New York Times (November 6)
“President Trump’s barrage on global trade appears to have taken a hit” during questioning in front of the Supreme Court. “Concerns are growing that the Supreme Court could scramble the Trump administration’s tariffs strategy. That may be welcome news for free-trade advocates, but it could also unleash more uncertainty for businesses and Wall Street.” Market reaction was rapid as “the yield on 10-year Treasury notes spiked to 4.15 percent,” a sell-off that suggests “bond holders are fretting that an adverse ruling could deprive the government of revenues needed to offset the federal deficit.”
Tags: Barrage, Bond holders, Businesses, Free trade, Fretting, Global trade, Market reaction, Revenues, Scramble, Sell-off, Supreme Court, Tariffs strategy, Treasuries, Trump, Uncertainty, Wall Street, Yield
Washington Post (August 3)
“If it seems like a barrage of extreme rain events has been wreaking havoc across the country over the past week, you’re not imagining things. The latest resulted from an overnight deluge in central and southeastern Illinois.” This was “the third 1-in-1,000-year rain event in the Lower 48 states in about a week,” with two of the events striking in just two days.
Tags: Barrage, Deluge, Extreme, Illinois, Overnight, Rain events, Week, Wreaking havoc
