It started as a real answer to a real question in a real interview. It ended as a false news that transformed a Wall Street in a few minutes, increasing the value of the companies mentioned in over two billion dollars that volatilized almost so quickly. Nervousness gave rise to a chaotic session, With investors trying to find clues to orient themselves before the collapse caused by the commercial war declared by Donald Trump to the whole world. One of these clues proved to be a false voice that spread at the speed of light and triggered the Euphoria to Wall Street. Of course, only for 15 minutes.
Trump cabinet members are a little dark and don’t know what to say not to stay offside. Sometimes, one says one thing and another, the opposite. The spokesman for the White House, Karoline Heoftitt, has already been evident several times, after the facts have taken the opposite. This Monday, while a consultant of the White House said that “this is not a negotiation”, the secretary of the treasure announced that Trump had commissioned him to negotiate and a third adviser said that these narratives in conflict were good because they reflected different opinions.
In these circumstances, Kevin Hasset, director of the National Economic Council of the White House, has granted An interview with The Morning Fox & Friends, in Fox News, Friendly territory. Even so, they indicated the proposal signed, among others, by the investor Bill Ackman, to decree a “dead time” in commercial policy and Suspend the rates for 90 days Open negotiations and avoid a “nuclear winter”. They asked if Trump would have been willing to consider it.
“I think the president will decide what the president will decide. There are more than 50 countries in negotiations with the president,” said Hasset. “But all urges Bill (Ackman), to soften rhetoric. The idea that will be a” nuclear winter “or something is a completely irresponsible rhetoric,” he added.
The fact that the president will decide what he will decide (and that although he says one thing, he decides the opposite) it is obvious with which Hasset did not want to capture his fingers. However, his words were misunderstood or exaggerated. A first message from the Hammer capital account in the Social Network X said with capital letters: “Hassett: Trump is considering A 90 -day break In rates for all countries, except China. “
It was published at 10.11 in the morning (16.11 in Peninsular Spain) after the Fox News interview. It is the first of which there is a track on Twitter, although its author was shocked hours later: “To be as clear as possible, the operations tables started sending this owner at 10:09. I was repeating what the market was reacting, to my 600 followers. It was an incorrect interpretation of a Fox News interview”, He wrote.
The truth is that this title and many almost identical have fallen into the hands of the investors who want good news (or fear of being trapped in their bearish positions) and the effect was brilliant. The titles reached the great media, who sought responses to the market reaction and the CNBC and Reuters have released it.
In the CNBC, the presenters seemed bordered, wondering what they were causing the change of course. The presenter of the CNBC David Faber and his colleagues from the chain wondered aloud of the “title” unleashed, to seek on the screens of their computers a notice of the press agency or any other indication of what could have caused the movements of the share market, according to the reconstruction carried out by the CNN. At 10:15, the CNBC presenters read the news live. “I think we can continue with this title, apparently Hasset said that Trump will consider a 90 -day break in rates for all countries except China,” said presenter Carl Quintanilla.
In seven minutes, the S&P 500 had added a value of approximately 2.5 billion dollars. The index passed during the 4.7% decrease session to increase 3.4%, to return to a negative territory and continue to give gangs all day. The oscillations were the most sudden from a March 2020 session, in full pandemic.
“We are trying to find out exactly where it comes from,” Faber added quickly. The CNBC showed the screen support less than a minute later. “Hasset: Trump is taking into consideration A 90 -day break in rates For all countries, except China, “said the title, as if the news was confirmed. At 10.19, Reuters reported the alleged comments, citing the CNBC.
The White House denied that a 90 -day break was studied in rates. “Wrong. False news,” he said in no uncertain terms in a message on the social network X published at 16.39, although at that point the globe had been perforated when he discovered that the news had no foundations. CNBC and Reuters recognized the error in their initial interpretations of the words of Hasset and the published corrections.
When the operators “realized that this title was not correct, everything was sold again,” Peter Tuchman, a senior operator on the New York Stock Exchange, told Bloomberg. “This is crazy,” he added.
