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Wall St Futures Slip as Geopolitical Uncertainty and Mixed Earnings Weigh on Sentiment

Wall Street futures slipped early Thursday as investors grew cautious in the absence of clear signals on the U.S.–Iran war, while a wave of mixed earnings added to the uncertainty. Iran’s seizure of two ships in the Strait of Hormuz and its demand that the U.S. lift its naval blockade have heightened geopolitical tensions, even after President Donald Trump extended the ceasefire indefinitely. The standoff continues to keep oil prices above $100 per barrel , raising concerns about a potential inflation flare‑up.  Economists warn that even if the conflict eases, the global economy may take time to normalize after one of the largest oil supply disruptions in decades.  As of early morning trading, Dow E‑minis were down 0.73%, S&P 500 E‑minis slipped 0.50%, and Nasdaq 100 E‑minis fell 0.48% , reflecting a broader pullback in risk appetite.  Earnings added another layer of volatility. Tesla shares fell after the company boosted its annual spending plan to more than $25...

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Diplomacy or Defiance? Bob Rae’s Fox News Tariff Critique Sparks Conservative Outrage

 


In a recent Fox News interview, Canada's Ambassador to the United Nations, Bob Rae, delivered a sharp critique of President Donald Trump’s use of tariffs. Rae argued that leveraging tariffs as a political tool is not only irresponsible but could also destabilize international trade relationships. His comments, which have been labeled “outrageous” by U.S. conservatives, have ignited a fierce debate over the appropriate role of tariffs in economic policy.

Rae’s criticism centered on the notion that tariffs should not be employed as a bargaining chip in political maneuvering. Instead, he emphasized that economic measures must focus on long-term stability and fairness in global trade, rather than serving short-term political interests. This stance has struck a nerve among conservative commentators in the United States, who view his remarks as undermining the legitimacy of current trade policies and bolstering critics of President Trump’s approach.

The fallout from the interview reflects deep partisan divisions regarding trade policy. While Rae’s supporters applaud his call for a more principled and strategic approach to tariffs, detractors argue that his criticism could weaken the U.S. negotiating position on the global stage. As debates over economic strategy continue to simmer, this controversy underscores the challenges inherent in balancing political objectives with sound economic policy.


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