When it was announced that Bessent would be at the morning White House briefing, some thought he would be there to talk about an announcement. Evidently not as he re-hashed the usual talking points and added very little in the way of info around tax policy and tariffs.

S&P 500 futures have fallen about 25 points since the press conference started and are now down 29 points, or 0.5% shortly before the open. Bond yields are flat and the US dollar is firming.

Share of Amazon are down 2% in the pre-market after Leavitt said the decision to show tariff costs on goods is a ‘hostile political act’.

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