European Auto Stocks Slide As Trump Delivers Friday Twitter Tariff Broadside

European Auto Stocks Slide As Trump Delivers Friday Twitter Tariff Broadside

Ok, so just about the last thing anyone needed on Friday was more trade bombast from Donald Trump. As you're undoubtedly aware, Daimler cut its outlook after the bell on Wednesday, becoming the first major company to slash profit forecasts based on trade jitters. That news tanked the European autos sector, which suffered through its worst day since Brexit, capping off a five-day slide: For its part, Daimler was crushed, falling nearly 5% to its lowest in almost two years as CDS spreads widen
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2 thoughts on “European Auto Stocks Slide As Trump Delivers Friday Twitter Tariff Broadside

  1. Hey Walt,

    How do we know that everytime this pseudo-investor says something against a whole foreign industry, he doesn’t own shares in competitor companies?

    Where is the separation between his business interests and his presidential duties? He still hasn’t shown his taxes, or what financial interests he has; and he has not set up a blind trust (well maybe, he sons don’t actually see reality too well).

    Is he breaking any laws, constitutional or otherwise??

    What’s your take and what does large spreads in CDCs mean for the immediate future?

    Take good care,

    iRa Reschman
    Tampa, FL 33615

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