May 9, 2025:
1. Angry tirade against Powell - Trump told reporters that if the U.S. Federal Reserve were willing to cut interest rates, it would have a "jet fuel-like" boost to the U.S. economy, but Fed Chair Powell's refusal to cut rates might be because "he doesn't love me." Trump previously referred to Powell as "Mr. Too Late" and called him a fool.
2. Trade agreement with the U.K. - Trump announced the trade agreement reached with the U.K., stating, "This agreement includes billions of dollars in market access for U.S. exports, especially in agriculture, significantly increasing market access for U.S. beef, ethanol, and almost all products produced by our great farmers."
3. You'd better buy stocks now - The U.S. and the U.K. reached a new trade agreement, partially lifting tariffs on certain goods. Trump stated that if the trade agreement and tax cuts are realized, "you'd better buy stocks now."
4. Seeking tax increases for the wealthy - Sources say Trump's proposal calls for a new tax bracket of 39.6% for individuals with an annual income of no less than $2.5 million or couples with an income of $5 million. If approved by Congress, it would bring the top tax rate back to the level before Trump's 2017 tax cuts.
5. Calls for an unconditional ceasefire for 30 days between Russia and Ukraine - Trump called on Russia and Ukraine on Thursday for an unconditional ceasefire for 30 days and warned that if the ceasefire is not observed, the U.S. and partner countries will implement further sanctions.
6. Looking forward to meeting the new pope - U.S. President Trump: Congratulations to Cardinal Robert Francis Prevost on being appointed pope. He is the first American pope, which is the highest honor for our country. Looking forward to meeting Pope Leo XIV.
7. Private meeting with Netanyahu's advisor - According to two sources, Trump met yesterday with Israeli Prime Minister Netanyahu's confidant, Israeli Minister of Strategic Affairs Ron Dermer, to discuss nuclear negotiations with Iran and the Gaza conflict.
