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The trader works on the floor of the New York Stock Exchange (NYSE) at the opening of the bell in New York on March 10, 2025.
Charly triballeau | AFP | Gets the image
On March 12-13, 2025, CNBC will be held “Conversge Live”, in Singapore, where global business executives, entrepreneurs, investors and key makeup decisions will discuss what it means to innovate and grow, cooperating and exchanging ideas in various industries.
Viewers can watch the direct stream of the event and hear from the speakers, including Deputy Prime Minister Singapore Kim Yong Gan, Chairman of the Alibaba Group Joe Tsay, Bridgewater Associates founder Ray Dalio and CEO SalesForce, Chairman and Co -founder Mark Beniof there.
The Elona Musk government’s efficiency Department claims to streamline the federal government’s expenses. But so far, she sowed confusion when Trump administration tried to remake officers who had previously fired.
Doge is a distorted mirror of what is happening in the American economy. US President Donald Trump aimed at raising the domestic economy, shoots from politics, changing them in the middle of the flight and damaging the deposit within the country’s own borders. The US markets, in particular, were on the trajectory and were severely affected on Monday.
According to Trump, tariffs are designed to protect US business and punish trading partners. But so far, the world’s largest economy seems to be suffering.
What do you need to know today
A gloomy day in the markets
American shares have survived the section As the fear of the recession swept investors. A S&P 500 decreased by 2.7%, Dow Jones Industrial Medium lost 2.08% and Nasdaq Composite He sank 4% at the worse session since September 2022. Ruling European Stoxx 600 The index decreased by 1.29%. Germany Dax shed 1.69%as the preliminary data showed The country exports decreased by 2.5% per month in January.
Trump eliminates tariff problems
US President Donald Trump rejected the problems expressed by enterprises that its tariff policy is uncertain. “They always say it.” We want clarity, ” – said Trump in Interview Fox News What was aired on Sunday. “They have a lot of clarity.” Shut Does he consider recession inevitableTrump said, “I hate to predict such things.” Later, Trump said, “Listen, we will break, but that’s all right.”
Automers get one -month relief
Automaker Volkswagen and Stellantis confirmed that their Cars made in North America will be released Within a month of 25% Trump tariffs in Canada and Mexico. However, Bmw He said it would face the levies. Separately the US can reach an agreement with Canada that avoids Tariffs on oil imports, gas and other energy resourcesUS Energy Minister Chris Wright said on Monday.
Problems in Tesla, X
Tesla Stocks plunged on Monday over 15% The worst day since September 2020. It extends the company seven weeks in a row in redIts longest loss since the NASDAQ debut in 2010. Elon Musk, CEO of Tesla and Head of the US Government Efficiency Department, said in an interview with FOX on Monday what is leading his business “with great difficulty. “ Platform of Social Media Musk X experienced several shutdown the same day.
(Pro) Chinese technological scene is activated
Chinese technology companies ran for launching new products in a week, which saw that Beijing twice decreased on their calls for artificial intelligence. Analysts believe the innovation in the Chinese sector II accelerates what will be benefits multiple suppliers involved in technology infrastructure.
And finally …
US President Donald Trump is present at the Crypto -Samit of the White House in Washington, Colombia County, March 7, 2025.
Evelyn Hokstein | Reuters
World market instability and geopolitical turbulence as a result of President Donald Trump’s return to the White House have led to warnings that the US economy could head to recession – but economists say the decline is not on the cards.
“I don’t think we will talk about the recession in the US. The US economy is sustainable, I would say, largely, despite Donald Trump,” said Bank Bank Cholger Schmiding on Monday.
“Consumers in the United States have money to spend, (and) they are likely to. The labor market remains reasonably solid, and if energy prices are slightly decreasing, and probably some tax reductions and de -deregulation, I don’t think there is a rapid risk of recession,” Schmidding reports.
