Speaker 1: Sixty seven degrees in Boston. It is four o'clock on
Speaker 1: Friday afternoon. Good to be with you as we try
Speaker 1: to get into the weekend. Here I'm Nicole Davis, and
Speaker 1: here's what's happening. It is closing time on Wall Street.
Speaker 1: A bit of mercy, thankfully for markets that have been
Speaker 1: struggling for two days now, all thanks to the tariff
Speaker 1: announcement and much more. Let's get the rundown from Tracy Jonkie.
Speaker 1: She's over Bloomberg Business. Tracy, how did everything shake out today?
Speaker 2: Not well, Nicole. The Dow dropped two thousand and two
Speaker 2: thirty one, the Nasdaq down nine hundred and sixty three,
Speaker 2: SMBs down three twenty two. The numbers are still settling,
Speaker 2: but this is pretty close to what will get in
Speaker 2: the end. Only two days have been worse for the
Speaker 2: Dow in its history as far as the point losses go.
Speaker 2: Both days were five years ago, right at the beginning
Speaker 2: of the COVID pandemic, shutdowns and mass layoffs. And here
Speaker 2: come the bears. The Nasdaq is now officially in a
Speaker 2: bear market, which means it has tumbled more than twenty
Speaker 2: percent since its most recent record.
Speaker 1: Hi, Nicole, all right, Tracy. As those numbers shake out,
Speaker 1: We'll come right back to you at four oh eight
Speaker 1: in Bloomberg Business for more information. But yes, a rough
Speaker 1: day on the markets. We will keep an eye on
Speaker 1: that throughout the next couple of weeks here on WBZ.
Speaker 1: See if things can turn around. I mean Tom at
Speaker 1: four Old one. Developing news this afternoon, a federal judge
Speaker 1: has moved the case of a Tough's University doctoral student
Speaker 1: from Louisiana to Vermont. Whe wbz's Brook Macarthy.
Speaker 3: O Mesa oz Turk was detained by immigration authorities while
Speaker 3: walking down the street in Somerville last week. Videos of
Speaker 3: this sparking outrage, following that she was brought to New
Speaker 3: Hampshire than Vermont, in finally Louisiana, where she is being
Speaker 3: held at an immigration facility. Now, a federal judge in
Speaker 3: Boston has ordered that her case be moved from Louisiana
Speaker 3: to Vermont because that is where she was being held
Speaker 3: at the time her lawyers filed the petition seeking her release. However,
Speaker 3: oz Turk's lawyers argued that her case should be handled
Speaker 3: in Massachuse, while government attorneys disagreed. The judge says Osturch's
Speaker 3: subsequent hearings will take place in Vermont in an order
Speaker 3: still stands preventing the government from deporting her Burke McCarthy WBZ,
Speaker 3: Boston's news radio.
Speaker 1: Attorney General Andrea Campbell now suing the Trump administration over
Speaker 1: its efforts to dismantle agencies funding public libraries and museums.
Speaker 1: The Institute of Museum and Library Services had to place
Speaker 1: nearly its entire staff on leave after one of President
Speaker 1: Trump's most recent executive orders. Other targeted agencies provide support
Speaker 1: for minority owned businesses. Campbell and other attorneys general around
Speaker 1: the country are asking a court to block the actions
Speaker 1: and TikTok will continue to operate in the United States.
Speaker 1: President Trump today says he is giving it another extension.
Speaker 4: President Trump is signed in executive order to give TikTok
Speaker 4: another seventy five days to operate in the US. In
Speaker 4: a post on truth Social the President said there has
Speaker 4: been progress in negotiating a deal with the social media platform,
Speaker 4: but more time is needed to finalize it. Citing national
Speaker 4: security concerns. Congress and mandated TikTok be divested from Chinese
Speaker 4: ownership by January nineteenth, or it would have been barred
Speaker 4: in the US, but since then it has been operating
Speaker 4: on a presidential extension which was to have run out
Speaker 4: this weekend.
Speaker 1: And that is CBS's Linda Kenyon with that update. For
Speaker 1: the rest of the afternoon into the evening, it should
Speaker 1: be absolutely gorgeous outside. We are seeing a lovely spring
Speaker 1: day today and for tonight if you've got plans, no
Speaker 1: concerns here. It's going to be partly cloudy, getting down
Speaker 1: to about forty, but through the overnight hours we'll start
Speaker 1: to notice it turning a bit cooler and more clouds
Speaker 1: moving in. Because tomorrow for your start to the weekend,
Speaker 1: it's going to be gray and raw and wet. We've
Speaker 1: got rain and drizzle at times, and high only in
Speaker 1: the mid forties. Rain sticks around Tomorrow night, a low
Speaker 1: in the upper thirties, again very raw, and then Sunday
Speaker 1: mostly cloudy, a few showers stick around, and high in
Speaker 1: the mid to upper fifties. Our times right now sixty
Speaker 1: eight in Franklin, seeing sixty seven in Westford, sixty four
Speaker 1: in Rockport, and in Boston at four oh six partly
Speaker 1: cloudy and sixty nine. Home opener underway right now at
Speaker 1: Fenway Park, Saint Louis Cardinals here at Fenway taking on
Speaker 1: the Red Sox. What a great day for baseball. W
Speaker 1: bz's Drew mo'holland has more on why opening Day so special.
