⁠The Kobeissi Letter
BREAKING: CNBC is reporting that headlines of President Trump considering a tariff pause are FALSE.

S&P 500 -$2 trillion over the last 10 minutes. https://t.co/b9H3UwOEDK
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⁠The Kobeissi Letter
BREAKING: The White House says it is "unaware" of the 90-day tariff pause being attributed to White House Advisor Hassett.

The S&P 500 just swung a total of $7 TRILLION of market cap in 30 minutes.

What is happening here?
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⁠The Kobeissi Letter
BREAKING: The White House says the 90-day tariff pause headlines are "fake news."

Down we go.
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⁠Quiver Quantitative
BREAKING: No one at the White House is aware of Trump considering a tariff pause, per CNBC.

It appears that the reports were greatly exaggerated.
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⁠Investing visuals
BREAKING (1): Trump considering 90 days tariffs pause

BREAKING (2): CNBC, no one at the white house is aware of that.

Market: https://t.co/zlqsjAcDKh
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⁠The Kobeissi Letter
What just happened?

At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause."

At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.

By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.

At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.

At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.

At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."

By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.

Never in history have we seen something like this.
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⁠The Kobeissi Letter
BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS
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⁠The Kobeissi Letter
BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.

Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set to go live April 9th.

BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: President Trump says all talks with China concerning requested meetings with the US will be terminated.
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⁠Investing visuals
We just witnessed an historic event.

In 22 minutes, we saw a $5 TRILLION market swing triggered by a headlines. https://t.co/kskEafgUDZ
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⁠The Kobeissi Letter
We are currently witnessing one of the craziest days in stock market history.

April 7th, 2025 will be a date referenced for years to come.
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⁠Investing visuals
TRUMP:

“We will increase our tariffs on China to 50% on April 9th if China does not withdraw its 34% retaliatory tariffs.”

Markets down 🔻-2% again. https://t.co/0YXgVDW6Ol
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