Preliminary tests identify presence of canine distemper virus, a highly contagious disease that attacks the respiratory, gastrointestinal, and nervous systems
Recent polling shows Americans largely disapprove of president’s leadership, with just 39 percent approving of his administration after just over one year in office
Rolling coverage of the latest economic and financial news
Bitcoin has continued to drop this morning, down 2% to $63,149, as the cautious mood in markets ripples out to the world of crypto. It is now down by about 20% this month alone, which has put it on track for its worst monthly performance since June 2022.
It would also put the original cryptocurrency on track for its fifth consecutive monthly decline, which would be its longest losing streak since 2018, according to Bloomberg.
The blanket 10% global duties have come into force, but the threat of upping these to 15% is still dangling. Plus, the President and his team appear to be looking at other options in the trade arsenal, including considering imposing new tariffs under the pretext of national security on industrial sectors such as large batteries, chemicals, power grids and telecoms equipment.
The President won’t want to lose face against trade opponents, which is why relying on the TACO trade, and the expectation he’ll ‘chicken out’, bears risks. The State of the Union address could also see Trump justify the military build‑up in the Gulf and potentially a fresh attack on Iran. Oil prices are hovering near seven‑month highs as tense negotiations are set to resume on Thursday, with the threat of military action still high. The concern is that it would not just disrupt shipments from Iran, but oil supplies across the region.
Department reversed course over plan to temporarily suspend program in response to congressional impasse over funding placing a strain on its resources
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