Chris Hayes

I wrote a paper in college about education (specifically college education) as a Giffen good that got me an interview with Gary Shilling many a year ago. He seemed to be fascinated by the topic of the increased cost of education (not so much my paper). Long story short, yeah not a good thing.

That’s a wrap. The top is in.
Thank you for your attention to this matter.

We need this more than you do, you'll be fine 🤣

Ah, great. Just in time for my 40th birthday in a month.

This is, objectively a bad thing. Good, reliable data helps give folks a sharper view of our economy and potential bumps in the road. This could end up like driving in a storm without your wipers. Not recommended.

*Taps the sign*

Good morning.

Welcome to my entire life bud...

I'd like to think @steveliesman.bsky.social got lost on his way to hang out with me and talk economics. Always a joy to hear him talk at length, nonetheless

I, for one, am tired of [gestures broadly]. I have grown weary of [points in all directions simultaneously].

Just a point of fact: No, not all US beef is hormone treated. But also, the economics of American beef don't always work in Europe. There are tons misconceptions about US food that are silly in today's world. The trade deal is light on substance, but lets not disparage US beef producers.

TELSEY begins tracking price increases over the past week. Some highlights:

* Abercrombie jeans: up 33%

* Amazon Echo: up 38.5%

* Target / Barbie doll: up 42.9%

Add, "well, you knowwww" to the list. Geez I really need to make a change 🫠

The irony in all of this of course is that a major reason why the Fed isn’t cutting rates is the uncertainty created by Trump’s own tariffs

This feels like a very important piece of news....

S&P 500 sees its 3rd best day post-WW2. BUT... the 1st and 2nd best days were in Oct, 2008. 🤷‍♂️

NASDAQ posts its 2nd best day ever.

Dow sees biggest POINT gain ever.

Tech Sector has best day since 2001, Discretionary and Comm Services best day since 2008.

Tariffs still in place:
—125% on Chinese imports
—25% on steel, aluminum and auto imports
—10% on nearly all other imports

Tariffs coming:
—On copper, lumber, semiconductor and pharma imports
—And maybe on other countries, depending on how the next 90 days go

And the S&P 500 is up 9% on the day

Thanks for playing. Drive home carefully.

a group of children are playing basketball on a court . ALT: a group of children are playing basketball on a court .

S&P up 4.05% at the high, ends the day down -1.57% and post first close under 5K since April, 2024

a man wearing a black shirt that says 10keys stands in front of a scoreboard ALT: a man wearing a black shirt that says 10keys stands in front of a scoreboard

*turns on computer to see futures open*

Tonight on CNBC-TV at 7PM ET: A Special Report on what comes next for Washington and markets caught in the tariff mess. Get a jump on the trading week.

"all day" is definitely a stretch, just read and enjoy.

All told the past 2 sessions cut $5.06 TRILLION in market cap from the S&P 500.

This figure is larger than the size of Germany's GDP.

The S&P is down $7.78 TRILLION in market cap from the inauguration.

This figure is more than 2x the size of the UK's GDP.

.... have a great weekend I guess 🤷‍♂️

Table of worst performers on the S&P this week.

198 of S&P 500 names fell more than -10% this week. 18 fell more than -20%. Worst performers:
APA
Micron
Microchip Technology
Western Digital
GE Healthcare

The Tech, Communication Services, Industrials, and Financials sectors also saw their worst week since Mar, 2020. Energy was the worst performing sector for the week, down -14.10%, its worst week since June, 2022.

Week-To-Date chart showing the losses for the Dow, S&P, and NASDAQ this week.

The Dow posted back-to-back losses of 1500 points or more for the first time ever. The S&P saw its 2nd largest point loss ever.

The Dow, S&P, NASDAQ, and Russell 2K all saw their worst week since Mar, 2020 (the beginning of the COVID pandemic).

Before things get (even more) serious, I'm going to give a proper introduction:

Hi, I'm Chris Hayes, but DEFINITELY NOT THE HOST OF "ALL IN". I'm a Quantitative Analyst at CNBC, I talk markets/econ... as such, it's been an interesting few days.

Soo... lets get into it....

If an expert like Kim can't figure out where the Trump tariff numbers are coming from, then they have to be extra-super-duper made up