Good evening. I'm Jeff Bennett.

And I'm Amna Nawaz. On the news hour tonight, economic forecasts increasingly show the president's harsh tariffs having a major global impact.

The Vatican makes arrangements for the funeral of Pope Francis as speculation over his successor intensifies.

And the Supreme Court hears a potential landmark case regarding religious rights and public school curriculum.

If they rule in favor of the parents, certainly you're going to see more opt-outs in situations like this.

Thank you. see more opt-outs in situations like this. Welcome to the News Hour. President Trump's trade wars are likely to slow down economic growth across the globe significantly this year.

That is the projection from the International Monetary Fund today, estimating the U.S. economy will slow down by an entire percentage point compared to last year growing by just 1.8%. Global growth was projected to slow by half of a percentage

point. Tariffs and uncertainty are rattling other important parts of the economy. The dollar has

continued its slide and investors are showing that they have new worries about treasury bonds,

often some of the safest investments. But the U.S. markets rebounded substantially today.

That came after Treasury Secretary Scott Besant reportedly told investors that he believes

the trade war with China is unsustainable and hopes tariffs on both sides could be eased.

The Dow gained back more than 1,000 points or 2.6%. The NASDAQ jumped 2.7%, and the S&P 500 also gained about 2.5%.

And late today, President Trump suggested he was open to easing up on the trade wars with China.

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 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 because otherwise they're not going to be able to deal in the United States.

To help us understand the volatility in the markets, let's turn now to longtime financial

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