Children play in a narrow lane of a poor community in Bengaluru, India, Tuesday, July 19, 2022. (AP Photo/Aijaz Rahi)
On April 9, Trump announced on social media a “90-day PAUSE” for most of the tariffs he’d announced a week earlier, except those against China.for one of its best days ever.
Trump largely ignored the damage to the stock market, surprising for a president who boasted repeatedly during his first term about how the Dow was doing. But he couldn’t ignore theTumbling prices for U.S. government bonds raised worries that the U.S. Treasury market was losing its status as the world’s safest place to keep cash. The value of the U.S. dollar also sank in another signal of diminishing faith in the United States as a safe haven for investors.Unlike stocks, Treasurys and the dollar haven’t fully bounced back. Some of that may be because of shifting expectations for
, but it’s also still a signal that investors globally still have some trepidation about the United States.While consumer sentiment has weakened – it has fallen for five straight months by one measure -- what investors call “hard data,” such as employment numbers, indicate the economy is still doing OK. Recent data show employers added 177,000 jobs in April and that inflation has cooled.
Through all the market’s tumult, U.S. companies have continued to deliver profit reports for the start of the year that have topped analysts’ expectations. Stock prices tend to follow profits over the long term, and that’s given the market a notable boost.
Three out of every four companies in the S&P 500 have beaten analysts’ expectations for profits in recent weeks, including such market heavyweights as Microsoft and Meta Platforms. They’re on track to deliver growth of nearly 13.6% from a year earlier, according to FactSet.Somaia Abu Amsha scooped small portions for her family, saying they have not had bread for over 10 days and she can’t afford rice or pasta.
“We don’t want anything other than that they end the war. We don’t want charity kitchens. Even dogs wouldn’t eat this, let alone children,” she said.Aid groups say the small amount of aid that Israel has allowed is far short of what is needed. About 600 trucks entered daily under the latest ceasefire.
Israel has said its slight easing of the blockade is a bridge until the new aid system it demands is put in place. The U.N. and other humanitarian groups have rejected the system, saying it enables Israel to use aid as a weapon and forcibly displace the population.Netanyahu told reporters the plan will begin “in coming days.”