US President Donald Trump is pumping his grip after getting rid of the first air force upon arrival at West Palm Beach, Florida, United States, March 7, 2025.
Kevin Lamark Reuters
CNBC will host “Convert Live”, a leadership event for the opening thought from 12 to 13 March 2025, in Singapore, where global business leaders, businessmen, investors and major decision makers will discuss innovation and growth through cooperation and participation of ideas through industries.
Viewers can see the direct broadcast of the event and listen from the speakers including Deputy Prime Minister of Singapore Kim Yong Gan, President of the Albaba Joe Tsey Group, founder of Bridgers Associated Ray Dalio, CEO of SalesForce, President, and co -founder Marc Benioff and others here.
The Ministry of Government Efficiency, which is led by Elon Musk, claims to simplify the spending of the federal government. But it has so far signed a confusion, as the Trump administration is trying to reaffirm the employees she had previously launched.
Dog is a distorted mirror of what is happening in the American economy. In order to strengthen the local economy, US President Donald Trump shoots policies from policies, changing its path in the middle of the trip and causing side effects within the country's borders. Specifically, the American markets were on a declining path and were severely struck on Monday.
Definitions, according to Trump, aim to protect American companies and punish commercial partners. But so far, it seems that the largest economy in the world is suffering.
What you need to know today
A bleak day in the markets
American stocks witnessed the defeat of the two As fears of the recession, it captured the investors. the S & P 500 2.7 % decreased, and Dow Jon's industrial average Loss 2.08 % and Nasdak 4 % drowned in its worst session since September 2022. On Monday, the White House reduced the stagnation of the market, saying it was so It is not “meaningful” like commercial activity. Asia and Pacific markets fell on Tuesday. Japan Nikki 225 About 1 % decreased amid a weaker offer of it GDP in the fourth quarter.
Trump carries out concerns
US President Donald Trump The separate concerns that companies have expressed His definition policies are unconfirmed. Trump said in a Fox News interview It was broadcast on Sunday. “They have a lot of clarity.” to request Whether it is believed that the recession is imminentTrump said, “I hate to predict things like that,” Trump said. Later, Trump said, “Look, we will have a disorder, but we are well.”
Promoting consumption in China
Last week, Chinese policy makers doubled in support of the Consumer Trade Program to 300 billion yuan (41.47 billion dollars) this year. While Beijing refrained from providing cash bulletins, government officials were Emphasizing the importance of consumer consumption To enhance the country's economy. During, Chinese investors conclude shares. The China -Chinese -Chinese purchases of Hong Kong shares amounted to a record of $ 29.62 billion, Hong Kong ($ 3.81 billion) on Monday, according to the wind information database.
Auto industry companies get one month's comfort
Car manufacturers Volkswagen and Stelantis They confirmed that they Vehicles made in North America will be exempted For a month of Trump's tariff by 25 % on Canada and Mexico. but, BMW He said he will face the drawings. Separately, the United States can reach an agreement with Canada to avoid Customs tariffs on oil and gas imports and other energy resourcesUS Energy Minister Chris Wright said on Monday.
A problem with Tesla, X
Timing The shares fell more than 15 % on Monday The worst day since September 2020. The company extends Seven consecutive weeks in redThe tallest losing chain since its first appearance on the Nasdaq Stock Exchange in 2010. Elon Musk, CEO of Tesla and head of the US government competence, said in an interview with Fox on Monday that he runs his work.With great difficulty. “ Social media platform in Musk X suffered from several interruptions On the same day.
(Pro) The technical scene was activated in China
Chinese technology companies are racing to launch new products in a week that witnessed Beijing to call for artificial intelligence. Analysts believe that innovation in the artificial intelligence sector in China is accelerating, which would Many technology infrastructure suppliers are useful.
Finally …
US President Donald Trump is attending the White House encryption summit in Washington, DC, United States, March 7, 2025.
Evelyn Hakstein Reuters
The volatility of the global market and geopolitical turmoil in the wake of President Donald Trump's return to the White House has caused warnings that the American economy could tend to stagnate – but economists say that a contraction is not yet on cards.
“I don't think we will talk about an American stagnation. The American economy is very flexible, despite Donald Trump,” said Holgger Schmiding, chief economist at Burnberg Bank.
“American consumers have money to spend, (and) most likely will do it. The US labor market is still reasonably fixed, and with low energy prices a little and possibly some tax cuts and disruption, I don't think there is an imminent danger to stagnation,” according to Schmied.
