Quotes
Uncertainty is high and rising on Main Street, and for many reasons,
said NFIB Chief Economist Bill Dunkelberg, without elaborating
We saw companies start to pull back. Corporate spending started to stall,
CEO Ed Bastian told CNBC on MondayCompanies will have a tougher time in the short term to make investment decisions for the long term,
he saidCanada is a Tariff abuser, and always has been, but the United States is not going to be subsidizing Canada any longer,
Trump fumed Monday on Truth Social
We see a material risk that the U.S. falls into recession this year owing to extreme U.S. policies,
said economist Bruce KasmanFor context, the typical recession probability is 15 percent - the U.S. economy historically suffers a recession every 6 or 7 years on average, ... The economy will likely suffer a downturn if the Trump administration follows through on the tariff increases it has announced and maintains those tariffs for more than a few months.”
Zandi wrote on X
All the emphasis on tariffs and all the ambiguity and uncertainty has both chilled demand and caused prices to go up,
Summers saidI would’ve said a couple of months ago that a recession was really unlikely this year,
Larry Summers told CNNThe Stock Market Vigilantes have spoken,
president of global financial firm Yardeni Research, Ed Yardini, wrote
Will There Be a Trump Recession?”
The Wall Street Journal’s conservative editorial board continued to needle Donald Trump with its latest opinion piece, the headline of which asked
We will close NASA's Office of Technology, Policy, and Strategy, the Office of the Chief Scientist, and the Diversity, Equity, Inclusion, and Accessibility branch in the Office of Diversity and Equal Opportunity, along with reducing their workforce,
said PetroAnd I think it’s very unsettling to markets and it’s sort of the one thing that Trump is doing that’s probably not, especially in the short-term, healthy for the economy,
he saidIf a recession happens on his watch this year after all of the grand economic promises he made, I take it that would not be a good thing.”
Roberts, in a separate Fox News appearance early Monday afternoon, weighed in on Trump’s commentIf tariffs are such a good idea, why does he keep putting them on, taking them off, putting them on, taking them off?”
Kott askedThat’s not giving the market any sort of ease or certainty for investors so I wouldn’t be surprised if we have an even greater crash,
he addedObviously, the Dow is 1,500 points below where it was when Donald Trump took office. That’s not a good look,
said the “America Reports” co-anchor off-camera as he turned to the Dow Jones Industrial Average — which fell over 1,000 points and ultimately was down 890 points (or 2.08%) by day’s endThe potential for a recession is still a topic of debate among experts,
it concluded
On the other hand, ... there are arguments that while Trump's policies might lead to immediate economic challenges, they may not necessarily cause a full recession."
it continuedDetermining whether Donald Trump is causing a recession involves examining several aspects of his economic policies,
the bot saidWe're going to take in hundreds of billions of dollars in tariffs and we're going to become so rich, you're not going to know where to spend all that money,
Trump said