B. Riley Financialの空売り状況は、投資家がB. Riley Financialの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

B. Riley Financial (NASDAQ:RILY) 株価情報, 空売り情報

B. Riley Financial

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional, and high-net-worth clients and also asset disposition, valuation and appraisal, and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications segment, and Consumer products segment.

B. Riley Financial Inc

B. Riley Financial, Inc. - 5.00% Senior Notes due 2026

B. Riley Financial, Inc. - 5.50% Senior Notes Due 2026

B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series B Cumulative Perpetual Preferred Stock

B Riley Financial Inc 6.375% Sr Nt 02/28/2025

B. Riley Financial, Inc. - 6.50% Senior Notes Due 2026

B Riley Financial Inc 6.750% Sr Nt 05/31/2024

B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock

B. Riley Financial, Inc. - 6.00% Senior Notes Due 2028

B. Riley Financial, Inc. - 5.25% Senior Notes due 2028

Amid a historic market selloff that has erased <a href="https://in.benzinga.com/25/04/44646615/donald-trump-predicts-a-market-boom-with-6-7-trillion-in-inflows-after-the-selloff-elon-musk-mark-zuckerberg-and-jensen-huang-lost-34-billion-in-a-single-day-eric-trump-suggested-buying-bitcoin-below-90000-but-it-hasnt-surgedcan-it-recover-top-headlines-while-the-us-slept">approximately $6 trillion in U.S. market value</a>, renowned fixed income investor Jeff Gundlach suggests the Federal Reserve&#8217;s current policy stance is too restrictive. However, he doesn&#8217;t anticipate immediate rate cuts.
What Happened: Gundlach, widely known as the &#8220;Bond King,&#8221; noted Monday that the 2-year U.S. Treasury yield has dropped to exactly 3.5%, implying that markets currently view the Federal Reserve's benchmark rate as "at least 75 basis points too high." 
However, Gundlach cautioned that rate cuts are unlikely in the near term, adding, "I do not see a single cut any time soon, unless the losses in risk assets greatly increase."
Gundlach&#8217;s comments come as the U.S. 2-Year Treasury yield fell to 3.541%, down 3.51%, while the 10-Year yield decreased to 3.934%, down 1.43%.
As of Monday, the CME FedWatch Tool <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">shows</a> a 52.1% probability of a 25 bps rate cut at the May 7 Federal Open Market Committee meeting, lowering the target rate to 400–425 bps. However, there&#8217;s still a 47.9% chance the rate remains unchanged at 425–450 bps.
The bond market signals coincide with a deepening global market rout triggered by President Donald Trump&#8216;s sweeping new tariff policies. U.S. stock futures extended losses Sunday evening, with Dow futures plunging over 1,000 points, or 3.26%, while S&amp;P 500 and Nasdaq futures <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">tumbled 3.73% and 4.60% respectively</a>.
Asian markets <a href="https://www.benzinga.com/markets/equities/25/04/44660089/japans-nikkei-futures-halted-hang-seng-crashes-8-8-as-global-market-rout-accelerates-on-tariff-shock-analyst-says-trumps-iphone-only-real-circuit-breaker">reflected similar distress</a>, with Japan&#8217;s Nikkei briefly triggering circuit breakers after futures fell more than 8%. Hong Kong&#8217;s Hang Seng crashed 8.81%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 2 year UST yield now sits at exactly 3.5%, suggesting the Fed Funds rate is at least for now viewed to be 75 basis points too high. Yet I do not see a single cut any time soon, unless the losses in risk assets greatly increase.
&mdash; Jeffrey Gundlach (@TruthGundlach) <a href="https://twitter.com/TruthGundlach/status/1909048752847089976?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Bill Ackman Warns Against Launching &#8216;Economic Nuclear War,&#8217; Wants A 90-Day Time Out On Trump Tariffs</a>
Why It Matters: Despite mounting market pressure, the White House has remained <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">firm on its tariff strategy</a>. &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; Trump said Sunday.
Treasury Secretary Scott Bessent attributed the <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">selloff to tech valuations rather than administration policy</a>, calling it &#8220;more a MAG 7 problem than a MAGA one,&#8221; referring to market leaders including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Fed Chair Jerome Powell has emphasized <a href="https://in.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">caution regarding rate cuts</a> despite market turmoil, stating the Fed does not need to be in a hurry while warning that Trump&#8217;s tariff package could raise inflation.
Venture capitalist Chamath Palihapitiya suggested traditional <a href="https://in.benzinga.com/markets/equities/25/04/44660335/chamath-palihapitiya-warns-fed-and-trump-may-no-longer-rescue-markets-as-bottom-50-of-americans-have-zero-interest-in-stocks">market rescue mechanisms may no longer be politically viable</a>, noting &#8220;the bottom 50% of Americans have zero interest in the stock market.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44660141/odds-of-recession-federal-reserves-emergency-rate-cuts-soar-on-crypto-based-polymarket-as-tariff-fears-pummel-markets">Odds Of 2025 Recession Soar Above 60% On Crypto-Based Polymarket As Tariff Fears Pummel Markets, Bettors Root For Emergency Rate Cut</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Bonds

Markets

AAPL

MSFT

NVDA

'Bond King' Jeff Gundlach Says Fed Rate Is 'Too High' By 75 Bps, But Warns Cuts Unlikely Without Sharper Risk Asset Losses

Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. This enhances the project economics and Woodside's cash flow profile ahead of revenues from Woodside's Scarborough Energy Project in Australia, strengthening the capacity for shareholder returns. The remainder of Stonepeak's committed capital will be funded in subsequent years.

Reported Sunday, Woodside Offloads 40% Stake In Louisiana LNG To Stonepeak In $5.7B Deal, Validating Project Value And Attracting Global Interest

