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Stocks rise as Trump unveils U.K. trade deal

By Home - CBSNews.com May 8, 2025 | 5:42 PM

Stocks jumped Thursday as President Trump unveiled a trade deal with the U.K. It marks the first major agreement since the president slapped tariffs on nearly all U.S. trade partners. CBS News contributor JD Durkin joins from the New York Stock Exchange with the latest.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM