Global Trends and Politics
Mortgage Rates Top 7% Amid Bond Market Turmoil

The average 30-year fixed mortgage rate jumped to 7.1% on Friday, marking the highest level since mid-February, according to Mortgage News Daily. The sharp increase—13 basis points in just one day—reflects a volatile week in the bond market driven by policy uncertainty and global economic tensions.
What’s Driving the Spike in Rates?
Mortgage rates tend to move in tandem with the 10-year Treasury yield, which experienced a turbulent week. Midweek, yields surged following the implementation of new tariffs on dozens of countries by former President Donald Trump. Though many tariffs were later reduced, the aggressive 145% duty on Chinese imports remained in place, continuing to rattle the markets. Despite a lower-than-expected inflation report, bond yields rose again on Friday, pushing mortgage rates higher.
Expert Perspective
“There have been some bad weeks for bonds over the years, but unless your career began before 1981, this was the worst you’ve seen in terms of the jump in 10-year yields,” said Matthew Graham, Chief Operating Officer at Mortgage News Daily.
Graham notes that this moment could be seen in two ways: “Either it’s the end of the worst week for 10-year yields since 1981, or it’s the close of a fairly average two-week stretch in line with the broader trend of the past 18 months.”
Inflation Expectations & Consumer Sentiment
Adding to the uncertainty, a new consumer sentiment report released Friday showed a steep decline in confidence. Inflation expectations jumped from 5% in March to 6.7% in April—the highest since 1981. This spike in inflation sentiment is especially concerning during the crucial spring housing market season, when many families consider home purchases.
Impact on the Housing Market
With mortgage rates climbing and inflation expectations rising, economists are sounding the alarm about the potential ripple effects on housing.
“Forget about housing in this environment,” said Nancy Lazar, Chief Global Economist at Piper Sandler. “With rates back up and consumers increasingly concerned about job security, housing will remain on the weak side.”
Higher borrowing costs reduce affordability, pushing many potential buyers to the sidelines just as the busiest season for real estate gets underway.
Final Thoughts
The convergence of surging mortgage rates, economic uncertainty, and inflation concerns is casting a shadow over the spring housing market. For potential buyers, the cost of borrowing is significantly higher than just a few weeks ago. For sellers, fewer qualified buyers may lead to slower sales and more price adjustments.
Staying informed and assessing your financial readiness will be key in navigating these shifting conditions.
Global Trends and Politics
When Politics Enters the Workplace: Managing Employee Expectations

The political impacts on workplaces have become increasingly prominent in recent years, with the 2016 US presidential election and the Brexit referendum being just a few examples of how politics can affect the work environment. As an employer, it’s essential to navigate these challenges and maintain a positive and productive workplace. In this article, we’ll explore the ways in which politics can enter the workplace and provide guidance on managing employee expectations.
Understanding the Impact of Politics on the Workplace
The divide between employees with different political beliefs can be a significant challenge for employers. A survey by the Society for Human Resource Management found that 56% of employees reported that politics had become a more significant source of tension in the workplace since the 2016 US presidential election. This tension can lead to decreased productivity, increased conflicts, and a negative work environment.
The Role of Social Media
Social media has played a significant role in bringing politics into the workplace. With the rise of platforms like Twitter and Facebook, employees are more likely to share their political views and engage in online discussions. This can lead to conflicts and disagreements among coworkers, making it essential for employers to establish clear social media policies and guidelines.
Employee Expectations and Free Speech
Employees have the right to free speech, but this right is not absolute in the workplace. Employers must balance the need to respect employees’ free speech with the need to maintain a positive and productive work environment. The US Supreme Court has established that employers have the right to restrict employee speech that is disruptive or interferes with the workplace.
Managing Employee Expectations and Politics
Managing employee expectations and politics requires a thoughtful and nuanced approach. Employers must be aware of the potential for politics to enter the workplace and have a plan in place to address any issues that may arise.
Establishing Clear Policies
Establishing clear policies and guidelines is essential for managing employee expectations and politics. Employers should have a clear policy on social media use, as well as guidelines for discussing politics in the workplace. These policies should be communicated clearly to all employees and enforced consistently.
Encouraging Respect and Civility
Encouraging respect and civility is crucial for maintaining a positive and productive work environment. Employers should promote a culture of respect and inclusivity, where employees feel comfortable sharing their views and opinions. This can be achieved through training programs, team-building activities, and encouraging open communication.
Addressing Conflicts and Incidents
Conflicts and incidents will inevitably arise when politics enters the workplace. Employers must be prepared to address these issues promptly and fairly. This may involve mediating conflicts, providing counseling, or taking disciplinary action.
Real-Life Examples and Case Studies
There have been several high-profile examples of politics entering the workplace in recent years. For example, in 2017, Google fired an employee who wrote a memo criticizing the company’s diversity policies. The incident sparked a national debate about free speech and diversity in the workplace.
The NFL and Player Protests
The NFL has been at the center of a controversy over player protests during the national anthem. The protests, which began in 2016, have sparked a national debate about free speech, patriotism, and social justice. The NFL has struggled to navigate the issue, with some teams and players supporting the protests and others opposing them.
