Friday, April 4th, 2025 - Tariff updates; Trump targets schools; Dr. Oz confirmed; Eric Adams goes Indie & more

Today’s Headlines: The economic fallout from Trump’s sweeping tariff announcement sent markets crashing—Nasdaq fell 6%, S&P 500 4.8%, erasing $2 trillion in value. The dollar also dropped, and automaker Stellantis announced major layoffs. Global leaders condemned the tariffs, and France and Germany urged companies to pause U.S. investments. In response, bipartisan senators introduced a bill to limit the president’s unilateral tariff powers. Meanwhile, Trump fired several National Security Council members reportedly at the urging of far-right activist Laura Loomer. The Pentagon’s IG opened an investigation into National Security Advisor Pete Hegseth’s role in the Signal group chat scandal. The administration also banned U.S. personnel in China from relationships with Chinese citizens and is requiring public schools to certify they’ve eliminated DEI practices to keep federal funding. Brown University may lose over $500 million in grants amid unconfirmed reports of federal retaliation. Dr. Oz was confirmed to lead Medicare and Medicaid, overseeing a $2.6 trillion budget. And NYC Mayor Eric Adams announced he’s dropping out of the Democratic primary—and running as an independent. Resources/Articles mentioned in this episode: Bloomberg: Germany and France Push for More Aggressive Tariff Response Reuters: US senators seek to rein in Trump tariff authority Axios: Scoop: Multiple firings on Trump's National Security Council after Loomer visit CNN: Pentagon watchdog launches probe of Hegseth Signal messages AP News: US bans government personnel in China from romantic or sexual relations with Chinese citizens AP News: K-12 schools must sign certification against DEI to receive federal money, administration says AP News: Brown University to see half a billion in federal funding halted by Trump administration CBS News: Dr. Oz confirmed to head agency that oversees Medicare and Medicaid NY Times: Eric Adams Will Run for NYC Mayor as an Independent Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices