Top 5 news from Bloomberg

- *Trump's Global Trading Order*:

Trump has unveiled a new global trading order, sparking concerns about trade wars and market volatility. This move has sent markets diving, with stocks sinking and bonds jumping.

- *Fed Governor Resigns*:

Adriana Kugler has resigned from the Federal Reserve's board, adding to uncertainty in the financial markets. Trump has also called for Jerome Powell's resignation.

- *US Jobs Data*:

The US jobs data has shown cracks, with unemployment rising and job growth slowing. This has led to concerns about the economy's health and potential recession.

- *Stablecoin Urgency*:

Trump's momentum has driven urgency in Asian financial hubs for stablecoin regulation. This could lead to increased adoption of stablecoins in the region.

- *Stocks and Markets*:

Stocks have sunk, with the S&P 500 experiencing its worst day since May. Markets are reeling from trade war turmoil and rising unemployment