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President Donald Trump promised that ‘bad things’ would happen to Iran if the regime does not come to the table for nuclear negotiations. 

‘My big preference is that we work it out with Iran, but if we don’t work it out, bad things are gonna happen to Iran,’ the president said Friday. 

Iran is enriching uranium to 60%, just shy of the 90% weapons-grade. Experts say it could have a nuclear weapon within weeks if it were to take the final steps to building one. 

In response to U.S. sanctions threats, Iran showed off a sprawling underground tunnel system replete with missiles, launchers, engines and other advanced weapons. 

A video released this week by state media shows two Iranian military leaders, Chief of Staff of the Armed Forces Major General Mohammad Hossein Bagheri and IRGC Aerospace Force Commander Amir Ali Hajizadeh, riding in a vehicle through long, weapons-packed tunnels that Tehran has dubbed ‘Missile City.’ 

The 85-second clip, which has not been independently verified, is set to menacing music and suggests that the Iranian Revolutionary Guard Corps stands ready to respond to threats of an attack from the U.S. and Israel. 

‘Iran’s ballistic missile force remains the largest in the Middle East,’ said Behnam Taleblu, fellow at the Foundation for Defense of Democracies. ‘This is all part of the regime’s deterrent strategy to cement the idea of any conflict with Tehran being a costly and protracted one.’ 

The move comes as U.S. is bolstering its forces in the Middle East. Secretary of Defense Pete Hegseth recently sent a second aircraft carrier, the U.S. Navy’s USS Carl Vinson, to join the USS Harry S. Truman‘s carrier strike group, whose deployment was also extended. 

The U.S. also recently deployed two B-2 stealth bombers to the Diego Garcia base in the Indian Ocean, a warning to Iran and Yemen’s Houthi militia. The planes are capable of carrying 30,000-pound ‘bunker buster’ bombs and are now situated within range of Iran. 

Weeks ago, Trump wrote a letter to Iran urging the regime to engage in talks on its nuclear program. 

Kamal Kharazi, the top foreign policy adviser to Iran’s supreme leader, Ayatollah Ali Khamenei, said on Thursday that the regime would engage in ‘indirect’ talks, according to local news reports.

‘The Islamic Republic has not closed all the doors and is willing to begin indirect negotiations with the United States.’ 

‘Our policy is to not negotiate directly while there is maximum pressure policy and threats of military strikes,’ foreign minister Abbas Aragchi explained. ‘But indirect negotiations can take place as they have in the past.’

If talks falter, the U.S. and Israel have floated the possibility of targeted strikes on underground nuclear facilities. 

In recent weeks, the Trump administration launched a series of offensive attacks on the Houthis in Yemen to send a message to Tehran, which supports them. 

‘Let nobody be fooled! The hundreds of attacks being made by Houthi, the sinister mobsters and thugs based in Yemen, who are hated by the Yemeni people, all emanate from, and are created by, IRAN,’ Trump wrote on Truth Social at the time. 

‘Iran has played ‘the innocent victim’ of rogue terrorists from which they’ve lost control, but they haven’t lost control,’ he continued. ‘They’re dictating every move, giving them the weapons, supplying them with money and highly sophisticated Military equipment, and even, so-called, ‘Intelligence.” 

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A federal appeals court on Friday granted the Trump administration’s motion to extend a stay allowing the Department of Government Efficiency (DOGE) to continue operating at the United States Agency for International Development (USAID).

Last week, a federal judge in Maryland ruled efforts to halt USAID functions were likely unconstitutional, ordering its reinstatement.

A federal appeals court in Richmond, Virginia, on Tuesday issued a stay, temporarily blocking the judge’s order that prohibited DOGE from working with USAID. It also barred biopharmaceutical executive Jeremy Levin from leading the agency.

Friday’s decision extends the stay until the appeal is resolved.

