Trump Buys Tesla; Canada Threatened To Cut Off US Power Then Changed Decision; Greenland’s New Fate

Hello all you freedom-loving people. After the stock markets took a hit during the detox phase, Musk continues to cut $4 billion a day. So, will this save money to help build up Greenland after their fateful vote? Okay, let's get into it. President Trump did not rule out a possible recession in an exclusive interview on March 9th. This triggered an across-the-board decline in all four major U.S. stock indices on March 10th. In an exclusive interview on Fox News, President Trump admitted that the sweeping economic reforms that were launched by the new administration could bring short-term turbulence, and a recession could not be ruled out. Echoing President Trump's sentiments, U.S. Treasury Secretary Scott Bissett also noted that there may be some pain at this stage. He said, could we be seeing this economy that we inherited starting to roll a bit? Sure. And look, there's going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked. We've become addicted to this government spending, and there's going to be a detox period. As a result, the major U.S. stock markets sold off sharply on Monday. The S&P 500 dropped 2.69 percent. The blue-chip Dow Jones Industrial Average ended down by 890 points, or 2.08 percent. The Nasdaq Composite plunged 4 percent, marking its worst performance in September 2022. And the Russell 2000, which tracks small-cap stocks, declined 2.38 percent. Treasury yields were all red across the board. The benchmark 10-year Treasury yield declined to about 4.22 percent. The two-year yield slipped below 4 percent, while the 30-year yield struggled to hold at 4.53 percent. In the interview, President Trump characterized these fluctuations as temporary. In an interview on Sunday Morning Futures with Maria Bartiromo this week, President Trump said, Analysts blame the Trump administration's tariff plan for the stock market slide, which seemed like an obvious conclusion. But Monday's stock data didn't show that to be a major factor. In fact, the IT sector, which is virtually unaffected by trade policy, was the hardest hit, falling 4.34 percent. Communication services also fell by 3.54 percent, dragged down by large internet and media companies. Shares of Tesla also plunged 15 percent, marking the biggest one-day drop in more than four years. Tesla's stock price has almost halved in the past three months. Since the stock hit a new high of $479.86 per share on December 17 of last year, it has plunged 52 percent so far. Its market capitalization has evaporated by more than $800 billion. The factor that triggered Tesla's plunge on Monday was UBS analyst Joseph Spack. He lowered expectations for Tesla's first quarter and full-year deliveries. Spack expects Tesla to deliver only 367,000 vehicles this quarter, which is a 16 percent decrease from his previous estimate. He also no longer expects Tesla's sales this year to be higher than last year, and he expects a year-over-year decline of about 5 percent. Tesla's top managers had previously expected the company to return to growth in vehicle deliveries this year. Musk said on Monday that he is running his business with great difficulty, but he's still confident about Tesla's long-term trend. In a tweet replying to a post on X that noted Tesla's biggest single-day stock drop in history, Musk wrote, Part of the decline in Tesla sales is due to Musk's political activities. His work with the Trump administration to cut government spending has led to protests and even arson and vandalism at Tesla service centers. Tesla's stock price has fallen every week since Musk took over as head of Doge, and it has fallen for seven weeks in a row. In Monday's interview, Fox Business host Larry Kudlow said that as head of Doge, you're giving up your other stuff. Musk sighed, And Elon Musk is expected to remain in the Trump administration for another year. In early 2024, Tesla's EV registrations in Germany plummeted by 70 percent in part because of Musk's public comments about the German federal election. This sparked a boycott by some consumers. In China, the world's biggest market for electric vehicles, Tesla is facing an economic downturn and fierce competition from the local Chinese brand BYD. In February, shipments from Tesla's Shanghai factory plummeted by half. Although electric vehicles account for the vast majority of Tesla's revenue, its electric car business accounts for less than a quarter of Tesla's stock valuation. So investors remain confident in the long-term growth potential of Tesla, not only as an automaker, but also as a pioneer in AI technology, which will revolutionize the field of robo-taxi and humanoid robots in the future. And Tesla's price-to-earnings ratio remains significantly higher than that of tech giants like NVIDIA, Apple, Meta, Alphabet, Amazon and Microsoft. So to show his support, President Trump said that he would buy a Tesla. President Trump said in a post on True Social, Elon Musk is putting it on the line in order to help our nation and he is doing a fantastic job. I'm buying