CNBC Daily Open: Us Markets Tumble as Trump Administration Dismisses Economic Fears and Stock Slump

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The Elon Musk-Led Department of Government Efficiency Claims to be streamlining the federal government’s spending. But it has so far to goodn confusion, with the trump administration attempting to rehire employees it had previously fired.

Dog is a distorted mirror of what’s happening in the us economy. Aiming to boost the domestic economy, us president donald trump is firing off a salvo of policies, altering the course of them mid-Flight and causing collectorate damage with the countery. Us markets, specifically, have been on a downward Trajectory and was hit hard on Monday.

Tariffs, according to trump, are meant to protect us businesses and punish trade partners. But so far, it seems that the world’s biggest economy is the one suffering.

Dismal day in the markets
Us stocks experienced a rout monday As Fears of a Recession Gripped Investors. The S & p 500 Dropped 2.7%, The Down jones Industrial Average Lost 2.08% and the Nasdaq composite Sank 4% in Its Worst Session Since September 2022. The white house on monday downplayed the market slump, say Not as “meaningful” as business activity, Asia-Pacific Markets also retreated tuesdayJapan’s’s Nikkei 225 Fell Around 1% AMID A Weaker-That-Expected Showing for Its Fourth-Quarter Gross Domestic Product,

Trump brushes off tarif concerns
Us President Donald Trump Dismissed Concerns Expressed by Businesses That his tariff policies are uncertain. “They Always say that.” We want Clarity, “Trump said in a Fox news interview That airade Sunday. “They have planty of clarity.” Asked Whather He Thinks a Recession is ImminentTrump said, “I hate to predict things like that.” Later, Trump said, “look, we’re going to have disrupt, but we’re ok with that.”

Boosting consumption in China
Chinese policymakers last week doubles subsidies for a consumer trade-in program to 300 billion yuan ($ 41.47 billion) This year. While beijing has refrained from providing cash Handouts, Government Officials Have Been Emphasizing the importance of consumer consumption to boost the country’s economy. Meanwhile, Chinese Investors are Snapping Up StocksNet Mainland Chinese Purchases of Hong Kong Stocks Hit A Record 29.62 Billion Hong Kong Dollars ($ 3.81 billion) on Monday, according to the wind information database.

Automakers Get One-Month Relief
Automakers Volkswagen and Steellantis Have confirmed that their Vehicles Made in North America will be exempt For a month from trump’s 25% tarifs on canada and mexico. However, Bmw Said it will face leaves. Separately, the US Cold Reach An Agreement With Canada That Avoids Tariffs on Imports of Oil, Gas and Other Energy ResourcesUs Energy Secretary Chris Wright said Monday.

Trouble at Tesla, x
Tesla Shares plunged more than 15% Monday for their Worst day since September 2020. It extends the company’s Seven Consecurave Weeks in the RedIts longest losing streak since debuting on the nasdaq in 2010. Elon Musk, CEO of Tesla and Head of the US Department of Government Efficiency, said in a fox intervieweday heis heis heis hesWith great different. “ Musk’s Social Media Platform X experience The same day.

(Pro) China’s Tech Scene Reinvigorated
Chinese tech companies rased to launch new products in a week that Saw Beijing DOWN DOWN on Its Calls to Support Artificial Intelligence. Analysts think that innovation in china’s ai sector is accelerating, which would Benefit Several Suppliers Invology in the Technology’s Infrastructure,

Trump ‘An agent of chaos and confusion,’ Economists Warn – but a us recession isn’t in the cards yet

Global Market Volativity and Geopolitical Turbulence in the wake of President Donald Trump’s Return to the White House Have LED to Warnings That The Us Economy Could Be Heading for A Recerations Downturn isn’t in the cards just yet.

“I don’t think we will talk about a Us Recession. The us economy is resilient, I would say, Largely Despite Donald Trump,” HOLGER SCMIEDING, CHIEF Economist at Breenberg Bank, TOLD CNBCS “Squawk Box Europe” on Monday.

“Us consumers have money to spend, (and) they probally will. The labor market in the US remain also firm, and with energy pristies comcoming down a bit and prabally some tax cuts and deregulation Think there’s an immignant recession risk, “according to schmieding.