Friday, April 4, 2025

The Dow Drops, Ford's Discount, and a Famous Great Dane

U.S. markets took a steep dive Thursday in the first trading session after President Trump announced sweeping new tariffs.

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Politics

A new bill co-sponsored by Sens. Maria Cantwell (D-Wash.) and Chuck Grassley (R-Iowa) requires the president to justify any new or increased tariffs within 48 hours and seek congressional approval within 60 days. (See Details)

The White House says Elon Musk will remain in his role as a special government employee until his work leading the Department of Government Efficiency (DOGE) is complete, pushing back on reports suggesting an early departure. (More)

The Pentagon's inspector general announced Thursday that he would review Defense Secretary Pete Hegseth's use of the Signal messaging app to coordinate a U.S. military strike on Houthi targets in Yemen. (More)

New York City Mayor Eric Adams is skipping the Democratic primary and will seek reelection this fall as an independent. (More)

The Flyover

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Sports

"The Great One" Wayne Gretzky will attend every Capitals game as Alex Ovechkin nears his goal record, needing two to tie and three to become the NHL's all-time scoring leader. (More)

The NBA issued warnings to Memphis Grizzlies guard Ja Morant and Golden State Warriors guard Buddy Hield for doing "finger gun" celebrations during their games earlier this week. (More)

The Dallas Cowboys traded a fifth-round draft pick Thursday to the New England Patriots for quarterback Joe Milton III and a 2025 seventh-rounder, filling their backup quarterback vacancy. (More)

Yesterday's results: MLB | NBA | NHL | PGA | LPGA | NIT | NCAABB | NCAASB | Soccer

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March Madness
Today's March Madness section is brought to you by:

The Flyover

The UConn Huskies, the only No. 2 seed left, enter tonight's Women's Final Four matchups as the favorite despite the field featuring three No. 1 seeds, including last year's champion South Carolina. (See Preview)

March Madness has hit gambling sportsbooks hard, as few upsets and all four No. 1 seeds advancing led to major payouts favoring bettors. (More)

Former NBA and Auburn superstar Charles Barkley says the Tigers' Johni Broome is a title away from being the school's greatest player, adding, "he's better than me in college." (More)

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Finance

Trend Line Daily Market Report 04/03/2025

NASDAQ
National Association of Securities Dealers Automated Quotations
16,550.61
-5.97%
SPX
S&P 500
5,396.52
-4.84%
DJI
Dow Jones Industrial Average
40,545.93
-3.98%
BTC
Bitcoin
$82,543.59
0.07%
GOLD
Per Ounce
$3,138.10
-0.06%
RH
RH
$149.39
-40.09%
Bitcoin and Gold are traded 24 hours a day.

Big Stock Move: The stock of luxury furniture retailer RH plunged over 40%—its worst day ever—after missing earnings expectations and getting hit by new Trump tariffs, which target Asian imports that make up much of the company's supply chain. (More)

Ford is giving U.S. shoppers access to employee pricing from April 3 to June 2 under a new campaign called From America, For America. The deal includes most 2024 and 2025 Ford and Lincoln vehicles—excluding certain SUVs and trucks. (See Details)

Stellantis announced it will temporarily shut down production in Canada and Mexico next week due to uncertainty surrounding President Trump's new auto tariffs. The pause is expected to trigger about 900 layoffs at plants in Michigan and Indiana. (More)

Amazon is set to launch the first 27 satellites for Project Kuiper on April 9, its space-based internet service aiming to rival Starlink. (More)

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Science & Technology

Scientists at the University of Texas at Austin have discovered that the base of the North American continent is slowly shedding rock into the Earth's mantle beneath the U.S. Midwest. (See Details)

A new kind of bat, dubbed the "torpedo bat," is making waves in Major League Baseball after the Yankees' record-breaking home run spree last weekend. Here's the science behind how it works. (See Science)

Northwestern University engineers have developed the world's smallest pacemaker—no bigger than a grain of rice—that dissolves harmlessly in the body once it's no longer needed. (See Pacemaker)

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The Rotator

Entertainment

Bruce Springsteen is releasing seven never-before-heard albums spanning 1983 to 2018, offering fans a deep dive into his creative vault. Tracks II: The Lost Albums will be available June 27. (More)

E.A. Hanks, daughter of Tom Hanks and the late Susan Dillingham, explores her turbulent childhood and her mother's struggles in a new memoir hitting shelves April 8. (See Memoir)

Bing, a harlequin Great Dane from Iowa, is earning top billing alongside Naomi Watts and Bill Murray in The Friend, a heartfelt new film opening Friday. (See Bing)

Et Cetera

At least six people have been killed after tornadoes and violent storms swept across the South and Midwest from Wednesday into early Thursday, striking communities from Oklahoma to Indiana. (See Details)

Elon Musk floated the idea to livestream Fort Knox's gold, saying Americans deserve to see it. (More)

Photographer Pau Buscató captures perfectly timed street scenes, playing with perspective and serendipity. (See Photos)

A rare sight in Grand Teton National Park is lighting up the internet: a black bear family featuring one blonde, one brown, and one black bear. (See Video)

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Poll Position

How do you make a decision?

  1. Gut instinct
  2. Seek advice
  3. Research
  4. All of the above
  5. Other

Yesterday's Results:

Do you know any magic tricks?

  1. No: 74%
  2. Yes: 15%
  3. I can disappear: 11%

Quote BoxDaily Quote

Quote

"I often read about myself in the '90s as having some lost period or something. Not really. Really, I was working the whole time."

Bruce Springsteen, on how he chuckles over the popular belief he was somehow wandering aimlessly through the 1990s.

TriviaToday's Trivia

Who was the last U.S. President who was neither a Democrat nor a Republican?

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