Latest news with #MattEgan
CNN
8 hours ago
- Business
- CNN
Why aren't tariffs causing inflation?
Why aren't tariffs causing inflation? For the past year, many economists warned that tariffs would increase prices, but inflation is lower today than when President Trump took office. CNN's Matt Egan breaks down why this might be the case and how economists expect that to change in the coming months. 01:09 - Source: CNN Vertical Trending Now 15 videos Why aren't tariffs causing inflation? For the past year, many economists warned that tariffs would increase prices, but inflation is lower today than when President Trump took office. CNN's Matt Egan breaks down why this might be the case and how economists expect that to change in the coming months. 01:09 - Source: CNN 50 years of 'Jaws' and shark attacks As Steven Spielberg's summer blockbuster 'Jaws' turns 50, CNN's Harry Enten figures out how likely it is to be attacked by a shark and whether we should fear the waters. 01:57 - Source: CNN Erupting volcano puts Indonesians on high alert Mount Lewotobi Laki Laki, one of Indonesia's most active volcanoes, erupted Tuesday, sending an ash cloud high into the air. The country's volcanology agency has raised the alert level to the highest. 00:59 - Source: CNN The NHL Stanley Cup's perfect imperfections The Stanley Cup is one of the most iconic trophies in all of sports, but one of the reasons the NHL's championship trophy is so lionized is its perfect imperfections. CNN's Coy Wire spoke to The Keeper of the Cup Howie Borrow for a tour of some of the trophy's character-building bloopers. 01:02 - Source: CNN Storm chaser captures 'unprecedented' view of monster hailstones falling from sky Storm chaser and research scientist Sean Waugh has documented softball sized (or greater) hailstones in freefall with an ultra-high-tech camera mounted on a retrofitted research vehicle. The goal – to study and better understand what makes gigantic hail form, and how to better detect it and ultimately improve severe weather warnings. Sean speaks with CNN Meteorologist Derek Van Dam while on the road, capturing imagery of this very impactful and expensive natural phenomenon. (edited) 01:47 - Source: CNN Flash flood destroys apartment building An apartment building in West Virginia partially collapsed as flash floods hit the area. The governor's office said at least five people are dead and four people remain missing following the floods. 00:31 - Source: CNN After talking to hundreds of dads, this podcaster shares his two biggest lessons Dr. John Delony speaks to millions of listeners on his popular podcast about mental health, family and relationships. As a therapist, he's used to offering advice to struggling fathers, but we asked him about the biggest lessons he's learned as a dad. 01:32 - Source: CNN Rare deep-sea squid filmed alive for first time Scientists have captured the first-ever footage of the elusive Gonatus antarcticus squid alive in its deep-sea habitat. CNN's Jeremy Roth describes the rare encounter. For more on this story, visit 01:12 - Source: CNN Trump draws boos and cheers at Kennedy Center President Donald Trump drew charged reactions of both admiration and ire at the Kennedy Center's opening night of "Les Misérables." 00:29 - Source: CNN The many adventures of the Stanley Cup Winner's of the NHL's Stanley Cup each get to take the cup for a day and do whatever they want with it. CNN's Coy Wire recounts some of the Cup's wildest days out. 00:43 - Source: CNN BTS members discharged from South Korean military One of the world's biggest boybands could soon be making a comeback with six out of seven members of K-Pop supergroup BTS now discharged from South Korea's mandatory military service. The band plans to reunite at some point later this year. 00:47 - Source: CNN Combs requests mistrial for a second time CNN's Elizabeth Wagmeister explains that Sean "Diddy" Combs' defense team requested a mistrial for a second time, which was denied. Combs' team accused the prosecution of presenting false testimony from Bryana Bongolan, a friend of Cassie Ventura's, who testified that Combs dangled her over a balcony. 01:26 - Source: CNN Tennessee sheriff's office airlifts escaped zebra to safety DEK: A zebra, that escaped from its owner in Christiana, Tennessee was captured on Sunday and airlifted to safety by the local sheriff's office. The animal, named Ed, had been reported missing just a day after he was acquired by its owners in Rutherford County. They have since been reunited. 00:35 - Source: CNN Jamie Foxx breaks down during BET Awards acceptance speech Jamie Foxx was overcome with emotion while accepting the Ultimate Icon Award at the BET Awards. He reflected on his 2023 health scare. 00:45 - Source: CNN See what's coming to your iPhone and other Apple devices Apple announced major software updates at its annual Worldwide Developers Conference. Most of the new features won't reach users' devices for a few months when OS 26 releases this fall. 01:49 - Source: CNN
CNN
04-06-2025
- Business
- CNN
50% tariffs on steel and aluminum imports are in effect. Here's what that could mean
US tariffs on steel and aluminum just doubled to 50%. CNN's Matt Egan breaks down what products could get more expensive and why the manufacturing industry is worried these tariffs could lead to job losses.
