The Daily Money: Stocks open high after wild day
Good morning! This is Betty Lin-Fisher with today's The Daily Money.
U.S. stocks opened sharply higher this morning on hopes that negotiations will soften President Donald Trump's tariff plan.
That's after a wild day on Monday, when stocks opened sharply lower for the third straight day and briefly popping higher on a withdrawn report that Trump would delay tariffs for 90 days and then dropping again on a new Trump threat to levy an additional 50% tax on China if it didn't retreat from its retaliatory tariff planned for Thursday, reports Medora Lee.
Volume was the highest in at least 18 years with roughly 29 billion shares changing hands.
Today, China is vowing to fight against what it called "blackmail" after Trump threatened an additional 50% tax on Chinese imports. You can follow our latest tariff coverage with live updates.
You can also bookmark this link, which has all of Paste BN's tariff coverage.
Doctor in peril: In-flight crisis creates bond
Let's take a break from the frenzy of tariff news to highlight an incredibly heart-warming story. What happens when a bride returning on a flight from her honeymoon – and who is a family medicine physician – starts to feel intense chest pain and nausea and an emergency room physician are on the same flight?
The two women formed a new bond in what the bride calls a miracle. The bride told her story to my colleague Kathleen Wong.
📰 Consumer stories you shouldn't miss 📰
- Trump's tariffs put stock markets in a frenzy, but not nearly as crazy as 1929 or 1987. Check out this explainer.
- What exactly is a recession and what are the chances the U.S. will have one?
- This growing ultra low cost carrier will operate deportation flights under ICE.
- Need a car repair? Get it done now to avoid tariff costs.
📰 Before you go 📰
Here's one more story to highlight: Changes to USPS mail delivery are underway. Here's what to know about how the changes, which took effect April 1 and are part of a 10-year plan, will affect your mail service.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.