U.S. stocks briefly soared during the April 7 trading session, following reports by CNBC and Reuters that U.S. tariffs might be paused, which the White House has denied.
The two media outlets reported that Kevin Hassett, director of the National Economic Council, said President Donald Trump was considering a 90-day tariff pause.
In a statement, the business news network said it aired “unconfirmed information” in its on-screen chyron.
“As we were chasing the news of the market moves in real time, we aired unconfirmed information in a banner. Our reporters quickly made a correction on air,” a CNBC spokesperson said….