, despite last week slamming Coney Barrett — who he appointed to the high court in his first term — for siding with the majority against his tariffs.

    Democrats also stood for Trump vowing to halt insider trading by members of Congress. But Rep. Mark Takano, a California Democrat, yelled, “How about you first!” Rep. Rashida Tlaib, a Michigan Democrat, called out, “You’re the most corrupt president!”

    When some heckling continued, Trump proclaimed, “You should be ashamed of yourselves.” Later, he pointed at Democrats and proclaimed, “These people are crazy.”

    Democratic Rep. Al Green was escorted from the chamber early in the speech, after he unfurled a sign of protest that read “Black People Aren’t Apes!” That was an apparent reference to a racist video the president posted that depicted former President Barack Obama and First Lady Michelle Obama as primates in a jungle. Green was also removed during Trump’s address last year.

    The president, meanwhile, was mostly optimistic and patriotic, but Trump struck a darker tone in large swaths of his speech to warn about the dangers posed by immigrants. He invited lawmakers from both parties to “protect American citizens, not illegal aliens” and championed proposals to limit mail-in ballots and tighten voter identification rules.

    Affordability gets relatively little time

    Trump didn’t dwell on efforts to lower the cost of living — despite polling showing that his handling of the economy and kitchen-table issues has increasingly become a liability. Such concerns about the high costs of living helped propel Democratic wins around the country on Election Day last November.

    There also are persistent fears that tariffs stoking higher prices could eventually hurt the economy and job creation. Economic growth slowed in the last three months of last year.

    It is potentially politically perilous ahead of November elections that could deliver congressional wins to Democrats, just as 2018’s blue wave created a strong check to his administration during his first term.

    On Tuesday, Trump blamed his predecessor, former President Joe Biden, along with Democratic lawmakers in the chamber, saying they were responsible for rising prices and health care costs, two issues his political opponents have repeatedly raised against him.

    “You caused that problem,” Trump said of affordability concerns. He added a moment later, “They knew their statements were a dirty, rotten lie.”

    Trump also said he’d press tech companies involved in artificial intelligence to pay higher electricity rates in areas where their data centers are located. Such data centers tend to use large volumes of electricity, potentially increasing the cost of power to other consumers in the area.

    Another notable off-script moment came as Trump was referencing prescription drug prices, saying, “So in my first year of the second term — should be my third term — but strange things happen,” prompting at least one chant in the chamber of “Four more years!”

    Virginia Gov. Abigail Spanberger, who delivered the Democratic response to Trump’s speech, slammed the president’s aggressive immigration policies, his widespread cuts to the federal government and his tariffs.

    “Even though the Supreme Court struck these tariffs down four days ago, the damage to us, the American people, has already been done. Meanwhile, the president is planning for new tariffs,” she said. “Another massive tax hike on you and your family.”

    A warning to Iran

    Trump’s address came as two U.S. aircraft carriers have been dispatched to the Middle East amid tensions with Iran. Trump said, “My preference is to solve this problem through diplomacy.”

    “But one thing is certain, I will never allow the world’s number one sponsor of terror — which they are, by far — to have a nuclear weapon,” he added.

    The president also recounted U.S. airstrikes last summer that pounded Tehran’s nuclear capabilities, and lauded the raid that ousted Maduro in Venezuela — as well as his administration’s brokering of a ceasefire in Israel’s war with Hamas in Gaza.

    “As president, I will make peace wherever I can,” Trump said. “But I will never hesitate to confront threats to America, wherever we must.”

    Here’s a look at more of the night’s events:

    Trump makes scant mention of immigration, long a favorite issue

    Immigration helped carry Trump to victory in 2024 and it has long been a signature issue for him, but he barely discussed the aggressive and highly consequential steps he took to reshape the immigration system during his fist year in office.

    He didn’t talk about key initiatives under his $170-billion immigration enforcement package that Congress approved: vastly expanding immigration detention, doubling the size of U.S. Immigration and Customs Enforcement and building more border wall. He didn’t talk about major policy changes like attempting to end birthright citizenship, denying bond to people who are in immigration custody, suspending asylum at the border and revoking legal status for hundreds of thousands of people who are in the United States on humanitarian grounds.

    And he didn’t discuss his mass deportation campaign — just weeks after Minnesota’s largest cities turned into battlegrounds between immigration officers and protesters and resulted in U.S. officials fatally shooting two U.S. citizens.

    Video below — “You should be ashamed”: President Trump, Democrats get into shouting match during big moment of State of the Union

    Spanberger calls immigration crackdown a drain on law enforcement

    The flood of immigration agents into cities like Minneapolis is unnecessary, wasteful and spreads fear, Spanberger said.

    “Every minute spent sowing fear is a minute not spent investigating murders, crimes against children, or the criminals defrauding seniors of their life savings,” she said. “Our broken immigration system is something to be fixed, not an excuse for unaccountable agents to terrorize our communities.”

    Video below: See the full 2026 Democratic SOTU response

    Spanberger slams ‘poorly trained’ immigration officers

    “Our president has sent poorly trained federal agents into our cities, where they have arrested and detained American citizens and people who aspire to be Americans.”

    Spanberger is criticizing how Trump’s mass deportation agenda is being carried out in places like Chicago and Minneapolis.

    Her comments come just a day after a whistleblower told Congress about how new ICE recruits are being trained and the problems with that training.

    Ryan Schwank accused the Department of Homeland Security of dismantling the training program for new deportation officers and lying about what they were doing.

    DHS has said that there’s been no compromise or corner cutting when it comes to preparing new deportation officers.

    Spanberger poses questions about Trump’s second term in Democratic rebuttal

    “Is the president working to make life more affordable for you and your family? We all know the answer is no”

    Throughout her Democratic response to Trump’s address, Spanberger posed a series of questions to Americans, asking whether they feel life has improved since he returned to office.

    The Democrat, who flipped a Republican-held office last year, is hoping voters across the country will share that assessment when they head to the polls in November.

    Spanberger takes on affordability message in Democratic response to Trump

    Spanberger is arguing in her Democratic rebuttal that costs remain high for many Americans more than a year into his second term.

    Her message, that families are still struggling under Trump’s policies, is one Democrats plan to carry nationwide ahead of the midterm elections. Party leaders point to Spanberger’s double-digit victory in Virginia last November as validation of a disciplined, cost-focused campaign they now hope to replicate across the country.

    Virginia governor delivers Democratic response

    Virginia Gov. Abigail Spanberger is giving the Democratic Party’s response following Trump’s speech. California Sen. Alex Padilla, who made national headlines last year after being forced to the ground and handcuffed by federal agents, will deliver the party’s response in Spanish.

    Lawmakers leap to their feet with starkly divided responses as Trump concludes his address

    Republicans gave the president their final standing ovation of the night as he concluded his remarks. GOP lawmakers then proceeded to mingle in the chamber. Some walked up to congratulate the president on the celebratory mood in the chamber.