a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. And in response, Elon Musk thanked President Trump in a post on X. President Trump also reacted to Ontario's decision to impose a 25% surcharge on all electricity exports to the United States. Yesterday, Doug Ford, the Premier of Canada's Ontario province, imposed a 25% export tariff on electricity that his province, Ontario, provides to New York, Michigan and Minnesota. Ford said that the surcharge was imposed in response to the tariffs that President Trump enacted on Canadian products. During a press conference, Ford said that the electricity tariff would earn Ontario an estimated $300,000 to $400,000 per day. This would add roughly $100 per month to the bills of 1.5 million American households and businesses. And the other option that Ford discussed was cutting off energy exports to the states entirely. In response, President Trump described Canada as a tariff abuser and vowed that he would stop subsidizing Canada. He wrote, despite the fact that Canada is charging the USA from 250% to 390% tariffs on many of our foreign products, Ontario just announced a 25% surcharge on electricity of all things. And you're not even allowed to do that because our tariffs are reciprocal. We'll just get it all back on April 2nd. And in another social media post, President Trump said that he will add an additional 25% to the steel and aluminum tariffs from Canada, boosting it to 50%. President Trump had previously announced a 25% tariff on all steel and aluminum imports into the United States, including those from Canada, starting on March 12th. President Trump wrote, this will go into effect tomorrow morning, March 12th. Also, Canada must immediately drop their anti-American farmer tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. He also said that he would declare a national emergency on electricity within the threatened area in order to allow him to do what has to be done to alleviate this abusive threat from Canada. Over the past few months, President Trump has repeatedly said that the United States does not need Canadian products or resources. He repeated that once again by saying, if other egregious long-time tariffs are not likewise dropped by Canada, I will substantially increase on April 2nd. The tariffs on cars coming into the U.S., which will essentially permanently shut down the automobile manufacturing business in Canada, those cars can easily be made in the U.S.A. Even so, Ford also urged the Premier of Alberta, Daniel Steele, to impose export tariffs on her province's oil and gas exports to the United States, but she rejected. Smith said yesterday, there are much more effective ways Alberta and Canada can work together to persuade the U.S. to change course on their unjustified and self-defeating tariff strategy against Canada without throwing tens of thousands of Albertans and Canadians out of work. But fortunately, just a few hours later, Premier Doug Ford changed his mind. He said that he was suspending plans to impose the 25% surcharge on electricity exports to the United States. He also said he would fly to Washington on Thursday with the Canadian finance minister, Dominic Leblanc, for talks with Commerce Secretary Howard Lutnick and other administration officials. Ford told reporters that Lutnick had reached out to him today, and that both parties are heated and the temperature needs to come down when you're negotiating with somebody and they call you and they hand over an olive branch. The worst thing I think I could do as Premier of Ontario is ignore them. Ford said that the two sides would discuss a renewed trilateral trade deal with the United States and Mexico. President Trump also confirmed that Ford has removed the 25% electricity tariff. President Trump said that it was a smart move. President Trump explained this to reporters while he was checking out his brand new Tesla with Elon Musk. Already Canada, and I respect very much, as you know, there's a very strong man in Canada who said he was going to charge a surcharge or a tariff on electricity coming into our country. He has called and he said he's not going to do that. Okay, he's not going to do that. And it would have been a very bad thing if he did and he's not going to do that. So I respect that. But we were just informed that he's not going to do that. The Trump administration arrested Mahmoud Khalil, a Palestinian activist in New York, and they revoked his green card. But a judge in New York's Manhattan district intervened in the case, which may have changed the situation somewhat. Khalil led the Columbia University 2024 on-campus camp protest. On Saturday night, he was detained by several ICE agents at a university apartment building near Columbia's Manhattan campus. Khalil, who received his master's degree last semester from Columbia's School of International Affairs, served as a student negotiator with the university over the tent camps that were erected by protesting students. As a result, he became one of the icons of the protest movement. Khalil's attorney, Amy Greer, said during the arrest, she spoke with an ICE agent who