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the Dow turns positive as CNBC talks about reporting that Kevin Hassett is saying Trump is considering a 90 day pause on tariffs for all countries other than China pic.twitter.com/ODJOsGVqWU

— Aaron Rupar (@atrupar) April 7, 2025

Well, we can’t have that!

White House says it is “fake news” that they are considering a 90-day pause on tariffs. pic.twitter.com/anO8rRJ7wD

— Ron Filipkowski (@RonFilipkowski) April 7, 2025

The Dow quickly went back below its open. Seems the market was desperately seeking rationality:

This is the timeline of what happened that moved FOUR TRILLION DOLLARS on the market just now:

1) Kevin Hassett gives an unremarkable Fox interview at 8:24 a.m. ET

2) @atrupar clipped it, as he does, at 8:33 a.m. ET (and it gets not much notice)

3) @DeItaone "misinterprets"… pic.twitter.com/AC72czRCbv

— Doug Landry (@dougblandry) April 7, 2025

This is the timeline of what happened that moved FOUR TRILLION DOLLARS on the market just now:

1) Kevin Hassett gives an unremarkable Fox interview at 8:24 a.m. ET

2) @atrupar clipped it, as he does, at 8:33 a.m. ET (and it gets not much notice)

3) @DeItaone "misinterprets" it at 10:13 a.m. and tweets the white house considering a 90 day pause

4) Market pops 7-10%

5) WH denies

6) @DeItaone claims the news is sourced to reuters and he deletes the original tweet