Latest news with #Jr.Day
San Francisco Chronicle
3 days ago
- Sport
- San Francisco Chronicle
Amazon to broadcast 17 NBA Cup games, including championship, on Prime Video
Amazon announced its NBA Cup broadcast schedule on Wednesday, with Prime Video slated to show 17 of the games, including the championship. The league also announced the overall NBA Cup schedule on Wednesday, with several matchups already assigned to broadcast networks. Prime will show 10 NBA Cup group games and the knockout rounds. Its NBA on Prime Cup Nights will feature five straight weeks of group play doubleheaders starting Oct. 31. That night, Boston will visit Philadelphia and Memphis will host the Los Angeles Lakers. On Nov. 7, Victor Wembanyama and the San Antonio Spurs will host the Houston Rockets and new acquisition Kevin Durant. After that, Steph Curry's Golden State Warriors will visit Nikola Jokic's Denver Nuggets. On Nov. 14, Miami visits New York and Golden State visits San Antonio. On Nov. 21, Cleveland will host Indiana and Denver will visit Houston. On Nov. 28, Milwaukee will travel to New York and the Los Angeles Lakers, with LeBron James and Luka Doncic, will host Dallas and No. 1 overall pick Cooper Flagg. The other 50 group games will be split between ESPN, NBC and NBA League Pass. There will be group play Nov. 25 on NBC, when Philadelphia hosts Orlando and the Los Angeles Clippers visit the Los Angeles Lakers. ESPN will show a trio of group games on Nov. 26. Detroit visits Boston, MVP Shai Gilgeous-Alexander and defending champion Oklahoma City hosts Minnesota in a rematch of the Western Conference Finals, and Golden State hosts Houston. Earlier this week, the opening night, Christmas and Martin Luther King, Jr. Day games were announced. The full schedule — 80 of the 82 games for all teams — will be released Thursday. The remaining two games for each team will be announced in December based on how teams fare in the NBA Cup. ___
CNN
30-04-2025
- Business
- CNN
100 days: The US stock market's rollercoaster ride since Trump took office
Nov 6 2024 Donald Trump wins reelection Trump takes the stage to speak at his election night rally in West Palm Beach, Florida, on November 6. (Will Lanzoni/CNN) Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president). The stock market soars on Wall Street's expectations for a pro-business Trump administration that will cut red tape and boost economic activity. Nov 6 Dec 5 2024 Bitcoin crosses $100,000 A coin representation of the Bitcoin cryptocurrency. (Martin Bureau/AFP/Getty Images) Bitcoin, the world's largest cryptocurrency, surpasses $100,000 for the first time ever, signaling optimism about a "Trump bump" that will boost investments associated with Trump's agenda. After the S&P 500 gained 23% across 2024, and 24% across 2023, investors are unsure whether the good times can keep rolling. Yet hopes for a pro-business boom under Trump's second term keep spirits elevated on Wall Street. Jan 2 Jan 20 2025 Inauguration Day Trump's inauguration as the 47th US president coincides with Martin Luther King, Jr. Day, a federal holiday, when the US stock market is closed. The New York Stock Exchange on Wall Street in November, 2024. (Angela Weiss/AFP/Getty Images) The stock market rallies on the first day of trading during Trump's said in an Oval Office signing ceremony that his administration would levy a 25% tariff on Mexico and Canada starting February 1. Analysts at Morgan Stanley said in a note that Trump's focus on tariffs so early in his term is a reminder that 'vigilance is warranted' as markets try to keep track of Trump's flurry of policy decisions. Jan 21 Feb 1 2025 Trump signs executive order on tariffs Trump signs the first executive order laying out a plan to impose tariffs: 10% on China and 25% on Mexico and Canada. Stocks slide after Trump announces his plan for tariffs, signaling that investors are nervous about how tariffs might impact economic growth and distort the outlook for the market. Feb 3 Traders on the floor of the New York Stock Exchange during morning trading on February 19. (Michael M. Santiago/Getty Images) The stock market gains modestly and the S&P 500 closes at an all-time record high. During Trump's first 100 days, the index never gets higher than this point. Feb 19 Bitcoin tumbles as low as $78,250, falling below the $80,000 threshold for the first time since