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"Today, the stock market dropped dramatically upon news that Trump intended to go through with his tariffs. The Dow Jones Industrial Average dropped 650 points, down 1.48%. The S&P fell 1.76%, and the Nasdaq Composite, which focuses on technology stocks, fell 2.64%."
~ Heather Cox Richardson
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/1
"Also today, the Federal Reserve Bank of Atlanta forecast a dramatic contraction in the economy in the first quarter of 2025. Evaluating current data according to a mathematical model, it moved from an expected 2.9% growth in gross domestic product at the end of January to –2.8% today."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/2
"Donald Trump’s introduction of his long-threatened 25 percent trade tariffs on Mexico and Canada has caused global stock markets to drop sharply, with the Dow Jones, S&P 500 and Nasdaq all falling."
~ Oliver O'Connell, Joe Sommerlad, Ariana Baio
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/3
"The unease has already led to warnings that the U.S. could be heading for recession, with the Atlanta Fed’s GDPNow model estimating real GDP growth for the first quarter of 2025 at -2.8 percent, down from +3.9 percent just four weeks ago."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/4
"Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."
~ Wall Street Journal
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/5
https://www.wsj.com/opinion/trump-takes-the-dumbest-tariff-plunge-5da57946
"Trump has created a climate of extreme economic uncertainty. And that’s really bad for the economy in the most fundamental way. If you’re tied to the global economy in really any way it’s hard to imagine you’d be making any big spending decisions at the moment. And that plays down to the consumer level. Meanwhile, the administration is at least trying to yank a lot of government spending out of the domestic economy."
~ Josh Marshall
"We assess that the Presidency has been captured by Vladimir Putin. Until we see proof otherwise, assume that Elon Musk, Donald Trump, and JD Vance are proxies for Putin, Xi, and their allies. China backs Russia fully.
Russia’s strategic goal is to dismantle the United States. They will pursue this through creating internal turmoil and dysfunction, trying to destroy the dollar and by 'ending' the Federal Reserve."
~ Dave Troy
"Trump is killing the economy, reducing the U.S. government to rubble, and destroying our relationships with our allies. Putin may love it, but it’s a catastrophe for us and much of the rest of the world."
~ Robert Reich
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/8
https://robertreich.substack.com/p/democrats-wake-the-hell-up
"They want us broke. That means they want a recession, a depression, economic tumult. They want mass unemployment. They want the stock market to collapse. They want us to go broke struggling to pay our bills."
~ Greg Olear
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/9
https://gregolear.substack.com/p/sotu-stfu-how-the-opposition-party
"The newspapers this morning all contain analysis pieces trying to explain why Trump is imposing 25 percent tariffs on Canada and Mexico. You can see the writers struggling, because this is a profoundly self-destructive move — it will impose huge, possibly devastating costs on U.S. manufacturing, while significantly raising the cost of living — without any visible justification."
~ Paul Krugman
#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/10
https://paulkrugman.substack.com/p/trump-hates-canada-for-its-decency
"Yet the conventions of mainstream journalism make it hard to say directly that the president’s actions are just vindictive and senseless. …
I don’t know how this ends. But U.S. voters will soon be feeling real pain, and I very much doubt that it will end in a Trump victory."
#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/11
"Bloomberg reported that the tariffs on Canada and Mexico are likely to make US car prices rise by as much as $12,000, since so many parts and pieces of vehicles are manufactured at plants in those countries. In his remarks today, Trump said the manufacturers are just going to have to move all their plants to the US."
~ Ron Filipkowski
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/12
https://www.meidasplus.com/p/today-in-politics-bulletin-83-3325
"The Federal Reserve of Atlanta came out with a prediction this morning that the first quarter of growth in the United States would be negative, negative 1.5. That's down from 2.8 positive growth just a month ago. That's all the time it took Donald Trump to wreck this economy. I can't sugarcoat this."
