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It’s Tuesday. Have you heard that scientists kind of brought back dire wolves after 13,000 years of extinction? *quietly starts humming the "Jurassic Park" theme song* I’ll explain more below.

In today's issue:

• Stocks regain some ground
• GOP tariff rebellion forms
• Johnson’s growing Trump agenda hurdles

THE FIRST 100 DAYS

Hey, the stock market had a pretty good morning!:

*insert Victoria Ratliff’s thumbs up*

I usually feel like the bearer of bad new these days, but the U.S. stock market bounced back a bit at opening this morning.

The numbers: The Dow Jones Industrial Average rose 3.4 percent at opening, the S&P 500 was up 3.2 percent and the Nasdaq composite was up 3.6 percent.

What changed?: The Trump administration expressed willingness to negotiate with some countries. There have been mixed messages, though. Trump and Treasury Secretary Scott Bessent suggested they could reach agreements with Japan, South Korea and Vietnam — but Trump also said there can be “permanent tariffs” and “negotiations.”

When will Trump’s tariffs kick in?: At 12:01 a.m. EDT Wednesday.

🗨️ Follow today’s live blog

➤ ELON MUSK VS. TRUMP’S TOP TRADE ADVISER:

Tech billionaire Elon Musk called President Trump’s trade adviser Peter Navarro a “moron” and “dumber than a sack of bricks” over tariffs. 😶

The gist: Navarro claimed Tesla is not a “car manufacturer” but a “car assembler” using parts from other countries. Musk did not like this comment — he argues Tesla “has the most American-made cars.”

This is risky business:

President Trump is hedging an enormous bet with the U.S. economy — and Republicans are eager for an off-ramp.

A GOP rebellion is forming: Seven Republican senators have signed onto a bill to strip Trump of his tariff power. The proposal would require the president to give Congress 48 hours’ notice of any new tariffs, plus congressional approve within 60 days.

The White House unsurprisingly opposes this: Trump threatened to veto the bill that would limit his tariff power.

This morning, Sen. Ron Wyden (Ore.), the top Democrat on the Senate Finance Committee, announced that he’s introducing a measure to curb Trump’s tariff power.

Republican in farm states are particularly concerned: GOP senators from farming states like Arkansas, Indiana, Iowa, Kansas, North Carolina, North Dakota, Oklahoma and South Dakota are concerned about the economic pain their constituents may feel.

➤ PERILOUS WITH THE BASE:

A major reason Trump won the election in 2024 is because of the economy.........

© The Hill