November. Cryptocurrencies are highly volatile. Feb 28 Canada's Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4 on Parliament Hill in Ottawa. (Dave Chan/AFP/Getty Images) Trump's 25% tariffs on Canada and Mexico go into effect, while the tariff on China rises to 20%.The market fluctuates as investors are unsure how to respond to tariffs. Many investors had thought tariffs would just be a bargaining tool, as opposed to full-fledged policy. Mar 4 The S&P 500 slides 1.2%, erasing all gains since Trump was re-elected. The "Trump bump" that gave a boost to stocks after Trump's election evaporates as the S&P 500 closes at its lowest level since November. Mar 4 Trucks queue near the Mexico-US border at Otay Commercial crossing in Tijuana, Mexico, on March 4. (Guillermo Arias/AFP/Getty Images) Trump's tariffs threaten to upend the global economy and disrupt a deeply intertwined international trading are a tax on imported goods, meaning businesses that rely on international supply chains could see an increase in costs. Tariffs can raise expenses for consumers because that tax is often passed on in the form of higher prices. Tariffs also deter international trade and global economic tariffs can contribute to weak consumer sentiment and higher inflation, both of which can negatively impact the economy. Tariffs complicate business decisions and hamper growth, stoking uncertainty for investors who much prefer a stable business environment with robust economic growth. "I'm not even looking at the market." – Trump during remarks at the White House. Mar 6 US stocks open sharply lower but fluctuate on mixed messaging from the White House. The market closes tech-heavy Nasdaq Composite Index enters correction territory, down more than 10% from its record high in December. A correction is a Wall Street term for falling 10% or more from a recent peak. 'Extreme fear' has been the sentiment driving investors for the past week, according to CNN's Fear and Greed Index. Mar 6 In an interview on Fox News, Trump said the US economy would see 'a period of transition' and refused to rule out a recession. When asked on Fox News if he was expecting a recession this year, Trump said 'I hate to predict things like that. There is a period of transition because what we're doing is very big.' Mar 9 Financial professionals work on the floor of the New York Stock Exchange at the opening bell on March 10. (Charly Triballeau/AFP/Getty Images) The S&P 500 drops 2.7% and the Dow drops 2.08% in one day, both recording their steepest one-day loss so far in Nasdaq records its biggest single-day decline since 2022. It is a sign that investors are growing increasingly nervous about how tariffs might impact economic growth. Mar 10 Mar 13 2025 Correction territory The S&P 500 closes in correction territory (down 10% or more from a record high) for the first time since 2023. 'No, I'm not going to bend at all on aluminum or steel or cars. We're not going to bend. We've been ripped off as a country for many, many years.' – Trump to reporters in the Oval Office speaking about the 25% tariffs on steel and aluminum. Mar 13 Treasury Secretary Scott Bessent speaks to reporters outside the West Wing on March 13 in Washington, DC. () Treasury Secretary Scott Bessent said on CNBC that he is not concerned about 'a little bit of volatility over three weeks.' Bessent said the Trump administration is focused on the 'real economy' and the outlook for the long term. Mar 13 US stocks surge but all three major indexes still finish the week in the red. Trump's budding trade war continues to send jitters through markets, causing another volatile week on Wall Street. The Dow posts its worst week since 2023. Mar 14 Treasury Secretary Scott Bessent tells NBC News that he is 'not at all' worried about recent drops in the stock market. Mar 16 "I've been in the investment business for 35 years, and I can tell you that corrections are healthy. They're normal. What's not healthy is straight up." – Bessent on NBC News The first quarter of the year ends. The S&P 500 posts its worst quarterly performance since 2022 as investors are fed up with the uncertainty and volatility created by Trump's back-and-forth decisions on his tariff policy. Mar 31 Apr 2 2025 Trump's "Liberation Day" Trump holds a chart next to US Secretary of Commerce Howard Lutnick while delivering his remarks on tariffs in the Rose Garden at