Stocks were in free fall again on Friday, ending the market's worst week in years as a trade war with China heated up over tariffs. Meanwhile, Federal Reserve Chair Jerome Powell said tariffs are expected to lead to higher prices and weaken the economy. Geoff Bennett and Amna Nawaz explain. - ThreadSky

pbsnews.org • 9 days ago

Stocks were in free fall again on Friday, ending the market's worst week in years as a trade war with China heated up over tariffs.

Meanwhile, Federal Reserve Chair Jerome Powell said tariffs are expected to lead to higher prices and weaken the economy.

Geoff Bennett and Amna Nawaz explain.

Comments

stonecircle.bsky.social•9 days ago

Heckuva job, Brownie.

sea-burt0654.bsky.social•9 days ago

I would hate to be a waiter on Jerome. Can’t make up his mind on anything then wants little special requests from kitchen.

kevinstalder.bsky.social•9 days ago

China imposes 34% additional tariff on all U.S. goods from April 10, retaliating against Trump's comprehensive tariffs.As of December 2024, China imported $15.3 billion USD worth of goods from the United States.

robertomitchelli.bsky.social•9 days ago

lanc3goodthrust.bsky.social•9 days ago

samuel-123.bsky.social•9 days ago

vanessachaland.bsky.social•9 days ago

Good job Trumpie and GOP! Well done. Making the MAGA more MAGAish. 🤣😁

lioness-cal.bsky.social•9 days ago

Why are they lying about new jobs?

There was 275,000 people fired

excelius.bsky.social•9 days ago

Correction: Trade war with the world.

madmandolorian.bsky.social•9 days ago

We can't trust the jobs reports from this administration. They most certainly are not giving us accurate information, or the full picture.

alacazar.bsky.social•9 days ago

From now on anything, any numbers, any memo or whatever coming from the White House is pure crap. It was already crappy, but it will get a lot crappier.

nuttyhutter.bsky.social•8 days ago

If you think that many jobs were created, legitimately, you’re gullible as hell. Where were those jobs created?

johnwthompson.bsky.social•9 days ago

Worst for most...

Bet heavy on the short. Manipulate a crash. Double your money. Roll your profits into buying the now cheap stocks to pay zero taxes on your short bet windfall. Repeal the tariffs. Stocks go back up. Repeat in 30-60 days.

whathavewecometo.bsky.social•8 days ago

Xi Jinping has been preparing for this for 4 years - when he says that China is ready for any kind of war with America, take him very seriously. The Grifter in Chief doesn't have the 1st clue who he's dealing with.

https://drive.google.com/file/d/1JBq-2FdXpeNjva2h0T72q2NLKkRi2fTo/view?usp=drivesdk

swhitak6.bsky.social•9 days ago

Omg

sue19721954.bsky.social•9 days ago

😱

patabb.bsky.social•8 days ago

Does anyone really believe the tariffs are helpful? They helped us into the Great Depression back in 1930. Learn from history, people!

dottyg77.bsky.social•9 days ago

report on the carnage in gaza!! the bombings are unprecedented. bodies have been filmed blown hundreds of feet into the air-please do your job as journalists!! we are witnessing a holocaust!!

oconnellmark.bsky.social•9 days ago

csimet.bsky.social•9 days ago

MAGA!!!

#FDT

peacelilymango.bsky.social•9 days ago

Unite against this insanity!
Join 'Hands Off' Sat. April 5th
We need millions to stand up!
Find a nearby rally:
https://www.mobilize.us/handsoff/

Ongoing: contact representatives, boycott, strike, protest, educate & share progressive news; build community, local government & activism...

lightthepower.bsky.social•9 days ago

Republican Party: the party of dumb & dirty. In my lifetime: failed Vietnam war, Watergate, Iran Contra, Iraq war, failed Katrina response, failed Covid response, tanked economy twice, eroded civil & voting rights. Party is lead by a criminal fraudster. FFS people, stop voting Republican!