Trump's tariff tally: $34 billion and counting, global companies say President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures, a toll that is expected to rise as ongoing uncertainty over tariffs paralyzes decision making at some of the world's largest companies.

Trump's tariff tally: $34 billion and counting, global companies say reut.rs/451ncGs

1 in 5 Americans are on Medicaid. Some enrollees have no idea Some Americans who rely on Medicaid to pay for their health care don’t realize their insurance is funded by that very program, which congressional Republicans are looking to shrink.

Some Americans who rely on Medicaid to pay for their health care don’t realize their insurance is funded by that very program, which congressional Republicans are looking to shrink. (via @stateline.org)

Trump’s America

It appears this is the fourth worst back to back day for the DJIA in American history with a two day combined -8.65% loss, only trailing the 1929 crash, 1987 Black Monday, and the 2008 crisis.

Dow Down 2200+ Points

Fox:

Stocks were in free fall again on Friday, ending the market's worst week in years as a trade war with China heated up over tariffs.

Meanwhile, Federal Reserve Chair Jerome Powell said tariffs are expected to lead to higher prices and weaken the economy.

Geoff Bennett and Amna Nawaz explain.

Does this include oil from the Middle East and South America?

Elon Musk promised he would eliminate the nearly $2 trillion budget deficit in year one. But DOGE won’t just fall short of Musk’s deficit-reduction goals, Jonathan Chait writes. It will, in all probability, increase the deficit—by a lot. theatln.tc/HHz6dJrj

I pity her. She’s being used. I wonder how her 60 yo self will view this period of her life.

GOLDMAN hikes its odds of US recession to 35% — from a prior 20%.

The move reflects “the sharp recent deterioration in household and business confidence, and statements from White House officials indicating greater willingness to tolerate near-term economic weakness in pursuit of their policies.”

JPM calls it “the fastest Momentum unwind in 40 years .. erased 2 years’ worth of gains and accelerated investors’ late-cycle positioning into Defensive / Low Vol ..”

wtf

Same! 🙌🏼

OMG. You could be right. The natives have more $ and resources now and may put up a better fight than a couple centuries ago.

Call your Congress members at (202) 224-3121.
Or better yet, download "5 Calls" as an app and start using it. It’s easy. It’s effective.
Source: Jay Kuo

🙁