(4 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
New York – 4 April 2025
1. STILLS of traders on the floor of the New York Stock Exchange
ASSOCIATED PRESS
Jersey City, New Jersey – 4 April 2025
2. SOUNDBITE (English) Seth Sutel, The Associated Press:
"So it was another bad day for markets around the world today, including Wall Street. The big reason is that tariffs were announced by China in response to the big volley of tariffs that President Donald Trump announced the day before."
ASSOCIATED PRESS
Washington – 2 April 2025
3. STILL of President Donald Trump speaking during an event to announce new tariffs in the Rose Garden at the White House
ASSOCIATED PRESS
Jersey City, New Jersey – 4 April 2025
4. SOUNDBITE (English) Seth Sutel, The Associated Press:
"What markets are worried about is that this escalation could just keep going. And Europe has not even said what they’re going to do. They’re probably going to do something, but we don’t know what. We also don’t know how long these tariffs are going to last. The hope on Wall Street was that these tariffs were basically a negotiating tactic and that they would be pulled back as soon as negotiations started. This may or may not happen. We don’t really know. Markets cannot stand uncertainty and they’re getting a ton of it right now. They respond to uncertainty by selling off, which is exactly what you’re seeing, and running for safety. Markets want predictability, quiet, calm, more profits, less disruption in the economy, and they don’t know right now. The Fed Chair, Jerome Powell, spoke briefly today, and he mentioned that tariffs could result in inflation. We don’t by how much. If they result in a lot of inflation, that can mean even less spending by households and businesses. That means businesses hiring fewer people, people spending less money on goods and services, on travel, homes, cars, and this means bad things for the companies that make them. So the market is still kind of biding its time here, but, in the meantime, taking a big step back and taking some money off the table until they see a little bit more predictability about what’s going to happen to our economy and the global economy."
ASSOCIATED PRESS
New York – 3 April 2025
5. STILL of a screen displaying financial news
STORYLINE:
World shares slid downward, U.S. futures fell and Wall Street appeared on track for another day of crushing losses Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs — including China’s retaliatory match of a 34% tariff on imports of all U.S. products.
Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs,’ which economists say carries the risk of a potentially toxic mix of weakening economic growth and higher inflation.
Federal Reserve Chairman Jerome Powell suggested Friday interest rates will remain unchanged because the tariffs and their likely economic and inflationary impacts are “significantly larger than expected” and are “highly likely” to lead to “at least a temporary rise in inflation.”
Trump then sought to pressure the independent agency with a social media post saying: “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
Federal Reserve chair Jerome Powell said the tariffs and their likely economic and inflationary impacts are “significantly larger than expected” and are “highly likely” to lead to “at least a temporary rise in inflation.”
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives
Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/19905f52202b4c02a595b7e4475c2e2f
Author: AP Archive
Go to Source
News post in April 9, 2025, 9:04 pm.
Visit Our Sponsor’s:
News Post In – News
