Wall Street has ignored the IMF’s pessimistic appraisal of the global economy and made major gains on hopes of a new trade deal between the US and China. US stock markets were buoyant after US Treasury Secretary Scott Bessent spruiked the possibility of a deal with Beijing, saying both sides realised the current reciprocal measures are ‘unsustainable’. Meanwhile, tech billionaire Elon Musk suggested his role in the Department of Government Efficiency (DOGE) was nearing an end, after a sharp drop of 70 per cent in quarterly profit.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2025-04-23/asx-markets-business-live-news-23-april-2025/105204468
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia #abcnewschannel
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=IL5vFW8-h_A