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Khan

@manzoorkhan

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Khan
@manzoorkhan
🟠DOW FALLS MORE THAN 100 POINTS AS CHINA TRADE TENSIONS RETURN TO END A BIG WINNING MONTH FOR MARKETS Stocks fell Friday, to close out a big winning month, after President Donald Trump said China violated its preliminary trade agreement, reigniting fears that the U.S. could enter a drawn out trade war. 🟠The Dow Jones Industrial Average declined 141 points, or 0.3%. 🟠The S&P 500 lost 0.7%. 🟠The Nasdaq Composite slid 1.3%.
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Khan
@manzoorkhan
NEWYORK SESSIONšŸ‡ŗšŸ‡ø Data Of US30 Companies Are More Negative USNAS100 Companies Are More Negative U.S Sectors Are Negative Impact šŸ”½ ________________________________________
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Khan
@manzoorkhan
āŗSTOCKS FALL AS TRUMP SAYS CHINA HAS VIOLATED TRADE AGREEMENT Stocks fell Friday, to close out a big winning month, after President Donald Trump said China violated its preliminary trade agreement, reigniting fears that the U.S. could enter a drawn out a trade war. āž”ļøThe Dow Jones Industrial Average slid 133 points, or 0.3%. āž”ļøThe S&P 500 lost 0.3% as well, along with the Nasdaq Composite. ________________________________________
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Khan
@manzoorkhan
šŸ”° TRUMP SAYS CHINA HAS 'TOTALLY VIOLATED' AGREEMENT WITH US ON TARIFFS #Gold #OilšŸ›¢
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India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. The print for the gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in a Reuters poll. That marked the strongest quarterly growth in the fiscal year of 2025, according to government data released Friday. India’s economy expanded by 6.5% in the full fiscal 2025 year, in line with the government’s February estimate. The growth outlook in Asia’s third-largest economy has remained relatively robust, thanks to strong domestic consumption and a relatively lower dependence on exports, cushioning the blow from U.S. President Donald Trump’s erratic trade policy. Trump last month slapped so called ā€œreciprocalā€ tariffs of 26% on goods imported from India as part of broader U.S. trade measures, only to lower them to 10% for 90 days ending in July
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GOLD SLIPS AS DOLLAR TICKS HIGHER, US INFLATION REPORT IN FOCUS Gold prices fell on Friday amid a slight uptick in dollar, while investors awaited a key U.S. inflation report that may provide further insight into the Federal Reserve’s policy trajectory. ________________________________________
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TRUMP COULD ASK SUPREME COURT TO HALT TARIFF BLOCK AS SOON AS FRIDAY The Trump administration said it may ask the U.S. Supreme Court as soon as Friday to immediately pause a federal court ruling blocking many of President Donald Trump’s tariffs. The U.S. will seek the ā€œemergency reliefā€ from the nation’s highest court ā€œto avoid the irreparable national-security and economic harms at stake,ā€ it said in a filing in the U.S. Court of Appeals for the Federal Circuit on Thursday morning. But the government said it will only take that step if the federal appeals court does not quickly issue at least a temporary pause of the tariff ruling. ā€œThe Supreme Court must put an end to this,ā€ White House press secretary Karoline Leavitt said Thursday afternoon in a blistering attack on the three judges who struck down Trump’s ā€œreciprocalā€ tariffs and other duties. The judges ā€œbrazenly abused their judicial power to usurp the authority of President Trump to stop him from carrying out
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Khan
@manzoorkhan
Good morning
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espresso tonic + matcha cookie šŸ“cafe osmo, montrĆ©al
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@manzoorkhan
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates. The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed. ā€œAt the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment, and inflation,ā€ the Fed statement said. ā€œChair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook.ā€ Moreover, the release indicated that Powell and his Fed colleagues remain committed to setting monetary policy on ā€œcareful, objective, and non-political analysis.ā€ The White House did not immediately respond to a CNBC request for comment.