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="582" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg" alt="" class="wp-image-9785" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-300x171.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-768x436.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">You Just Survived The 16th-Worst 2-Day Period For Stocks</h2>
According to Michael McDonough, Thursday and Friday were the 16th worst 2-day period for the S&amp;P 500 in history.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If my math is right, we just had the 16th worst 2‑day performance in the S&amp;P 500 in history: Top 25 Largest 2‑Day Declines: 1987‑10‑19: -24.57% 1929‑10‑29: -21.78% 1933‑07‑21: -16.81% 1987‑10‑20: -16.23% 1929‑11‑06: -14.66% 2020‑03‑12: -13.93% 1932‑10‑10: -13.59% 1933‑07‑20:…
&mdash; Michael McDonough (@M_McDonough) <a href="https://twitter.com/M_McDonough/status/1908265533230747690?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Some Of You Did More Than Survive</h2>
If you&#8217;re reading this, you survived. And if you followed our suggestions this week&#8211;to <a href="https://www.benzinga.com/markets/equities/25/03/44562306/are-we-heading-into-a-bear-market">raise </a>cash and hedge on Monday&#8230;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/q7rnVWN3hA">https://t.co/q7rnVWN3hA</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1906521233518125227?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
To enter <a href="https://www.benzinga.com/markets/equities/25/04/44607209/betting-on-both-outcomes-a-liberation-day-gameplan">binary trades</a> on Tuesday&#8230;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">(Max losses on both trades are 100%, which would occur if our two stocks end the week flat from here.)<a href="https://t.co/4SP9hoRYzy">https://t.co/4SP9hoRYzy</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907096366779687239?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
And to&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-adding-short-exposure">add short exposure</a>&nbsp;on Wednesday&#8230;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/0At9cbQEeE">https://t.co/0At9cbQEeE</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907505190971883920?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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</figure>
You thrived.&nbsp;
<ol>
<li>Credit put spread on&nbsp;Spotify Technology, S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). Entered at a net credit of $8 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-liberation-day">4/1/2025</a>; this is still open, but looks like we'll exit at a net debit of $10 on 4/4/2025.&nbsp;Loss: 100%.</li>
<li>Calls on Spotify (<a href="https://substack.com/discover/stocks/SPOT" target="_blank" rel="noreferrer noopener">SPOT 0.00%↑</a>). Bought for $1.67 on 4/1/2025; sold (second half) for $4 on 4/3/2025. Profit: 2%</li>
<li>Puts on Arm Holdings, Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Bought for $1.82 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 120%.</li>
<li>Calls on Broadcom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). Bought for $1.74 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 130%.</li>
<li>Calls on Spotify (SPOT 0.00%↑). Bought for $1.67 on 4/1/2025; sold (half) for $4 on 4/2/2025. Profit: 140%.</li>
<li>Credit call spread on Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Entered at a net credit of $7.50 on 4/1/2025; exited at a net debit of $0.20 on 4/4/2025. Profit: 292%.</li>
<li>Puts on Nvidia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Bought for $1.17 on 4/2/2025; sold (half) for $5.80 on 4/4/2025. Profit: 396%.</li>
</ol>
Although you took a bath on our bullish binary trade, the credit put spread on Spotify, you made money on everything else.&nbsp;
<h2 class="wp-block-heading">What If The Worst Two-Day Period Is Ahead Of Us?&nbsp;</h2>
The worst two-day period for the S&amp;P 500 happened in 1987. What if something that bad&#8211;or worse&#8211;happens again? In the guest post below, our friend David Janello, PhD, CFA, has a suggestion for how you can protect against that.&nbsp;
Dr. Janello is the founder of SpreadHunter, and the author of The Nuclear Option: Trading To Win With Options Momentum Strategies.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.amazon.com/dp/B0C87VC47C?ref_=cm_sw_r_ffobk_cp_ud_dp_JXCJEQK0686P75VWB8M6_1&amp;peakEvent=1&amp;dealEvent=0&amp;starsLeft=1&amp;skipTwisterOG=1&amp;bestFormat=true"><img loading="lazy" decoding="async" width="500" height="737" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg" alt="" class="wp-image-9786" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear-204x300.jpg 204w" sizes="(max-width: 500px) 100vw, 500px" /></a></figure>
Authored by David Janello, PhD, CFA at Nuclear Options Trading.
<h2 class="wp-block-heading">Protecting Against A 1987-Style Crash</h2>
With the market continuing its relentless drive lower, there are a few outcomes that can unfold over the next week or two. Here are option trades (with fill prices) to capture extreme profits in one or more of these scenarios. But equally important, we look at trades to avoid because of poor pricing.
The most likely possibilities for the market in the near future are:
<ol>
<li>A sharp move higher, from extreme oversold conditions (no news)</li>
<li>A violent move higher, based on a truce in the ongoing trade war</li>
<li>A continuous move straight down for 30-90 days, like 2022</li>
<li>Or a violent move lower, on either no news or an acceleration in the trade war</li>
</ol>
<h2 class="wp-block-heading">The More Likely Scenarios</h2>
In our opinion, Scenarios 1 and 2 are the most likely to occur. Unfortunately, the options pricing to capture these moves is extremely poor, which generates mediocre profits even if the forecast comes true.
Recall that we discussed the 2022 Scenario discussed in an earlier Nuclear Option Substack post, with an example bearish trade in TSLA that was profitable. And because of the potential for a violent move up (on tariff / trade war truce) we would avoid re-initiating this trade because of the extremely high risk.
The final scenario, a violent move lower, perhaps Monday at the open (like 1987) is the only scenario with decently priced spread trades.
Our favorite trade from this morning was this:
<ul>
<li>Long VIX Index 70-90 Call Vertical Spread Expiring April 16 at 0.20.</li>
</ul>
This trade risks 20- for a 2000- potential gain. Although it is a low probability trade, the potential profits more than make up for it. If we get a 1987 type crash on Monday morning, this is the trade have.
NOTE: You can only trade VIX Index Options and Complex Spreads on the CBOE Exchange.
Algorithmic Trades:
<ul>
<li>Visa (V) 255 Put 255 Strike Put Calendar Apr 17-Apr25 day traded for a 142% profit earlier. If you want to try to get more, set the max price at 0.07.</li>
<li>Exxon Mobil (XOM) 95 Strike Put Calendar Apr 17-25 day traded for 333% profit at the close</li>
</ul>
DISCLAIMER: All Content on the Nuclear Option Substack is for Education and Information Purposes only. It does not constitute a solicitation or recommendation to buy or sell any security. Before trading, consult with your Professional Financial Advisor and read the booklet Characteristics and Risks of Standardized Options Contracts, available from the Options Clearing Corporation.
<h2 class="wp-block-heading">If You Just Want To Hedge</h2>
As a reminder, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223551/QR-Code-2.jpg" alt="" class="wp-image-9787" /></a></figure>
And if you want a heads up when we place our next trade, you can subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can subscribe to Dr. Janello&#8217;s Substack<a href="https://nuclearoptiontrading.substack.com/">&nbsp;here</a>.&nbsp;
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;Also, you can follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="581" height="372" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg" alt="" class="wp-image-9788" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg 581w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2-300x192.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></figure>

