European, Asian stocks plummet amid Trump’s new tariffs

GOOD MORNING

I’M CRAIG NIGRELLI

IT’S MONDAY APRIL 7TH, 2025 

AND THESE ARE YOUR UNBIASED UPDATES:

ALL EYES ARE ON THE STOCK MARKET AS THE FALLOUT FROM PRESIDENT TRUMP’S TARIFFS ON DOZENS OF OTHER COUNTRIES, CONTINUES. WHAT TO EXPECT AT THE OPENING BELL AND THE PRESIDENT’S REMARKS ON THE NATION’S TRADE DEFICIT.  

AND — DEADLY SPRING STORMS ARE FORECAST TO CONTINUE THIS WEEK.  FROM TORNADOES TO RISING RIVERS AND FLOODING,  THE AREAS MOST VULNERABLE TO MORE SEVERE WEATHER. 

L3: EUROPEAN AND ASIAN STOCKS NOSEDIVE AMID TRUMP’S NEW TARIFFS

THIS MORNING — STOCK SHARES NOSEDIVING AROUND THE WORLD AS HIGHER U-S TARIFFS AND RETALIATION FROM CHINA ARE TRIGGERING MASSIVE SELL-OFFS.

EUROPEAN SHARES FOLLOWED ASIAN MARKETS LOWER,  WITH GERMANY’S DAX FALLING 6 POINT 5 PERCENT WHILE FRANCE’S BENCHMARK STOCK INDEX SHED 5 PERCENT AND BRITAIN’S **F-T-S-E (FOOTSIE) 100** LOST FOUR-AND-A-HALF PERCENT.

MEANWHILE, U-S FUTURES SIGNAL FURTHER WEAKNESS AHEAD TRADING ON WALL STREET TODAY. 

THE FUTURES FOR BOTH THE DOW AND THE S&P 500 ARE BOTH DOWN MORE THAN FOUR PERCENT — WHILE THE NASDAQ FUTURES ARE OFFERED BY MORE THAN 5 PERCENT.  IT COULD BE ANOTHER ROCKY DAY ON WALL STREET AS WE HEAD TOWARD BEAR MARKET TERRITORY. 

ON FRIDAY — THE WORST MARKET CRISIS,  SINCE THE COVID PANDEMIC SHIFTED INTO HIGH GEAR – AS THE S&P PLUMMETED 6 PERCENT,  THE DOW PLUNGED FIVE-AND-A-HALF PERCENT AND THE NASDAQ COMPOSITE DROPPED 5 POINT 8 PERCENT.

DESPITE ALL THIS — PRESIDENT TRUMP IS NOT BACKING DOWN FROM HIS TARIFFS.

“I don’t want anything to go down, but sometimes you have to take medicine to fix something.”

“We will be taking in over a trillion dollars over the next short period of time with the tariffs that I’ve already instituted. They’re already in place. Now, what’s going to happen with the market? I can’t tell you, but I can tell you our country has gotten a lot stronger.”

TRUMP ADMINISTRATION OFFICIALS SAY MORE THAN 50 NATIONS HAVE ALREADY CALLED ABOUT LAUNCHING NEGOTIATIONS TO LIFT THE TARIFFS.

ON HIS TRUTH SOCIAL TO START THE NEW WEEK,  POSTED “WE HAVE MASSIVE FINANCIAL DEFICITS WITH CHINA, THE EUROPEAN UNION AND MANY OTHERS.

THE ONLY WAY THIS PROBLEM CAN BE CURED IS WITH TARIFFS.”

L3: DEADLINE LOOMS FOR TRUMP ADMIN TO RETURN DEPORTED MARYLAND MAN TO U.S.

THE TRUMP ADMINISTRATION MUST BRING BACK A MARYLAND MAN WHO WAS ACCIDENTALLY DEPORTED TO A HIGH-SECURITY PRISON IN EL SALVADOR BY 11:59 TONIGHT.

THE TRUMP ADMINISTRATION HAD ASKED A FEDERAL JUDGE FRIDAY TO DELAY THE DEADLINE TO RETURN KILMAR ABREGO GARCIA TO THE U-S, BUT THE JUDGE RULED ABREGO GARCIA’S DEPORTATION WAS A QUOTE “GRIEVOUS ERROR” THAT MUST BE FIXED.

THE TRUMP ADMINISTRATION HAS ADMITTED TO MISTAKENLY DEPORTING ABREGO GARCIA — WHO WAS UNDER A 20-19 COURT ORDER **NOT** TO BE SENT TO EL SALVADOR FOR FEAR OF REPRISAL BY A VIOLENT GANG.

