Wall Street points lower after Trump’s weekend tariff announcement; bank earnings this week

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By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week.

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

An announcement over the weekend by U.S. President Donald Trump that he plans 30% tariffs on goods from Mexico and the European Union had a modest immediate impact, as analysts said they expected progress toward trade deals before next month’s deadline.

The EU is America’s biggest business partner and the world’s largest trading bloc. The U.S. decision will have repercussions for governments, companies and consumers on both sides of the Atlantic.

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The tariffs could make everything from French cheese to German electronics more expensive in the U.S., while destabilizing economies from Portugal to Norway.

Markets in Europe are responding negatively, with Germany’s DAX slumping 1% and and Paris’s CAC 40 shedding 0.5%. The FTSE 100 in Britain — which is not an EU member and has already negotiated a trade deal with the U.S. — gained 0.4%.

The Trump administration had initially set Wednesday as a deadline for countries to make deals with the U.S. or face heavy increases in tariffs. But with just two trade deals announced since April, the window for negotiations has been been extended to Aug. 1.

In a matter of hours, some of the market’s focus will turn toward banks. JPMorgan Chase, Wells Fargo and Citigroup are among the big U.S. banks due to report their results on Tuesday.

Shares of Kenvue jumped nearly 6% ahead of the opening bell Monday after the former division of Johnson & Johnson said CEO Thibaut Mongon is stepping down. Kenvue, the maker of Listerine and Band-Aid brands, continues with a strategic review of the company after splitting its consumer health division from the pharmaceutical and medical device divisions in 2021.

Bitcoin climbed to another all-time high, rising as much 3.6% early Monday before settling back around $121,315, according to CoinDesk.

Bitcoin’s price has jumped amid bullish momentum across risk assets and coincides with Congress’ Crypto Week that starts Monday. Lawmakers will debate a series of bills that could define the regulatory framework for the industry.

Chinese shares advanced after the government reported that exports rose last month as a truce in a tariffs war prompted a surge in orders ahead of the Aug. 1 deadline for reaching a new trade deal with Washington.

Elsewhere, Hong Kong’s Hang Seng gained 0.3% to 24,091.45, while the Shanghai Composite index also was up 0.3%, at 3,519.65.

Tokyo’s Nikkei 225 index slipped 0.3% to 39,459.62, while the Kospi in South Korea jumped 0.8% to 3,202.03.

In Australia, the S&P/ASX 200 edged 0.1% lower to 8,570.40.

Taiwan’s benchmark lost 0.6%.

In energy markets, U.S. benchmark crude oil gained $1.05 to $69.50 per barrel, approaching the $70 level for the first time since a two-day rout in late June. Brent crude, the international standard, was up $1.03 at $71.39 per barrel.

The dollar ticked up to147.45 Japanese yen from 147.38 yen. The euro fell modestly to $1.1690 from $1.1692.

Alcaldía se ha retrasado en desarrollar encuestas para inmigrantes en refugios

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“Esta información es esencial para identificar carencias, realizar inversiones inteligentes y crear políticas que ayuden a las personas a construir vidas estables y seguras”, declaró la concejal Carlina Rivera, promotora de los proyectos de ley sobre encuestas.

Inmigrantes que llegaron a la ciudad de Nueva York el 10 de agosto de 2022, esperando frente al Port Authority para ser trasladados a refugios para personas sin hogar. El número de recién llegados ha disminuido considerablemente desde entonces. (Foto de Adi Talwar)

Este artículo se publicó originalmente en inglés el 10 de julio. Traducido por Daniel Parra. Read the English version here.

El año pasado, el Concejo de la ciudad aprobó dos proyectos de ley (Leyes Locales 73 y 74) para sondear las necesidades médicas y los obstáculos laborales de los inmigrantes alojados en los albergues de la ciudad. Sin embargo, la alcaldía se ha retrasado en el cumplimiento de los plazos establecidos en las leyes.

La Ley Local 73 exige que la ciudad realice “un estudio sobre la mano de obra de los inmigrantes, incluidos los recién llegados y los solicitantes de asilo”, mientras que la Ley Local 74 se centrará en sus necesidades médicas.

Según ambas leyes, los gestores de casos y el personal de los refugios debían haber recibido las encuestas antes del 1 de noviembre de 2024 y haberla distribuido entre los migrantes alojados.

“Los resultados de la encuesta se entregarán al comisionado de la oficina o agencia designada por el alcalde una vez finalizada, a más tardar el 31 de mayo de 2025”, dicen las leyes.