A group of 26 unidentified current and former USAID employees or contractors alleged the Trump administration unlawfully canceled government contracts, placed USAID personnel on administrative leave, reduced the force of employees and contractors, closed the headquarters and took down the website, violating the U.S. Constitution’s appointments clause because Elon Musk acted as DOGE administrator without being properly appointed. 

They also claimed dismantling USAID infringed on Congress’ responsibilities, according to court documents.

The Trump administration fought the claims, alleging Musk acts as a senior advisor to the president, and actions at USAID were carried out by Secretary of State Marco Rubio as USAID’s acting administrator, who then designated Peter Marocco as deputy administrator. 

USAID subsequently, and in accordance with President Donald Trump’s executive order, established an internal DOGE team led by Lewin, according to court documents.

Actions the employees and contractors alleged were unconstitutional were within both agency discretion and the president’s authority to direct foreign policy, the administration argued.

The district court granted the employees and contractors’ requested preliminary injunction, blocking DOGE from operating at USAID, finding the administration ‘likely’ violated the Constitution, and the pause was in the public interest. 

It later clarified Lewin, who led the USAID DOGE team prior to the injunction, could no longer do his job as chief operating officer at USAID and declined to grant any modifications. 

The Trump administration appealed the district court’s preliminary injunction and the denial of its motion for clarification or modification. It also filed an emergency motion to stay the injunction pending the appeal.

U.S. Court of Appeals Circuit judges Arthur Marvin Quattlebaum Jr. and Judge Paul V. Niemeyer found Friday that Musk and DOGE ‘made a strong showing that they are likely to succeed on the merits of the appeal, that they will be irreparably injured absent the stay,’ according to court documents.

Further, Quattlebaum and Niemeyer found the stay ‘favors the public interest.’

The ruling marked the third temporary win Friday for the Trump administration at the federal appeals court level.

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President Donald Trump drew laughs from the press when one reporter asked him to define what a woman is. Trump was speaking at a news conference after Alina Habba, a longtime member of his team, was sworn-in as the U.S. Attorney for New Jersey. 

The reporter who asked the question first said that Trump had done ‘so much for women’ before listing women who have powerful roles in the Trump administration, including Chief of Staff Susie Wiles, Press Secretary Karoline Leavitt and Attorney General Pam Bondi. He then asked, ‘Since Democrats seemed to struggle answering this question, I want to ask you, what is a woman and why is it important that we understand the difference between men and women?’

The room quickly erupted in laughter as Trump said that the question was ‘easy’ to answer.

‘A woman is somebody, they can have a baby under certain circumstances. She has equality. A woman is a person who is much smarter than a man, I’ve always found. A woman is a person that doesn’t give a man even a chance of success,’ Trump said.

While the reporters in the room chuckled, Trump took the opportunity to take the question in a serious direction and addressed the issue of transgender athletes playing in women’s sports.

‘And a woman is a person that in many cases has been treated very badly. Because I think that what happens with this crazy, this crazy issue of men being able to play in women’s sports is just ridiculous and very unfair to women, and very demeaning to women,’ Trump said, shifting the tone of the news conference. 

Trump referenced a Democrat lawmaker, without naming who it was, fighting to keep transgender athletes in women’s sports. The president joked that he hopes Democrats keep arguing for the inclusion of trans athletes in women’s sports ‘because they’ll never win another election.’

The Trump administration has taken swift action in combating gender ideology. Trump signed an order specifically addressing the issue of trans athletes in women’s sports. The order, ‘Keeping Men Out of Women’s Sports,’ prohibits educational institutions that receive federal funds from allowing trans athletes to compete against women.

Additionally, Trump signed an executive order titled ‘Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government.’ This order made it official policy that the U.S. government only recognizes two genders: male and female.

The U.S. Department of Education recently took action on this issue and launched an investigation of the California Department of Education over alleged violations of the Family Educational Rights Privacy Act (FERPA) after a new California law went into effect that bars schools from disclosing a child’s ‘gender identity’ to their parents. 

