
Business Today
Markets Drop 785 Points as Iran War, Tariffs, and Oil Prices Collide
The Dow's sharpest single-day decline since April 2025 signals that Wall Street can no longer price geopolitical risk as a temporary disruption.
Morgan Wells·

The Dow's sharpest single-day decline since April 2025 signals that Wall Street can no longer price geopolitical risk as a temporary disruption.

A 6-3 ruling invalidated IEEPA tariffs, but Trump invoked a 1974 trade law within hours. The legal and economic battle is just starting.

Despite Trump's aggressive tariff campaign, China just posted a record trade surplus. The numbers reveal a strategic pivot that's reshaping global trade.