Breaking Points with Krystal and Saagar 4/10/25: Trump Admits Caving On Tariffs, Bond Market Bomb, Insider Trading Scandal
12 snips
Apr 10, 2025 
Joe Weisenthal, co-host of the Odd Lots podcast, shares his insights on financial markets and economic trends. He dives into Trump's recent admission about caving on tariffs amid bond market pressures. The conversation reveals how these tariff changes could impact various market sectors. They also discuss serious insider trading allegations and the political implications behind them. Weisenthal highlights the complexities surrounding trade negotiations and the challenges facing the U.S. economy in light of these developments.
AI Snips
Chapters
Transcript
Episode notes
Bond Market Panic
- Trump's tariff rollback was likely influenced by panic in the bond market.
- The bond market sell-off signaled declining confidence in the U.S. economy.
Bond Market Sell-off
- The bond market sell-off wasn't about specific countries dumping bonds.
- It reflected a general panic where investors sold assets to obtain liquid dollars.
Economic Impact of Tariffs
- Despite the rollback, the US economy faces higher tariffs and increased costs.
- Consumer prices are likely to rise, potentially impacting affordability.