300 points, essentially gaining back what was lost yesterd wh the fed cut Interest Rates and then hinted that there might not be any re. But everything changed at midday when President Trump tweeted that he plann to impose another 10 in tariffs 300 billion of chinese goods, and the Market Reaction was immediate and sizable. The industry avera fell 280 points, 26,583. The nasdaq was down 64. The s p slipped by 26. Companies most vulnerable to higher tariffs were especially hit hard, incding caterpillar, boeing and apple. Eamon javers starts us out tonight from the whitehous reporter President Trump spoke to reporters at the white house today after issuing that sees of tweets suggesting hes going to be raising tariffs on chinese products coming united states. He said he wasnt concerned at all about that stock markete selloffw this afternoon in the wake of his announcement. He said he expected that, and effectively h effectively here he blames the f stock marke not fully understanding wha
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei
A live feed. Its biased, gave us all the way we used to be. Everyones pages. Weve got to go pork as i knew the shipping me just as good for me. She has and well just by seems really additional while im with them. One of the spice during the day me was im go to frontier, putting a special up on chest to ship. Its just difficult the only thing. Okay, so the push in terms of dish collusion. Can you much store store it got stuck on body after youre stuck . With me just one, im going to use the idea that us use based youre going to get all can only provide you with us model to spec to come with the reason this is angela jeremy. Just good. The last of the boat just wanna insure it. Uh, is there a note here to put it in your will . Your, uh is, this is the mission need in the queue. Receptionist said he doesnt have a good the only thing and that on a couple theres a medium call with a junior. Are there any questions or concerns i lets, or is this used to plus the function you used to me, but
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
at all. what i am doing is very serious. it s very important work. nope, not a game. that was fulton county d.a. fani willis last summer talking about her probe of trump s efforts to overturn the 2020 election. and there are new indications tonight of precisely when any indictments will be coming this summer. also tonight, ron desantis gets set to formally launch his presidential campaign with the baggage of a four-plus year record of attacking the personal freedoms of the people and businesses in his own state. including his economically destructive fight with disney. plus, my conversation with chasten buttigieg who has a message for young people amid the growing threats to lgbtq youth. but we begin tonight with seven battle ground states that president biden won in 20202020. arizona, georgia, michigan, pennsylvania, and wisconsin. not only will these all be states to watch in next year s presidential election, but all part of the failed plot by donald trump and his