WSJ What’s News U.S. Stocks Fall as Trump Renews Trade Tensions
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Jul 7, 2025 President Trump intensifies trade tensions by extending tariff deadlines on Japan and South Korea, impacting stock markets. In Texas, flash floods tragically claim 90 lives, complicating rescue efforts. The podcast discusses a Saudi investment in a New York skyscraper, showcasing international financial interactions. Meanwhile, Trump's meeting with Netanyahu hints at potential diplomatic shifts in the Middle East. The discussion also touches on rising industry trends, including Michelob Ultra's unexpected growth amid escalating regional tensions.
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Trump's Tariffs Impact Stocks
- President Trump's tariff announcements reignited trade tensions, causing U.S. stock markets to fall.
- The S&P 500, Dow, and Nasdaq all dropped around 0.8-0.9% in response.
New York Real Estate Revival
- New York City's real estate market has rebounded strongly post-pandemic across residential, tourism, and office sectors.
- Financial services are driving office demand as workers return to offices.
Trump's Bold Middle East Dealmaking Push with Netanyahu
President Trump is seizing a critical moment in the Middle East to push for diplomatic breakthroughs, especially normalization between Israel and Saudi Arabia.
The meeting with Israeli Prime Minister Netanyahu focuses on:
- Seeking a ceasefire in Gaza as a foundation for peace
- Overcoming Israeli skepticism of diplomacy with Iran
- Addressing Palestinian political aspirations as a precondition for Saudi normalization
Trump aims for substantial regional transformation beyond temporary ceasefires, hoping for building blocks toward lasting settlements and new alliances, as highlighted by national security correspondent Michael Gordon.