The word ‘Recession’ keeps getting heard louder and LOUDER….
We’re ALSO a few days out from a possible partial US Government shutdown …
The President of America says he don’t give a Shit if people are losing their jobs, prices are climbing and things ARE Chaotic in the news Every Day?
Wall Street….
Trump said in an interview broadcast Sunday that it will take “a little time” before Americans see a payoff from his policies. But the same day, Commerce Secretary Howard Lutnick told NBC’s “Meet the Press” that there was no need to brace for a recession.
“I hate to predict things like that,” Trump said. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of, it takes a little time.”
The president’s comments come as Wall Street has grown increasingly concerned that his tariff policies could disrupt economic growth.
In a sign of increased volatility, the CBOE volatility index, known as Wall Street’s “fear gauge,” jumped nearly 13 percent by midmorning.
The Trump administration imposed 25 percent tariffs last week on imports from Canada and Mexico before pausing the tax a few days later for goods covered under the U.S.-Mexico-Canada Agreement. It was the second time the White House imposed stiff tariffs only to reverse course days later, leading to wild ups and downs on Wall Street.
Though the February jobs report released Friday showed solid hiring despite massive layoffs among federal workers, some analysts are worried that economic growth could slow in the coming months. Last week, both Goldman Sachs and JPMorgan Chase downgraded their forecasts for first-quarter economic growth, citing tariffs and broader uncertainty surrounding the Trump’s administration’s economic policies….
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Growing economic worries: Stock markets around the world fell on Monday, a day after President Trump did not rule out the possibility that his aggressive trade policies aimed at crucial economic partners could cause a recession this year. Mr. Trump’s trade war with China intensified on Monday as Beijing began imposing retaliatory tariffs on a range of American farm products. The S&P 500 was down more than 2 percent at midday….
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Tesla stock troubles….
Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on.
In midday trading, the electric-car maker’s shares were down more than 11 percent for the day, and more than 50 percent from a mid-December peak. The day’s loss far outstripped the 2 percent drop in the S&P 500.
The steep rise in Tesla shares that followed Donald J. Trump’s election as president, and Mr. Musk’s appointment as de facto government cost-cutting czar, has evaporated along with more than $700 billion in stock market value.
Investors had hoped that Mr. Musk’s financial support for the Trump campaign and his ties to the White House would benefit Tesla, helping to clear regulatory hurdles to the company’s autonomous driving technology.
Instead, Mr. Musk’s ubiquitous presence in Washington has proved to be a liability….
World Trading markets….
Global stock markets fell on Monday as investors worried about economic growth, the destabilizing effect of tariffs and President Trump’s refusal to rule out that his policies could cause a recession. Futures for the S&P 500 index fell more than 1 percent this morning, suggesting that the sharp losses that rocked U.S. stock markets last week were set to continue.
Reporting from London
As they have in recent weeks, investors looking for safe havens opted for bonds, pushing down the 10-year U.S. Treasury yield in early trading….
Market off 1.000 points