According to @ReutersBiz, Wall Street's main indexes ended mixed, with the S&P 500 turning lower after President Trump said Washington was considering terminating some trade ties with China, including in relation to cooking oil; source: Reuters Business reut.rs/42ERaxS. The headline specifically cited cooking oil within U.S.-China trade ties, a detail that coincided with the S&P 500 weakening while the broader market finished mixed; source: Reuters Business reut.rs/42ERaxS. For crypto, the IMF has documented that crypto prices have moved more in sync with U.S. equities during macro shocks, making U.S.-China trade headlines relevant to BTC and ETH risk monitoring; source: International Monetary Fund blog "Crypto Prices Move More in Sync With Stocks" imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks-exposing-new-risks.

According to @KobeissiLetter, the US stock market erased about $450 billion in market value within 7 minutes after President Trump remarked about starting domestic cooking oil production, with the post attributing the sell-off to those comments - source: @KobeissiLetter on X, Oct 14, 2025. The source did not provide specific tickers, benchmarks, timestamps, or depth-of-market details to verify the magnitude or causality of the move, limiting immediate independent confirmation - source: @KobeissiLetter on X, Oct 14, 2025. For crypto traders, prior research documents stronger co-movement between equities and cryptocurrencies during risk-off episodes, implying potential spillover risk to BTC and ETH if the equity move is corroborated - source: IMF blog Jan 2022 "Crypto Prices Move More in Sync With Stocks"; BIS 2022 research on crypto–equity correlations.