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- THE YAP – MARCH 12, 2025
THE YAP – MARCH 10, 2025
Straight Facts. No Bias. No Noise. Just News.
IN THIS ISSUE:
💰🗞 IN THIS ISSUE:
📉 Americans unhappy with Trump’s economy – 56% disapprove, per new CNN poll.
💰 Trump slaps a 25% tariff on steel & aluminum – Trade tensions hit new highs.
📊 Markets slide as investors brace for inflation data – S&P 500 down 5.3% YTD.
🚀 Salesforce bets big on AI – Investing $1B in Singapore’s tech boom.
🏛️ Congress blocks challenges to Trump’s tariffs & immigration policies – House votes to limit oversight.
🎭 Rosie O’Donnell moves to Ireland – Says Trump's re-election sealed the deal.
🔥 THE HOT TAKE
Between tariffs, inflation fears, and a shaky stock market, the economy feels like it's teetering on a tightrope. Meanwhile, Bitcoin's up, stocks are down, and Rosie O’Donnell is outta here.
📉 Economy & Markets
📌 Americans Unhappy With Trump’s Handling of the Economy
56% of Americans disapprove of Trump’s economic policies, per a new CNN poll.
Inflation is still top of mind, and the tariff war isn’t helping consumer sentiment.
Why It Matters: If the economy keeps trending downward, it could impact Trump’s re-election chances.
📌 Trump Imposes 25% Tariff on Steel & Aluminum
The new tariff kicks in today, escalating trade tensions with Canada, Mexico & China.
Trump refused to rule out a recession, calling it a "period of transition."
Why It Matters: More tariffs = higher prices on cars, appliances, and construction materials.
📌 Stock Market Slides as Inflation Data Looms
The S&P 500 is down 5.3% so far this year, with investors nervous about today’s inflation report.
The Dow fell 1.14%, the S&P 500 lost 0.76%, and the Nasdaq dipped 0.18% Tuesday.
Why It Matters: If inflation stays high, the Fed might delay rate cuts, keeping borrowing costs high.
💰 Business & Investing
📌 Salesforce Drops $1B in Singapore for AI Expansion
Salesforce is going all in on AI & digital transformation, pumping $1B into Singapore over five years.
Why It Matters: AI is where the money is going—expect more tech giants to follow.
📌 Alibaba’s New AI Model Challenges the Competition
The Chinese tech giant says its new AI system can rival top reasoning frameworks.
Why It Matters: AI keeps evolving, and China wants a bigger slice of the global AI race.
📌 Bitcoin Surges After Congress Overturns IRS DeFi Rule
The U.S. House reversed a controversial tax rule targeting crypto, sending Bitcoin from $62,450 to $64,800 in one hour.
Why It Matters: A major win for the crypto industry—expect more investor confidence in DeFi.
🌍 Politics & Trade
📌 Congress Votes to Block Challenges to Trump’s Policies
The House narrowly voted to prevent Congress from quickly challenging Trump’s tariffs & immigration moves.
Why It Matters: Trump just got even more power over trade & border policies.
📌 Australia Won’t Retaliate Against U.S. Tariffs
Despite Trump denying exemptions for Australian steel & aluminum, PM Anthony Albanese says no counter-tariffs are coming.
Why It Matters: Not all U.S. trade partners are willing to fight back—yet.
📌 Canada’s Liberal Party Names New Leader Tonight
Justin Trudeau’s successor will be announced today, marking a major shift in Canada’s political future.
Why It Matters: Could impact U.S.-Canada relations and the ongoing tariff fight.
🎭 Entertainment & Culture
📌 Rosie O’Donnell Moves to Ireland After Trump’s Re-Election
The comedian confirmed she’s relocating with her 12-year-old son, following Ellen DeGeneres, who moved to Australia.
Why It Matters: Some celebs actually follow through on their “I’m leaving if [X] gets elected” threats.
🎭 TheYap Take: Markets are shaky, tariffs are biting, and crypto is mooning. Even celebrities are relocating. If 2025 keeps this energy up, it’s gonna be a wild year.
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🔥 Straight Facts. No Noise. Just News.