Monday's News Links

[CNBC] Dow is down 800 points in wild session after 1,700-point loss earlier in session: Live updates

[AP] Panic Monday: World stock markets plunge again as Trump doubles down on tariffs

[Yahoo/Bloomberg] Emerging Stocks Sink Most Since 2008 as Tariff Turmoil Deepens

[Bloomberg] Asian Stocks Tumble Most Since 2008 on Global Recession Worries

[Reuters] China stocks sink on trade war fears; Hong Kong dives 9%

[Bloomberg] Chinese Markets Reel as Trade War Fuels Growth Slowdown Fears

[Yahoo/Bloomberg] European Stocks Slide to January 2024 Lows as Defense Plunges

[Yahoo/Bloomberg] Crypto’s Trump Rally Evaporates as Tariffs Savage Riskier Assets

[Yahoo/Reuters] Oil drops to four-year low, metals fall on recession fears

[Bloomberg] VIX Surge Indicates ‘Panic’ as Stock Rout Accelerates Globally

[AP] Trump digs in his heels as global markets keep dropping over tariffs

[Politico] Trump compares global tariffs and market reaction to taking medicine

[Axios] Trump denies engineering market sell-off, says you have to "take medicine"

[Axios] Behind the Curtain: Trump's dark opening to Golden Age

[BBC] Defiant Trump vows to stay course as countries scramble over tariffs

[Yahoo Finance] Trump again calls on 'slow moving' Fed to cut rates as markets continue tumble

[Yahoo/Bloomberg] Jamie Dimon Says Tariff Policy Issues Must Be Resolved Quickly

[Yahoo/Reuters] Bill Ackman warns Trump is losing business leaders' confidence

[AP] China accuses US of unilateralism, protectionism and economic bullying with tariffs

[Yahoo/Reuters] South Korea to prepare support measures as US tariffs loom

[Reuters] Taiwan stocks plummet, exchange to take more stabilisation steps if needed

[Politico] Europe’s new war with Russia: Deep sea sabotage

[Bloomberg] Xi Switches to Fighting Mode as Trump Trade Deal Looks Unlikely

[Bloomberg] Hedge Funds Log Historic One-Day Stock Selloff in Market Rout

[Bloomberg] Dudley: Stagflation Is Now America’s Best-Case Scenario

[Bloomberg] Price Hikes Are Already Rolling in From Tariff-Hit Businesses

[Bloomberg] Dollar Funding Demand Grows as Risk Aversion Rattles Markets

[Bloomberg] China’s Central Bank Buys Gold for Fifth Month as Prices Rally

[Bloomberg] Asia Credit Gauge Flashes Most Concern Since Early Pandemic

[Bloomberg] Trump’s Tariffs May Cause a Disastrous Trifecta

[Bloomberg] Wall Street Thought Trump Was One of Them. Wrong!

[NYT] Does Trump Have an ‘Off Ramp’?

[NYT] Europe Is Ready to Make Its First Countermove to Trump Tariffs

[NYT] Trump’s Trade War Raises Bar for Fed Rate Cuts

[WSJ] Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before

[WSJ] Wall Street Starts to Speak Out Against Trump’s Tariffs

[WSJ] Jamie Dimon Warns Tariffs Will Raise Prices, Slow Growth

[WSJ] Trump Says Tariffs Are Reciprocal. They Aren’t.

[WSJ] Chip Stocks Plunge as Tariff Rout Intensifies

[WSJ] What Is VAT? The Tax Trump Hates and the Rest of the World Won’t Give Up

[WSJ] Behind the Legal Battle of the Man Sent to Salvadoran Prison in Error

[FT] Hedge funds hit with steep margin calls

[FT] Markets could get a lot worse — and quickly

[FT] China reserves firepower for Trump trade battle

[FT] The Fed shouldn’t try to save the world from Trump tariffs

[FT] Pete Hegseth to visit Panama as US raises pressure over canal

[FT] Trump chaos is alienating Republicans

[FT] Friedrich Merz warns of ‘dramatic’ impact of US tariffs on German economy

[FT] Why the US mortgage market is addicted to big government

[FT] Trump tariffs risk large euro-area ‘demand shock’, central banker warns

Sunday Evening Links

[CNBC] Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates

[CNBC] U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

[Bloomberg] Live Update: Markets React to US Tariffs, China Retaliation

[Yahoo/Reuters] Bitcoin last down 5% at $78,892.92 

[AP] Trump says he’s not backing down on tariffs, calls them ‘medicine’ as markets reel

[Yahoo/Bloomberg] Summers Warns of More Turbulence After $5.4 Trillion Rout

[Yahoo/Reuters] US investors braced for more volatility, bumps ahead of Monday trading open

[Yahoo/Telegraph] Trump’s finance chief rejects US recession fears

[AP] Rising rivers threaten US South and Midwest after dayslong torrent of rain

[CNBC] Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’

[The Hill] Bill Ackman warns Trump to call a time-out on trade war: ‘This is not what we voted for’

[Bloomberg] Trump Digs In on Tariffs, Says Deals Hinge on Even Trade Balance

[Bloomberg] Trump Team Rejects Market Fears, Projecting Defiance on Tariffs

[Bloomberg] Treasuries Star as a Haven Even as Trump Fans Stagflation Fears

[Bloomberg] Yuan Devaluation Market Chatter Gets Louder as Trade War Worsens

[Bloomberg] Xi Has A Plan to Ease Tariff Pain. What About Trump?

[Bloomberg] Brazil Central Bank Head Meets With Bankers as a Lender Teeters

[NYT] After a Blowout Week, Wall Street Decision Makers Brace for More Chaos

[WSJ] Canaries in the Trump Tariff Mine

[WSJ] Calling Trump’s Bluff on ‘Reciprocal’ Tariffs

[WSJ] Trump Golfs, Fires Off Social Media Posts as Markets Convulse

[WSJ] A Good Man for U.S. Manufacturing Is Hard to Find

[FT] Big investors look to sell out of private equity after market rout

Sunday Afternoon Links

[Axios] Trump administration to markets: Don't expect a rescue

[CNBC] Market crash not part of Trump’s strategy, says top White House economic advisor

[AP] Rising rivers threaten US South and Midwest after barrage of rain and tornadoes

[Reuters] Over 50 nations want to start trade talks with US after tariffs, Trump officials say

[CNBC] Trump’s tariffs were expected to boost the dollar, but recession fears are dragging it down

[WSJ] Trump’s Tariffs Are a Major Legal Question

[WSJ] Trump Is Going After Universities’ Federal Funding. Here’s What to Know.

[FT] Trump officials vow to stay the course on tariffs despite market turmoil

[FT] EU leaders seek united response to Donald Trump’s tariffs