California Gov. Gavin Newsom spokesperson Elana Ross told Fox News Digital in a statement Thursday, ‘Parents continue to have full, guaranteed access to their student’s education records, as required by federal law.’

As Trump concluded his answer to the question, he said, ‘Women are, basically, incredible people, do so much for our country. And we love our women and we’re going to take care of our women.’

Fox News Digital’s Jamie Joseph contributed to this article.

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President Donald Trump has insisted the U.S. needs to ‘get’ Greenland, ‘one way or another.’ But it’s not the first time U.S. leaders have had their eyes on the icy, sprawling island.

Located in the middle of contested waters between the U.S., Russia and Western Europe, Greenland is situated at a point that could protect the North Atlantic passage from Russian ships and submarines. It was a key military vantage point during the Cold War, and President Harry Truman offered to buy Greenland from the Danes in 1946. 

The island is also a transfer point for communication cables that cross the Atlantic. European officials claim Russian ‘ghost ships’ have been destroying such cables by dropping their anchors and dragging them across the ocean floor.

Greater control over the island would not only offer the U.S. the shortest ship route to Europe but also the opportunity to bolster its ballistic missile early warning system and place radar on the ocean floor to track the movements of Russian and Chinese ships.

The island rests on top of lucrative supplies of critical and rare earth minerals, such as cobalt, nickel, uranium and iron — materials that are essential to electric vehicles, medical equipment, electronics, batteries and advanced defense systems. 

The U.S. was once a top producer of rare earth minerals, but has been knocked off by China. China currently dominates the global supply chain with access to 60% of the world’s supply, but Greenland could be a ‘game changer,’ according to national security attorney Irina Tsukerman.

‘Their total resources of these rare earths could be greater than what China has,’ she told Fox News Digital.

Vice President JD Vance, second lady Usha Vance, national security advisor Mike Waltz and Energy Secretary Chris Wright, along with Sen. Mike Lee, R-Utah, visited Greenland on Friday. 

‘Our message to Denmark is very simple: you have not done a good job by the people of Greenland,’ the vice president remarked on the trip. 

‘You underinvested in the people of Greenland, and you’ve underinvested in the security architecture of this incredible, all-beautiful landmass filled with incredible people. That has to change and because it hasn’t changed, this is why President Trump’s policy in Greenland is what it is.’

Greenland is estimated to have the world’s eighth-largest reserve of rare earths, just behind the U.S. But its minerals have proven difficult to access — 80% of the island’s surface is covered in thick sheets of ice. The island also has lots of red tape: strict environmental and social impact requirements mean the permitting process takes time. 

The nation’s economy is currently built on fishing and welfare: Denmark offers around $700 million each year, nearly half of Greenland’s budget. 

The U.S. has dangled ‘billions’ in investment to mine minerals in Greenland as part of an effort to reduce its reliance on China, though China has already had a limited involvement in mining projects there. 

‘China is more concerned about access to the Arctic than those minerals,’ said Tsukerman. 

‘China has focused its mineral efforts on Africa, where it is indeed far ahead of the U.S. Russia has been focused on the Arctic,’ she continued. ‘There’s been growing talks about increasing NATO presence in the area to deter Russian and Chinese vessels from entering.’

There’s oil and gas, too, but in 2021 Greenland passed a ban on all future oil and gas exploration and extraction. 

As the ice caps continue to melt, the waters around Greenland are becoming more and more navigable — meaning ships traveling from Asia and Europe can sail polar routes and avoid heading south to the Panama and Suez canals. 

U.S. and Danish defenses on the island have become outdated, just as Russia is refurbishing its own Arctic ports. Greenland once hosted dozens of U.S. bases and outposts, but today hosts just one: Pituffik Space Force Base. Once home to around 10,000 U.S. troops, just around 200 are deployed there now. 

‘We need Greenland for international safety and security. We need it. We have to have it,’ Trump said in an interview on Wednesday.

