What a mess! So Trump signed EOs for tariffs. The reaction from Wall Street? It was a bloodbath.
www.independent.co.uk
And what do his tech billionaires and bros think?
It isn't working out so well for them.
Good news though: the Democratic party and friends are making their unhappiness heard. Rep. Cory Booker did a 25 hour speech in the House this week.
And Indivisible set up "Hands off" protests in about 1000 towns and cities. From their email:
St. Paul, MN
Ashville, NC
Salt Lake City, Utah
New York had about 100.000.
Here is video of Boston's protest
NewYork:
Stock markets today: Market closes week in bloodbath
Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan
www.independent.co.uk
The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan.
This marks the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day. Market-wide losses over the last two days now total a record-breaking $6.4 trillion, according to the Wall Street Journal.
Friday had already started badly for the Dow when it lost 1,000 points at the opening. The plunge just continued from there. The NASDAQ didn’t do better and ended the day with a loss of 962 points. That comes after the NASDAQ lost more than 1,000 points on Thursday during a historically bad day.
And what do his tech billionaires and bros think?
Yet so far, Trump is forging ahead with antitrust lawsuits aiming to rein in or break up Meta, Google, Amazon and Apple. He is pursuing a deal to keep Chinese social media competitor TikTok available in the United States. And now he has launched a global trade war that is already hitting tech firms, their investors, and the personal net worth of the leaders who courted his favor.
In the two days after Trump’s tariff was announced, Apple’s stock dropped 16 percent, Meta was down 14 percent and Amazon fell 13 percent. According to estimates from Bloomberg’s Billionaire Index, Tesla CEO Elon Musk personally lost $110 billion from his net worth so far this year, Amazon founder Jeff Bezos $37.6 billion and Meta CEO Mark Zuckerberg $18.6 billion. Bezos is the owner of The Washington Post.
It isn't working out so well for them.
Good news though: the Democratic party and friends are making their unhappiness heard. Rep. Cory Booker did a 25 hour speech in the House this week.
And Indivisible set up "Hands off" protests in about 1000 towns and cities. From their email:
St. Paul, MN
Ashville, NC
Salt Lake City, Utah
New York had about 100.000.
Here is video of Boston's protest
NewYork:
