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Tuesday, 8 April 2025

Stocks open high after wild day

08:23

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Plus: a high-altitude in-flight miracle ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Apr 8 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning! This is Betty Lin-Fisher with today's The Daily Money.

U.S. stocks opened sharply higher this morning on hopes that negotiations will soften President Donald Trump's tariff plan.

That's after a wild day on Monday, when stocks opened sharply lower for the third straight day and briefly popping higher on a withdrawn report that Trump would delay tariffs for 90 days and then dropping again on a new Trump threat to levy an additional 50% tax on China if it didn't retreat from its retaliatory tariff planned for Thursday, reports Medora Lee.

Volume was the highest in at least 18 years with roughly 29 billion shares changing hands.

Today, China is vowing to fight against what it called "blackmail" after Trump threatened an additional 50% tax on Chinese imports. You can follow our latest tariff coverage with live updates.

You can also bookmark this link , which has all of USA TODAY's tariff coverage.

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A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 7, 2025.

Timothy A. Clary, AFP via Getty Images

Doctor in peril: In-flight crisis creates bond

Let's take a break from the frenzy of tariff news to highlight an incredibly heart-warming story. What happens when a bride returning on a flight from her honeymoon – and who is a family medicine physician – starts to feel intense chest pain and nausea and an emergency room physician are on the same flight?

The two women formed a new bond in what the bride calls a miracle. The bride told her story to my colleague Kathleen Wong.

📰 Consumer stories you shouldn't miss 📰

Trump's tariffs put stock markets in a frenzy, but not nearly as crazy as 1929 or 1987. Check out this explainer.
What exactly is a recession and what are the chances the U.S. will have one?
This growing ultra low cost carrier will operate deportation flights under ICE.
Need a car repair? Get it done now to avoid tariff costs.

📰 Before you go 📰

Here's one more story to highlight: Changes to USPS mail delivery are underway. Here's what to know about how the changes, which took effect April 1 and are part of a 10-year plan, will affect your mail service.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Achi (the dog from the famous dogwifhat meme) is seen at the opening bell of the New York Stock Exchange in New York, on January 23, 2025. Dogwifhat (WIF) is a Solana-based dog-themed memecoin that was launched in November 2023. It features a Shiba Inu wearing a knitted hat as its mascot. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

US stocks rally on Tuesday amid hopes some countries may reach tariff deals and avoid a trade war. Data show steady buyers since last week's plunge.

A stock trader monitors the Jakarta Composite Index (JCI) in South Tangerang, Banten, on April 8, 2025. Indonesian stocks tanked more than nine percent at the open on April 8 and the rupiah slid after a long public holiday break, triggering a trading suspension as uncertainty over President Donald Trump's global tariff policies roil markets.
 

China defiant, accuses Trump of 'blackmail' over 104% tariff threat

China faced a deadline Tuesday to roll back the reciprocal tariff it promised to impose on the U.S. or face an additional 50% levy.

Dr. Jacquelyn Lacera suffered a medical emergency on a recent American Airlines flight.
 

Doctor in peril: In-flight emergency forges unexpected friendship

When one woman suffered arrhythmia on a flight home from her honeymoon, another stepped up to save her. Here's what happened.

A volatile stock market shutters due to tariffs.
 

Stocks went wild following Trump tariffs, but not to historical lows

Though stocks rose and fell on the uncertainty of Trump tariffs, they did not match the catastrophes of previous crashes

NEW YORK, NEW YORK - APRIL 07: Traders work on the floor of the New York Stock Exchange during morning trading on April 07, 2025 in New York City. All three major stock indexes dipped again at the opening of the stock market for the third straight day with the Dow Jones dropping over 1000 points and the S & P 500 nearing bear market territory amid U.S. President Donald Trump's sweeping new tariffs and other countries' retaliations. (Photo by Michael M.   Santiago/Getty Images)
 

Odds of a US recession are growing. How do economists define one?

Wall Street and TikToks don't determine when the country enters a recession. Eight economists do.

Avelo Airline's Boeing 737-700 takes off for its first flight to Orlando, Fla., out of New Castle Airport in Wilmington on Feb. 1, 2023. Avelo's inaugural flight marks the return of commercial flight services to Delaware and offers non-stop trips to five Florida locations.
 

Growing ultra low cost airline Avelo will operate deportation flights

Avelo Airlines, a relatively new and fast-growing ultra low cost carrier, agreed to operate ICE deportation flights from Arizona starting in May.

Apprentice Brendan Walker, 23, of Fenton, works on a customer's Lincoln Navigator in for service at LaFontaine Ford Grand Blanc in Flint on Monday, March 3, 2025. Ford is adding $4 million more to its fund to award scholarships to students to study becoming a service technician. It is key to solving a nationwide shortage that is expected to worsen. The Bureau of Labor Statistics projects an average of 67,800 openings for automotive   service technicians and mechanics each year through 2033.
 

Need a car repair? Get it done now to avoid tariff costs, experts say

Auto experts say there is a four- to six-week supply of parts before it starts to deplete. That's when tariffs will make auto repairs more expensive.

The U.S. Postal Service drop-off box is visible in the Capitol Hill neighborhood in Washington.
 

USPS changes to mail delivery underway in April: What to know

The changes hitting USPS this month, which took effect April 1, are part of a 10-year plan to save the agency $36 billion.

A JetBlue plane taxis on the runway at Palm Beach International Airport in West Palm Beach, Florida on February 7, 2025.
 

Remains found in JetBlue landing gear in Florida were 2 teenage boys

The Broward County Sheriff's Office revealed the identities of two teenagers found dead in the landing gear of a JetBlue plane in January.

USA TODAY
 

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