Technicals

Options

Signals

Trading Ideas

AVGO

SPOT

TSLA

How to Protect Against A 1987-Style S&P 500 Crash Scenario

On Sunday, Ross Gerber, the CEO of Gerber Kawasaki Wealth &amp; Investment Management, shared a workaround to President Donald Trump's new tariffs on EU goods, revealing that U.S. consumers can avoid taxes by ordering items valued under $800 from the EU.
What Happened: Gerber highlighted an email from Swedish luxury shoemaker Morjas &amp; Company, which reassured U.S. customers that orders below $800 remain duty-free under current U.S. import regulations.
He shared this insight with his over 387,000 followers on X, formerly Twitter, writing, "Seems like if you order things in under $800 increments from the EU, then Trump can't tax you. Expect more of these emails from companies."
The email from Morjas explained that although the new tariffs have increased duties on EU products, the "de minimis rule" still applies to shipments under $800, meaning they remain exempt from additional duties or taxes.
&#8220;Steep tariffs on products from the European Union means that shipments above the 800 USD threshold may now be subject to higher import duties upon arrival in the U.S. The final amount depends on how customs classifies the products in your order,&#8221; the email read.
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy" target="_blank" rel="noreferrer noopener">JPMorgan Raises Recession Risk To 60% As ‘Largest US Tax Hike' In 60 Years Hits Global Economy</a>
Tariffs are direct taxes specifically applied to imported goods to protect domestic industries, while duties are indirect taxes imposed on consumers for both imported and domestic goods.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Seems like if you order things in under $800 increments from the EU, then Trump can't tax you. Expect more of these emails from Companies. <a href="https://t.co/DvB0nk8BPc">pic.twitter.com/DvB0nk8BPc</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1908963071584088237?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Trump's recent tariffs, <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">part of his "reciprocal tariff" strategy</a>, have created significant concerns about rising costs for U.S. consumers.
Under the new policy, a 10% universal tariff on all imports will take effect on April 5, 2025, with additional duties targeting specific countries such as China, India, and members of the EU. Essential materials will be exempt from the tariffs.
Last week, <a href="https://www.benzinga.com/markets/25/04/44640798/trump-ends-de-minimis-exemptions-shopify-bigcommerce-and-lightspeed-face-new-headwinds">Trump ended the de minimis exemption</a> for China and Hong Kong — a policy that previously allowed imports under $800 to enter the U.S. without tariffs.
The new order, which takes effect on May 2, 2025, comes amid Trump's accusations that Chinese shipping firms are exploiting loopholes and concerns over the influx of fentanyl from China.
U.S. Customs and Border Protection processes around four million de minimis shipments from China every day, allowing them into the country duty-free.
According to a White House fact sheet, these shipments will now be subject to a charge — either 30% of their value or $25 per item, with the rate increasing to $50 per item starting June 1.
Photo Courtesy: fizkes
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44309742/recession-watch-small-caps-sound-the-alarm-but-credit-markets-shrug" target="_blank" rel="noreferrer noopener">Recession Watch: Small Caps Sound The Alarm, But Credit Markets Shrug</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Regulations

Economics

Trump's Tariff Worries? Ross Gerber Points Out Ordering EU Goods Under $800 Still Keeps You Tax-Free

LG Electronics Inc. (LG) today announced its preliminary earnings results for the first-quarter of 2025, reporting a consolidated revenue of KRW 22.7 trillion and operating profit of KRW 1.3 trillion.
This marks the first time LG's first-quarter revenue has exceeded KRW 22 trillion. Despite ongoing macroeconomic challenges, including a global economic slowdown, the company's focus on "qualitative growth" businesses played a key role.
Operating profit exceeded KRW 1 trillion for the sixth consecutive year, continuing to reflect a stable profit structure. Increased revenue from high-margin areas created a strong operating leverage effect, helping to sustain a stable profit structure. Additional drivers of profitability included efficient resource allocation, normalization of raw material and logistics costs, and enhanced agility in global production operations.
&nbsp;

Earnings

LGEIY

LGEJY

Reported Earlier, LG Electronics Announced Preliminary Q1 Revenue Of KRW 22.7T And Operating Profit Of KRW 1.3T

HIVE

HIVE Digital Launches Bitcoin Mining Operations At 200MW Green Energy Site In Paraguay, Reports March 2025 Production Of 108 BTC

In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The average number of Bitcoins produced per day also rose to 17.1, up from 16.9 in the previous month.
As of the end of March, Cango holds a total of 2,474.8 Bitcoins, an increase from 1,944.7 Bitcoins at the end of February. The Company's deployed hashrate remained stable at 32 EH/s, while the average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in February.

CANG

Cango Mined 530.1 Bitcoins In March 2025, Marking A 12% Increase From February's 472.7 BTC; Average Daily Production Rose To 17.1 From 16.9

NABL

N-able Unveils Built-In Vulnerability Management For Unified Endpoint Management To Revolutionize Cybersecurity Efficiency

Billionaire investor Stanley Druckenmiller reaffirmed his opposition to tariffs above 10% on Sunday, injecting a note of caution into the escalating trade debate. In a rare post on X, the Duquesne Family Office founder emphasised his stance, distancing himself from President Donald Trump's sweeping tariff plan that includes rates as high as 50%.
What Happened: Druckenmiller had already <a href="https://www.benzinga.com/markets/25/01/43217282/fund-manager-stanley-druckenmiller-delivers-blunt-take-on-markets-after-trumps-return-in-terms-of-ma">warned in January</a> that any tariff beyond 10% could tip the delicate balance in global trade. "It's basically a consumption tax," he said in a CNBC interview, adding that part of the burden still falls on foreign exporters.
His message on Sunday left no doubt that he remains firm: "I do not support tariffs exceeding 10%, which I made abundantly clear in the interview you cite."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I do not support tariffs exceeding 10% which I made abundantly clear in the interview you cite
&mdash; Stan Druckenmiller (@standuquesne) <a href="https://twitter.com/standuquesne/status/1908896575025271171?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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See also: <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a>
Trump's proposal, announced earlier this week, sets a 10% baseline but allows for steeper tariffs on certain imports. Stock markets reacted with losses not seen since the height of the pandemic, rattling investors who fear further economic fallout. Some of Trump's allies, including White House National Economic Council Director Kevin Hassett, defended the move, predicting minimal impact on most American consumers.
Why It Matters: The <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">baseline 10% tariffs</a> took effect Saturday, prompting Trump to urge the nation to "hang tough" on his Truth Social platform. Yet Druckenmiller's approach suggests wariness about shifting the cost burden to regular consumers, who may feel the pinch if tariffs climb too high.
Druckenmiller, who previously hosted a fundraiser for Republican contender Nikki Haley, had made it clear in November that he won't vote for Trump or Kamala Harris.
On Sunday, Trump brushed aside a <a href="https://in.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">staggering $6 trillion market slump</a>, telling reporters, "I don't want anything to go down, but sometimes you have to take medicine to fix something." According to Reuters, he added that foreign governments would have to pay "a lot of money" to remove the tariffs, showing minimal concern for the deep dents in U.S. markets.
Image via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/25/04/44658808/scaramucci-on-tariffs-there-is-stupid-and-then-there-is-donald-trump-stupid">Scaramucci on Tariffs: &#8216;There Is Stupid and Then There Is Donald Trump Stupid&#8217;</a>

Stanley Druckenmiller On X: 'I Do Not Support Tariffs Exceeding 10%' As Trump Digs Heels On Trade Policy

The cryptocurrency market recorded another week of losses spurred by President Donald Trump's sweeping new tariff measures. However, some unconventional coins bucked the trend with healthy returns.
What happened: EOS, the native token of the open-source blockchain EOS Network, led the market with a 20% rally, extending its monthly gains to almost 30%.
The rally was spurred by the network's decision to rebrand to Vaulta, a network focusing on Web3 banking and real-world asset tokenization.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The infrastructure is built. The use case is live. Web3 Banking just got real. &#x1f50b; <a href="https://t.co/kugrr1VdD5">https://t.co/kugrr1VdD5</a>
&mdash; Vaulta (prev. EOS) (@Vaulta_) <a href="https://twitter.com/Vaulta_/status/1908536108285387034?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price&nbsp;</td>
</tr>
<tr>
<td>EOS (EOS)</td>
<td>+20.60%</td>
<td>$0.6965</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+8.46%</td>
<td>$0.4453</td>
</tr>
<tr>
<td>OKB (OKB)</td>
<td>+7.00%</td>
<td>$51.43</td>
</tr>
</tbody>
</table>
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As strange as it may sound, Fartcoin returned more than 8% to its holders during a week when cryptocurrency heavyweights capitulated. The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin surged more than 70% over the last month.
OKB, a cryptocurrency exchange token, followed Fartcoin with an impressive 7% rally last week.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
Elsewhere, the sentiment was grim. Blue-chip coins Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dropped 5.39% and 13.94%, respectively, largely attributed to <a href="https://in.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">Sunday's crash</a>.
Large-cap altcoins such as XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) also felt the pinch, losing 13%, 17.51%, and 14.23%, respectively, in the last week.
Memecoin heavyweights Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) slid 14% and 9.78%, respectively.
The total cryptocurrency market capitalization fell 8.5% to $2.45 trillion. 
Photo by Avi Rozen on Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