Speaker 5: What a day this is today, the team honoring the
Speaker 5: nineteen seventy five American League champions who fell just short
Speaker 5: in what's considered by many one of the greatest World
Speaker 5: Series ever played. First the reds Here you go, kids,
Speaker 5: the late great Louis Tiant being honored today. Such a
Speaker 5: big part of that team.
Speaker 4: Goodness.
Speaker 6: Thank In the fourth game of this World Series, as
Speaker 6: Louis Tian is mob by his teammates, dwain Tonight ensures
Speaker 6: that it will go back to Fenway Park.
Speaker 5: And did it ever the long five?
Speaker 1: If it stays fair, hold on, we will have a
Speaker 1: seventh game and it's nineteen seventy.
Speaker 4: Five World Series.
Speaker 5: The game six win, Carlton fisk Off. The foul pole
Speaker 5: still gives you chills, doesn't it. Nobody does these things
Speaker 5: better than the Red Sox. A great day at Fenway Park,
Speaker 5: Drew moholland, WBZ Boston's News Radio.
Speaker 1: Bottom of the six right now, Red Sox up over
Speaker 1: Saint Louis eight to five will check him with Brian
Speaker 1: Antonelli coming up in sports in the news at four twelve. Meantime,
Speaker 1: when it comes to education, the state's congressional delegation and
Speaker 1: Governor Mori Healy teaming up in a new letter to
Speaker 1: the Trump administration, saying the clawback of millions in education
Speaker 1: funding for public schools is quote harmful and incredibly frustrating
Speaker 1: to local students, families, educators, and district leaders. In a
Speaker 1: new letter, they say the about face on the funding
Speaker 1: is quote an insult to the hardworking educator's, school staff,
Speaker 1: and public officials around the state dedicated to providing students
Speaker 1: the best possible opportunity. This comes days after the Education
Speaker 1: Department rolled back more than one hundred million dollars in
Speaker 1: COVID RELYEF funds for base state schools. These days, it
Speaker 1: is hard to imagine a world without Microsoft, But it
Speaker 1: was fifty years ago today when it was just an
Speaker 1: idea first coming to life.
Speaker 6: High school buddies Bill Gates and Paul Allen called their
Speaker 6: company Microsoft, short for micro computer Software. They went on
Speaker 6: to develop the ms DOS operating system for IBMPC compatible
Speaker 6: personal computers. Then came Windows, a game changer that turned
Speaker 6: Gates into one of the richest people in the world.
Speaker 6: Their goal from the beginning was to put a computer
Speaker 6: on every desk and in every home. They did that
Speaker 6: and much more. Christopher Cruz, CBS News four.
Speaker 1: Eight Time for Bloomberg Business. All right, the numbers are in.
Speaker 1: We're done for the week, Tracy Jonky at Bloomberg Business.
Speaker 1: And my goodness, I'm not going to look at my
Speaker 1: four to one k for a while.
Speaker 4: Yeah.
Speaker 2: Maybe I don't know. Cover your ears or take a
Speaker 2: deep breath, la la, but I'm going to tell you.
Speaker 2: I'm going to tell you anyway. Oh, that is down
Speaker 2: for the day, two thousand, two hundred and thirty one points.
Speaker 4: That hurts.
Speaker 2: The Nasdaq is down nine sixty three, the SMP down
Speaker 2: three twenty two. Wall Street could just see thousands of
Speaker 2: ways that Trump tariffs could backfire on US companies and
Speaker 2: the economy, and they saw very few escape routes. Out
Speaker 2: of the five hundred companies that make up the S
Speaker 2: and P five hundred, only fourteen ended higher. Nike, for
Speaker 2: one rallied after President Trump said he had a productive
Speaker 2: called with Vietnam, which faces some of the highest tariffs
Speaker 2: and it manufactures half of Nike's product lines. I'm Tracy
Speaker 2: john Kie Bloomberg Business.
Speaker 1: You are now in Malu. For news updates throughout the day,
Speaker 1: and listen to w b Z News Radio on the
Speaker 1: iHeartRadio app. I'm Nicole Davis. Wb Z and Boston's News
Speaker 1: Radio