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🇺🇸DETAILS OF US-CHINA TRADE DEAL🇨🇳
🎢401K ROLLER COASTER: Had Enough?
✈️NEWARK AIRPORT: Another Air Control Outage
🏡SPRING HOME SALES: In Basement
🚨HAMAS RELEASING: Last American Hostage
👩⚖️JEANINE PIRRO: Fox Host Interim US Attorney
🇺🇸 DETAILS OF US-CHINA TRADE DEAL 🇨🇳
YOUR 401k is on a roller coaster…
Dow futures up 800 points after stocks closed lower.
It comes as the U.S. and China reduce tariffs.
In a joint statement this morning after weekend talks both countries say:
President Trump's "reciprocal" tariff on China will fall to 10% from 125%.
A separate 20% tariff the president imposed over what he described as China's role in the fentanyl trade will remain.
Beijing will cut its retaliatory levies on U.S. goods to 10% from 125%.
The reductions will last for 90 days while the two sides begin further talks.
Exiger’s Kit Conklin, Former Chief Advisor to the House Select Committee on China, tells NewsNation both sides were looking for an off-ramp:
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President Trump has previously announced the U.S. is striking a trade deal with Britain. Final details though are still being worked out.
At a meeting with Canadian Prime Minister Mark Carney, Trump argued that his administration doesn’t “have to sign deals,” an apparent backtrack from his own top officials, who have promised progress. “They want a piece of our market,” said Trump. “We don’t want a piece of their market.” Canada’s Carney told Trump, “We Are Not For Sale, Ever.”
Many Americans have had enough of the roller-coaster markets, and are selling stocks from their retirement accounts, piling into cash and money-market funds that have swelled to a record.
BY THE NUMBERS:
🛒TRADE WAR: Bare Shelves
The CEOs of Walmart, Target, and Home Depot met privately with President Trump warning him his trade policies could result in empty store shelves in weeks.
President Trump acknowledges there could be a possible toy shortage for Christmas due to his tariffs: "Maybe the children will have two dolls instead of 30,” the President said.
Even if products are available, Exiger CEO Brandon Daniels, on a NewsNation panel says some 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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But perhaps worse than tariffs, 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.
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📺 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..
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💨AMERICAN POPE
Pope Leo, the first American Pope.
Cardinal Robert Prevost, an American missionary who spent his career ministering in Peru and leads the Vatican’s powerful office of bishops, has been elected the first American pope in the 2,000-year history of the Catholic Church.
Prevost, 69, took the name Leo XIV.
U.S. Catholics tend to lean Republican, but they had overwhelmingly positive views of Francis — even though he clashed with President Trump over issues like immigration.
In February, a social media account under Prevost’s name expressed criticism of Vice President JD Vance, sharing an article that called the vice president’s interpretation of Christian doctrine “wrong.”
✈️NEWARK AIRPORT UNSAFE: Flights Cut
Air traffic controllers who guide planes in and out of Newark Airport lost radar and communication with aircraft before dawn on Friday in another 90-second outage, hours after the Trump administration unveiled a plan to overhaul the aging technology that keeps airspace space safe.
United Airlines is cutting 35 flights a day – or about 10% – at its Newark Airport hub due to safety concerns over government equipment failures and air traffic control staffing.
"Technology that FAA air traffic controllers rely on to manage the airplanes coming in and out of Newark airport failed – resulting in dozens of diverted flights, hundreds of delayed and canceled flights and worst of all, thousands of customers with disrupted travel plans," United CEO Scott Kirby said in an email to customers. "Unfortunately, the technology issues were compounded as over 20% of the FAA controllers for (Newark) walked off the job."
🏡SPRING HOME SALES: In Basement
Home selling season off to a slow start,
Home Sales in March Fell 5.9%, their Biggest Drop Since 2022. Then in early April, President Trump rolled out his tariff policy, causing fresh economic anxiety and the stock market to sell off. All giving buyers reasons to stay away.
➡️Housing Expert Rick Sharga says the American Dream is turning into the American Nightmare
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🚨HAMAS RELEASING: Last American Hostage
Hamas agreed to release Edan Alexander, a dual U.S. and Israeli citizen believed to be the last living U.S. citizen who remains captive in Gaza, weeks after saying it had lost contact with the group holding him hostage.
His release is part of “the steps being taken to achieve a ceasefire, open the crossings, and allow aid,” Khalil al-Hayya, head of Hamas’ negotiating team, said in a statement Sunday. Al-Hayya did not provide information on Alexander’s condition.
Steve Witkoff, the U.S. special envoy to the Middle East, said “We are picking him up probably tomorrow.”
‼️TRUMP: Uncertain About Constitution
President Trump asked about his constitutional obligations, "Don't you need to uphold the Constitution of the United States as president?" Trump replied, "I don't know."
Trump argued in an interview on “Meet the Press” that fulfilling his ambitious campaign promise to rapidly carry out mass deportations may take precedence over giving immigrants the right to due process under the Constitution, as required by courts.
