Americans may soon face empty store shelves due to President Trump’s ongoing trade war with China, warns business reporter Christine Romans. Significant drops in shipping activity and markets reacting to tone shifts rather than policy changes signal potential supply chain disruptions that will impact consumers in the coming weeks.

Global markets are on edge as Treasury yields continue their relentless climb, unsettling investors and sounding alarm bells across financial sectors. The ongoing bond rout has sparked fears of a basis-trade unwind, adding to the turmoil in stock markets.