How one tweet wreaked havoc on the stock market
In the morning of the Pandeen in Wall Street, the famous news complex, known as Walter Bloomberg, posted a false report that president Trump was considering a 90 -day stoppage on his controversial proposal.
This news was not correct, however, indexing money like Dow Jones Whipsawed – rising quickly, before reversing the minutes of the session after minutes. This type of fluctuation is more important than the typical height of the stock and fall throughout any specific day, which is why the wrong report got a lot of attention.
Although the Walter Bloomberg account does not belong to any news institution and is not related to Bloomberg News, the account has long been a reliable source of technology and business news. Instead of writing its own posts, Walter Bloomberg publishes news addresses publicly as they hit the Bloomberg Station.
Bloomberg Station is only an expensive subscription service that financial professionals use for market data in actual time, which includes urgent news addresses. Sometimes, the main headlines of ports like CNBC and Bloomberg hit the station before publishing online stories, making accounts like Walter Bloomberg useful follow -up to fast news.
On Monday, it appears that a series of reporting errors from CNBC and Reuteers, which was later exaggerated by the Walter Bloomberg account on X, directly affected the stock market during the already messy day.
“Trump is considering a 90 -day stoppage in definitions for all countries except China,” said Walter Bloomberg, who was deleted because he was incorrect.
The White House’s fast response team was quoted, Walter Bloomberg Post, who was now deleted and denied that Kevin Haset, director of the National Economic Council Trump, made these statements.
To prove this point, this White House account shared a clip from the Fox News, where it seems that the wrong statement has arisen.
In response to the call of billionaire Bill Akman to the Trump administration to stop a 90 -day stop at the tariff plan, he asked the anchor on Fox Haysit, “Will you do a stop for 90 days? Do you think about that?”
“As you know, I think the president will decide what the president will decide … but I urge everyone, especially Bill, to reduce the speech a little.”
When asked in X, where he got this news, Walter Bloomberg said that the address he published was from Reuters.
Walter Bloomberg did not respond to the Techcrunch request for comment.
In a statement, Reuters told Techcrunch: “Reuters, which starts from a CNBC title, published a story on April 7, saying that the White House’s economic advisor, Kevin Haysit, said that President Donald Trump was considering taking a 90 -day tariff for all countries except China. The White House denied the report. Reuters withdrew the clear report and exceeded its mistake.”
Therefore, Walter Bloomberg faced the finger to Reuters, which then instructed the finger at CNBC.
A spokesman for the CNBC told Techcrunch in a statement, “While we were chasing the news of the market movements in the actual time, we broadcast unconfirmed information in a sign.
Walter Bloomberg separated from his typical robotic accent with the simple “WTF”, then photographed the station report from the CNBC, who said the White House did not realize any plan to stop the stopping for 90 days.
Wall Street traders may see this news on the same station, not from the Walter Bloomberg complex. But people outside the financial sector depend on accounts such as Walter Bloomberg to imitate the arrival of the station’s rapid news.
2025-04-07 21:02:00