A central part of Trump’s agenda has been implementing the “largest deportation operation” in U.S. history, as he vowed during the 2024 campaign. In service of that goal, his administration has pressed the courts to allow the immediate removal of immigrants it accuses of being members of a Venezuelan gang, without giving them a chance to plead their case before a judge.
In an interview last month with “Meet the Press,” Secretary of State Marco Rubio said, “Yes, of course,” when asked whether every person in the United States is entitled to due process.
Trump, however, isn’t so sure.
“I don’t know. I’m not, I’m not a lawyer. I don’t know,” Trump replied when asked by “Meet the Press” moderator Kristen Welker whether he agreed with Rubio.
📺FOX’s PIRRO: Now U.S. Attorney
President Trump says he will appoint Fox News host and former prosecutor Jeanine Pirro as interim U.S. attorney for the District of Columbia.
Trump announced the pick in a post on Truth Social.
The selection comes as Trump told reporters in the Oval Office Thursday that Ed Martin, who is currently serving as D.C.'s interim top prosecutor, would not be taking the position permanently after losing support among top Republicans in the Senate.
Pirro has been a longtime ally of Trump, dating back to her time as a prominent prosecutor in New York. She was an early supporter of his 2016 campaign and publicly defended him during the "Access Hollywood" tape scandal.
Following Trump's loss in the 2020 election, Pirro pushed false allegations of election fraud involving voting machines and was later among the Fox News employees named in the Dominion Voting Systems defamation lawsuit for broadcasting false claims about the company. Fox News eventually settled for $787.5 million and admitted the statements were false.
💸WARREN BUFFET
94 year old Billionaire Warren Buffett shocked an arena full of shareholders by announcing that he will retire as CEO at the end of the year, bringing the curtain down on a six-decade run leading Berkshire Hathaway that made him the most influential investor in the world. Buffett will remain Chairman
Buffett said he will recommend to Berkshire Hathaway’s board that Vice Chairman Greg Abel should replace him.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said.
Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. But it was always assumed that he would not take over until after Buffett’s death. Previously the 94-year-old Buffett always said he had no plans to retire.
Buffett announced the news at the end of a five-hour question and answer period without taking any questions about it. He said the only board members who knew this was coming were his two children, Howard and Susie Buffett. Abel, who was sitting next to Buffett on stage, had no warning.
🏀 KNICKS/CELTICS: 2-to-1 Series
The Boston Celtics rolled past the New York Knicks, 115-93, at Madison Square Garden in Game 3 of the Eastern Conference semifinals to narrow their series deficit to 2-1.
The New York Knicks knew going into Saturday’s Game 3 atMSG that the Celtics would punch back aggressively after Monday and Wednesday’s improbable finish, which saw the defending champions melt down and blow a 20-point lead before losing in overtime to a physical Knicks team that had seized all the momentum during a topsy-turvy second half.
But much like in Monday's Game 1, the underdog Knicks tightened the vise defensively, holding the Celtics without a basket for more than eight minutes in the fourth en route to storming back to win 91-90 for a stunning 2-0 lead in the best-of-seven second-round series.
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🔻TRUMP POLL: Lowest 100-Day Approval In 80-Years
Donald Trump has the lowest 100-day job approval rating of any president in the past 80 years, with public pushback on many of his policies and extensive economic discontent, including broad fears of a recession, according to a new ABC News/Washington Post/Ipsos poll.
Thirty-nine percent of respondents in this ABC News/Washington Post/Ipsos poll said they approve of how Trump is handling his job as president, down 6 percentage points from February, while 55% said they disapprove.
The previous low in approval for a president at or near 100 days in office, in polls dating to 1945, was Trump's 42% in 2017.
🇨🇦 CANADA: Mark Carney’s Liberal Party Wins Election
Prime Minister Carney’s party looked headed for a crushing defeat until. President Trump started attacking Canada’s economy and threatening its sovereignty, suggesting it should become the 51st state. Polls had the Conservatives with comfortable leads only months ago.
📺 ‘60 MINUTES’: Criticizes Its Bosses On-Air
CBS News' "60 Minutes" show ended by taking aim at parent company Paramount over former executive producer Bill Owens' who resigned last week.
Scott Pelley said in the segment that Paramount "is trying to complete a merger" the Trump administration "must approve" and it "began to supervise our content in new ways," adding: "None of our stories has been blocked, but Bill felt he lost the independence that honest journalism requires."
🪙DIMES: Coins Spill, Shut Down Road H
Millions of dimes on the road.
The aftermath of an accident in which an 18-wheeler had rolled onto its side in Alvord, Texas, a town about 50 miles north of Fort Worth.
What had spilled out was part of a load of eight million dimes,
The truck was carrying the freshly minted coins for the U.S. Mint, according to the Wise County E.M.S. Rescue, which responded to the rollover at 5:15 a.m. The driver and the passenger suffered injuries that were not life-threatening and were later released from a hospital, officials said. There were no other injuries.
🚘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
👜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
Defense Secretary Pete Hegseth’s personal phone number, the one used in a recent Signal chat, was easily accessible on the internet and public apps as recently as March, potentially exposing national security secrets to foreign adversaries, according to rge New York Times.
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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👙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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