U.S. stock market shows signs of a difficult day ahead. A deadline looms to return a mistakenly deported man to the U.S from El Salvador. And the onetime actor known for playing Dennis in “Dennis the Menace” has died.
Here’s what to know today.
U.S. stock futures fall as global turmoil continues after Trump tariff shock
The U.S. stock futures show signs of a rough day after stock futures plunged Sunday evening, following a two-day free-fall last week with $6.6 trillion in value wiped out as fears surround President Donald Trump’s sweeping tariffs mount.
As of early Monday morning, S&P 500 futures had fallen around 3.6%, Nasdaq futures fell about 4.5% and Dow Jones Industrial Average futures declined more than 1,000 points. Futures for the Russell 2000, which tracks the stocks of smaller companies, were off around 4.4%. Futures markets are an implied measure for how stocks will act when the markets open, generally around 9:30 a.m. ET on weekdays.
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In Asia, markets opened Monday morning to a bloodbath. Hong Kong led losses in the region, with the Hang Seng Index plunging 11%. Japan’s Nikkei 225 index lost more than 7% in value.
The price of bitcoin, which had shown signs Friday of having resisted the wider market downturn, fell as much as 5.6%. And the main U.S. benchmark for crude oil fell to just under $60 per barrel on Sunday, its lowest level since April 2021.
Trump signaled little intention to back off his tariff proposal, calling on Americans to “hang tough” in a Truth Social post on Saturday. Yesterday evening, aboard Air Force One, Trump told reporters that it was sometimes necessary to “take medicine,” in response to a question about the market plunge, and said no deal would come with China unless the U.S.’s trade deficit with the country was addressed. China said it would impose a 34% tariff on all goods imported from the U.S. beginning Thursday.
While Trump’s Cabinet has been aligned behind him, the overwhelming consensus among economists and business executives has been that the tariffs are a mistake. One surprising source of criticism was Elon Musk.
More politics news:
- Two prominent Democrats will host a “shadow” hearing today to spotlight what they describe as Trump’s attacks on the rule of law.
- In an interview with NBC News’ “Meet the Press,” Treasury Secretary Scott Bessent insisted people close to retirement are not looking at “day-to-day fluctuations.”
Deadline looms for the return of mistakenly deported man to U.S.
A federal judge yesterday rejected the Trump administration’s attempt to push back a deadline to bring back to the U.S. a Maryland man who was mistakenly deported to a high-security prison in El Salvador. The government has until 11:59 p.m. tonight to return Kilmar Abrego Garcia, though it’s not clear whether the administration will make the deadline.
Abrego Garcia, 29, is a green card holder who has lived in the U.S. since 2011. After a 2019 arrest, in which he was accused of being an MS-13 member, Abrego Garcia was granted a request for an order that would prevent his deportation to El Salvador, with an immigration judge fearing his return might result in torture or death.
Last week, the Trump administration called the deportation an “administrative error” but claimed they have no power to return Abrego Garcia because he is in Salvadoran custody, an argument that U.S. District Judge Paula Xinis refuted.
The case also caused a stir in the Justice Department. DOJ attorney Erez Reuveni was placed on leave after struggling at a Friday hearing to explain Abrego Garcia’s deportation. Read the full story here.
More immigration news:
- Visas for at last three dozen students and recent alumni at California universities have been revoked, with Stanford being the latest school to announce changes to some students and alumni’s statuses.
‘Dennis the Menace’ actor Jay North dies at 73
Actor Jay North, in character as Dennis the Menace, shows his ever-present slingshot to show co-star Gale Gordon, on set in Hollywood, March 29, 1962.David F. Smith / AP file
Jay North, the onetime actor known for defining the image of a postwar American child as a trouble magnet on TV’s “Dennis the Menace,” has died at the age of 73. North died peacefully at his home in Florida after a yearslong battle with cancer, said Laurie Jacobson, a longtime friend and fellow actor on the original television show.
North was 6 years old in 1959 when he started playing the main character, Dennis, on “Dennis the Menace.” In a 2017 interview with The Washington Times, North said the lack of acting work after “Dennis the Menace” ended its run inspired him to join the military and then work in the health food industry before he became a corrections officer in Florida. North “had a difficult journey in Hollywood and after,” Jacobson said in a Facebook post announcing his death. “But he did not let it define his life.” Read the full story here.
Ovechkin’s teammates are not surprised he made NHL history
Washington Capitals forward Alexander Ovechkin scored his 895th goal during a game yesterday against the New York Islanders, breaking the NHL record for goals scored, set more than 25 years ago by Wayne Gretzky. The match was immediately paused for a ceremony, during which Ovechkin thanked his teammates for his accomplishment.
Those teammates, both past and present, knew Ovechkin had it in him to break a record that many people saw as an impossible target. Jeff Halpern, a center during Ovechkin’s rookie year in the league, said his teammate was “a missile” whose physicality made him one of the best NHL players that season. Capitals defenseman John Carlson, who has played for 16 years alongside Ovechkin, described him as an “animal” who is “probably underrated in just how smart of a player he is.” And one common theme among former and current teammates who spoke to NBC News sports editor Greg Rosenstein is Ovechkin’s love for the game and how he treats others. Read the full story here.
Read All About It
- At least 19 people have been reported killed as a weekend of heavy rain and flash flooding drenched the South and Midwest. The weather system is now shifting east, threatening parts of the Southeast with potential thunderstorms, wind gusts and tornadoes.
- After a second child died in Texas in a fast-growing measles outbreak, Health and Human Services Secretary Robert F. Kennedy Jr. said the vaccines are “the most effective way” to prevent the virus’ spread.
- Connecticut won a record 12th national title after defeating South Carolina 82-59 in the NCAA women’s tournament. Tonight, Florida and Houston battle for the championship in the men’s tournament.
Staff Pick: Should the U.S. be making more aluminum?
Willie Youngblood has lived across the river from Atlantic Alumina for the last 30 years.Annie Flanagan for NBC News
Trump thinks so, but people who live near the last domestic producer of a key material in that process aren’t sold. Reporter Alexandra Byrne teamed up with Travers Mackel, an anchor at NBC’s New Orleans affiliate, to learn how the president’s trade war plays in Gramercy, Louisiana, home to the nation’s only refiner of alumina. Locals blame it for contributing to pollution in an industrial area long known as “Cancer Alley,” and even the CEO in charge of the plant said it’s been a tough business. Tariffs could boost his customer base, but he has no plans to expand. — Rich Bellis, senior business editor
NBC Select: Online Shopping, Simplified
The NBC Select team tried out 15 deodorants and antiperspirants to find the best options, depending on how much you sweat, your skin type and other personal preferences. Plus, editor Cory Fernandez tested multiple shower cleaners to find the best options to remove soap scum and water stains.
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