More tariffs coming

Trump pledges auto tariffs in ‘near future’, FBI launches Tesla threats task force, BYD sales surpass Tesla, Hyundai to invest $21 Billion in US to avoid tariffs, and 23andMe’s bankruptcy puts 15 million users’ DNA info on auction block...

Good morning.

The Fast Five → Trump pledges auto tariffs in ‘near future’, FBI launches Tesla threats task force, BYD sales surpass Tesla, Hyundai to invest $21 Billion in US to avoid tariffs, and 23andMe’s bankruptcy puts 15 million users’ DNA info on auction block

The Most Overlooked AI Stock Today

Forget Nvidia—this "AI stock" trades for just $20 and is critical to the industry's future.

Billionaire investors are piling in, and its dividends are soaring.

Calendar: (all times ET) - Full Calendar

  • Today:
    Consumer confidence, 10:00A
    New home sales, 10:00A

  • Tomorrow:
    Durable-goods orders, 8:30A

Your 5-minute briefing for Tuesday, March 25:

BEFORE THE OPEN

As of market close 3/24/2025.

Pre-Market:

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

Previous week: 19.11%. Updates every Friday.

Market Wrap:

  • Dow +598 pts (+1.42%), S&P +1.76%, Nasdaq +2.27%.

  • Tesla +12%, Meta & Nvidia +3%+ as tariff fears ease.

  • Reports suggest tariffs may be narrower, sector-specific levies delayed.

  • Trump hints at breaks for "a lot of countries."

  • Recession fears fade slightly; S&P avoids 5th straight losing week.

EARNINGS

Here’s what we’re watching this week:

A MESSAGE FROM MODE MOBILE

Take From the Rich, Give to the People, Big Data’s Robinhood

Big tech uses our data to pad their pockets. Facebook alone makes $42B a year. But modern-day Robinhood, $MODE, allows everyone to share in the profits. 45M+ users and $60M+ in revenue later, Mode prepares for an IPO.

HEADLINES

It was unclear whether the newly announced sector-specific tariffs would take effect after the tit-for-tat “reciprocal tariffs,” which are set for April 2.

The announcement of the task force came hours after multiple incendiary devices were found at a Tesla showroom in Austin, Texas, the city where the company’s headquarters is located.

  • S&P 500 ends sharply higher, Nvidia and Tesla rally (more)

  • US business activity rises in March, but sentiment deteriorates further (more)

  • Dollar gains on improving US business activity, tariff optimism (more)

  • Options market focused on jobs and inflation over tariff reveal (more)

  • Blackstone’s Jon Gray warns against knee-jerk reactions to tariffs (more)

  • Dollar drifts as traders await Trump tariff clarity (more)

  • Private equity joins Trump tax fight (more)

  • Billion-dollar US levies on Chinese ships risk ‘trade apocalypse’ (more)

  • Hyundai to invest $21 bln in US in bid to avoid Trump’s tariffs (more)

  • BYD sales surpassed the $100B mark, leapfrogging Tesla's revenue (more)

  • Quantum computing startup PsiQuantum raising at least $750M (more)

  • Fidelity, Schwab block orders of BlackRock and Texas Capital ETFs (more)

  • Robinhood Prediction-Markets Arm Gets Massachusetts Subpoena (more)

  • 23andMe’s bankruptcy puts 15M users’ DNA info on auction block (more)

DEALFLOW

M+A | Investments

  • PE firm Clearlake to buy Dun & Bradstreet for $4.1B in cash (more)

  • Tullow Oil to sell Gabon assets for $300M (more)

  • Pet supplier Patterson eyes $2.35B in buyout debt (more)

  • TransPerfect, AI solutions for global business, acquired Blu Digital Group, a company specializing in digital media services for the entertainment industry (more)

VC

  • Tempero Bio, a clinical-stage biopharma company developing treatments for substance use disorders, raised $70M in Series B funding (more)

  • Campus, an ed tech company, raised $46M in Series B funding (more)

  • Rain, a card issuing platform, raised $24.5M in funding (more)

  • Nace.AI, an AI company providing precision-driven enterprise models, raised $5M in funding (more)

CRYPTO

  • Trump Media taps Singapore’s Crypto.com for made-in-America ETFs (more)

  • Crypto altcoins outperform Bitcoin during widespread risk rally (more)

BULLISH BITES

💣 The mystery of Trump's tariff bomb.

🏆 Warren Buffett has his $1 Million Bracket Contest winner.

🤖 A new, challenging AGI test stumps most AI models.

🔥 How ‘Severance’ uses old tricks to make its office hell.

DAILY SHARES

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