Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst sell-off in stocks since 2020.

As global markets reel from the economic impact of renewed tariffs imposed by Donald Trump, many are turning to Nostradamus centuries-old prophecies. Some believe the 16th-century seer may have predicted a financial crisis in 2025,

Top Trump administration officials are offering mixed messaging on the possibility of negotiating the president’s newly announced tariffs, framing the move as a necessary economic reset and downplaying severe market volatility and uncertainty.

The call was convened by the Bank Policy Institute, a trade association representing large U.S. lenders, two of the sources said. Barclays CEO C.S. Venkatakrishnan was also among the attendees, according to one source.

Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading,

The report, that President Trump was considering a pause on his expansive tariffs, spread on social media and was amplified by CNBC and Reuters. The White House called the claim “fake news.”

Traders are bracing for another bumpy week after a day marked by waves of volatility thanks to unpredictable news on President Donald Trump’s tariff plans. US stocks swung violently, wiping out a 4% plunge to rise more than 3% before turning negative again as investors reacted to a swirl of headlines related to trade policies.

U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets.