Alex Ovechkin made history by scoring his 895th goal, surpassing Wayne Gretzky as the NHL's all-time leading goal scorer. Fans celebrated this monumental achievement. Meanwhile, President Trump's new tariffs have led to concerns in overseas financial markets, with significant drops reported. Although Treasury Secretary Scott Bessent asserted that a recession isn’t inevitable, criticism is emerging even from within the Republican party. Additionally, players in the financial sector have expressed anxieties reminiscent of the global financial crisis of 2007-08, as political tensions rise with budget debates unfolding in Congress.
Tariff turmoil: Overseas financial markets saw huge drops this morning as worry over President Trump's new tariffs persists. Administration officials defended the tariffs over the weekend.
Treasury Secretary Scott Bessent said, "There doesn't have to be a recession." Some Republicans are nonetheless becoming more critical.
Trump, who spent part of the weekend golfing, said, "sometimes you have to take medicine." Democrats hammered Trump for playing golf.
Bankers, executives and traders said they felt flashbacks to the 2007-8 global financial crisis.
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