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

In every corner of the financial markets, from stocks to bonds to commodities, investors sent Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.
With China retaliating less than 48 hours after the US president rolled out his punitive tariffs, traders are pricing in what increasingly looks like a negative-feedback loop as Trump shows little signs of backing down.

The frantic two-day selloff unleashed by Trump’s decision left little unscathed, hammering stock prices in Asia, Europe and the developing world, and prompted investors to race into havens like government bonds.

It hit the US hardest, worsening Friday after Federal Reserve Chair Jerome Powell said the trade-policy shift is likely to slow growth and spur inflation — a vexing combination that could prevent the central bank from cutting interest rates deeply enough to offset the toll.

As traders dialed back rate-cut bets, the S&P 500 Index tumbled 6%, capping the steepest two-day slide since the pandemic hit the US in March 2020 and wiping out some $5 trillion of value. The tech-heavy Nasdaq 100 also posted a similar drop, leaving it down more than 20% from its mid-February peak.

Today's show features:
Peter Berezin, chief global investment strategist at BCA Research
Bloomberg News Chief Correspondent Global Macro Markets Liz McCormick
Bloomberg News Technology Reporter Kurt Wagner & Bloomberg News Senior Editor for Technology & Strategic Industries Michael Shepard
Alan Guarino, Vice Chairman at Korn Ferry



Hosts: Carol Massar and Tim StenovecProducer: Justin Milliner

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. In every corner of the financial markets, from stocks to bonds to commodities, investors sent Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession &mdash; and fast. With China retaliating less than 48 hours after the US president rolled out his punitive tariffs, traders are pricing in what increasingly looks like a negative-feedback loop as Trump shows little signs of backing down. The frantic two-day selloff unleashed by Trump&rsquo;s decision left little unscathed, hammering stock prices in Asia, Europe and the developing world, and prompted investors to race into havens like government bonds. It hit the US hardest, worsening Friday after Federal Reserve Chair Jerome Powell said the trade-policy shift is likely to slow growth and spur inflation &mdash; a vexing combination that could prevent the central bank from cutting interest rates deeply enough to offset the toll. As traders dialed back rate-cut bets, the S&amp;P 500 Index tumbled 6%, capping the steepest two-day slide since the pandemic hit the US in March 2020 and wiping out some $5 trillion of value. The tech-heavy Nasdaq 100 also posted a similar drop, leaving it down more than 20% from its mid-February peak. Today's show features:
<ul>
<li>Peter Berezin, chief global investment strategist at BCA Research</li>
<li>Bloomberg News Chief Correspondent Global Macro Markets Liz McCormick</li>
<li>Bloomberg News Technology Reporter Kurt Wagner &amp; Bloomberg News Senior Editor for Technology &amp; Strategic Industries Michael Shepard</li>
<li>Alan Guarino, Vice Chairman at Korn Ferry</li>
</ul>
 Hosts: Carol Massar and Tim StenovecProducer: Justin Milliner

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

Stocks Suffer Worst Meltdown Since Covid

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