The territory largely opposes the idea of joining the U.S. 

In response to Trump’s threats to take Greenland, Denmark announced a $2 billion investment in defense on the island in January. 

Denmark’s defense intelligence service has determined Greenland to be ‘a priority for Russia, and it will demonstrate its power through aggressive and threatening behavior, which will carry along with it a greater risk of escalation than ever before in the Arctic.’

‘We have not invested enough in the Arctic for many years,’ Danish Defense Minister Troels Lund Poulsen admitted recently. ‘Now we are planning a stronger presence.’

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President Donald Trump’s continued criticism of Germany’s failure to pay its defense bills looks to have pushed one of Europe’s wealthiest nations into action. 

The president’s criticism of Berlin has compelled Germany to increase funding for its military forces and infrastructure, which critics say are in a bad state of affairs.

Richard Grenell, U.S. Ambassador to Germany during the first Trump administration, told Fox News Digital ‘multiple German leaders ignored the warnings from President Trump that Russia was using energy as a weapon against them. 

‘The war in Ukraine and the invasion of Putin showed the new German leadership that Donald Trump was absolutely right about Germany feeding the beast that ultimately turned on them.’

Trump appointed Grenell as presidential envoy for ‘special missions’ in December.

In 2018, Trump rebuked Germany’s addiction to Russian gas, according to observers of German-U.S. relations. He told the U.N. General Assembly that ‘Germany will become totally dependent on Russian energy if it does not immediately change course. Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers.’

During his remarks, the camera panned to Germany’s delegation to the U.N. in 2018, including its then-U.N. Ambassador, Christoph Heusgen, and former Foreign Minister Heiko Maas, who all seemingly laughed and smiled at Trump. 

However, those smirks soon turned into raw anxiety, when four years later, in 2022, Russian President Vladimir Putin invaded Ukraine and Germany scrambled for a way to wean itself off Russian gas to avoid helping reward Putin.

Matthew Kroenig, director of the Atlantic Council’s Scowcroft Center for Strategy and Security, told Fox News Digital, ‘Every U.S. presidential administration since Eisenhower has complained about European free riding, but asking ‘pretty please’ has not worked. Trump’s tough rhetoric is achieving results that eluded his predecessors.

‘The Trump effect is in part due to Trump raising NATO burden sharing to the very top of the transatlantic security agenda and in part due to genuine fears that Washington could abandon NATO and Europe would need to fend for itself.’

After Trump and Grenell helped to cajole the Germans out of their security slumber, Berllin reached the NATO goal of spending 2% of gross domestic product spending in 2024. This was the first time Berlin reached 2% since 1991, the end of the Cold War. 

Trump, however, called for Germany to spend 5% on defense because, he argues, the U.S. is contributing significant resources to protect the central European country.

The frustration with Germany and other European allies was captured in text messages reported between Secretary of Defense Pete Hegseth and Vice President JD Vance. 

‘I fully share your loathing of European free-loading. It’s PATHETIC,’ Hegseth said in response to Vance, who questioned U.S. leadership in advancing security policies in the Red Sea to counter Houthi aggression and reopen shipping lanes. 

Germany’s export trade greatly benefits from free navigation in the Middle East, but it refuses to aid the U.S. in stopping the Iran-backed Houthi terrorist movement via military strikes. Europe and Germany are unwilling to follow Trump’s lead and sanction the Houthis as a terrorist entity.

The so-called Trump Effect has also affected the German parliament’s decision to relax restrictions on debt so it can pump funds into its military superstructure.  

The likely new German chancellor, Friedrich Merz of the conservative Christian Democratic Union party, said he would do ‘whatever it takes’ to rebuild Germany’s frail military. Berlin’s mainstream parties aim to invest hundreds of billions of euros in defense and infrastructure. Germany’s armed forces (Bundeswehr) are, according to reportsin a state of disarray, with a mere 181,174 soldiers at the end of last year. Germany’s Defense Ministry seeks to expand its armed forces to 203,000 by 2031.