$ADA

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XRP

Fartcoin Returns Over 8% In A Week Marked By Dogecoin, Ethereum Bloodbath

Senior White House officials state that over 50 countries that were targets of <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">reciprocal tariffs</a> by the United States have since reached out to begin negotiations on the high import tariffs that have sent global markets spiraling over the past week. 
What Happened: Director of the White House Economic Council, Kevin Hassett doubled down on the tariffs imposed by the Trump Administration last week. 
During his appearance on ABC News&#8217; &#8220;This Week&#8221; with host George Stephanopoulos, Hassett mentioned that over 50 countries have already reached out to the White House since the tariffs were announced, willing to negotiate new trade agreements with the U.S. Government.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">White House National Economic Council Director Kevin Hassett defended Pres. Trump&#39;s tariffs, refuting the idea they will cost American consumers more. "I don&#39;t think that you&#39;re going to see a big effect on the consumer in the U.S." <a href="https://t.co/E6Bo1hnSDU">https://t.co/E6Bo1hnSDU</a> <a href="https://t.co/RY1o7fOwZi">pic.twitter.com/RY1o7fOwZi</a>
&mdash; This Week (@ThisWeekABC) <a href="https://twitter.com/ThisWeekABC/status/1908876991517880752?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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This comes amid <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">U.S. stock futures continuing to tumble</a> over the weekend, with the Dow, S&amp;P 500, and Nasdaq futures down 2.7%, 6%, and 5.7%, respectively. Besides this, the US dollar witnessed its steepest decline since November 2022, dropping 1.7% on Thursday.
Hassett who has worked as an economic advisor for republicans John McCain, George W Bush, Mitt Romney, and now Donald Trump, mentioned that the tariffs will not have a big impact on consumers in the U.S.
See More: <a href="https://www.benzinga.com/markets/25/04/44659901/jim-cramer-sees-same-pattern-as-1987-black-monday-crash-wonders-what-happens-on-monday">Jim Cramer Sees Same Pattern As 1987 &#8216;Black Monday&#8217; Crash, Wonders What Happens On Monday</a>
He further added that the &#8216;reason we have such a persistent, long-running trade deficit is because these people (other countries) have a very inelastic supply&#8217; referring to the dumping of goods by countries like China across price ranges, which are making manufacturing untenable within the United States. 
The conservative economist goes on to state that &#8216;cheap goods are not the answer&#8217; and that &#8216;wages went down more than prices went on&#8217; to make his case for the tariffs. However, this does not hold up, since <a href="https://www.aljazeera.com/news/2024/11/12/fact-check-are-weekly-wages-in-the-us-lower-than-50-years-ago">real wages have increased</a> over the past two decades, in part due to the deflationary effects of global supply chains. 
Why It Matters: Two of America&#8217;s largest trading partners, China and the European Union, which make up 8% and 13% of total trade volumes, respectively, have given indications of retaliation. China recently <a href="https://www.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">imposed 34% reciprocal tariffs on all U.S. imports</a>, and the European Union is planning retaliatory strikes this week.
Besides this, the tariffs have managed to unite regional rivals China, Japan, and South Korea, which are <a href="https://www.reuters.com/world/china-japan-south-korea-will-jointly-respond-us-tariffs-chinese-state-media-says-2025-03-31/">now planning a joint response</a>.
Recently, former Treasury Secretary Larry Summers also opposed Hasset&#8217;s views, going as far as to call tariffs &#8216;the biggest self-inflicted wound we&#8217;ve put on our economy in history.&#8217; Summers adds that if you add in the loss to consumers, the total bill for this misadventure could get as high as &#8216;$30 trillion.&#8217;
Photo Courtesy: Amani A via Shutterstock.com.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a></li>
</ul>

Trump White House Says Over 50 Nations Ready To Come To The Table On Tariffs

As global markets experience their worst selloff since March 2020, venture capitalist Chamath Palihapitiya suggests traditional stock market <a href="https://in.benzinga.com/25/04/44652055/its-more-a-mag-seven-problem-than-a-maga-one-treasury-secretary-says-as-wall-street-meltdowns">bailouts may no longer be politically viable</a>.
What Happened: The former Facebook executive wrote on X Sunday that &#8220;the top 10% of American households own 88% of the total equities owned by American households&#8221; while &#8220;the next 40% of households own 12%.&#8221; This means &#8220;the bottom 50% of Americans have zero interest in the stock market,&#8221; Palihapitiya noted.
His comments followed Treasury Secretary Scott Bessent&#8216;s remarks that market volatility is &#8220;more a MAG Seven problem than a MAGA one,&#8221; referring to major tech companies Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Palihapitiya agreed with Bessent&#8217;s assessment, adding that Americans in the bottom half of the economic spectrum &#8220;are likely in debt and, simply, just want to do better.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The top 10% of American households own 88% of the total equities owned by American households. The next 40% of households own 12%. This means the bottom 50% of Americans have ZERO interest in the stock market, are likely in debt and, simply, just want to do better. This… <a href="https://t.co/wSxXGxAquc">https://t.co/wSxXGxAquc</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1908375732788908422?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Bill Ackman Warns Against Launching &#8216;Economic Nuclear War,&#8217; Wants A 90-Day Time Out On Trump Tariffs</a>
Why It Matters: The venture capitalist challenged market orthodoxy, suggesting &#8220;conventional wisdom has been that there is always a Fed put or a White House put if the stock market contracts enough,&#8221; but warned investors that &#8220;this may be a moment to hold a radical new view which is that the put is off the table.&#8221;
Palihapitiya&#8217;s comments come <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">amid significant market turmoil</a>. The S&amp;P 500 plunged 6% Friday, pushing two-day losses past 10%, while the Nasdaq entered bear market territory after falling 22% from its record high. On Sunday, Dow futures fell 3.26%, extending the selloff.
President Donald Trump has shown limited concern about market losses, saying on Sunday, &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; according to Reuters.
Meanwhile, Fed Chair Jerome Powell <a href="https://in.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">has emphasized caution</a>, noting the Fed &#8220;does not need to be in a hurry&#8221; to cut rates despite <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44650370/trump-powell-rate-cut-polymarket">Trump&#8217;s public pressure</a>. Powell warned that Trump&#8217;s tariff package could raise inflation with &#8220;more persistent effects possible.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44659224/billionaire-charlie-munger-said-hed-be-the-richest-man-on-earth-if-he-could-go-back-100-years-and-start-over-i-could-have-done-a-lot-better">Billionaire Charlie Munger Said He&#8217;d Be The &#8216;Richest Man on Earth&#8217; If He Could Go Back 100 Years And Start Over — &#8216;I Could Have Done a Lot Better&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

