U.S. markets have ended a turbulent week higher despite continued turbulence stemming from Donald Trump’s chaotic trade war against America’s trading partners.
Stocks began the day down but, after lunch, made solid gains following comments from the Federal Reserve that they would keep markets functioning.
The S&P 500 gained 1.73%, ending at 5,359.40 points, while the Nasdaq rose by 1.97% to reach 16,710.54. The Dow Jones Industrial Average was up 1.53%, finishing at 40,201.28.
China increased its tariffs on American imports to 125 percent in retaliation for the 145% levy on its exports, raising the stakes in a trade war that threatens to upend global supply chains.
“There are no winners in a trade war, and going against the world will only lead to self-isolation,” Chinese Premier Xi Jinping told state broadcaster CCTV.
Assistant Chief Immigration Judge Jamee Comans ruled that the claim the student poses “adverse foreign policy consequences” for the U.S. is “facially reasonable.”
Attorneys for Luigi Mangione files motion to preclude government from seeking death penaltyIn a motion to preclude the government from seeking the death penalty, attorneys for Luigi Mangione said that “The United States government intends to kill Mr. Mangione as a political stunt.”
The attorneys noted that Attorney General Pam Bondi stated in an Instagram post that “Mangione is guilty of murder (though he is still unindicted, let alone convicted).”
“When the United States plans to kill one of its citizens, it must follow statutory and internal procedures. Defendant Luigi Mangione seeks Court intervention now not merely because the Government has failed to follow these procedures but because it has abandoned them,” the attorneys state in the motion.
Gustaf Kilander11 April 2025 22:20
Trump’s approval ratings take a beating amid the trade warEric Garcia writes:
President Donald Trump had perhaps one the biggest setbacks for his agenda this week. After a whipsaw performance in overnight markets on Tuesday evening, Trump blinked and announced a 90-day pause on his “reciprocal tariffs.”
Read more:
Gustaf Kilander11 April 2025 22:00
Reporter from MyPillow guy’s network asks White House the secret behind Trump looking ‘healthier than ever before’Justin Baragona reports:
White House press secretary Karoline Leavitt ended Friday’s press briefing by calling on Cara Castronuova, a former boxer and failed MAGA candidate who now works at the pro-Trump propaganda network run by MyPillow CEO and 2020 election conspiracy theorist Mike Lindell.
Absolutely teeing up her question to Leavitt, the Lindell TV “reporter” wondered if the White House would be able to share Donald Trump’s secret “fitness plan” because the 78-year-old president looks “healthier than ever before” and better than when he first began running for political office.
Read on…
Oliver O’Connell11 April 2025 21:45
Europeans shun travel to U.S. in response to TrumpNEW 🧵 The number of people travelling from Europe to the US in recent weeks has plummeted by as much as 35%, as travellers have cancelled plans in response to Trump’s policies and rhetoric, and horror stories from the border. Story: www.ft.com/content/6dc1…
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— John Burn-Murdoch (@jburnmurdoch.ft.com) April 11, 2025 at 3:03 PMOliver O’Connell11 April 2025 21:37
Trump wants Congress to end the changing of clocks and keep the country on daylight saving timeMichelle Price writes:
President Donald Trump on Friday urged Congress to “push hard for more Daylight at the end of a day” in his latest dig at the semiannual changing of clocks.
Trump, in a post on his Truth Social media network, said it would be “Very popular and, most importantly, no more changing of the clocks, a big inconvenience and, for our government, A VERY COSTLY EVENT!!!”
The Republican president’s position calling for more daylight would push the schedule forward, keeping the country on daylight saving time. His post came a day after a Senate panel heard testimony examining whether to set one time all year instead of shifting.
Read more:
Gustaf Kilander11 April 2025 21:30
BREAKING: Judge allows Trump administration to deport Columbia student Mahmoud Khalil over pro-Palestine activismAn immigration court judge has determined that Donald Trump’s administration can deport a Columbia University student activist for his involvement in pro-Palestine demonstrations on campus.
The administration’s claims that Mahmoud Khalil poses “adverse foreign policy consequences” for the United States is “facially reasonable,” according to assistant chief immigration judge Jamee Comans.
Alex Woodward reports.
Oliver O’Connell11 April 2025 21:20
DoJ charges man with threatening Trump, other U.S. officialsThe Department of Justice announced on Friday that it had charged 32-year-old Shawn Monper, from Butler, Pennsylvania, with making threats to murder and assault Trump, other U.S. officials, and ICE agents.
“I want to applaud the outstanding and courageous investigative work of the FBI and the Butler Township Police Department, who thankfully identified and apprehended this individual before he could carry out his threats against President Trump’s life and the lives of other innocent Americans,” said Attorney General Pamela Bondi. “Rest assured that whenever and wherever threats of assassination or mass violence occur, this Department of Justice will find, arrest, and prosecute the suspect to the fullest extent of the law and seek the maximum appropriate punishment.”
Gustaf Kilander11 April 2025 21:15
Wall Street closes out turbulent week higher as Fed says it will keep markets functioningWall Street posted solid gains on Friday as major banks kicked off first-quarter earnings season, and investors concluded a turbulent week marked by wild swings stemming from President Donald Trump’s on-again, off-again tariff decision in the trade war he launched against U.S. trading partners last week.
All three major U.S. indices ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed is ready to keep financial markets functioning should the need arise.
Each index posted gains compared to last Friday’s close. Stocks experienced extreme volatility throughout the week due to Trump’s tariffs change of heart, followed by a reprieve on European goods, and a tit-for-tat escalation in the U.S.-China trade war.
Beijing retaliated to Trump’s recent tariff hike, which reached an effective rate of 145%. The trade war has led to significant intraday market fluctuations and has driven consumers’ near-term inflation expectations to their highest level since 1981.
According to preliminary data, the S&P 500 gained 91.35 points, or 1.73%, ending at 5,359.40 points, while the Nasdaq Composite rose by 323.22 points, or 1.97%, to reach 16,710.54. The Dow Jones Industrial Average increased by 607.62 points, or 1.53%, finishing at 40,201.28.
With reporting from Reuters
Oliver O’Connell11 April 2025 21:06
Fox News White House correspondent Peter Doocy attacked by bird live on airRuby Mitchell writes:
Fox News reporter Peter Doocy was forced to duck for cover live on air on Friday morning (April 11) after a bird landed on his head.
The moment happened as he was broadcasting from outside the White House.
After breaking down the latest developments in the trade war between the US and China, co-host Ainsley Earhardt asked Doocy about President Donald Trump’s latest Truth Social post on the topic.
Fox’s White House correspondent was midway through answering when a bird swooped into shot and momentarily landed on his head. It then proceeded to dive-bomb him before flying away.
Doocy laughed it off, responding “President Trump, if you’re watching upstairs, we got to do something about these birds!”
Fox News White House reporter Peter Doocy attacked by bird live on airGustaf Kilander11 April 2025 21:00
WATCH: Attorney for Kilmar Abrego Garcia calls on government to bring back his clientGustaf Kilander11 April 2025 20:45