Recruitment remains an ongoing challenge within a population raised on pacifism. After Germany started two World Wars in the last century, Germany’s power politics stressed the role of multilateral institutions like the U.N. and diplomacy in remedying conflicts.

The Associated Press recently reported that Germany’s parliamentary commissioner for the armed forces, Eva Högl, said, ‘The biggest problem is boredom. She added ‘If young people have nothing to do, if there isn’t enough equipment and there aren’t enough trainers, if the rooms aren’t reasonably clean and orderly, that deters people, and it makes the Bundeswehr unattractive.’

In an interview earlier this month with German news outlet WELT, the German historian Michael Wolffsohn, who taught atthe Bundeswehr University Munich, said of Germany and Western Europe’s failure over the decades to address its severe defense deficits, ‘Now we get the receipt for everything we neglected.’

Fox News Digital sent a detailed press query to the German Foreign Ministry about Trump’s criticism that Berlin has chronically underinvested in defense and remained wedded to Putin’s gas supply after his warnings.

Fox News’ Caitlin McFall contributed to this report.

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Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.

Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, and no interest on the first $1,000 of margin borrowed.

Now the company is adding wealth management features called Robinhood Strategies, which offers curated access to exchange-traded fund portfolios and mixes of handpicked stocks. The service, available to Gold Subscribers, carries a 0.25% annual management fee, capped at $250.

Robinhood also said this week that with its new Robinhood Banking offering, Gold subscribers will get private banking services with tax advice and estate planning tools, perks like access to private jet travel, five-star hotels and tickets to Coachella, and 4% interest on savings accounts. Customers will also soon be able to get cash delivered to their doorstep, saving them a trip to the ATM, though few details were provided.

Tenev told CNBC in an interview that Robinhood’s subscription service could be similar to what users get from Amazon Prime or Costco membership, where their monthly fee feels justified by the quality and quantity of the perks, which keep them coming back.

“My philosophy behind it is subscriptions are about loyalty,” Tenev said. “So if you’re a subscriber to something, then that service is sort of the first in mind when you think about trying something else from that category.”

Tenev said that in financial services, loyalty is particularly important because it’s “equivalent to wallet share.”

Tenev said the number of subscribers increased from about 1.5 million a year ago to 3.2 million today, adding that it’s a “nine-figure business,” meaning at least $100 million in annual revenue.

Robinhood grew in popularity among younger investors by making it easy to buy and hold fractional shares in companies using a simple mobile app, and then moving into crypto. Tenev said on Thursday that over the longer term, Robinhood wants to be “the place where you can buy, sell, trade, hold any financial asset, conduct any financial transaction.”

Robinhood shares are up 19% this year after almost tripling in 2024, when crypto prices soared.

This post appeared first on NBC NEWS

President Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law.

The order, signed without public fanfare and announced late Thursday, appears to touch most of the federal government. Affected agencies include the Departments of State, Defense, Veterans Affairs, Energy, Health and Human Services, Treasury, Justice and Commerce and the part of Homeland Security responsible for border security.

Police and firefighters will continue to collectively bargain.

Trump said the Civil Service Reform Act of 1978 gives him the authority to end collective bargaining with federal unions in these agencies because of their role in safeguarding national security.

The American Federation of Government Employees, which represents 820,000 federal and D.C. government workers, said late Thursday that it is “preparing immediate legal action and will fight relentlessly to protect our rights, our members, and all working Americans from these unprecedented attacks.”

“President Trump’s latest executive order is a disgraceful and retaliatory attack on the rights of hundreds of thousands of patriotic American civil servants — nearly one-third of whom are veterans — simply because they are members of a union that stands up to his harmful policies,” AFGE National President Everett Kelley said.

AFL-CIO President Liz Shuler said in a statement, “It’s clear that this order is punishment for unions who are leading the fight against the administration’s illegal actions in court — and a blatant attempt to silence us.” She also vowed, “We will fight this outrageous attack on our members with every fiber of our collective being.”

