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
*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
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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
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
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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
*A16z seeks $20B for AI focused growth stage investments
*A16z's AI investments include xAI, Databricks & OpenAI
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*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
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CHINA TO IMPOSE ADDITIONAL TARIFFS OF 84% ON U.S. GOODS FROM APRIL 10
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*TRUMP RAISES TARIFFS ON CHINA TO 125% EFFECTIVE IMMEDIATELY
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TRUMP ANNOUNCED 90-DAY RECIPROCAL TARIFF PAUSE WITH 10% RATE DURING THIS PERIOD FOR NON-RETALIATING COUNTRIES
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infinityhedge
TRUMP ANNOUNCED 90-DAY RECIPROCAL TARIFF PAUSE WITH 10% RATE DURING THIS PERIOD FOR NON-RETALIATING COUNTRIES
Tariffs paused for 90 days on non-retaliating countries
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TREASURY SECRETARY BESSENT: MEXICO AND CANADA INCLUDED IN 10% TARIFF
Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't Understand Trump's Maximum Level Tariffs
Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position. He told me strategy on Sunday.
Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't Understand Trump's Maximum Level Tariffs
Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position. He told me strategy on Sunday.
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Trump on the markets: "Up 2500 points. Nobody has ever heard of it. Gotta be a record."
Trump: I put a pause on Tariffs because people were jumping out of line; They were getting a little bit yipee. Little bit afraid. I have reversed tariffs for a short period of time.
Trump: Nothing's over yet but countries want to make deals; A Deal Could Be Made With Everyone, It has to be fair for US
Trump: Tariffs working out maybe faster than I thought
Trump: will look at exempting some US companies from tariffs
Trump: I am using instinct on such decisions, you have to have flexibility
Trump: I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. But, I saw last night where people were getting a little queasy
Update: Trump expected to hold cabinet meeting on April 10.
Trump: I put a pause on Tariffs because people were jumping out of line; They were getting a little bit yipee. Little bit afraid. I have reversed tariffs for a short period of time.
Trump: Nothing's over yet but countries want to make deals; A Deal Could Be Made With Everyone, It has to be fair for US
Trump: Tariffs working out maybe faster than I thought
Trump: will look at exempting some US companies from tariffs
Trump: I am using instinct on such decisions, you have to have flexibility
Trump: I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. But, I saw last night where people were getting a little queasy
Update: Trump expected to hold cabinet meeting on April 10.
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infinityhedge
TREASURY SECRETARY BESSENT: MEXICO AND CANADA INCLUDED IN 10% TARIFF Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't…
NO CHANGE TO CANADA, MEXICO TARIFFS: US OFFICIAL
*NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
*NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
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TRUMP: RECORD DAY ON STOCK MARKET SHOULD CONTINUE
*S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
*S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
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infinityhedge
NO CHANGE TO CANADA, MEXICO TARIFFS: US OFFICIAL *NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS
WHITE HOUSE OFFICIAL: 90-DAY 'PAUSE' ON TARIFFS DOES NOT APPLY TO TARIFFS ON CANADA, MEXICO; 25% TARIFF ON NON-USMCA TRADE WITH CANADA, MEXICO TO REMAIN IN EFFECT, EXCEPT FOR 10% TARIFF ON ENERGY AND POTASH
WHITE HOUSE OFFICIAL: TARIFFS ON STEEL, ALUMINUM, AUTOS TO ALSO REMAIN UNCHANGED
WHITE HOUSE OFFICIAL: TARIFFS ON STEEL, ALUMINUM, AUTOS TO ALSO REMAIN UNCHANGED
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infinityhedge
S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD
*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%
TRUMP: DIDN'T KNOW TARIFF PAUSE WOULD HAVE THAT IMPACT ON MARKET
Trump: "The biggest increase in the history of the stock market. That's pretty good. If you keep going, you're gonna be back to where it was four weeks ago."
TRUMP: SECTORAL TARIFFS STILL COMING
TRUMP: GOING TO PUT TARIFFS ON PHARMA COMPANIES
TRUMP: I 'CAN'T IMAGINE' FURTHER INCREASE OF TARIFFS ON CHINA
Trump: "I can't imagine it, No, I don't think we'll have to do it more. We, you know, we calculated it very carefully"
Trump: "The biggest increase in the history of the stock market. That's pretty good. If you keep going, you're gonna be back to where it was four weeks ago."
TRUMP: SECTORAL TARIFFS STILL COMING
TRUMP: GOING TO PUT TARIFFS ON PHARMA COMPANIES
TRUMP: I 'CAN'T IMAGINE' FURTHER INCREASE OF TARIFFS ON CHINA
Trump: "I can't imagine it, No, I don't think we'll have to do it more. We, you know, we calculated it very carefully"
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infinityhedge
*US FEB. CONSUMER PRICES RISE 0.2% M/M; EST. +0.3% FEB. CORE CPI RISES 3.1% Y/Y, EST. +3.2% *US FEB. CORE CPI RISES 0.2% M/M, EST. +0.3% *US FEB. CONSUMER PRICES RISE 2.8% Y/Y; EST. +2.9%
US CPI MOM ACTUAL -0.1% (FORECAST 0.1%, PREVIOUS 0.2%)
US CPI YOY ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.8%)
US CORE CPI YOY ACTUAL 2.8% (FORECAST 3%, PREVIOUS 3.1%)
US CORE CPI MOM ACTUAL 0.1% (FORECAST 0.3%, PREVIOUS 0.2%)
US INITIAL JOBLESS CLAIMS ACTUAL 223K (FORECAST 223K, PREVIOUS 219K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.850M (FORECAST 1.884M, PREVIOUS 1.903M)
*Atlanta Fed Barkin doesn’t see the impact of tariffs showing up until June as firms first run down existing inventories.
*Amazon CEO on Tariffs: We have done some strategic forward inventory buys; Thinks sellers will pass cost on to customers.
*Apple chartered cargo flights to ferry 600 tons of iPhones/1.5M iphones to US from India to beat tariffs.
US CPI YOY ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.8%)
US CORE CPI YOY ACTUAL 2.8% (FORECAST 3%, PREVIOUS 3.1%)
US CORE CPI MOM ACTUAL 0.1% (FORECAST 0.3%, PREVIOUS 0.2%)
US INITIAL JOBLESS CLAIMS ACTUAL 223K (FORECAST 223K, PREVIOUS 219K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.850M (FORECAST 1.884M, PREVIOUS 1.903M)
*Atlanta Fed Barkin doesn’t see the impact of tariffs showing up until June as firms first run down existing inventories.
*Amazon CEO on Tariffs: We have done some strategic forward inventory buys; Thinks sellers will pass cost on to customers.
*Apple chartered cargo flights to ferry 600 tons of iPhones/1.5M iphones to US from India to beat tariffs.
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infinityhedge
*TRUMP RAISES TARIFFS ON CHINA TO 125% EFFECTIVE IMMEDIATELY
US TARIFFS ON CHINA NOW AT LEAST 145% AFTER LATEST HIKE
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TRUMP THREATENS ADDITIONAL TARIFFS, SANCTIONS ON MEXICO OVER WATER RIGHTS
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