Government Agencies and Politics
Government agencies have also been affected by politics in the workplace. In 2019, the US Department of Labor issued a rule that prohibited federal contractors from discussing unionization during work hours. The rule was seen as an attempt to limit the power of unions and sparked controversy among labor groups.
Best Practices for Employers
Employers can take several steps to manage employee expectations and politics in the workplace. These include establishing clear policies, encouraging respect and civility, and addressing conflicts and incidents promptly.
Conducting Regular Training
Conducting regular training programs can help employees understand the company’s policies and expectations. Employers should provide training on topics such as diversity and inclusion, social media use, and conflict resolution.
Encouraging Open Communication
Encouraging open communication is essential for maintaining a positive and productive work environment. Employers should create a culture where employees feel comfortable sharing their views and opinions, and where conflicts can be addressed promptly and fairly.
Conclusion
When politics enters the workplace, it can be a challenge for employers to navigate. However, by establishing clear policies, encouraging respect and civility, and addressing conflicts and incidents promptly, employers can maintain a positive and productive work environment. By following best practices and staying up-to-date on the latest trends and developments, employers can ensure that their workplace remains a place where employees can thrive and succeed.
Frequently Asked Questions
Q: Can employers restrict employee speech in the workplace?
A: Yes, employers have the right to restrict employee speech that is disruptive or interferes with the workplace. However, employers must balance this right with the need to respect employees’ free speech.
Q: How can employers encourage respect and civility in the workplace?
A: Employers can encourage respect and civility by promoting a culture of inclusivity, providing training programs, and encouraging open communication.
Q: What should employers do in the event of a conflict or incident?
A: Employers should address conflicts and incidents promptly and fairly, and provide counseling or take disciplinary action as needed.
Q: Can employees discuss politics in the workplace?
A: Employees can discuss politics in the workplace, but employers should establish clear guidelines and policies to ensure that these discussions do not disrupt the workplace or interfere with productivity.
Q: How can employers stay up-to-date on the latest trends and developments?
A: Employers can stay up-to-date on the latest trends and developments by attending conferences, reading industry publications, and following news and social media.
Global Trends and Politics
Trump Offers to Help Auto Companies, Boosting Stocks

Introduction to Automotive Tariffs
A cargo truck loaded with new pickups heads to U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025.
DETROIT — Shares of automakers closed higher Monday after President Donald Trump said he is looking to "help some of the car companies" amid his 25% auto tariffs.
Trump’s Plans to Help Automakers
The automakers "need a little bit of time" to move their production to the U.S., Trump said during a meeting Monday with Salvadoran President Nayib Bukele in the Oval Office.
"I’m looking for something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time because they’re going to make them here," Trump said without elaborating on the potential plans. "But they need a little bit of time, so I’m talking about things like that."
Impact on Automaker Stocks
The comments pushed stocks such as Ford Motor, General Motors and Chrysler parent Stellantis higher, with each rising between 3% and 6% after previously trading flat or negative. Shares of Rivian Automotive closed Monday up by 4.9%, while shares of Tesla were level.
Shares of other automakers such as Toyota Motor, Honda Motor and EV startup Lucid Group closed up by between 1.5% and 2%.
Industry Reaction
A senior automotive industry executive described Trump’s comments as "some recognition that this is getting tough for the industry."
Trump’s remarks Monday come nearly two weeks after he implemented automotive tariffs on imported vehicles of 25% on April 3.
Automotive Tariffs
Despite reducing tariffs on most countries last week and giving tech companies such as Apple exemptions from the levies over the weekend, the automotive tariffs have remained in effect.
Automakers have responded to the tariffs in a variety of ways. Manufacturers that are mostly domestic, such as Ford and Stellantis, have announced temporary deals for employee pricing, while others, such as British carmaker Jaguar Land Rover, have ceased U.S. shipments. Hyundai Motor also has said it would not raise prices for at least two months to ease consumer concerns.
Production Adjustments
GM has been strategically increasing some U.S. production, including upping output at a pickup truck plant in Indiana as well as canceling previously announced downtime next month at a facility in Tennessee.
"The company continues to update and revise production schedules as part of their standard process of evaluating and managing vehicle inventory as needed," plant leadership said in a message to workers. "The previously announced downtime for the week of May 12th is being rescinded, which means full production in Vehicle Assembly will run as normal."
A GM spokesman on Monday confirmed the change in plans for the Tennessee plant, which produces several Cadillac crossovers.
Conclusion
In conclusion, the automotive industry is facing challenges due to the implementation of 25% auto tariffs. However, President Trump’s recent comments suggest that he may be willing to provide some relief to the industry. Automakers have responded to the tariffs by adjusting production and pricing strategies.
FAQs
Q: What is the current tariff rate on imported vehicles?
A: The current tariff rate on imported vehicles is 25%.
Q: How have automakers responded to the tariffs?
A: Automakers have responded to the tariffs by adjusting production and pricing strategies, such as announcing temporary deals for employee pricing or ceasing U.S. shipments.
Q: Which companies have been affected by the tariffs?
