SNAPSHOT Wall Street indexes move lower after FT report says Trump pushes for 15-20% tariff on EU goods
At 12:29 p.m., the Dow Jones Industrial Average (.DJI), opens new tab fell 242.74 points, or 0.54%, to 44,242.58, the S&P 500 (.SPX), opens new tab lost 7.28 points, or 0.11%, to 6,290.21 and the Nasdaq Composite (.IXIC), opens new tab lost 15.30 points, or 0.07%, to 20,870.41.
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The Independent
19 minutes ago
- The Independent
Army's head of aviation, who faced questions over deadly midair collision, has new role
The U.S. Army's head of aviation has changed jobs to become chief of the branch's enterprise marketing office, a move that comes before the National Transportation Safety Board holds hearings next week on January's midair collision between an Army helicopter and a commercial jet that killed 67 people. Brig. Gen. Matthew Braman became chief of the Army Enterprise Marketing Office this month to focus on advertising and boosting recruitment, according to his new bio on an Army website. An Army spokesperson said the plan to move Braman was in place last fall and had nothing to do with the tragedy. The NTSB will hold three days of hearings, starting next Wednesday, on the crash near Reagan Washington National Airport. Braman was among those who faced criticism from some in Congress following the collision over the Potomac River, which was the nation's deadliest plane crash since November 2001. Braman acknowledged during a hearing in March that military helicopters were still flying over the nation's capital with a key system broadcasting their locations turned off during most missions because it deemed them sensitive. Texas Sen. Ted Cruz called it 'shocking and deeply unacceptable' after earlier complaining that the general wasn't answering his questions. Braman repeatedly evaded Cruz's questions during the hearing about whether he would provide a copy of a memo laying out the policy for when Army helicopters fly with their locators turned off. Braman said he wasn't sure he could provide the memo because it was part of the investigation, but the head of the NTSB assured him that would be okay. Former NTSB and FAA crash investigator Jeff Guzzetti, who has followed the crash investigation and watched the hearing, welcomed the news that Braman is no longer leading the Army's aviation unit. 'Personally I think that's a good thing. That guy was just not playing ball in my view,' Guzzetti said. 'He was too protective and defensive and evasive and secretive. And that's not what you need in this type of situation.' Cruz, the Republican chairman of the Senate Commerce Committee, said in April that troubling missteps since the crash 'underscore the precarious situation in the nation's airspace.' Expressing frustration with the Army's refusal to turn over a memo detailing its flight rules, Cruz said during the hearing that any deaths resulting from another collision near Reagan Airport 'will be on the Army's hands.' He threatened the Army with a subpoena if it did not give the committee a copy of its memo. The fact that system wasn't activated in the Black Hawk that collided with the passenger jet is a key concern investigators have highlighted. With the location system turned off, the tower had to rely on radar for updates on the helicopter's position that only came once every four seconds instead of every second before the crash. 'It begs the question, what doesn't the Army want Congress or the American people to know about why it was flying partially blind to the other aircraft and to the air traffic controllers near DCA?' Cruz said, using the airport code for Reagan. 'This is not acceptable.'
The Independent
19 minutes ago
- The Independent
In-N-Out Burger CEO to join the list of high-profile business figures to leave California
As California's much-loved hamburger chain In-N-Out Burger expands across the country into Tennessee, billionaire owner and CEO Lynsi Snyder has announced she and her family are going with it and heading east, too. 'There are a lot of great things about California, but raising a family is not easy here,' Snyder announced last week on the 'Relatable' podcast, hosted by conservative commentator Allie Beth Stuckey. 'Doing business is not easy here.' Snyder said the corporate headquarters will remain in California. The company announced in 2023 that it planned to open a corporate office in Tennessee, along with restaurants in and around Nashville. With her move to Tennessee, Snyder becomes the latest high-profile business figure to decamp a state known for its sunshine but also heavy taxes and regulation, progressive politics and a punishing cost of living. Other departures have included Charles Schwab and Chevron, which cited regulatory issues, taxes and high operating costs, and Elon Musk announced last year he was moving the headquarters of SpaceX and social media company X to Texas. He said at the time that a California law barring school districts from requiring staff to notify parents of their child's gender identification change was the 'final straw.' Snyder is the granddaughter of the chain's founder, Harry Snyder, who opened his first drive-thru hamburger stand in Southern California in 1948. The California cache has long been part of the brand's identity. According to its website, In-N-Out Burger has over 400 locations across eight states — California, Nevada, Arizona, Utah, Texas, Oregon, Colorado and Idaho. In a post on the social media platform X, Tennessee Gov. Bill Lee said, 'From the first time I met Lynsi and her team, we both knew (the chain) would thrive in the Volunteer State.'
BBC News
20 minutes ago
- BBC News
What do we know about Donald Trump's visit to Scotland?
