4.4 • 15.6K Ratings
🗓️ 7 April 2025
⏱️ 56 minutes
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0:00.0 | markets in Asia plummeting overnight. The Hangsang down more than 13 percent. |
0:04.0 | Japan dropping about 8 percent to an 18-month low. |
0:08.0 | Earlier in the session, Japanese futures were suspended after they hit circuit breakers. |
0:12.0 | In Europe, stock trading there, also down across the board. |
0:16.0 | You can see they've come off their worst levels. |
0:19.0 | The Dax right now down by about 5 percent. CACC in France off by 5.5%. |
0:22.6 | The Futsi in Italy, the Futsi Mib down by 5.8%. |
0:27.6 | The best performer is the Futsi 100 in London, which is down by 4.3%. |
0:32.6 | Germany's Dax, again, was down more than 10% before it paired some of those losses, |
0:36.6 | so we'll continue to watch |
0:37.8 | things there. And then energy prices, adding to last week's steep losses as well, you're now |
0:43.2 | looking at WTI below $60 a barrel. So $59.81 for the year, it's down 31%. I guess the upside |
0:49.8 | that is you're going to get cheaper prices at the pump. But all of this signaling the market's idea |
0:55.2 | that we're looking at much greater odds of a recession, not just here, but globally. |
1:00.5 | This was on the front page of Sunday Opinion, New York Times, and this pretty much sums it up. |
1:06.6 | The world wakes up to a new global reality. |
1:11.0 | The economy is deflating. |
1:12.6 | Now, let's be very clear here. |
1:16.3 | Regardless of how you feel about tariffs, |
1:18.9 | this is a self-induced war that we started. |
1:24.0 | All right. |
1:25.1 | All right, this is voluntary. I spent three months after the election. |
... |
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