MEANWHILE — THE JUSTICE DEPARTMENT HAS PLACED THE ATTORNEY WHO ARGUED ON BEHALF OF THE GOVERNMENT FRIDAY ON INDEFINITE PAID LEAVE, FOR WHAT ATTORNEY GENERAL PAM BONDI CALLED A FAILURE TO QUOTE ‘ZEALOUSLY ADVOCATE ON BEHALF OF THE UNITED STATES.”

LAST WEEK, VICE PRESIDENT JD VANCE CALLED GARCIA, A CONVICTED MS-13 GANG MEMBER WITH NO LEGAL RIGHT TO BE HERE. 

L3: DANGEROUS FLOODING TO LAST DAYS IN SOUTH, MIDWEST AFTER DEADLY STORMS

FORECASTERS WARN OF DANGEROUS CONDITIONS FOR DAYS TO COME IN THE WAKE OF A STORM SYSTEM THAT SWEPT THROUGH PARTS OF THE SOUTH AND MIDWEST FROM TEXAS TO OHIO.

SINCE LAST WEDNESDAY — OFFICIALS SAY AT LEAST 20 PEOPLE HAVE DIED ACROSS SEVEN STATES AMID THE OUTBREAK OF SEVERE WEATHER… INCLUDING A 9-YEAR-OLD BOY IN KENTUCKY WHO WAS SWEPT AWAY BY FLOODWATERS AS HE WALKED TO A BUS STOP.

SEVERAL PEOPLE WERE KILLED IN SOUTHWESTERN TENNESSEE AFTER A STRONG E-F-3 TORNADO RIPPED THROUGH THE CITY OF SELMER ON THURSDAY.

IN KENTUCKY — RISING AND CHURNING RIVERS ARE PROMPTING EVACUATIONS AND WARNINGS FOR PEOPLE TO MOVE TO SAFER GROUND, WITH RESCUES UNDER WAY IN FLOODED AREAS.

RESIDENTS IN SOME LOW-LYING AREAS ARE PREPARING FOR POTENTIAL FLOODING AS THE KENTUCKY RIVER IS PREDICTED TO CREST AT A HISTORIC HIGH ON MONDAY — TESTING THE FLOOD WALLS THAT ARE BUILT TO PROTECT AGAINST MASSIVE FLOODING.

L3: RFK JR. TOUTS MMR VACCINE AMID SECOND U.S. MEASLES DEATH

HEALTH AND HUMAN SERVICES SECRETARY ROBERT F. KENNEDY JR. IS TOUTING THE MEASLES, MUMPS AND RUBELLA VACCINE AS THE “MOST EFFECTIVE” WAY TO PREVENT THE SPREAD OF MEASLES — AFTER  A VISIT TO TEXAS AND A MEETING WITH THE FAMILY OF AN 8-YEAR-OLD GIRL WHO DIED FROM THE DISEASE.

TWO CHILDREN IN TEXAS HAS NOW DIED FROM THE PREVENTABLE DISEASE.

ACCORDING TO THE NEW YORK TIMES — THE HOSPITAL IN LUBBOCK, WHERE THE SECOND CHILD DIED CONFIRMED THE CHILD WAS **NOT** VACCINATED.

THE FIRST CHILD TO DIE FROM THE OUTBREAK WAS IN LATE FEBRUARY.

AT THE TIME, KENNEDY — WHO HAS A HISTORY OF VACCINE SKEPTICISM — APPEARED TO DOWNPLAY CONCERNS ABOUT THE SIGNIFICANCE OF THE OUTBREAK.

THE MEASLES OUTBREAK HAS SPREAD QUICKLY SINCE JANUARY IN THE SOUTH PLAINS AND PANHANDLE REGIONS OF TEXAS WITH CLOSE TO 500 PEOPLE INFECTED, MANY OF THEM SCHOOL-AGED CHILDREN  

L3: TRUMP TO MEET WITH NETANYAHU ABOUT WAR IN GAZA, TARIFFS

LATER TODAY, PRESIDENT TRUMP WILL HOST ISRAELI PRIME MINISTER BENJAMIN NETANYAHU AT THE WHITE HOUSE. 

THE ISRAELI LEADER POSTING ON SUNDAY THAT HE WILL BE TALKING WITH THE PRESIDENT ABOUT THESE ISSUES: THE HOSTAGES THAT HAMAS IS STILL HOLDING SINCE IT ATTACKED ISRAEL IN OCTOBER OF 2023, THE PLAN FOR ACHIEVING VICTORY IN GAZA WHERE A CEASE-FIRE HAS SEEMINGLY COLLAPSED AS ISRAEL HAS LAUNCHED A MASSIVE GROUND OFFENSIVE IN RECENT WEEKS **AND** THE TARIFFS.

