One morning at Pandemonium on Wall Street, the popular news aggregator on X called Walter Bloombergreleased a false report announcing that President Trump is considering stopping for 90 days in his controversial tariff proposal.
The news is not true, but, like the Dow Jones Jones, whipped up rapidly index funds, and then suddenly fell again. This type of volatility makes more sense than the typical rise and fall of stocks, which is why the wrong report has attracted so much attention.
Although Walter Bloomberg’s account has no affiliation with any news organization and has no connection to Bloomberg News, the account has long been considered a reliable source of technical and business news. Walter Bloomberg did not write his own post, but instead made public headlines when Bloomberg landed on the Bloomberg terminal.
Bloomberg Terminal is an expensive subscription service for real-time market data by finance professionals, including “breakthrough news headlines.” Sometimes headlines from media like CNBC and Bloomberg land on the terminal before they are posted online, making accounts like Walter Bloomberg a useful focus for quick news.
On Monday, a series of reports from CNBC and Reuters were then amplified by the Walter Bloomberg account on X, which seemed to have directly impacted the stock market on an already chaotic day.
Walter Bloomberg’s title was removed because it wasn’t true: “Hassett: Trump is considering a 90-day pause in tariffs in all countries except China.”
The White House’s quick response team cites the now-deprived Walter Bloomberg Post and denies that Trump’s National Economic Commission director Kevin Hassett made the statements.
To prove this, this White House affiliate account Share a clip From Fox News, false statements seem to originate from this.
Response to billionaire Bill Ackman Pray To put the Trump administration on 90 days on tariff plans, the host of Fox asked Hassett: “Will you stop for 90 days? Would you think?”
Hassett replied: “You know, I think the president will decide what the president is going to decide…but I urge everyone, especially Bill, to relax.”
When asked on x where he got the news, Walter Bloomberg explain The title he posted was from Reuters.
Walter Bloomberg did not respond to TechCrunch’s request for comment.
“Reuters drew the title from the CNBC title and published a story on April 7 that White House economic adviser Kevin Hassett once said President Donald Trump was considering a 90-day moratorium on all countries except China,” Reuters told TechCrunch in a statement.
So Walter Bloomberg pointed his finger at Reuters and then pointed his finger at CNBC.
“When we chased the market news in real time, we aired unconfirmed information on the banner. Our reporters quickly corrected it.”
Walter Bloomberg Bankruptcy From typical robot tones and simple “WTF”, screenshots of the CNBC terminal report, which says the White House is not aware of plans for a 90-day pause.
Wall Street traders are likely to see the news on the terminal itself, rather than from Walter Bloomberg’s aggregator. But people outside the financial sector rely on accounts like Walter Bloomberg to mimic the terminal’s quick news.
