Trump live updates: U.S. markets close up ending volatile week despite China raising tariffs to 125% in retaliation

With his annual physical at Walter Reed National Military Medical Center complete, President Donald Trump is on his way to Florida for the weekend, accompanied by a very large umbrella.

As the stock market turbulence prompts fears that the U.S. could soon be in a recession, an investment management firm executive believes we’re already there.

Kelly Rissman reports on comments made by Blackrock’s Larry Fink.

In a motion to preclude the government from seeking the death penalty, attorneys for Luigi Mangione said that “The United States government intends to kill Mr. Mangione as a political stunt.”

The attorneys noted that Attorney General Pam Bondi stated in an Instagram post that “Mangione is guilty of murder (though he is still unindicted, let alone convicted).”

“When the United States plans to kill one of its citizens, it must follow statutory and internal procedures. Defendant Luigi Mangione seeks Court intervention now not merely because the Government has failed to follow these procedures but because it has abandoned them,” the attorneys state in the motion.

Absolutely teeing up her question to Leavitt, the Lindell TV “reporter” wondered if the White House would be able to share Donald Trump’s secret “fitness plan” because the 78-year-old president looks “healthier than ever before” and better than when he first began running for political office.

President Donald Trump on Friday urged Congress to “push hard for more Daylight at the end of a day” in his latest dig at the semiannual changing of clocks.

Trump, in a post on his Truth Social media network, said it would be “Very popular and, most importantly, no more changing of the clocks, a big inconvenience and, for our government, A VERY COSTLY EVENT!!!”

The Republican president’s position calling for more daylight would push the schedule forward, keeping the country on daylight saving time. His post came a day after a Senate panel heard testimony examining whether to set one time all year instead of shifting.

An immigration court judge has determined that Donald Trump’s administration can deport a Columbia University student activist for his involvement in pro-Palestine demonstrations on campus.

The administration’s claims that Mahmoud Khalil poses “adverse foreign policy consequences” for the United States is “facially reasonable,” according to assistant chief immigration judge Jamee Comans.

The Department of Justice announced on Friday that it had charged 32-year-old Shawn Monper, from Butler, Pennsylvania, with making threats to murder and assault Trump, other U.S. officials, and ICE agents.

“I want to applaud the outstanding and courageous investigative work of the FBI and the Butler Township Police Department, who thankfully identified and apprehended this individual before he could carry out his threats against President Trump’s life and the lives of other innocent Americans,” said Attorney General Pamela Bondi. “Rest assured that whenever and wherever threats of assassination or mass violence occur, this Department of Justice will find, arrest, and prosecute the suspect to the fullest extent of the law and seek the maximum appropriate punishment.”

Wall Street posted solid gains on Friday as major banks kicked off first-quarter earnings season, and investors concluded a turbulent week marked by wild swings stemming from President Donald Trump’s on-again, off-again tariff decision in the trade war he launched against U.S. trading partners last week.

All three major U.S. indices ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed is ready to keep financial markets functioning should the need arise.

Each index posted gains compared to last Friday’s close. Stocks experienced extreme volatility throughout the week due to Trump’s tariffs change of heart, followed by a reprieve on European goods, and a tit-for-tat escalation in the U.S.-China trade war.

Beijing retaliated to Trump’s recent tariff hike, which reached an effective rate of 145%. The trade war has led to significant intraday market fluctuations and has driven consumers’ near-term inflation expectations to their highest level since 1981.

According to preliminary data, the S&P 500 gained 91.35 points, or 1.73%, ending at 5,359.40 points, while the Nasdaq Composite rose by 323.22 points, or 1.97%, to reach 16,710.54. The Dow Jones Industrial Average increased by 607.62 points, or 1.53%, finishing at 40,201.28.

With reporting from Reuters