‘Sell America’ Trade Picks Up After New Trump Threats on Fed

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• 00:00

  U.S. markets fall as President Trump renews his attacks on the Federal Reserve.

• 00:08

  Plus, how American megabanks may become collateral damage to a global trade war.

• 00:13

  You could see countries saying, you know what?

• 00:16

  This is how we're going to fight this trade war.

• 00:18

  You've got to stop doing business with an American bank today.

• 00:20

  And why cryptocurrency firms want to start acting like banks.

• 00:25

  It's Monday, April 21st.

• 00:27

  I'm Pierre Bienemé for The Wall Street Journal, filling in for Alex Osela.

• 00:31

  This is the PM edition of What's News,

• 00:33

  the top headlines and business stories that moved the world today.

• 00:39

  The sell America trade picked back up today.

• 00:42

  US stocks fell.

• 00:44

  The dollar hit fresh multi-year lows against major currencies,

• 00:47

  yields on longer term treasuries rose, and gold surged to another record high.

• 00:52

  Markets are on edge about President Trump's tariff war as well as his threats to fire Fed chief Jerome Powell.

• 00:58

  In a post on social media today, Trump demanded lower rates,

• 01:02

  saying costs are trending downward and the economy could slow,

• 01:05

  quote, unless Mr. Too Late, a major loser, lowers interest rates now.

• 01:13

  The Dow dropped almost 1,000 points.

• 01:16

  The index is on pace for its worst April since 1932.

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