*US MARCH NONFARM PAYROLLS RISE +228K M/M; EST. +140K, PREV. +151k

*US MARCH UNEMPLOYMENT RATE 4.2%; EST. 4.1%
*US MARCH AVERAGE HOURLY EARNINGS RISE 0.3% M/M; EST. +0.3%
*US MARCH AVERAGE HOURLY EARNINGS RISE 3.8% Y/Y; EST. +3.9%

*US FEB PAYROLLS REVISED TO +117K; JAN REVISED TO +111K

TRUMP: ‘MY POLICIES WILL NEVER CHANGE’

TRUMP: TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE. THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!

TRUMP: GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING. HANK TOUGH, WE CAN’T LOSE!!!

TRUMP: CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!

*S&P 500 TUMBLES 5.1%, NASDAQ 100 DOWN 5.4%

*POWELL: TRUMP TARIFFS BIGGER THAN EXPECTED, RISKING HIGHER INFLATION

*POWELL: THE IMPACT OF TARIFFS ON THE ECONOMY MAY BE GREATER THAN EXPECTED

POWELL: UNCERTAINTY IS HIGH

*POWELL: A YEAR FROM NOW UNCERTAINTY SHOULD BE MUCH LOWER AS IMPACT OF TRUMP POLICIES BECOMES CLEARER

*POWELL: WILL WAIT FOR GREATER CLARITY BEFORE FURTHER ADJUSTMENTS

POWELL: IT FEELS LIKE WE DON'T NEED TO BE IN A HURRY, HAVE TIME

TARIFF SHOCK ERASES $5.4T IN JUST 48 HOURS

*S&P 500 CLOSES DOWN 6%, NASDAQ FALLS 5.8%

*S&P 500, NASDAQ 100 PLUNGES 9% IN WORST WEEK SINCE MARCH 2020

*AFTER RUSSELL 2000, NOW NASDAQ 100 ALSO ENTERED BEAR MARKET

*VIX INDEX CLOSES AT HIGHEST LEVEL SINCE APRIL 2020

*JPMORGAN SAYS TRUMP'S TARIFFS TO SEND US INTO RECESSION IN 2025

*JP MORGAN: "We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3%, down from 1.3% previously,"

MARKET SELLOFF RESUMES IN EARLY ASIA TRADING

*S&P 500, NASDAQ 100 FUTURES PLUNGE MORE THAN 5%

*WTI CRUDE OIL TUMBLES BELOW $60 A BARREL FOR FIRST TIME SINCE 2021

*COPPER FUTURES ON COMEX SINK BY MORE THAN 8%

*GOLD DOWN 2%, SILVER DOWN 4%, BTC DOWN 7%

*TRUMP: NOT INTENTIONALLY ENGINEERING MARKET SELL OFF

*TRUMP: I DON'T WANT ANYTHING TO GO DOWN. BUT SOMETIMES YOU HAVE TO TAKE MEDICINE TO FIX SOMETHING

*TRUMP: NOT MAKING CHINA DEAL UNLESS SOLVE TRADE DEFICIT; US DEFICITS WITH CHINA, EU CAN ONLY BE CURED WITH TARIFFS

Trump: “Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!”

GLOBAL MARKET MELTDOWN DEEPENS ⚠️

Asia:
*Japan’s Nikkei 225 Entered A Bear Market

*South Korea Kospi Index Fall 7%, Singapore's Equity Benchmark Fall 9%

*Taiwan’s tech-heavy equity benchmark slid 9.7%, the most on record, India’s key stock index slumped as much as 5%, the most since early June

*Hong Kong's Hang Seng Index Closes Down 13.2%, Biggest One-Day Drop Since 1997

CHINA:
*CSI Index Fall 7%
*China is mulling frontloaded stimulus to counter the tariffs

*Asia Credit Default Swaps Widen Most Since March 2020
*MSCI Asia Pacific Index slid by the most since 2008

Europe Open Lower:
*DAX plunged more than 10% at the open before trimming losses now down 7%, Stoxx 600 fell more than 5%, FTSE 100 Index Falls 5%

UNITED STATES:
*Traders now expect the Fed to cut another five times this year

*Goldman Sachs Cuts 2025 GDP Forecast To 0.5% From 1%

*S&P 500 FUTURES DOWN 3.5%, NASDAQ 100 FUTURES DOWN 4%, RUSSELL 2000 FUTURES DOWN 4.3%
*S&P 500 On Track For A Bear Market

*VIX Surge Above 50
*OIL Fall 5%, Hits 4 Year Low

Pre-Market Open:
APPLE DOWN 5%
MICROSOFT DOWN 5%
GOOGLE DOWN 5%
NVIDIA DOWN 6%
META DOWN 5%
AMAZON DOWN 5%
TESLA DOWN 8%
COINBASE DOWN 11%
MICROSTRATEGY DOWN 12%

