Fox News 2025-04-23 00:11:52


Private security guards now hit with charges after dragging woman out of meeting

Private security guards seen on video forcibly removing an activist from a February town hall meeting in Idaho have been criminally charged. 

On Monday, the Coeur d’Alene City Attorney’s office said that five men associated with a private security firm were facing a range of charges, including battery, false imprisonment and security agent duty violations. 

Teresa Borrenpohl was dragged out of the meeting at Coeur d’Alene High School on Feb. 22.

In video shared by meeting organizers, the Kootenai County Republican Central Committee, someone can be heard disrupting the meeting by shouting, “What? Are you serious right now?” about 43 minutes into the town hall while Republican state Rep. Tony Wisniewski was speaking about abortion. 

IDAHO JUDGE DENIES BRYAN KOHBERGER’S ‘BUSHY EYEBROWS’ MOTION

Shortly afterward, the video shows a group of men descending upon Borrenpohl, who is wearing a blue jacket. One man wearing a hat then places his hands on her arm in an attempt to get her to stand. 

A second man then shows up, trying to do the same, and Borrenpohl asks, “Who are you?”

After a back and forth confrontation, Borrenpohl shouts, “Excuse me, Sheriff Norris? This gentleman is assaulting me. Is this your deputy?”

Borrenpohl is eventually pulled from her seat, and held on the ground in the auditorium’s aisle while asking the men to identify themselves.

“They’re pulling my hair,” she can be heard saying. 

‘DOOMSDAY MOM’ LORI VALLOW’S ARIZONA MURDER CONSPIRACY TRIAL: WILDEST MOMENTS IN COURT SO FAR

Paul Trouette, Russell Dunne, Christofer Berg and Jesse Jones have been charged with misdemeanor battery, false imprisonment, and violations of security agent duties and uniform requirements. 

Alex Trouette IV is charged with security agent duties and uniform violations. 

All five of the men are associated with the private security firm Lear Asset Management, which had its license revoked by the city after the town hall, the Associated Press reported.

Roughly 450 people attended the legislative town hall, organizers said. 

“For clarification, there were no Kootenai County Deputy Sheriff’s or other personnel present at or involved in this incident. The Coeur d’Alene Police Department is handling the criminal investigation regarding this matter,” a February statement from the county sheriff’s office said. 

Although the police department did not immediately get back to Fox News Digital, a previous statement read, “The Coeur d’Alene Police Department recognizes and values all rights afforded by the United States Constitution to all citizens, including the right to free speech.”

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Borrenpohl is a Democratic legislative candidate who has run unsuccessfully in the deeply Republican region. She did not immediately respond to a Fox News Digital request for comment, but the AP reports she formally notified Kootenai County officials on Monday of her intent to sue by filing a tort claim notice. 

“Town halls are intended to foster conversation and discourse across the aisle, which is why I am deeply alarmed that private security dragged me out of the public meeting for simply exercising my fundamental right of free speech,” Borrenpohl said in a Monday media release obtained by the AP. 

Warren struggles on questions about her defense of Biden’s mental sharpness

Massachusetts Democratic Sen. Elizabeth Warren struggled to defend her past praise of President Joe Biden’s “sharp” mind in a new interview, equivocating that she believed it at the time.

Warren appeared on the “Talk Easy with Sam Fragoso” podcast on Sunday where the left-leaning host asked whether she regretted saying Biden “had a sharpness to him” up until he dropped out of the 2024 presidential election.

“I said what I believed to be true,” Warren said.

“You think he was as sharp as you?” Fragoso pushed back.

SEN ELIZABETH WARREN: SOCIAL SECURITY IS UNDER ATTACK. GUTTING IT IS A BROKEN PROMISE

Warren gave a long pause where she appeared to hold back a laugh at the question. 

“I said I had not seen decline,” she finally responded, turning her head and giving Fragoso a pointed look that he then reciprocated. “And I hadn’t at that point.”

Fragoso pressed Warren further, expressing skepticism over her not seeing any decline in Biden during his time in office. 