Sin embargo, las encuestas aún no se habían finalizado al 10 de julio, según informaron funcionarios municipales a City Limits. El Departamento de Salud e Higiene Mental de la ciudad de Nueva York (DOHMH por sus siglas en inglés) está preparando la encuesta de salud, mientras que la Oficina del Alcalde de Talento y Desarrollo de la Fuerza Laboral está preparando la encuesta sobre trabajo, dijeron los funcionarios.

Los funcionarios además dijeron que los cuestionarios están casi terminados y empezarán a distribuirse en los próximos meses, aunque no dieron una fecha concreta. 

“El desarrollo de estudios de esta magnitud requiere tiempo y una coordinación deliberada entre múltiples organismos municipales para garantizar que la encuesta sea precisa, se distribuya con rigor y arroje los resultados necesarios y fiables”, declaró un portavoz del DOHMH.

Según la legislación, la alcaldía o un organismo designado es responsable de crear las encuestas, supervisar el proceso de difusión y recopilar los datos, en coordinación con la Oficina del Alcalde para Asuntos del Inmigrante.

Cuando se pidió el cuestionario de las encuestas, un portavoz del DOHMH no dio detalles, pero dijo que se basan en la ley.

Tanto el Concejo Municipal como la concejal Carlina Rivera, patrocinadora de los proyectos de ley sobre las encuestas, dijeron que sus oficinas se han puesto en contacto con la alcaldía para obtener las últimas actualizaciones, pero han recibido poca información.

“El Concejo ha hecho gestiones para comprender el progreso actual de la Administración hacia la implementación de las Leyes Locales 73 y 74 de 2024”, dijo un portavoz del Concejo en una declaración enviada por correo electrónico.

“La ciudad de Nueva York ha obtenido inmensos beneficios de décadas de integrar con éxito a los neoyorquinos inmigrantes y es imperativo que el gobierno de la ciudad cumpla con las Leyes Locales 73 y 74 para aprender de esta última ola”, agregó el portavoz.

La oficina de Rivera explicó que el poder ejecutivo es responsable de administrar las encuestas, y dijo que han confiado en la Unidad de Cumplimiento del Concejo para las actualizaciones.

“Aprobé la legislación para asegurar que recopilamos los datos críticos necesarios para entender cómo nuestra ciudad está apoyando las solicitudes de permisos de trabajo, el espíritu empresarial, el desarrollo de la fuerza de trabajo y el acceso a la atención médica para nuestros vecinos más nuevos”, dijo la concejal Rivera por correo electrónico. “Esta información es esencial para identificar brechas, hacer inversiones inteligentes y crear políticas que ayuden a las personas a construir vidas estables y seguras”.

Desde la primavera de 2022, alrededor de 237.000 solicitantes de asilo han llegado a Nueva York, y más de 37.000 migrantes todavía están siendo alojados en refugios.

Menos de 100 nuevos inmigrantes entraron en el sistema durante la semana que terminó el 22 de junio. Esto supone un importante descenso con respecto a hace dos años, cuando la ciudad registraba una media de 4.000 ingresados por semana.

Durante meses, la ciudad ha ido reduciendo su extensa red de albergues de emergencia como respuesta a este descenso, y ha empezado a trasladar al sistema tradicional de albergues del Departamento de Servicios para Personas sin Hogar a la mayoría de los inmigrantes. Los defensores de los derechos de los inmigrantes se preguntan si durante esta transición seguirán teniendo acceso a los recursos especializados que necesitan las personas. 

Aunque no existen penas ni sanciones para la alcaldía por no cumplir los plazos legalmente estipulados, el Concejo dijo que espera comprender los problemas que han afectado la implementación. Cuando se le preguntó, un portavoz del DOHMH dijo que “no ha habido ningún problema con la aplicación de esta ley o la realización de encuestas”.

Según la ley, el alcalde y la presidenta del Concejo deben recibir un informe final sobre las encuestas de trabajo y salud antes del 30 de septiembre de 2025. Este informe debe incluir recomendaciones sobre políticas e inversiones para apoyar el bienestar económico y el éxito de los inmigrantes, así como formas de identificar y anticipar sus necesidades médicas.

“Nuestro objetivo es presentar este informe antes de la fecha límite establecida por la ley local, septiembre de 2025”, dijo un portavoz del DOHM.

Rivera dice que la información es vital ahora que los inmigrantes se enfrentan a una mayor aplicación de la ley federal y los riesgos de deportación.

