BREAKING pretty bad NEWS (Oct30th 2025) ; The Down Jones lost today 0.23%, the Nasdaq index dropped 1.57% and the S&P 500 index contracted by 0.99%.
Let’s be serious: lowering tariffs that are about to be raised to 100% by just 10% isn’t a deal, it’s peanuts. China placed a paltry order for soybeans, and no agreement was reached on rare earths. So Xi Jinping hasn’t conceded anything. The same goes for his indirect support of Moscow with the Chinese massive purchases of smuggled oil.
At home, economic operators are in the fog. So they’re cautiously slowing down. As for the colossal investments made by the United States in AI, they’re stalling. The shares of major players are plateauing (minus 11% for Meta-Facebook at the opening this tuesday; $200 billions in smoke, pfuit !).
Jerome Powell, Chairman of the Federal Reserve, should have delighted Wall Street, still searching for growth, by announcing, for the second time since September, another quarter-point cut in interest rates. But he unfortunately added that « a further reduction in December is not certain. Far from it. » The dilemma between protecting jobs and fighting inflation, which is poisoning his relationship with Donald Trump, remains unresolved.
Unemployement : UPS, the canary in the coal mine of the economy, confirms that it has laid off 48,000 people since the beginning of the year in anticipation of slower growth. The retail giant Target is laying off 1,800 people. General Motors, due to the dismantling of electric vehicle subsidies at the beginning of the year (there is no such thing as global warming!), is announcing more than 3,000 layoffs in three states.
The United States and China have shown that they are ready to resume their trade war, as early as tomorrow if necessary. But this time, one of them is going to get really burned. Which one ?