“The thing is,” Warren began uncertainly. “Look, he was sharp. He was on his feet. I saw him… live event. I had meetings with him a couple of times…”

“Senator, ‘on his feet’ is not praise,” Fragoso argued. “‘He can speak in sentences’ is not praise.” 

Warren seemed to softly laugh at his comments while replying, “Fair enough.”

Fox News Digital reached out to Warren for additional comment.

Warren defended Biden’s “sharpness” last year when interviewer Hasan Minhaj mocked Biden’s age on a podcast recorded before Biden’s infamous presidential debate against President Donald Trump.

“I talk to the man,” Warren said. “The man is sharp. The man knows what he’s talking about. He does the job. I think people ask about age, they’ve got every right. Look, voters can ask about anything they want. They can make any decisions based on anything they want. That’s the deal.” 

DEMOCRATS FRETTED BEHIND THE SCENES ABOUT BIDEN’S DECLINE DESPITE PUBLIC CONFIDENCE, NEW BOOK CLAIMS

She continued, “It’s a sharpness and a pointedness about what he is trying to accomplish and to me, I get it. It’s like messaging. You can have other issues you want to look at, but the heart of it is what does he deliver. He is delivering.”

After the debate, Warren was less certain in her defense of Biden, repeating on MSNBC in July that he was “our nominee” but added that he had a “big decision to make” over whether he should stay in the race.

Biden dropped out of the race one day after her MSNBC interview.

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Al Gore makes alarming comparison to Trump admin in speech on climate change

Former Vice President Al Gore compared the Trump administration to Adolf Hitler’s Nazi Party while speaking at a climate change event in San Francisco on Monday.

Gore was delivering the keynote speech at a science museum to kick off the city’s Climate Week event when he said the Trump administration was “trying to create their own preferred version of reality.”

“I understand very well why it is wrong to compare Adolf Hitler’s Third Reich to any other movement,” Gore said. “It was uniquely evil, full stop. I get it. But there are important lessons from the history of that emergent evil.”

Gore then went on to cite what German philosophers had called their “moral autopsy” of Hitler’s Third Reich following the end of World War II.

CHRIS MATTHEWS SAYS TRUMP IS DOING THE SAME THING HITLER DID ‘IN THE HOLOCAUST’ WITH ABREGO GARCIA

“It was [Jürgen] Habermas’ mentor, Theodore Adorno, who wrote that the first step in that nation’s descent into hell was, and I quote, ‘the conversion of all questions of truth into questions of power,”’ Gore said. “He described how the Nazis, and I quote again, ‘attacked the very heart of the distinction between true and false.’ End quote. The Trump administration is insisting on trying to create their own preferred version of reality.”

Gore then launched into an attack against what he asserted were the views of the Trump administration on climate change and efforts to undo Democratic policies

“They say the climate crisis is a hoax invented by the Chinese to destroy American manufacturing,” Gore said of the Trump administration. “They say coal is clean. They say wind turbines cause cancer. They say sea-level rise just creates more beachfront property.”

PHOTOS: BIDEN’S ‘AMBITIOUS CLIMATE GOALS’ GO DOWN IN LITERAL FLAMES BY POPULAR AMERICAN BEACH

“We have to deal with the democracy crisis in order to solve the climate crisis,” the former vice president said.

Gore isn’t the first politician who tried to compare Trump to Hitler.

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During the 2024 presidential campaign, some of Trump’s political rivals and some liberal media outlets invoked comparisons between the president and Hitler and other fascist leaders.

High school asks for Trump to step into mascot debate — and he answers the call

Long Islanders have asked for President Donald Trump’s help, and it looks like they are getting it.

Massapegua High School’s nickname is the Chiefs, but New York law states that schools must remove logos that are related to indigenous people by the end of the year.

The Massapequa school district sued the state, but a federal judge ruled against the district.

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Well, Trump has caught win of the issue and posted on Truth Social that the potential name change would be “ridiculous.”

