Senior Editor (unnamed, possibly Cabot Phillips or another financial expert)
Appearances
Morning Wire
Pope Francis Tributes & “King of Kings” Box Office | Afternoon Update | 4.21.25
Stocks on Wall Street plunged Monday with the Dow dropping more than 1,200 points. The S&P 500 fell 3.2% and the Nasdaq lost 3.5% with nearly every major company now in the red. The U.S. dollar also took a hit, falling 1% to its lowest level in more than three years.
Morning Wire
Pope Francis Tributes & “King of Kings” Box Office | Afternoon Update | 4.21.25
Most of the investor anxiety stemmed from ongoing trade tensions with China and fresh attacks by President Trump on Federal Reserve Chair Jerome Powell, whom he called a, quote, major loser after pressuring the Fed to slash interest rates. Vice Chairman of Evercore ISI Krishna Guha warns any conflict between the White House and Federal Reserve will only add to the market uncertainty.