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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...

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Trump’s Contentious Q&A with Black Journalists Sparks Outrage on Social Media

 

Former President Donald Trump found himself at the center of a heated controversy following a contentious Q&A session at the National Association of Black Journalists (NABJ) convention in 2024. The event, intended to foster dialogue between Trump and Black journalists, quickly devolved into a tense exchange that left many attendees and viewers outraged.

The session began with Trump addressing the crowd, but it soon turned confrontational as reporters pressed him on various issues. One of the most contentious moments arose when Trump was questioned about his past comments on Vice President Kamala Harris's racial identity. His responses, seen by many as dismissive and offensive, only fueled the tension in the room.

Reporters also challenged Trump on his stance on immigration and job creation, particularly in Black communities. His responses were perceived as evasive and insensitive, further aggravating the situation. The atmosphere grew increasingly charged, with voices raised and tempers flaring.

Social media platforms quickly became a hotbed of reactions, with many users expressing their anger and frustration over Trump's handling of the questions. Hashtags related to the event trended as people shared clips and comments from the session. Critics accused Trump of being out of touch and disrespectful, while his supporters defended his performance, arguing that he was being unfairly targeted.

Prominent figures in journalism and politics weighed in on the incident. Some praised the journalists for holding Trump accountable, while others lamented the lack of productive dialogue. The incident has sparked a broader conversation about race, media, and political discourse in the current climate.

As the dust settles, the fallout from Trump's Q&A disaster at the NABJ convention is likely to continue, serving as a stark reminder of the deep divisions and heightened emotions that characterize the current political landscape.

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