A "Rip Your Face Off Rally"

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump’s pledge to pause tariffs on some trading partners ignited the biggest burst of buying Wall Street has seen since 2008. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose.Treasuries staged a tentative return to normalcy as investors dumped havens on fear of missing out on the great risk rebound. Two-year US yields briefly spiked past 4% as traders pared expectations for Federal Reserve rate cuts this year.Today's show features: Vincent Cignarella, Bloomberg Markets Live Macro Strategist Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management Danielle DiMartino Booth, CEO & Chief Strategist at QI Research See omnystudio.com/listener for privacy information.

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