Bloomberg Daybreak: US Edition Trump Open to Tariff Negotiation; Investors Await Labor Data and Powell
Apr 4, 2025
President Trump signals openness to negotiate tariff cuts, especially in exchange for approvals related to TikTok. Investors are anxiously awaiting a key jobs report, with expectations of steady employment at 4.1% unemployment. Senate Republicans propose a higher tax rate for millionaires in a new tax cut plan, which could reshape the financial landscape. Discussions on market reactions to tariffs hint at rising recession fears, alongside an analysis of how upcoming economic indicators may influence Federal Reserve strategies.
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Trump Open to Tariff Negotiations
- The global market sell-off continues as investors react to President Trump's tariffs.
- Trump expresses openness to tariff cuts in exchange for favorable deals, particularly regarding TikTok's US operations.
Trump and Pence Predict Market Boom
- Despite the market sell-off, Trump predicts a market boom once tariffs take effect.
- Vice President Mike Pence shares this optimism, citing reinvestment in America.
Market Sell-off and Expert Opinions
- Following the market sell-off, the Nasdaq plunged 6%, the S&P 500 dropped 4.8%, and the Dow fell 4%.
- Experts offer differing opinions, with some warning of recession and others seeing a buying opportunity.