{"id":52751,"date":"2025-09-05T18:08:42","date_gmt":"2025-09-05T22:08:42","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-lashes-out-at-eu-over-tech-fines-hints-at-fed-picks-and-sp-500-welcomes-new-members\/52751\/"},"modified":"2025-09-05T18:08:42","modified_gmt":"2025-09-05T22:08:42","slug":"trump-lashes-out-at-eu-over-tech-fines-hints-at-fed-picks-and-sp-500-welcomes-new-members","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-lashes-out-at-eu-over-tech-fines-hints-at-fed-picks-and-sp-500-welcomes-new-members\/52751\/","title":{"rendered":"Trump Lashes Out at EU Over Tech Fines, Hints at Fed Picks, and S&#038;P 500 Welcomes New Members"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> expressed strong disapproval of the European Union&#39;s recent $3.5 billion antitrust fine on Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>), labeling it &quot;unfair&quot; and a &quot;source of income&quot; for Europe, and threatened retaliatory tariffs against the bloc.<\/strong><\/li>\n<li><strong>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Index (<a href=\"\/stock\/SPX\">SPX<\/a>) is set to undergo significant changes, with AppLovin (<a href=\"\/stock\/APP\">APP<\/a>), Robinhood Markets (<a href=\"\/stock\/HOOD\">HOOD<\/a>), and Emcor Group (<a href=\"\/stock\/EME\">EME<\/a>) joining the benchmark index before market open on September 22.<\/strong><\/li>\n<li><strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> identified Christopher Waller, Kevin Warsh, and Kevin Hassett as potential candidates for the Federal Reserve, while Treasury Secretary Scott Bessent reportedly declined interest in the Fed Chair position.<\/strong><\/li>\n<li><strong>The President also voiced &quot;very upset&quot; sentiments regarding Brazil&#39;s trade practices and legal actions against former President Jair Bolsonaro, alongside expressing concerns about the U.S. &quot;losing&quot; India and Russia to China.<\/strong><\/li>\n<\/ul>\n<p>President Trump has escalated his rhetoric against the European Union, criticizing its recent imposition of a <strong>$3.5 billion antitrust fine on Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong>. Trump described the fine as &quot;very unfair&quot; and &quot;almost like tax,&quot; suggesting it serves as a &quot;source of income&quot; for Europe rather than a legitimate regulatory action. He indicated that tech CEOs had brought these concerns to him and warned of potential retaliatory measures, including initiating a Section 301 proceeding to nullify the penalties. The President affirmed his intention to engage in discussions with the EU to address these perceived injustices.<\/p>\n<p>In significant market news, S&amp;P <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Indices announced that <strong>AppLovin (<a href=\"\/stock\/APP\">APP<\/a>)<\/strong>, <strong>Robinhood Markets (<a href=\"\/stock\/HOOD\">HOOD<\/a>)<\/strong>, and <strong>Emcor Group (<a href=\"\/stock\/EME\">EME<\/a>)<\/strong> are slated to join the <strong>S&amp;P 500 Index (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong>. These additions will take effect before the market opens on September 22, with the companies replacing <strong>MarketAxess Holdings (<a href=\"\/stock\/MKTX\">MKTX<\/a>)<\/strong>, <strong>Caesars Entertainment (<a href=\"\/stock\/CZR\">CZR<\/a>)<\/strong>, and <strong>Enphase Energy (<a href=\"\/stock\/ENPH\">ENPH<\/a>)<\/strong>. Furthermore, <strong>Uber Technologies Inc. (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> is set to replace <strong>Charter Communications Inc. (<a href=\"\/stock\/CHTR\">CHTR<\/a>)<\/strong> within the S&amp;P 100, reflecting ongoing shifts in market capitalization and sector representation.<\/p>\n<p>On the domestic front, President Trump provided insights into his considerations for future leadership at the Federal Reserve. He named <strong>Christopher Waller<\/strong>, <strong>Kevin Warsh<\/strong>, and <strong>Kevin Hassett<\/strong> as candidates under review for the central bank. Notably, Treasury Secretary <strong>Scott Bessent<\/strong> has reportedly indicated he does not seek the Fed Chair role, preferring to remain in his current position. Trump specifically mentioned he is &quot;looking at Hassett for Fed,&quot; signaling a potential preference among the named individuals. The President also projected a &quot;big year&quot; for GDP in the &quot;year after next.&quot;<\/p>\n<p>Globally, Trump expressed &quot;very upset&quot; sentiments regarding Brazil, labeling it a &quot;horrible trading partner&quot; due to its high tariffs on U.S. goods. He also criticized Brazil&#39;s legal proceedings against former President Jair Bolsonaro, describing them as a &quot;political execution&quot; and threatening <strong>50% tariffs<\/strong> on Brazilian imports if the situation is not resolved. Separately, the President made a striking geopolitical observation, stating, &quot;Looks like we&#39;ve lost India and Russia to deepest, darkest, China.&quot; Despite this, he also conveyed that there is &quot;nothing to worry about with US-India relations&quot; and affirmed his enduring friendship with Prime Minister Modi, though earlier remarks noted &quot;moments&quot; of tension. Trump additionally mentioned that <strong>Chinese President Xi Jinping<\/strong> and <strong>Russian President Vladimir Putin<\/strong> would be observers at the upcoming G-20 summit, which the U.S. will host at his Doral resort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump expressed strong disapproval of the European Union&#39;s recent $3.5 billion antitrust fine on Google (GOOGL), labeling 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