Bloomberg Television

"One person has started the dumbest trade war in the history of America." Massachusetts Sen. Elizabeth Warren joins "Balance of Power" to react to the volatility in today's market as President Donald Trump’s trade war has US stocks on the precipice of their first bear market since 2022 bloom.bg/4jmB8P4

Apple may decentralize its supply chain, but the iPhone maker is unlikely to come to the US in any meaningful way, explains Bloomberg’s Mark Gurman bloom.bg/3RCdYrY

China has already reduced its investments and trade with the US and is now focusing on its future in the European market, says New America Senior Fellow Samm Sacks bloom.bg/4lmUVjg

Donald Trump's tariff plans are getting pushback from a top shale executive, a rare instance of public criticism from a US oil boss. In an X Post on Monday, Kaes Van't Hof, president of Diamondback Energy, asked the Trump administration to explain how the global trade war will help his industry. "This administration better have a plan @SecretaryWright," Van't Hof said. Trump's tariffs have roiled global markets, sending the US oil benchmark plunging more than 15% since Thursday to trade near $60 a barrel. That’s well below the $65 threshold that many companies need to profitably drill new wells in Texas and surrounding states, according to a Dallas Fed survey. Read more from my colleague David Wethe. https://lnkd.in/eucddeN4

BlackRock CEO Larry Fink says that the increasing cost of housing, rising crime and education expenses is pushing some of the firm's employees to move out of New York. He says the city is losing it appeal bloom.bg/42xP8Qm

BlackRock CEO Larry Fink says most CEOs he talks to would say "we're probably in a recession right now." He speaks to Erik Schatzker at The Economic Club of New York bloom.bg/3G0n3Zl

"If you're in retirement or you're nearing retirement, and you see this kind of a decline, it can be a bit concerning," says Empower CEO Edmund F. Murphy III. He recommends everyone have at least 2 years worth of emergency funds during these turbulent markets bloom.bg/3XQWFah

468 Capital general partner Ludwig Ensthaler tells Tom Mackenzie private funding rounds for tech companies "are going to dry up substantially" as markets plunge following US President Donald Trump's tariff announcements. bloom.bg/4i1Ybxt

Shares of Tesla extended losses in early trading Monday, while Wedbush Securities analyst Daniel Ives slashed his price target on the stock by more than 40%. Craig Trudell reports. bloom.bg/43JLILs

The carnage in financial markets unleashed by President Donald Trump’s tariffs is continuing unabated as equities get pummeled and US stock futures show that last week’s $5 trillion wipeout isn’t over. Joe Easton has the latest. bloom.bg/43JLILs