    Democrats also immediately leapt to their feet, though with no fanfare. The caucus almost immediately turned and streamed out of the chamber without applause. Some could be seen scoffing and shaking their heads shortly after Trump wrapped his remarks and descended from the House dais.

    A warning to Iran

    Trump’s address came as two U.S. aircraft carriers have been dispatched to the Middle East amid tensions with Iran. Trump said, “My preference is to solve this problem through diplomacy.”

    “But one thing is certain, I will never allow the world’s number one sponsor of terror — which they are, by far — to have a nuclear weapon,” he added.

    The president also recounted U.S. airstrikes last summer that pounded Tehran’s nuclear capabilities, and lauded the raid that ousted Maduro in Venezuela — as well as his administration’s brokering of a ceasefire in Israel’s war with Hamas in Gaza.

    Less mentioned was Trump’s having strained U.S. military alliances with NATO, thanks to his push to seize Greenland from Denmark and his failure to take a harder line with Russian President Vladimir Putin in seeking an end to its war in Ukraine. Tuesday marked the fourth anniversary of the Russia-Ukraine war.

    First lady presents Medal of Honor to 100-year-old veteran

    Trump asked First Lady Melania Trump to present Royce Williams a Medal of Honor for his actions in a secret mission during the Korean War.

    A military aide was seen bringing the esteemed award down the stairs of the House gallery where Melania Trump and Williams were sitting before she put it around his neck while a standing ovation took over the chamber.

    “He didn’t even want to tell his wife. But the legend grew and grew,” Trump said about the clandestine mission. “But tonight, at 100 years old, this brave Navy captain is finally getting the recognition he deserves.”

    Another victory lap on Maduro and focus on Western Hemisphere

    Trump again celebrated last month’s capture of the Venezuelan leader in an audacious military operation, saying the U.S. “just received from our new friend and partner, Venezuela, more than 80 million barrels of oil.” The Trump administration had previously said it was orchestrating the effort to sell a total of about 30 to 50 million barrels of Venezuelan oil that had been stranded by a partial blockade imposed by the administration.

    Trump paid tribute to a helicopter pilot who was wounded in the operation but still managed to carry out the mission and paused to award him the Congressional Medal of Honor.

    He also introduced a former political prisoner, Enrique Márquez, who was freed by the Venezuelan government last month following the U.S. operation. He was a presidential candidate in the 2024 election and a former member of the National Electoral Council.

    “This was an absolutely colossal victory for the security of the United States,” Trump boasted.

    Trump’s action against Maduro, coupled with an increasingly aggressive posture in the Western Hemisphere aimed at eliminating drug trafficking and illegal migration, are a concern for many in the region — although they also have won support from some smaller countries.

    Trump has likened the strategy to the Monroe Doctrine, with its rejection of outside influences and assertion of U.S. primacy throughout what the administration considers to be “America’s backyard.”

    U.S. forces, under Trump’s orders, have carried out dozens of military strikes on alleged drug-running vessels in the Caribbean, seized sanctioned oil tankers and tightened the embargo of Cuba as part of what the president is referring to as the “Donroe Doctrine.”

    “We’re also restoring American security and dominance in the Western Hemisphere, acting to secure our national interests and defend our country from violence, drugs, terrorism and foreign interference,” Trump said.

    Record broken for longest SOTU speech

    Trump’s 108-minute speech broke his own record for the longest presidential address to Congress.

    The prior record was his own 100-minute speech last year to a joint session of Congress. A president’s first-year address to Congress is not technically considered a State of the Union.

    Before 2025, President Bill Clinton had the record with speeches clocking in at 89 minutes in 2000 and 85 minutes in 1995.

    On Monday, the president warned ahead of giving the address that the State of the Union would be long, saying, “I’m making a speech tomorrow night, and you’ll be hearing me say that,” he said. “I mean, it’s going to be a long speech because we have so much to talk about.”

    National Guard members shot in Washington honored

    President Donald Trump presented the Purple Heart medal during his State of the Union Address and honored two National Guard members who were shot while patrolling in Washington last year.

    Trump paused his speech on Tuesday so a military officer could pin the medal on Air Force Staff Sgt. Andrew Wolfe in the House gallery.

    He also honored Army Spc. Sarah Beckstrom, who died from her injuries, as “a true American patriot” and introduced her parents.

    Wolfe and Beckstrom, members of the West Virginia National Guard, were ambushed in November while deployed to Washington as part of Trump’s executive order to battle what he said was rampant crime.

    Trump mentions killing of Mexican drug lord

    Trump appeared to reference the killing of Jalisco New Generation Cartel leader Nemesio Oseguera Cervantes, better known as “El Mencho.”

    The Mexican army killed Oseguera Cervantes Sunday in an attempt to capture him in the western state of Jalisco. Both Mexico and the United States confirmed that there was U.S. intelligence support for the operation.

    Trump said, “We’ve also taken down one of the most sinister cartel kingpins of all. You saw that yesterday.”

    Some 70 people died in the operation and violence that erupted after it.

    Trump touts shaky ceasefire deal in Gaza

    Among the several conflicts he claims to have ended, Trump mentioned the ongoing, fragile ceasefire deal in Gaza.

    “I negotiated every single hostage, both living and dead, has been returned home. Can you believe that? Nobody thought it was possible,” the president said during his speech.

    While the U.S.-brokered deal between Israel and Hamas has halted major military operations, freed the last hostages held by Hamas and ramped up aid deliveries to Gaza, a lasting resolution to the two-year war ignited by Hamas’ Oct. 7, 2023, attack into Israel remains elusive.

    Trump says Homeland Security shutdown is impacting snow cleanup

    “We’d love to give you a hand at cleaning it up, but you gave no money. Nobody’s getting paid.”

    Trump said the DHS shutdown was preventing the federal government from “helping people clean up their snow,” referring to the massive snowstorm that impacted much of the northeastern U.S. this week.

    The Federal Emergency Management Agency, housed under DHS, rarely helps states with snow cleanup, except in some instances of record snowfall or near-record snowfall, or when an ice storm causes catastrophic damage. States first request a disaster declaration that the president must approve.

    A government shutdown also doesn’t necessarily stop FEMA disaster response: The more than 10,000 staff who make up the bulk of FEMA’s disaster response and recovery force continue to work and be paid during a government shutdown, and disaster spending can continue for as long as the agency’s non-lapsing Disaster Relief Fund has money.

    Trump highlights case of Ukrainian woman killed on North Carolina train

    “We will ensure justice for your magnificent daughter, Iryna.”

    Among those in the audience was the mother of 23-year-old Iryna Zarutska, an Ukrainian refugee who was fatally stabbed by a man on a North Carolina commuter train last August.

    Her killing captured on camera in Charlotte sparked intense criticism over why the suspect, Decarlos Brown Jr., was on the street despite 14 prior criminal arrests.

