'Probably in a recession'

Carnage in global markets, Larry Fink: CEOs think US is ‘probably in a recession right now’, markets lurch on false tariff pause report, Trump threatens 50% more China tariffs, and billionaires are turning on Trump...

Good morning.

The Fast FiveCarnage in global markets, Larry Fink: CEOs think US is ‘probably in a recession right now’, markets lurch on false tariff pause report, Trump threatens 50% more China tariffs, and billionaires are turning on Trump

Calendar: (all times ET) - Full Calendar

  • Today:
    none watched

  • Tomorrow:
    Wholesale inventories, 10:00A
    Minutes of Fed’s March FOMC meeting, 2:00P

Your 5-minute briefing for Tuesday, April 8:

BEFORE THE OPEN

As of market close 4/7/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 21.76% for Week of April 03 2025

Previous week: 27.42%. Updates every Friday.

Market Wrap:

  • Dow -349 pts after record 2,595-pt swing.

  • S&P -10% in 3 days, worst since 2020; Nasdaq +0.1%.

  • Trump threatens China with 50% tariffs by April 9.

  • VIX hits 60 as margin calls mount.

  • Apple -3.7%, $640B lost in 3 days.

EARNINGS

Here’s what we’re watching this week:

 President Trump Has Promised a New
Golden Age of America...

A fundamental shift in the U.S. economy that the mainstream media refuses to acknowledge.

34-Year Wall Street veteran Dylan Jovine says Trump is planning a controlled "reset" of the US economy...

Simply because he has no other choice.

This financial reset could cause a historic upheaval - and disrupt the fortunes of tens of millions of Americans.

However, Dylan says investors who are prepared for what's coming could come out of this historic shift wealthier than ever before.

That's why Dylan has laid out his entire crisis protection blueprint...

It's the same blueprint favored by billionaires like Warren Buffett, Elon Musk and Bill Ackman.

HEADLINES

BlackRock (BLK.N) CEO Larry Fink said stock markets could fall 20% farther as steep US tariffs lead some investors to believe the US economy may already be contracting.

Stocks swung dramatically Monday after a false report that the White House would pause most of President Trump's tariffs for 90 days.

  • Carnage in global markets as recession fears mount (more)

  • Trump threatens 50% more China tariffs, teases talks with others (more)

  • Stagflation fear gives way to recession fear (more)

  • Trump team mulls exporter tax credit as tariff counterweight (more)

  • Trade war raises bar for Fed rate cuts (more)

  • Billionaires are turning on Trump (more)

  • US credit spreads continue to widen, no new bonds announced (more)

  • Crude oil falls below $60 a barrel to lowest since 2021 (more)

  • Trump orders fresh review of Nippon Steel's bid for US Steel (more)

  • Tesla shares plunge below Lutnick’s ‘never this cheap’ level (more)

DEALFLOW

M+A | Investments

  • Infineon Technologies to buy Marvell's auto ethernet business for $2.5B (more)

  • IBM acquired Hakkoda Inc., a global data and AI consultancy (more)

  • GrubMarket, an AI-powered technology enabler for the American food supply chain industry, acquired Delta Fresh Produce, a distributor specializing in produce commodities sourced from Mexico (more)

  • CTL Corporation, a computing solutions manufacturer, acquired 3R Technology, an ITAD provider (more)

  • Metopio, a company developing data analytics and visualization tools, received a growth investment from Plymouth Growth (more)

VC

  • Caris Life Sciences, an AI TechBio company and precision medicine provider, raised $168M in Growth funding (more)

  • Rescale, a digital engineering platform, raised $115M in Series D funding (more)

  • Ethic, a sustainable, tech-enabled asset manager, raised $64M in Series D funding (more)

  • Stramsen Biotech, a plant-based biopharmaceutical company, raised $25M in funding (more)

  • AppWork, a software platform that streamlines maintenance operations for multifamily property management, raised $13M in Series A funding (more)

  • Zero Industrial, a development company decarbonizing industrial heat by utilizing thermal energy storage (“TES”) systems, raised $10M in funding (more)

  • heyLibby, an AI-powered team member for fitness, wellness, and recreation businesses, raised $4.5M in Seed funding (more)

  • Contxtful Technologies, an attention-based advertising technology company, raised $1.9M in funding (more)

CRYPTO

  • Bitcoin pops and drops as markets swing wildly on tariff news (more)

  • Bloomberg analyst predicts Bitcoin could sink back to $10,000 (more)

  • Ethereum price falls to 2-year low (more)

BULLISH BITES

🛟 The Fed won’t save you—but this 4-step plan can. *

📊 How one tweet wreaked havoc on the stock market.

😱 Venture capital's sum of all fears.

💼 How contracting work became a race to the bottom.

🏚 A $6 million mid-century modern in Sierra Madre.

DAILY SHARES

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