Trump is going to evaporate golf like $ 5 trillion: WSJ front page highlights the US market unrest | Einsmark news

The US benchmark indices continued their downward run on Friday, with Wall Street’s fear level at a five-year peak amid Donald Trump’s announcement of new rates earlier this week and China with a 34 percent levy on all US imports. Trillions have been wiped out from the stock market values, as investors and economists have said they are afraid of the risk of recession ahead. US stock markets dropped by more than 10 percent within two days to Friday and deleted more than $ 5 trillion investors’ wealth after Trump unleashed its tariff war. A Wall Street Journal cover for Saturday/Sunday, Trump captured on the way to the golf course as the markets flourished. The drop was the worst week for Wall Street since March 2020 for the S&P 500, when the world was unexpectedly hit with the Covid-19 pandemic. The key index lost 6 percent after China’s move, despite a better -than -expected report on the US job market. Friday’s 6 percent drop in S&P 500 brought the index near the 7 percent lower circuit threshold that would have caused a 15 -minute strike that would stop the panic of the panic to avoid a worse downward market for the market. The Dow Jones industrial average dropped 2.231 points or 5.5 percent and the composite drop of Nasdaq by 5.8 percent. The NASDAQ composition is now in a bear market, as China has imposed fresh rates on all US goods, which raises concerns about an extensive global trade war. “How bad it gets depends on how committed the administration is for this set of policies, which clearly vote the market,” said Steve Sosnick, main strategist at Interactive Brokers, by Reuters. The rates urged ‘Shellshock’ among business leaders who weighed the possible economic damage, Reuters cited a senior financial management. Trump is still coming rates in a post on truth social, Donald Trump, on Saturday argued the rates he imposed and argued that China was hit worse than the US. “China was hit much harder than the US, not even close. They and many other countries treated us unsustainably bad. We were the dumb and helpless” sweep post “, but no longer. We bring back work and businesses like never before. All, more than five trillion dollars’ investment, and rise fast! The US president earlier described the market accident as an adjustment that would be beneficial in the long run. Investors lose $ 5 billion, Donald Trump is going to golf, even when markets Bled, US President Donald Trump was on his way to playing golf in Mar-a-Lago, his private Palm Beach, Florida, club. Before going out golf, Trump wrote in a post: “It’s a good time to get rich.” Trump saw his signature red “Make America Great Again” hat and a white Polo shirt, and Trump saw his supporters blowing waiting for him on a street with palm trees. The Republican leader was scheduled to dinner for Maga Inc. attend. He was in Miami on Thursday on another one of his golf courses, where he attended a Saudi-funded tournament. He ended up in Marine One and was picked up in a golf cart driven by his son Eric. (With input of agencies)