Auto tariffs announced

Trump announces 25% auto import tariffs, BofA raises gold price forecasts, copper’s hottest trade risks painful end, Wall Street bonuses hit record high, GameStop to borrow $1.3 billion to fund Bitcoin buying spree...

Good morning.

The Fast FiveTrump announces 25% auto import tariffs, BofA raises gold price forecasts, copper’s hottest trade risks painful end, Wall Street bonuses hit record high, GameStop to borrow $1.3 billion to fund Bitcoin buying spree

⚠️ DOGE Fires the Starting Gun on "Digital Retirement". Here's what to do NOW before Elon makes his next move.

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A
    GDP (second revision), 8:30A
    Pending home sales, 10:00A

  • Tomorrow:
    PCE index, 8:30A
    Consumer sentiment, 10:00A

Your 5-minute briefing for Thursday, March 27:

BEFORE THE OPEN

As of market close 3/26/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 21.58% for Week of March 20 2025

Previous week: 19.11%. Updates every Friday.

Market Wrap:

  • Futures down: Dow -120 pts (-0.2%), S&P -0.3%, Nasdaq -0.4%.

  • Trump confirms 25% auto tariff; retaliatory duties to be permanent.

  • GM -7%, Ford -5% after-hours; Tesla +1%.

  • Consumer confidence at 12-year low; economic worries grow.

  • S&P +1% WTD, Dow +1.1%, Nasdaq up slightly.

  • Key data ahead: Jobless claims (today), PCE inflation (Fri).

EARNINGS

Here’s what we’re watching this week:

  • Today:

    • Lululemon $LULU ( ▲ 1.12% ) - earnings of $4.60 per share (+19.2% YoY) on revenue of $21.9 billion (+0.9% YoY)

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HEADLINES

The move would escalate Trump's fight with global trading partners ahead of a broader tariff push next week.

BofA now expects gold to trade at $3,063/oz in 2025 and $3,350/oz in 2026, it said in a note on Wed. This is an increase from its previous forecasts of $2,750/oz for 2025 and $2,625/oz for 2026.

  • Wall Street ends down sharply on tariff worries; Nvidia and Tesla drop (more)

  • Nasdaq short interest up 2.2% in mid-March (more)

  • Trump says reciprocal tariff plan on All Nations ‘Lenient’ (more)

  • US risks default as soon as August without debt-ceiling action (more)

  • Front-loading ahead of tariffs boosts US durable goods orders (more)

  • Trump's SEC pick pledges 'rational' crypto regulations (more)

  • US oil, gas activity rose in first quarter (more)

  • Copper’s hottest trade risks painful end if US tariffs arrive early (more)

  • GameStop to borrow $1.3 billion to fund Bitcoin buying spree (more)

  • Amazon is testing shopping assistants as it pushes deeper into gen AI (more)

  • OpenAI expects revenue will triple to $12.7 billion this year (more)

  • Wall Street bonuses hit record high (more)

  • Dollar Tree says it’s winning over higher-income shoppers (more)

DEALFLOW

M+A | Investments

  • Dollar Tree is selling Family Dollar for $1 Billion (more)

  • Dollarama to buy retailer Reject Shop for twice market value (more)

  • Nue, a salesforce-native revenue lifecycle management platform, acquired Approvals Pro, a provider of a sales approval solution (more)

  • Voltage Park, a GPUaaS company with on-demand and reserved bare metal AI infrastructure, acquired TensorDock, a GPU cloud marketplace (more)

  • Arkhive Digital, a female-founded Shopify enterprise agency, received an investment led by Bambu Ventures (more)

VC

  • Mercury*, a fintech company providing banking products to power businesses’ financial workflows, raised $300m in Series C funding (more)

  • Island, a company that developed Enterprise Browser, an enterprise workspace for CIOs and end users, has raised $250M in Series E (more)

  • Supira Medical, Inc., a percutaneous ventricular assist device company, raises $120M in Series E financing (more)

  • Also, a new electric micromobility company, raised $105M in funding (more)

  • Underdog, a sports gaming company, raised $70M in ongoing Series C funding round (Epicrispr Biotechnologies, a biotech company focused on developing curative therapies, raised $68M in the first close of its Series B financing (more)

  • GetReal Security, a cybersecurity leader specializing in the detection of malicious gen AI threats, raised $17.5M in Series A funding (more)

  • Jolly, a workforce optimization platform, raised $16.5M in Series A funding (more)

  • Brisk Teaching, an AI teaching and learning agent for K-12 schools, closed its $15M Series A funding round (more)

  • XGS Energy, a developer of next-gen geothermal power projects leveraging a proprietary water-independent technology, raised $13M in new financing (more)

  • Contoro Robotics, a maker of AI-powered container unloading robots, raised $12M in Series A funding (more)

  • Topanga, an enterprise technology platform that helps kitchens reduce waste, raised $8M in Series A funding (more)

  • SplxAI, a company developing an offensive security service for Agentic AI, raised $7M in Seed funding (more)

  • Hook, a platform where users can legally remix songs by top musicians while earning income, raised $3M in additional funding (more)

CRYPTO

  • Fidelity Investments tests dollar-pegged stablecoin (more)

  • Trump’s USD1 stablecoin deepens concerns over conflicts of interest (more)

  • Cryptocurrency holdings of US companies (more)

BULLISH BITES

📱 The Atlantic publishes full Signal thread.

📣 TikTok has launched a media campaign portraying the company as a life saver (literally).

🎧. The 2025 Audio Awards: The 44 best headphones, earbuds, speakers, turntables, and more.

DAILY SHARES

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