GOOG

GOOGL

Chamath Palihapitiya Warns Fed And Trump May No Longer Rescue Markets As Bottom 50% Of Americans Have 'Zero Interest' In Stocks

As Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) continues its downward slide since Eric Trump recommended buying the second-largest cryptocurrency, renowned economist Peter Schiff cautioned against taking investment advice from the Trump family on Sunday.
What Happened:&nbsp;Schiff was reminded by an X user of the famous&nbsp;&#8220;It&#8217;s a great time to add ETH&#8221; remark by Eric Trump, the Executive Vice President of&nbsp;The Trump Organization and President Donald Trump&#8217;s second son.
&#8220;Yes, it&#8217;s best not to take any investment advice from the Trumps,&#8221; Schiff stated.
Schiff&#8217;s views were countered by another user, JB rocks, who wondered if the cryptocurrency critic would say the same if the <a href="https://in.benzinga.com/25/03/44512448/as-gold-hits-record-high-peter-schiff-points-to-dollar-distrust-and-inflation-gold-is-not-rising-due-to-uncertain">Trumps promoted gold</a>. 
It&#8217;s worth noting that Schiff is an avid advocate of gold, aggressively pitching the yellow metal as an investment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, it&#39;s best not to take any investment advice from the Trumps.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1908957697107697684?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44648898/shiba-inu-burn-rate-surges-1973-in-a-day-why-is-shib-not-going-up" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Surges 1,973% In A Day: Why Is SHIB Not Going Up? &#8211; Benzinga</a>
Notably, ETH has plunged 45% since Eric&#8217;s advice. Moreover, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has slid over 12% since he <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44642256/eric-trump-pitched-buying-the-bitcoin-dip-when-it-fell-below-90000-5-weeks-later-btc-is-yet-to-rip-but-is-there-still-hope">wrote</a>, &#8220;₿uy the dips,"&nbsp;in an X post from late February.
However, the declines haven&#8217;t been limited to the market heavyweights. President Trump&#8217;s Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), which POTUS called <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44451586/trump-meme-coin-spikes-retreats-after-potus-takes-to-truth-social-for-greatest-of-them-all-post-whale-takes-losses">&#8220;the greatest of them all&#8221; last month</a>, has cratered by 37% since the remark.
Cryptocurrency markets have faced persistent pressure from Trump&#8217;s <a href="https://in.benzinga.com/markets/25/04/44656945/74-billion-wiped-out-since-tariff-declaration-see-how-much-the-billionaires-lost">tariff policies</a> this year, mirroring the losses in equities. In the last month, the total cryptocurrency market capitalization has shrunk 13%, with nearly $380 billion in investors&#8217; wealth eroded.
Price Action:  At the time of writing, ETH was exchanging hands at $1,539.37, down 14.78% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Bitcoin traded at $77,534.51, down 6.87%.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44603859/bitcoin-braces-for-trump-tariff-announcement-short-term-optimism-has-the-upper-hand-experts-say" target="_blank" rel="noreferrer noopener">Bitcoin Braces For Trump Tariff Announcement: &#8216;Short-Term Optimism&#8217; Has The Upper Hand, Experts Say</a></li>
</ul>

$TRUMP

Peter Schiff Warns Against Taking Investment Advice From Trumps As ETH Crashes 45% Since Eric Trump's Push

On Saturday, Commerce Secretary Howard Lutnick said that Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones could soon be made in the U.S. as part of President Donald Trump's push to bring manufacturing back to American soil.
What Happened: In an appearance on CBS's Face the Nation, Lutnick said that Trump's tariffs would incentivize companies to move their production to the U.S., reducing reliance on overseas factories.&nbsp;
"The army of millions and millions of human beings screwing in little screws to make iPhones — that kind of thing is going to come to America," Lutnick said.
However, he also indicated that while manufacturing in the U.S. could lead to job growth in certain sectors, it might not create the large number of jobs expected due to increasing automation.
See Also: <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is the Trump administration considering any kind of subsidy or bailout for U.S. farmers or other industries to help weather the impact from tariffs? &quot;I have not participated in any meetings with respect to that,&quot; Commerce Secretary Howard Lutnick tells <a href="https://twitter.com/margbrennan?ref_src=twsrc%5Etfw">@margbrennan</a>. <a href="https://t.co/xBWRwRx2Of">pic.twitter.com/xBWRwRx2Of</a>
&mdash; Face The Nation (@FaceTheNation) <a href="https://twitter.com/FaceTheNation/status/1908899359187403182?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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Why It's Important: Trump's tariffs are creating significant uncertainty for American consumers, especially those in the tech sector. As the tariffs target key imports such as electronics, the cost of consumer goods like iPhones, which rely heavily on foreign production, is expected to rise.
Previously, analysts <a href="https://in.benzinga.com/tech/25/04/44655937/trump-tariffs-could-spike-iphone-prices-to-almost-2300-if-apple-decides-to-pass-on-the-costs-to-buyers">predicted a steep price increase</a> for iPhones due to the tariffs, particularly a 54% tariff on goods imported from China, where most iPhones are made.
Industry experts have suggested that if Apple passes these costs onto consumers, the price of an iPhone 16 Pro Max could rise by 43%, pushing the price from its current $1,599 to as high as $2,300.
Former Treasury Secretary Larry Summers slammed the tariffs as one of the most expensive and self-defeating moves by the U.S., warning they could <a href="https://www.benzinga.com/25/04/44622754/tariffs-are-most-expensive-and-masochistic-could-cost-30-trillion-to-the-economy-erasing-300k-per-family-explains-former-treasury-secretary-larry-summers">cost the economy up to $30 trillion</a> — roughly $300,000 per household.
The automotive industry is also bracing for impact. Analysts say the tariffs could push car <a href="https://www.benzinga.com/25/03/44119668/trump-tariffs-could-make-your-next-car-12000-more-expensive-expert-says-25-fees-will-have-a-sharp-negative-effect-on-auto-sales">prices up by $12,000</a>, potentially slowing down auto sales.
These tariffs — including a 25% duty on imports from Mexico and most Canadian goods (excluding energy products) — are part of a wider trade strategy that could carry serious consequences for both American businesses and consumers.
Price Action: Apple shares have fallen 22.75% year-to-date, ending Friday's session at $188.38, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo: Joshua Sukoff/Shutterstock
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Howard Lutnick Says Army Of Millions Will Build iPhones In The US, But Could Trump's Tariffs Make The Premium Apple Flagship Cost $2,300?

