U.S. stocks took a sharp tumble on Monday morning as market losses around the world deepened. The downturn followed President Trump’s weekend remarks indicating that his administration’s controversial “reciprocal” tariffs aren’t likely to be lifted in the near future.
The Dow Jones Industrial Average dropped by 1,323 points, a fall of 3.3%, building on last week’s dramatic two-day slide of nearly 4,000 points.
The S&P 500 shed 3.5%, slipping into bear market territory, while the Nasdaq 100 also took a hit, falling 3.8%.
“The uncertainty of trading partner retaliation is still weighing on the markets,” Richard Saperstein, chief investment officer at Treasury Partners, wrote in a client note.

TEHILLIM: The condition of HaGaon HaRav Yehudah Ades, the Rosh Yeshivah of Kol Yaakov and member of the Moetzes Gedolei HaTorah, has deteriorated. The Rosh Yeshivah, 87, was transferred to the ICU in critical condition. The Rosh Yeshivah was rushed last week to Hadassah Ein Kerem Hospital after falling ill with pneumonia. Please say Tehillim for Yehudah ben Chaya Esther

BITTERSWEET: Yaakov Shwekey and Dovy Meisels singing moving Negunim at the Saada home on Sunday night, as they prepare to get up from Shiva on Monday.

FOX NEWS: “Rates are plummeting, oil prices are plummeting, deregulation is happening… Trump is not going to bend. He told me a number of times that he’s trying to build the economy and make it independent, as opposed to relying on China.”

FLATBUSH: Homeland Security agents were seen arresting a suspect this morning at the Avenue T and Coney Island Avenue. The suspect is reportedly an illegal immigrant accused of committing a crime.

China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies, including Tesla, to “take concrete actions” to resolve the issue. Putting “America First” over international rules harms the stability of global production and the supply chain and seriously impacts the world’s economic recovery, Ministry of Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of “Liberation Day,” on top of two rounds of 10% tariffs already declared in February and March, which Trump said were due to Beijing’s role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on U.S.

A new poll suggests Rep. Alexandria Ocasio-Cortez holds a strong early lead over Sen. Chuck Schumer in a potential 2028 Democratic primary matchup in New York, with results showing her ahead by a wide margin.
The survey, commissioned by the progressive research group Data for Progress and shared exclusively with POLITICO, found that 55 percent of likely Democratic voters either support or are inclined to support Ocasio-Cortez, while 36 percent expressed support or leanings toward Schumer. Another 9 percent said they remain undecided.

by Rabbi Yair Hoffman In February 2013, the papers and library of Chaim Grade, a once ben bayis by the Chazon Ish zt”l, comprising twenty thousand volumes, were jointly acquired by the National Library of Israel and YIVO Institu