Wall Street Legend: Why Stocks Are Very Likely to Crash in Trump's 2nd Year

Legendary investor Marc Chaikin says stocks could crash in 2026--he's even calling the exact month and most likely day it will start. No one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. And now, Chaikin is calling the crash of 2026.

Business News Digest

AAMER MADHANI and ZEKE MILLER
March 11, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

--------------------

UPCOMING

--------------------

US--TRUMP-ECONOMY

Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies

SUMMARY: President Donald Trump says that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor. Trump says the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on electricity sold to the United States. Trump says on Truth Social that he will double the tariffs. The U.S. stock market promptly fell following the social media post.

WORDS: 688 - MOVED: 03/11/2025 10:17 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:8a5f28d9bb16e0b8a924d99ead0907fa&mediaType=text

___

US--TRUMP-MUSK-TESLA

Trump says he'll buy a Tesla to show support for Musk as his company faces financial trouble

SUMMARY: President Donald Trump says he'll buy a Tesla to show support for his adviser Elon Musk, who faces escalating political blowback and financial troubles. It's the latest and most unusual example of how the Republican president is backing his most powerful adviser. Trump made the announcement early Tuesday, calling Musk "a truly great American." The White House hasn't elaborated on Trump's plans for buying the vehicle. Tesla is facing sagging sales and plunging stock prices as Musk dedicates himself to overhauling and downsizing the federal government as part of Trump's administration. Musk continues to run the automaker, the social media platform X and the rocket manufacturer SpaceX.

WORDS: 561 - MOVED: 03/11/2025 10:21 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:9a43c57a0591a4c7ed8d3f1b2c7ef8d9&mediaType=text

With:

SLUMPING TESLA

Trump says he's going to buy a Tesla as more Americans say they won't

SUMMARY: After one of the worst single day sell-offs in Tesla's history, President Donald Trump is throwing his support behind his advisor, billionaire Elon Musk, vowing to buy one of his cars. Tesla has been pummeled this year under competition from rival electric vehicles, particularly out of China, as well as his close association with Trump and with far right causes globally. Shares have plummeted 45% in 2025 and on Monday tumbled more than 15%. On a Truth Social post, Trump blamed "Radical Left Lunatics" for tanking Tesla sales and said he would buy one of Musk's cars on Tuesday.

WORDS: 674 - MOVED: 03/11/2025 8:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:b3118cbab69fbfaa3abcceb059ba8c58&mediaType=text

--------------------

NEW AND DEVELOPING

--------------------

FINANCIAL MARKETS

Stock market today: Wall Street's sell-off eases as Tesla and other recent market losers steady

SUMMARY: Wall Street's sell-off is easing following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high. The S&P 500 was 0.2% higher Tuesday. While only modest, the gain would provide a respite after the index swung by at least 1% seven times in the last eight days. The Dow Jones Industrial Average dipped 132 points following the prior day's drop of nearly 900 points. The Nasdaq composite rose 0.8%. Several Big Tech stocks supported the market by holding steadier after getting walloped in recent months, including Elon Musk's Tesla and Nvidia.

WORDS: 570 - MOVED: 03/11/2025 9:57 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:33b8562c7b76fe3b967ea6cd9d61719b&mediaType=text

---------------------

US-JOB-OPENINGS

US job openings rose to 7.7 million in January, a sign Trump inherited a strong labor market

SUMMARY: U.S. job openings rose at the start of the year, another sign the job market was solid when President Donald Trump returned to the White House. The Labor Department reported Tuesday that U.S. employers posted 7.7 million vacancies in January, up from 7.5 million The outlook for the labor market is murky as Trump wages a trade war with foreign countries, purges federal workers and threatens to deport millions of immigrants. Layoffs fell slightly, and the number of Americans quitting rose.

