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What to know about the stock market tumble after President Trump criticized Jerome Powell

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CBS News business analyst Jill Schlesinger breaks down what to know after stocks fell Monday following President Trump’s criticism of Fed chair Jerome Powell. Last week, Powell warned tariffs could hurt the U.S. economy.

Each weekday morning, “CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. “CBS Mornings” airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app.

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24 COMMENTS

  1. Now that the markets has grasp that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves

  2. Given the current volatility of the stock market, I believe investors should concentrate on undervalued equities. Diversifying investments across various asset classes, such as stocks, bonds, and real estate, is, in my opinion, the safest way to handle it. This can lessen the impact of a market crash.

  3. The stock market MIGHT recover. America's standing in the world, our reputation, other countries trusting us again, respecting us again????? That will take a LONG time to repair, if ever.

  4. Great content! very interesting from the beginning. These are challenging times and I appreciate your sensitivity in discussing global finance. Trading and investing are great ways to build wealth and I have no doubts about the profitability of the cryptocurrency market. Earning €10,000 per week even during a recession and high inflation is impressive. Gianluigi Ventre is doing a great job and is the perfect person to lead this investment activity✊👊

  5. Tumbling dice? Trump has been a Russian spy for about 38 years and counting. An ex-KGB chief: “In 1987 I worked in… the KGB of the USSR in Moscow… our department recruited the 40 year-old businessman from the USA, Donald Trump, nicknamed ‘Krasnov’.” That’s when Trump starts buying full-page ads attacking NATO. “Putin is doing a great job of outsmarting our country.” He says. Steele report: Russian operatives gathered damaging video evidence of perverted sex acts of presidential candidate in 2013, for blackmail. Mueller said “There were multiple, systematic efforts to interfere in our election.” Trump campaign had more than 140 contacts with Russian operatives, and Trump attempted to obstruct justice at least ten times. Campaign chair lied about then finally admitted to sharing info with Russian spy. Trump, ignoring US intelligence said: “…Putin, he just said it wasn’t Russia. I will say this, I don’t see any reason why it would be.” Secret meeting in Trump Tower with Russkies. Jared attempts to set up secret back channel to Russia in the Russian embassy. Trump to NATO member on prospect of Russian attack on their country “In fact, I would encourage them to do whatever the hell they want.” Trump: “If Putin likes Donald Trump… That’s called an asset…” Yeah, a Russian asset. FBI chief Kash Patel was paid $25,000 to appear in anti-FBI video by Russian backers. “The love in the air, I’ve never seen anything like it” Trump said of January 6 rioters, some of them cop-killers… “Russia if you’re listening…” “I think you will probably be rewarded mightily…” Yes, they own a seditious, treasonous felonious American president. Where do you think all those top secret docs in the bathroom ended up? Anonymous says they have evidence the election was hacked for Trump, using Starlink… Whistleblower at NLRB says 15 minutes after DOGE got busy in NLRB, Russia tried to log in, with DOGE passwords, via Starlink… Even before whistleblower filed complaint, he was threatened, along with drone footage of himself… All allegedly…

  6. Jerome Powell, appointed by President Trump during his first term, is now facing the threat of termination — a deeply alarming development. The Federal Reserve, a cornerstone of economic stability, is designed to operate independently of political influence. This is vital for maintaining the trust and credibility of financial institutions both at home and abroad.

    Powell, in fulfilling his duty with integrity, has spoken the truth: Trump’s tariff policies are poised to inflict serious harm on the U.S. economy that will lead the US economy to stagflation, a toxic combination of negative economic growth and soaring inflation. These are not partisan opinions; they are evidence-based forecasts from the nation’s top monetary authority.

    Threatening to fire the Fed Chair for offering a professional economic assessment is not only reckless — it’s a direct assault on the independence of the Federal Reserve.

    Such actions erode public confidence, destabilize markets, and destroy the democratic norms that have sustained this nation for generations. Trump’s conduct represents a clear danger to both the stability of the U.S. economy and the integrity of its democratic institutions.

    The country cannot afford to remain passive in the face of repeated assaults on the rule of law — including the purge of thousands of dedicated federal workers whose only offense is serving their country with professionalism and integrity. Impeachment proceedings must begin without delay to defend the Constitution, restore institutional integrity, and protect the future of our democracy.

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