At this point in time dow futures indicate an opening down more than 1000 points come Monday morning (from Fridays disastrousclose). This means that the dow is down more than 4000 points in the last 5 days as of 9 hours from this post. This puts the dow 500 points away from the worst 3 day stretch since the great depression.

In reference to the comments above about blame, I have notice a new grifter trend attacking Nintendo for Trumps tariffs. So here is the thing, Nintendo is clearly to blame for it's pricing schemes but if they have to launch at $600 then that is all Trumps fault and we will know because everything else will go up too. Can't blame Nintendo when the Xbox Series S starts selling for $500. (And obviously I already know Microsoft would simply stop producing consoles before it comes to that but you get my point)

...btw... if these tariffs stick can we just assume that Xbox consoles end this gen?

The USA and it's citizens did ask for this at the last election.

Alot of us didn't and a lot of us didn't vote for him.  We pleaded for common sense.  Please keep that in mind.  The problem is we underestimated what years of misinformation and grifting had done to many of our neighbors and their ability to think critically.   It's important to remember that Americans aren't naturally dumb.  We were feed lies and hatred for generations.  Someone (Russia) realized that the best way to beat an opponent is from within.   And it worked.  But don't count us out.  

By the way the Dow futures are now down by more that 1500 points (4%) .  This is now the worst streak in 100 years if it holds and will blow past the Covid drop.  And the market isn't even open yet.  So many hard working people are losing thousands upon thousands from their 401k.  I won't even check mine anymore.

To be more correct, even among voters, fewer than half of the total votes in 2024 went to Trump. He won a plurality, not a majority. 

The USA had an election and the majority of voters who voted, voted for Trump.
Trump got the popular vote. And then got the majority of electors on his side.

Ergo, the USA voted for this, the USA asked for this, it's the American democratic system at work.

The fact the American democratic system would let a narcissistic, pathological liar even get to the point where they can even be potentially elected? Is disconcerting, it erodes common sense, freedom and equal opportunity if you have a big enough check book and can lie hard enough.

As a Nation the USA should be ashamed of itself for what it has done to the entire planet, it's people and most of all... How the USA threw all it's allies under the bus with zero regard.

Nintendo and Sony Shares Fall in Tariff-Induced Wipeout for Japan Stocks - Bloomberg

2025 Stock Market Crash - Wikipedia

It needs a proper name attaching it fully to Trump.

Here Are the Smartest Economic Takes on Trump's Tariffs - Business Insider

Business Roundtable

Joshua Bolten, the CEO of Business Roundtable, an association that represents more than 200 CEOs, said in a statement the tariffs "run the risk of causing major harm to American manufacturers, workers, families and exporters." He added: "Damage to the US economy will increase the longer the tariffs are in place and may be exacerbated by retaliatory measures."

Larry Summers

"Never before has an hour of Presidential rhetoric cost so many people so much," Larry Summers, a former Treasury secretary, wrote on X. "The best estimate of the loss from tariff policy is now closer to $30 trillion." Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.

Mariana Mazzucato

"These tariffs will cause inflation in the United States; they will cause lower consumer power of US workers. The estimates are between $1,700 to $5,000 per family in terms of the costs of these tariffs," Mariana Mazzucato, an economics professor at University College London, told ITV's "Peston" program.

David Rosenberg

"So, this tariff file is now being labeled 'Make America Wealthy Again'? What is with that adverb 'again' which is defined as 'returning to a previous condition'? The previous condition, I can tell you, was not nearly as good as the current condition, seeing as US net national net worth just reached a record level of $157 TRILLION (a cool $1.2 million per household … too bad we don't all live at the average!)," David Rosenberg, the founder and president of Rosenberg Research & Associates, said on X.

"Have tariffs really stood in the way of wealth creation in America? I think the title should simply be the truth: 'Let's Make the World Poor Again' (and then we can buy it at a discount)," Rosenberg added.

Nouriel Roubini

"Whatever the consequences of these tariffs will be — ie lower growth and higher inflation and how much of it depending on the eventual size of these tariffs post-negotiations that will be ugly and long-drawn. There is absolutely no 'liberation' at all in them: not for US consumers, workers and businesses, let alone for the rest of the world," he said on X.

Paul Krugman

"He's gone full-on crazy," Paul Krugman, a Nobel Memorial Prize-winning economist and former MIT and Princeton University professor, wrote in his Substack newsletter. "If you had any hopes that Trump would step back from the brink, this announcement, between the very high tariff rates and the complete falsehoods about what other countries do, should kill them," Krugman added.

The Yale Budget Lab

"The price level from all 2025 tariffs rises by 2.3% in the short-run, the equivalent of an average per household consumer loss of $3,800 in 2024$. Annual losses for households at the bottom of the income distribution are $1,700," wrote the Yale Budget Lab in a new analysis published on April 2, shortly after Trump's blanket tariff announcement.

Justin Wolfers

"Monstrously destructive, incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence. And the real tragedy is that they will hurt working Americans more than anyone else," said Justin Wolfers, an economics professor at University of Michigan and public policy scholar, on BlueSky.

Jim O'Neill

Jim O'Neill, a former chief economist at Goldman Sachs, told BBC News on Friday that the "sensible" thing to do would be for the UK to speak to other members of G7, aside from the US, about lowering trade barriers between each other, particularly for cross-border services.

He said this would be "very healthy for all those countries because it's the one area of global trade that most countries haven't done enough in."

If the US wants to continue down this "kamikaze path," the UK will have to respond, O'Neill added. "It is the US which is going to be hurt more, especially in the short-term, from these rather insane moves."

Stephanie Kelton

"Just had a journalist ask me to explain "Liberation Day,"" Stephanie Kelton, the author of The Deficit Myth, wrote in a post on X. "I told him it's about liberating Americans from some of the cash in their wallets."

Musk Again Distances Himself From Trump Tariffs By Scoffing At Lutnick’s Attempt To Explain Duties On Penguin Island

He also just tweeted a video of this as well after Trump's stupid China pencil comment.

It's clearly a passive aggressive dig at Trump but the dude is too much of a coward to call him out directly.

Hopefully MAGA can now stop pretending that they ever liked Musk.