the White House on April 2. (Carlos Barria/Reuters) Trump unveils his "Liberation Day" tariffs after the closing bell. Trump announces his plan for "reciprocal" tariffs during a ceremony at the White House. He holds up a chart depicting massive tariff rates on dozens of countries. Stock futures begin to plummet during his announcement speech as investors realize that his tariff plan was not a bargaining chip and the plan is much more aggressive and unprecedented than anticipated. An electronic board shows the Nikkei 225 index on the Tokyo Stock Exchange on April 3. (Kazuhiro Nogi/AFP/Getty Images) US stock futures plunge. Dow futures drop more than 1,100 points, or 2.7%. Markets in Asia also tumble. 'The markets are going to boom, the stock is going to boom, the country is going to boom. And the rest of the world wants to see if there's any way that they can make a deal, they've taken advantage of us for many many years, for many years we've been at the wrong side of the ball, and I tell you what, I think it's going to be unbelievable.' – Trump speaking on the South Lawn of the White House Apr 3 Wall Street is rattled by a steep sell-off as investors try to make sense of Trump's escalating trade war. US stocks are battered by another deep sell-off after China retaliates against Trump's tariffs in a tit-for-tat that escalates the global trade Dow plunges by 2,231 points, or 5.5%. The S&P 500 drops 5.97%. The Nasdaq slides 5.82%. The Nasdaq closes in a bear market — down more than 20% — for the first time since 2022. Apr 4 Skittishness is pervasive on Wall Street as the S&P 500 drops to its lowest level this year. It is the lowest point of Trump's first 100 days. Wall Street's fear gauge spikes to its highest level this year. CNN's Fear and Greed index slumps to its lowest level this year. Apr 8 BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before! Source: Truth Social THIS IS A GREAT TIME TO BUY!!! DJT. Source: Truth Social Apr 9 Pause on tariffs The stock market skyrockets after Trump announces a 90-day pause on most "reciprocal" tariffs. Shipping containers at a port in Nanjing, in eastern China on April 8. (AFP/Getty Images) Trump announces a 90-day pause on most "reciprocal" tariffs, with the exception of waiting for any sign that Trump might shift his approach to the punitive tariffs, investors finally dive in and stocks skyrocket. It is the biggest single-day gain for the S&P 500 since 2008 and also the third-biggest one-day surge in modern history. Despite the historic rally, the market is still well below the level it was at before Trump announced his reciprocal tariffs on April 2. The Treasury Department in Washington DC in March. (Aaron Schwartz/Sipa USA/AP) In the days before Trump announces a 90-day pause on most tariffs, Treasuries sell off in a worrying sign for the stability of US financial when investors sell off stocks in times of crisis, they pile into Treasuries, seeking the safety of an asset backed by the US as stocks decline, investors abruptly sell off Treasuries, raising questions about how much they value the promises made by the US government to pay its sell-off is so abnormal that it spooks the White House. While Trump didn't blink over drops in the stock market, a historically volatile and rare sell-off in US government bonds raised concerns among market watchers and likely led to him backing down on most tariffs. Apr 9 "The bond market is very tricky...I saw last night where people were getting a little queasy." – Trump's remarks on the bond market to reporters The stock market tumbles again as the White House clarifies its plan for a massive 145% tariff on China, escalating the trade Dow, after rising nearly 3,000 points the day before, falls 1,015 points. It is becoming increasingly apparent that volatility will be a mainstay in the markets due to Trump's tariff policy. Apr 10 Apple, an icon of American business, is one of the hardest hit companies by the US-China trade war. Apple relies extensively on international supply chains and factories based in China. Tariffs would disrupt Apple's business model. Apple's stock (AAPL) has tumbled this year. Apr 11 Employees work on the production line of glass panels for mobile phones at a factory in Zunyi, China, in March 2023. (cnsphoto/Reuters) Exemptions for tariffs on smartphones, computers and various electronics are posted in a note on the