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Transcript

Egg Prices Soar to Record Highs as Apple Works to Import 600 Tons of IPhones

Egg prices soar to record highs, Apple is rushing to import 600 tons of IPhones from India because of tariffs, inflation has fallen, the House will vote on a budget bill and the SAVE Act, and more

Here’s your morning news rundown—but first, a quick thank you. If you believe in this kind of journalism, please consider subscribing or becoming a supporter.

Now, let’s get into the news.

  • While flying with Trump on Air Force One Sunday, Bessent advised him to pivot toward negotiation talk and to clearly define the endgame, warning that the markets were tanking. Two days later—after efforts by Bessent, Vance, and others—Trump backed down.

  • U.S. egg prices have hit a record high, now costing $6.23 per dozen — a 5.6% increase from last month.

  • U.S. CPI inflation fell in March compared to the previous month — the first monthly decline since May 2020.

  • Apple has shipped 600 tons of iPhones from India in an effort to avoid tariffs, according to Reuters.

  • The House passed a bill to restrict district court judges from issuing nationwide injunctions. Only one Republican—Mike Turner from Ohio—sided with Democrats in opposing it. The move directly targets judges who previously blocked some of Trump’s policies.

  • Trump has signed an executive order aimed at the law firm Susman Godfrey, which played a key role in helping Dominion Voting Systems secure a $787 million settlement from Fox News over false claims about the 2020 election.

  • The DOJ is backing off its case against a man it had labeled an MS-13 leader—an arrest once touted in a major press conference with AG Bondi, Kash Patel, and Glenn Youngkin. But the man's lawyer is urging the judge not to dismiss the charges, worried it could trigger a quick deportation without due process. The administration hasn’t revealed what it plans to do next.

  • After their first night sleeping outdoors in earthquake-stricken Myanmar, the three-person USAID team sent to assist was met with termination notices the next morning.

  • According to a memo, the Justice Department is now banning its employees from participating in American Bar Association events. These events have traditionally served as a space for professional growth and idea sharing. The Trump administration argues the ABA is pushing a left-leaning agenda and is frustrated that the organization has sued over suspended USAID contracts.

See you this evening.

— Aaron

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