TREASURY SECRETARY BESSENT: MEXICO AND CANADA INCLUDED IN 10% TARIFF
Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't Understand Trump's Maximum Level Tariffs
Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position. He told me strategy on Sunday.
Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't Understand Trump's Maximum Level Tariffs
Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position. He told me strategy on Sunday.
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Trump on the markets: "Up 2500 points. Nobody has ever heard of it. Gotta be a record."
Trump: I put a pause on Tariffs because people were jumping out of line; They were getting a little bit yipee. Little bit afraid. I have reversed tariffs for a short period of time.
Trump: Nothing's over yet but countries want to make deals; A Deal Could Be Made With Everyone, It has to be fair for US
Trump: Tariffs working out maybe faster than I thought
Trump: will look at exempting some US companies from tariffs
Trump: I am using instinct on such decisions, you have to have flexibility
Trump: I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. But, I saw last night where people were getting a little queasy
Update: Trump expected to hold cabinet meeting on April 10.
Trump: I put a pause on Tariffs because people were jumping out of line; They were getting a little bit yipee. Little bit afraid. I have reversed tariffs for a short period of time.
Trump: Nothing's over yet but countries want to make deals; A Deal Could Be Made With Everyone, It has to be fair for US
Trump: Tariffs working out maybe faster than I thought
Trump: will look at exempting some US companies from tariffs
Trump: I am using instinct on such decisions, you have to have flexibility
Trump: I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. But, I saw last night where people were getting a little queasy
Update: Trump expected to hold cabinet meeting on April 10.
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infinityhedge
TREASURY SECRETARY BESSENT: MEXICO AND CANADA INCLUDED IN 10% TARIFF Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't…
NO CHANGE TO CANADA, MEXICO TARIFFS: US OFFICIAL
*NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
*NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
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TRUMP: RECORD DAY ON STOCK MARKET SHOULD CONTINUE
*S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
*S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
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infinityhedge
NO CHANGE TO CANADA, MEXICO TARIFFS: US OFFICIAL *NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
WHITE HOUSE OFFICIAL: 90-DAY 'PAUSE' ON TARIFFS DOES NOT APPLY TO TARIFFS ON CANADA, MEXICO; 25% TARIFF ON NON-USMCA TRADE WITH CANADA, MEXICO TO REMAIN IN EFFECT, EXCEPT FOR 10% TARIFF ON ENERGY AND POTASH
WHITE HOUSE OFFICIAL: TARIFFS ON STEEL, ALUMINUM, AUTOS TO ALSO REMAIN UNCHANGED
WHITE HOUSE OFFICIAL: TARIFFS ON STEEL, ALUMINUM, AUTOS TO ALSO REMAIN UNCHANGED
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infinityhedge
S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
TRUMP: DIDN'T KNOW TARIFF PAUSE WOULD HAVE THAT IMPACT ON MARKET
Trump: "The biggest increase in the history of the stock market. That's pretty good. If you keep going, you're gonna be back to where it was four weeks ago."
TRUMP: SECTORAL TARIFFS STILL COMING
TRUMP: GOING TO PUT TARIFFS ON PHARMA COMPANIES
TRUMP: I 'CAN'T IMAGINE' FURTHER INCREASE OF TARIFFS ON CHINA
Trump: "I can't imagine it, No, I don't think we'll have to do it more. We, you know, we calculated it very carefully"
Trump: "The biggest increase in the history of the stock market. That's pretty good. If you keep going, you're gonna be back to where it was four weeks ago."
TRUMP: SECTORAL TARIFFS STILL COMING
TRUMP: GOING TO PUT TARIFFS ON PHARMA COMPANIES
TRUMP: I 'CAN'T IMAGINE' FURTHER INCREASE OF TARIFFS ON CHINA
Trump: "I can't imagine it, No, I don't think we'll have to do it more. We, you know, we calculated it very carefully"
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infinityhedge
*US FEB. CONSUMER PRICES RISE 0.2% M/M; EST. +0.3% FEB. CORE CPI RISES 3.1% Y/Y, EST. +3.2% *US FEB. CORE CPI RISES 0.2% M/M, EST. +0.3% *US FEB. CONSUMER PRICES RISE 2.8% Y/Y; EST. +2.9%
US CPI MOM ACTUAL -0.1% (FORECAST 0.1%, PREVIOUS 0.2%)
US CPI YOY ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.8%)
US CORE CPI YOY ACTUAL 2.8% (FORECAST 3%, PREVIOUS 3.1%)
US CORE CPI MOM ACTUAL 0.1% (FORECAST 0.3%, PREVIOUS 0.2%)
US INITIAL JOBLESS CLAIMS ACTUAL 223K (FORECAST 223K, PREVIOUS 219K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.850M (FORECAST 1.884M, PREVIOUS 1.903M)
*Atlanta Fed Barkin doesn’t see the impact of tariffs showing up until June as firms first run down existing inventories.
