Trump, Bessent and Musk Assuge fear, lifting stocks

(LR) United States Treasury Secretary, Scott Bessent, the Secretary of Commerce Haward Lutnick, Interior Secretary Doug Bergum, and the Secretary of Transport, Sean Duffy, which United States President Donald Trump is preparing to sign executive orders at the Oval Office of the White House on April 9, 2025 in Washington, DC.

Anna Moneymaker | Pictures of getty

All-America CNBC’s latest economic survey found that Americans’ opinion on how U.S. President Donald Trump manages the economy has fallen: for the first time since he entered the White House, More respondents reject that to approve the President on the economy.

Elon Musk, CEO of Tesla, who has been an important contributor to the Trump administration, has also seen a decrease in the reputation of his company and his company. More than 47% of the North -American Public View negativelyAccording to the same survey, compared to 10% of general engines. As for the Musk himself, around half of the respondents see him in a wasted light.

Markets, however, are open -minded and often instantly react to any positive change. On Tuesday, Trump’s refusal that Federal Reserve President Jerome Powell wants to launch, and Musk’s clarification, which will spend less time in Washington, DC, was enough to send Tesla shares and shares rates, although electric vehicles’ profits lost their expectations.

Although Cassio in the work of Shakespeare Othello describes the reputation as « the immortal part » of himself, in the markets, the barometer for the character is usually more forgiven.

What you need to know today

« Without intent » to shoot Powell: Trump
United States President Donald Trump « Without intent » of shooting Federal Reserve President Jerome PowellHe told journalists on Tuesday. « There is nothing, » Trump told the Oval office when he was asked to clarify he was not looking for Powell’s retirement. « He never did. » That said, the President added that « I would like (Powell) a bit more active in terms of his idea to reduce interest rates. »

“Descalization” in the United States-Chief Trade
Treasury Secretary Scott Bessent said on Tuesday at a closed door meeting to « wait »There will be a de -escalament« A Trump’s War of trade With China in a « very close future », a person from the room told CNBC. It is likely that negotiating with China is « a slogan », Bessent said at a private investor summit he hosted Jpmorgan chaseBut he added that neither « thinks the status quo is sustainable. »

Markets jump to promising news
North -Americans marked on Tuesday About Trump and Bessent’s statements. It S&P 500 increased by 2.51%, the Industrial average of Dow Jones won 2.66% and the Nasdaq composite Added 2.71%. Asia-Pacific markets increased sharply on Wednesday. Hong Kong’s PENG SENG INDEX jumped almost 2.5% and that of Japan Nikkei 225 Almost 2%has been added. However, the International Monetary Fund Tuesday reduced their growth forecasts For the main Asian economies by 2025, citing commercial tensions and « high political uncertainty ».

Tesla’s earnings fall short
Tesla Tuesday informed Income and earnings of the first quarter that lost their expectations. Total income dropped from 9% to $ 19.34 billion from $ 21.3 billion a year earlier. Net income caused 71% to $ 409 million, or 12 cents per action, from $ 1.39 billion or 41 cents a year ago. According to LSEG data, analysts expected an income of $ 21.11 million and a profit of 39 cents per action. Tesla is planning to enter India marketSaid CFO Vaibhav Tantej during his earnings call.

Musk says it will spend less time in DOGE
Despite Tesla’s disappointing earnings, which announced after the bell, his shares appeared more than 5% in extensive negotiation. Investors could be – encouraging the Director of CEO Elon Musk That his time spent managing the Trump government efficiency department will fall « significantly » from May. From Monday, Tesla’s actions were dropped 44% for the yeargenerating $ 11.5 billion in Market Brand Benefits for Tesla underpants by 2025.

(Pro) Safe safety currency in the middle of flight of us
Like the North -American Dollar The slides and the stock market, Investors accumulate in a safe security coin. A stock market related to it has increased by 8% in April, getting its gain from 2025 to 11%. Paul Feinstein, CEO of Audent Global Asset Management, called the currency « one of the most lasting safe paradises ».