Trump and Musk’s breakup spills into the markets

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.

LAID spat between Trump and Musk
President Donald Trump called on 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% And lose $ 152 billion in value of the electric vehicle.

Trump speaks in Xi on trade
Trump and his Chinese counterpart Xi Jinping Thursday 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.

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%. But Microsoft Shares climbed 0.8% to reach a record and Recover the title of the largest company in the world by market capitalization. Asian-Pacific markets were mixed on Friday. India NIFTY 50 increased by 0.95% to 1:45 p.m. in Singapore after the country’s central bank reduced interest rates. Hong Kong Hang Seng indexHowever, slipped 0.4%.

The Central Bank of India offers a disproportionate cup
The reserve bank of India has reduced its rate of reference policy to 5.5% against 6%The lowest level since August 2022. The economists interviewed by Reuters expected the bank to reduce the rates of 25 base points. The decision comes from India reported Gross domestic product growth better than expected in its fourth fiscal quarter. However, the RBI held its estimate of the annual GDP at 6.5%, marking a net slowdown compared to the 9.2% observed during the previous financial year.

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] Prices could benefit LSE
The London Stock Exchange has struggled to attract companies that seek to become public – but some market observers say that a diversification focused on prices far from the United States could Help the United Kingdom to reconquer a larger share of the market IPO.

Trump and Musk Feud draw reactions from billionaires, politicians and experts. Here’s what said what

Trump and Musk seemed inseparable not so long ago: attending events together, doing joint interviews and being praised on each other. All this changed overnight.

Billionaire Bill Ackman urged Trump and Musk to stop fighting on Thursday. The two men should “make peace for the benefit of our great country”, ” Ackman said on x.

Tesla Bull Ross Gerber, head of wealth and investment management of Gerber Kawasaki, had hard words for musk in a X articles seriesdeclaring that Elon “now attacked all the people he helped to put in power”.

Others from Trump’s orbit, such as Trump’s former senior advisor, Steve Bannon, who clashed with Musk in recent months, have also criticized Musk, saying Trump should sign an executive order to take control of SpaceX.