He claims market reaction did NOT cause the administration to rethink its tarriff plan.... What a fucking lie...of course it did. This interview will definitely not age well.
Newsflash... all politicians and humans are indifferent liars who have their own agendas, biases and intolerances and egos. Just another day. Don't get consumed by it.
Dow DOWN 1000+ points - Trump "We don't watch the markets" Dow UP 1000+ points - Trump "Hey did you see the market today?"
Apparently Japan started selling Bonds DURING talks with Trump lol ! President Donald Trump was forced to backtrack on his sweeping tariff plans because of a 'fire sale' in the bond market which could have triggered economic meltdown. Alongside causing turmoil in the stock market, Trump's sweeping tariff plans sparked a major US government bonds sell-off, the likes of which had not been seen since the depths of the Covid-19 crisis. Fox Business senior correspondent Charlie Gasparino said the bond market crash forced Trump to 'capitulate' on his plans. Speaking on Fox Business, Gasparino said: 'Let's be clear what happened. Who capitulated here and why? I don't want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all my sources. 'And the reason why is because of the bond market. When you have yields on the 10-year rising to 5 percent, stuff starts shutting down. When you have the lending markets screwed up.' The 'fire sale' in the bond market came to a head late on Tuesday and into Wednesday. The 10-year Treasury yield climbed overnight above 4.51 percent, while the 30-year Treasury yield hit a high of 5.02 percent on Tuesday night, CNBC reported. US government bonds have traditionally been seen as one of the world's safest assets, and as a place where investors can put their money in times of volatility. But the sudden fall was one of the clearest signs yet that investors may be beginning to lose confidence in their safe haven status - and an indication of just how much the world's biggest economy was shaken by Trump's tariff plans. Gasparino claimed that, according to his sources, while Trump was negotiating with Japan, it was dumping US Treasury bonds 'because they believed this was not a great place to do business. 'That forced their hands,' he said, referring to the White House. https://www.dailymail.co.uk/yourmon...nomic-meltdown-forced-trump-hand-tariffs.html
I don't think they are being dishonest saying that they don't care about what amounts to equity market volatility right now. If you look at the candle wick on ZB yesterday though, they obviously are watching the bond market. It didn't seem to register with the news sources what would have happened if rates on the 30 year jumped right back to the highs in one day because it was so short lived.
At this point, the Trump administration is feeding their Wall Street buddies inside tariff information so these executives can make money. Just part of the overall oligarchy grift. Fox Reporter Says the Trump White House Is Giving Wall Street Executives Inside Info on Tariff Negotiations https://www.mediaite.com/news/fox-r...xecutives-inside-info-on-tariff-negotiations/