Markets Right Now: Stocks sink as trade war escalates

FILE - In this May 9, 2019, file photo trader Jonathan Corpina works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, May 13. Stocks are plunging at the open on Wall Street Monday after China announced retaliatory tariffs against goods from the United States.

China plans tariff hikes on $60 billion of U.S. imports after the Trump administration on Friday raised tariffs on $200 billion in Chinese imports from 10% to 25%. Technology, industrial and consumer-focused companies are bearing the brunt of the losses. Apple is down 4.4% while Caterpillar is off by 4%.

The Dow Jones Industrial is down 470 points, or 1.8%. The S&P is dropping 51 points, or 1.8% and the tech-heavy Nasdaq is down 2.3%. Oil rose 2.4% to $63.15 a barrel after two Saudi vessels were targeted off the coast of the United Arab Emirates.

That's all Brokeahontas knows how to do

Thank you Mr. President! 👏👏👏👏👏👏👏🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

Good time to buy

sell Sell SELL 😂😂😂

This would be a really good time for news outlets to write about the trade policy proposals of the 2020 presidential candidates. This would also be a really good time for GovBillWeld to publicize a rational GOP trade policy.

Anybody it's old enough knows it's the Republicans that destroy everything.

It will rebound. Give it time.

No way. Trade wars are easy to win. 🤔🤷🏻‍♂️

Trump to blame

Everyone panic and sell.

So much winning...

Trump wants this war, he is the closest thing to the Anti Christ we have seen. He like all Republicans feel they need to make a name for themselves and it's never good. He loves war and human inequality. Which president of the USA did not want war? The rich never stop!

realDonaldTrump always tweets his 'brilliance' at how markets are doing under him. Actually, same period as Obama, he's lagging behind by appx 11%. And if he's to get the same 43% point gain as Obama's 1st term, the DowJones would have to gain appx 8,500 points by 12/31/2020.

Courtesy of the party of recessions and depressions, i.e. the Republicans.

🇺🇸BUY AMERICAN!!!🇺🇸

Brokeahontas

BUY American MADE PROBLEMS SOLVED

Their goes all of those retirement gains

Don Jr and Jared will be busy buying stocks

Putin chalks up yet another win...Putin seems to win a lot with the GOP & Trump in charge...

The Wharton grad apparently didn't see this coming

msnbc cnn cnnbrk MSNBC_Breaking Morning_Joe jheil Bombshell: 'GOP & Trump CRASH market' Trump's reckless DISHONEST phony trade negotiations CRASHES markets TRASHES 401K's. Erratic. Phony. Dishonest. Trump throws FARMERS on the GRILL. And the middle class to the WOLVES.

Trump’s helping putin destabilize and weaken the USA. Looks like he’s doing his job well

Trump trade policy “a high wire act without a net”

It's okay. The stable genius has a plan...to bankrupt America.

Who cares? There's only a small % of people really invested in the stock market and they probably sold off before this happened. Stop looking at the stock market everyday. It's not an indicator of your life.

Any impact on biz from new tariffs is ON CEOs impacted. POTUS has been UBER transparent these tariffs would be coming if the Chicoms negotiated in bad faith! If CEOs sat on their hands for the last yr, any impact is on THEM! MAGA

PassarelliAllan

dbble5 What is stopping Agentorange from calling his morbidlyrich buddies and giving them a heads up about his tweets about the stock market / tariffs? They could easily buy and sell based on his market manipulation!

Here we go.🙄

But...but...her emails!!

😡

Make America great again

Good time to buy stocks.

I’ve had about enough of Trump’s bullshit tariffs.

Oops BillionDollarLoser is really bad at this. Who knew🤷

Democrats everywhere:

Who cares.. If you banked in your business and lifestyle to be funded by communist countries then you've gotten what you deserve. Stay local, Stay Merican

For some people winning trade wars are as easy as running a casino. FuckingMoron BillionDollarLoser

No more welfare checks for farmers! Let them fail!

Does any CEO retains the position after losing millions/bankrupting a business? Are they hired by another? The BillionDollarLoser is unfit/unqualified, & will bankrupt the US. Being loud/obnoxious/blunt/narcissistic w/ his record should be indicative he can't get the job done!

Think of how much his family (inside knowledge) is making off this.

No different than last week...up & down. Relax

Are we winning yet?

Don’t worry. I heard China will deposit any money you lose directly back into your 401k.

My 13 year old predicted they would tumble today

Fuck it im all Crypto

Brokeahontas at it again!

he won't even let our ships sail close enough to have intel

So much Winning from the LoserinChief.

kairyssdal ?

Be prepared to pay more out of pocket for goods in services. Good Lord we are screwed because of 38% of voters we all this nightmare is on a continuous loop that just won’t go away.

Sometimes we lose some to gain the upper hand.

Shouldn’t the media ask POTUS if we’re winning yet? We, the consumers, are paying more for goods that are not even imported.

*Stock market hits all time high* Liberals: who cares? The stock market is only for the rich. Trump sucks. *Stock market drops* Liberals: omg I can’t believe Trump is ruining our country and causing the stock market to crash. Trump sucks!

Terrific - and per NPR, a bike costing $100 is expected to increase to $125-$150 for Americans. Plus we get double hit by China's tariff increases. What a great way to make America Great Again, Mr. Trump

Who could have seen that happening? I'm shocked

45 is riding Obama's coat tails and can't even get that right. What a buffoon.

HOLY SHIT

what do you expect with president shit-for-brains realDonaldTrump running things

Horses in the baccc x

I have a question. Even non-Americans me know that Trump is lying all the time, watching his Twitter, many absurd and ridiculous tweets, just like a primary school student, how can Americans endure this rogue？

I went out for mandarin once

I don’t care. Let it all blow up if it gets him gone

Wow 470 points is a big deal now considering 25k high o so scary!🤔🤦‍♂️🙄🇺🇸❤️🇨🇳

Trade ware isn't with the U.S. It's with Trump.

SoMuchWinning Am I right realDonaldTrump ?

Never wrestle with the yellow dragon, you would catch fire

Sell Sell Sell!!!!!

MAGA?

And Trump is doing to America what he has done to majority of his businesses... bankrupt them.

BREAKING: The free ride on Obamas wave is over.

No pain no gain

Not fake news

Always the patriots - Wall Street.

Let's wit for Trump's tweet

Trump's asinine trade war with China is killing the great economy Obama and Joe Biden built.

PLEASE, Mr President, STOP ALL THIS WINNING!

Tariff Man strikes again

Lot of winning

Who cares Dems say stock market is for the wealthy and majority of Americans don’t own stocks

Buy now

JUST IN: Sarah Sanders says “Trump never met Dow Jones. Dow Jones never worked for Trump and if he did, he was just a low level coffee boy who occasionally went on McDonald's runs for Trump.”

*between Trump and the American people. Fixed it for ya

I hope when theres a Dem president again we can unilaterally crash the fossil fuel and coal markets in this country to subsidize electric vehicles wind turbines and solar panels...

Chinese People's Liberation Army Navy (PLAN) is one of the largest naval forces in the world, & it continues to grow. China is rapidly building naval vessels, weapons that could tip the scales in the US-dominated Pacific.

MAGA

ANOTHER Republican 'president' will cause another recession

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