By SEUNG MIN KIM and KIM CHANDLER, Associated Press

WASHINGTON (AP) — President Donald Trump’s administration will announce on Tuesday that U.S. Space Command will be located in Alabama, reversing a Biden-era decision to keep it at its temporary headquarters in Colorado, according to two people familiar with the announcement.

Trump is expected to speak Tuesday afternoon, and he will give the new location, according to the people, who spoke on the condition of anonymity to confirm the plans ahead of the official announcement. A Pentagon website set up to livestream the remarks describes the event as a “U.S. Space Command HQ Announcement.”

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“The president will be making an exciting announcement related to the Department of Defense,” White House press secretary Karoline Leavitt said.

Space Command’s functions include conducting operations like enabling satellite-based navigation and troop communication and providing warning of missile launches.

Alabama and Colorado have long battled to claim Space Command because it has significant implications for the local economy. The site also has been a political prize, with elected officials from both Alabama and Colorado asserting their state is the better location.

Huntsville, Alabama, nicknamed Rocket City, has long been home to the Army’s Redstone Arsenal and NASA’s Marshall Space Flight Center. The Army’s Space and Missile Defense Command is also located in Huntsville, which drew its nickname because of its role in building the first rockets for the U.S. space program.

The announcement caps a four-year back-and-forth on the location of Space Command.

The Air Force in 2021 identified Army Redstone Arsenal in Huntsville as the preferred location for the new U.S. Space Command. The city was picked after site visits to six states that compared factors such as infrastructure capacity, community support and costs to the Defense Department.

Then-President Joe Biden in 2023 announced Space Command would be permanently located in Colorado Springs, Colorado, which had been serving as its temporary headquarters. Biden’s Democratic administration said that keeping the command in Colorado Springs would avoid a disruption in readiness.

A review by the Defense Department inspector general was inconclusive and could not determine why Colorado was chosen over Alabama. Trump, a Republican who enjoys deep support in Alabama, had long been expected to move Space Command back to Alabama.

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street is pulling further from its records on Tuesday, ground down by tightening pressure from the bond market.

The S&P 500 sank 0.9% after falling as much as 1.4% at the start of trading. The Dow Jones Industrial Average was down 305 points, or 0.7%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was down 1.1%. All three are still relatively close to their recently set all-time highs.

Nvidia and other companies that have benefited from the frenzy around artificial-intelligence technology were some of the heaviest weights on the market. They have soared for years on belief that they’re at the vanguard of the next revolution for the global economy. But they’ve also shot so high that critics say their prices have simply become too expensive.

Nvidia, whose chips are powering much of the move into AI, fell 2.1%.

Other losing Big Tech stocks included Amazon, which fell 1.9%, and Alphabet, which sank 1.8%.

The overall stock market was feeling pressure from rising yields in the bond market, where the 10-year Treasury yield climbed to 4.26% from 4.23% late Friday. When bonds are paying more in interest, investors are less willing to pay high prices for stocks.

Longer-term bond yields are on the rise around the world, in part because of worries about how difficult it will be for governments to repay their growing mountains of debt.

In the United States, longer-term Treasury yields are feeling added pressure from President Donald Trump’s attacks on the Federal Reserve for not cutting interest rates sooner. The fear is that a less independent Fed will be less likely to make the unpopular decisions needed to keep inflation under control, such as keeping short-term interest rates higher than investors would like.

Tuesday was also the first opportunity for trading in the U.S. Treasury market after a federal appeals court ruled that Trump overstepped his legal authority when announcing sweeping tariffs on almost every country on Earth, though it left the tariffs in place for now. While the tariffs have created confusion and may have hurt the U.S. job market, they also have brought in revenue that could help the U.S. government pay some of its debt.

In another signal about increasing worries in financial markets, the price of gold rose 1.1% and was near its record. The metal has often provided a haven for investors in times of uncertainty.

Treasury yields did trim their gains a bit after a report said U.S. manufacturing contracted by more last month than economists expected. Many companies told the Institute for Supply Management’s survey that tariffs are continuing to make conditions chaotic.

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“Too much uncertainty for us and our customers regarding tariffs and the U.S./global economy,” said one company in the chemical products industry said, while noting that orders across most product lines have weakened.

The worse-than-expected report could give the Federal Reserve more leeway to cut its main interest rate for the first time this year at its next meeting in a couple of weeks. That in turn helped stock prices trim their losses.

On Wall Street, Constellation Brands tumbled 6.8% after the beer, wine and spirits company warned that it’s seen a slowdown in purchases of its high-end beers, particularly among its Hispanic customers. That pushed it to slash its forecast for profit this fiscal year.

Kraft Heinz fell 3.5% after announcing that it’s splitting into two, a decade after a merger of the brands created one of the biggest food companies on the planet.

One of the companies will include shelf stable meals and include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include the Oscar Mayer, Kraft Singles and Lunchables brands. The official names of the two companies will be released later.

Among the market’s few gainers was PepsiCo, which rose 2.9% after an investment firm said it sent suggestions to the company’s board to reaccelerate its growth and boost financial performance. The investor, Elliott Management, has a history of buying into companies and then pushing for big changes that can lead to better stock performance.

In stock markets abroad, indexes slumped across Europe, with Germany’s DAX losing 1.7%. That was after a more mixed finish in Asia, where indexes rose 0.9% in Seoul but fell 0.5% in Hong Kong.

AP Business Writer Elaine Kurtenbach contributed.

