Overview

• The Dow experienced significant declines last week, dropping 1700 points on Thursday and 2200 points on Friday, with further volatility expected as markets reopen.
• President Trump defended his tariff policies, describing them as necessary to correct economic imbalances caused by previous leadership and unfair trade practices by other countries.
• During a press interaction on Sunday, Trump called a Bloomberg reporter's question about market pain 'so stupid' and avoided further questions from her by redirecting to other journalists.
• Trump expressed confidence in the long-term strength of the U.S. economy, claiming tariffs are bringing in 'hundreds of billions of dollars' monthly and will ultimately make the U.S. the most dominant economic power.
• Critics warn that the tariffs could harm the economy by increasing costs for consumers and businesses, as market instability underscores concerns about their immediate impact.