US President Donald Trump and the General Director of Tesla, Elon Musk, talk to the press, standing next to the Tesla vehicle on the southern port of the White House on March 11, 2025 in Washington.
Mandel I | AFP Getty images
Development from the White House becomes more exciting and unpredictable than these Asian series 1000 episodes.
On Thursday “So much for being Mr. Nice Guy“Donald Trump returned to being a nice guy and had a” very good call “, along with his words, with the Chinese president XI Jinping over commercial issues. After calling, Trump said that officials from both countries would meet to continue to negotiate. Trump previously described the process of reaching an agreement with XI AS “Extremely difficult“While the treasury secretary Scott Bessent said that the talks between the USA and China are”Somewhat stopped“What makes the positive result of the call is even more groundbreaking.
But Trump is no longer playing well with Elon Musk. Last Friday, the US President in Farewell ceremony For the role of Musk in Doge called The latter “wonderful” and said “he will always be with us.” Starting from the weekend, musk began blasting “Big, Beautiful Bill” by Trump, who ended with public greed between former compatriots in the White House on Thursday. Trump admitted on Thursday that “Elon and I had Great relationship” – Pay attention to the use of past time – but he doesn't know” if we're already “.
However, unlike the phrases of the television series, the relations of the White House with others – the drama as or more funny than fiction – have a specific impact on the economy and markets. For example, Tesla's shares collected 14% after its general director feuded with the US president. The viewer cannot be completely absorbed so as not to lose themselves in the performance, they also lose their investments.
What you need to know today
Trump talks to XI about trade
US President Donald Trump and his Chinese equivalent of XI Jinping on Thursday He had a “very good phone” For about 90 minutes that focused on “almost completely” trade, Trump wrote About social truth. He added that US and China officials will soon meet more talks to resolve the ongoing trade war. The Ministry of Foreign Affairs of Beijing and the Chinese Embassy in the US said on Thursday that Trump asked for a phone call from the 11th.
Ugly spit between Trump and musk
Trump called on Thursday Tesla CEO Elon Musk “Crazy” and threatened to limit the government agreements of his companies When two men fought for a serious tax account. In response, Musk said that Space X would start withdrawal from the operation of a spacecraft “immediately.” “Without me, Trump would lose the election“Musk added later. Tesla's actions sank over 14%.
The European Central Bank lowers rates
European Central Bank on Thursday reduced the key interest rate to 2% from 2.25% And he cut his inflation expectations to 2% compared to the forecast in March 2.3% compared to stronger euros and lower energy costs. EBC left its growth forecast for 2025 unchanged at 0.9% due to the stronger than the first three months of the year in conjunction with a weaker perspective.
American markets drawn by Tesla
American shares fell on ThursdayTented by Tesla, shares refueling. . S&P 500 0.53%withdrew, the Industrial average Dow Jones lost 0.25% and NASDAQ composite lost 0.83%. Microsoft However, the supplies increased by 0.8%to achieve the record and Recover the title of the largest company in the world by market capitalization. Europe Stoxx 600 index marked by 0.16%. Government bonds of the euro area increased on Thursday among the ECB rate reduction.
District shares of POP after IPO
Actions Circle internet group Has increased 168% on Thursday After Stablecoin and its sellers, they collected almost $ 1.1 billion in the first public offer. The shares opened to 69 USD on the New York Stock Exchange at IPO valuation at $ 31. At some point, the shares were commercially up to USD 103.75. The circle is attached CoinsIN Mara Holdings AND Riot platforms As one of the few cryptographic companies with a clean place, which has a list in America.
(Pro) Best work report: JPMorgan
Investors should take root in May work report It shows that the labor market is fine Unlike a great surprise in both directionsAccording to Jpmorgan Note from the shopping desk. Too low and the actions will hit; Too high and the bond market will react.
And finally …
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