“I agree with the people in Massapequa, Long Island, who are fighting furiously to keep the Massapequa Chiefs logo on their Teams and School,” Trump wrote. “Forcing them to change the name, after all of these years, is ridiculous and, in actuality, an affront to our great Indian population. The School Board, and virtually everyone in the area, are demanding the name be kept. It has become the School’s identity and, what could be wrong with using the name, ‘Chief’? I don’t see the Kansas City Chiefs changing their name anytime soon! By copy of this TRUTH, I am asking my highly capable Secretary of Education, Linda McMahon, to fight for the people of Massapequa on this very important issue. LONG LIVE THE MASSAPEQUA CHIEFS!”

WASHINGTON FAILS TO PASS PROPOSALS THAT WOULD RESTRICT TRANS ATHLETES FROM COMPETING AGAINST BIOLOGICAL GIRLS

“Changing the name doesn’t have any good effect on our kids. This is their identity, this is who they are — they are Chiefs,” Massapequa School Board President Kerry Wachter told the New York Post last week.

Wachter also said the district has issued an SOS to the Department of Education.

Nassau County executive Bruce Blakeman appeared on “Fox & Friends” earlier this month and ripped New York Gov. Kathy Hochul.

“She must have bad thoughts in her head — when I think of a chief, I think of a leader,” Blakeman said. “When I think of a warrior, I think of somebody with bravery… We honor and celebrate our Native American heritage here on Long Island.” 

The district sued the state in September, saying that the Board of Regents violated its First Amendment rights by banning school officials and officers from wearing “Chiefs” merchandise while on school property and at other events.

The district says rebranding would cost the district roughly $1 million and its identity.

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The Washington Commanders and Cleveland Guardians changed their names from the “Redskins” and “Indians” after public outcry. The Chicago Blackhawks, Atlanta Braves, Kansas City Chiefs, and Florida State Seminoles have all been pressed, but have not changed their nicknames.

The town’s Little League won the Little League Softball World Series in 2022.

Dems fuming over ‘due process’ for Abrego Garcia face backlash for hypocrisy

Democrats are facing pushback as they continue to call for due process for illegal immigrant and suspected MS-13 member Kilmar Abrego Garcia after years of seemingly ignoring due process for their political rivals. 

During the lead-up to the 2024 presidential election and the first Trump term, many Democrats called for President Donald Trump to be put in jail despite only facing allegations of impropriety at the time.

“He needs to be imprisoned & placed in solitary confinement,” Democrat Rep. Maxine Waters said in October 2019.  “But for now, impeachment is the imperative.”

“I don’t want to see him impeached, I want to see him in prison,” then-House Speaker Nancy Pelosi reportedly told fellow Democrats in 2019, according to Politico.

VANCE SOUNDS OFF ON DEPORTATION, ‘RATIFICATION OF BIDEN’S ILLEGAL MIGRANT INVASION’ VIA ‘FAKE LEGAL PROCESS’

Democrats also assured the public that January 6 prisoners were receiving due process in terms of their treatment in jail despite Republican claims to the contrary and arguing that the defendants were being held for too long.

“They want to have a conversation about whether or not their iPads are working or if they have enough time on their iPads,” Democratic Rep. Jasmine Crockett of Texas said in 2023, according to the Dallas Observer. “This is what I’m hearing. As someone who’s been a public defender, let me tell you something: They know nothing about what bad conditions are.”

During a Jan. 7 press conference, Sen. Chuck Schumer, D-N.Y., said about the January 6th protesters, “No leniency. No leniency for these people. They have the cameras all over. They have their pictures. No matter what part of the country they came from, we ought to go after them right now.”

Rep. Hakeem Jeffries, D-N.Y., called for Kyle Rittenhouse to be thrown in jail as his trial was still developing. 

“Lock up Kyle Rittenhouse and throw away the key,” Jeffries posted on X, then known as Twitter, during the trial where Rittenhouse was facing a homicide charge for his actions during a George Floyd riot in Kenosha, Wisconsin.

Rittenhouse was ultimately acquitted. 

APPEALS COURT DENIES DOJ BID TO BLOCK RETURN OF KILMAR ABREGO GARCIA FROM EL SALVADOR PRISON

Democrats fought vigorously against the nomination of Judge Brett Kavanaugh to the Supreme Court and amplified allegations of sexual assault against him before any due process had been completed investigating those claims.