A: Companies such as Ford Motor, General Motors, and Chrysler parent Stellantis have been affected by the tariffs, as well as other automakers such as Toyota Motor, Honda Motor, and EV startup Lucid Group.
Q: What is the potential impact of the tariffs on the automotive industry?
A: The potential impact of the tariffs on the automotive industry is significant, with some companies ceasing U.S. shipments or adjusting production schedules.
Q: What is President Trump’s stance on the tariffs?
A: President Trump has stated that he is looking to "help some of the car companies" amid the 25% auto tariffs, suggesting that he may be willing to provide some relief to the industry.
Global Trends and Politics
Airlines Bet on Vacationers Amid Economic Uncertainty

Introduction to Airline Industry Trends
Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. economic picture and weaker near-term demand. Airline CEOs are warning about slowing bookings, including weaker corporate travel, citing President Donald Trump’s trade war, mass government layoffs, fewer visitors from Canada and other countries, and more recently, weaker demand for domestic coach seats as price-sensitive consumers grow skittish about planning trips.
Economic Uncertainty and Airline Industry
Consumer sentiment tumbled this month, according to a University of Michigan survey. Bank of America said in a report Thursday that consumer spending on "nice to have" discretionary services like restaurants and tourism slipped in February and March. "I think we’re acting as if we’re going to a recession," Delta CEO Ed Bastian told CNBC’s "Squawk Box" on Wednesday. "I think everybody is going into a defensive posture." It’s a sharp change from the start of the year, when Bastian said 2025 was set to be the "best financial year" in the century-old airline’s history.
Shift in Focus to Wealthier Leisure Travelers
Now, airlines are banking even more on wealthier leisure travelers, a big driver of record revenue in the wake of the pandemic. They’re hoping those consumers will continue to treat themselves to pricier, roomier seats, despite global market turmoil and a more concerning economic picture. Budget travel icon Spirit Airlines last week used a beloved line from Parker Posey’s North Carolinian character in "The White Lotus" in an ad for the carrier’s priciest and roomiest seats. "I just don’t think at this age, I’m meant to live an uncomfortable life," Spirit quoted on its Instagram account above a picture of its "Big Front Seat," which can fetch three times the price of a standard seat in exchange for more legroom and other perks.
Expansion of Premium Services
Carriers and credit card companies for years have been expanding their plush airport lounges. Airlines have also been racing to outfit their planes with more premium seating, like suites with doors. Air France and Lufthansa recently unveiled new, spacious first-class cabins, and demand is so high for stepped-up first- and business-class seats, which have hundreds of parts and require regulator approval, that it’s holding up deliveries of new planes. Delta and Frontier said they are pulling back their growth plans or even reducing capacity, especially for off-peak domestic trips on certain days of the week like Tuesday or Wednesday.
Impact on International Travel
So far, executives are more optimistic about the expensive international routes and for seats like long-haul business class and premium economy. "The impact has been most pronounced in domestic and specifically in the main cabin with softness in both consumer and corporate travel," said Delta’s president, Glen Hauenstein, on an earnings call last week. "While not immune in this environment, we do continue to see greater resilience in international and our diversified revenue streams, including premium and loyalty, reflecting underlying strength of our core consumer." Delta has already seen premium-segment revenue such as first-class seats or premium economy on international long-haul trips, grow faster than main cabin.
Challenges in International Travel
Even as airlines have high hopes for higher-paying customers, there are problems brewing in international travel, too. Delta and United have said they are paring back some of their Canada-U.S. flights, echoing comments from Canadian carriers as U.S.-bound travel demand falls, a trend that’s threatening to further widen the $50 billion U.S. international travel deficit. Non-U.S. citizen visitor arrivals in the United States last month totaled about 4.5 million, down nearly 13% from 2019, before the pandemic, and down nearly 10% from last year, according to the U.S. Commerce Department.
Conclusion
Weaker demand is set to bring more deals, and airlines have run fare sales even through late spring. But it could even mean cheaper flights to popular international destinations. "This is probably the best summer for Europe travel I’ve seen years," said Scott Keyes, founder of travel deal site Going, formerly known as Scott’s Cheap Flights. "I don’t think there would have been all that much hope for it in 2022, 2023 and 2024," he said. "The stars are aligning to boost the odds."
FAQs
Q: What is the current trend in the airline industry?
A: The airline industry is experiencing a shift in focus towards wealthier leisure travelers, with a decline in demand for domestic coach seats and a growth in demand for premium services.
Q: What is the impact of economic uncertainty on the airline industry?
A: Economic uncertainty is leading to a decline in consumer sentiment and a decrease in demand for air travel, particularly in the domestic market.
Q: What are airlines doing to adapt to the changing market?
A: Airlines are expanding their premium services, such as plush airport lounges and premium seating, and are focusing on international routes and higher-paying customers.
Q: What can travelers expect in terms of prices and deals?
A: Weaker demand is expected to bring more deals and cheaper flights to popular international destinations.
Q: What is the outlook for the airline industry in the coming months?
A: The outlook is uncertain, with airlines pulling back their growth plans and reducing capacity, but there are opportunities for travelers to find good deals and cheaper flights.
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