Trump’s disintegration and musk are broken on the market

The developments of the White House are more exciting and unpredictable than these Asian dramas with 1000 episodes.

On Thursday, “a lot to be it Mr. Nice Al -Shaj“Donald Trump has returned to being a nice man and had a” very good invitation, “as he put it, with Chinese President Xi Jing on commercial issues. After the invitation, Trump said that officials from both countries would meet to negotiate. Trump had previously described the process of reaching an agreement with Shi.Very difficult“While Treasury Secretary Scott Payett said the talks between the United States and China”Stop“Which makes the positive result of the invitation more than penetration.

But Trump is no longer playing nice with Elon Musk. Last Friday, the American President in A. Farewell For the role of musk in Dog The name The latter is “wonderful” and said, “It will be, always, with us.” Starting at the weekend, however, musk Start Bombing Trump culminated in the “Grand and Beautiful Bill”, which was crowned on Thursday with a year’s dislocation among the former citizens at the White House. Trump admitted on Thursday that “Elon was I had A great relationship– Notice the present tense use – but it doesn’t know “if we’ll do anymore. ”

Unlike the transformations and turns in the TV series, the White House’s relations with others – drama on an equal footing or more of imagination – have concrete effects on the economy and markets. Tesla contributed, for example, launched 14 % after the CEO stumbled with the American president. The viewer cannot be fully absorbed, fearing that they will lose themselves in the scene, losing his investments as well.

Ugly spit between Trump and Musk
US President Donald Trump called on Thursday Timing CEO Elon Musk “crazy” and He threatened to cut the contracts of his government companies The two men also disagreed over a major tax bill. In response, Musk said that space X will start Turn off the spacecraft turning “Immediately.” “Bedouin, Trump had lost the elections“MUSK later. Tesla shares More than 14 % sank and Get rid of the value of 152 billion dollars From the electric vehicle maker.

Trump speaks to the eleventh in trade
Trump and his Chinese counterpart Xi Jinping on Thursday It was a “very good call” For about 90 minutes, which focused “almost completely” on trade, Trump books On the social truth. He added that US and China officials will soon meet for more talks for a constant solution commerce war. The State Department of Foreign Affairs and the Chinese Embassy in the United States said earlier on Thursday that Trump asked for a call with Shi.

US markets retreated by Tesla
American stocks fell on ThursdayTesla tanks. the S & P 500 0.53 % fell, and Dow Jon’s industrial average Loss 0.25 % and Nasdak It lost 0.83 %. but Microsoft The shares increased by 0.8 % to reach the record Restore the title of the largest company in the world According to the market value. The Asia and Pacific markets were mixed on Friday. India Elegant 50 It increased by 0.95 % at 1:45 pm in Singapore after the central bank reduced interest rates. Hong Kong Hang Singh FahressHowever, 0.4 % decreased.

The Indian Central Bank delivers a significant reduction
Reserve Bank in India The standard policy rate reduced to 5.5 % from 6 %The lowest level since August 2022. The economists of Reuters had expected the bank to reduce prices by 25 basis points. The decision stated that India Better growth than GDP is expected In the fourth quarter of the fiscal year. However, the RBI estimated the total GDP of the entire year, by 6.5 %, which represents a sharp slowdown of distorted 9.2 % in the previous fiscal year.

The circle shares pop after the public subscription
shares Circle Internet Group Rise 168 % on Thursday After Stablecoin and its shareholders raised nearly $ 1.1 billion in a preliminary public offer. The stock opened at $ 69 on the New York Stock Exchange after the subscription price at $ 31. At one point, the shares were traded up to $ 103.75. Circle Coinbaseand Mara Holdings and Riot control platforms As one of the few encryption companies it plays in America.

(Pro) The definitions may be useful
The London Stock Exchange fought to lure companies looking to advertise-but some market monitors say that the diversification is driven by definitions away from the United States Help the UK promoting a greater share of the public subscription market.

Trump draws and holds reactions from billionaires, politicians and critics. Here who said what

Trump and Musk seemed inseparable not long ago: attending events together, conducting joint interviews and bathing each other. All this changed overnight.

On Thursday, billionaire Bill Akman urged Trump and paused to fight. The two men must “make peace for the benefit of our great country”, ” Akman said on x.

Tesla Bull Ross Gerber, President of Gerber Kawasaki Wealth and Investment Management, was harsh words to musk in A. A series of posts xHe said Elon was “now attacking all the people who helped put him in power.”

Others in Trump’s orbit, like former Trump counselor Steve Bannon, who clashed with Musk in recent months, were also criticizing Musk, saying that Trump should sign an executive order to control Spacex.