Fred Imbert - Profile and Journalist Details
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Fred Imbert
Verified
CNBC Pro Editor, CNBC
Assam
Beats
startups venture capital
Anything aside sports
Content
By Fred Imbert Verified| CNBC Verified There have been few weeks on Wall Street such as this one. The major averages fell sharply on Thursday as the S & P 500 dropped 3.5%, while the Dow Jones Industrial Average plunged 1,014.79, or 2.5%. The Nasdaq Composite slid 4.3%. The moves came after the White House clarified to CNBC that the 125% U.S. tariffs on Chinese imports were in addition to another 20% levy already in place, bringing the effective duty rate to 145%.
By Fred Imbert Verified| CNBC Verified The latest turn in the global trade war saga gave investors insight into where the elusive "Trump put" is. President Donald Trump announced a 90-day pause on tariffs targeting goods from most countries, except China. The news sparked a historic market rally. The S & P 500 on Wednesday had its third-largest gain since World War II, soaring 9.5%. The Dow Jones Industrial Average surged nearly 3,000 points, or 7.9%. The Nasdaq Composite rallied 12.2%, its second-largest one-day gain on record.
By Fred Imbert Verified| CNBC Verified Trade tensions continue to escalate, making it nearly impossible for markets to find a bottom even after the recent slump. A 104% U.S. tariff on goods from China took effect Wednesday at midnight. China then announced a retaliatory 84% duty on American products , sending futures tumbling. Dow Jones Industrial Average futures were down more than 800 points at one point, while S & P 500 and Nasdaq-100 futures shed 0.6% and 0.3%, respectively.
Company Info
CNBC
CNBC, or the Consumer News and Business Channel, is a prominent global business news television channel that launched on April 17, 1989. Founded by former NBC President Bob Wright, CNBC aims to provide viewers with insights into how business events impact their lives and finances. The network has grown to become the world's leading business news media company, reaching over 450 million consumers each month. CNBC offers a variety of services, including 23 hours of live TV programming each weekday, featuring popular shows like *Squawk Box* and *Fast Money*. It operates a 24/7 digital platform that delivers real-time news, analysis, and market data through its website and mobile apps. Additionally, CNBC provides subscription-based services for exclusive content and hosts numerous business events and conferences for networking among executives and thought leaders. With a global presence and more than 20 bureaus worldwide, CNBC also tailors its content for regional audiences through channels like CNBC Asia and CNBC Europe.
Los Gatos, California, United States