Bessent says ‘there are no guarantees’ when it comes to recession
Treasury Secretary Scott Bescent said on Sunday that there is “no guarantee” about the recession. “Mr. Secretary, can you guarantee Americans here, and now that there's no recession on President Trump's watches?” NBC's Kristen Welker asked Bessent about “Meet the Press.” Bessent replied, “Who would have predicted Covid, and who would have any assurances?” “So […]
Trump tariffs ‘worth it’ — even if they trigger recession: Commerce Secretary Howard Lutnick
Commerce Secretary Howard Lutnick said President Trump's tariffs were “worthy.” The economist warns that the president's strict tariffs in Canada and Mexico, a 30-day suspension, 20% collection on China, and his sweeping aluminum and iron tariffs could reheat inflation. Trump's pre- and post-election approach to implementing tariffs, and the costly risks of retaliatory tariffs, wiped […]
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump's tariff policies are worth it, even if the economy plunges into a recession. In an interview aired Tuesday, CBS News' Nancy Cordes asked Lutonic whether tariffs “when it leads to a recession, if it leads to a short-term recession, is it worth it?” Lutnick replied: “These […]
Stephen Miller defends Trump on possible recession: Not our job to make 'prognostications'
Deputy White House Chief of Staff Stephen Miller defended President Trump's response to questions about possible weekend-long recession, saying it's not the president's job to predict the economic situation. “His comments are totally correct. It's not our job to create these kinds of prognosis. Miller is our job under President Trump's leadership to lock the […]
Senate GOP frets as Wall Street takes dip over tariffs, talk of recession
Senate Republicans expressed new concerns about the economy on Monday after Wall Street had one of the worst days in years of comments from President Trump that did not rule out the potential for a trade war and a recession. Nasdaq Composite had its worst day in three years, finishing with a loss of 4%, […]
S&P 500 futures flat after recession fears triggered a market sell-off: Live updates – CNBC
The trader works on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 Futures Traded around the flatline early Tuesday after concerns that the recession would hit the US economy caused widespread sale on Monday. Futures linked to the Dow Jones Industrial Average The S&P 500 futures rose 3 […]
Larry Summers: Odds of a recession 'close to 50/50'
Former Treasury Secretary Larry Summers said Monday that the potential for a recession was “nearly 50/50.” “I said [Kasie Hunt] @CNN I think there is a real possibility of a recession today,” Summers I said in a social platform thread x. “I would have said a few months ago that a recession is really unlikely […]
Tesla shares slide amid market sell-off on recession worries, tariff uncertainty
Billionaire Elon Musk explains how Doge helps the government understand the matter of “Kudlow.” Tesla shares plummeted on Monday, the biggest day drop in years amid concerns about a potential recession and uncertainty against the president Donald Trump's Customs plan. Tesla stocks fell 15.4% during Monday's trading session amidst weaknesses in the electric vehicle (EV) […]
US stocks tumble on recession fears, Trump tariff uncertainty
Jason Katz, UBS Managing Director and Senior Portfolio Manager, discusses whether the US economy is in a “Varney & Co.” recession. US stocks fell on Monday over concerns about the impact of President Donald Trump Tariff Investors on Economic Growth. Dow Jones' industrial average is 961 points (2.25%); Nasdaq Composite and S&P 500 There was […]
Dow sinks 700 points, Nasdaq sheds 4% after Trump recession comments
Wall Street faced a rough start to trading week, with key indicators falling as investors responded to President Trump's worrying comments and he refused to rule out the recession. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all recorded significant declines on Monday, with the tech sector leading the recession. The S&P 500 […]