    The Trump administration has pointed to the killing to argue that local leaders, judges and policies in Democratic-led cities are failing to protect their residents from violent crime.

    Brown has been charged with a federal crime that could carry the death penalty.

    Erika Kirk recognized

    Erika Kirk, the widow of influential conservative commentator Charlie Kirk, who was assassinated this past fall, was recognized during President Trump’s State of the Union address Tuesday. The president also called for an end to political violence.

    Trump talks about recent SCOTUS ruling on tariffs

    Trump drew applause only from Democrats while describing the Supreme Court’s ruling last week, striking down many of his signature tariff policies. The president called it “an unfortunate ruling” and said “everything was working well” before the court’s decision.

    But Trump said he would plow ahead, using “alternative” laws to impose the taxes on imports and telling lawmakers, “Congressional action will not be necessary.”

    He also made a bold prediction, suggesting that someday tariffs would “substantially replace” the modern income tax system. He claimed the tariffs are paid by foreign countries despite evidence that the costs are borne by American consumers and businesses.

    “It’s saving our country,” Trump said of tariffs, adding that they were “peace-protecting.”

    The Supreme Court justices in attendance were the same who came to Trump’s address to a joint session of Congress last March: Chief Justice John Roberts, as well as Justices Brett Kavanaugh, Amy Coney Barrett and Elena Kagan. Trump greeted the justices and even shook handswith Coney Barrett, after previously slamming her for siding with the majority against Trump’s tariffs — despite him appointing her to the high court in his first term.

    Trump tells Democrats they’re responsible for high costs

    “You caused that problem.”

    Trump directly addressed Democrats, blaming them for the high costs that are troubling voters. This has been a major theme of Trump’s speech tonight and is also an argument he makes frequently when talking about the economy.

    Recent polling shows rising frustration with Trump’s approach to the economy.

    He went on to directly blame Democrats for health care costs, a problem he told them is “caused by you.” He cited the Affordable Care Act, former President Barack Obama’s health care law that Republicans have tried and failed to repeal.

    Trump touts his health care proposal, which hasn’t made headway in Congress yet

    “That’s why I introduced the Great Healthcare Plan. I want to stop all payments to big insurance companies and instead give that money directly to the people so they can buy their own health care.”

    Trump is referring to a health care proposal he pitched to congressional Republicans in January, in hopes that they would turn it into legislation to make health care more affordable. No such legislation has gotten enough momentum to pass yet.

    His pitch, a general outline of ideas he wants turned into law, calls for sending money directly to Americans in health savings accounts so they can handle health costs as they see fit.

    Democrats have rejected the idea as a paltry substitute for Affordable Care Act tax credits that had helped lower monthly premiums for many people before the Republican-led Congress let them expire in the new year.

    House Democrat leaves chamber shaking head during Trump’s speech

    Rep. Lauren Underwood, the head of the House Democrats’ campaign arm’s candidate recruitment efforts, left the chamber during Trump’s speech. Underwood shook her head as she stood with her purse and coat.

    The Illinois Democrat waved goodbye to some of her Democratic women colleagues. The women, who were each wearing white as an homage to the suffragist movement, exchanged chuckles before Underwood quietly darted out the back.

    Trump’s big tax breaks bill divides the Congress

    Republicans jumped to cheer on their side of the aisle when Trump praised the GOP majority in Congress that “delivered so beautifully” in passing the bill last year.

    And when Trump criticized Democrats for voting against it, they too stood and cheered.

    The bill that became law is the most significant legislative achievement for the president and his party, so far, in his second term.

    It extended many tax cuts that had been approved during Trump’s first term and were about to expire. The package also offered new tax breaks, including no taxes on tips, overtime pay and others.

    Trump investment accounts for kids get a shoutout

    “Tax free investment accounts for every American child. This is something that’s so special. It has taken off and gone through the roof.”

    Part of Trump’s tax legislation, Trump Accounts are meant to give $1,000 to every newborn, so long as their parents open an account.

    That money is then invested in the stock market by private firms, and the child can access the money when they turn 18.

    Parents can contribute up to $2,500 annually in pretax income, and yearly contributions are capped at $5,000. Some of the country’s wealthiest businesspeople have contributed tens of billions of dollars to the initiative, including billionaires Michael and Susan Dell and hedge fund founder Ray Dalio and his wife Barbara.

    Several major companies announced plans to add Trump Accounts contributions to their benefits packages, including Uber, Intel, IBM, Nvidia and Steak ’n Shake.

    Outside of the Capitol, Democratic lawmakers respond to Trump’s address

    A number of Democratic lawmakers chose to skip the president’s address, with some gathering just outside the Capitol on the National Mall for a “People’s State of the Union.” Standing alongside activists, they argued that Trump’s speech would not offer an accurate portrayal of the state of the nation.

    “We know our state of the union. We know it is under attack,” said Sen. Chris Van Hollen of Maryland. Democrats held other counterprogramming as well, including a “State of the Swamp” event. The party’s formal rebuttal, however, was scheduled to come from Virginia Gov. Abigail Spanberger following Trump’s address.

    Trump touts Republicans’ massive tax and spending law

    “I urged this Congress to begin the mission by passing the largest tax cuts in American history, and our Republican majorities delivered so beautifully. Thank you, Republicans.”

    Republicans’ tax and spending package that Trump signed into law last summer includes various provisions that eliminate federal income taxes on tips for people working in jobs that have traditionally received them, a deduction for older Americans, and the creation of Trump accounts.

    Trump says he’ll give Medal of Freedom to Team USA hockey goalie

    “I will soon be presenting Connor with our highest civilian honor.”

    Trump announced that he will award the Presidential Medal of Freedom to Team USA hockey goalie Connor Hellebuyck. Trump said the award has been given to “many athletes over the years.”

    Hellebuyck made 41 saves, many of them spectacular, during the United States’ 2-1 victory over Canada for the gold medal at the Milan Cortina Games.

    In his first term, Trump honored athletes including golfer Tiger Woods and football players Alan Page and Roger Staubach with the Medal of Freedom. He also awarded it posthumously to baseball great Babe Ruth.

    US Men’s Olympic Hockey team receives standing ovation and chants of ‘USA’ after Trump shoutout

    In a rare display of bipartisanship, members of the Men’s Olympic Hockey team received a standing ovation as they entered the House chamber after a shoutout from Trump.

    The players received multiple rounds of applause, chants of “USA” and pumped fists from lawmakers. Rep. Lisa McClain, the Republican House Conference Chair, shouted, “Love you!”

    Members of the team stood in the gallery seats overlooking the House floor after Trump praised them. Several smiled and waved at the crowd.

    Trump then gave a shoutout to the women’s team, who also received a standing ovation despite not being in attendance. Both teams won gold at the Winter Olympics in Milan.

