CNBC Daily Open: The S & P 500 joins the nasdaq in correction territory

After Chiursday’s Sell-off, The S & P 500 has joined the nasdaq composite in correction territory, which is typical taken to mean a decline of 10% or more from a recent high.

Investors looking to distract themselves with a drink might, in fact, feel even more pain. Us President Donald Trump Threated to Impose a 200% Tariff on Alcoholic Products from European Union Nations, In Response to the Latter Lifting Its Prior Susepension on Levies

With Trump Remaining Adamant on tariffs despite the three-wheek market rout, that glass of champagne from france from might might lose some of its effervescent Quality and take on bitter notes.

Highlights of CNBC’s Converge Live
CNBC Hosted Converge Live In Singapore on Wednsday and Thursday. Highlights of Day 2 Include Former UK Prime Minister David Cameron Saying That Trump’s Approach to Peace in Ukraine is ‘very worrying’ for russia’s neighborsVeteran Singapore Diplomat Kishore Mahbubani Discussing The Possibility of the US Doing “a big trade deal” with chinaAnd Ferrari Ceo Benedetto Vigna Saying The Firm is Monitoring Trump Tarifs and “Doing Scenario PlanningCatch up on day 2’s action here,

Trump Threatens tariff retaliations
Us President Donald Trump Said Chiursday He Plans to put a 200% tariff on alcohol from france And other european nations. That’s in Response to the European Union Reinstating an important tax on American whiskey – which, along with california almonds and rearview mirrors from Michigan, will be among some of the Products Hardest Hit By The Eu’s TarifsAt an oval office meeting on Thursday, Trump said he’s “Not going to bend at all“On tarifs.

S&P 500 Slides Into Correction
Us markets ended chursday in the redThe S & p 500 Dropped 1.39% and is now 10.1% off its record close, putting it in correction territory. The Down jones Industrial Average Lost 1.3%, Its Fourth Straight Day Down, and the Nasdaq composite Fell 1.96%. The Pan-European Stoxx 600 Index Retreated 0.15%Shares of Pernod Ricard, Rémy cointreau and Davide campari Fell on trump’s threats to impose tariffs on alcoholic drinks from europe.

Flat ppi, but not all good news
The Us Producer Price Index was flat in FebruarySeasonally adjusted Figures from the Bureau of Labor Statistics Showed Chiursday, Lower Than the 0.3% Increase Expected in A Dow Jones Survey. Core PPI decreased 0.1%, also against an establish for a 0.3% Rise and the first negative reading sense july. However, The MUmed Consumer and Producer Price Reports for February might not necessarily be good news For the US Federal Reserve.

Russia’s mutated response to ceasefire deal
Moscow Agrees in Principle with the Us-Led Ceasefire Plan Backed by ukraine earlier this week, “but there are Issues that need to be discussed,“Russian President Vladimir Putin Said Thursday, According to an NBC Translation. A Us Delegation LED by Trump’s Special Envoy, Steve Witkoff, Arrived in Russia for Ceasefire Talks on Chiursday. Earlier indications from Russian Officials Sugged that the Country WAS hesitant on the deal,

(Pro) Recession fears not to blame: jpmorgan
Market Watches Have Cited Fears of an Economic Recession in the Us as a Catalyst for Stocks’ Horrid Run this Week. Jpmorgan thinks Something Else May Be the Culprit -And if the bank’s assessment is right, there may be a silver lining to the current sell-off.

Apple has big expansion plans in India – but trump’s tarifs could change that

Last Week, India’s Commerce Minister Piyush Goyal Went to Washington to Present Trade Concepts, Including Slashing Tariffs on Key Us Us Imports in the Hopes That India WOLLD CHE HOPES from washington’s reciprocal tarifs. However, Trump’s Trade Team does not seem to be budging, per sources close to new delhi.

The Technology Industry Stands to Lose – Particularly Apple, which manufactures rooughly 15% of its iphones in India, according to bank of america analyst estimates. Venugopal Garre, Bernsstein’s Head of India Research, BELIEVES That The Additional Cost of Tariffs will make Indian Electronics, Including the iphones manufactured in the country, Less compectivate computer Devices manufactured in other countries.