Trump's Tariff Threats on China send stocks, oil and crypto sinking

Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold.
President Donald Trump’s threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week that saw concern build about a bubble in artificial-intelligence companies. His remarks sent the S&P 500 down over 1.5%, with the gauge set for its worst day since April. The dollar slid at the end of its best week this year. Crude plunged 4%. Bloomberg’s Tom Keene reports.
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