    Video below: Trump brings the Team USA Men’s Hockey Team into the House gallery

    Trump invites the USA women’s hockey team to the White House

    The USA women’s hockey team — who, like their male counterparts, were champions at the recent Winter Olympics — will get their due from Washington soon.

    The women’s team had declined an invitation from Trump to attend Tuesday’s State of the Union due to the timing of the address.

    As the gold medal-winning men’s team made their appearance during the speech, Trump announced that the women’s team “will soon be coming to the White House.”

    Trump says US has received over 80 million barrels of Venezuelan oil

    The president said the U.S. has received more than 80 million barrels of oil from its “new friend and partner, Venezuela.”

    That exceeds what his administration had initially projected in the days after the U.S. military carried out a stunning raid in Venezuela’s capital last month and captured then-President Nicolás Maduro.

    Venezuela’s oil industry produces roughly 1 million barrels a day. The country has the world’s largest proven oil reserves.

    Trump vowed to turn around Venezuela’s crippling oil industry after Maduro was captured and taken to New York to face drug trafficking charges.

    Rep. Al Green is escorted from the chamber as Republicans chant ‘USA’

    The House Sergeant at Arms approached and escorted Green, who stood as Trump began speaking with a sign reading “Black People Aren’t Apes!” from the chamber barely two minutes into the address.

    Two Trump allies, Rep. Troy Nehls of Texas and Sen. Markwayne Mullin of Oklahoma, had approached the area where Green was sitting before Capitol Police escorted him out.

    Before Green exited, some Republicans began chanting “USA.”

    Video below: U.S. Rep. Al Green of Texas escorted out of the State of the Union

    Trump begins speech

    “Our nation is back — bigger, better, richer and stronger than ever before.”

    Trump opened with a triumphant assessment of his first year back in the White House, declaring, “this is the golden age of America.”

    Trump begins State of the Union address

    “USA!” chants erupted in the chamber after House Speaker Mike Johnson introduced the president.

    The president immediately acknowledged first lady Melania Trump and second lady Usha Vance, who both received standing ovations from Republicans.

    Most Democrats remained seated without applauding. Some of the party’s lawmakers registered their opposition by refraining from attending the speech.

    Trump briefly greets Supreme Court justices

    The president briefly greeted the four Supreme Court justices, shaking their hands before quickly moving on.

    Representing the court were Chief Justice John Roberts, Elena Kagan and two of Trump’s appointees, Brett Kavanaugh and Elena Kagan.

    The greetings were notable because Trump angrily lashed out at the court after the justices in a 6-3 opinion Friday struck down his tariffs, a signature element of his economic policy.

    Roberts, Coney Barrett and another Trump appointee, Neil Gorsuch, joined the court’s three liberal justices in voting down the tariffs.

    Trump enters House chamber

    After being announced, President Trump entered the House and made his way to the podium while shaking hands along the way.

    The president received a standing ovation from across the chamber. Congressional Republicans, Supreme Court justices and the Joint Chiefs of Staff all clapped, and cheers could be heard from the crowd and gallery overlooking the House floor.

    Trump’s Cabinet enters

    Most members of the Cabinet chatted with lawmakers. Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Attorney General Pam Bondi shook hands with legislators, Supreme Court Justices and members of the Joint Chiefs of Staff before taking their seats.

    Hegseth chatted and laughed with generals. Commerce Secretary Howard Lutnick mingled with senators. Transportation Secretary Scott Duffy enthusiastically shook the hand of Rep. Al Green, a frequent Trump critic, approaching and speaking with a group of Democratic senators.

    Health and Human Services Secretary Robert F. Kennedy Jr. and Housing and Urban Development Secretary Scott Turner struck up conversations with lawmakers.

    Who’s the designated survivor?

    They typically start the day as low-profile Cabinet secretaries. They end it that way, too, God willing.

    But when the rest of the government is gathered together for a big event, like Trump’s State of the Union address, a designated survivor is kept away to ensure someone in the line of leadership succession stays alive.

    The president’s pick to sit out this time appeared to be Veterans Affairs Secretary Doug Collins, who was also chosen as the designated survivor last year for the president’s address to a joint session of Congress. Collins was not seen in the chamber. The White House did not immediately confirm he was chosen.

    First lady Melania Trump receives a standing ovation as she enters the chamber

    Republicans and attendees in the gallery overlooking the House floor cheered and whistled for the first lady as she waved to her fellow attendees.

    Democrats stood, but few clapped.

    Justices of the Supreme Court arrive for State of the Union after Trump’s calls

    Chief Justice John Roberts and Associate Justices Elena Kagan, Brett Kavanaugh and Amy Coney Barrett took their seats directly in front of the dais where the president is set to speak.

    Trump last week called justices “disloyal” after the high court delivered a ruling that struck down his tariff regime on imported goods.

    “I couldn’t care less if they come,” he later said on whether the justices should attend tonight’s address.

    Trump arrives at the Capitol

    The president left the White House at 8:33 p.m. and arrived at the Capitol at 8:41 p.m. His address is scheduled to begin at 9 p.m.

    Video below: What to expect from President Trump’s State of the Union address

    Vice President JD Vance and US senators enter House chamber

    Vance and Senate Majority Leader John Thune shook hands with lawmakers as they entered.

    Senate Democratic Minority Leader Chuck Schumer followed alongside the rest of the senators in attendance.

    The gallery broke out into applause at the senators’ arrivals.

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  • These 3 charts highlight the affordability issues Americans worry about most

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    President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they’re worried about everything from the price of food to spiraling health care costs.

    The president touted his work during his first year back in office, saying, “inflation is plummeting, incomes are rising fast, the roaring economy is roaring like never before.”

    By conventional metrics, the economy looks resilient. Unemployment remains low at 4.3%; inflation is cooling; and GDP is expanding, with the U.S. largely shrugging off the impact of tariffs that economists feared could trigger a recession. Consumers — whose spending keeps the economy humming — also report feeling more confident of late amid a burst in January job creation. 

    At the same time, many households still report grappling with stubbornly high prices for essentials like food, housing and health insurance, a disconnect that underscores the challenge Mr. Trump faces in touting his economic record.

    Mr. Trump has offered a range of proposals to address affordability issues. Yet some of the most visible initiatives, such as a push to cap credit card rates at 10%, have yet to show benefits, Bankrate senior economic analyst Mark Hamrick said in an email. 

    Americans polled by the Pew Research Center in January said their top economic concerns are the cost of food, housing and health care. 

    Food prices

    The cost of food has been a flashpoint for consumers since inflation soared to a 40-year high in 2022. High food prices also bedeviled former President Biden, prompting Mr. Trump to vow while on the campaign trail that he would end the “inflation nightmare.”

    Since Mr. Trump returned to office in 2025, food prices have continued to climb, although at a slower pace than under the Biden administration, when pandemic-related supply disruptions drove price hikes. 

