U.S. stocks are rising as a worldwide rally comes back around to Wall Street. The S&P 500 jumped 2.2% Wednesday after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. The Dow Jones Industrial Average added 591 points, and the Nasdaq composite climbed 3.2%. Treasury yields also eased in the U.S. bond market after Trump said he has no intention to fire the Fed's chair and that his tariffs could come down on China imports. Stocks also rallied across much of Europe and Asia.
A planned meeting between top U.S., British, French and Ukrainian diplomats to push forward a peace deal between Russia and Ukraine has been scrapped at the last minute. At the same time, U.S. Vice President JD Vance said Wednesday negotiations are reaching a moment of truth. Vance told reporters during a visit to Agra, India that the U.S. has issued “a very explicit proposal” to the Russians and the Ukrainians. He said "it’s time for them to either say yes or for the United States to walk away from this process.” He said the proposal would freeze territorial lines at some level close to where they currently stand, with both sides having to give up some territory they currently hold. He did not provide further details of the proposal.
A fast-moving wildfire engulfing part of New Jersey’s Pine Barrens has not resulted in any injuries, officials said, though it’s expected to continue to grow before forecast rain later this week. At a news conference Wednesday officials said the fire in southern New Jersey could continue to burn for days. It is currently burning about 18 square miles and is about 30% contained. About 5,000 residents were evacuated but have been permitted to return home. Forest fires are common in this area of New Jersey, known as the Pine Barrens. The region is in its peak forest fire season.
The body of Pope Francis was moved Wednesday morning to St. Peter’s Basilica for three days of public mourning for an Argentine pontiff remembered for his humble style, concern for the poor and insistent prayers for peace. The public viewing is largely for ordinary Catholics to grieve the 88-year-old pope, who died Monday after suffering a stroke. The basilica will be kept open until midnight on Wednesday and Thursday to allow the faithful to mourn. The public mourning period will end on Friday at 7 p.m. local time.
Chris Stigall sits down with Karoline Leavitt to talk about her experience as President Trump's White House Press Secretary. See more on Salem News Channel.
President Trump is working on striking trade deals across the globe. Meanwhile there are constant conflicting reports on lowering tariffs on China or escalating tariffs on China. Renowned economist Stephen Moore joins the show to breakdown the latest in Trump's tariff policy.
India has the full support of the United States, President Donald Trump said on Tuesday after suspected militants opened fire on tourists in India’s Jammu and Kashmir territory. See more on Salem News Channel.
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