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Trump & YOUR Money
🇨🇳TRUMP: What’s He Up To?— Now Says He Plans To Be “Very Nice” To China On Trade
🆙STOCKS: Soar BITCOIN: Jumps GOLD: Gains
🚘 MUSK: Spending Less Time In DC
🪦POPE: Funeral Saturday
📺60 MINUTES: Producer Quits-“No Independence”
🇨🇳TRUMP: What’s He Up To? — Now Says He Plans To Be “Very Nice” To China On Trade
Stocks, Bitcoin and Gold soaring again on hopes that U.S.-China trade tensions may ease soon.
It comes as President Trump now says he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.
Treasury Secretary Scott Bessent told a group of investors that there “will be a de-escalation” in the trade war with China. “No one thinks the current status quo is sustainable,” he said Tuesday during a meeting with investors.
The week starting, much like last week ended — stocks bleeding, Dow lost about 1000 points, before recovering. It’s shaping up to be the Dow’s worst April since 1932, when the country was in the Great Depression. Wall Street giving a big thumbs down to President Trump’s tariffs.
Many Americans have had enough, and are selling stocks from their retirement accounts, piling into cash and money market funds that have swelled to a record.
Trump also stepping back from attacking Fed Chairman Jerome Powell after saying the end of the Fed chair’s termination “cannot come fast enough”
In a Truth Social post, Trump claimed that the economy would slow unless Powell — who he referred to as “Mr. Too Late, a major loser” — lowered interest rates immediately. This follows another post last week in which Trump also called for the Fed to lower rates, even hinting at Powell’s “termination” — something White House economic advisor Kevin Hassett said the president’s team was studying.
But Trump now says he has “no intention” of firing Powell before his term leading the U.S. central bank ends next year.“None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.”
BY THE NUMBERS:
Dow up 1000 points
Nasdaq gaining 2.7%
S&P 500 rising 2.5%
Bitcoin up to $93K
Gold soars over $3400, all-time high
🇺🇸TRADE WAR🇨🇳: U.S. Cracks Down On China A.I.
China has raised tariffs on U.S. goods to 125% after President Trump raised China levies to 145%.
But worse, Exiger President Carrie Wibben Kaupp, former Pentagon official, tells NewsNation Beijing is stopping exports of critical minerals needed desperately by the U.S.
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The U.S. is now cracking down on sales of A.I. Chips to China. Exiger’s Kit Conklin, who helped write the initial legislation for the House Select Committee on China, tells NewsNation it’s a matter of security. It comes at the same time as a New York Times front page story cites Exiger's AI analysis in breaking-coverage of the Chinese military’s ties to China’s A.I. computer-model ‘DeepSeek’.
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A senior Chinese official warned that President Donald Trump’s tariffs would backfire and that soon, “those peasants in the U.S.” would “wail in front of the 5,000 years of Chinese civilization.” The remarks are the latest Chinese repudiation of Trump’s global trade war as Beijing shifts gears from attempting to communicate with the White House to hitting back in an effort to cast the U.S. as an irresponsible global power.
Exiger CEO Brandon Daniels, on a NewsNation panel says some products could be subject to up to 30 different tariffs under Trump’s plan. And that’s going to cost YOU money.
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Johnson & Johnson Chief Executive Joaquin Duato says tariffs on pharmaceuticals may create supply chain disruptions and that favorable tax policies would be a more effective tool to boost U.S. manufacturing capacity of both drugs and medical devices.
📺 GisermanGroup Client Brandon Daniels Featured on CNBC:
🚘What a Cadillac Escalade reveals about supply-chain cost challenges
The complexity of supply chains and the multitude of components in a single product add numerous layers of cost. Supply-chain AI Company Exiger used the 2025 Cadillac Escalade OLED infotainment system as an example.
The OLED display panels are produced by LG in South Korea, while the specialty curved cover glass is formed in Japan, and the touch-sensitive film sensors and semiconductor driver electronics are made by companies LX Semicon and MagnaChip, based in South Korea. Meanwhile, the connectors and wiring harnesses are made by TE Connectivity, with some assembled or partially integrated in Mexico.
