Stocks Sink As Trump Threatens Powell

MRKT Matrix - Monday, April 21st

• Dow drops 950 points as Trump again attacks Powell and sows investor doubt (CNBC)
• Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates ‘NOW’ (CNBC)
• Expect a ‘severe’ market reaction if Trump tries to fire Powell, says Evercore ISI’s Krishna Guha (CNBC)
• First Shockwaves of Trump’s Tariffs Are About to Hit the World Economy (Bloomberg)
• The U.S. will ‘absolutely’ have a recession in 2025 if high tariffs stay, Apollo’s Slok says (CNBC)
• China vows retaliation against countries that follow U.S. calls to isolate Beijing (CNBC)
• Tesla Bull Ives Warns of ‘Code Red’ If Musk Sticks With DOGE (Bloomberg)
• Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say (Reuters)

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