Recession anxiety, tariffs, the Fed and Trump tweets shook markets.
with China likewise contributed to markets’ malaise, and Friday morning’s gains were erased after Trump demanded that UPS, FedEx and Amazon search for alternatives to China.
It’s unclear what real authority Trump actually has to force the companies to divert their China business.done by Federal Reserve chairman Jerome Powell’s Friday speech— markets had turned positive after he hinted at possible forthcoming interest rate cuts, but dropped after Trump’s tweets.“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump tweeted Friday, in a display of his war at home and abroad.
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