By HYUNG-JIN KIM and KIM TONG-HYUNG, Associated Press

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un arrived in Beijing by train on Tuesday to attend a military parade with his Chinese and Russian counterparts, an event that observers say could potentially demonstrate three-way unity against the United States.

Kim and Russian President Vladimir Putin are among the 26 world leaders who will join China’s President Xi Jinping at Wednesday’s massive military parade in Beijing that commemorates the 80th anniversary of the end of World War II and China’s fight against Japan’s wartime aggressions.

In this photo released by Xinhua News Agency, North Korea leader Kim Jong Un, center, disembarks from a train as he arrives at a railway station, in Beijing, China, Tuesday, Sept. 2, 2025. (Pang Xinglei/Xinhua via AP)

It’s set to be Kim’s first time attending a major multilateral event during his 14-year rule, and the first time Kim, Xi and Putin, all key rivals of the U.S., have gathered at the same venue. None of the three countries have confirmed a private trilateral leaders’ meeting.

North Korea’s official Korean Central News Agency said Kim was greeted at Beijing railway station by senior Chinese officials. Kim was cited as saying he was pleased to visit China and expressing thanks to Xi and his government for their cordial hospitality.

According to KCNA photos, Kim’s delegation at the Beijing station includes his young daughter, who South Korean intelligence officials view as his likely heir. Since 2022, she has frequently accompanied her father on a slew of major events including missile tests, with state media calling her Kim’s “most beloved” or “respected” child. KCNA earlier said senior officials including Foreign Minister Choe Son Hui were traveling with Kim, but didn’t mention the girl, reportedly named Kim Ju Ae and aged about 13.

Bilateral meetings

In a closed-door briefing to lawmakers earlier Tuesday, South Korea’s National Intelligence Service said that Kim will likely receive special protocol and security measures on par with those given to Putin, according to Lee Seong Kweun, a lawmaker who attended the meeting.

The spy agency said Kim may stand alongside Xi and Putin on the rostrum at Tiananmen Square during Wednesday’s parade, and anticipated that he will hold bilateral meetings with the Chinese and Russian leaders and interact with other heads of state at a reception and cultural performance as he seeks to further break out of isolation and expand his diplomatic footing, Lee said.

FILE -This photo provided by the North Korean government, shows that North Korea leader Kim Jong Un greets attendants in Pyongyang, North Korea, on Sept. 10, 2023, before boarding on a train to Russia. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: “KCNA” which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP, File)

It is Kim’s first visit to China since 2019, and the fifth visit in total since he inherited power upon his father’s death in late 2011.

Putin arrived in China on Sunday to attend the Shanghai Cooperation Organization, a regional summit, as well as the Beijing parade. Kremlin aide Yuri Ushakov told Russia’s Tass news agency on Sunday that a meeting between Putin and Kim on the sidelines was “under consideration.”

North Korea observers are paying keen attention to Kim possibly meeting Xi bilaterally as well and holding even a trilateral meeting with Xi and Putin. The three leaders have met bilaterally previously but have yet to hold a trilateral meeting.

Kim wants to restore strong China ties

North Korea’s foreign policy priority has been Russia in recent years as it has been supplying troops and ammunition to support Moscow’s war against Ukraine in exchange for economic and military assistance.

According to South Korean assessments, North Korea has sent around 15,000 troops to Russia since last year. In its latest briefing to lawmakers, the South Korean spy agency said it believes roughly 2,000 of them have so far died in combat, Lee said.

Kim has also agreed to additionally send thousands of military construction workers and deminers to Russia’s Kursk region, and the agency assesses that the first 1,000 are already in Russia, Lee said.

North Korea’s relations with China have reportedly turned sour in recent years, but experts say Kim likely hopes to restore ties as China is North Korea’s biggest trading partner and aid benefactor and he would want to brace for the end of the Russia-Ukraine war.

Kim is also developing partnerships

Since aligning with Russia, North Korea has become more vocal in international affairs beyond the Korean Peninsula, issuing diplomatic statements on conflicts in the Middle East and in the Taiwan Strait, while portraying itself as a part of a united front against Washington.

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Some experts say Kim’s presence at the multilateral event in Beijing is part of efforts to develop partnerships with other nations close to China and Russia.

Kim’s trip comes as U.S., President Donald Trump and new liberal South Korean President Lee Jae Myung have repeatedly expressed their hopes to restart talks with North Korea. North Korea has been shunning talks with the U.S. and South Korea and pushing to expand its nuclear and missile arsenals since Kim’s earlier round of diplomacy with Trump collapsed in 2019.

Before departing for China on Monday, Kim visited a North Korean missile research institute to review progress on developing a new engine for a “next-generation” intercontinental ballistic missile, KCNA reported.

The North in recent years has tested various versions of ICBMs capable of reaching the U.S. mainland, and analysts say the next-generation ICBM likely refers to a long-range weapon with multiple nuclear warheads that can defeat U.S. missile defense systems.

WASHINGTON (AP) — A judge has ruled the Trump administration’s use of National Guard troops during Southern California immigration enforcements protests is illegal.

Judge Charles Breyer ruled Tuesday that President Donald Trump’s administration violated federal law by sending troops to accompany federal agents on immigration raids. The judge in Washington did not require the remaining troops withdrawn, however.

California sued, saying the troops sent to Los Angeles over the summer were violating a law that prohibits military enforcement of domestic laws. Lawyers for the Republican administration have argued the Posse Comitatus Act doesn’t apply because the troops were protecting federal officers not enforcing laws. They say the troops were mobilized under an authority that allows the president to deploy them.