Donald Trump flies into Scotland on Friday for a four-day trip, his first visit to the UK since his US president is due to visit his golf resorts at Turnberry on the Ayrshire coast and Menie in White House has described the visit as a "private" trip and said he will meet Prime Minister Sir Keir Scottish government has confirmed that First Minister John Swinney will also meet the is due to return to the UK for an official state visit in have already been raised about the scale of the visit and the security implications, with police representatives raising concern about both the costs involved and the impact on staffing. Why is President Trump coming to Scotland? The fact this is not an official state visit means President Trump is largely free to set his own main purpose appears to be to visit his two golf courses - Trump International at Menie in Aberdeenshire and Trump Turnberry in South Ayrshire. Trump opened the former in 2012 and bought Turnberry two years has been a regular visitor to both courses over the years, the last time being in 2023 when he broke ground on a second course at the site in connections to Scotland are mother, Mary Anne MacLeod Trump, was born and raised just outside Stornoway in the Isle of Lewis. A native Gaelic speaker, she moved to New York aged 18, where she later married businessman Fred president has visited her former home in Tong more than once and has often spoken of his love of his mother's home investments have brought jobs to both his businesses in Scotland, though the scale of these have been clear, however, is that he retains a close interest in them, though serving presidents are meant - by convention - to step back from running any businesses while occupying the White House. When is President Trump coming to Scotland? The president is expected to arrive some time on Friday, and travel back to the US on Tuesday 29 schedule has not been made public but he is expected to split his time between his two Scottish bases at Turnberry and length of the trip and the relative lack of programmed meetings is a contrast to the forthcoming state visit, which will be a much more formal affair, from 17 to 19 that occasion, he and First Lady Melania Trump will stay at Windsor Castle as the guests of the King and Queen. Who is President Trump meeting in Scotland? Earlier this month, the president's press secretary told reporters at the White House that Trump would meet the prime minister in "Aberdeen" on Monday. Karoline Leavitt said the meeting with Starmer would "refine the great trade deal that was brokered between the United States and the United Kingdom".However, the Menie resort is about 10 miles (16km) north of the city and Downing Street has yet to confirm details of the proposed meeting, including where it will take place and what will be later said he had decided to meet the president on his trip because it was in Scotland's interests to do so. He said there were a number of domestic and international issues which were of interest to the people of Scotland including the Middle East, the war in Ukraine, and the imposition of tariffs on products such as Scotch whisky.A Scottish government spokesperson said the president's visit would be an opportunity to "promote the interests of Scotland".Swinney previously said he did not see how September's state visit could go ahead in the wake of President Trump's showdown with Ukraine's President Zelensky in the White House in Greens co-leader Patrick Harvie described John Swinney's decision to meet President Trump as "tragic".He said: "There can be no excuses for trying to cosy up to his increasingly fascist political agenda." What will President Trump's security be like? Presidential visits are enormous affairs and the security operation which will accompany Trump and his family is Force One - the president's jet - is a heavily-defended flying White House. The presidential motorcade, which includes two identical limousines and more than 20 other security and communications vehicles, is transported ahead of the visit by United States Air Force transport the ground, the president travels in Cadillac One - an armoured, high-powered enhanced limousine known as "The Beast". And there will have to be an enhanced police presence, taken from the ranks of the host country's own forces. For the last state visit in June 2019, more than 6,300 UK police officers were deployed at a cost to London's Metropolitan Police of £3.4m. A previous four-day working visit in 2018 cost more than £ 2018 trip to Scotland is thought to have seen more than 5,000 officers deployed, with the UK Treasury chipping in about £5m to help with the there are already concerns about how much this "private" trip will cost Scotland, especially against a backdrop of police complaints about spending on the Scottish Police Federation (SPF), which represents rank-and-file officers, has raised concerns about what the Trump visit will mean for its Scotland confirmed it was preparing for a presidential visit earlier this Scottish government said it had been working with the national force to put plans in place, with thousands of officers likely to be deployed as part of the security operation. Will there be protests against President Trump? President Trump is probably the most high-profile individual ever to visit Scotland. He's also at constant was an attempt on his life during the 2024 election and a man has been charged with attempting to assassinate the president after being found with a rifle at a golf course in Florida in September are at the higher end of the risks facing security teams guarding the most powerful man on of the coming visit's police resources will be taken up with balancing the right to democratic protest with the president and his entourage's ability to travel safely around last presidential visit made by Trump in 2018 required a major security operation, with thousands protesting in Glasgow, Edinburgh and was booed during an afternoon game of golf by demonstrators gathered along the the perimeter at Turnberry.A paraglider also flew over the hotel with a banner criticising the will undoubtedly be more protests this time around. Among those who have vowed to be out on the streets is Scottish Green leadership contender Ross Greer, who called the president a "dangerous extremist".He told the BBC that he would be protesting "in solidarity with the people in the US and across the world who are already suffering as a result of Donald Trump".Police Scotland have said they have the resources to deal with whatever the visit brings.
