The U.S. and India, until about a week ago when steep tariffs went into effect, had been on track to forge strong ties in trade, defense, and other areas. One thing that seems to have been lost in the tariff drama was the budding “bromance” between President Trump and Indian Prime Minister Narendra Modi. Also: a look at how the so-called “meme stock” effect has affected companies that have been boosted, and we talk with economist Julia Coronado about the possibility of a Fed rate cut in upcoming cycles.