Tuesday, April 8, 2025

Tuesday Evening Links

[CNBC] Stock futures fall as tariff fears cause a four-day S&P 500 rout of 12%: Live updates

[Yahoo/Bloomberg] Stocks Hit by Wild Volatility on US-China Threats: Markets Wrap

[Yahoo/Bloomberg] Oil Slumps Below $60 as US Plan for China Tariffs Roils Outlook

[Yahoo/Bloomberg] Xi’s No. 2 Says China Is Equipped to Fight Trump’s Tariff Hikes

[AP] White House keeps world guessing as clock ticks down to Trump’s new tariffs

[BBC] What would a US-China trade war do to the world economy?

[AP] Trump’s latest round of tariffs are poised to go into effect. Here’s what we know

[Axios] Consumer sentiment plunged on Monday amid tariff chaos

[AP] Trump fails to sway many House GOP holdouts as his ‘big’ bill of tax breaks and spending cuts stalls

[Yahoo/Reuters] Trump says US taking in $2 billion a day from tariffs

[Yahoo/Bloomberg] Fed's Daly sees time to tread slowly, carefully on policy

[CNBC] Mortgage rates slingshot higher as tariff uncertainty roils markets

[Politico] EU seeks China’s help to contain Trump’s trade war

[CNBC] Judge says White House can’t ban AP from Oval Office, Air Force One

[Axios] "Boys will be boys," White House says, as Musk calls Navarro "moron"

[Bloomberg] Treasury-Yield Surge Stokes Fear of Next Big Basis-Trade Unwind

[Bloomberg] Muni Sales Delayed as Yields Surge 58 Basis Points in Two Days

[Bloomberg] Tariffs Turbocharge Collapse of Favored Hedge-Fund Rates Bet

[Bloomberg] Cracks Are Forming in CLO Market as ETFs on Record Selling Spree

[Bloomberg] Tariffs Leave Central Banks Out in the Cold

[Bloomberg] Republicans Fracture Over How Much Debt to Run Up for Tax Cuts

[Bloomberg] US Tariffs Are Making China Great Again

[NYT] Wall Street Bursts With Anger Over Tariff ‘Stupidity’

[WSJ] Stocks Are in Turmoil, but Treasury Yields Are Stubbornly High

[WSJ] The Dip-Buyers Braving the Market During Stocks Carnage

[WSJ] Why Musk vs. Navarro Matters

[FT] Quant hedge fund Renaissance suffers steep losses in tariff tumult

[FT] US Treasuries drop for second straight day after disappointing $58bn auction

[FT] Avoiding Kindleberger’s Trap