If it's Wednesday, President Trump's latest economic U-turn, as he reassures the markets that tariffs on China will come down and that the Federal Reserve Chair's job is safe as the administration signals a softening of its rhetoric after warnings of market turmoil.

Plus, a federal judge issues a new scathing rebuke of the Trump administration,

accusing the federal government of willfully refusing to comply with the court

in the deportation case of Kilmar Obrego-Garcia.

And top White House officials pull out of a high-level round of Ukraine peace talks

as President Trump lashes out at President

Zelensky for rejecting the idea that Russia could maintain control of Crimea.

Hi there, welcome to meet the press now.

I'm Ryan Nobles in Washington, where we begin with breaking news.

As stocks rose for a second straight day,

with President Trump walking back his threat to fire Federal Reserve Chair Jerome Powell and the White House signaling de-escalation in its trade war with

China.

Stocks finished the day higher for the second day in a row. The Dow rose more than 400 points at one

point. It was over a thousand points.

Over the last two trading sessions, the major indices are up roughly three to five percent.

Now, the improvement in market vibes comes after President Trump publicly echoed private

assurances made by his Treasury Secretary to Wall Street bankers that sky-high tariffs with China will have to come down.

Here's the president yesterday afternoon and this morning, signaling changes to the current

145 percent tariff on Chinese imports.

I'm not going to say, oh, I'm going to play hardball with China. I'm going to play hardball with

you, President Xi. No, no. We're going to be very nice. They're going to be very nice. And we'll see what happens. But ultimately, they have to make a deal. 145% is very high. And it won't be that high. It's not going to be that high. It'll come down substantially, but it won't be zero. It used to be zero. We were just destroyed.

China was taking us for a ride and

...