Matt Gagnon discussed the recent stock market volatility triggered by misinformation about a potential 90-day pause on tariffs, which added $2.4 trillion in market value in 10 minutes, only to erase it within 23 minutes after the White House denied the report. The S&P 500 index saw its widest intraday range since March 2020, ending the day down 2.2%. Gagnon emphasized the psychological impact of market reactions, suggesting that fear and irrational decisions are driving market volatility. He argued that while tariffs may affect future profitability, the U.S. economy remains strong, and the market will eventually stabilize, though a recession remains a possibility.
A woman in Indiana who put off dental surgery because she doesn't know if she can afford the copay. A Florida couple with young children who are depleting their savings. A grandmother in Idaho who plans to sell her car to pay the rent. They are among the tens of thousands Transportation Security Administration officers set to receive another $0 paycheck this week.
Two people were killed and several others badly hurt when an Air Canada regional jet struck a fire truck on a runway while landing at New York's LaGuardia Airport, officials said.
Federal immigration officers have been seen at an airport in Atlanta after President Donald Trump said he'd deploy agents to supplement the Transportation Security Administration during a government shutdown that has caused long lines at security checkpoints across the country.