Speaking to CNN’s “State of the Union,” Sen. Mazie Hirono, D-Hawaii, called for an independent FBI investigation of claims against Kavanaugh, before explaining why the presumption of innocence and due process should not apply to his case.

“I put his denial in the context of everything that I know about him in terms of how he approaches his cases,” Hirono told host Jake Tapper, in response to a question about whether Kavanaugh was entitled to a presumption of innocence. “His credibility is already very questionable in my mind….  When I say that he’s very outcome-driven, he has an ideological agenda, and I can sit here and talk to you about some of the cases that exemplify his, in my view, inability to be fair.”

Over the past few weeks, Jeffries and other Democrats have been vocal proponents of due process when it comes to Kilmar Abrego Garcia, an illegal immigrant with alleged ties to a violent gang who was deported to El Salvador.

Many Democrats have railed against the Trump administration over issues like due process and questions about the kind of treatment Garcia could be receiving in the prison he is allegedly being housed in. 

“Mistakenly removing a U.S. resident that has protection from deportation legally granted to him by an immigration court and then making no effort to get him back not only places Mr. Abrego Garcia’s life in danger, but also violates the basic principles of due process and the rule of law,” Waters said in a recent letter to Trump. 

The face of the resistance to Garcia’s deportation has been Sen. Chris Van Hollen, D-Md., who traveled to El Salvador to meet with Garcia last week which drew strong criticism from the White House.

Van Hollen also opposed Kavanaugh’s confirmation using the unsubstantiated sexual assault allegations against him.

In a statement to Fox News Digital, White House spokesperson Kush Desai said, “If the hill that Democrats want to die on is demanding the return of a violent illegal alien, wifebeater, and foreign terrorist, we are happy to dig that grave for them.”

Some on social media have called out Democrats in recent days for alleged hypocrisy on the issue of due process, with many pointing out the millions of illegal immigrants who entered the country under President Joe Biden with little to no concern from his party. 

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“I’m here to remind you that Democrats have never actually cared about due process,” Townhall columnist Dustin Grage posted on X while quoting the Jeffries post on Rittenhouse. “Hope this helps.”

“Democrats do not care about due process, not one bit,” Breitbart senior editor Joel Pollak posted on X. “That’s why we now have millions of illegal aliens in the country to begin with – and also why they trashed the civil liberties of hundreds of witnesses and defendants under Biden.”

“The entire purpose of flooding us with immigrants was to make due process impossible,” Twitchy’s Amy Curtis posted on X. “That some are okay with this, and don’t care about undoing the damage done by Democrats does not surprise me.”

“It’s important to remember that when it came to BLM mob demands and accusations of sexual assault against men (believe all women), the left/Democrats proudly dismissed Due Process,” conservative commentator Chad Felix Greene posted on X. “They only care about Constitutional rights when they believe it benefits them politically.”

Actor ditches Los Angeles for ‘doomsday cabin’ in the woods with his family

Josh Duhamel has opted to live in his “doomsday cabin” in Minnesota over Hollywood.

The “Ransom Canyon” star, his wife, Audra Mari, and their 1-year-old son, Sheperd, live 40 minutes away from civilization on their lakeside property in northwest Minnesota. The actor’s 11-year-old son, Axl, with ex-wife Fergie, also spends time at the home.

Duhamel’s property, which he jokingly told Country Living he refers to as his “doomsday cabin,” is located up a two-mile dirt path up to his home in the forest. “It’s an exhale whenever we get here,” he noted.

Since the star is raising a family, he prefers to be disconnected from the hustle and bustle that Los Angeles brings, even though he recognizes that there are “a lot of great things” about the West Coast.

JOSH DUHAMEL BLAMES HOLLYWOOD FOR FERGIE DIVORCE, SAYS IT CAN ‘SUCK THE SOUL OUT OF YOU’

“Here my kids get to be kids, catching frogs, collecting sticks. They come home and they’re filthy, and I think that’s so good for them.”

“Here my kids get to be kids, catching frogs, collecting sticks. They come home and they’re filthy, and I think that’s so good for them.”

