Trump attack on Fed unsettles investors + China sends new Boeings back to the USA + Lawsuit against Tesla for alleged manipulation of odometers
Trump attack on Fed unsettles investors
- The US stock markets ended the first trading day after the Easter break with heavy losses. One negative factor was China's warnings to other countries not to enter into trade agreements with the US that could harm China's interests.
- According to media reports, US President Donald Trump also wants to fire Fed Chairman Jerome Powell.
- The Dow Jones index lost 2.5 percent to 38,170 points.
- The S&P 500 fell by 2.4 percent and the Nasdaq Composite by 2.6 percent.
- White House economic adviser Kevin Hassett said on Friday that the Trump administration was looking into whether it could fire Powell.
- The day before, Trump had sharply criticized the Fed chairman on social media.
- He repeated his accusations on Monday.
- The attack on the independence of the central bank weighed on US equities, bond prices and the dollar.
- https://www.finanznachrichten.de/nachrichten-2025-04/65166709-maerkte-usa-sehr-schwach-trump-attacke-gegen-fed-verunsichert-anleger-015.htm
China sends new Boeings $BA (-2,69%)back to the USA
- China is one of Boeing's most important customers.
- But because of Donald Trump, the US aircraft manufacturer's planes are now on the index in the People's Republic.
- At least two new 737 Max aircraft are returning to the USA from final assembly near Shanghai.
- The US aircraft manufacturer Boeing is apparently the first prominent American victim of Donald Trump's new trade tariffs.
- As the news agency Reuters reports, a 737 Max destined for delivery flew back from China to the Boeing plant in Seattle on Easter Sunday.
- A few hours later, a second aircraft left the Chinese production center in Zhousan and also headed for the United States.
- The Boeing production facility near Shanghai is responsible for the final assembly of the aircraft shortly before they are delivered to Chinese airlines...
- https://www.n-tv.de/wirtschaft/China-schickt-neue-Boeings-in-die-USA-zurueck-article25716512.html
Lawsuit against Tesla $TSLA (-5,92%)for alleged manipulation of odometers
- According to various media outlets, Tesla is facing a class action lawsuit for odometer tampering.
- One plaintiff reports that his Tesla Model Y has an odometer that runs 15 percent too fast.
- The plaintiffs are demanding compensation, while Tesla denies the allegations and is not responding.
- The US e-car manufacturer Tesla is facing legal action for allegedly manipulating the odometer.
- This has been reported unanimously by various media.
- Accordingly, a class action lawsuit has been filed against the company owned by tech billionaire Elon Musk, accusing Tesla of making its odometer run faster in the vehicles so that they fall out of warranty more quickly...
- https://www.businessinsider.de/wirtschaft/klage-gegen-tesla-wegen-mutmasslicher-manipulation-von-kilometerzaehlern/
Tuesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Airbus EUR 3.00
- Beiersdorf EUR 1.00
- UniCredit EUR 1.48
- Vinci EUR 3.70
- Nestle 3.05 CHF
- Geberit 12.80 CHF
- Chocoladefabriken Lindt & Spruengli 1,500.00 CHF
- Dell 0.53 USD
- Quarterly figures / company dates USA / Asia
- 12:30 3M | GE Aerospace | General Electric | Danaher Quarterly figures
- 12:45 Northrop Grumman | Halliburton quarterly figures
- 13:00 Verizon quarterly figures
- 13:30 Lockheed Martin quarterly figures
- 18:00 Adobe AGM
- 22:05 Tesla quarterly figures
- No time specified: Steel Dynamics | Quest Diganostic quarterly figures
- Quarterly figures / Company dates Europe
- 22:05 SAP quarterly figures
- 23:00 SAP Analyst Conference
- Economic data
10:00 EU: ECB, Results of the Survey of Monetary Policy Analysts | Results of the ECB Business Survey | ECB, Results of the Survey of Professional Forecasters Q2
11:00 EU: Public finances (1st release) 2024 | Government debt 4Q and 2024 | Government deficit 4Q and 2024
14:30 US: Philadelphia Fed Non-Manufacturing Activity 4/25
15:00 US: IMF, World Economic Outlook
16:00 EU: Eurozone Consumer Confidence Index (flash estimate) April
16:00 US: Richmond Fed manufacturing index 4/25
16:15 US: IMF, Global Financial Stability Report
No time specified:
- US: Fed Minneapolis President Kashkari, speaks at U.S. Chamber of Commerce Global Summit
- US: World Bank President Banga, IMF Managing Director Georgieva and the President of De Nederlandsche Bank, Knot, speak at the Bretton Woods Committee Spring Summit