“A medida que el gobierno federal persigue una agenda radical anti-inmigrante que está acelerando las deportaciones, negando los derechos constitucionales, y perturbando vidas y comunidades, contamos con la administración Adams para administrar estas encuestas y entregar un informe completo”, dijo Rivera. 

“Es nuestra responsabilidad afrontar este momento con políticas eficaces e innovadoras que honren ese legado y garanticen que todos los neoyorquinos puedan prosperar”, añadió.

Para ponerse en contacto con los reporteros de esta noticia, escriba a Daniel@citylimits.org. Para ponerse en contacto con la editora, escriba a Jeanmarie@citylimits.org.

The post Alcaldía se ha retrasado en desarrollar encuestas para inmigrantes en refugios appeared first on City Limits.

Myers: Big money signings the latest twist in college hockey’s new world

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At the 2023 NCAA Frozen Four in Tampa, Fla., Gophers coach Bob Motzko took questions before the tournament with future NHLers like Logan Cooley, Ryan Johnson and Jimmy Snuggerud flanking him. On that day, just over two years ago, Motzko was asked about how name, image and likeness money was affecting other college sports and how it might affect NCAA hockey in the future.

“Hockey is behind a little bit in the conversation,” Motzko said, perhaps inadvertently quoting Minnesota music legend Bob Dylan in his answer. “I think it’s going to be a conversation that’s going to heat up more and more in hockey over the next couple of years. We just don’t have that many teams compared to football and basketball. But it’s starting to heat up. And there are more discussions. You’re hearing million-dollar deals for football and basketball. Our players get burritos. But I think times are changing.”

It’s 27 months later. And the times have changed in a big, big way.

Gavin McKenna, a Canadian forward with eye-popping offensive numbers in major junior hockey is 17 years old and projected by many experts to be the top overall pick in the 2026 NHL draft. Last week, he was reportedly offered $250,000 to attend Michigan State in the fall and skate for a Spartans team that returns one of the nation’s top goalies in Trey Augustine. The Spartans are a not-overly-risky bet to win the Big Ten’s first NCAA hockey title since an underdog Spartans team did it in 2007.

After visiting campus and mulling their official bid, McKenna handed Michigan State a polite ‘No thank you,’ and instead opted to skate for conference rival Penn State next season. That decision came after the Nittany Lions – who are coming off the program’s first Frozen Four appearance – were able to reportedly triple Michigan State’s monetary offer.

Tilting ice

Over the past 15 years, the money game is the fourth seismic shift to hit the world of college hockey, which involves roughly 60 teams from Alaska in the West to Maine in the East and as far South as Arizona State’s rapidly emerging program.

The first came in 2010 when Terry Pegula, the billionaire owner of the NHL’s Buffalo Sabres and the NFL’s Buffalo Bills, gave more than $100 million to his alma mater, Penn State, to build an arena that facilitated the Nittany Lions’ move from club to Division I hockey. That made for a half-dozen Big Ten schools with hockey programs (with the Nittany Lions joining Michigan, Michigan State, Minnesota, Ohio State and Wisconsin). In short order, the Big Ten became the first Power Five conference to include hockey, and long-standing, hockey-only conferences like the Western Collegiate Hockey Association and the original Central Collegiate Hockey Association either disbanded or radically changed their membership.

The next two changes came in the past five years, as NIL meant, for the first time, college athletes could get paid for the use of their name, image and likeness without losing their NCAA eligibility.

While football and basketball players were receiving six-figure deals from the start, the immediate impact on hockey was players hosting summer hockey camps, websites giving players a few hoodies in exchange for the use of an athlete’s name, and the aforementioned free burritos, with the Mexican chain Chipotle signing several Gophers skaters to endorse their food.

With the money offered to top players skyrocketing, there seems to be a movement afoot in Dinkytown to get the Gophers more involved in that game. Last month, social media posts were sent and a bare-bones website went live announcing the Golden Helmet Collective, which is lacking detail, but seems to be the start of a hockey-specific effort to raise NIL money for future Gophers.

The opening of the transfer portal allowed players to move from one program to another without having to sit out or lose eligibility. This brought de facto free agency to college hockey, where smaller schools are now routinely losing their top players to bigger schools after a year or two.

One coach in Atlantic Hockey America, which is home to mid-major programs like Air Force, Bentley, Mercyhurst and Robert Morris, compared their conference to a shopping center, where many of the six players named to the AHA all-rookie team one season are likely to be playing in the Big Ten or Hockey East by the time they’re sophomores.