— Josh Duhamel

“These days there’s so much anger in the world, and I think it’s because people are on their phones, getting caught up in whatever they’re being fed through their devices as opposed to being outside connecting with the world. Nature helps ground you to what’s important,” Duhamel said.

Duhamel purchased some land and spent the last 15 years building a rustic cabin. He eventually added a second parcel that came with a hunting shack and a third parcel that came with a home. 

“It’s a cute little red cabin with a stone chimney that sits right on the water; it’s basically a Terry Redlin painting,” he said, referring to the famous artist’s scenic work.

Building his property over the years has been an act of love for the actor.

“We were basically homesteading the first 12 years. For the longest time, we didn’t have plumbing. We were using outhouses and washing dishes in the lake,” Duhamel told the outlet.

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Over the last decade and a half, the amenities on Duhamel’s property have been upgraded, but he still harnesses that live-off-the-land mentality.

He explained, “I feel so connected to it. I didn’t just buy the place, I shaped this place. While we’ve made a lot of improvements, you still feel like you’re roughing it, and I love that.”

Living remotely may also mean some run-ins with wildlife.

On Easter Sunday, Duhamel took to Instagram and shared a video of himself in a blue suit removing a goose from the grille of his SUV.

“I guess we’re having goose for Easter,” the actor wrote for his video.

“RIP Buddy…Happy Easter,” Duhamel captioned his post, adding a prayer hands emoji.

Duhamel told Parade this month that his community takes care of each other.

“Part of the reason I built my place out in Minnesota, deep in the woods, is it’s removed from everything,” the “Safe Haven” star told Parade.

He continued, “The closest store is 40 miles away. Once we get there, it’s really about everybody taking care of each other – making memories, spending time with family and friends.”

Duhamel told the outlet that his son, Axl, is going to have a different upbringing when he is staying with him at their cabin in Minnesota.

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“My son is going to have memories of this place forever. He’s not on his iPad when he’s out there. He’s out there in the boat with me, or he’s playing soccer on the beach, or he’s out there in the woods doing whatever I’m doing.

“And then I have a little baby who’s going to experience the same thing. Someday I hope to pass this on to them [so] they’re able to share it with their kids. It’s really important to me that they have this. It’s not just about having all the amenities and all the luxuries that we [have] become so used to. It’s really about family. It’s about legacy,” he said.

While it took years for Duhamel to build the off-the-grid spot for his family, he is grateful to have the opportunity to “get back to the basics.”

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“You’re not consumed by all these other distractions,” he told the outlet. “When you’re out there, it’s really about having fun, making sure everybody’s warm, everybody’s got food and water.”

Duhamel opened up about his disinterest in Hollywood in a 2023 interview with “In Depth with Graham Bensinger.”

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“I don’t think I ever really got comfortable with all of it. It was just a lot. I missed the simplicity of who I really am,” he said at the time. “I’m just not a guy who is comfortable doing red carpets, doing all the Hollywood stuff. I don’t hate it, I’m better at it now than I was, but it just took me a long time to really feel like I belong, like I fit in.”

“You know Hollywood and L.A., that whole lifestyle can suck the soul out of you if you’re not careful.”

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China issues a fiery warning to American ally about exporting products to US companies

Pinned

Beijing warns South Korea against exporting products using China’s rare earths to US defense firms

Beijing threatened South Korea with sanctions should it continue to export products that use China’s rare earth minerals to U.S. defense firms, the Korea Economic Daily reported on Tuesday. 

The paper, citing government and company sources, said China’s commerce ministry
delivered the message in letters to Korean companies that make use of China’s rare earths to produce power transformers, batteries, electronic displays, electric vehicles, aerospace and medical equipment. 

China is using export restrictions on its rare earth minerals in retaliation to President Donald Trump’s tariffs, which total 145% on Chinese imports. 

Reuters contributed to this report.

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Stocks rise after Monday’s sell-off

Symbol Price Change %Change
I:DJI $38,753.12 582.71 1.53
SP500 $5,234.43 76.23 1.48
I:COMP $16,149.34 278.44 1.75

U.S. stocks climbed on Tuesday after a sell-off in the prior session.

