Categories: Business

The billionaires react to the world’s sale of actions, including Elon Musk, Jamie Dimon, Bill Ackman

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The billionaires supporters of President Donald Trump, including Elon Musk, expressed Monday morning and issued warnings concerning the economy while the world’s stock markets dived more in response to the escalation of the trade war.

Key facts

Elon Musk: Trump’s new right-hand man has not expressed the prices explicitly, but after criticizing Trump’s best sales advisor during the weekend for defending the prices, Tesla CEO shared a video Monday Milton Friedman touting free trade and the benefits of imports.

Jamie Dimon: The CEO of JPMORGANCHASE published his annual letter to shareholders on Monday morning, which expressed his concerns concerning Trump’s prices, claiming that even if there are “legitimate reasons” to impose them, they will probably increase inflation and oblige a lot to consider a greater probability of recession “and to express concerns concerning continuous uncertainties in terms of Trump prices and “Will affect America.

Bill Ackman: The healing fund manager is a long -standing supporter of Trump, but turned against the president’s prices, the Balustrade against Trump’s trade secretary, Howard Lunick, and how the Trump administration calculated the prices and calling the White House to suspend them, writing that if the prices take effect. “”

Daniel Loeb: While Loeb said in February that he thought that Trump’s initial prices on Mexico and Canada would not harm the stock market, the hedge fund manager has spoken against Trump’s more radical policy, recently sharing a position on Monday that noted stock market chaos is “everything in the head of a person. Who can change his opinion at any time “and writing,” exactly “.

Large number

More than $ 10 billion. This is how the 10 main billionaires of Trump lost on the stock market only on Thursday, while the shares plunged into the immediate consequences of the announcement of Trump’s Wednesday price. This is only a fraction of the total of $ 270 billion that was suffered on the world billionaires on Thursday, Forbes calculated, with the meta-PDG Mark Zuckerberg, the chief of Amazon Jeff Bezos, the founder of Oracle Larry Ellison and Musk among those who were the hardest shot.

What does Trump said?

Trump broke his heels on his prices and doubled several times, even if they stimulated chaos on the markets. “The United States has a chance to do something that should have been done decades ago,” Trump posted on Trum on Monday morning concerning the prices. “Don’t be weak! Don’t be stupid! Do not be a panican (a new party based on weak and stupid people!). Be strong, courageous and patient, and grandeur will be the result!” The president also defended his prices to journalists on Sunday evening on board the Air Force One, saying that even if he did not want the world markets to fall from his prices, “sometimes you have to take medication to repair something.”

Key

Trump announced his pricing policy on Wednesday at a “liberation day” event, taking prices of 10% and increasing imports from almost all foreign countries, even uninhabited. The prices are holding a long-standing promise of the president to impose radical prices in order to restore manufacturing in the United States and to punish other countries for allegedly unjust commercial practices, which Trump has pushed despite the long warning of economists that this would increase the prices of American consumers and harm the economy. Critics of billionaires on Trump’s prices occur after dozens of the president in the November elections. More than 50 billionaires expressed their support for Trump and that the billionaires channeled millions in his campaign, even though the present-president made scanning prices a signature board of his platform.

Upon reading

ForbesDow Tanks 1,300 points and S&P 500 enters the bear market as the recession of fears accelerate (live updates)
ForbesThe 10 largest billionaire losers in the tariff war so far

ForbesHere is how much the biggest billionaire donors of Trump lost thanks to the prices

remon Buul

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