    But economists have long noted that shoppers tend to be more focused on the prices they see on store shelves than the rate of inflation. Although food costs are rising more slowly, prices of some staples have continued rise sharply in the past year: Ground beef has jumped 17.2% from a year ago, while coffee has surged 18.3%.

    The Trump administration has sought to counter rising food prices in part by exempting beef, coffee and bananas from tariffs. Earlier this month, Mr. Trump also said he would boost U.S. imports of beef from Argentina in an effort to ease prices. 

    Because beef imports from Argentina represent only 0.6% of the overall U.S. beef supply, that policy is unlikely to move the needle on prices, experts have told CBS News.

    Housing affordability

    More than 8 in 10 Americans say it is harder today to buy a home than it was for earlier generations, according to a CBS News poll that surveyed consumers in early February. Pew also recently found that 62% of Americans report feeling concerned about the cost of housing.

    The Trump administration has proposed several remedies, including banning institutional investors from purchasing single-family homes. The president has also directed the federal government to buy $200 billion in mortgage securities, a move that could help lower the cost of home loans.

    Experts say that those ideas may provide some relief, but aren’t likely on their own to address the deeper issue behind rising home prices: a shortage of affordable housing. Homebuilding cratered after the Great Recession in 2008-09 and has never caught up with demand.

    The U.S. would need to build as many as 4 million additional homes beyond the normal pace of construction to significantly reduce the housing shortage, Goldman Sachs analysts estimate.

    Health care spending

    Paying for health care has emerged as Americans’ top financial worry after Congress failed last year to extend some Affordable Care Act subsidies, triggering premium spikes for millions, health policy research firm KFF found in a recent poll.

    Meanwhile, workers with employer-sponsored health insurance face increases of about 6% to 7% in 2026 — more than double the current rate of inflation. Since 2008, the cost of private health insurance has roughly doubled, KFF found. 

    Soaring health care costs (Line chart)

    Millions who rely on the Affordable Care Act marketplaces for insurance plans faced even sharper spikes after Congress failed to extend enhanced premium subsidies, which expired Dec. 31. Some Americans told CBS News they planned to skip coverage this year because they couldn’t afford their soaring premiums. 

    The Trump administration is tackling drug costs through its new TrumpRx website, which lists lower direct-to-consumer prescription prices. Mr. Trump described the site as “one of the most transformative health care initiatives of all time.” 

    But experts note that the site is geared to consumers who pay out of pocket, meaning that it doesn’t help people with insurance and won’t count toward meeting a consumer’s health plan deductible. 

    The Republicans’ “big, beautiful bill” act also paid for tax cuts by significantly trimming spending on Medicaid and other social programs, Vanessa Williamson, senior fellow at the nonpartisan Urban-Brookings Tax Policy Center, noted in an email.

    “When you add to that the refusal to extend the Affordable Care Act credits, which caused health insurance premiums to double for millions of Americans, and the cuts to affordable energy programs, you can see Americans were really hit in their wallets over the last year,” she said.

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: Regency Centers Corporation

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  • Trump’s State of the Union will seek to calm voters’ economic concerns ahead of midterm elections

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    By WILL WEISSERT

    WASHINGTON (AP) — President Donald Trump will use Tuesday’s State of the Union address to champion his immigration crackdowns, his slashing of the federal government, his push to preserve widespread tariffs that the Supreme Court just struck down and his ability to direct quick-hit military actions around the world, including in Iran and Venezuela.

    The Republican hopes he can convince increasingly wary Americans that his policies have improved their lives while ensuring that the U.S. economy is stronger than many believe — and that they should vote for more of the same in November.

Affordability questions loom large

No matter what his prepared remarks say, Trump relishes deviating into personal grievances, meaning Tuesday will probably feature topics like denying that he lost the 2020 presidential election.

His lack of messaging discipline has been on display after concerns about high costs of living helped propel Democratic wins around the country on Election Day last November. The White House subsequently promised that the president would travel the country nearly every week to reassure Americans he was taking affordability seriously. But Trump has spent more time blaming Democrats and scoffing at the notion that kitchen table issues demand attention.

Trump instead boasts of having tamed inflation and says he has the economy humming given that the Dow Jones Industrial Average recently exceeded 50,000 points for the first time.

Such gains don’t feel tangible to those without stock portfolios, however. There also are persistent fears that tariffs stoked higher prices, which could eventually hurt the economy and job creation. Economic growth slowed the last three months of last year.

Waldman, now president of the Brennan Center for Justice, which advocates for democracy, civil liberties and fair elections, said previous presidents faced similar instances of “economic disquiet.”

That created a question of “how much do you sell vs. feeling the pain of the electorate,” he said.

Shesol noted that Trump has “always believed — going back to his real estate days — that he can sell anyone on anything.”

“He’s still doing that. But the problem is, you can’t tell somebody who has lost their job and can’t get a new one that things are going great,” Shesol said. “He can’t sell people on a reality that for them, and frankly for most Americans, does not exist.”

It is potentially politically perilous ahead of November elections that could deliver congressional wins to Democrats, just as 2018’s blue wave created a strong check to his administration during his first term.

Democrats’ response to Trump’s speech will be delivered by Virginia Gov. Abigail Spanberger, whose affordability-focused message helped her flip a Republican-held office last November.

Several Democrats in Congress, meanwhile, plan to skip Trump’s speech in protest, instead attending a rally known as the “People’s State of the Union” on Washington’s National Mall.

Foreign policy in focus

Trump’s address comes as two U.S. aircraft carriers have been dispatched to the Middle East amid tensions with Iran.

The president will recount how U.S. airstrikes last summer pounded Tehran’s nuclear capabilities, and laud the raid that ousted Venezuelan President Nicolas Nicolás Maduro, as well as his administration’s brokering of a ceasefire in Israel’s war with Hamas in Gaza.

But he also strained U.S. military alliances with NATO, thanks to his push to seize Greenland from Denmark and his failure to take a harder line with Russian President Vladimir Putin in seeking an end to its war in Ukraine. Tuesday was the fourth anniversary of the Russia-Ukraine war.

Making any foreign policy feel relevant to Americans back home is never easy.

Jennifer Anju Grossman, a former speechwriter for Republican President George H.W. Bush and current CEO of the Atlas Society, which promotes the ideas of author and philosopher Ayn Rand, said Trump can make clear that Maduro’s socialist policies wrecked Venezuela’s economy to the point where one of the world’s richest oil countries struggled to meet its own energy needs.

Now, oil from that country will help lower American gas prices.

Still, when it comes to overseas developments, she said, “I think it’s going to be a bit of a challenge to make clear why this is relevant to the domestic situation.”

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The Associated Press

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  • Kim Jong Un vows to accelerate development, slams ‘extreme negligence’ | NK News

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    North Korean leader Kim Jong Un vowed to accelerate development and ensure that “more substantial benefits” reach the public in a speech on the fifth day of the Ninth Party Congress, criticizing “extreme negligence” in the management of newly built facilities.

