The Dow closed down less than 800 points; the rollout of the Trump tariff plan — before Treasury Secretary Scott Bessent began putting the old genie back in the bottle to prevent an economic meltdown — saw far more wild moves in all sorts of investments. On Friday, the 10-year bond yield rose but is still below 4.5%, meaning people weren’t rushing to the safe haven of Treasuries to plan for the worst. It also has degraded the world’s most aggressively belligerent nation — the leading state sponsor of terrorism — by decapitating much of Iran’s military leadership, key scientists that were on the verge of developing nukes, as well as large swaths of its armed forces.
Author: Charles Gasparino
Published at: 2025-06-14 22:06:59
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