SUMMARY: Global markets plunged after President Trump announced sweeping tariffs, with the S&P 500 down 3.3%, the Dow dropping 1,204 points, and Nasdaq off 4.3%. Fears of stagflation—rising inflation and slowing growth—rattled investors. Trump’s tariffs, including a minimum 10% rate, could reduce U.S. growth by 2% and spike inflation to 5%, UBS warned. Big Tech, energy, retail, and travel stocks were hit hard. Even gold and the dollar fell. While some see the move as a negotiation tactic, markets fear deeper long-term impacts. The Federal Reserve may cut rates, but its options are limited amid inflation concerns.

Read the full article

The post Dow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shock appeared first on fox2now.com

SUMMARY: The St. Louis area is expecting heavy rainfall this weekend, with flash flooding possible on Friday and Saturday. Rivers, streams, and creeks are rising, creating dangerous conditions due to fast-moving currents. A flood watch is in effect, with 2-3 inches of rain expected, and some areas could receive up to 4 inches. The National Weather Service has issued a warning for the region, including the metro area. Additionally, severe storms continue in other parts of the country, with tornado warnings in Nashville. Next week will bring cooler, quieter weather, with possible freezing temperatures by Monday and Tuesday.

Heavy rain is likely to end the week with flooding concerns. By Sunday morning, 2 to 5 inches of rain is possible area-wide.

Source

SUMMARY: Severe storms swept through St. Charles County, prompting concerns about hail damage. Justina Cornell reported live from Travers GMT Auto in O’Fallon, Missouri, where baseball-sized hail destroyed around 300 vehicles a year ago. This time, the dealership was spared, and the owner expressed gratitude. At around 3:15 p.m., skies quickly darkened, triggering automatic lights. Though conditions have since eased to overcast skies, areas like Possi may have suffered more severe damage. Eureka Fire officials deployed a crew, including off-duty responders, to assess the situation. Updates will be shared as information becomes available via KDKA.com and broadcast channels.

Severe storms passed through the St. Louis region on Wednesday. 5 On Your Side’s Justina Coronel has the latest from St. Charles County.

Source