    Kim’s remarks appeared to point to problems with his signature regional development initiative, which aims to build new factories across the country but which experts say is unlikely to receive adequate government support.

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  • Dow slides nearly 800 points as AI and tariff risks rattle investors

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    Stocks slid on Monday as jittery investors digested President Trump’s plan to raise global tariffs to 15% and amid renewed concerns about the impact of artificial intelligence apps on the technology industry. 

    The Dow Jones slid 794 points, or 1.6%, as of 12:35 p.m. EDT. The S&P 500 fell 78 points, or 1.1%, while the Nasdaq dropped 1.3%.

    Gold, regarded as a safe haven in periods of market turbulence, rose 2.9% to $5,230, according to FactSet.

    Wall Street analyst Adam Crisafulli, head of Vital Knowledge, pointed to concerns about the AI impact on the software sector and other industries as the main reason stocks were slumping in morning trade. 

    AI — which until recently had propelled the stock market to a succession of record highs — is “increasingly a net negative for the equity market,” he told investors in a research note. 


    The Free Press: Are We at an AI Precipice?


    Tariffs “aren’t helping”

    Mr. Trump’s move to immediately hike tariffs after the Supreme Court on Friday struck down his administration’s emergency tariffs also injected fresh uncertainty into financial markets, analysts noted. Mr. Trump initially said he would impose a 10% global tariff, but on Saturday upped that levy to 15%.

    “Stocks got a boost Friday from the Supreme Court’s tariff ruling, but it quickly became clear that the decision was simply going to open a new chapter in the trade saga — not end it,” according to Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley.

    Despite today’s drop, Wall Street’s response was far milder than in April 2025, when stocks nosedived after Mr. Trump announced a sweeping set of reciprocal tariffs and a baseline 10% tariff on U.S. trading partners.

    “Tariffs really aren’t driving the Mon[day] price action, but the enormous uncertainty and confusion associated with the SCOTUS decision and Trump’s subsequent actions and threats (including several social media posts) certainly aren’t helping equity sentiment,” Crisafulli said. 

    The U.S. dollar’s value edged only a bit lower against other currencies on Monday, while bitcoin briefly fell below $65,000 but remained above its low point reached earlier this month. Gold continued to rise thanks to its reputation as something safer to own during uncertain times.

    Most of the president’s previous levies hinged on a law called the International Emergency Economic Powers Act, or IEEPA. Mr. Trump is now turning to Section 122 of the Trade Act of 1974 to implement his next round of global tariffs, which are scheduled to take effect starting Feb. 24.

    While the new round of tariffs may introduce more uncertainty, they are unlikely to have a meaningful impact on economic activity, Angelo Kourkafas, a senior global investment strategist at financial firm Edward Jones, said in an email note.

    “We advise investors not to overreact to headlines…” he said.

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    Analyst Report: Goodyear Tire & Rubber Co.

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  • AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says

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    Meta, Amazon, Google, OpenAI, and other tech companies spent billions last year investing in AI. They’re expected to spend even more, roughly $700 billion, this year on dozens of new data centers to train and run their advanced models.

    This spending frenzy has kept Wall Street buzzing and fueled a narrative that all this investment is helping prop up and even grow the U.S. economy.

    President Donald Trump has cited that argument as a reason the industry should not face state-level regulations.

    “Investment in AI is helping to make the U.S. Economy the ‘HOTTEST’ in the World — But overregulation by the States is threatening to undermine this Growth Engine,” Trump wrote in a post on Truth Social in November. “We MUST have one Federal Standard instead of a patchwork of 50 State Regulatory Regimes.”

    Some prominent economists have also given credibility to this story with their analysis. Jason Furman, a Harvard economics professor, said in a post on X that investments in information processing equipment and software accounted for 92% of GDP growth in the first half of the year. Meanwhile, economists at the Federal Reserve Bank of St. Louis similarly estimated that AI-related investments made up 39% of GDP growth in the third quarter of 2025.

    But now some Wall Street analysts are starting to rethink this narrative.

    “It was a very intuitive story,” Joseph Briggs, a Goldman Sachs analyst, told The Washington Post on Monday. “That maybe prevented or limited the need to actually dig deeper into what was happening.”

    Briggs’ colleague, Goldman Sachs Chief Economist Jan Hatzius, said in an interview with the Atlantic Council that AI investment spending has had “basically zero” contribution to the U.S. GDP growth in 2025.

    “We don’t actually view AI investment as strongly growth positive,” said Hatzius. “I think there’s a lot of misreporting, actually, of the impact AI investment had on U.S. GDP growth in 2025, and it’s much smaller than is often perceived.”

    Hatzius said one major reason is that much of the equipment powering AI is imported. While U.S. companies are spending billions, importing chips and hardware offsets those investments in GDP calculations.

    “A lot of the AI investment that we’re seeing in the U.S. adds to Taiwanese GDP, and it adds to Korean GDP but not really that much to U.S. GDP,” he said.

    On top of that, there is currently no reliable way to accurately measure how AI use among businesses and consumers contributes to economic growth.

    So far, many business leaders say AI hasn’t significantly improved productivity.

    A recent survey of nearly 6,000 executives in the U.S., Europe, and Australia found that despite 70% of firms actively using AI, about 80% reported no impact on employment or productivity.

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    Bruce Gil

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  • AGs sue to claw back clean energy grants

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    BOSTON — Massachusetts Attorney General Andrea Campbell has joined a new multistate lawsuit against the Trump administration seeking to recoup more than $7.2 billion in frozen energy and infrastructure grants.

    The lawsuit, filed Wednesday in U.S. District Court in California by Campbell and 12 other attorneys general, challenges an “unlawful decision” by the U.S. Department of Energy and the Office of Management and Budget to withhold the funding for renewable energy projects in mostly Democratic-led states.

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    By Christian M. Wade | Statehouse Reporter

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  • US futures fall while Asian markets are mostly higher after the Supreme Court nixes Trump’s tariffs

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    BANGKOK — U.S. futures fell and most Asian markets climbed Monday after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs.

    Tokyo’s markets were closed for a holiday.

    Hong Kong led regional gains as its Hang Seng index surged 2.2% to 27,003.47. But the Shanghai Composite index lost 1.3% to 4,082.07.

    In South Korea, the Kospi gained 1.1% to 5,873.07.

    Australia’s S&P/ASX 200 shed 0.4% to 9,041.00.

    Taiwan’s Taiex jumped 1.4%.

    The mixed reactions are “highlighting the winners-and-losers effect of shifts in tariff policy that has just delivered a boost to countries who previously had a comparatively bad deal,” Benjamin Picton of Rabobank said in a commentary.

    “U.S. tariff policy will continue to be a source of uncertainty for markets as traders attempt to price in the implications of what is still a movable feast,” he wrote.

    The future for the S&P 500 lost 0.7% and that for the Dow Jones Industrial Average dropped 0.6%. The future for the Nasdaq composite index was down 0.8%.

