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Podcast: Bloomberg Daybreak: US Edition
Episode: Trump Tariffs Send Stocks Lower; Amazon Falls & Apple Gains on Earning
Description: On today's podcast: 1) Markets take a hit as President Trump unleashes a wave of new tariff rates. The world is facing some of the steepest US tariffs since the 1930s, with an average of 15%, according to the text. So far, the global economy has held up better than many economists expected after Trump’s initial tariff blitz. A rush to beat the elevated rates spurred a front-loading of exports, aiding many Asian economies and shielding US consumers from price spikes.2) Shares of Amazon sell off while Apple rises following the latest tech earnings. Apple reported its fastest qu...