The odds of the Federal Reserve implementing an emergency rate cut soared dramatically on the prediction platform Polymarket as stocks and cryptocurrencies tumbled over tariff concerns.
What Happened: Bets in favor of the contract titled "Fed emergency rate cut in 2025?" <a href="https://polymarket.com/event/fed-emergency-rate-cut-in-2025?tid=1743978958509&amp;utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=%40polymarket">rose </a>from 20% to 36% over the last 24 hours on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based platform. As of this writing, the odds had fallen to 28%, but they were still significantly higher than the 16% a week before.
Over $149 million has been wagered on the outcome. The market will resolve to "Yes" if the central bank holds an emergency meeting in between its eight scheduled meetings in a year and lowers the federal funds rate.
Emergency meetings happen during periods of economic crisis. The bank held<a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm"> an emergency meeting</a> in March 2020 in reaction to the risk posed by the COVID-19 pandemic to the U.S. economy.&nbsp;
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
Meanwhile, the odds of a recession in 2025 <a href="https://polymarket.com/event/us-recession-in-2025">soared</a> to 63%, up from 39% a week ago. This market will resolve to "Yes" if the National Bureau of Economic Research declares a recession in the U.S. before Jan. 1, 2026.&nbsp;
Note that Polymarket is not available to<a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan"> U.S. residents </a>due to regulatory hurdles.
Why It Matters: Stock futures and cryptocurrencies recorded a <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">"Black Sunday"</a> as concerns over President Donald Trump's aggressive tariff measures deepened. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world's largest cryptocurrency, slipped below $80,000.
Last week, Trump <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44650370/trump-powell-rate-cut-polymarket">publicly urged</a> Fed Chair Jerome Powell to cut interest rates. However, the Fed appeared in no rush to move.&nbsp;
Powell adopted a <a href="https://in.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">cautious stance</a>, hinting that slowing economic momentum is not yet enough to ease the Federal Reserve&#8217;s inflation concerns.
As of this writing, the Fed's target range remains at 4.25% to 4.50%. 
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
</ul>

Macro Economic Events

Econ #s

$POL

Odds Of 2025 Recession Soar Above 60% On Crypto-Based Polymarket As Tariff Fears Pummel Markets, Bettors Root For Emergency Rate Cut

Japan&#8217;s exchange operator briefly halted trading in Nikkei stock futures Monday morning as global markets plunged in reaction to President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">sweeping new tariff policies</a>.
What Happened: The &#8220;circuit breaker&#8221; system triggered a 10-minute pause in trading at 8:45 a.m. Tokyo time after Nikkei 225 futures fell more than 8%. The mechanism, designed to prevent panic selling during extreme volatility, affected several futures contracts before trading resumed.
Japan&#8217;s Nikkei 225 plummeted 5.73% to 31,844.68 by late morning local time, while Hong Kong&#8217;s Hang Seng Index crashed 8.81% to 20,837.30, extending last week&#8217;s global selloff that wiped out <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">approximately $6 trillion in U.S. market value</a>.
U.S. futures indicated further pain ahead, with Dow Jones Industrial Average futures down 3.26%, S&amp;P 500 futures falling 3.73%, and Nasdaq-100 futures plunging 4.60% Sunday evening.
&#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; Trump said on Sunday, <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">showing little concern over the market reaction</a> and adding that foreign governments would need to pay &#8220;a lot of money&#8221; to lift the tariffs.
"The only real circuit breaker is President Trump's iPhone," said Sean Callow, senior FX strategist at ITC Markets in Sydney, according to Reuters. However, there's little sign the market turmoil is enough to deter him from the tariff agenda he's championed for decades, according to Callow.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/44658417/warren-buffett-stands-tall-in-2025-as-elon-musk-jeff-bezos-and-mark-zuckerberg-bleed-billions-in-net-worth-oracle-of-omaha-emerges-as-lone-gainer-among-top-billionaires-amid-market-rout" target="_blank" rel="noreferrer noopener">Warren Buffett Stands Tall In 2025 As Elon Musk, Jeff Bezos And Mark Zuckerberg Bleed Billions In Net Worth: ‘Oracle Of Omaha' Emerges As Lone Gainer Among Top Billionaires Amid Market Rout</a>
Why It Matters: Treasury Secretary Scott Bessent defended the administration&#8217;s stance, attributing the selloff to overvalued technology stocks rather than tariff policy. &#8220;This isn&#8217;t about tariffs, it&#8217;s about a dose of reality in the AI space,&#8221; Bessent claimed, calling it &#8220;more a MAG Seven problem than a MAGA one.&#8221;
The semiconductor sector has been particularly devastated, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) tumbling 17% last week — its worst performance since the 2001 dot-com crash.
The market turmoil has prompted warnings from financial experts. CNBC host Jim Cramer drew parallels to the 1987 &#8220;Black Monday&#8221; crash, noting a similar pattern of consecutive down days before a <a href="https://www.benzinga.com/markets/25/04/44659901/jim-cramer-sees-same-pattern-as-1987-black-monday-crash-wonders-what-happens-on-monday">potential cliff-edge decline</a>. 
Billionaire investor Bill Ackman, despite supporting Trump in the 2024 election, urged the president to pause the tariff <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">implementation for 90 days to allow negotiations</a>, warning of an &#8220;economic nuclear winter&#8221; if current policies continue.
Read Next:
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<li><a href="https://www.benzinga.com/media/25/04/44657800/trumps-tariffs-stir-global-markets-wall-street-loses-2-trillion-and-more-this-week-in-economics" target="_blank" rel="noreferrer noopener">Trump's Tariffs Stir Global Markets, Wall Street Loses $2 Trillion, And More: This Week In Economics</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Japan's Nikkei Futures Halted, Hang Seng Crashes 8.8% As Global Market Rout Accelerates On Tariff Shock — Analyst Says Trump's iPhone 'Only Real Circuit Breaker'