*Amazon CEO on Tariffs: We have done some strategic forward inventory buys; Thinks sellers will pass cost on to customers.
*Apple chartered cargo flights to ferry 600 tons of iPhones/1.5M iphones to US from India to beat tariffs.
US CPI YOY ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.8%)
US CORE CPI YOY ACTUAL 2.8% (FORECAST 3%, PREVIOUS 3.1%)
US CORE CPI MOM ACTUAL 0.1% (FORECAST 0.3%, PREVIOUS 0.2%)
US INITIAL JOBLESS CLAIMS ACTUAL 223K (FORECAST 223K, PREVIOUS 219K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.850M (FORECAST 1.884M, PREVIOUS 1.903M)
*Atlanta Fed Barkin doesn’t see the impact of tariffs showing up until June as firms first run down existing inventories.
*Amazon CEO on Tariffs: We have done some strategic forward inventory buys; Thinks sellers will pass cost on to customers.
*Apple chartered cargo flights to ferry 600 tons of iPhones/1.5M iphones to US from India to beat tariffs.
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infinityhedge
*TRUMP RAISES TARIFFS ON CHINA TO 125% EFFECTIVE IMMEDIATELY
US TARIFFS ON CHINA NOW AT LEAST 145% AFTER LATEST HIKE
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TRUMP THREATENS ADDITIONAL TARIFFS, SANCTIONS ON MEXICO OVER WATER RIGHTS
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CHINA TO INCREASE TARIFFS ON US GOODS TO 125% FROM 84% EFFECTIVE APRIL 12
CHINA: WILL IGNORE US IF IT KEEPS IMPOSING TARIFFS FURTHER (Earlier Trump said "I Can't Imagine Further Increase of Tariffs on China")
*CHINA: IT NO LONGER MAKES ECONOMIC SENSE IF US IMPOSES MORE TARIFFS; IF US INSISTS ON CONTINUING TO SUBSTANTIALLY INFRINGE UPON CHINA'S RIGHTS, INTERESTS, CHINA WILL RESOLUTELY COUNTERATTACK AND FIGHT TO THE END
CHINA: WILL IGNORE US IF IT KEEPS IMPOSING TARIFFS FURTHER (Earlier Trump said "I Can't Imagine Further Increase of Tariffs on China")
*CHINA: IT NO LONGER MAKES ECONOMIC SENSE IF US IMPOSES MORE TARIFFS; IF US INSISTS ON CONTINUING TO SUBSTANTIALLY INFRINGE UPON CHINA'S RIGHTS, INTERESTS, CHINA WILL RESOLUTELY COUNTERATTACK AND FIGHT TO THE END
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infinityhedge
The Week Ahead: Mon/31: *AI: Midjourney V7 release Tue/01: April Fool’s Day *GameStop’s $1.3B convertible notes sale expected to close Wed/02: *Trump’s Tariff ‘Liberation Day’ (reciprocal tariffs); Canada, China, EU is set to impose retaliatory tariffs;…
The Week Ahead | @infinityhedge
Mon/14:
•Trump to provide details on Semiconductor tariffs
•Saylor expected to announce BTC purchase
•FTC vs Meta Trial: It could force meta to unwind its acquisition of WhatsApp & Instagram
•Katy Perry & five other women incl. Bezos's fiancée are set to blast into space on Blue Origin rocket at 14:30 BST
Tue/15: Tax Day
Wed/16:
•Fed Chair Powell Speaks at 13:30 ET
•WTO to release global trade forecasts
Fri/18: Good Friday: markets closed
Sat/19: Protests against Trump and his policies all over the U.S.
WHOLE WEEK:
•Trump Tariffs, More Details
•Bank Earnings
•OpenAI‘s Announcement Week: New Models, Might Open Source some Model
Reads and charts are in group
Mon/14:
•Trump to provide details on Semiconductor tariffs
•Saylor expected to announce BTC purchase
•FTC vs Meta Trial: It could force meta to unwind its acquisition of WhatsApp & Instagram
•Katy Perry & five other women incl. Bezos's fiancée are set to blast into space on Blue Origin rocket at 14:30 BST
Tue/15: Tax Day
Wed/16:
•Fed Chair Powell Speaks at 13:30 ET
•WTO to release global trade forecasts
Fri/18: Good Friday: markets closed
Sat/19: Protests against Trump and his policies all over the U.S.
