Core Insights - The crypto market experienced significant liquidations, with over $16 billion wiped out in long positions following U.S. President Trump's threat of 100% tariffs on Chinese imports, leading to a global risk-off sentiment [1][2][3] - Bitcoin and Ether saw notable price fluctuations, with Bitcoin recovering to $113,294 and Ether to $3,844 after a brief drop below $110,000, marking a 10% decline in 24 hours [2][3] - The total market capitalization of crypto fell to $3.87 trillion, with approximately $16.7 billion of the $19.1 billion in liquidations coming from long positions [3][4] Market Dynamics - The recent crash resulted in the largest volume of liquidations in the crypto market, surpassing previous significant events such as the FTX collapse in 2022 and the early COVID lockdowns, although the percentage impact is less significant due to market growth since 2022 [4][5] - CoinGlass reported $19.13 billion in liquidations, suggesting the actual total could be higher due to slower reporting from major exchanges like Binance [5][6] - The U.S. government shutdown has delayed key economic data releases, adding to trader anxiety amid renewed trade war rhetoric [6]

And today, even if you're not a markets enthusiast, you should pay attention because it felt like we were back in April on liberation day when the president launched his trade war. The Dow plunged nearly 900 points. On a Friday, the NASDAQ lost 3.5% in its total value and the S&P had its worst day since midappril.Midappril. That was back when Trump threatened a 145% tariff on China. Well, today's sell-off immediately followed a Trump post on social media this morning, threatening a new round of tariffs on C ...

I'm not sure how you're reading this, because President Trump, as we've established already, is known for bluster, certainly before a meeting. The markets, though, think they just got a big reality check. Now, suddenly we do care about trade with China.Do you see this as the actual decoupling that we've been talking about. I don't think it's the actual decoupling, but I think some of us have been a bit mystified as to why the markets have been so sanguine all along. Maybe the deals, even with our allies, ar ...

Trade war 2.0?Remember last time this happened Trump was kind enough to tell us when to buy the exact bottom.Watcher.Guru (@WatcherGuru):BREAKING: 🇺🇸🇨🇳 President Trump to impose 100% tariff on China starting November 1st. https://t.co/eBCzqjqIhh ...

Group 1 - The dollar declined after President Trump threatened to increase tariffs on China, raising concerns about the trade war's impact on the U.S. economy [1] - The dollar index fell by 0.4% to 98.99, but is still on track for a weekly gain of 1.66%, the largest since September 2024 [2] - The euro and yen strengthened against the dollar, while commodity-linked currencies like the Australian dollar weakened [2] Group 2 - Traders are monitoring the potential reopening of the U.S. federal government and upcoming economic data that could influence Federal Reserve policy [3] - The U.S. Bureau of Labor Statistics plans to release September's consumer inflation report on October 24, which is crucial for determining the cost-of-living adjustment for 2026 [3] - There is a 97% probability that the Federal Reserve will cut rates by 25 basis points at its October meeting, with a 92% chance of an additional cut in December [4] Group 3 - The Japanese yen weakened due to concerns that the Bank of Japan may not raise interest rates this year following a political shift [5] - Japanese Finance Minister expressed worries about excessive volatility in the foreign exchange market, indicating potential government intervention [6]

Chip stocks sinking as President Trump threatens an escalation of USChina trade tensions. And this just hours after China announced an antirust probe into US chip giant Qualcomm. Mackenzie Sagalis has more in today's tech check.Mac, help me straighten out all these headlines. So Courtney, Qualcomm shares are plunging down 5% as it finds itself in the crossfire of an escalating trade war between the US and China. One that is now dragging America's biggest tech giants into the fight.Beijing's latest blow, its ...

12:00 noon. Good time to take a check on where we are here at the top of the hour. There's the NASDAQ down about 2%.We did reverse lower. By now, you know the headline that the president says the US is calculating a massive increase of tariffs on China over rare earth. China put those new export controls on them.They escalated the trade fight. So, that's where we are. It's Aean Jabvers who brought us this headline within the last hour.We're going to go back to him now with breaking news for what he has lear ...

Economic Growth - Economic growth has shown resilience in 2025 year-to-date despite negative macroeconomic conditions caused by the trade war and tariffs [1] - The primary reason for this resilience is likely attributed to frontloading [1]

Core Viewpoint - Aston Martin has issued a profit warning, attributing it to Donald Trump's tariffs and calling for more proactive support from the UK government [1][2]. Group 1: Profit Outlook and Financial Performance - Aston Martin downgraded its profit outlook for the second time this year, now expecting a larger loss than the previously forecasted £110 million [1]. - The company delivered 1,430 cars in the third quarter, missing its previous guidance of being "broadly similar" to the 1,641 vehicles sold in the same period last year [6]. - Aston Martin no longer expects to generate positive free cash flow for the second half of the current year [9]. Group 2: Impact of Tariffs and Trade Agreements - The company criticized the US tariff quota mechanism, stating it complicates forecasting for the financial year and beyond [4]. - A 25% tariff was imposed by Trump on April 3, 2023, on top of an existing 2.5% levy, which has disrupted the global economy and the car industry [3]. - A deal was reached in May to limit tariffs on 100,000 British-made cars to 10%, effective June 30, but Aston Martin found this deal unsatisfactory [3][4]. Group 3: Demand and Market Conditions - Weaker demand has been partly attributed to supply chain pressures, exacerbated by a recent cyber incident affecting a major UK automotive manufacturer [4]. - The British car industry has faced challenges this year, including a cyber-attack on Jaguar Land Rover, which has impacted production [5]. Group 4: Future Plans and Investments - Aston Martin is reviewing its future cost and spending plans, likely resulting in lower capital investment in engineering and development compared to the previous guidance of about £2 billion between 2025 and 2029 [9]. - The company is preparing to launch its $1 million (£743,000) Valhalla hypercar, with expected deliveries in the final quarter of the financial year, although forecasts have been adjusted due to engineering delays [7].

[Music] [Music] The Trump administration may roll out what it calls substantial support for American farmers who have suffered losses due to trade policy. Now, let's hear directly from the farm. Blake Hurst joins us.He is former president of the Missouri Farm Bureau and a farmer. Blake, welcome to the show. Um, I want to start off kind of bigger picture, Blake, because I'm curious to hear how the American farm economy is doing right now, Blake.You know, broadly, how is it is it holding up. What is your sens ...