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Tech Stocks Up, Musk Calls Trump Trade Advisor 'Moron' | Bloomberg Technology
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the market rebound as investors react to hopes for trade deals. Plus, former Treasury Secretary Larry Summers discusses the possibility of a recession. And Wedbush Securities’ Dan Ives says Elon Musk needs to leave the government to turn the fortunes of Tesla shares around. (Source: Bloomberg)
WE CONTINUE TO COVER THE AFTERMATH OF PRESIDENT TRUMP'S SWEEPING TARIFFS WITH STOCKS REBOUNDING ON HOPES OF TRADE DEALS FOLLOWING THE BIGGEST ROUTE IN FIVE YEARS. > > WITH SOUTH KOREA THEY SEEM TO BE FOLLOWING IN THE STEPS OF JAPAN AND TRYING TO OPEN VERY QUICKLY NEGOTIATIONS WITH WASHINGTON ON SOME KIND OF DEAL THAT WOULD AMELIORATE OR ELIMINATE ALTOGETHER RECIPROCAL TARIFFS THAT ARE ABOUT TO TAKE EFFECT AT MIDNIGHT TONIGHT. WE DID NOT LOWER OUR RATING, WE STILL MAINTAIN OUR BULLISHNESS ON ROBOTICS IN THE FUTURE OF TESLA, IN MY VIEW IT HAS BEEN A SAD FEW MONTHS TO WATCH BECAUSE IT IS BRAND DESTRUCTION BY THE HOUR, BY THE DATE, YOU CANNOT DENY IT.
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