Federal Register. Shoppers in downtown San Francisco, California, on March 11. (David Paul Morris/Bloomberg/Getty Images) Americans are extraordinarily pessimistic about the sentiment plunged 11% this month to a preliminary reading of 50.8, according to the University of Michigan's latest survey. It is the second-lowest reading on record going back to 1952. April's reading was lower than anything seen during the Great Recession. NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff 'exception' announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.' Source: Truth Social Apr 13 The Apple Store on Fifth Avenue in New York City in February. (Craig) US stocks rise as traders rally on the Trump administration's exemption for tariffs on smartphones, computers and various electronics imported from stocks gain, confusion lingers about the trade war with China. Commerce Secretary Howard Lutnick said the exemptions for electronics are only a temporary reprieve. Those products will face separate levies, according to Lutnick. Apple stock gains a modest 2.2% that day. Apr 14 Jerome Powell speaks during an event hosted by the Economic Club of Chicago on April 16. (Erin Hooley/AP) Federal Reserve Chair Jerome Powell offers a stark warning about the economic impact of Trump's tariffs, saying they could contribute to inflation and drag on economic growth. That would complicate the Fed's ability to make decisions on whether it should cut its benchmark interest rate. The Fed's interest rate underpins the cost of borrowing in the US economy. Apr 16 Powell's termination cannot come fast enough! Source: Truth Social Trump lashes out at Fed Chair Powell for not cutting interest rates fast Fed operates independently from politics and sets its interest rate without political influence. It is a massive break from the norm for a president to try to control Fed policy — but this is far from the first time Trump has challenged Powell. Trump nominated Powell to be Fed chair in 2017 but has long bickered with him over interest rates. Apr 17 US dollar banknotes. (CFOTO/) Stocks swoon as Trump levies complaints against Powell, raising concerns that the White House might try to undermine the Fed's independence. The US dollar index, which measures the dollar's strength against six major foreign currencies, tumbles to its lowest level in three years as Trump bashes the Fed chair. Apr 21 Gold briefly hits a record high above $3,500 a troy ounce. Gold has soared this year amid broad uncertainty about the outlook for the global economy. The yellow metal is historically a haven during times of economic and geopolitical uncertainty. Apr 22 Markets rebound as Treasury Secretary Scott Bessent tells a private investor summit hosted by JPMorgan Chase that the trade war with China is "unsustainable" and he expects a de-escalation in trade tensions, a source familiar with the discussion confirmed to CNN. Bloomberg News first reported the event. Apr 22 Trump tells reporters in the Oval Office that he has "no intention" of firing Fed Chair Powell, a stark reversal after saying his "termination cannot come fast enough!" on social media just days before. As China's President Xi Jinping arrives for a meeting in Vietnam on April 14, he warned that protectionism "leads nowhere" and that a trade war would have "no winners", state media said. (Athit Perawongmetha/Pool/AFP/Getty Images) A day after markets rise on comments from Bessent that the US-China trade war is unsustainable, US markets gain administration officials were relieved by Trump's Oval Office statement that he has no intention to fire Powell, people familiar with the matter told CNN. The officials had become unnerved by the heated rhetoric and wary of a prolonged legal battle should Trump attempt to unseat the Fed chair. The Dow closes higher by 420 points, or 1.07%. The broader S&P 500 gains 1.67% and the tech-heavy Nasdaq Composite rises 2.5%. Apr 23 The S&P 500 posts its first four-day rally since January as investors await the next move in the US-China trade war. The S&P 500 is still 2.57% lower than where it was before Trump announced his "reciprocal" tariffs on April 2. Apr 25 The S&P 500 and Dow post a six-day winning streak, which is their best streak this year. Trump signs an executive order and a proclamation to ease some aspects of auto tariffs. Apr 29 Apr 30 2025 100 days into Trump's second term
