Elon, Inc. Everybody's Business: Tariffs Interrupted--Bonds, iPhones and an Ancient Howl
8 snips
Apr 11, 2025 
Tracy Alloway and Mark Gurman dive into the chaotic impact of tariffs on the tech world. Alloway, a financial markets expert, discusses how President Trump's tariff strategies rattled the bond market, prompting a sudden policy pause. Gurman, Bloomberg's tech correspondent, unpacks the dilemma Apple faces with rising prices and consumer reactions as tariffs loom. The duo also intriguingly connects trade policies to the ancient howl of extinct species, blending economics with unexpected scientific discoveries.
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iPhone Rush
- Stacey Vanek-Smith bought a new iPhone due to tariff concerns.
- An Apple salesperson confirmed that other customers also worried about tariffs.
Bond Market Power
- Bond markets intimidated President Trump into pausing some tariffs.
- Bond markets, larger than stock markets, are intertwined with the U.S. economy, influencing mortgage and corporate financing rates.
Market Turmoil
- Simultaneous drops in stocks and bonds are unusual and strain the financial system.
- This forces investors and banks to de-risk, creating a feedback loop of selling and further price drops.