    On Friday, Wall Street kept calm after the Supreme Court’s ruling against Trump’s sweeping tariffs, which had triggered panic in financial markets when they were announced last year.

    The S&P 500 rose 0.7% to 6,909.51. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation.

    The Dow Jones Industrial Average added 0.5% to 49,625.97. The Nasdaq composite rose 0.9% to 22,886.07.

    Tariffs also aren’t going away, even with the Supreme Court’s ruling. Trump in the afternoon said he would use other avenues to put taxes on imports from other countries after calling the court’s decision terrible.

    “Just so you understand, we have tariffs, we just have them in a different way,” Trump told reporters in an afternoon briefing. He said he would sign an executive order to impose a 10% global tariff under a law that could limit it to 150 days. He later raised that to 15%.

    The president also said he’s exploring other tariffs through other avenues, ones that would require an investigation through the Commerce Department.

    The reaction has been tentative given persisting uncertainties over what Trump will do.

    On Wall Street, Akamai Technologies dropped 14.1% for one of the market’s sharpest losses. The cybersecurity and cloud computing company reported stronger results for the end of 2025 than analysts expected, but it gave a profit forecast for the upcoming year that fell short of estimates.

    Akamai plans to spend a bigger percentage of its revenue this upcoming year on equipment and other investments. It’s the latest potential indicator of how shortages of computer memory created by the AI boom are affecting customers throughout the economy.

    Discouraging reports showing slowing U.S. economic growth and accelerating inflation drew a relatively muted response from investors.

    The reports underscore the tricky situation the Federal Reserve faces as it sets interest rates, but did not change traders’ expectations much for what the Fed will ultimately do. Traders are still betting that the Fed will lower rates at least twice this year, according to data from CME Group.

    Lower interest rates would give the economy and investment prices a boost, but they also risk worsening inflation. Fed officials said at their last meeting that they want to see inflation fall further before they would support cutting rates further.

    In other dealings early Monday, U.S. benchmark crude oil lost 53 cents to $65.95 per barrel. Brent crude, the international standard, gave up 51 cents to $70.79 per barrel.

    The U.S. dollar slipped to 154.11 Japanese yen f rom 154.99 yen. The euro rose to $1.1828 from $1.1780.

    The price of gold rose 1.9%, while the price of silver was up 5.5%.

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  • US futures fall while Asian markets are mostly higher after the Supreme Court nixes Trump’s tariffs

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    BANGKOK — U.S. futures fell and most Asian markets climbed Monday after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs.

    Tokyo’s markets were closed for a holiday.

    Hong Kong led regional gains as its Hang Seng index surged 2.2% to 27,003.47. But the Shanghai Composite index lost 1.3% to 4,082.07.

    In South Korea, the Kospi gained 1.1% to 5,873.07.

    Australia’s S&P/ASX 200 shed 0.4% to 9,041.00.

    Taiwan’s Taiex jumped 1.4%.

    The mixed reactions are “highlighting the winners-and-losers effect of shifts in tariff policy that has just delivered a boost to countries who previously had a comparatively bad deal,” Benjamin Picton of Rabobank said in a commentary.

    “U.S. tariff policy will continue to be a source of uncertainty for markets as traders attempt to price in the implications of what is still a movable feast,” he wrote.

    The future for the S&P 500 lost 0.7% and that for the Dow Jones Industrial Average dropped 0.6%. The future for the Nasdaq composite index was down 0.8%.

    On Friday, Wall Street kept calm after the Supreme Court’s ruling against Trump’s sweeping tariffs, which had triggered panic in financial markets when they were announced last year.

    The S&P 500 rose 0.7% to 6,909.51. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation.

    The Dow Jones Industrial Average added 0.5% to 49,625.97. The Nasdaq composite rose 0.9% to 22,886.07.

    Tariffs also aren’t going away, even with the Supreme Court’s ruling. Trump in the afternoon said he would use other avenues to put taxes on imports from other countries after calling the court’s decision terrible.

    “Just so you understand, we have tariffs, we just have them in a different way,” Trump told reporters in an afternoon briefing. He said he would sign an executive order to impose a 10% global tariff under a law that could limit it to 150 days. He later raised that to 15%.

    The president also said he’s exploring other tariffs through other avenues, ones that would require an investigation through the Commerce Department.

    The reaction has been tentative given persisting uncertainties over what Trump will do.

    On Wall Street, Akamai Technologies dropped 14.1% for one of the market’s sharpest losses. The cybersecurity and cloud computing company reported stronger results for the end of 2025 than analysts expected, but it gave a profit forecast for the upcoming year that fell short of estimates.

    Akamai plans to spend a bigger percentage of its revenue this upcoming year on equipment and other investments. It’s the latest potential indicator of how shortages of computer memory created by the AI boom are affecting customers throughout the economy.

    Discouraging reports showing slowing U.S. economic growth and accelerating inflation drew a relatively muted response from investors.

    The reports underscore the tricky situation the Federal Reserve faces as it sets interest rates, but did not change traders’ expectations much for what the Fed will ultimately do. Traders are still betting that the Fed will lower rates at least twice this year, according to data from CME Group.

    Lower interest rates would give the economy and investment prices a boost, but they also risk worsening inflation. Fed officials said at their last meeting that they want to see inflation fall further before they would support cutting rates further.

    In other dealings early Monday, U.S. benchmark crude oil lost 53 cents to $65.95 per barrel. Brent crude, the international standard, gave up 51 cents to $70.79 per barrel.

    The U.S. dollar slipped to 154.11 Japanese yen f rom 154.99 yen. The euro rose to $1.1828 from $1.1780.

    The price of gold rose 1.9%, while the price of silver was up 5.5%.

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  • Incredibly Mamdani’s NYC Budget Exceeds Entire State of Florida | RealClearPolitics

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    Incredibly Mamdani's NYC Budget Exceeds Entire State of Florida

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    Mark Penn, X

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  • Ruling Against Trump’s Tariffs Creates New Uncertainty in US Trade Relations With China

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    WASHINGTON (AP) — The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations, with both countries navigating shifting ground to avoid an all-out trade war that would disrupt the global economy while still jostling for a position of strength in negotiations.

    Friday’s court ruling would seem to strengthen China’s hand, but analysts predict that Beijing will be cautious in exploiting the advantage, knowing that Trump has other ways of levying taxes. Both sides also want to maintain a fragile trade truce and stabilize ties ahead of Trump’s highly anticipated trip to Beijing.

    “It will give China a moral boost in their negotiations with Trump’s team ahead of the summit, but they are prepared for the scenario that nothing actually changes in reality,” said Sun Yun, director of the China program at the Stimson Center, a Washington-based think tank.

    Furious about the defeat, Trump said first he was imposing a temporary 10% global tariff before raising it to 15% as well as pursuing alternative paths for import duties. He made the case for tariffs by pointing to China, which poses the biggest challenge to U.S. economic, technological and military dominance.

