CNBCBy John Melloy & Hakyung KimApril 9, 2025Stocks surged Wednesday after President Donald Trump announced a pause in some of the ‘reciprocal’ tariffs, causing a market that’s been under extreme pressure for the last week to explode higher.The S&P 500 skyrocketed 8.5%, on pace for its biggest one-day gain in five years. The Dow Jones Industrial Average advanced 2,711 points, or 7.2%, also its biggest gain since 2020. The Nasdaq Composite jumped 10.8%.“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump posted on his Truth Social. Trump, in the same post, said he was raising the tariff on China higher again to 125%.Treasury Secretary Scott Bessent later clarified that all countries except China would go back to the 10% baseline tariff rate as negotiations take place. The pause would not apply to sector tariffs, Bessent said.Stocks that were heavily pressured by the trade war tensions led the comeback Wednesday afternoon. Apple and Nvidia soared more than 11% and 13%, respectively. Walmart shares rallied 9.7%. Tesla shares climbed more than 19% on the back of the pause announcement.
Is Trump playing a game with the Stock Market? Are people playing the ups and downs of the market? You can make money either way in the market, if you sell short you make money in the down market along with making money when stocks prices rise, but if you sell short you say I pay the price of the stock in 7 day. If the stock price goes down you make money.
I knew someone who bought stocks "short" in an orange juice because a cold front was moving for Florida and she bought short because a cold front was moving toward Florida and she thought that the stock price would drop because of freezing weather... but the cold front never made it to Florida and the price of the stock didn't drop. So she ended up losing money.
So with this on and off tariffs are people playing the market with the switching of the tariffs? So in the back of my mind I'm wondering if his billionaire friends are playing the market.
Since I wrote this Wednesday morning, it turns out that I wasn't the only one thinking that especially after Trump said this on social media! Senator Elizabeth Warren said yesterday morning...
And right before Donald Trump declared that some of his tariffs were “off” again – he sent out a message for his billionaire buddies. He posted “this is a great time to buy” in all caps. Was that market manipulation? Was it corruption in plain sight? We need an independent investigation into market manipulation. Because Americans deserve to know whether President Trump or anyone in his Administration manipulated the market to benefit their donors – all while working people and small businesses paid the price.
Especially after he said that it was a great time to buy! Very, very suspicious! The Washington Post writes about this,
Less than four hours before President Donald Trump’s tariff pause announcement sent markets soaring, he posted online telling his 9.4 million followers that it was a good time to buy.“THIS IS A GREAT TIME TO BUY!!! DJT” he posted on social media site Truth Social at 9:37 a.m. Wednesday. Shortly after 1 p.m., he announced on the same site that he would pause most new tariffs, causing the ailing stock markets to sharply rise.Democrats are now accusing Trump of “market manipulation,” and the term is trending on the social media platform X, with more than 33,000 posts.“The President of the United States is literally engaging in the world’s biggest market manipulation scheme,” the Democrats from the House Committee on Financial Services posted on X Wednesday afternoon.Trump has long drawn questions from ethics experts about his various business holdings, and he made no promises after he was elected to divest from any of his financial interests. Trump’s assets are in a trust managed by his children, the White House said.
CNBC write this about possible market manipulation.
April 9, 2025Investors who followed President Donald Trump’s blunt advice to buy stocks on Wednesday morning received a windfall when the president hours later rolled back some of his market-roiling tariffs.[...]If you invested $1,000 at that moment, you could have sold for as much around $1,110 when the holding hit its peak of the session.The SPY finished the session higher by 10.5%, which was its biggest one-day gain since 2008.
Hmmm... it would be interesting to see if any large blocks of stock were traded.
Here is her speech,
Can you say Teapot Dome?
Updated 3:00PM
MSN reported that...
Donald Trump is openly bragging about just how much money his billionaire buddies made off of his dangerous tariff gambit.After announcing a 90-day pause Wednesday on his sweeping “reciprocal tariff” policy on nearly every country—with the exception of China—Trump was excited to take credit for making a buck for his guests at the Oval Office.“He made $2.5 million today, and he made $900 million! That’s not bad,” Trump said, pointing to financial investor Charles Schwab and Roger Penske, a NASCAR team owner, respectively.Schwab’s estimated net worth is $12.6 billion, while Penske’s is $5.6 billion.Bloomberg reported that Wednesday was the “best day ever” for billionaires, as the world’s wealthiest people raked in a heaping $304 billion as the markets shot back up.The day’s biggest individual winner should come as no surprise: Elon Musk made a whopping $36 billion as Tesla stock soared up 23 percent. Trump’s surprising decision to temporarily back off his steep tariffs has sparked major concerns of obvious market manipulation, and even potential insider trading.
Of course the Republican Congress will do absolutely nothing! And neither will the DoJ so he will probably get away with it!
The primary reason Trump pulled back on his tariff was the selling off of United States Treasury bonds. Japan was a heavy dumper, along with China. Yes, there is a trade imbalance of goods but that is offset in part by the sale of services. Also, a lot of dollars come back because foreign countries buy treasury bonds. All the world has to do is stop buying bonds. How will the US pay off those bonds????? Raise taxes?
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