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Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

When retired school counselor Don Herneisen meets up with friends each week for breakfast at a hole-in-the-wall restaurant, the conversation often turns to the economy. With financial markets in turmoil as President Donald Trump unveiled his latest tariffs this week, the popularity of that topic is unlikely to change anytime soon. “There’s political uncertainty, there’s economic uncertainty, and if you’re retired, you don’t much like uncertainty at this point,” said Herneisen, 77, as he and his wife made a stop at Union Station in Kansas City, Missouri, on Friday while visiting family.

Shell-shocked markets brace for more tariff tumult

NEW YORK (Reuters) -Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump's sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20% from its December record high, confirming the tech heavy index is in a bear market.