Trump told @edokeefe the Iranians sent a "very big present worth a tremendous amount of money" that arrived today, that was "oil and gas-related." He told @JenniferJJacobs it's related to the flow/control of the Strait of Hormuz, and a sign they're dealing with the "right people"
Trump on Iran talks: "We're doing a five-day period. We'll see how that goes. If it goes well, we're going to end up settling this. Otherwise, we'll just keep bombing our little hearts out."
WEST PALM BEACH, Fla. (AP) — Trump extends his deadline for Iran to reopen the Strait of Hormuz; US to hold off on power plant strikes for 5 days
DUBAI, United Arab Emirates (AP) — Iranian state television says: 'US president backs down following Iran's firm warning’
New in @WSJ just now:
Some Democrats on Capitol Hill are discussing how to get New York Sen. Chuck Schumer to step aside as Senate minority leader amid concerns about his negotiating style and midterms strategy.
wsj.com/politics/polic…
Trump before boarding Marine One: “I think NATO has gone down a long way. They should be helping with the Strait. They get much of their energy from the Strait of Hormuz. And if Lindsey Graham said that - and don’t forget he was the big NATO guy for awhile and now he’s not.”
Some personal news:
After nearly eight fantastic years, today is my last day at @WSJ.
Next month I'm starting with @nytimes to cover cybersecurity, intelligence, and more. I'm thrilled to be joining such an excellent team, and can't wait to get started.
Trump is narrating
the war in Iran via social media offering his war-making thoughts in real time. He has posted about it nearly 90 times which has consumed a quarter of the president’s feed. W @KThomasDC@anthonydbwsj.com/politics/polic…
Fed governor Chris Waller to CNBC's Steve Liesman: I was ready to dissent for a rate cut after the February jobs report came out.
But the inflation picture is looking worse and has become more of a concern because the Strait of Hormuz is still closed, two weeks later.
Moreover, there are reasons to think the breakeven payroll number could be very low.
"My brain understands the math but I can't get through my gut that this is OK."
Trump has used his favorite platform—Truth Social—to cajole allies, berate adversaries, reassure embattled Gulf states and conduct his own unique form of online diplomacy. Latest w/ @AnnieLinskey@anthonydbwsj.com/world/middle-e…
A federal panel approved a commemorative gold coin design featuring President Trump, endorsing the rare step of putting a living, sitting president on American money. on.wsj.com/3PjQhqG
Trump, meeting Japan's PM in the Oval, is asked by a Japanese reporter why allies weren't included in Iran strikes before they launched.
"You don't want to signal too much," Trump says. "Who knows better about surprise than Japan. Why didn't you tell me about Pearl Harbor?"
Donald Trump has spent months talking about how badly he wants Jay Powell out of the Federal Reserve.
On Wednesday, Powell signaled the administration’s own actions have had the opposite effect: He’s prepared to stay longer than he otherwise would have. wsj.com/economy/centra…