WORDS: 237 - MOVED: 03/11/2025 10:29 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:b501b566251e0b54216f521dab11b19e&mediaType=text

___

US--SOUTHWEST-CHECKED BAGS

Southwest Airlines breaks with another tradition and checked bags will cost you now

SUMMARY: Southwest Airlines says it's going to begin charging certain customers a fee to check bags, as the budget airline continues to look for ways to increase its revenue. The company also announced Tuesday that it will roll out a new, basic fare on its lowest priced tickets bought on or after May 28. In a regulatory filing, Southwest disclosed that it now anticipates first-quarter revenue per available seat mile will be up 2% to 4%. Its prior forecast was for an increase of 5% to 7%. The airline said it expects capacity to be down about 2%.

WORDS: 573 - MOVED: 03/11/2025 9:18 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:463d2b0e1176fed222a11cf244648f1a&mediaType=text

___

US--TRUMP-TARIFFS-KENTUCKY BOURBON

Kentucky bourbon makers fear becoming 'collateral damage' in Trump's trade war

SUMMARY: The owners of Brough Brothers bourbon in Kentucky are ready to put their business plan into action. They have a new distillery set to open soon. They hope to cultivate new markets in Canada and Europe, but those plans have been complicated by an emerging trade war instigated by President Donald Trump. Victor Yarbrough, the distiller's CEO, says efforts to gain a foothold in Canada are on pause, as are plans to break into Germany and France with its bourbon. Other U.S. whiskey makers face similar dilemmas. Yarbrough calls distillers "collateral damage" in the disputes.

WORDS: 1299 - MOVED: 03/11/2025 12:05 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:11bbb928bcacccb6ba35c31522783e14&mediaType=text

----

US--CONGRESS-BUDGET

Republicans are marching ahead with a government funding bill despite Democratic opposition

SUMMARY: Vice President JD Vance is visiting Capitol Hill to rally support as Republicans face a critical test of their unity. A spending bill that would avoid a partial government shutdown and keep federal agencies funded through September is coming up for a vote. House Speaker Mike Johnson is teeing up the bill for a vote as soon as Tuesday despite the lack of buy-in from Democrats, essentially daring them to vote against it and risk a shutdown that would begin Saturday if lawmakers fail to act. Johnson says he's confident the measure will pass. Some Senate Democrats are waiting on the House vote before taking their stand. President Donald Trump tells Republicans to "remain UNITED."

WORDS: 1184 - MOVED: 03/11/2025 10:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:e027a644af4152377b8cf99f6a91102f&mediaType=text

___

US--CHINA-SHIPBUILDING

China's shipbuilding dominance poses economic and national security risks for the US, a report says

SUMMARY: A report details how China in two decades has grown to be the dominant global player in shipbuilding, dwarfing the U.S., which now has only 0.1% of the global market. The report released Tuesday by the Center for Strategic and International Studies warns the imbalance poses economic and national security risks for the U.S. and its allies. Concerns about the poor state of U.S. shipbuilding have been growing in recent years. The latest warning in the Washington-based bipartisan think tank's report comes a week after President Donald Trump declared it a priority to resurrect the U.S. shipbuilding industry. The Republican president says he's creating a new office of shipbuilding in the White House.

WORDS: 675 - MOVED: 03/11/2025 10:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:c995b06f35041e4ca1928e40f53adec5&mediaType=text

___

EU--BRITAIN-SHIPS COLLIDE

UK fears environmental damage after ships' collision in the North Sea

SUMMARY: British officials are concerned about environmental damage after a cargo ship hit a tanker transporting jet fuel off eastern England. The crash set both vessels ablaze and the fires were still burning on Tuesday. Jet fuel from a ruptured tank poured into the North Sea after the container ship Solong broadsided the fuel tanker MV Stena Immaculate. The British government says there is no indication of foul play. Scientists say the environmental impact will depend on factors including the size of the spill, sea currents, wind patterns and the type of oil. All but one of the vessels' 37 crew members were brought safely ashore. The U.K. coast guard agency has ended a search for a person missing from the cargo ship.

