After months of promises to overhaul or eliminate the Federal Emergency Management Agency, President Donald Trump is touting a fast and robust federal response to the devastating Texas floods. One former agency leader says it’s “a defining event that can help them realize that a Federal Emergency Management Agency is essential.

As Brazil’s Luiz Inacio Lula da Silva and Donald Trump trade blows, the person they are fighting over has sent mixed signals to investors trying to divine who will blink first.

In an interview with TV Globo, Lula explained that, for now, he does not intend to call Trump but will defend the Brazilian productive sector by opening new markets. The president noted that the American’s tone is disrespectful and that he will not accept such behavior.

Brazilian President Luiz Inácio Lula da Silva hit back on Monday at recent threats from U.S. President Donald Trump to impose tariffs on countries that align themselves with BRICS.

Brazil's Lula pledged support for Prabowo's free nutritious meal program during a meeting in Braslia on July 9, 2025, after the BRICS Summit in Rio.