Scott Bessent's ‘gotcha' moment on Trump's tariffs and inflation: He denies writing ‘tariffs are inflationary' in letter to hedge fund investors [Fortune]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
NASDAQ:AMEX Investor Relations:
schneider-electric.com/en/about-us/investor-relations
Company Research
Source: Fortune
Ranking Member Maxine Waters (D-CA) over the economic impact of President Trump's tariff policies. The heated exchange, ostensibly about inflation and housing costs, culminated in a tense standoff where Waters repeatedly silenced the Secretary, telling him, “You don't get to talk,” and questioning his dignity as he attempted to interrupt her line of questioning. Recommended Video The confrontation began with Waters pressing Bessent on what she characterized as a convenient evolution in his economic philosophy regarding tariffs. Waters asked the Secretary whether he had written a letter to hedge fund investors warning that “tariffs are inflationary.” Bessent offered a terse “no” in response. Bessent's denial came despite reporting dating back at least a year, as noted by The Wall Street Journal ‘s Nick Timiraos on X , that the Treasury Secretary wrote that exact sentiment in February 2024. “Tariffs are inflationary and would strengthen the dollar,” Bessent wrote to his hedge fund
Show less
Read more
Impact Snapshot
Event Time:
SBGSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SBGSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SBGSY alerts
High impacting SCHNEIDER ELEC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SBGSY
News
- U.S. births dropped last year, offsetting 2024's increase and dashing hopes for an upward trend By Mike Stobbe and The Associated Press By Mike Stobbe and The Associated Press February 6, 2026, 7:23 PM ET [Fortune]Fortune
- Zephyr Project Welcomes BeagleBoard.org, Chengdu Jingrong Lianchuang Technology, Embedd, openEuler, Savoir-faire Linux, SevenLab and Schneider Electric to its Growing Ecosystem [Yahoo! Finance]Yahoo! Finance
- Schneider Electric Showcases Grid and Transmission Solutions at DTECH® to Help Utilities Maintain Power During Severe Weather and Wildfires [Yahoo! Finance]Yahoo! Finance
- BRICS could become a new pillar of global governance—if its rapid growth doesn't erode its newfound clout By Brian Wong By Brian Wong January 31, 2026, 6:00 PM ET Brian Wong is an HKU-100 assistant professor and fellow at the Centre on Contemporary ChinaAcquire Media Monitor
- Are you a cyborg, a centaur, or a self-automator? Why businesses need the right kind of ‘humans in the loop' in AI By François Candelon , Katherine Kellogg , Hila Lifshitz and Steven Randazzo By François Candelon , Katherine Kellogg , Hila Lifshitz and SAcquire Media Monitor