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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 947K followers
Created: 2025-04-07 14:59:35 UTC

What just happened?

At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause."

At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.

By 10:18 AM ET, the S&P XXX had added over +$3 TRILLION in market cap from its low.

At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.

At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.

At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."

By 10:40 AM ET, the S&P XXX erased -$2.5 TRILLION of market cap from its high, XX minutes prior.

Never in history have we seen something like this.

![](https://pbs.twimg.com/media/Gn8NbVqWMAA8GU9.png)

XXXXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1909259768398479839/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[rating agency](/topic/rating-agency)
[china](/topic/china)
[countries](/topic/countries)
[donald trump](/topic/donald-trump)
[cnbc](/topic/cnbc)
[tariffs](/topic/tariffs)
[white house](/topic/white-house)

[Post Link](https://x.com/KobeissiLetter/status/1909259768398479839)