Trump’s relationships can send markets roiling

The developments of the White House become more exciting and unpredictable than these Asian dramatic series of 1,000 episodes.

Thursday, “so much to be Mr. Nice Guy“Donald Trump came back to be a nice guy and had a” very good call “, in his words, Chinese President Xi Jinping on business issues. After the call, Trump said that officials from the two countries will come together to negotiate more. Trump had previously described the process of reaching an agreement with XI as”extremely hard“While the secretary of the Treasury, Scott Bessent, said that talks between the United States and China were”Blocked“” Which makes the appeal of the call even more a breakthrough.

But Trump no longer plays well with Elon Musk. Last Friday, the American president has a farewell ceremony The role of Musk at Doge called The latter “formidable” and said “he will always be with us”. From the weekend, however, Musk began boosting Trump’s “Big and Beautiful Bill”, which peaked Thursday in a public spam between the former compatriots of the White House. Trump recognized Thursday that “Elon and I had An excellent relationship” – Note the use of the past – but he does not know” if we want it “.

Unlike the twists and turns of a television series, however, the relationships of the White House with others – a drama as or more entertaining than fiction for some – have concrete effects on the economy and the markets. Tesla’s shares, for example, sang 14% after its CEO was silent with the American president. A spectator cannot be completely absorbed, for fear, getting lost in the show, he also loses his investments.

Trump speaks in Xi on trade
US President Donald Trump and his Chinese counterpart Xi Jinping had a “very good call” For about 90 minutes which were concentrated “almost” on trade, Trump wrote on social truth. He added that American and Chinese officials will soon meet for more conferences to resolve a trade war. The Beijing Foreign Ministry and the China Embassy in the United States said Trump earlier on Thursday asked for the appeal with XI.

LAID spat between Trump and Musk
Trump called Thursday Tesla CEO Elon Musk “Crazy” and threatened to reduce government contracts from its companies While the two men competed for a major tax bill. In response, Musk said that space X will start Deca -based downgrade “immediately.” “Without me, Trump would have lost the election“Added Musk later. Tesla Shares Sank more than 14%.

The central bank of Europe reduces rates
The European Central Bank Thursday has lowered its 2% key interest rate against 2.25% And reduced its inflation expectations to 2% compared to its March forecasts by 2.3% on the back of a higher euro and stronger energy costs. The ECB has left its growth forecasts for 2025 unchanged at 0.9% due to a first month of first month stronger than expected with a lower perspective.

American markets dragged by Tesla
American actions dropped Thursdayaltered by Tesla shares Tanking. THE S&P 500 remote 0.53%, the Industrial average Dow Jones lost 0.25% and the Nasdaq Composite lost 0.83%. Microsoft The shares, however, climbed 0.8% to reach a record and Recover the title of the largest company in the world by market capitalization. Europe Stoxx 600 hint checked 0.16%. The government’s obligations of the euro zone joined Thursday in the middle of the drop in the rates of the ECB.

Circle Pop shares after the IPO
Actions of Internet Circle group Engendered 168% Thursday After the company of Stablecoin and its shareholders sold raised nearly $ 1.1 billion in a first public public call. The action opened its doors at $ 69 on the New York Stock Exchange after its IPO at a price of $ 31. At one point, the shares were negotiated up to $ 103.75. Circle joins Jamming,, Mara Holdings And Riot platforms As one of the few cryptocurrency companies pure to list in America.

[PRO] A mild report on jobs is the best: JPMorgan
Investors should be rooted for a May job report This shows that the labor market is resistant very well In contrast to a big surprise in both directionsAccording to a Jpmorgan Negotiation office. Too low and the actions will take a hit; Too high and the bond market will react.

Business layoffs have increased in recent weeks. Here are the companies that make cuts

Companies are increasing pressure to reduce costs on the context of global economic uncertainty caused by Trump’s pricing policies. Several companies have announced price increase.

Drawings are another way to withdraw.

Although many companies have refused to provide specific reasoning for the reductions in the workforce announced – in place of layoffs with greater strategies or cost growth plans – technological leaders are starting to quote artificial intelligence as a clear consideration in hiring and reductions in head counts.

CNBC examines some of the companies that have announced layoffs in recent weeks.