Wednesday, April 2, 2025

Week 14: April 1, 2025 -- April 7, 2025

Locator: 48413TOPSTORY.

President Trump has been in office for only 75 days (or thereabouts)

IN PROGRESS.

Top story: Trump announces tariffs on countries around the world, and calls it Liberation Day. US equity markets plunge. WTI plunges. WTI drops closes below $62 for the week. Stunning! Almost $10 / bbl lost this week. A reminder: President Trump promised lower oil prices during his campaign.

Background:

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Top Stories

Geoff Simon's quick connects.

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The First 100 Days
January 20, 2025 - April 30, 2025

Elevnth Week Of President Trump's Presidency

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The Top Stories

Most important story of the week

  • GDPNow estimates 1Q25 GDP to be down 3.7%. 
  • US equity market in the dumps; NASDAQ now down 10% off its highs. 

Top stories of the week:

  • Hegseth has survived the "security breach" fiasco; living on "borrowed time."
  • National  Security Advisor, Michael Waltz: ditto.
  • NSA director (four-star general Timothy Haugh) fired; the real guy in charge, his civilian deputy also reassigned.
Top international non-energy story:
  • US Navy keeps pounding Yemen; non-stop
    • using sophisticated bunker busters; designed for Iranian facilities

Top international energy story:

  • WTI slumps 5% after tariffs announced; back to $68.

Top national non-energy stories:

  • LDCs

Top national energy story:


Focus on fracking: current link here. Generally updated late Sunday night.

Top North Dakota non-energy story:


Top North Dakota energy story:

 

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