Reuters then picked up the CNBC report.
A White House social media account also confirmed that it was fake news.
The market returned to negative territory.
The floor of the New York Stock Exchange on MondayMichael M. Santiago/Getty Images
@PressSec: Reports that@POTUSis considering a 90-day pause on tariffs are FAKE NEWS.pic.twitter.com/UfXO1BhwYW
So what gives?
But Bloomberg is not affiliated with Bloomberg News, the financial news service.
Bloomberg later deleted the X post and posted headlines about White House denials of a pause.
But the whole episode speaks to the volatility of the markets today and perhaps a bit of wishful thinking.
