US markets collapse while Trump discards economic fears

CNBC will organize “Converge Live”, an opening event of thought leadership from March 12 to 13, 2025, in Singapore, where global business leaders, entrepreneurs, investors and key decision makers will discuss what it means to innovate and grow collaborating and sharing ideas in all industries.

The spectators can see the live broadcast of the event and listen to speakers, including the Vice Prime Minister of Singapore, Kim Yong Gan, the president of the Alibaba group, Joe Tsai, the founder of Bridgewater Associates, Ray Dalio, and the CEO, president and co -founder Marc Benioff and others here.

The government efficiency department led by Elon Musk claims to be rationalization of federal government expenditure. But so far he has sown confusion, with the Trump administration trying to refer to the employees he had said goodbye.

Doge is a distorted mirror of what is happening in the American economy. With the aim of promoting the national economy, the president of the United States, Donald Trump, is shooting a salvation from the policies, altering their course and causing collateral damage within the borders of the country. American markets, specifically, have been on a downward trajectory and were beaten on Monday.

Tariffs, according to Trump, are destined to protect US companies and punish business partners. But so far, it seems that the world’s largest economy is the one it suffers.

Sad day in the markets
US actions experienced a defeat on Monday As fears of a recession they caught investors. He S&P 500 2.7%fell, the Dow Jones industrial lost 2.08% and Nasdaq compound 4% sank in its worst session since September 2022. Paneuropeo Stoxx 600 The index fell 1.29%. Germany Dax throw 1.69% as the preliminary data showed the The country’s exports fell 2.5% month to January.

Trump eliminates the concerns of the rate
President of the United States Donald Trump dismissed concerns expressed by companies that their tariff policies are uncertain. “They always say that. ‘We want clarity,” Trump said in a Fox News interview That was broadcast on Sunday. “They have a lot of clarity.” Asked If you think a recession is imminentTrump said: “I hate to predict things like that.” Later, Trump said: “Look, we will have an interruption, but we agree with that.”

Automobile manufacturers get one month
Automobile manufacturers Volkswagen and Stellantis have confirmed that their Vehicles made in North America will be exempt For a month of Trump’s 25% rates in Canada and Mexico. However, BMW He said he will face the levies. Separately, the United States could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other resourcesThe US Secretary of Energy, Chris Wright, said Monday.

Problems in Tesla, X
Tesla The shares gave more than 15% on Monday for their Worse day since September 2020. Extend the Seven consecutive weeks in redHis longest loser streak since he debuted at Nasdaq in 2010. Elon Musk, CEO of Tesla and head of the United States Government Efficiency Department, he said in a Fox interview on Monday that he directs his businesses “With great difficulty. “ Musk Social Network Platform X experienced several interruptions The same day.

(PRO) The revitalized China technological scene
Chinese technology companies ran to launch new products in a week that saw Beijing duplicate their calls to support artificial intelligence. Analysts think that innovation in the China’s sector is accelerating, which benefit several suppliers involved in technology infrastructure.

Trump ‘A chaos and confusion agent’, economists warn, but a recession of the United States is not yet in the letters

Global market volatility and geopolitical turbulence following the return of President Donald Trump to the White House have led to warning that the economy of the United States could go to a recession, but economists say that a recession is not yet in the letters.

“I do not think we are talking about a recession of the United States. The US economy is resistant, I would say that, in large part despite Donald Trump,” Holger Schmieding, Berenberg Bank chief economist, said Brenberg Bank, on Monday to the “CNBC Squawk Europe.”

“American consumers have money to spend, (and) probably.