(21 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
New York – 21 April 2025
1. Various STILLS of traders on the floor of the New York Stock Exchange
2. SOUNDBITE (English) Seth Sutel, The Associated Press:
"Markets are starting off on really bad foot today on Wall Street. The Dow is down, so is the S&P and NASDAQ. What’s happening today is we’ve got more jitters about what the U.S. policy is shaping up to be in terms of tariffs, but also with the Federal Reserve. President Donald Trump has been at odds with the Fed Chair, that’s Jerome Powell, and markets are starting to notice and they don’t like what they see. The stability and independence of the Fed has long been taken for granted as a bedrock of finance, not just for the U.S., but also for the world. If that is compromised in any way, then it could be trouble for all markets, starting with the U.S. bond market, which is far bigger than the stock market. And what we’re seeing a bit more of today is with the the criticism of Powell increasing from Trump and pressure mounting from Trump on Powell to cut interest rates when Powell and his colleagues say they’re not ready, this is causing markets to get jitterish."
ASSOCIATED PRESS
Washington – 21 April 2025
3. STILL of President Donald Trump
ASSOCIATED PRESS
ARCHIVE: Washington – 31 July 2019
4. STILL of Federal Reserve Chairman Jerome Powell
ASSOCIATED PRESS
New York – 21 April 2025
5. SOUNDBITE (English) Seth Sutel, The Associated Press:
"If the president would be successful in challenging the Fed’s authority, then that could leave us in a difficult position because the point of the Fed being independent is that it can be immune from politics, that it could make unpopular decisions of raising rates or keeping rates high when it’s not popular politically. And the point of that is to keep inflation under control."
ASSOCIATED PRESS
New York – 16 April 2025
6. STILL of a board above the trading floor of the New York Stock Exchange showing the closing number for the Dow Jones industrial average
ASSOCIATED PRESS
New York – 17 April 2025
7. STILL of a board above the trading floor of the New York Stock Exchange showing the closing number for the Dow Jones industrial average
ASSOCIATED PRESS
New York – 21 April 2025
8. SOUNDBITE (English) Seth Sutel, The Associated Press:
"If the Fed’s ability to keep inflation under control is seen by the markets as jeopardized, then you’ve got trouble, then you got real trouble for bonds, stocks, and the dollar all at once, which is very unusual. And that’s what’s going on today."
ASSOCIATED PRESS
New York – 16 April 2025
9. STILLS of traders working on the floor of the New York Stock Exchange
STORYLINE:
U.S. stocks are tumbling Monday as worries about President Donald Trump’s trade war and his criticism of the Federal Reserve cause investors to pull further from the United States.
The S&P 500 was 3.1% lower in another wipeout, and the index at the center of many 401(k) accounts is more than 16% below its record set two months ago.
The Dow Jones Industrial Average was down 1,138 points, or 2.9%, as of 1:21 p.m. Eastern time. Tesla and other Big Tech stocks had some of the sharpest losses, which dragged the Nasdaq composite down a market-leading 3.4%.
Trump continued his tough talk on global trade over the weekend, even as economists and investors continue to say his stiff proposed tariffs could cause a recession if they’re not rolled back.
Trump has recently focused more on China, the world’s second-largest economy, which upped its own rhetoric against the world’s largest economy.
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