claimed to be acting on a State Department order to revoke Khalil's student visa. When she pointed out that Khalil was already a permanent resident of the United States, the agent said that his green card would also be revoked. According to a statement that was released by DHS on the matter, Khalil was arrested for leading protests that were related to Hamas. DHS is enforcing President Trump's executive order that is banning anti-Semitism. After Khalil's arrest, Secretary of State Marco Rubio posted on X stating that the government will be revoking the visas and or green cards of Hamas supporters in America so they can be deported. In the statement on True Social, President Trump called Khalil a radical foreign pro-Hamas student. Many are not students. They are paid agitators. We will find, apprehend, and deport these terrorist sympathizers from our country never to return again. And President Trump also warned that additional detentions would target individuals who are engaged in pro-terrorist, anti-Semitic, anti-American activity on college campuses nationwide. Khalil's wife is a U.S. citizen, and she is currently eight months pregnant. On Sunday, Khalil's attorney filed an illegal detention lawsuit in federal court in Manhattan. She argued that Khalil was detained because he criticized U.S. agencies that support Israel, which is a freedom of speech protected by the First Amendment to the U.S. Constitution. On Monday afternoon, a federal judge in New York blocked any efforts by Trump's administration to deport Mahmoud Khalil. The ruling said to preserve the court's jurisdiction pending a ruling on the petition, petitioners shall not be removed from the United States unless and until the court orders otherwise. Khalil's detention sparked opposition from a constellation of critics, including congressional Democrats who demanded that he be freed immediately. The arrest came after the Trump administration pulled $400 million of federal funding from Columbia University last week, a statement by four federal agencies said that the funding cut was due to continued inaction in the face of persistent harassment of Jewish students. On Friday, Secretary of Education Linda McMahon stated that Jewish students on campus who had been the victims of relentless violence, intimidation, and anti-Semitic harassment on their campuses were ignored by university authorities. McMahon also said we will not tolerate their appalling inaction any longer. It's been a week and a half since Andrew Cuomo, the former three-term New York governor, announced his candidacy in the race to oust Mayor Eric Adams. The deck was stacked in Cuomo's favor. He was at the top of the mayoral polls even before he announced his candidacy on March 1st, in part because he is known among New Yorkers. He is also backed by a well-funded super PAC. So in the latest Quinnipiac University survey, his lead is still intact. The survey showed Cuomo at 31% support among registered Democrats in New York City with Adams at a distant second at 11%. Behind Adams with single digits was the rest of the roster of Democrats. And that same survey also indicated Adams' approval rating among New York voters was the lowest for any New York mayor in that poll. So Cuomo is aiming to reintroduce himself to voters as a tested manager, a forceful executive, and a law and order moderate who will rescue a city that he says feels threatening, out of control, and in crisis. On a Monday, Cuomo announced a slew of public policy proposals. He said enough is enough and we need to pass sensible laws. Greenland is holding council elections today and today's vote attracted global attention. President Trump has repeatedly declared that he wants to acquire the land and some people have suggested that he's hinted that he could use military force or other means. Denmark is also watching the vote closely as Greenland's call for independence grows louder. Denmark considered Greenland a colony until 1953 and Denmark continues to control Greenland's foreign and security policy. Greenland's prime minister and chair of the IAEA party, Modubi Agueda, said that voters face a fateful choice. The things that are happening in the world right now worry me quite a lot, that there is a world order that is faltering on many fronts and perhaps a president in the United States who is very unpredictable in a way that makes people feel insecure. Nalarak is currently the largest opposition party in Greenland. They support independence and cooperation with the United States, also of the six parties running. Only Nalarak has promised to hold a snap vote on independence ahead of today's vote. President Trump once again took to true social on Sunday with a direct message to Greenlanders. President Trump reiterated his invitation to Greenlanders to join the U.S and he pledged to invest billions of dollars to create new jobs and make Greenlanders rich. And that's a wrap for this episode. Thank you so much for your support of FrontPage. Please remember that every like, comment and share helps more people to see the truth. 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