As Donald Trump's newly imposed tariffs cause turbulence in the stock market, Elon Musk has advocated for a zero-tariff policy — but the billionaire investor Mark Cuban predicts the President's plan will ultimately win in this debate.
What Happened: On Friday, the stock prices of some of the largest tech companies, known as the "Magnificent 7" — Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continued to take a sharp dive as a direct result of the trade war initiated by Trump's tariffs.
Apple saw a 7.29% drop, ending at $188.38, while Microsoft dropped 3.56%, closing at $359.84. Amazon fell by 4.15%, and Alphabet's shares decreased by 3.40% (Class A) and 3.20% (Class C).
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44535985/jim-cramer-says-he-is-pro-tariff-and-hates-free-trade-its-cost-us-fortunes">Jim Cramer Says He Is &#8216;Pro-Tariff&#8217; And Hates &#8216;Free Trade:&#8217; &#8216;It&#8217;s Cost Us Fortunes&#8217;</a>
Meta, Nvidia, and Tesla experienced even greater declines, with Meta dropping 5.06% to $504.73, Nvidia falling 7.36% to $94.31, and Tesla plummeting 10.42% to $239.43, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Amid the turmoil, Musk voiced his belief in a zero-tariff future, arguing that a free trade zone between Europe and North America would benefit global markets and consumers.
The Tesla CEO, who is a <a href="https://www.benzinga.com/markets/25/04/44657033/elon-musk-loses-11-billion-as-tesla-stock-plummets-in-wake-of-new-trump-tariffs">close adviser</a> to President Trump, was speaking at &#8216;The League Congress&#8217; hosted by Italian Deputy Prime Minister Matteo Salvini.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Full remarks by Elon Musk at &#39;The League Congress&#39; hosted by Italian Deputy Prime Minister Matteo Salvini <a href="https://t.co/JdtM3LDLJh">pic.twitter.com/JdtM3LDLJh</a>
&mdash; America (@america) <a href="https://twitter.com/america/status/1908561612631335214?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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Following Musk's remarks, Cuban took to X, formerly Twitter, and weighed in on the situation, saying, "Free Trade @elonmusk vs Full Tariff @realDonaldTrump and @howardlutnick is going to be fascinating to watch. They are the exact opposite sides of each other."&nbsp;
He went on to add that while zero tariffs would be advantageous for consumers by making goods cheaper. On the flip side, full tariffs would generate tax revenue but could also spark inflation.
He concluded his post by saying, "My money is on @realDonaldTrump winning."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Free Trade <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> vs Full Tariff <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> and <a href="https://twitter.com/howardlutnick?ref_src=twsrc%5Etfw">@howardlutnick</a> is going to be fascinating to watch. They are the exact opposite sides of each other. 0 tariffs (free trade as Elon proposes ) makes it cheaper to make overseas than it was under Biden. Which is great for…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1908905713809883398?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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Why It Matters: Last week, Trump announced new tariffs this week, including a 20% tax on goods from the EU. This means products coming from Europe will become more expensive in the U.S., which could lead to higher prices for consumers and tensions with trading partners.
Despite two days of sharp stock market drops, Trump stood by his decision on Saturday, posting on Truth Social that countries like China have treated the U.S. unfairly for too long.
He called the tariffs part of an "economic revolution" and urged Americans to "hang tough," promising the outcome will be historic and will help "Make America Great Again."
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/06221828/Screenshot-2025-04-07-at-7.48.19%E2%80%AFAM-1024x521.png" alt="" class="wp-image-859019" style="width:920px;height:auto" /><figcaption class="wp-element-caption">U.S. stock futures <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">plunged Sunday night</a> after last week's historic selloff, as the White House held firm on new tariffs despite $6 trillion in market losses, while Treasury Secretary Scott Bessent blamed the tech downturn on AI valuation fears rather than policy. Source: Truth Social</figcaption></figure>
Image via Shutterstock
Read Next:
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<li><a href="https://in.benzinga.com/news/25/02/43788384/fed-chair-powell-stands-firm-standard-case-for-free-trade-logically-still-makes-sense-amid-trumps-import-taxes">Fed Chair Powell Stands Firm: &#8216;Standard Case for Free Trade… Logically Still Makes Sense&#8217; Amid Trump&#8217;s Import Taxes</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Mark Cuban Says Between 'Free Trade' Elon Musk And 'Full Tariff' Trump, It Is The President Who Will Win As Stocks Futures Tank

Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target to $315 from $550 while maintaining an &#8220;outperform&#8221; rating, citing growing concerns about the electric vehicle maker&#8217;s brand perception and softening demand.
What Happened: &#8220;Our long-standing bull view of Tesla remains, but there is no denying this is a pivotal moment of truth for Musk to turn things around&#8230;or darker days are ahead,&#8221; Ives stated in a recent note shared by Tesla investor Sawyer Merritt on X.
The reduced outlook comes as Tesla faces multiple challenges. The company reported a 13% decrease in first-quarter deliveries, marking its lowest performance in nearly three years, despite introducing a refreshed Model Y in China in February.
Gene Munster of Deepwater Asset Management linked Tesla&#8217;s struggles to recent brand damage and predicted 2025 <a href="https://www.benzinga.com/25/04/44646680/tesla-to-face-steeper-sales-dip-in-2025-amid-growing-backlash-against-elon-musk-report">deliveries could drop 9% from the 1.79 million vehicles</a> delivered last year. Deutsche Bank analysts similarly forecast a 5% sales decline.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Wedbush analyst <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> has lowered his <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> price target to $315 (from $550). Dan: "Our long standing bull view of Tesla remains, but there is no denying this is a pivotal moment of truth for Musk to turn things around&#8230;or darker days are ahead. We have been one of…
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1908926942151373034?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The analyst also cut his Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target by 23% to $250 from $325, with a bear case of $160 and a bull case of $325 that assumes tariff removal or exemption.
&#8220;The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,&#8221; Ives said, according <a href="https://www.investors.com/news/tesla-stock-price-target-slashed-43-trump-tariffs-apple-pt-sliced-23/">to</a> Investor&#8217;s Business Daily. &#8220;In our view, no U.S. tech company is more negatively impacted by these tariffs than Apple with 90% of iPhones produced and assembled in China.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">Stock Futures Tank, Dow Sheds Over 1000 Points As White House Remains Firm On Tariffs: Trump Says, &#8216;Sometimes You Have To Take Medicine&#8217;</a>
Why It Matters: These challenges coincide with <a href="https://www.benzinga.com/markets/25/04/44657033/elon-musk-loses-11-billion-as-tesla-stock-plummets-in-wake-of-new-trump-tariffs">broader market turmoil</a>. Tesla&#8217;s stock plunged 10.42% on Friday following President Donald Trump&#8216;s announcement of new tariffs, including a 10% charge on all imported goods and 25% on foreign automobiles. The selloff wiped approximately $11 billion from CEO Elon Musk&#8216;s net worth.
Ives, historically one of Tesla&#8217;s strongest supporters, emphasized that Tesla&#8217;s brand is &#8220;suffering by the day as a political symbol&#8221; – likely referencing Musk&#8217;s controversial political involvement that has sparked consumer backlash.
While acknowledging the difficult road ahead, Ives expressed confidence in Musk&#8217;s ability to navigate the crisis: &#8220;Musk has been with his back against the wall many times and every time Tesla came out of it and was stronger on the other side&#8230;this may be one of his biggest challenges yet to turn around.&#8221;
Tesla faces additional headwinds from intensifying competition, particularly from Chinese manufacturers like BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), and declining market share in Europe.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/25/04/44658417/warren-buffett-stands-tall-in-2025-as-elon-musk-jeff-bezos-and-mark-zuckerberg-bleed-billions-in-net-worth-oracle-of-omaha-emerges-as-lone-gainer-among-top-billionaires-amid-market-rout">Warren Buffett Stands Tall In 2025 As Elon Musk, Jeff Bezos And Mark Zuckerberg Bleed Billions In Net Worth: &#8216;Oracle Of Omaha&#8217; Emerges As Lone Gainer Among Top Billionaires Amid Market Rout</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDDF

Dan Ives Cuts Tesla Target To $315, Slashes Apple By 23% Amid Tariff Fallout, Warns Elon Musk-Led EV Maker Faces 'Darker Days' Ahead