NETANYAHU SAYING HE HOPES TO BE ABLE  “TO HELP ON THIS ISSUE.”

HE POINTED OUT THAT HE IS THE FIRST FOREIGN LEADER TO MEET WITH DONALD TRUMP ON THE TARIFF ISSUE, THAT IS IMPORTANT TO THE ISRAELI ECONOMY AND THERE IS A LONG LINE OF OTHER LEADERS WHO WANT TO DO THE SAME.

LAST WEEK, TRUMP IMPOSED 17% TARIFFS ON ISRAELI GOODS, ISRAEL HAD CANCELED ITS TARIFFS ON AMERICAN PRODUCTS IN AN EFFORT TO QUOTE “STRENGTHEN THE ALLIANCE AND TIES BETWEEN ISRAEL AND THE U-S.”

L3: UCONN SWEEPS SOUTH CAROLINA FOR RECORD 12TH CHAMPIONSHIP WIN

FINALLY THIS MORNING — AS THE FLORIDA GATORS AND HOUSTON COUGARS GET READY FOR TONIGHT’S SHOWDOWN ON THE HARDWOOD FOR THE N-C-DOUBLE-A MEN’S BASKETBALL CHAMPIONSHIP GAME,  THE WOMEN’S SIDE ALREADY HAS ITS TOP TEAM.

THE U-CONN HUSKIES BLEW OUT SOUTH CAROLINA SUNDAY TO WIN THEIR RECORD 12-TH NATIONAL TITLE 82 TO 59.

AND IT WAS THE TEAM’S SO-CALLED “BIG THREE” PLAYERS WHO REALLY SHINED.

PAIGE BUECKERS, SARAH STRONG AND AZZI FUDD PUT UP A COMBINED 65 POINTS — OUTSCORING SOUTH CAROLINA’S TOTAL FOR THE GAME.

STRONG HAD A DOUBLE-DOUBLE WITH 24 POINTS AND 15 REBOUNDS,  BUECKERS FINISHED WITH 17 POINTS  AND FUDD HAD 24.

THEY ARE THE FIRST TRIO OF TEAMMATES TO EACH SCORE 100 POINTS IN AN N-C-DOUBLE-A TOURNAMENT SINCE THE 2009 UCONN GROUP OF MAYA MOORE, RENEE MONTGOMERY AND TINA CHARLES.

AND STRONG IS THE FIRST PLAYER **IN HISTORY** TO HAVE AT LEAST 20 POINTS, 15 REBOUNDS AND 5 ASSISTS IN THE NATIONAL CHAMPIONSHIP GAME.

AND IT WASN’T JUST A BANNER WEEKEND FOR BASKETBALL…

L3: CAPITALS’ ALEX OVECHKIN SURPASSES WAYNE GRETZKY’S ALL-TIME SCORING RECORD

HOCKEY STAR ALEX OVECHKIN ALSO MADE HISTORY THIS WEEKEND — OFFICIALLY BREAKING “THE GREAT ONE” WAYNE GRETZKY’S ALL-TIME SCORING RECORD.

OVECHKIN NETTED HIS 895-TH GOAL DURING THE WASHINGTON CAPITALS’ GAME AGAINST THE NEW YORK ISLANDERS SUNDAY BY BEATING FELLOW RUSSIAN ILYA SOROKIN IN THE SECOND PERIOD.

IT WAS THE FIRST TIME OVECHKIN HAD EVER SCORED ON SOROKIN — MAKING HIM THE 183-RD DIFFERENT GOALTENDER OVECHKIN HAS SCORED ON.

WAYNE GRETZKY  WAS THERE TO CONGRATULATE OVECHKIN ON THE ACHIEVEMENT AND PARTICPATE IN THE FESTIVITIES.

HOWEVER, DESPITE THE BIG WIN FOR OVECHKIN… IT WAS THE ISLANDERS WHO GOT THE  BEATING THE CAPITALS 4 TO 1.

AMAZINGLY OVECHKIN AND GRETZKY HAVE PLAYED EXACTLY THE SAME NUMBER OF GAMES 1487.

THESE ARE YOUR UNBIASED UPDATES FOR THIS MONDAY.

WE’LL SEE YOU BACK HERE TOMORROW.

FOR ALL OF US HERE AT STRAIGHT ARROW NEWS — I’M CRAIG NIGRELLI.

HAVE A GREAT DAY!