WORDS: 711 - MOVED: 03/11/2025 8:50 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:47b208024d166aece39b66e216c05229&mediaType=text

___

EU--HUNGARY-ORBAN-PRICE CONTROLS

Hungary's leader orders price controls on basic foods as inflation spikes

SUMMARY: Hungary's government is limiting the profit margin for grocers on a number of basic food items in response to growing inflation hitting consumers in the Central European country. Prime Minister Viktor Orbán said in a video on social media Tuesday that commercial grocers must limit their markup to no more than 10% of wholesale price on 30 different food items. The policy will be in effect from mid-March until the end of May. But it could be extended. Orbán said that the government would monitor grocers' compliance with the policy. But he didn't specify which foods would be included in the requirement. Hungary has struggled with some the European Union's worst inflation in recent years.

WORDS: 460 - MOVED: 03/11/2025 8:29 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:d023ade0d2ea7d6eda8044e79cde1005&mediaType=text

___

AS--JAPAN-FUKUSHIMA

'Nervous and rushed': Massive Fukushima plant cleanup exposes workers to high radiation and stress

SUMMARY: The Fukushima Daiichi nuclear power plant's radiation levels have significantly dropped since the cataclysmic meltdown 14 years ago Tuesday. Workers walk around in many areas wearing only surgical masks and regular clothes. It's a different story for those who enter the reactor buildings, including the three damaged in the 2011 earthquake and tsunami. They must use maximum protection -- full facemasks with filters, multi-layered gloves and socks, shoe covers, hooded hazmat coveralls and a waterproof jacket, and a helmet. As workers remove melted fuel debris from the reactors in a monumental nuclear cleanup effort that could take more than a century, they are facing both huge amounts of psychological stress and dangerous levels of radiation.

WORDS: 985 - MOVED: 03/11/2025 7:01 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:4efe204a48f952137cac5a44b41f93ae&mediaType=text

___

JAPAN-NISSAN

Japanese automaker Nissan's chief executive steps down after dismal results

WORDS: 604 - MOVED: 03/11/2025 6:27 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:6341d68967fbcc677904620c2640ce29&mediaType=text

___

US-MONEY MATTERS-401(K)S

How to roll over an old 401(k)

SUMMARY: Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your old 401(k). If deciding what to do with an old (k) plan has been on your to-do list for a while, here are the key steps you should take to get it done.

WORDS: 745 - MOVED: 03/11/2025 6:10 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:2a2647800456fa6a97e06aaa2eddf635&mediaType=text

___

AS--CHINA-CONGRESS

China is ending its annual Congress with questions open over how to revive its slowing economy

SUMMARY: China has wrapped up its biggest political event of the year leaving one question unanswered: How far will it go to try to revive economic growth in 2025? A recurring theme throughout the weeklong meeting of the nearly 3,000-member National People's Congress was the need to boost investment and consumer spending. How much will be done to translate words into action will only become clear in the months ahead as the ruling Communist Party juggles priorities. What is clear is that a trade war with the United States has left the outlook for the coming months uncertain.

WORDS: 968 - MOVED: 03/11/2025 5:54 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:aac0a8931a14c0d2f17087351914a068&mediaType=text

___

AS--MYANMAR-SPECIAL ENVOY

Activist groups urge UN probe of its Myanmar envoy after report alleges ties to Chinese companies

WORDS: 603 - MOVED: 03/11/2025 5:20 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:621d0c62b201e8bfe5d8de0237cf9bd0&mediaType=text

___

AS--JAPAN-US-TARIFFS

Japan's trade minister fails to win US assurances on tariff exemptions

SUMMARY: Japan's trade minister says he has not gotten assurances from U.S. officials that the key U.S. ally will be exempt from higher tariffs, some of which take effect on Wednesday. Yoji Muto headed to Washington for last ditch negotiations over the tariffs on a range of Japanese exports including cars, steel and aluminum. Muto said Japan, which contributes to the U.S. economy by heavily investing and creating jobs in the United States, "should not be subject to" 25% tariffs on steel, aluminum and auto exports to America. U.S. President Donald Trump also has criticized Japan's contributions to the two countries' mutual defense arrangements, adding to tensions with Tokyo.

