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Empty shelves and financial turmoil: Why Trump backed down
The White House changed its tone on both China tariffs and Federal Reserve Chair Jerome Powell, and the shift pushed stocks higher. The CEOs of Walmart, Target, Lowe’s and Home Depot met with President Trump in the Oval Office to discuss the tariffs’ impact on retail, and warned the President of “empty shelves.” Trump’s advisers were alarmed by his attacks on Powell and his unprecedented tariffs, particularly on China. “Trump Chickened Out” is trending on social media in China, as Trump has said that China tariffs will drop “substantially” but “won’t be zero.”
0:00 CNN business and politics correspondent Vanessa Yurkevich on Sec. Bessent’s remarks on the trade war
4:02 CNN chief national affairs correspondent Jeff Zeleny on Trump’s impromptu North Lawn comments on tariffs
9:24 CNN senior White House reporter Kevin Liptak discusses Trump’s remarks on China
12:51 Panel discussion with CNN senior correspondent Kayla Tausche, The Atlantic’s Franklin Foer, and NPR’s Ayesha Rascoe
20:53 Ex-Trump economic adviser Stephen Moore discusses President Trump’s negotiating approach
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Cyberattacks targeting water utilities have been identified in more than a dozen states; health officials in Michigan say it is okay to eat bagged salad again; a salmonella outbreak linked to jalapenos from Mexico has sickened 345 people in 27 states; a federal appeals court ordered the Trump administration to stop construction on the $400 million ballroom project at the White House; new signs posted at the Reflecting Pool say it has been partially refilled; the FDA has approved the first flu vaccine based on MRNA technology; Ariana Grande spoke out after announcing she’s taking a step back from the public eye; a beagle named Bailey is the first dog genetically engineered to be hypoallergenic; Australian airline Jetstar will begin charging passengers to use the overhead lockers for their bags; and astronomers using a telescope in Hawaii have released images from the sun.
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The debate over a $20 burrito has Republicans divided and is fueling a discussion about inflation and affordability in America.
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At least eight people, including four children, were shot during an incident in Brooklyn’s Coney Island late on the Fourth of July, the New York Police Department said.
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Brad Pitt is just one of many celebrities who have publicly spoken about drinking alcohol and sobriety. In a candid interview with Esquire, Pitt opens up about his past alcohol use.
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David Muir looks back at the moment the elk got close during an interview on the ancestral land of the Yurok Tribe at Redwood National and State Parks. The Yurok chairman said he had never seen the elk come that close.
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