Prior to his election as Pope Leo XIV, Robert Prevost's social media activity suggested criticism of President Donald Trump's immigration policies.

The new Chicago-raised Pope Leo XIV faces an immediate challenge in his native country: taming the brawling U.S. tribe of Catholics, riven by political divisions that have thwarted the will of his predecessors.

Economic analyst Peter Schiff wrote on X: "Investors are excited about Trump's trade deal with the U.K., our first victory in the trade war. The effective tariff rate on U.S. goods entering the U.K. is 0.5 percent. So, from the American perspective, what we stand to win from the deal is relief from Trump's tariffs on U.K. imports."

Trump imposed "reciprocal" tariffs on nearly all other countries, but quickly paused them to allow time to negotiate trade agreements with the United States.

U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.