WORDS: 445 - MOVED: 03/11/2025 4:33 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:3ed396d24cdafef6f22570fbb386edd7&mediaType=text

___

EU--EUROPE-DEFENSE

EU chief says member countries must use a new defense loan to buy European, not American

WORDS: 326 - MOVED: 03/11/2025 10:24 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:8cbd54ba81c086aa8e47ea3a0971febb&mediaType=text

-----

AS-INDIA-ADANI-SOLAR

US legal troubles for tycoon Adani expose shortcomings in India's booming solar sector

WORDS: 1250 - MOVED: 03/11/2025 4:19 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:4f27c3d155d048d78f0c2321ebdfec69&mediaType=text

___

AS--JAPAN-ECONOMY

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

WORDS: 363 - MOVED: 03/11/2025 12:35 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:92e577dec78b4cd903fd25ac81d0ecd4&mediaType=text

___

Continue Reading...

Popular

CDC Considers New Autism Study As Vaccine Safety Debate Persists

The CDC is planning a large study on potential vaccinAutism's links, despite extensive research dismissing any connection.

This Is How the AI Bull Market Ends - Ad

They say this AI bull market can't go on for much longer...The truth is -- they're half right. The AI bull market as we know it right now will end...But it will then quickly evolve into a new type of market where a new type of AI stock will dominate. You want to be positioning yourself for this new AI bull market...

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

The $240M AI Disruptor - Ad

This Nasdaq-listed company is redefining AI in the $124 billion smart glass market. From cockpit shading systems to energy-efficient building glass, their technology powers global leaders like Boeing, Mercedes-Benz, and National Geographic. Their projected $240M revenue from aerospace positions them as an AI-driven market disruptor you can't ignore.

Incyte Releases Mixed Data From Late-Stage Opzelura Studies In Skin Disease Characterized By Itchy Firm Lumps

Incyte's Phase 3 TRuE-PN trials show ruxolitinib cream improves itch relief in prurigo nodularis, though TRuE-PN2's primary endpoint fell short.

A $19 Secret to Potentially Life-Changing Gains - Ad

It predicted Trump's sweeping victory. And now, this pattern says a handful of niche-sectors are poised to surge as President Trump fuels America's economic boom. For only $19, you can see how millionaire-trader Jeff Clark has used this "Magic Pattern" for over 40 years to generate over 1,000 winning trade recommendations.

Trump vs Musk? Federal Workers Unconvinced He'll Take Action: 'If They Don't Cut, Elon will, Comments Show Who's Really In Charge'

President Donald Trump has reportedly limited the authority of his billionaire advisor, Elon Musk, to dismiss federal employees. This development has stirred skepticism among the workforce and political circles.

Elon Musk's SpaceX Successfully Catches Super Heavy Booster With 'Mechazilla,' But Starship Upper Stage Lost In Test Flight

SpaceX marked a significant advancement in rocket reusability on Mar. 7 when the launch tower successfully caught its Super Heavy booster during Starship's eighth test flight, though the mission ended with the loss of the Starship upper stage.

Wall Street Legend Now Calling Exact Day Next Market Crash Will Start? - Ad

Perhaps no one on or off Wall Street has more accurate in calling the market turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the exact month (even the exact day!) the next crash is most likely to start--don't miss this huge and important new call.

What's Going On With United Microelectronics Stock Today?

United Microelectronics shares are down in premarket trading, despite reporting a 4.25% increase in February sales year-over-year.

Intel Beats Investor Lawsuit After $32 Billion Stock Plunge - Judge Rules Foundry Losses Weren't Misleading

Intel secured a legal victory after a U.S. judge dismissed a shareholder lawsuit alleging the company misled investors about foundry losses, which contributed to a $32 billion stock plunge.

Trump Could Make Surprising Tech Announcement Any Day - Ad

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

Revealed: Trump's New Deal - Ad

Inside the President's covert plan to recapture forgotten U.S. territories, seize precious resources and spark a $20 trillion wealth wave. Stocks connected to Trump's New Deal are already surging -- discover the #1 investment to make before May 30.