CNN
04-06-2025
- Business
- CNN
50% tariffs on steel and aluminum imports are in effect. Here's what that could mean
US tariffs on steel and aluminum just doubled to 50%. CNN's Matt Egan breaks down what products could get more expensive and why the manufacturing industry is worried these tariffs could lead to job losses.
CNN
04-06-2025
- Business
- CNN
50% tariffs on steel and aluminum imports are in effect. Here's what that could mean
US tariffs on steel and aluminum just doubled to 50%. CNN's Matt Egan breaks down what products could get more expensive and why the manufacturing industry is worried these tariffs could lead to job losses.
CNN
11-03-2025
- Business
- CNN
Stocks plunge as investors say market is ‘sick and tired' of Trump's tariff chaos
US markets dropped again Tuesday after President Donald Trump doubled down on his threat to levy a new round of hefty tariffs on Canada. Trump said Tuesday in a social media post that he would add a 25% tariff on Canadian electricity and a 50% tariff on all steel and aluminum the US imports from its northern neighbor in retaliation for Ontario's export surcharge on US electricity. The Dow was 720 points, or 1.72%, lower in early afternoon trading. The broader S&P 500 fell 1.5% and the Nasdaq Composite fell 1.2% after fluctuating between gains and losses earlier. Wall Street's fear gauge, the Cboe Volatility Index, or VIX, climbed on Tuesday after an intraday surge of 19% on Monday. The index on Monday closed at its highest level since December. 'This market is just blatantly sick and tired of the back and forth on trade policy,' Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN's Matt Egan. 'It feels as though the administration continues to move the goal posts. With that much uncertainty, it's impossible for investors to have any confidence,' Hogan said. The selloff in the Dow and S&P 500 extends a widespread market rout that has rattled Wall Street and raised concerns about when the bleeding will stop. Trump has cautioned that tariffs could cause 'a little disturbance,' and Commerce Secretary Howard Lutnick said last week that 'the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes.' 'There's a tolerance for pain that maybe some investors hadn't priced in,' said Ross Mayfield, an investment strategist at Baird. The decline comes on the heels of a steep selloff on Monday that saw the Dow tumble 890 points and the S&P 500 shed 2.7%. The benchmark index closed down 8.6% from its record high in February, nearing correction territory. Trump in an interview with Fox News on Sunday declined to rule out the possibility of a recession, contributing to investor anxiety. Among the stocks dragging markets lower on Monday were airlines. Delta Airlines (DAL) slid more than 8% after the company on Monday slashed its earnings forecast for the year. American Airlines (AAL) fell 6.8% and United Airlines (UAL) fell 2.7%. Elsewhere, Ford (F), one of the most actively traded stocks Tuesday, slid more than 4%. 'Extreme fear' has been the sentiment driving investors for the past two weeks, according to CNN's Fear and Greed Index, stoked by the uncertainty caused by Trump's back-and-forth tariff announcements. European stocks slumped as the anxiety around Trump's tariffs spread to global markets. The pan-European STOXX Europe 600 index was down 1.5% by 12:15 p.m. ET. Germany's DAX and France's CAC indexes were 1% and 1.5% lower on the day respectively, while London's FTSE 100 was down 1.3%. This is a developing story and will be updated. CNN's Matt Egan contributed reporting.
