Wednesday's News Links

[CNBC] Live Updates: Dow drops 300 points, giving up earlier gain, as trade worries hit stocks once again

[Yahoo/Bloomberg] German Yield Nears 3% Milestone on Historic Pivot to More Debt

[Yahoo/Bloomberg] Gold Steadies as Markets Weigh Trade War and US Recession Risks

[Yahoo/Bloomberg] Oil Gains as US Outlook for Tighter Market Offsets Growth Fears

[Yahoo/Bloomberg] China’s 10-Year Bond Yield Eyes Key 2% Level as Pressure Mounts

[AP] US inflation cooled last month, though trade war threatens to lift prices

[AP] EU retaliates against Trump’s trade moves and hits beef, whiskey, motorcycles with targeted tariffs

[Yahoo/Bloomberg] Trump Metal Tariffs Spark Retaliation Moves, Calls for Talks

[AP] Trump’s 25% tariffs on all steel and aluminum imports go into effect

[Yahoo/Bloomberg] World Facing Trump’s Tariffs Watches Canada Test Ways of Fighting Back

[Yahoo Finance] It's not that Trump doesn't care about markets. He just cares about tariffs more.

[Yahoo/Bloomberg] China Says US Owes ‘Big Thank You’ on Fentanyl, Calls for Talks

[Yahoo/Bloomberg] Goldman Sachs Says US Credit Spreads Will Get a Lot Wider

[Yahoo/Bloomberg] JPMorgan Quant-Cloning Factory Churns Out $100 Billion of Trades

[Yahoo/Bloomberg] US mortgage rates drop for a sixth week to lowest since December

[Yahoo/Bloomberg] As Europe Rearms, Bond Funds Are Ripping Up the Rule Book

[Yahoo/Bloomberg] Lagarde Says Era of Shocks Makes ECB’s Inflation Job Harder

[Yahoo/Bloomberg] BOJ’s Ueda Signals Little Concern Over Highest Yields Since 2008

[Yahoo/Bloomberg] Ray Dalio Cites 1930s Germany to Assess Unfolding Trade War

[Axios] Education secretary says mass layoffs first step toward shutting down DoE

[Yahoo/Bloomberg] Houthis Vow to Resume Attacks on Israeli Ships Over Aid to Gaza

[Yahoo/Bloomberg] Brazil Consumer Prices Jump the Most Since 2022 in Blow to Lula

[Bloomberg] Authers: Why Trump Cares Less About Market Pain This Time

[Bloomberg] Dudley: These Tariffs Will Be Worse Than Markets Think

[Bloomberg] Trade Wars Won’t Make American Farming Great Again

[Bloomberg] Once Again: Tariffs Are a Terrible Idea

[Bloomberg] Wall Street Flags New AI Risks From Hallucinations, Criminal Use

[Bloomberg] Columbia Student’s Deportation Arrest Should Scare All  Americans

[NYT] A Tariff Pile-On Threatens to Escalate a Global Trade War

[WSJ] Trump’s Economic Messaging Is Spooking Some of His Own Advisers

[WSJ] Airlines Warn of Near-Term Turbulence as Recession Fears Loom

[WSJ] L.A. Has Big Plans to Rebuild After the Fires. Good Luck Getting Insurance.

[FT] EU retaliates after Donald Trump’s steel and aluminium tariffs take effect

[FT] Ukraine willing to accept 30-day US-brokered ceasefire

[FT] Winners and losers from the Wall Street sell-off

[FT] ‘We have to rebuild our country’: Donald Trump and his team pursue economic shock therapy

[FT] Trump’s Big Law crackdown sends chill through legal industry

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks Rise Late on Trump’s Bullish Economic Call: Markets Wrap 

[Yahoo/Bloomberg] Growing Fears of Corporate Defaults Hit US Credit Markets

[Reuters] Hedge funds sped up de-risking, and there likely is more to come

[Yahoo/Bloomberg] Trump Walks Back Latest Tariff Threat, Plays Down Recession Talk

[Reuters] US-Canada trade war heats up as Trump doubles metals tariffs, then backs off

[Yahoo/Bloomberg] Canada Energy Minister Warns of Pain on Both Sides in Trade Spat

[AP] Republicans are marching ahead with a government funding bill despite Democratic opposition

[CNN] What we know about the House GOP government funding bill

[Yahoo/Bloomberg] Wall Street Left Dazed and Confused as Trump Jolts Markets Again

[Axios] Ukraine backs U.S. proposal for 30-day ceasefire with Russia

[Yahoo/Bloomberg] Trump Rules Out Steel, Aluminum Tariff Exemption for Australia

[Reuters] In rare meeting without U.S. ally, Western army chiefs meet to show Ukraine unity

[Reuters] Iran's President to Trump: I will not negotiate, 'do whatever the hell you want'

[Bloomberg] How Will the US Bitcoin Reserve Work, Exactly?

[Bloomberg] Shale Pioneer Sheffield Warns Oil Chiefs of Grim Times Ahead

[NYT] Investors Thought They Had Trump Figured Out. They Were Wrong.

[WSJ] How Do You Like the Trade War Now?

[WSJ] Trump Drops Threat to Double New Tariffs on Canadian Steel and Aluminum

[WSJ] Is Trump Throwing It Away?

[WSJ] The Last Thing America Needs Is a Sovereign Wealth Fund

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Jolted by Trump’s Plans for Canada Tariffs: Markets Wrap

[Yahoo/Bloomberg] S&P 500’s Slide Brings Huge Options Position Into Rare Focus

[Yahoo/Bloomberg] Trump Says He’s Doubling Tariffs On Canadian Steel, Aluminum

[CNN] Trump threatens new tariffs on Canada and warns he will shut down its auto industry

[CNBC] Ontario’s Doug Ford warns of ‘Trump recession,’ threatens electrical shutoff to U.S.

[AP] Trump administration to resume military aid to Ukraine and intelligence sharing

[Yahoo/Reuters] US physical aluminium premiums soar to record high on Trump tariffs

[AP] US job openings rose to 7.7 million in January, a sign Trump inherited a strong labor market

[Axios] Consumer and business demand may be cracking

[Yahoo/Reuters] Businesses sound alarm as Trump tariffs prompt consumers to cut spending

[Yahoo/Bloomberg] Tariff Turmoil Leaves US Factories Paying More for Metal Than Overseas Rivals

[The Hill] White House says Trump won’t cut Social Security, Medicare after Musk remarks

[Yahoo/Bloomberg] Container Ship Likely to Sink Off UK After Oil Tanker Crash

[Bloomberg] Trump Moves to Require Registration of Some Canadian Visitors

[WSJ] Trump Bets the Economy on Tariffs

[WSJ] Ukraine Hits Moscow With Biggest Ever Drone Attack

[FT] Donald Trump escalates US-Canada trade war with 50% tariff on steel and aluminium