The Dow Jones Industrial Average was up more than 800 points, or 2.1%, while the S&P 500 and Nasdaq Composite climbed 2.1% and 2.4%, respectively.

Stocks fell on Monday as investors watched for signs of progress on trade talks, and after President 
Donald Trump
 continued criticizing Federal Reserve Chairman Jerome Powell.

The Dow Jones Industrial Average dropped 971.82 points, or 2.48%, while the S&P 500 and Nasdaq Composite were down 2.36% and 2.55%, respectively.

Trump, in a post on Truth Social, attacked Powell and claimed energy costs and food prices are “substantially lower” and that there is “virtually No Inflation.”

“With these costs trending down so nicely, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump said.

The president’s comments come after he said in a Truth Social post last week that Powell is “always TOO LATE AND WRONG” and that, “Powell’s termination cannot come fast enough.”

Trump’s repeated criticisms of Powell and the Fed have raised concerns about the long-term independence of the central bank as it makes monetary policy decisions.

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Gold hits another new high – $3,500 an ounce

Gold, an inflation hedge, hit $3,500 an ounce for the first time in history as investors seek safety from volatile stocks and bonds as the trade war rages.

Spdr Gold Shares Trust Usd Acc.
$
315.59

The SPDR Gold Trust ETF has gained over 30% this year, while the S&P 500, is down 11%.

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Bitcoin bounces

As the U.S. dollar falls, investors are flocking into Bitcoin which rose above the $90,000 level Tuesday.

The move gave a lift to other major cryptocurrencies which rose in tandem, including Etheruem.

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Bitcoin ETFs also saw a jump.

Symbol Price Change %Change
BITO $19.69 0.65 3.41
IBIT $51.44 1.72 3.45
BITU $38.81 2.47 6.80
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IMF cuts US growth forecast due to tariffs, trade uncertainty

The International Monetary Fund on Tuesday cut its growth forecasts for the U.S. and other countries due to century-high tariff rates and trade uncertainty.

“This on its own is a major negative shock to growth,” the IMF said in the executive summary of its April 2025 World Economic Outlook. “The unpredictability with which these measures have been unfolding also has a negative impact on economic activity and the outlook and, at the same time, makes it more difficult than usual to make assumptions that would constitute a basis for an internally consistent and timely set of projections.”

The IMF’s update to its January 2025 World Economic Outlook comes after President Donald Trump announced tariffs on U.S. trading partners and their countermeasures to the duties.

The agency now sees the forecast for U.S. growth slowing to 1.8%, 0.9 percentage point lower than its January forecast.

It also cut its forecast for global growth by 0.5 percentage point to 2.8% for 2025.

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VP Vance says US, India can establish win-win partnership to avoid ‘dark time’

Vice President JD Vance on Tuesday said that President Donald Trump hopes the U.S. and India can work together and grow across trade, defense and energy toward a prosperous future. 

Vance, who is on a largely personal four-day visit to India, gave the remarks in Jaipur, the capital of the northwestern state of Rajasthan, a day after meeting with Prime Minister Narendra Modi in New Delhi. 

“If India and the United States work together successfully, we’re going to see a 21st century that is prosperous and peaceful,” Vance said. “But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity.”               

Vance also said the U.S. and India have finalized the terms of reference for trade negotiations

India has sought to make an early trade deal with the U.S., the country’s largest trading partner, before the end of a 90-day pause on Trump’s reciprocal tariffs. 

Reuters contributed to this report.

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Trump meeting retailers including Walmart, Home Depot, Target regarding tariff concerns

President Donald Trump is having a sit-down with several retailers regarding the tariffs he has imposed on goods imported from foreign countries.

Bloomberg reported the meeting on Monday will be between the president and big-name retailers
 like Target, Walmart, Home Depot and Lowe’s. Fox Business confirmed the meeting will take place.

Trump’s tariffs and their effect on companies will be at the center of the talks, according to the outlet. They will take place at the White House.

A spokesperson for Walmart confirmed to FOX Business that Doug McMillon, who has been the retailer’s CEO since 2014, will be in attendance.

