Stocks Sink As Trump Threatens Powell

Dow drops 950 points as Trump again attacks Powell and sows investor doubt (CNBC)

Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates ‘NOW’ (CNBC)

Expect a ‘severe’ market reaction if Trump tries to fire Powell, says Evercore ISI’s Krishna Guha (CNBC)

First Shockwaves of Trump’s Tariffs Are About to Hit the World Economy (Bloomberg)

The U.S. will ‘absolutely’ have a recession in 2025 if high tariffs stay, Apollo’s Slok says (CNBC)

China vows retaliation against countries that follow U.S. calls to isolate Beijing (CNBC)

Tesla Bull Ives Warns of ‘Code Red’ If Musk Sticks With DOGE (Bloomberg)

Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say (Reuters)