OT: Pre Open Trading Down 1145

[Waterboy]

Trump is awesome. He’s the only president willing to take on the big problems. He’s an American hero.

[badgervike]

Just a reminder, he's lied about what his tariff tragedy has brought in. Lied the whole time.

That SHOULD matter to everyone, at least every American...right? Hmmm.

https://www.newsweek.com/trumps-tariffs-...ue-2065333

"Despite the gains, collections still fell far short of the lofty claims made by the president. During an Oval Office meeting on April 14, Trump declared, "Now we're making $3 billion a day." However, official data show the daily average was just $918 million — less than a third of Trump's claim."

When he made that claim, it was more like $192 million per day...but again, not everyone seems to mind him lying straight at America.

Yea..I'll be curious when the actual tariff numbers come in.  We all stockpiled inventory prior to the tariffs to ride out the short term storm.  I think I read that exports are down 70% for the last month as a result..which means less tariffs.   Some companies are still stockpiling in Free Trade Areas or similar.  The article you posted is a little disingenuous as it doesn't address the shipments prior to the tariffs and their short term impact on demand.  The Chinese are also using every trick in the book to evade tariffs including mislabeling, free trade zones, third country shipments.  Hopefully, this gets resolved soon.

[purplefaithful]

Yea..I'll be curious when the actual tariff numbers come in.  We all stockpiled inventory prior to the tariffs to ride out the short term storm.  I think I read that exports are down 70% for the last month as a result..which means less tariffs.   Some companies are still stockpiling in Free Trade Areas or similar.  The article you posted is a little disingenuous as it doesn't address the shipments prior to the tariffs and their short term impact on demand.  The Chinese are also using every trick in the book to evade tariffs including mislabeling, free trade zones, third country shipments.  Hopefully, this gets resolved soon.

Has to get resolved, its not sustainable...Its hard to cut through all the minutia as companies stockpile, hold inventories, keep cars at port etc..But not happy to see the GDP is actually down for the first time in 3 years. 

He's got brass balls for doing what he's doing, but I dont celebrate the how; just the result. 

Time will tell if the pain is worth the gain.

[Zanary]

Yea..I'll be curious when the actual tariff numbers come in.  We all stockpiled inventory prior to the tariffs to ride out the short term storm.  I think I read that exports are down 70% for the last month as a result..which means less tariffs.   Some companies are still stockpiling in Free Trade Areas or similar.  The article you posted is a little disingenuous as it doesn't address the shipments prior to the tariffs and their short term impact on demand.  The Chinese are also using every trick in the book to evade tariffs including mislabeling, free trade zones, third country shipments.  Hopefully, this gets resolved soon.

The extended damages from this also aren't shown, in terms of lost shipping, trucking, storage, and what-not...and as someone who was part of the Cummins "rare metal" emission sensor issues before and during COVID, I can't begin to tell you the chaos that comes from mandatory parts for the trucks themselves being deleyed/unavailable. Throw in states like Cali where the trucks also have to be within a certain emissions period (model year) to even be allowed on the docks...it was a s**t show last time, and this time around is already looking to be much worse.

The ripples worry me at least twice as much as the headlines, but there won't be links to the ripple damages for awhile, yet.

[Waterboy]

OMG, OMG!!!! lol

https://www.macrotrends.net/1319/dow-jon...e_vignette

[badgervike]

Has to get resolved, its not sustainable...Its hard to cut through all the minutia as companies stockpile, hold inventories, keep cars at port etc..But not happy to see the GDP is actually down for the first time in 3 years. 

He's got brass balls for doing what he's doing, but I dont celebrate the how; just the result. 

Time will tell if the pain is worth the gain.

Shouldn't have been a surprise.  As discussed, everybody was flooding the Country with foreign goods before the Tariffs kick in.  One of the major contributors in the Expenditure calculation for GDP is net Imports vs net Exports.  The trade deficit had a big jump up due to imports.  Obviously, that was a one time event and isn't a trend.  The good news is the inflation rate is the lowest it's been in 5 years.  That's why the market bounced back yesterday.  I noticed last night that none of the liberal media sources touched on the reasoning for the GDP being down...just that it was down...and you know...doom and gloom...recession...babies dying, etc.  There was certainly no mention of the inflation rate being at a 5 year low.

The tariffs needs to get resolved so that the economy can get beyond the uncertainty.

Btw...since this is a Dow Thread...Dow is up for 7 straight days and the futures are up today as well.  Again, tariffs need to get resolved before the market settles down

[Waterboy]

It's almost like the stock market kinda experiences growth over time if you don't just freak out when it goes down.

https://www.newsmatwitter.com/finance/st...d/1209060/

[Zanary]

On today's news on the radio, the Port of Seattle was reporting an expected 40% drop in both imports and exports due to the tariffs...which is hitting everyone from retail to shipping to logistics...and so one. Many economists worry that the size of the crater isn't even slightly known, yet.

I'm taking the financial information from our administration withe same cynicism they've earned with "258 Million Saved!", the massive distortions and drops in the so-called progress from DOGE, the complete fictions as to the tariff funds...

...this is a lying, incompetent, s**tshow of an administration. Why don't the lies bother the supporters?

That question should matter.

[Waterboy]

Wow, DJIA futures are going crazy. Stock Market may hit new highs before all the tariff deals are even completed. Lol

[Zanary]

Yep.

https://www.king5.com/article/money/busi...86ca6b200d

Of course, this doesn't matter much to anyone that can afford a "Trump Gold Card" to directly buy influence in our whore-in-chief's administration...so, I doubt the "billionaire buddy bunch" will notice.