The merchant works on the floor of the New York Stock Exchange (NYSE) at the opening of a bell in New York, March 10, 2025.
Charly triballeau | AFP | Getty Images
CNBC will host “Converge Live”, the inauguration event of the leadership in the thought leadership from March 12 to 13, 2025 in Singapore, where global business leaders, entrepreneurs, investors and key decisions will discuss what it means to innovate and grow cooperation and dividing ideas in all industries.
Viewers can watch live flow of events and hear from the speakers, including deputy Prime Minister Singapore Kim Yong Gan, Alibaba Group President Joe Tsai, Bridgewater Associates founder Ray Dalio and CEO of Salesforce, Chairman and co-founder Marc Benioff and others here.
The Government Efficiency Department led by Elona Musk claims to simplify the consumption of the Federal Government. But so far he has been calling for confusion, and Trump’s administration has tried to restart the employees he has previously fired.
Doge is a distorted mirror of what is happening in the American economy. The goal of increasing the domestic economy, US President Donald Trump shot Salva politics, changing the flow of them in the middle of the flight and causing collateral damage within the borders of the country. The markets on the United States, specifically, were on the trajectory and were strongly hit on Monday.
Tariffs, according to Trump, should protect US companies and punish trade partners. But so far it seems that the world’s largest economy is the suffering.
What you need to know today
Tumbal day in markets
US stocks experienced a route on Monday while the fear of recession caught investors. AND S & P 500 dropped 2.7%, Dow Jones industrial average lost 2.08% and Nasdaq composite Sfered 4% in its worst session of September 2022. Paneurophic Stoxx 600 The index fell 1.29%. German Dax shed 1.69% as preliminary data showed Earth exports fell 2.5% a month in January.
Trump removes tariff concern
US President Donald Trump released concerns expressed by companies that his tariff politics are uncertain. “They always say that.” We want clarity, “Trump said An interview with Fox News It was aired on Sunday. “They have an abundance of clarity.” Ask Whether it thinks the recession is inevitableTrump said, “I hate predicts such things.” Later, Trump said, “Look, we will have disorders, but we are fine with that.”
Car manufacturers get one -month relief
Car manufacturers Volkswagen and Stellantis have confirmed that their Vehicles made in North America will be exempted A month from Trump’s 25% tariff in Canada and Mexico. However, BMW He said he would face the billing. Separately, the US could reach an agreement with Canada that avoids Oil imports, gas and other energy resourcesSaid US Secretary for Energy Chris Wright on Monday.
Problems in Tesla, x
Tesla Shares have dived more than 15% on Monday The worst day of September 2020. Expands the company seven consecutive weeks in redHis longest loss from his debut on Nasdaq in 2010. Elon Musk, Executive Director of Tesla and the head of the US Ministry of Government, said in an interview with Fox on Monday to run his business “with great difficulty. “ The men’s platform of social media X has experienced several failures The same day.
[PRO] Chinese Technology Scene Reinforced
Chinese technology companies have ran to launch new products in the week in which Beijing doubled his calls for artificial intelligence. Analysts think that the innovation in Chinese AI sector is accelerated, what would They use several suppliers involved in technology infrastructure.
And finally …
US President Donald Trump participates in the White House cryptocurrency summit in the White House in Washington, DC, USA, March 7, 2025.
Evelyn Hockstein | Reuters
Volatility of the global market and the geopolitical turbulence, due to the return of President Donald Trump to the White House, led to a warning that the US economy could go into a recession – but economists say that the fall is not on the cards yet.
“I don’t think we’re talking about American recession. The American economy is resistant, I would say, mostly despite Donald Trump,” said Holger Schmieding, the main economist at Berenberg Bank, on Monday for CNBC “Squawk Box Europe”.
“We consumers have money for spending, [and] Probably will. The labor market in the US is reasonably firmly firmly firmly, but energy prices somewhat and there is probably some reduction in taxes and deregulation, I don’t think there is a immediate risk of recession, “Schmieding said.
