CNBC Business News Update

Market Open: Stocks Plunge For A Third Day, JP Morgan Chase CEO Writes Investor Letter Warning Of Higher Inflation, Mortgage Rates Falling 4/7/25

Apr 7, 2025
The stock market faces turmoil due to a false social media post about tariffs, sparking significant losses for investors. Concerns about a looming recession are echoed by JPMorgan Chase's CEO, who highlights inflation risks. Additionally, the podcast discusses the impact of falling mortgage rates and the volatility of oil prices on the economy, making it crucial for listeners to stay informed about market trends and their financial implications.
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