Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.

The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell. Long-term Treasuries sank, sending yields soaring after a brief respite. The dollar tumbled for a third day as traders liquidated US assets in favor of haven currencies like the Swiss franc, which surged by the most in a decade. Meanwhile, oil prices fell further.

In a measure of how volatile markets have become since Trump announced his plan to impose punitive tariffs on dozens of America’s trading partners, the S&P 500’s gyrations in the past two trading have rivaled those unleashed by the pandemic and the 2008 financial crisis.

The moves, in the end, all pointed toward the same sobering conclusion: Trump’s chaotic tariff rollouts — regardless of where they eventually settle — is rapidly undermining confidence in the US economy and threatening to keep markets on edge for the next three months as traders wait to see how it will all play out.
Today's show features:
Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams on markets
Ryan Detrick, Chief Market Strategist with The Carson Group
Mike Siegel, Goldman Sachs Global Head of Insurance Asset Management & Global Head of Liquidity Solutions and Bloomberg TV Global Finance Correspondent Sonali Basak

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Less than 24 hours after President&nbsp;Donald Trump&nbsp;backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street. The&nbsp;S&amp;P 500 Index&nbsp;ended the day down 3.5% as investors seized on Wednesday&rsquo;s historic rebound to sell. Long-term Treasuries sank, sending&nbsp;yields&nbsp;soaring after a brief respite. The&nbsp;dollar&nbsp;tumbled for a third day as traders liquidated US assets in favor of haven currencies like the Swiss franc, which surged by the most in a decade. Meanwhile, oil prices fell further. In a measure of how volatile markets have become since Trump announced his plan to impose punitive tariffs on dozens of America&rsquo;s trading partners, the S&amp;P 500&rsquo;s gyrations in the past two trading have rivaled those unleashed by the pandemic and the 2008 financial crisis. The moves, in the end, all pointed toward the same sobering conclusion: Trump&rsquo;s chaotic tariff rollouts &mdash; regardless of where they eventually settle &mdash; is rapidly undermining confidence in the US&nbsp;economy&nbsp;and threatening to keep markets on edge for the next three months as traders wait to see how it will all play out. Today's show features:
<ul>
<li>Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams on markets</li>
<li>Ryan Detrick, Chief Market Strategist with The Carson Group</li>
<li>Mike Siegel, Goldman Sachs Global Head of Insurance Asset Management &amp; Global Head of Liquidity Solutions and Bloomberg TV Global Finance Correspondent Sonali Basak</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Markets Plummet as Tariff-War Woes Fuel Exodus From US Assets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95c36a00-a53e-4620-93cc-b2bb01837497/transcript

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