News from the South - Texas News Feed
Trump says he doesn't see a recession 'at all' despite brutal stock market selloff
SUMMARY: Despite a recent stock market selloff, Trump stated he does not foresee a recession, emphasizing that he believes the country will experience a significant boom. He acknowledged that his current approach may be challenging but insists it will yield vastly better results. Trump suggested that opportunistic investors could take advantage of the market decline by making valuable purchases. Additionally, he discussed a call with Canada’s leader regarding tariffs, expressing respect for the decision not to impose electricity tariffs on the U.S. and hinting at possible adjustments to existing tariffs on Canada.
U.S. President Donald Trump said he doesn’t see a recession ‘at all’ despite brutal stock market selloff on Monday and ongoing jitters Tuesday.
“I don’t see it at all,” Trump answered a reporter’s question on fears of an economic recession. “I think this country is going to boom,” he said.
Shortly before Trump spoke at the White House, Ontario Premier Doug Ford said that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove the surcharge on electricity sold to the United States.
Ford said he was confident the U.S. president would also stand down on his own plans for 50% tariffs on Canadian steel and aluminum.
“I’m looking at that but probably so,” Trump said of not imposing additional tariffs on Canada.
Responding to further questions, Trump said he “appreciated” Ford’s call. “I thought it was nice. ”
The U.S. stock market fell further Tuesday following Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. And like it’s been most of the past few weeks, the market’s slide on Tuesday was erratic and dizzying.
Such head-spinning moves are becoming routine in what’s been a scary ride for investors as Trump tries to remake the country and world through tariffs and other policies. Stocks have been heaving mostly lower on uncertainty about how much pain Trump is willing for the economy to endure in order to get what he wants.
SUMMARY: President Trump’s tariffs on China, Mexico, and Canada have raised concerns about a potential recession in the U.S. A recession is defined as a significant decline in economic activity, lasting more than a few months, often marked by two consecutive quarters of negative GDP. During a recession, unemployment typically rises, consumer spending often decreases, and manufacturing can decline, leading to falling prices and increased government deficits. Current predictions of a recession’s likelihood vary, with Goldman Sachs estimating a 20% chance, and J.P. Morgan Chase forecasting a 40% chance, highlighting the uncertainty among experts.
The post What is a recession and is the US in one? appeared first on www.kxan.com
News from the South - Texas News Feed
US lifts military freeze on Ukraine in push for 30-day ceasefire
SUMMARY: The U.S. announced the restoration of military aid and intelligence sharing to Ukraine after talks in Jeddah, Saudi Arabia. Ukraine expressed readiness to accept a proposed 30-day ceasefire, contingent on Russian agreement. A joint statement emphasized that U.S. communication with Russia will stress that their cooperation is essential for peace. The U.S. will provide $4 billion in military aid and begin discussions on a comprehensive peace agreement, involving European partners. U.S. officials expressed hope that Russia would agree to the ceasefire, signaling a potential shift towards diplomatic resolution, while highlighting Ukraine’s gratitude for American support.
The post US lifts military freeze on Ukraine in push for 30-day ceasefire appeared first on www.kxan.com
News from the South - Texas News Feed
UK fears environmental damage after ships’ collision in the North Sea
SUMMARY: A cargo ship collided with a tanker transporting jet fuel for the U.S. military off eastern England, resulting in fires and explosions that burned for over 24 hours. One sailor is presumed dead, while 36 crew members were rescued. The Portugal-registered Solong hit the U.S.-flagged MV Stena Immaculate, causing a leak of jet fuel into the North Sea, although no significant pollution has been reported. Environmentalists warn of potential harm to marine life and seabirds, especially given the collision’s location near fishing grounds. Investigations are ongoing, and the U.K. government is monitoring the situation and air quality.
The post UK fears environmental damage after ships' collision in the North Sea appeared first on www.kxan.com
Franklinton Mardi Gras parade update
Ronald Dumas Jr. Advocates Left With Unanswered Questions After HPCAC Meeting | March 11, 2025 | New
Dingers for Days
NC sees increase in domestic violence related homicides, new data shows
Moss Point mayoral race heating up weeks away from primary election
EXCLUSIVE: Don Siegelman speaks on Scrushy's push to overturn their 2006 convictions
Blood stain leads to 2 arrests in 1997 Oklahoma cold case
The Breakdown: Constitutional Amendment 2 seeks to overhaul tax language
Conway proposes charter school plans, draws in crowd
One dead, another injured in downtown STL shooting: Officials
Remarkable Woman 2024: What Dawn Bradley-Fletcher has been up to over the year
Feed the Children rolls out new program to help Oklahoma families
March 6,2025: Rain and snow on the way
Travis County DA failed to meet deadline to indict murder suspect | FOX 7 Austin
Judge tosses evidence tampering against Tim Herrington
64-year-old woman injured after car crashed into her mobile home in Zephyrhills
School officials voice concerns as US Department of Education remains in limbo
Fifth Ward home robbed, caught on camera
Mississippians honor first Black lawmaker since Reconstruction
Warrants say Spring Lake teen used Instagram to arrange meeting with man
Franklinton Mardi Gras parade update
Ronald Dumas Jr. Advocates Left With Unanswered Questions After HPCAC Meeting | March 11, 2025 | New
Dingers for Days
NC sees increase in domestic violence related homicides, new data shows
Moss Point mayoral race heating up weeks away from primary election
EXCLUSIVE: Don Siegelman speaks on Scrushy's push to overturn their 2006 convictions
Blood stain leads to 2 arrests in 1997 Oklahoma cold case
The Breakdown: Constitutional Amendment 2 seeks to overhaul tax language
Conway proposes charter school plans, draws in crowd
One dead, another injured in downtown STL shooting: Officials
-
News from the South - Louisiana News Feed7 days agoRemarkable Woman 2024: What Dawn Bradley-Fletcher has been up to over the year
-
News from the South - Oklahoma News Feed4 days ago
Feed the Children rolls out new program to help Oklahoma families
-
News from the South - Oklahoma News Feed5 days ago
March 6,2025: Rain and snow on the way
-
News from the South - Texas News Feed6 days ago
Travis County DA failed to meet deadline to indict murder suspect | FOX 7 Austin
-
Mississippi Today4 days ago
Judge tosses evidence tampering against Tim Herrington
-
News from the South - Florida News Feed7 days ago
64-year-old woman injured after car crashed into her mobile home in Zephyrhills
-
News from the South - North Carolina News Feed5 days ago
School officials voice concerns as US Department of Education remains in limbo
-
News from the South - Texas News Feed3 days ago
Fifth Ward home robbed, caught on camera
