News Formal

Stanley Druckenmiller fears tariffs could kill the market's 'animal spirits'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The economy was expected to add a solid 180,000 jobs in May, but if the payroll number is way off, that could be a game changer for markets.

said on Friday that while the Trump administration's current tariffs on imports may not appear that damaging on paper, their chilling effect on business sentiment could have an even greater impact on the economy and financial markets.

"If you're a company and you're thinking about building a plant or doing capital spending – I mean really? Aren't you going to wait now: See how this thing is resolved, what's going on?" he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It already has. Just look at the jobs report and the bond market.

Indeed, and will hurt the average consumer as well.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil on Track for Bear Market Due to Global-Growth FearsOil prices were on track to sink into a bear market on Wednesday, falling more than 20% below their April peak, as the global-growth worries gripping financial markets were compounded by fears of a supply glut. Really?
Source: WSJ - 🏆 98. / 63 Read more »