CNBC host Jim Cramer made a series of posts on X over the weekend warning of another &#8216;Black Monday&#8217; when the markets reopen on April 7th, in response to the tariffs imposed by the Trump administration.
What Happened: The former hedge fund manager drew parallels between the current market and that <a href="https://www.benzinga.com/news/23/10/35341139/black-monday-was-exactly-36-years-ago-and-1-market-condition-is-dangerously-similar-today">infamous week in October 1987</a>, when the Dow Jones Industrial Average dropped 23% in a single day.
The tweets were in addition to the now-viral video of Cramer&#8217;s Friday Mad Money segment, where he claimed that if President Donald Trump &#8216;doesn&#8217;t reach out to the countries and companies that play by the rules&#8217; then a 1987-like scenario has the &#8216;most cogency.&#8217;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEW: Jim Cramer warns of a 1987 &quot;Black Monday&quot; style stock market crash on Monday, says he is about to be super mad. &quot;Black Monday&quot; was a global stock market crash where the Dow Jones tanked almost 23% in a single day. &quot;If the president doesn&#39;t try to reach out and reward these… <a href="https://t.co/aPwnFzdXBA">pic.twitter.com/aPwnFzdXBA</a>
&mdash; Collin Rugg (@CollinRugg) <a href="https://twitter.com/CollinRugg/status/1908583445191942478?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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Cramer highlighted the similarities between the 1987 crash and current events, such as the markets dropping for three consecutive days, before going off the cliff the following Monday, resulting in worldwide losses of an estimated $1.7 trillion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Same damned pattern; that thursday, that friday&#8230;.. that Monday?
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1908247461703147940?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
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Cramer states that things could be different this time around, owing to the circuit breakers that have been put in place, that help protect investors by curbing trades during periods of steep declines. However, this only helps in slowing down the crash, and not avoiding it outright.
US stock futures <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">continued to tumble on Sunday evening</a>, and as of the time of writing, Dow Jones Futures were down 784 points or 2.05%, the Nasdaq by 950 points or 5.73%, and the S&amp;P 500 futures were down 322 points or 6%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the difference between now and 1987 is that the circuit breakers could slow things down. Will write about this in my CNBC investing club Sunday think piece
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1908620453741994445?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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See More: <a href="https://www.benzinga.com/markets/25/04/44658909/global-hedge-funds-and-etfs-offload-over-40-billion-in-stocks-following-trumps-tariff-announcement">Global Hedge Funds and ETFs Offload Over $40 Billion in Stocks Following Trump&#8217;s Tariff Announcement</a>
Why It Matters: The series of posts put out by the popular TV host led to &#8216;Black Monday&#8217; trending on X throughout the weekend, with several other influential finance users piling on with their own takes and concerns regarding the markets on Monday.
This comes amid growing opposition to the administration&#8217;s tariff policies, with several business execs and even Republican leaders and allies coming out against it over the past week.
Investor Bill Ackman, who endorsed President Trump in last year&#8217;s elections has joined the growing chorus against the tariffs, <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">calling it an &#8216;Economic Nuclear War,&#8217;</a> before urging the President to call for a &#8217;90-day time out&#8217; that would give enough time for all parties to negotiate and work out &#8216;asymmetric trade deals.&#8217;
Photo by s_bukley on Shutterstock
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<li><a href="https://www.benzinga.com/news/legal/25/04/44658889/conservative-nonprofit-launches-court-challenge-to-trump-tariffs-a-sign-of-things-to-come">Conservative Nonprofit Launches Court Challenge to Trump Tariffs — A Sign of Things To Come?</a></li>
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Jim Cramer Sees Same Pattern As 1987 'Black Monday' Crash, Wonders What Happens On Monday

Building a strong investment <a href="https://in.benzinga.com/personal-finance/25/03/44534646/dad-with-mini-portfolio-and-1m-investment-plan-wants-son-living-off-of-dividend-income-comfortably-reddit-debates-best-stocks-to-buy">portfolio</a> requires an allocation for growth, one for stability, and a last one for income, especially when it comes to planning for retirement.
One widespread investing strategy involves mixing dividend-paying assets with broad-market ETFs, allowing investors to profit from both compounding revenue and long-term <a href="https://in.benzinga.com/markets/bonds/25/02/43724725/at-home-restructured-bonds-offer-asymmetric-opportunity-via-high-yields-potential-capital-appreciat">capital appreciation</a>. By continuously investing a fixed amount each month, investors can grow their <a href="https://in.benzinga.com/personal-finance/25/03/44348490/how-does-your-wealth-stack-up-against-your-peers-heres-the-net-worth-youll-need-to-be-among-the-richest-10-at-each-age">wealth</a> while minimizing risk through diversification.
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Still, this strategy is often debated with some wondering whether dividend-focused ETFs are necessary for younger investors or if growth ETFs would deliver better returns in the long run. In a recent Reddit post, a 34-year-old investor shared he&#8217;s just starting his investing journey and is wondering whether his planned allocation can help him reach his financial goals.
His strategy involves allocating $2,000 per month across a mix of ETFs and dividend stocks, including 40 % to Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>), 20% to Invesco NASDAQ 100 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NASDAQ">QQQM</a>), 15% to Vanguard Total International Stock ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VXUS#NASDAQ">VXUS</a>), 15% to Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>), and 10% to SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
The poster&#8217;s goal is to build a portfolio that will generate substantial returns by the time he reaches his 50s or 60s. Yet, he's open to advice, especially regarding his 10% allocation to GLD. The Reddit community has offered the investor plenty of suggestions in the comments, so let&#8217;s jump into these right away.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Is the Investor&#8217;s Planned Allocation a Good Strategy? Reddit Weights In</h2>
Opt for Small or Mid-Cap ETFs
Several Redditors argued that gold may not be the best choice for a young investor with a long time horizon. Instead, they suggested small- and/or mid-cap ETFs or even bond funds for better growth potential or stability.
&#8220;I like everything except gold. I'd look into small/mid-cap ETFs, and maybe a total bond ETF if you&#8217;re worried about volatility,&#8221; a commenter wrote.
Suggesting other assets and even Bitcoin instead of GLD, this Reddit user appreciated most of the poster&#8217;s allocation: &#8220;Love it besides the GLD. I would go either with a small/mid-cap ETF or Bitcoin if you are interested in that.&#8221;
This commenter suggested the investor&#8217;s portfolio should be more focused on U.S.-based stocks rather than international assets.
&#8220;Too much international, and way too much gold. Would add some small- and mid-cap instead,&#8221; he wrote.
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Focus on Growth While Young
Many Reddit users argued that dividend ETFs like SCHD are less ideal for a 34-year-old investor, as growth-focused ETFs historically outperform over long periods.
&#8220;Zero reason for SCHD at that young of an age in my opinion,&#8221; a comment reads.
Suggesting that focusing on growth-oriented ETFs while young would reap better yields in the long run, this Redditor mentioned that the investor should shift to dividends when approaching retirement only.
&#8220;Because you are young, you could benefit from the time horizon and reap better returns from growth-focused ETFs over dividend ETFs, even taking into account dividend reinvestment. Closer to retirement you can transition to a dividend-focused portfolio,&#8221; he wrote.
&#8220;I&#8217;d skip QQQM and go 50% VOO, 25% VXUS, and 25% SCHD,&#8221; a commenter recommended.
Another Redditor suggested a similar allocation but also included GLD, saying, &#8220;I would drop the SCHD and QQQM in favor of more VOO and more VXUS. 65% VOO (or better [Vanguard Total Stock Market ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vti#NYSE">VTI</a>)]), 25% VXUS, 10% GLD.&#8221;
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Reddit Erupts Over 34-Year-Old's Plan: 'My Strategy Is To Add $2K Monthly' – Is His Mix Of ETFs And Dividends A Genius Move Or A Bad One?

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B. Riley Financial Completes Redemption of 6.375% Senior Notes due 2025

B. Riley Financial Announces Sale of Atlantic Coast Recycling, LLC for $70 Million in Cash Proceeds

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