CRYPTO:
*BTC DROPPED BELOW $76K, ETH DROPPED BELOW $1,500

TRUMP: THEIR IS NO INFLATION, REITERATES FED SHOULD CUT RATES, CHINA RAISED ITS ALREADY RIDICULOUSLY HIGH TARIFFS

*TRUMP: IF CHINA DOES NOT WITHDRAW TARIFFS BY APRIL 8, US WILL IMPOSE ADDITIONAL 50% TARIFFS APRIL 9

*TRUMP: ALL TALKS WITH CHINA CONCERNING REQUESTED MEETINGS WITH U.S. WILL BE TERMINATED IF 34% TARIFF NOT WITHDRAWN

*TRUMP: NEGOTIATIONS WITH OTHER COUNTRIES WILL BEGIN TAKING PLACE IMMEDIATELY

TRUMP ISSUES A VETO THREAT ON THE TARIFF BILL - AXIOS

*President Trump would veto the legislation introduced by Sens. Maria Cantwell (D-Wash.) and Sen. Chuck Grassley (R-Iowa) that would limit the president's authority to unilaterally impose tariffs, according to a White House statement seen by Axios

BLACKROCK CEO FINK: I STILL WON'T RULE OUT ANOTHER 20% MARKET DECLINE

FINK SEES ZERO CHANCE OF FOUR OR FIVE FED INTEREST RATE CUTS THIS YEAR

FINK SEES CHANCE OF POTENTIAL INTEREST RATE RISE

FINK WARNS THAT TARIFFS WILL WEAKEN THE US DOLLAR

FINK: ECONOMY IS WEAKENING AS WE SPEAK

FINK SAYS MOST CEOS HE TALKS TO SAY WE'RE ALREADY IN RECESSION

EU Proposes Counter-Tariffs on Range of US Imports at 25% in Response to US Steel Duties, Document Shows

Tariff To Take Effect From May 16

TRUMP SAYS WE'RE NOT LOOKING AT PAUSING TARIFFS

Trump: “We have many, many countries that are coming to negotiate deals with us, and they’re going to be fair deals, and in certain cases, they’re going to be paying substantial tariffs.”

Trump: “There can be permanent tariffs and there can also be negotiations because there are things that we need beyond tariffs.”

Trump says “one of the ways” to eliminate the trade deficit with the EU is for the EU to buy US energy.

Trump reiterates that non-tariff barriers are significant in negotiations

Trump: “We have an opportunity to change the fabric of our country. We have an opportunity to reset the table on trade. This is the only chance we’re going to have to reset the table on trade, and when we do, we’re going to come out, unbelievably well.”

Trump touts USMCA then says: “Canada, Mexico cheats like crazy.”

Trump on what kind of deal Israel would get on tariffs: “We’re not taking care of our enemies anymore, but we do take care of our friends.”

TRUMP ON REDUCING TARIFFS ON ISRAEL: MAYBE NOT

Trump: If nuclear deal talks with Iran aren't successful, I think Iran will be in great danger, Iran can't have a nuclear weapon.

RIPPLE: ACQUIRES PRIME BROKER HIDDEN ROAD FOR $1.25B

*Ripple CEO, Garlinghouse: Ripple has been a customer of Hidden Road for years.

*Hidden Road to migrate post-trade activity across XRP Ledger (XRPL) and will be using RLUSD as collateral across its prime brokerage services.

*The deal consisted of mostly cash as well as XRP and stock: Fortune

ZELENSKIY: CHINA HAS JOINED RUSSIAN'S WAR AGAINST UKRAINE

ZELENSKIY SAYS ONE MORE COUNTRY HAS JOINED RUSSIA'S WAR AGAINST UKRAINE AND THAT HE EXPECTS U.S. REACTION TO THIS

ZELENSKIY: ORDERED OFFICIALS TO OBTAIN EXPLANATION FROM CHINA REGARDING ITS SOLDIERS FIGHTING IN UKRAINE

ZELENSKIY: KYIV'S FORCES FOUGHT SIX CHINESE SOLDIERS IN EASTERN UKRAINE, TOOK TWO OF THEM PRISONER

ANDREESSEN HOROWITZ SEEKS TO RAISE $20 BILLION FOR ITS LARGEST-EVER FUND: SOURCES TO REUTERS

*A16z seeks $20B for AI focused growth stage investments

*A16z's AI investments include xAI, Databricks & OpenAI

*US MOVING FORWARD WITH 104% TARIFFS ON CHINA BECAUSE CHINA HAS NOT REMOVED ITS RETALIATORY TARIFFS; ADDITIONAL CHINA TARIFFS START AT 12:01AM APRIL 9: US OFFICIAL

CHINA TO IMPOSE ADDITIONAL TARIFFS OF 84% ON U.S. GOODS FROM APRIL 10

*TRUMP RAISES TARIFFS ON CHINA TO 125% EFFECTIVE IMMEDIATELY