The US stock market experienced a surge after Donald Trump’s 90-day reprieve on some tariffs, but corporate America remains cautious about the economic outlook. Despite the temporary relief, companies are bracing for a recession and warning of declining demand.
CEOs from major firms like Delta Air Lines and Walmart are sounding the alarm on a potential wave of pessimism that could hit the economy. Jamie Dimon, CEO of JPMorgan Chase, predicted an increase in defaults as the economy worsens. Automakers are responding by offering discounted prices or pledging to maintain current pricing to attract consumers who are deterred by tariff uncertainty.
Source: https://www.bloomberg.com/news/articles/2025-04-09/ceos-gird-for-recession-even-after-tariff-reprieve-boosts-stocks