“We’ve lost more than six trillion dollars in market value in just two trading sessions. It is going to have an effect on Main Street. Some things will become higher priced. We will see some products actually be raised in price because companies will pass on the cost of tariffs to consumers. I would expect that. That’s why you have some people saying that we could see a recession, we’ll see a growth slowdown.
“This morning, Nancy Lazar, who I follow very closely, and I think she’s terrific. She says if the tariffs stay in place for at least the next six months, even if only 50 percent of the price shocks where we’re seeing products go higher in price show through the economy, U.S. real GDP is on track to decline about one percent in the second quarter, and in the third quarter with unemployment rising.” – Maria Bartiromo.
next to a tanking stock ticker, Maria Bartiromo acknowledges we might be heading toward a recession
— Aaron Rupar (@atrupar.com) April 7, 2025 at 9:40 AM