Wall Street Sours on Donald Trump

Good morning and welcome to Watch White House! Join Q&A tomorrow’s questions about how Donald Trump changed the world order. You can ask your questions In the comments below this story. Today we go into:

• Trump’s call on Wall Street

• Chinese edge over the US

• Can Mark Carney take over Trump?

Wall Street was wrong: his titanium finances and business did not believe that Donald Trump would really increase American economic policy.

During the campaign and transition, they were delighted with the great reduction of taxes and the light antitrust implementation that Trump could bring. Price? Some tariffs. But they miscalve the president to leave (free to read).

He didn’t care about the rattle of Wall Street the way he did it during his first term. His escalating trade war planted the seed of distrust and raised the fear that financial modeling could not predict what was coming, more than a dozen investors and executives told FT’s Antoine Gara, Amelia Pollard, James Fontanella-Khan and Eric Platt.

Investors and executives are now dealing with destabilized financial markets as a spectrum and greater inflation and recession.

“We didn’t believe him. We assumed that someone from the administration who had an economic background would tell him that global tariffs were a bad idea,” said Wall Street CEO. “We’re on a shutter ride.”

But how could they go wrong with Trump? He made it clear that he wanted to end the decade of globalization. During the campaign, he and those in his orbit were continuously said that he would not give preference to the richest Americans to his policies.

As Oaktree Capital Howard Marks said:

Investing is largely based on the assumption that the future will look like a past and it seems that this assumption is more difficult than usual.

Considering our state of ignorance and everything we do not know (investing now) is like betting on the outcome of Super Bowl when you don’t know which teams play or who is any of their players.

All uncertainty makes things gloomy. Risk corporate borrowers were Turn off from the bond market Because Tariff is Blitz, threatening a probable contract.

But obviously it’s still hopes on Wall Street: Executive Director Goldman Sachs David Solomon is dealing with Trump Listening to companies at the end.

The latest headlines

• Chinese centralized authoritarian government, diversified markets and control of strategic materials give it Negotiating power against Washington – If he can handle pain.

• The US announced the probes for national security that could lead to Tariffs to chips and medicines In the sharp escalation of Trump’s trade war.

• Despite the efforts of the target of Chief Mark Zuckerberg to yell at Trump’s affection and Blockbuster test is ongoing Through the Instagram and WhatsApp acquisition company.

• President El Salvadora Nayib Bukele says that will do not reproduce a man incorrectly deported to his US from the US in a move that could complicate Trump and the US judiciary.

• Trump’s administration said she would Freeze more than $ 2.2 billion financing For Harvard University, after declining the White House requires the “control” of its community.

What we hear

Canadian Prime Minister Mark Carney positions as The leader of the war his country should fight Trump.

“We fight and fight against Americans,” he said at a recent rally while he was a campaign to keep the Prime Minister in the upcoming elections.

And he does it for him. He revives the Liberal Party that was dead upon arrival under former Prime Minister Justin Trudeau. Of course, this was before Trump started attacking Canada and discussing the annexation of vital American trade partners.

Survey Show Carney, a former central banker and veteran on Wall Street, has Solid Through the conservative party of the rivals, Pierre Poilievre. Carney uses his experience of running the bank of Canada and the Bank of England during the economic trouble (financial crisis and Brexit 2008), to convince the Canadians that he is the one who will take over Trump’s trade chaos.

Hank Paulson, Goldman’s chief who was George W Busha’s treasury minister, told FT -Ilya Gridney, Harriet Agnew and Antoine Gara, “The first became a fan of” Carney “during the 2008 financial crisis. When his judgments were common.”

In the meantime, he also tries to redefine his “Carney Davos Man” reputation and reports that he is ready to jump to the ring with the US president.

“He is somehow charming, but he doesn’t fuck with him,” said Nigel Topping, a climate diplomat in the UK who worked with Carney.

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