00:00Well, Donald Trump's policy announcements are kind of like turning on and turning off
00:05a light switch.
00:07The US president now wants to delay his 25% tariffs on most Mexican goods and some Canadian
00:12imports for about a month.
00:14And that's on top of yesterday's decision to give carmakers a one-month exemption from
00:18those tariffs.
00:19But investors are just over it.
00:21All that uncertainty and the constant backflipping, that led to the local share market falling
00:26by a pretty steep 1.8% today, with tech, banking and health care among the worst performing
00:32stocks.
00:33And when you zoom out, you can see the ASX is now at its lowest level in six months.
00:38Overseas, things were looking pretty ugly for Wall Street and the FTSE as well, though
00:42Chinese markets bucked the trend.
00:44Now, you can really see the pessimism on Wall Street's tech index.
00:49The Nasdaq is down 10% from its record high, so it's officially a correction.
00:53But that's nothing compared to Tesla, which has lost half its value in three months.
00:58Its EV sales have been falling quite sharply these past few months in Australia, Europe
01:03and even California, where its headquarters used to be.
01:06Although Elon Musk's tilt towards right-wing politics has cost him billions, don't worry,
01:11he's doing all right.
01:13Meanwhile, gold is down slightly, oil prices are near a three-year low and the Aussie dollar
01:18has slipped to 63 US cents.
01:21But it's nothing quite as dramatic as Bitcoin.
01:23The original cryptocurrency jumped when President Trump signed an executive order to create
01:28a strategic Bitcoin reserve.
01:30But it quickly fell again when people found out this reserve would be funded exclusively
01:34by Bitcoin that US authorities have already seized from criminals.
01:38So it seems taxpayers won't be footing the bill.
01:42And that's finance.
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