We start with the latest on President Donald Trump’s tariff walkdown and how it’s affected Wall Street. Trump has announced biweekly Cabinet meetings with Elon Musk to make cuts more precise. A federal watchdog fired by Trump has backed down from his appeal. A lack of rain in Texas has worsened drought conditions and increased risk of wildfires. Plus, we tell you why Tesla shares have dropped so harshly. Learn more about your ad choices. Visit podcastchoices.com/adchoices