The Latest Breaking News from Recession

June S&P 500 E-Mini futures (ESM25) are down -3.09%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.42% this morning, pointing to a sharply lower open on Wall Street as sweeping tariffs announced by U.S. President Donald Trump fueled fears of an escalating trade war and economic slowdown.

Analysts warn of price hikes and a potential recession in the US, where stock futures have dropped.

Economists fear the president’s escalating trade war could have a damaging ripple effect that drives up prices

Trump’s tariffs on EU goods could slash exports by at least €85 billion, hitting autos and pharmaceuticals hardest. Germany, Denmark and Central Europe face sharp fallout, raising recession risks and forcing the ECB to consider rate cuts.

Mark Cuban warns of a looming “Red Rural Recession” as federal job cuts under Trump’s administration disproportionately devastate small towns, veterans, and civil servants who now face mass layoffs, economic turmoil, and regret.

The US airline industry faces volatility in the near term amid low consumer confidence, tariff uncertainty, border policies, recession fears, and a slump in corporate travel.

When trend forecasters look at these throwback styles, they see economic history repeating.

The S&P 500 and NASDAQ indexes rally attempt were both rejected at their respective 200 day moving averages after President Trump announce 25% auto tariffs.

“What people are feeling is not just vibes,” Scanlon said. “There’s real data to support a downturn.”