“The challenge is tracing each of these carefully manufactured components across multiple borders, through various stages of assembly and integration, to clearly understand where exemptions exist and where tariffs might bite,” said Brandon Daniels, Exiger CEO.
🥃Whiskey Tariffs: A Shot At USA
➡️GisermanGroup.com Client Brandon Daniels, CEO of Exiger, tells CNBC the retaliatory EU tariffs place American whiskey producers at a substantial competitive disadvantage:
➡️How the world is reacting to tariffs: Exiger CEO Brandon Daniels earlier from Davos on BloombergTV
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💸TRADE WAR: Trump Tariffs Hit YOUR POCKETBOOK
From furniture makers to toy shops, companies are starting to tack tariff surcharges onto invoices as a separate line item. Some are a $5 flat fee, while others represent as much as 40% of the subtotal. It’s a way to pass on at least some tariff costs to consumers..
But, cellphones, laptops, computer chips and other electronics will now be exempt from Trump’s sweeping 145% tariff on China,. Those products will still be subject to other levies including a 20% fee Trump added to Chinese goods in response to the country’s role in the fentanyl trade. Treasury Secretary Howard Lutnick says the move is only temporary.
Last year, three-quarters of all toys and sporting goods, and 40% of shoes imported into the U.S. came from China.
🚘MUSK: Stepping Back From DOGE After Tesla Losses
Tesla CEO Elon Musk began his company’s earnings call on Tuesday by saying that his time spent running President Donald Trump’s Department of Government Efficiency will drop “significantly” starting in May.
Musk, who has watched Tesla’s stock tumble by more than 40% this year, said he’ll continue to support the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.”
Musk’s comments came after Tesla reported disappointing first-quarter results, including a 20% year-over-year slump in automotive revenue and 71% plunge in net income.
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🏠MORTGAGES: Surge Above 7%
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February.
➡️Housing Expert Rick Sharga says the American Dream is turning into the American Nightmare
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🪦POPE: Funeral Saturday
President Trump will attend Pope Francis' funeral on Saturday at the Vatican.
Francis, history’s first Latin American pontiff known for his humble style and concern for the poor died of a stroke and heart failure, according to the Vatican.
He surprised crowds with a popemobile ride around Rome on Easter Sunday, even meeting with Vice President J.D. Vance the day before his death..
Pope Francis was 88.
📺60 MINUTES: Producer Quits-“No Independence”
60 Minutes” executive producer Bill Owens abruptly quit on Tuesday, citing a loss of journalistic independence as CBS’ parent company, Paramount Global, looks to settle a lawsuit from President Trump.
“Over the past months, it has become clear that I would not be allowed to run the show as I have always run it, to make independent decisions based on what was right for ‘60 Minutes,’ right for the audience,” Owens wrote in a memo to staff .
He added: “So, having defended this show — and what we stand for — from every angle, over time with everything I could, I am stepping aside so the show can move forward.”
Since news of Owens’ departure, legendary producer Susan Zirinsky — who had at one time served as president of the news division and now runs a documentary unit – has emerged as a favorite to take over the role.
👜NO KIDDING!: Homeland Security Secy’s Handbag Stolen
Get this — the woman in charge of America’s security can’t guard her own pocketbook
Homeland Security Secretary Kristi Noem’s Bag, with Security Badge and $3,000 in cash was Stolen while dining at a Washington, D.C., restaurant. She also lost her passport and keys.
‼️TEXT-GATE: Excuses, Lies & Coverups
He apparently did it a second time —Defense Secretary Pete Hegseth used his personal phone to send information about U.S. military operations in Yemen to a 13-person Signal group chat, including his wife and his brother, according to reports.
Asked by reporters if he still had confidence in his defense secretary, President Trump defended Pete Hegseth. “He’s doing a great job — ask the Houthis how he’s doing,” he said, referring to the rebel group in Yemen. The Houthis were the target of strikes about which Hegseth shared information in a private Signal group.
