Financial Analyst Myron Jobson reacts to President Donald Trump’s imposition of US trade tariffs, calling it a "bloodbath". According to Jobson, “markets have been very nervous about what’s been going on”.
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00:00Oh, I mean, it's a blob in a bubble, especially in Asian markets. The financial markets don't
00:05like uncertainty. And that's certainly what Trump tariffs have brought about.
00:09So when you look at the S&P 500, for example, that's down 9% compared to last week, the FTSE
00:16100, that's down 10%. And it was down even more at the start of trade this morning. So
00:22markets have been very nervous about what's been going on. It's been an unnerving day for
00:28period for investors. No one likes to see their investments going down. Just to put this in
00:33context, 2% fall would be seen as significant in normal times, let alone falls of 10% in some
00:41markets. That's quite significant. And the funny thing is, it's not just investors, people actively
00:46invest, but it also affects the everyday people through their pensions, through their workplace
00:51pensions. So even though you might not be investing directly, if you have a pension,
00:56your pensions likely to be hit.