David Gura

NEW @The_Budget_Lab ANALYSIS: The tariffs through the week of April 7th raise "consumer prices by 2.3% in the short-run, assuming no policy reaction from the Federal Reserve, a loss of purchasing power of $3,800 per household on average in 2024 dollars." https://t.co/6U1MakA4DC

As the S&P 500 erases its gains for the day, may I shamelessly commend the latest episode of "The Big Take" podcast, featuring @johnauthers? https://t.co/FpbjcWX8xR

The president’s Treasury secretary (left) and senior counselor for trade and manufacturing (right): https://t.co/f1Fc1eY6iQ

In a new note, Paul Donovan, the chief economist at UBS Wealth Management, makes an important point about how markets reacted to false reports of a 90-day halt to President Trump’s tariffs: “Erratic policymaking means stories of dramatic shifts in policy are credible.” https://t.co/WTNoAG2Og6

What’s happening on Wall Street? My conversation with @opinion's @johnauthers: https://t.co/FpbjcWXGnp

"The U.S. is driving itself into a recession," Prime Minister Mark Carney said. "I think the core message to Canadians is something I’ve said over and over again, but I want to really emphasize — we can give ourselves far more than the U.S. can take away." https://t.co/6ifHA7w212

BlackRock CEO Larry Fink, to @ErikSchatzker: "Most CEOs I talk to would say we are probably in a recession right now." https://t.co/FR5yZgavA5

"We now expect real GDP to contract under the weight of the tariffs," JPMorgan Chase & Co.'s chief U.S. economist writes. "The forecasted contraction in economic activity is expected to depress hiring and over time to lift the unemployment rate to 5.3%." https://t.co/7XoeFL6jzq

President Trump extends the TikTok deadline by 75 days. https://t.co/Rt2DtKFswe

As the sell-off continues, President Trump posts, “MY POLICIES WILL NEVER CHANGE.” https://t.co/v1ptkAZm90

Economist Julia Coronado, the founder and president of MacroPolicy Perspectives, on “Marketplace” moments ago: “We do now expect a recession to begin sometime in the second half of this year.”

*not quiescent https://t.co/BWqLdvQdkM

RT @davidgura: RBC's Lori Calvasina, in a note published after Thursday’s rout: “We have officially lowered our year-end 2025 S&P 500 pric…

RBC's Lori Calvasina, in a note published after Thursday’s rout: “We have officially lowered our year-end 2025 S&P 500 price target to 5,550 from 6,200, which is our second cut this year. With this move, our old bear case for the index this year has become our new base case.”

RT @Princeton: "We need to be true to our mission and we need to be true to our values." President Eisgruber sits down with @Bloomberg's @…