This is an excerpt of an article by Fox Business’ Aislinn Murphy. To read more, click here.

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Amid recent market turmoil, who owns US Treasuries?

The market for U.S. Treasuries plays a critical role in how the federal government finances its spending through debt and holds the title of the world’s largest. 

It also has the most liquid government bond market, though the sector has been in focus recently amid market volatility due to uncertainty over tariffs. 

Here’s what Treasury Department data from the end of February – before the recent sell-off in Treasuries – showed as the 10 largest foreign holders of U.S. Treasuries

·Japan: $1.125 trillion

·China: $784 billion

·United Kingdom: $750 billion

·Cayman Islands: $418 billion

·Luxembourg: $413 billion

·Canada: $406 billion

·Belgium $395 billion

·France: $354 billion

·Ireland: $339 billion

·Taiwan: $295 billion 

This is an excerpt of an article by Fox Business’ Eric Revell. To read more, click here.

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US tariffs Southeast Asia solar imports up to 3,521%

Solar panels imported from four Southeast Asian countries may be slapped with steep tariffs of up to 3,521% to address Chinese companies accused of flooding the market with unfairly cheap goods, U.S. trade officials said Monday. 

The U.S. Commerce Department announced the plans following an investigation into Chinese solar panel makers with operations in Cambodia, Thailand, Malaysia and Vietnam who were all accused of pricing their solar panels below the cost of production. 

The proposed duties vary depending on the company and country. Jinko Solar products from Malaysia were hit with the lowest tariff of 41.56%.

Products from Trina Solar in Thailand face a 375.19% tariff. Solar panel exporters in Cambodia face the stiffest tariffs of 3,521% over what the Commerce Department said was a lack of cooperation with its investigation. 

American Alliance for Solar Manufacturing Trade Committee, the group that called on the U.S. government to investigate the issue, praised the proposed tariffs

“These are very strong results,” Tim Brightbill, an attorney for the U.S. manufacturing group, said on a call with reporters. “We are confident that they will address the unfair trade practices of the Chinese-owned companies in these four countries, which have been injuring the U.S. solar manufacturing industry for far too long.” 

Reuters contributed to this report.

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Stocks sink after Trump slams Powell, U.S. dollar craters

Investors licked their wounds Monday in what was another volatile session after President Trump called on Federal Reserve Chairman Jerome Powell to cut interest rates to avoid an economic slowdown.

Trump, in another slam on Powell, coined him “Mr. Too Late” in a reference to missed opportunities to cut rates.

MARKETSDow falls over 900 points as Trump slams Fed’s Powell, trade uncertainty weighsStocks fell on Monday, with energy shares among the biggest losers, as President Donald Trump ramped up his attacks on Federal Reserve Chairman Jerome Powell.

All three of the major U.S. averages lost over 2%.

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Will one ‘really good’ tariff deal make volatility settle down?

Market experts EP Wealth Advisors’ Adam Phillips and Slatestone Wealth partner Kenny Polcari analyze tariff-fueled market volatility, the Fed’s ‘period of uncertainty’ and earnings season.

Phillips says last week, the U.S. enjoyed a little bit more of a calm trading environment with the exception of Wednesday when Jay Powell spoke, but that there is still a period of uncertainty.

“We’ve seen a little bit of a rebound off the lows there on April 8th, but what we’re telling clients is look buckle in that we were not getting off that easy. We’re in this period of uncertainty, within that 90 days,” said Phillips. “It’s really just delaying and postponing this period of uncertainty, so I think just like everyone else we’re living headline to headline.”

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1970s inflation ahead?

As the U.S. dollar spirals
to a three-year low, and gold continues its climb, touching another fresh record of over $3,400+ an ounce, the recipe for dangerous inflation is coming together. Forbes Media Chairman and Trump supporter, weighs in on what, if anything, the Federal Reserve can do. 

MEDIAAs gold soars, the dollar sinks: Forbes warns US headed towards 1970s-style inflation nightmare
Higher inflation and a recessionary economy could be in store as America’s market reels with trade tensions and a weakening dollar, according to Steve Forbes.

Why experts say gold can keep going and going higher…

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