Trump: It's better for everyone to buy stocks now; everyone is lowering interest rates, only Powell is not.

"Everyone should go buy stocks now," said President Donald Trump at the White House. He mentioned that legislation in Congress and trade agreements will bring the United States to a "critical point," making investing now urgent; the S&P 500 index extended gains, rising 1.4% at one point. He also again criticized Federal Reserve Chairman Jerome Powell, saying, "Everyone is cutting rates, except for him," "I call him Big Late Big Late Powell." When asked about Maotai's plans, Trump said, "Let him go, we will impose 100% tariffs on his toys, he can't sell a single toy in the United States"; Maotai's stock price fell to a daily low, dropping 5.3% at one point.