The announcement builds on previous moves by the Trump administration to erode collective bargaining rights in the government.

Earlier this month, DHS said it was ending the collective bargaining agreement with the tens of thousands of frontline employees at the Transportation Security Administration. The TSA union called it an “unprovoked attack” and vowed to fight it.

A White House fact sheet on Thursday’s announcement says that “Certain Federal unions have declared war on President Trump’s agenda” and that Trump “refuses to let union obstruction interfere with his efforts to protect Americans and our national interests.”

“President Trump supports constructive partnerships with unions who work with him; he will not tolerate mass obstruction that jeopardizes his ability to manage agencies with vital national security missions,” the White House said.

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Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.

On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower U.S. traffic at Lululemon and industry peers. However, he said, shoppers responded well to innovation at the company.

“There continues to be considerable uncertainty driven by macro and geopolitical circumstances. That being said, we remain focused on what we can control,” McDonald said.

Shares of the apparel company plunged 15% on Friday morning.

Lululemon was only the latest retailer to say it expects slower sales for the rest of this year as concerns grow about a weakening economy and President Donald Trump’s tariffs. Even so, the Canada-based company said it expected only a minimal hit to profits from the U.S. trade war with countries including Canada, Mexico and China.

Here’s how the company did compared with what Wall Street was expecting for the quarter ended Feb. 2, based on a survey of analysts by LSEG:

Fourth-quarter revenue rose from $3.21 billion during the same period in 2023. Full-year 2024 revenue came in at $10.59 billion, up from $9.62 billion in 2023.

Lululemon’s fiscal 2024 contained 53 weeks, one week longer than its fiscal 2023. Excluding the 53rd week, fourth-quarter and full-year revenue both rose 8% year over year for 2024.

Lululemon expects first-quarter revenue to total $2.34 billion to $2.36 billion, while Wall Street analysts were expecting $2.39 billion, according to LSEG. The retailer anticipates it will post full-year fiscal 2025 revenue of $11.15 billion to $11.30 billion, compared to the analyst consensus estimate of $11.31 billion.

For the first quarter, the company expects to post earnings per share in the range of $2.53 to $2.58, missing Wall Street’s expectation of $2.72, according to LSEG. Full-year earnings per share guidance came in at $14.95 to $15.15 per share, while analysts anticipated $15.31.

CFO Meghan Frank said on the Thursday earnings call that gross margin for 2025 is expected to fall 0.6 percentage points due to higher fixed costs, foreign exchange rates and U.S. tariffs on China and Mexico.

Lululemon reported a net income for the fourth quarter of $748 million, or $6.14 per share, compared with a net income of $669 million, or $5.29 per share, during the fourth quarter of 2023.

Comparable sales, which Lululemon defines as revenue from e-commerce and stores open at least 12 months, rose 3% year over year for the quarter. The comparison excludes the 53rd week of the 2024 fiscal year. Analysts expected the metric to rise 5.1%.

Comparable sales in the Americas were flat, while they grew 20% internationally. Lululemon has been facing a sales slowdown in the U.S., although McDonald said its U.S. business stabilized in the second half of the year and partially attributed the improvement to new merchandise. He added that Lululemon will expand its stores to Italy, Denmark, Belgium, Turkey and the Czech Republic this year.

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The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant.

The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination.”

“We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with the commission to answer its questions,” a Disney spokesperson told CNBC.

FCC Chairman Brendan Carr, who was recently appointed by President Donald Trump, began a similar investigation into Comcast and NBCUniversal in early February.

The inquiry comes after Trump signed an executive order looking to end DEI practices at U.S. corporations in January. The order calls for each federal agency to “identify up to nine potential civil compliance investigations” among publicly traded companies, as well as nonprofits and other institutions.

