Trump Crashes the Stock Market
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https://insideevs.com/news/755849/politics-tariffs-auto-industry-chill/?fbclid=IwY2xjawJiSTpleHRuA2FlbQIxMQABHvL6HL5MBDYd 5ocLu4vYpCVnWi3_IqEaOVdVHo5Ly0JAy-FozaZ2InUdQmZp_aem_qkSyHtljLaAE_Hx5IjT2QQ
The Auto Industry Is Begging Politicians To Get Along Plus, Musk spats with Trump administration over tariffs and Nissan considers reversing course on U.S. production slowdown.
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The US stock market tumbled deeply into the red on Thursday as the White House clarified its plan for a massive 145% tariff on China, escalating a trade war.
The Dow, after rising nearly 3,000 points Wednesday, had a volatile day in the red on Thursday. The blue-chip index fell 1,015 points, or 2.5%, pulling back after tumbling as much as 2,100 points midday.
The S&P 500 fell 3.46% and the Nasdaq Composite slid 4.31%.
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Wow More Great News from the FU Trump Administration
Investors are set to cut their exposure to US stocks to record high levels as global growth expectations have fallen to 30-year lows this month.
A net 82 per cent of investors expect the global economy to weaken, down from 44 per cent in March, according to the most recent Bank of America global fund manager survey.
The survey, which was taken between 4-10 April, found that recession expectations have now reached their fourth highest level in 20 years, with 42 per cent of investors saying a recession is likely.
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Investors are set to cut their exposure to US stocks to record high levels as global growth expectations have fallen to 30-year lows.
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Stocks fell, with the Dow industrials dropping almost 1,000 points and on pace for their worst April since 1932, and the dollar hit fresh multiyear lows against the euro and other major currencies. Yields on longer-term Treasurys rose and gold surged to a fresh record high.
Markets are on edge about President Trump's tariff war as well as his threats to fire Fed chief Jerome Powell. Trump on Monday demanded lower rates in a post on social media, saying costs are trending downward and the economy could slow "unless Mr. Too Late, a major loser, lowers interest rates, NOW."
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It's official. The Dow Jones Industrial Average will close the week TEN PERCENT LOWER than it was when Joe Biden left office on January 20.
Here's to the dead-end Trumpers who still love and defend their guy, despite the fact that he has literally pissed away more than $11 trillion in shareholder value because of his malignant incompetence. They don't need to drop money in the collection plate this Easter Sunday - they've already given their tithes to the god they truly worship.
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