Intensifying China, US Trade Spat Whipsaws Stocks | Bloomberg Open Interest 04/11/2025

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on “Bloomberg Open Interest.” China turns up the tariff heat, calling Trump’s tariffs a “joke.” Deputy Treasury Secretary Michael Faulkender joins Open Interest to talk about the latest trade war escalation. Banks cash in. JP Morgan and Morgan Stanley posts record results while Jamie Dimon expresses caution on the economy. President Trump’s dream of Made-in-America iPhones faces hard realities–like an Iphone that some estimate could cost $2,000. And we’ll focus on one industry caught in the crosshairs: rare earths. Critical Metals CEO Tony Sage who has projects in Greenland joins Open Interest to talk about how the US can diversify away from China’s rare earth market. (Source: Bloomberg)