Bristol Myers Acquired MyoKardia Drops Fulcrum Agreement, Ending Cardiomyopathy Research Deal

MyoKardia, a Bristol Myers unit, is terminating its agreement with Fulcrum Therapeutics, ending a cardiomyopathy research deal set to expire in June 2025.

Bill Ackman Clashes With David Sacks Over Ukraine Strategy, Asks If US Should Let Russia 'Take The Rest Of Eastern Europe'

Bill Ackman challenged David Sacks' stance on U.S. involvement in Ukraine, questioning the consequences of allowing Russia to dominate the country and expand its influence in Eastern Europe.

Trump, Musk & the Gold Play No One Sees Coming - Ad

Fort Knox mystery could send gold skyrocketing. Because the real danger isn't missing gold. It's decades of Fed manipulation collapsing overnight. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding.

Microsoft Pours $297 Million Into AI And Cloud Expansion In South Africa

Microsoft to invest $297 million to expand cloud and AI infrastructure in South Africa, enabling organizations to access solutions and certifications in digital skills.

CrowdStrike Unveils Major Expansion To Partner Program

CrowdStrike announces a major expansion of its Accelerate partner program, boosting collaboration, profitability, and offering new revenue opportunities for cybersecurity partners.

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Who is Mark Carney, the next prime minister of Canada?

TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide.

Ontario slaps 25% increase on electricity exports to US in response to Trump's trade war

TORONTO (AP) — Ontario's premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump's trade war.

AI + Smart Glass = A Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

Congressman Ditches Russell 2000 ETF To Buy Lithium, Uranium ETFs

Congress trading activity shows a new unusual transaction of a Senator buying uranium and lithium ETFs.

Universities are facing big cuts to research funding. At Duke, it's a time for 'damage control'

DURHAM, N.C. (AP) — Facing the potential loss of hundreds of millions of dollars in federal funding, Duke University is preparing for the worst.

Consumer Confidence Nosedives -- Feb Data Confirms Worst AI Fears - Ad

The latest economics numbers just came in, and they're disturbing to say the least! But there's something bigger happening...That's exactly why Dr. Martin D. Weiss, Founder of Weiss Ratings, has outlined 4 critical steps you need to take now before it's too late. The window of opportunity here is very short.

Small Plane Crashes In Pennsylvania Retirement Facility Parking Lot After Pilot Reports 'Open Door'

A Beechcraft Bonanza carrying five people crashed Sunday afternoon near a retirement village south of Lancaster Airport in Pennsylvania, according to Federal Aviation Administration officials. All passengers survived and were transported to hospitals for treatment.

13-Second Trump Video Could Trigger AI Shock - Ad

Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Just released a video with this 13-second Trump clip about the current AI boom. Please, do NOT buy any AI stock before watching that clip. What President Trump said in that clip could have implications for this AI boom.

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline - Here's How Much He Tried To Spend

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart.

Texas to Adopt New Currency? - Ad

As you'll see, the political elite in Texas are backing this new currency to the hilt. One law allows businesses to accept this new currency, the same as if you were paying by cash or with a credit card. So, what is Texas' new currency? And what do you need to do immediately to prepare?

Sam Bankman-Fried Says Prison Inmate Diddy Has Been 'Kind' To Him: 'It's A Position No One Wants To Be In'

Jailed cryptocurrency fraudster Sam Bankman-Fried shared his prison experience and interaction with fellow inmate rapper Sean Combs, popularly known as "Diddy," according to an interview released Thursday.

Strategic Crypto Reserve -- Now Live - Ad

President Trump made good his promise to crypto enthusiasts - with his announcement of an official Strategic Crypto Reserve. This isn't just another crypto story--it's a game-changer for the U.S. dollar. A southern state is gaining major power, and you need to know what happens next.

Europe-Based UCB's Bimzelx Data Reveals Sustained Skin Clearance In Inflammatory Skin Disorders

UCB's Bimzelx shows sustained efficacy in psoriasis and hidradenitis suppurativa, with high skin clearance rates and improved symptoms over long-term trials.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service