“For decades, Disney focused on churning out box office and programming successes,” Carr wrote in the letter to CEO Bob Iger. “But then something changed. Disney has now been embroiled in rounds of controversy surrounding its DEI policies.”

An FCC spokesperson didn’t comment beyond the letter.

Disclosure: Comcast is the parent company of NBCUniversal and NBC News.

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Wednesday’s stock market price action revealed a caution sign, and with it, any hope that rose from Monday’s price action just got buried. The Tech sector sold off, with the Nasdaq Composite ($COMPQ) falling over 2%.

The chart of $COMPQ indicated hesitation. Of the three broader indexes, it was the one that didn’t cross above its 200-day simple moving average (SMA), and its breadth wasn’t showing signs of expanding. The Dow Jones Industrial Average ($INDU) still holds on to its position above its 200-day SMA and 21-day EMA.

The S&P 500 is a concerning chart. The index crossed above its 200-day SMA on Monday; then, on Tuesday, there was a doji candlestick indicating indecision among investors. Then comes Wednesday, and we see a wide-range down day that closed well below the midpoint of Monday’s trading range. This satisfied the conditions for an evening doji star, which is a bearish reversal pattern. In addition, the index wasn’t able to close above its January low. This doesn’t leave a warm, fuzzy feeling.

FIGURE 1. BEARISH REVERSAL IN THE S&P 500 DAILY CHART? The evening doji star is an indication of a bearish reversal. Will this hold or will the pattern fail? It’s something to watch for as tariff concerns remain front and center. Chart source: StockCharts.com. For educational purposes.

Consumer Discretionary Sells Off

The back and forth with tariffs was the main cause of Wednesday’s selloff. The news of President Trump prepping to sign an auto tariff statement after the market closes elevated investor uncertainty. The automobile industry was the worst performer in the Consumer Discretionary sector (see MarketCarpet below).

FIGURE 2. CONSUMER DISCRETIONARY SECTOR’S MARKETCARPET. The automobile industry was the worst hit in this sector. After the tariff announcement on Wednesday, the sector could see further selling. Image source: StockCharts.com. For educational purposes.

Tesla, Inc. (TSLA), the largest weighted stock in the Automobile sub-industry, fell 5.58%. There were many other auto manufacturers such as Toyota Motor (TM), Ferrari (RACE), General Motors (GM), and Honda Motor Co. (HMC), who experienced a similar fate.

Mr. Market didn’t know the tariff details before the close, so the selloff was in anticipation of 25% tariffs being implemented. At around 5:30 pm EDT, President Trump announced the implementation of 25% tariffs on autos manufactured outside of the U.S. Shares of Ford Motor Co. (F), General Motors (GM), and Stellantis (STLA) were trading lower after Wednesday’s close. Don’t be surprised if Thursday is a volatile trading day.

Semis Tumble

Things weren’t so rosy in AI land, either. Microsoft, Inc. (MSFT) scaled back on its data center buildouts, which didn’t help tech stocks. The Technology sector was the worst-performing S&P sector on Wednesday.

The Technology sector MarketCarpet below gives a good picture of the magnitude of the selloff. Semiconductors were the worst hit, with NVIDIA Corp. (NVDA), Broadcom, Inc. (AVGO), and Taiwan Semiconductor Mfg. (TSM) seeing significant declines.

FIGURE 3. TECHNOLOGY SECTOR MARKETCARPET. The Technology sector was the hardest hit on Wednesday. As you can see, it was a sea of red with the large-cap weighted stocks seeing significant selloffs. Chart source: StockCharts.com. For educational purposes.

What a difference a day makes. The Cboe Volatility Index ($VIX) is inching higher after its slide since March 11. It’s back above 18 indicating that fear is back on the table.

Fasten Your Seatbelts

The rest of this week could be volatile. Keep your eyes on the macro picture. Treasury yields held on, but could rise further on Wednesday. As a result, the U.S. dollar could strengthen against the Japanese yen. If inflation expectations and concerns about economic growth rise, precious metals could shine.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.