The development comes about a month after it became public that Hegseth shared details of strikes in Yemen in a separate Signal chat with top administration officials. The editor-in-chief of The Atlantic was mistakenly
🔥ARSON : Jewish PA Governor Attacked on Passover
Police say a suspected arsonists has been arrested and will be charged with terrorism after Pennsylvania Governor Josh Shapiro and his family were evacuated from their home after a fire broke out.
Shapiro, a Democrat and a Jew, said on Facebook that the Pennsylvania State Police woke his family by banging on the door around 2 a.m. to warn them of the fire which significantly damaged the Governor’s residence. He said no one was injured.
Hours before the fire, Gov. Shapiro wrote on social media that he and his family were marking Passover, which began at sunset on Saturday.
🏛️HARVARD: Hits Back At Trump
President Trump threatened Harvard University’s tax-exempt status after the school hit back at his administration’s demands for a series of policy changes.
The threat came a day after the Trump administration halted more than $2 billion in federal funding for Harvard because the university rejected changes to its hiring and admissions practices and curriculum.
“No government — regardless of which party is in power — should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue,” says Alan Garber, Harvard’s president.
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📱TikTok: Sale Scuttled By Trump Tariff
OpenAI is considering building a social network to compete with Elon Musk’s X and Meta’s Instagram.
The project is still in its early stages, said the person, who asked not to be named due to confidentiality. It’s based on the popularity of OpenAI’s newest image-generation feature, which has led to an overloading of the company’s servers.
Meanwhile, President Trump extended the deadline to sell TikTok for another 75 days. The White House and TikTok’s Chinese-based parent company, ByteDance, had agreed to a proposed deal and were preparing to announce it Thursday when the company told administration officials that China insisted on tariff negotiations first, according to the Washington Post.
Amazon has put in a bid to acquire TikTok, as it approaches a deadline to be separated from its Chinese owner or face a ban in the United States. AppLovin, the mobile technology company that provides a platform for app developers to grow their businesses, also jumped into the race, as has Oracle which hosts TikTok in the U.S.
GisermanGroup client, Exiger’s JC Herz says TikTok as it stands now is dangerous.
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💉VACCINES: FDA Official Quits Over RFK’s Lies
The FDA’s top vaccine official has resigned under pressure saying Health Secretary Robert F. Kennedy Jr.’s aggressive stance on vaccines posed a danger to the public.
Dr. Peter Marks, says “It has become clear that truth and transparency are not desired by the secretary, but rather he wishes subservient confirmation of his misinformation and lies. This man doesn’t care about the truth. He cares about what is making him followers.”
Dr. Marks resigned after he was summoned to the Department of Health and Human Services Friday afternoon and told that he could either quit or be fired, according to the New York Times.
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👙HOOTERS BANKRUPT: Inflation or Deflation?
Hooters, the restaurant chain known for its all-female serving staff in revealing outfits has filed for bankruptcy in a Texas court, the company announced on Monday.
Under the bankruptcy agreement, a group that includes the company’s founders — who independently run about a third of the franchised locations in the United States — will buy the company-owned restaurants in the United States from the private equity firm that owns the chain.
The complicated bankruptcy filing is a way to keep many of the restaurants open.
📺YOUTUBE: Tops TV Viewing
YouTube commanded more TV time than any other media provider in February, and its top ranking was thanks in part to viewers over the age of 50.
The service accounted for 11.6 percent of all TV use in the country in Nielsen‘s rankings of media distributors for the February period (which ran from Jan. 27-Feb. 23). That’s an all-time high for YouTube and the second time it has placed atop the distributor rankings; it previously did so in July 2024.
YouTube improved from 10.8 percent of TV use in January and passed Disney (10 percent) for the overall spot among TV content distributors. Nielsen notes that the rise for YouTube was fueled partly by a somewhat surprising source: people over 50, who accounted for about 36 percent of all time spent watching YouTube on TV screens — more than the combined 28 percent for teenagers and adults 18-34. The media distributor rankings don’t include viewing on computers or mobile devices, which means the demographics Nielsen cited might not be fully representative of YouTube’s total usage across all devices.
