Business/Markets/Stocks/Economics Random, Random

[ti-amie]

EU dismisses US demands on food standards and ties to China
EU standards on food health and safety will never be part of the negotiation ‘with the US or anyone else’, European Commission says

https://www.irishtimes.com/politics/202 ... -to-china/

[ti-amie]

This is what started the turbulence today

Financial Times
‪@financialtimes.com‬

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Nvidia said its H20 chips, already tailored to comply with existing curbs, would now require a special licence after Washington said they could be used in 'a supercomputer in China'. www.ft.com/content/66e6...

[ponchi101]

The market already factored in the tariffs. I don't think we will see any more wild fluctuations until he says something really stupid again.

US Markets

SYMBOL PRICE CHANGE %CHANGE
DJIA
39,669.39 -699.57 -1.73
NASDAQ
16,307.16 -516.01 -3.07
S&P 500
5,275.7 -120.93 -2.24

I stand by what I said.
Because the WH said something really stupid later in the day (your post about China needing to call them).

[ti-amie]

Today's US markets

SYMBOL PRICE CHANGE %CHANGE
DJIA
39,142.23 -527.16 -1.33
NASDAQ
16,286.45 -20.71 -0.13
S&P 500
5,282.7 +7 +0.13

[ti-amie]

Josh Marshall
‪@joshtpm.bsky.social‬

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Remember, this is actually the end of the story. The rest is illegal.

[ti-amie]

Carl Quintanilla‬ ‪@carlquintanilla.bsky.social‬
·
2h

[ti-amie]

Global investors are dumping a record amount of American stocks

Danielle Kaye of the New York Times reports on a recent Bank of America survey that shows global investors have dumped a record amount of U.S. stocks in the past two months. Trump insists that the U.S. has been bringing in $2 billion a day in tariffs, some of which he claims comes from his new levies, but, in fact, Lori Ann LaRocco of CNBC reported today that U.S. Customs and Border Protection says the U.S. is taking in only $250 million a day.

Leila Fadel of NPR reports that China used to buy more than half the U.S. crop of soybeans and now soybean farmers are gravely concerned they’re going to lose that market. At the same time, we are heading in the prime months for the U.S. tourism industry, and Bloomberg reports that a worst-case scenario by the Goldman Sachs Group Inc. estimates that the U.S. could lose almost $90 billion as foreign tourists stay away from the U.S. and boycott American products.

https://www.marketwatch.com/story/fund- ... s-807e3119

[ti-amie]

[ti-amie]

Today's ( 4/21/2025) US market closing numbers.

DJIA
38,170.41 -971.82 -2.48
NASDAQ
15,870.9 -415.55 -2.55
S&P 500
5,158.2 -124.5 -2.36

[ti-amie]

The Japanese have just been in Washington. Their experience apparently was they went to talk to the American leadership on this matter, and the American leadership said 'what are you offering?' And the Japanese said 'well, what is it that you want?' And the Americans could not explain what they wanted.'

https://www.forexlive.com/news/japan-ke ... -20250421/






Keep in mind that the Japanese make fun of themselves for their overly polite culture. They never speak this bluntly about anything.

[ti-amie]

Carl Quintanilla‬ @carlquintanilla.bsky.social‬
· 2h
A downright creepy afternoon note from JPM:

“.. It is VERY quiet on our desk .. I can get behind buying high volume panic, but that is not this... this is a continued flight from USD denominated assets and no measure of retail flow, mutual fund flow or prime data will tell you when / if to buy.”




"The average trade deal takes 18 months to negotiate and 45 months to implement"

[ti-amie]

[ti-amie]

If Trump actually goes ahead and fires Jerome Powell — a man he appointed — the financial credibility of the United States will evaporate in five minutes. We’re not talking about a bad situation anymore, we’re talking about something outright dangerous.

The independence of the Federal Reserve is a fundamental pillar for maintaining inflation expectations (2% target) and labor market stability. Without it, markets lose trust, rates could spike uncontrollably, and the dollar’s status as a reserve currency might start to crumble.

What’s even more alarming is how little Trump seems to understand — not only about trade, where his ideas are already widely discredited, but even about basic economic expectations. He cites energy prices as a sign of lower inflation, completely ignoring the medium- and long-term expectations, which are clearly pointing toward a reemergence of inflationary pressure.

The idea that the Fed should be punished or politicized based on short-term price fluctuations is not just wrong — it’s borderline suicidal for an advanced economy. You can’t run a country like a casino. And this time, if he pushes through with this, the entire global financial system will take notice.

[ti-amie]

Carl Quintanilla
‪@carlquintanilla.bsky.social‬
WSJ EDITORIAL BOARD: “.. Trump thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth. The Trump tariffs are the biggest economic policy mistake in decades ..”

@wsj.com

www.wsj.com/opinion/dona...

[ti-amie]

Bloomberg News‬
‪@bloomberg.com‬
· 8m
Gold rose to an all-time-high, after concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar

Paywalled

https://www.bloomberg.com/news/articles ... t=business