Axios

The new question for top CEOs and Wall Street traders is which of Trump's "burn-it-all-down" economic policies actually stick.

The "Trump put" that investors relied on in his first term — the notion that Trump would change policy if stocks or bonds had a bad reaction — looked like it might be dead in the second term. Until Wednesday.

The Trump administration's massive tariffs on China have Apple reportedly flying planes full of iPhones to the U.S. and consumers rushing to buy them before the prices potentially skyrocket. Around 90% of iPhones are assembled in China, and more than half of iPhone sales are in the U.S.

As robotaxi services begin to spread across America, ride-hailing drivers could worry that they'll be pushed aside in favor of robots — or at least that their incomes will shrink.

I spoke with Federal Reserve Bank of Richmond president Tom Barkin earlier today about what the trade war will mean for prices, jobs, Fed policy, and much more (including the peanut market!). Key takeaways from our conversation are here:

Exclusive: Fed's Barkin says tariff price hikes could start by June https://trib.al/pk2JwPO

Sports Illustrated is debuting a brand new biennial event this fall called the SI Women's Games that will feature elite athletes competing across six sports for a prize pool payout.

NEW: Google for the first time showed off prototype glasses that combine a miniature display with the company's Gemini AI assistant. Android XR head Shahram Izadi and a colleague showed the glasses, which look similar to a standard pair of specs, performing live translation from Farsi to English, scanning a book and performing other tasks.

Global corporations rushed out of China to dodge tariffs during Trump's first term. This time around, they have nowhere to hide — and policy is changing faster than supply chains can.

Consumer confidence dropped precipitously on Monday, as Americans absorbed news on stock market plunges and sky-high tariffs.