The Gophers have been sporadic but effective users of the transfer portal, bringing in players like NHL first-rounder Matthew Wood from Connecticut and goalie Liam Souliere, who backstopped much of last season’s Big Ten title run, from Penn State.

Open borders

In November 2024, a lawsuit prompted the NCAA to allow players from Canadian major junior leagues to maintain college hockey eligibility, which had not been the case for the past four decades or so. Because major junior players often receive a stipend of a few hundred dollars per month for living expenses, they were long considered professionals in the eyes of the NCAA. So in 2012 when current Minnesota Wild forward Ryan Hartman, who was committed to play college hockey at Miami of Ohio, went to play for a major junior team instead, his NCAA eligibility disappeared.

The opening up of major junior players to college recruitment has meant a windfall of new talent available to NCAA programs. McKenna is just the latest player from the Canadian leagues to pack for a home on campus in the fall, with Wild prospect Ryder Ritchie (Boston University), defenseman Benjamin Vigneault (Bemidji State), defenseman Henry Mews (Michigan), left winger Blake Montgomery (Wisconsin), defenseman Ethan Armstrong (Minnesota State Mankato), left winger Nathan Piling (St. Thomas), defenseman Grayden Siepmann (Minnesota Duluth) and center Cayden Lindstrom (Michigan State) all moving from major junior to college hockey in the fall.

North Dakota, which is a program in transition after a coaching change in the spring, landed two of the top players from the Victoria (B.C.) Royals, center Cole Rischny and defenseman Keaton Verhoeff.

McKenna made his future Nittany Lions announcement live on ESPN SportsCenter, in a move reminiscent of LeBron James and his infamous, nationally-televised “Decision” from 2010. While some decried the big-money signing as an omen of college hockey’s demise, others noted that having the sport covered on national TV in the middle of the summer, and attracting the top young talent on ice, at least for one season, is a net positive, even as the sport goes through yet another recent change.

Whatever your personal opinion, it’s clear that the future of college hockey has arrived. And for programs large and small to attract and keep the game’s best players, more than burritos will be required.

Gavin McKenna #9 of Team Canada celebrates his goal with teammates on the bench during the first period at the 2025 IIHF World Junior Championship against Team Finland at Canadian Tire Centre Dec. 26, 2024 in Ottawa, Ontario, Canada. (Photo by Minas Panagiotakis/Getty Images)

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Suspect kills 2 women in Kentucky church after shooting state trooper, police say

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By BRUCE SCHREINER, Associated Press

Two women died Sunday at a church in Lexington, Kentucky, in a shooting rampage that began when a state trooper was wounded after making a traffic stop, police said. The suspect in both shootings was also killed.

The suspect carjacked a vehicle after the traffic stop near Lexington’s airport and fled to Richmond Road Baptist Church, where he opened fire, city Police Chief Lawrence Weathers said. Killed in the shootings at the church were a 72-year-old woman and a 32-year-old woman, the local coroner said.

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State Trooper is among multiple victims in Kentucky shooting, officials say

Two other people were wounded at the church and taken to a local hospital, the police chief said. One victim sustained critical injuries and the other was in stable condition, Weathers said.

The suspect was shot by police and died at the scene, he said. The suspect was not immediately identified pending notification of family, he said.

“Preliminary information indicates that the suspect may have had a connection to the individuals at the church,” the police chief said at a news conference.

The trooper stopped the vehicle after receiving a “license plate reader alert” and was shot about 11:30 a.m., Weathers said. The trooper was in stable condition, he said.

Police tracked the carjacked vehicle to the Baptist church, the police chief said. The church is about 16 miles 26 kilometers) from where the trooper was shot.

The shootings remain under investigation, Weathers said.

Lexington Police Chief Lawrence Weathers speaks during a media conference at Lexington Police headquarters in downtown Lexington, Ky., Sunday, July 13, 2025. (Ryan C. Hermens/Lexington Herald-Leader via AP)

Fayette County Coroner Gary Ginn said the church is home to a small, tight-knit congregation.

“Please pray for everyone affected by these senseless acts of violence, and let’s give thanks for the swift response by the Lexington Police Department and Kentucky State Police,” Kentucky Gov. Andy Beshear said in a social media post.

State Attorney General Russell Coleman said detectives with his office were ready to support local and state agencies. “Today, violence invaded the Lord’s House,” Coleman said in a statement. “The attack on law enforcement and people of faith in Lexington shocked the entire Commonwealth.”