    “China had hundreds of billions of dollars in surpluses with the United States. They rebuilt China. They rebuilt the army. We built China’s army by allowing that to happen,” Trump told reporters Friday. “I have a great relationship with President Xi, but he respects our country now.”

    The White House has confirmed that Trump will travel to China on March 31 through April 2 to meet President Xi Jinping.


    China is looking beyond tariffs

    Xi is unlikely to “flaunt or brandish” the Supreme Court ruling forcefully when meeting Trump, likely choosing instead to try to strengthen his rapport with the U.S. president, said Ali Wyne, a senior research and advocacy adviser focused on U.S. policy toward China at the International Crisis Group.

    The more that Xi can do that, “the more likely it is that the fragile trade truce between the United States and China will take hold in earnest and that Trump will be amenable to security concessions that give China greater freedom of maneuver in Asia,” Wyne said.

    Asked for comment on the implications of the court ruling, Chinese Embassy spokesperson Liu Pengyu said only that tariff and trade wars serve neither country’s interest. He called for Beijing and Washington to work together to “provide greater certainty and stability for China-U.S. economic and trade cooperation and the global economy.”

    “I would expect most Asian partners to proceed cautiously, with existing agreements largely holding as both sides work through the implications in the coming weeks,” said Dan Kritenbrink, a partner at The Asia Group who served as assistant secretary of state for East Asian and Pacific affairs in the Biden administration.

    Shortly after Trump returned to the White House early last year, he invoked an emergency powers law and slapped 20% tariffs on Chinese goods over what he said was Beijing’s failure to stem the flow of chemicals that can be used to make fentanyl.

    Trump later invoked the same emergency authority to impose sweeping reciprocal tariffs on many countries, including 34% on China. Beijing retaliated, and the tariffs temporarily soared to triple digits before both sides climbed down.

    After several rounds of trade talks and a summit between Trump and Xi in South Korea in October, the two countries agreed to a one-year truce with a 10% baseline tariff. Trump also slashed the so-called fentanyl tariff to 10%, while Beijing resumed its cooperation in restricting the export of more substances that could be used to make the opioid.

    Wendy Cutler, vice president of the Asia Society Policy Institute, said she suspected the Trump administration could roll out a Plan B quickly. The Office of the U.S. Trade Representative has an active investigation into China’s compliance with a previous trade agreement and that could be the administration’s backup plan, she said. If China is found not to be fulfilling its obligations under the agreement, the U.S. government is allowed under a trade law to impose tariffs.

    Rep. Ro Khanna, the top Democrat on the House Select Committee on the Chinese Communist Party, urged the administration to come up with a new, tougher strategy that “holds China accountable for its unfair trade practices and leverages the collective power of our allies and partners.”

    Gabriel Wildau, a managing director focused on political risk analysis in China at the consultancy Teneo, said Trump has already shown his willingness to use other legal authorities to impose tariffs on China, as he did during his first term, and Beijing probably assumes that the tariffs could be maintained or re-created “with only modest difficulty.”

    “But Beijing also holds out hope that they can persuade Trump to lower this tariff in exchange for purchase guarantees or other concessions,” Wildau said.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • Trump raises his new global tariffs to 15% after Supreme Court’s strike down

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    President Trump raised his new, global tariffs to 15%, one day after the Supreme Court struck down many of his punishing taxes. Willie James Inman reports on the impact on American businesses and whether there could be refunds issued.

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  • Downtown art space thrives, not just survives

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    HAVERHILL — Seven months in, a community hub for all things art has flourished downtown with demands “exceeding expectations.”

    Organizers celebrate the space’s success while framing the next chapter at an abandoned school building in Bradford.

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    By Jonah Frangiosa | Staff Writer

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  • The latest GDP data isn’t as bad as it looks. Here’s what to know.

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    After humming along at a robust pace for much of 2025, the economy hit a wall in the fourth quarter, with a six-week government shutdown and slowdown in consumer spending stunting growth at the end of the year.

    Gross domestic product — which measures the nation’s output of goods and services — grew at a meager 1.4% annual rate in the fourth quarter, the Commerce Department said Friday. That came in well under economists’ forecasts of roughly 2% growth and is down sharply from the previous three months, when the economy expanded at a blistering 4.4% pace.

    Yet while the GDP number was weaker than expected, analysts say the economy remains on firm ground and is likely to accelerate in the coming months.

    “Today’s headline number is certainly disappointing,” eToro U.S. investment analyst Bret Kenwell told CBS News. “When you peel back the layers a little bit, it’s not quite as bad as it appears on the surface.”

    The latest GDP data, which was delayed due to the recent government shutdown, was the first snapshot of fourth-quarter economic growth. The Commerce Department will deliver two more readings for the quarter in the coming months.

    The government also released the Personal Consumption Expenditures, or PCE, report on Friday, the Federal Reserve’s preferred measure of inflation. Headline PCE grew at an annual rate of 2.9% in December, a sign that inflation remains sticky.

    Here are other key takeaways from Friday’s GDP report.

    Government shutdown tipped the scales

    The main reason the economy slumped in the final three months of 2025, according to economists: the 43-day government shutdown last year, during which hundreds of thousands of federal workers were furloughed and federal funding for a range of programs came to a halt.

    Gregory Daco, chief economist at consulting firm EY-Parthenon, in an email called the shutdown a “self-inflicted black eye.”

    “The disappointing end to the year largely reflected a self-inflicted drag from the longest government shutdown in U.S. history,” he said.

    The lapse in federal spending lasted for nearly half of the fourth quarter, stretching from October to early November. According to Friday’s GDP report, the shutdown reduced fourth-quarter growth by about 1 percentage point, largely due to a reduction in federal government services. The shutdown also contributed to a steep drop in government spending in the fourth quarter.

    Consumers pulled back on spending

    A slowdown in consumer spending also modestly weighed on economic activity last quarter. Spending rose by 2.4% in the final three months of the year, down from 2.9% in the third quarter.

    “Spending didn’t fall off a cliff, but it certainly slowed and decelerated from the pace we had earlier this year,” Kenwell said.

    Consumer spending is the nation’s main engine of growth, accounting for around two-thirds of economic activity. 

    Economists expect a rebound 

    Friday’s GDP print comes as other sectors of the economy display strength. Job growth came in higher than expected last month, with employers adding 130,000 positions. Inflation is also cooling.

    With the 2025 government shutdown in the rearview mirror, analysts expect the economy to rebound this year. Investment advisory firm Capital Economics expects the economy to grow at a 3% annual rate in the first quarter of 2026.

    Michael Pearce, chief U.S. economist at Oxford Economics, also thinks the economy will pick up because of softening tariff pressures and ongoing tax cuts, which he said will boost spending.

    “We expect a sharp rebound in the coming months, driven by a larger tax refund season,” he said in a research note.

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