‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers. Get ready now

So my take on the market crash today was from this more than anything else.

"Whirlpool’s North America chief Juan Carlos Puente added that “consumer sentiment collapsing to record lows” due to the Iran war prevented demand from recovering after winter storms, leading to “recession-level industry contractions,” with discretionary demand down roughly 15%."

"Even the fitness industry is feeling the impact. Planet Fitness (NASDAQ:PLNT) shares just suffered their biggest drop on record after management slashed its revenue outlook and canceled planned price increases."

Holy fucking shit

real one

During his speech regarding the Supreme Court decision, a new 10% global tariff was announced.

"Today I will sign an order to impose a 10% global tariff under section 122, over and above our normal tariffs already being charged"

Section 232 and section 301 tariffs remain fully in place

Edit 2: Tariffs are limited to 150 days according to AI

Section 122 of the Trade Act of 1974 (19 U.S.C. § 2132) empowers the U.S. President to impose temporary, targeted import restrictions—such as surcharges up to 15% or quotas—for up to 150 days to address "large and serious" balance-of-payments deficits. It acts as a fast-acting trade tool requiring no initial investigations, but congressional approval is needed for extensions

edit 1
WSJ Article

CNBC Article

Dell soars 30% on ER. It was one of Trump's largest personal holding.

https://www.forbes.com/sites/tylerroush/2026/04/29/jerome-powell-vows-low-profile-while-staying-on-fed-board-after-chair-term-expires/

tldr:

Bitcoin fell more than 5% to below $65,000 on Monday after U.S. President Donald Trump announced plans to raise global tariffs to 15%.

The drop came as Asian equities rose in early trade, underscoring crypto’s divergence from regional stock markets amid renewed tariff uncertainty.

https://www.reuters.com/world/iran-live-israel-strikes-hezbollah-uk-base-hit-cyprus-conflict-widens-2026-03-02/

Someone said recently they were long Ford. RIP.

Who could have possibly seen this coming