Morning News: April 24, 2025
Markets Fade as China Calls Reports of U.S. Tariff Talks ‘Baseless’
On Major Economic Decisions, Trump Blinks, and Then Blinks Again
Trump Takes On Improbable Task in Seeking Trade Deals Across the Globe
Ken Griffin Says Trump’s Trade War Has Devolved Into a ‘Nonsensical Place’
Beige Book Flashes Multiple Warnings About Who Pays for Tariffs
Tariffs Are An Abomination: There Are No Good Arguments For Them
Krugman: Cronyism, Capitulation and Utter Chaos
For China’s Trolls, ‘Chairman Trump’ and ‘Eyeliner Man’ Are Easy Targets
On TikTok, Chinese Manufacturers Open a New Line in the Trade War
Analysts Game Out Use of Fed Toolkit if Market Needs Help
Wall Street Missed Warning Signs Ahead of $1 Billion Fintech Implosion
One of Wall Street’s Biggest Bulls Slashes View as Tariffs Bite
Exhausted by Trump Reversals, Traders Get No Relief From Rebound
The ‘Trump Put’ Makes an Entrance, Up to a Point
Investors Prefer the ‘Nice’ Trump, but Want Results
Gold Rebounds After Biggest Drop This Year as Dip-Buyers Step In
Trump Is Facing Six Wars, and He’s Losing All of Them
Trump Says Millionaire Tax Would Push Wealthy to Leave the US
BNP Paribas Gets Boost From Market Frenzy
They Stole a Quarter-Billion in Crypto and Got Caught Within a Month
A Subdued Musk Backs Away From Washington, but His Project Remains
The War on ‘Woke’ Universities Will Slow US Innovation
It’s Electricity Realism, Not Climate Denialism
How Solar Cells Could End Up in More Everyday Items
Dow Logs Loss, Launches Cost-Cutting Measures Due to Slowdown
Nissan Estimates Roughly $5 Billion Net Loss From Impairments, Restructuring Costs
Merck Expects $200 Million Tariff Hit Amid Gardasil Fallout
PepsiCo Cuts Growth Forecast, Citing Tariff Volatility
Nestle Sales Get Boost From Coffee, Chocolate Price Hikes
Nike Tries to Reclaim Sports Magic With Four-Minute Mile Attempt
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Posted by Eddy Elfenbein on April 24th, 2025 at 7:03 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Does anyone have a suit of armor, jet skis and a blowtorch I can borrow/rent? There's an experiment I'm working on.
This is pretty amazing. US elections combined since 1924:
GOP: 1,058,301,749
DEM: 1,057,846,951
Oth: 88,548,252Unemployment spikes in Washington, DC
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 