WHOLE WEEK:
•Trump Tariffs, More Details
•Bank Earnings
•OpenAI‘s Announcement Week: New Models, Might Open Source some Model
Reads and charts are in group
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Earlier Today:
TRUMP: MARKETS VERY STRONG ONCE THEY GOT USED TO TARIFFS
TRUMP: NVIDIA'S ANNOUNCEMENT TO MANUFACTURE AMERICAN MADE AI SUPERCOMPUTERS IN US FOR FIRST TIME CAME BECAUSE OF THE ELECTION AND TARIFFS
TRUMP ON EXEMPTIONS: LOOKING AT HELPING CAR COMPANIES WITH TARIFFS, COMPANIES NEED A LITTLE BIT OF TIME; I'M A VERY FLEXIBLE PERSON. I DON'T CHANGE MY MIND, BUT I'M FLEXIBLE
TRUMP: CHINA, VIETNAM MEETING TO FIGURE OUT HOW TO HURT US
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*US STARTS CHIPS, PHARMA PROBE AHEAD OF PLEDGED TRUMP TARIFFS
------------------
Latest:
BESSENT: TARIFFS ON CHINA ARE 'FAR FROM A JOKE'; TARIFFS ON CHINA ARE BIG NUMBERS, NO ONE THINKS THEY'RE SUSTAINABLE AND WANTS THEM TO REMAIN
US TREASURY SECRETARY BESSENT: THINKING ABOUT SUCCESSOR FOR FED'S POWELL, WILL START INTERVIEWING CANDIDATES IN THE FALL
BESSENT: THE VIX SPIKED, AND HAS LIKELY PEAKED
TRUMP: MARKETS VERY STRONG ONCE THEY GOT USED TO TARIFFS
TRUMP: NVIDIA'S ANNOUNCEMENT TO MANUFACTURE AMERICAN MADE AI SUPERCOMPUTERS IN US FOR FIRST TIME CAME BECAUSE OF THE ELECTION AND TARIFFS
TRUMP ON EXEMPTIONS: LOOKING AT HELPING CAR COMPANIES WITH TARIFFS, COMPANIES NEED A LITTLE BIT OF TIME; I'M A VERY FLEXIBLE PERSON. I DON'T CHANGE MY MIND, BUT I'M FLEXIBLE
TRUMP: CHINA, VIETNAM MEETING TO FIGURE OUT HOW TO HURT US
------------------
*US STARTS CHIPS, PHARMA PROBE AHEAD OF PLEDGED TRUMP TARIFFS
------------------
Latest:
BESSENT: TARIFFS ON CHINA ARE 'FAR FROM A JOKE'; TARIFFS ON CHINA ARE BIG NUMBERS, NO ONE THINKS THEY'RE SUSTAINABLE AND WANTS THEM TO REMAIN
US TREASURY SECRETARY BESSENT: THINKING ABOUT SUCCESSOR FOR FED'S POWELL, WILL START INTERVIEWING CANDIDATES IN THE FALL
BESSENT: THE VIX SPIKED, AND HAS LIKELY PEAKED
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CHINA ORDERS HALT TO BOEING JET DELIVERIES AS TRADE WAR EXPANDS
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BINANCE CRYPTO EXCHANGE DOWN DUE TO A TEMPORARY NETWORK INTERRUPTION IN THE AWS DATA CENTER
BINANCE: TO KEEP SAFE WE SUSPEND THE WITHDRAW SERVICE
MEXC EXCHANGE DOWN
KUCOIN EXCHANGE DOWN
RABBY WALLET DOWN
UPDATE: BINANCE: ALL SERVICES ARE STARTING TO RECOVER AND RESUME. WITHDRAWALS HAVE ALSO REOPENED
BINANCE: TO KEEP SAFE WE SUSPEND THE WITHDRAW SERVICE
MEXC EXCHANGE DOWN
KUCOIN EXCHANGE DOWN
RABBY WALLET DOWN
UPDATE: BINANCE: ALL SERVICES ARE STARTING TO RECOVER AND RESUME. WITHDRAWALS HAVE ALSO REOPENED
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EU EXPECTS US TARIFFS TO REMAIN AS TALKS MAKE LITTLE PROGRESS
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WHITE HOUSE: BALL IS IN CHINA'S COURT; CHINA NEEDS TO MAKE A DEAL WITH US; WE DON'T HAVE TO MAKE A DEAL WITH THEM
WH: "There’s no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have — the American consumer — or to put another way, they need our money"
WH: "There’s no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have — the American consumer — or to put another way, they need our money"
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infinityhedge
GOLD HITS RECORD HIGH, RISES TO $3,100
GOLD HITS RECORD HIGH, RISES TO $3,300
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POWELL: ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED
POWELL: INFLATIONARY EFFECTS OF TARIFFS MAY BE MORE PERSISTENT
POWELL: INFLATIONARY EFFECTS OF TARIFFS MAY BE MORE PERSISTENT
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