~ Jen Rubin
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/13
https://contrarian.substack.com/p/jen-rubin-addresses-the-halting-of
@wdlindsy@toad.socialAs Jen Rubin also notes, what Trump is doing to tank the economy has to be set beside his attack on Ukraine and NATO, which says,
"The message to Moscow is do what you will with Ukraine. We'll deliver them on a silver platter."
Ripping apart the federal government and tanking the economy serves no one better than it serves Vladimir Putin. These are dots that need to be connected.
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/14
"On Monday, while President Trump talked about his tariffs, Fox News showed him speaking even as a graphic in the corner displayed the markets sliding. That said it all: No matter how much boasting he does about the economy, the actual metrics are getting worse—and the public knows it."
~ Greg Sargent
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/15
https://newrepublic.com/article/192262/trump-hit-brutal-fox-news-graphic-tariffs-bad-polls-land
"Encouraged by the cheers of his sycophants, empowered by the silence of his enablers, Donald Trump took another step yesterday down the dishonorable and dangerous path of betraying Ukraine and siding with Vladimir Putin."
~ William Kristol
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/16
https://www.thebulwark.com/p/trump-putin-zelensky-veterans-hospital-eggs-tariffs-canada
"And there will be further steps. The administration’s cutoff of aid to Ukraine will surely be followed by further attempts to isolate President Volodymyr Zelensky and further weaken Ukraine."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/17
"Coincidentally, the same day Trump said tariffs on Canadian and Mexican goods would go ahead, a story broke that his administration is seeking to ease sanctions on Russia. After appeasing the bear, he has decided to drive his car into the moose. All of us are about to find out what happens next."
~ Martyn Wendell Jones
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/18
https://www.thebulwark.com/p/trump-putin-zelensky-veterans-hospital-eggs-tariffs-canada
"It was a perfect encapsulation of the chaos that Trump has wrought. As he announced yesterday that he was going to proceed with 25 percent tariffs against Canada and Mexico and hike another 10 percent on China, a widget on the Fox Network showed the Dow Jones crashing in response."
~ Jay Kuo
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/19
"You know what? Elon Musk did say before the election that he was going to inflict pain on the American people. So I guess in that regard, a promise is made, a promise is kept from this administration because people are feeling the pain."
~ Ben Meiselas
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/20
https://www.meidasplus.com/p/meidas-pod-on-trump-tanking-economy
"Assuming that the past six weeks are predictive of what’s next, expect an age of anxiety; expect the elimination of tens, if not hundreds, of thousands of jobs; expect the decimation of liberal institutions to go on for all four years of Trump’s second term; expect government services to deteriorate; expect reduced funding of the safety net; and expect more homelessness, hunger and disease."
~ Thomas B. Edsall
"Expect poverty; expect the financial starvation of universities and of nongovernmental organizations; and expect unannounced raids, unreliable data and an America increasingly aligned with authoritarians worldwide. Expect a pervasive climate of suspicion and a preoccupation with revenge. Expect more suffering, more fear, less security and less happiness.
In other words, expect the worst."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/22
"If any Trump action appears to be a mystery, 'this helps Putin' is usually the answer. Coincidentally, the White House is also reportedly working to lift some Russian sanctions, at the same time it punishes our biggest trade partners."
~ Marcie Jones
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/23
https://www.wonkette.com/p/happy-hunger-games-here-come-more
Welp, Trump will FAFO.
@wdlindsy It's very hard to dismiss the claims that the guy beholdened to Putin.
@wdlindsy We don't have and can't afford the kind of insulation he enjoys from the real world.
He's never had to live in the same world as the rest of us.
@wdlindsy It's one thing when Putin is able to install leadership in a country that used to be part of the USSR, something else that he installed one here. Shame on us!
@carfreesince93 @wdlindsy well Russia and the USA spent the entirety of the post war period trying to do just that in South, and central America, the middle east and most of asia, so why a surprise>?