đŸ”” TRUMP PAUSES TARIFFS

Author

Citizen Frank
April 09, 2025

Good evening. It’s Wednesday, April 9.

 

The stock market mounted one of its biggest rallies in history after President Donald Trump announced a pause in some of his “reciprocal” tariffs on the globe, causing a market that has been under extreme pressure for the past week to explode higher.

The S&P 500 skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008. For the broad market index, it was the third-biggest gain in post-WWII history. The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87%, to close at 40,608.45 for its biggest percentage advance since March 2020. The Nasdaq Composite jumped 12.16% to end at 17,124.97, notching its largest one-day jump since January 2001 and second-best day ever.

About 30 billion shares traded hands, making it the heaviest volume day on Wall Street in history, according to records that go back 18 years.

The House fell into uncertain territory Wednesday evening after House Speaker Mike Johnson (R-La.) pulled a scheduled vote on a key budget measure in the face of intractable right-wing opposition.

It is not clear what Johnson’s next steps are, with the speaker conceding to reporters that a Thursday vote is not assured.

The GOP speaker said he doesn’t have “any intention to have us working here this weekend,” but added, “If we have to come back next week, then we’ll do that.”

The House of Representatives passed a bill Wednesday to limit federal district judges’ ability to affect Trump administration policies on a national scale.

The No Rogue Rulings Act, led by Rep. Darrell Issa, R-Calif., passed the House and limits district courts’ power to issue U.S.-wide injunctions, instead forcing them to focus their scope on the parties directly affected in most cases.

All but one Republican lawmaker voted for the bill, which passed 219 to 213. No Democrats voted in favor.

President Trump on Wednesday ordered the Justice Department to launch investigations of “Anonymous” author Miles Taylor for leaking during his first term and into former cybersecurity official Christopher Krebs for attesting to the legitimacy of the 2020 election.

“I think he’s guilty of treason, if you want to know the truth, but we’ll find out 
 terrible guy,” Trump said of Taylor, the former chief of staff of the Department of Homeland Security, as he signed presidential memoranda in the Oval Office to launch the DOJ reviews.

Taylor in 2018 stoked massive public interest with a New York Times op-ed in which he purported to be “a senior official in the Trump administration” and wrote he was “working diligently from within to frustrate parts of [Trump’s] agenda and his worst inclinations.”

FBI Director Kash Patel was removed as the acting director of the Bureau of Alcohol, Tobacco, Firearms, and Explosives and is being replaced by U.S. Army Secretary Daniel Driscoll.

Driscoll will continue to serve as Army secretary while he oversees the ATF, which is part of the Justice Department.

Patel also had an unusual setup, serving as both FBI director and acting ATF director. He was sworn in as ATF’s acting director earlier this year after he was confirmed as FBI director. Patel has been largely absent from the ATF, having only shown up at its headquarters once, according to the Washington Post.

Lawyers representing Tulsi Gabbard are threatening to sue CNN for defamation if the network publishes a story accusing the Director of National Intelligence of voter fraud, according to a legal cease and desist letter obtained by The Daily Wire.

In the letter, dated April 4, lawyers representing Gabbard state that they learned a day earlier that CNN “plans to publish a story that falsely asserts or implies that Tulsi Gabbard committed voter fraud and suggests that she had abandoned her longstanding Hawaii residency.”

The story, according to the letter, is based on Gabbard’s 2024 purchase of a Texas house — CNN apparently planned to write that Gabbard improperly voted in Hawaii in 2024 when she should have voted in Texas, because she declared a “homestead exemption” at that property. The lawyers, the letter shows, inform CNN that Texas law does not indefinitely bind homestead to your residence, and that Gabbard “was, is, and intends to remain a Hawaii resident.”

Mike Huckabee, President Donald Trump’s nominee for U.S. ambassador to Israel, has been confirmed to the position by the United States Senate.

The Senate voted 53 to 46 on Tuesday to advance Huckabee’s nomination. He was confirmed Wednesday by a 53-46 vote and will now represent the U.S. as Israel continues its war against Hamas in the Gaza Strip. Sen. John Fetterman, D-Penn., an outspoken pro-Israel lawmaker, was the only Democrat to support Huckabee’s confirmation.

While Republicans have championed Huckabee as an ardent supporter of Israel, Democrats have questioned his previous “extreme” position on Palestinians.

Megyn Kelly has claimed Kristi Noem is an ’embarrassment’ who needs to stop her ‘ridiculous photo ops’ while working as Secretary of Homeland Security.

Noem, the former governor of South Dakota, attracted attention early on in Donald Trump’s second term for spending time in the field with ICE agents as they looked to solve the crisis at the border.

The DHS Secretary has been dubbed ‘ICE Barbie’ by both fans and critics for her appearance with agents.

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