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US President Donald Trump and Elon Musk are present at the White House Owl in Washington, Colombia, May 30, 2025.
Nathan Howard | Reuters
White House development becomes more exciting and unpredictable than those asian dramatic series of 1000 episodes.
Thursday ‘so much for what they Lord a good guy“Donald Trump returned to become a good guy and was a” very good call “, he said, with Chinese President Xi Jinping on trade. After Trump’s call, officials of both countries would meet for further negotiations. Trump has previously described the process of achieving an agreement with XI as”Extremely difficult“While Finance Minister Scott Igent said negotiations between the US and China”A little hidden“What makes a positive result of the call even more breakthroughs.
But Trump no longer plays Elon Musk. Last Friday the US president’s Farewell ceremony to the role of a thus in the doge called The last “stunning” and said, “He will always be with us.” Since the weekend, however, Musk undertake explosion The “big, beautiful bill” of Trump, which ended on Thursday’s public plus between former compatriots in the White House. Trump recognized on Thursday that “Elon and I A great relationship” – Pay attention to the use of the past – but he doesn’t know” if we are already. ”
Unlike the TV series turns, however, the White House relationship with other drama is equally or more interesting than the fiction for some – have a specific impact on the economy and markets. For example, Tesla shares, for example, were 14% after its CEO was guessing with the US president. The audience cannot be completely absorbed so as not to lose themselves in the spectacle, they also lose their investment.
Ugly spat between Trump and Musk
US President Donald Trump on Thursday called Tesla CEO Elon Mus threatens to reduce state contracts of their companies As two people were brewing a large tax bill. In response Musk said Removing from the exploitation of its spacecraft Dragon “Immediately.” “Without me, Trump would have lost the election“Musk added later. Tesla shares sank over 14% and shed the cost of 152 billion dollars from the manufacturer of electric vehicles.
Trump is talking to XI by trading
Trump and his Chinese colleague XI Jinping on Thursday was a “very good call” Within about 90 minutes, which focused “almost completely” on trading, Trump wrote The truth is social. He added that we and Chinese officials will soon meet for additional negotiations to resolve permanent trade war. The Ministry of Foreign Affairs in Beijing and the Chinese Embassy in the US said earlier on Thursday that Trump had asked for a call in XI.
US markets dragged tesla
American shares fell on ThursdayWeighed Tesla Tanking shares. A S&P 500 retreated 0.53%, Dow Jones Industrial Medium lost 0.25% and Nasdaq Composite lost 0.83%. But Microsoft’s Stocks grew by 0.8%to apply and return the title of the world’s largest company by market capitalization. Asia-Pacific markets were ambiguous on Friday. India Nifty 50 After 1:45 pm, Singapore increased by 0.95% after the Central Bank lowered the country’s interest rates. Hong Kong Hang the IndexHowever, 0.4%slipped.
Central Bank India provides a negative incision
Bank India downgraded its benchmark up to 5.5% of 6%The lowest level since August 2022. Economists interviewed by Reuters expected the bank to reduce rates by 25 basic points. The decision comes in India Better than expected to grow gross domestic product In its financial fourth quarter. However, the IRB conducted its full year of GDP at 6.5%, which noted a sharp slowdown of 9.2%, noticed in the previous financial year.
Circle stock POP after IPO
Shares Circle Internet Group Erected 168% on Thursday After the Stablecoin and its shareholder sales have raised nearly $ 1.1 billion in initial public donation. On the New York Stock Exchange, the stock opened at $ 69 after IPO is $ 31. At one point, the shares were bargained up to $ 103.75. The circle joins Base. A dream Holding and The riot platform As one of the few cry-companies pure games in America.
(Pro) Tariffs can benefit LSE
The London Stock Exchange is fighting for delaying companies seeking to go to public but some market observers say Help the UK return the big share in the IPO market.
US President Donald Trump and Elon Musk are present at the White House Owl in Washington, Colombia, May 30, 2025.
Nathan Howard | Reuters
Trump and Musk seemed inseparable not too long ago: when attending events together, they conducted joint interviews and showered each other. Everything that has changed over the night.
On Thursday, billionaire Bill Akman urged Trump and Musk to stop fighting. Both men have to “conclude peace for the benefit of our great country”, Akkman said on x.
Tesla Bull Ross Gerber, Head of Herber Kawasaki and Investment Management, had tough words for mousse in a, series x postsstating that Elon “now attacks all the people he helped with power.”
Others in Trump’s orbit, for example, former senior adviser Trump Steve Benan, who has encountered a mask in recent months, also critically treated Musk, saying that Trump should sign an order to take control of SpaceX.