Tonight, pressing pause on the trade war.

United States and China agreed to dramatically lower tariffs for 90 days, setting off a market rally.

Then Trump defends plans to accept a luxury jumbo jet as a gift from Qatar to be used as Air Force One.

Senator Rand Paul joins me to weigh in on that and why Trump's tariff reduction still isn't enough as the 11th hour gets underway on this Monday night.

Good evening once again. I am Stephanie Ruhl and it is day 113 of the second Trump administration.

And boy, has it been a huge day in the world of money, power politics.

Earlier today, the U.S. and China announced a 90-day pause on most of their recent tariffs.

The American tariffs on some Chinese imports will be cut from 145 percent down to 30. And China cut down tariffs. The American tariffs on some Chinese imports will be cut from 145% down to 30,

and China cut down tariffs to about 10%. The latest agreement comes on the heels of weekend

talks in Geneva. Georgia Secretary Scott Besson and President Trump are optimistic. They say

it will lead to more negotiations and a much bigger deal in the coming weeks, according to them.

Watch this.

We achieved a total reset with China.

The talks in Geneva were very friendly.

The relationship is very good.

We're not looking to hurt China.

I'll speak to president.

She may be at the end of the week.

No one wants to do a generalized decoupling, but we are going to do a strategic decoupling.

The temporary climb down brought a huge sigh of relief from Wall Street.

The Dow jumped 1,100 points while the NASDAQ and S&P were both up more than 3%.

Retailers were equally happy to hear the news, but many say that

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