🧪23andMe: Files Bankruptcy-Your DNA Safe?
23andMe filed for bankruptcy late Sunday night and announced the resignation of its chief executive, capping a precipitous fall for the DNA-testing company.
So, is that DNA you gave them, and information garnered from it safe?
More than 15 million people provided the company with their DNA samples, a virtually unprecedented repository of human genetic information that could be sold in bankruptcy proceedings.
California’s Attorney General Rob Bonta issued an alert to consumers in his state, reminding them of their right to delete their information, a step some may scramble to take due to concerns over who may ultimately own their personal genetic data.
🇺🇦UKRAINE: Trump Fails To Get Putin To Agree To Ceasefire
President Trump spoke with Russian President Putin on a plan to halt fighting in Ukraine for 30 days.
Putin agreed to a limited cease-fire against Ukraine’s energy infrastructure, but remained defiant to a full ceasefire.
It comes after Ukrainian President Volodymyr Zelenskyy said his Oval Office blowup with President Donald Trump was “regrettable,” adding that he stands ready to work under Trump’s “strong leadership” to get a lasting peace.
The shouting match blew up plans to sign a minerals deal.
Exiger’s Kit Conklin tell’s NewsNation the US really needs those minerals.
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💻AI Chips Made In The USA
The world’s most sophisticated computer-chip maker invests in the US.
Exiger’s Brandon Daniels tells NewsNation it’s just part of a changing global supply chain.
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💻U.S. Government Prohibited From Using Chinese AI
Congressional and other government offices have been warned not to use the Chinese AI app DeepSeek, due to worries about security.
Lawmakers plan to introduce a bil that would ban DeepSeek’s chatbot application from government-owned devices, over new security concerns that the app could provide user information to the Chinese government.
Meta and Microsoft are talking up their AI strategies and saying they are sticking with ambitious investments despite the investor panic this week over the rise of the cheaper to develop Chinese AI model.
SupplyChain expert, Exiger CEO Brandon Daniels and a panel of experts with the DeepSeek fallout on NewsNation
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🛫Airplane Safety Worries For Your Next Trip
Two people were found dead in the wheel well of a JetBlue plane from New York City after it landed at Fort Lauderdale-Hollywood International Airport, the airline said Tuesday. It’s the latest in a string of incidents that have raised concerns over airline security.
A Jeju Airlines plane burst into a deadly fireball during a failed belly landing in South Korea, killing 179 people.
If your fear of flying has ramped up in recent months you’re not alone. More than half of travelers say recent news of aircraft and airline incidents has affected the way they book travel.
The latest problem: turns out new Boeing and Airbus jets have parts made from titanium, sold using fake documentation.
Exiger President Carrie Wibben tells NewsNation it raises concerns about the structural integrity of those planes.
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💻Hackers Take Advantage Of Airline Computer Glitch
It keeps getting worse!
Regulators are investigating how Delta Air Lines is treating passengers affected by canceled flights after the airline’s global tech outage, which forced Delta to cancel more than 5000 flights.
CrowdStrike now warning its customers: hackers are trying to exploit the computer outage.
➡️Exiger’s Katie Arrington with the fallout:
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🚌Childcare Economic Crisis
The Cost of Childcare Is Out Of Control. What Will President Trump Do?
Debbie Bermudezof IMAGINE EARLY LEARNING with the problems on NewsNation
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🎯 Chinese Slave Labor Making Your iPhone
Republican Vice Presidential nominee JD Vance says that shiny-new iPhone you want to buy may be made by Chinese slave labor. Vance named China the biggest threat to the U.S. & Democratic VP Candidate Tim Walz agrees.
While Apple denies it uses slave labor, China and Supply Chain expert, Exiger CEO Brandon Daniels tells NewsNation many US companies unknowingly use Chinese slave labor, and that needs to stop now.
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🤖AI—Latest Battleground For US & China
Artificial Intelligence—the latest battleground for the U.S. and China.
Exiger’s JC Herz tells NewsNation China already knows how to hack American Water Systems and Electrical Grids.
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