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Dow jumps nearly 1,000 and S&P 500 climbs 2.6% following a 90-day truce in the US-China trade war

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www.abccolumbia.com – Associated Press – 2025-05-12 09:49:00

SUMMARY: U.S. stocks surged Monday after China and the U.S. agreed to a 90-day truce in their trade war, reducing most tariffs that threatened a recession and supply shortages. The S&P 500 rose 2.6%, nearing its February high, while the Dow gained 957 points and the Nasdaq 3.6%. Crude oil prices and the dollar also climbed, and Treasury yields jumped as rate cut expectations lessened. The tariff reductions—U.S. tariffs on Chinese goods cut from 145% to 30%, China’s on U.S. goods from 125% to 10%—mark progress but last only 90 days. Global markets, including India and Pakistan, also rallied amid easing conflicts and economic support.

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News from the South - South Carolina News Feed

Encompass Health hosts stroke event in Florence

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www.youtube.com – WPDE ABC15 – 2025-05-11 08:01:20


SUMMARY: Encompass Health Rehabilitation Hospital in Florence hosted a stroke awareness event, providing education and uplifting messages for stroke survivors. Stroke is the fifth leading cause of death in the U.S., and the hospital offers therapies to aid recovery. Daniel Jacob, a former stroke patient who experienced a brain stem hemorrhage, shared his story of rapid paralysis and recovery. Speech therapist Katie Rogers emphasized that anyone can have a stroke, especially those with diabetes, high blood pressure, heart disease, or unhealthy lifestyles. The event, reaching over 100 people, featured health guidance and activities for kids, promoting healthy living and hope for survivors.

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Encompass health rehabilitation hospital in Florence hosted their stroke awareness field day on Saturday afternoon.

This event provided education and uplifted stroke survivors. ABC 15 spoke with one survivor who experienced a stroke in his late 30’s.

Encompass health providers said that strokes are the fifth leading cause of death in Americans

Their hospital offers speech therapy, physical therapy and occupational therapy to stroke patients.

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News from the South - South Carolina News Feed

Local Catholics react to Pope Leo XIV, first American Pope

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www.youtube.com – WPDE ABC15 – 2025-05-10 08:15:08


SUMMARY: Local Catholics express excitement over the election of Pope Leo XIV, the first American Pope in history. Many were surprised but view it as a positive development for the Church, especially in attracting younger generations who have been drifting away. The Bishop of the Roman Catholic Diocese of Charleston shared optimism about the Pope’s mission, highlighting the significance of the papal name Leo, recalling Pope Leo XIII known for social doctrine and advocacy for immigrants. Catholics hope Pope Leo XIV will continue this legacy, addressing modern social justice and migration issues. The Cathedral of St. John the Baptist in Charleston plans a special mass in his honor.

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In the heart of Charleston, the colors of the Vatican are on display at the Cathedral of St. John the Baptist in honor of the newly …

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Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

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www.abccolumbia.com – Associated Press – 2025-05-09 09:40:00

SUMMARY: President Donald Trump suggested cutting tariffs on China from 145% to 80% ahead of high-level U.S.-China trade talks in Switzerland. The discussions come after months of escalating tariffs between the two nations. Trump emphasized that closed markets no longer work and urged China to open up. Although reducing tariffs, the 80% rate would still be high, risking supply chain issues and price hikes. Trump has previously indicated he wouldn’t lower tariffs for negotiations but showed flexibility in recent comments. His stance remains uncertain as he balances economic pressures and the desire to limit China’s influence.

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