Trump, Wall Street and Stocks
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Wall Street is bracing for a wild ride Thursday after President Donald Trump unveiled a range of sweeping tariffs against some of America’s biggest trading partners.
From New York Post
"It's our declaration of independence," Trump said at an event in the White House Rose Garden.
From Reuters
Higher prices in the UK could also "prompt workers to demand higher wages", which would further raise costs for businesses, according to Ahmet Ihsan Kaya, principal economist, at the National Institu...
From BBC
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The White House played down concerns on Wall Street about President Trump’s reciprocal tariffs. “The President wants to ensure that all Americans make out well, particularly Main Street–that's the focus of these tariffs,
Wall Street firms are warning that the risk of the U.S. economy falling into a recession are rising as President Trump's tariff plans could lead to an escalation of the trade war.
As Wall Street heads into a new quarter, a flurry of President Donald Trump’s tariffs are set to go into effect. That has traders on edge and has helped put US stocks on track for their worst ...
A survey that includes Goldman Sachs, JPMorgan and Morgan Stanley showed predictions that include declines of more than $3 per barrel for Brent and WTI.
As Jamie Cox, a managing partner at Harris Financial Group, pointed out, "Markets hate the tariff uncertainty, especially when it pertains to autos. Autos are ground zero for the negative economic impacts of tariffs.
Barclays strategists slashed their S&P 500 price target by more than 10% Wednesday, citing the potential for tariffs to cause a “material slowing” in economic activity.
Several trading desks warn that the S&P 500, sitting at about 5,600, has more room to fall. Bank of America Corp.’s John Tully said the US benchmark could fall below 5,500, while a recent note from UBS Group AG said the stock gauge could drop to 5,400 if the White House implements 20% tariffs.
Listen below or on the go on Apple Podcasts and SpotifyThe following is an abridged transcript:It’s not often that something can dwarf the jobs report
U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek.