"If Treasuries hit a certain level or if the Federal Reserve believed that a foreign — I won't call them an adversary — but a foreign rival were weaponizing the U.S. government bond market or attempting to destabilize it for political gain, I am sure that we would do something in conjunction with each other, but we just haven't seen that," Bessent said. "We have a big tool kit."
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Omnicom witnessed declines in revenue growth across segments including healthcare, public relations, branding and retail, in the quarter, countering a 7.2% rise in the media and advertising business, the company's biggest. As businesses rein in ad budgets amid geopolitical tensions and stubborn inflation, the slowdown in client spending is weighing on revenue growth for major advertising firms like Omnicom. Omnicom's revenue stood at $3.69 billion in the quarter ended March 31, compared with analysts' average estimate of $3.72 billion, according to data compiled by LSEG.
The stock fell as much as 3% as Bloomberg reported China halted all purchases of US aircraft.
United Airlines reported it swung to a profit in the first quarter as revenue hit a record high, sending shares surging in extended trading Tuesday.
The S&P 500 slipped 0.2% on Tuesday, April 15, amid a relative lull in market-moving global trade developments.
Custodia CEO says Bitcoin is behaving more like gold than tech stocks as market volatility rises.
Millennials are also the group most likely to take their tax refund and invest in crypto, a separate study finds.