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The comments follow a ruling from judges on the Court of International Trade who said that Trump exceeded his authority on tariffs, which are aimed both at combating barriers against American goods abroad and stemming the flow of fentanyl across the U.S. border. While the Centers for Disease Control has said that fentanyl is the primary driver in domestic overdose deaths, the judges ruled that related tariffs ā€œfail because they do not deal with the threats set forth in those orders.ā€ Hassett bristled at the ruling and said the administration will continue its anti-fentanyl efforts. ā€œThese activist judges are trying to slow down something right in the middle of really important negotiations,ā€ he said. ā€œThe idea that the fentanyl crisis in America is not an emergency is so appalling to me that I am sure that when we appeal, this decision will be overturned.ā€
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TRUMP ADVISER HASSETT IS CONFIDENT TARIFFS WILL PREVAIL DESPITE JUDGES’ RULING A top economic advisor to President Donald Trump expressed confidence Thursday that court rulings throwing out aggressive tariffs will be overturned on appeal. Kevin Hassett, director of the National Economic Council, said in an interview that he fully believes the administration’s efforts to use tariffs to ensure fair trade are perfectly legal and will resume soon. ā€œWe’re right that America has been mishandled by other governments,ā€ Hassett said during a Fox Business interview. ā€œThis trade negotiation season has been really, really effective for the American people.ā€
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šŸ”“Japan's PM Ishiba: I think Trump and I deepened our understanding. - Japan side initiated call with Trump this time. - I could visit the US before the G7 summit if required. - I discussed diplomacy, security and the economy with Trump. - There is no change in the stance of creating a win-win relationship.
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šŸ”“Japan's PM Ishiba: I talked for 25 minutes with Trump. - Japan's PM Ishiba: We aim to create jobs through investment. - Japan's PM Ishiba on Trump call: We exchanged views on tariff issues. - I think Trump and I deepened our understanding. - Japan side initiated call with Trump this time. - I could visit the US before the G7 summit if required. - I discussed diplomacy, security and the economy with Trump. - There is no change in the stance of creating a win-win relationship.
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āŗS&P 500 GAINS AS COURT BLOCKS TRUMP TARIFFS, NASDAQ JUMPS AFTER NVIDIA’S STRONG RESULT Stocks advanced on early Thursday after a federal court knocked down President Donald Trump’s ā€œreciprocalā€ tariffs. Solid earnings from artificial intelligence heavyweight Nvidia also buoyed the market. šŸ’¬The S&P 500 climbed 0.8%. šŸ’¬The Nasdaq Composite advanced 1.5% — putting it back in positive territory for the year. šŸ’¬The Dow Jones Industrial Average gained 46 points, or 0.1%. ________________________________________
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Khan
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NEWYORK SESSIONšŸ‡ŗšŸ‡ø Data Of US30 Companies Are More Positive USNAS100 Companies Are More Positive U.S Sectors Are More Positive Impact šŸ”¼ ________________________________________
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CRYPTOCURRENCIES RISE, LED BY BITCOIN, BOOSTED BY US OPTIMISM AND GOLD'S DECLINING APPEAL Cryptocurrency prices saw a significant rise during trading on Thursday, driven by increased investor appetite for riskier assets. This optimism stems from the US administration's efforts to ease regulatory restrictions on the sector, with the aim of fostering its growth and further integrating it into the traditional financial system.
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GOLDMAN SACHS: TRUMP HAS OTHER TOOLS TO IMPOSE TARIFFS DESPITE COURT RULING Goldman Sachs analysts believe that US President Donald Trump may be able to offset the US Court of International Trade ruling that invalidated most of his tariffs by employing other trade policies. Alec Phillips, the bank's chief US economist, wrote in a note to clients on Thursday: "This ruling represents a setback to the administration's tariff plans and increases uncertainty, but it does not change the bottom line for most of America's trading partners, and we expect the Trump administration to find other ways to impose tariffs."
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🟢Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary production cuts. Markets are awaiting a final decision on July production, with the eight countries — heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — set to review market conditions and iron out their output steps on May 31. These nations have been carrying out two sets of voluntary production cuts. One, totaling 1.66 million barrels per day, is in effect until the end of next year. Under the other, the countries trimmed their production by an additional 2.2 million barrels per day until the end of the first quarter. They have since agreed to gradually increase output by a combined 1 million barrels per day over April-June, including 411,000 barrel-per-day hikes in each of this and next month. The OPEC+ delegates
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🚨 Ilon Musk leaves the post of overseeing federal expenses of czar! He acknowledged that it was a "difficult struggle" and expressed gratitude to Donald Trump for the opportunity to reduce inefficient spending. Musk noted that bureaucracy terrifies him more than he expected. The court also resolved some lawsuits related to his DOGE project, accusing him of illegally influencing government operations. 😮 Musk added that due to his involvement in politics, he could have an unfortunate effect on Tesla's results. #Musk #DOGE #finance
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