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New tariff in town
Trump to announce 25% steel tariffs, execs trying to navigate Trump’s tariffs on earnings calls, inflation proving sticky as Powell heads to the Hill, CFPB to close office, and Trump says Nippon Steel will invest in U.S. Steel, not buy it...
Market Briefing
February 10, 2025
In partnership with
Good morning.
The Fast Five → Trump to announce 25% steel tariffs, execs trying to navigate Trump’s tariffs on earnings calls, inflation proving sticky as Powell heads to the Hill, CFPB to close office, and Trump says Nippon Steel will invest in U.S. Steel, not buy it…
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-from Weiss Research
Calendar: (all times ET) - Full Calendar
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Your 5-minute briefing for Monday, February 10:
BEFORE THE OPEN
As of market close 2/7/2025. Bitcoin as of 2/9/2025.
Pre-Market:
 |  |
US Investor % Bullish Sentiment:
↓ 40.96% for Week of January 30 2025
Previous week: 43.43%. Updates every Friday.
📈 He called the top and bottom of Bitcoin nearly to the day… Here’s what he says is next »
- from Weiss Research
Market Wrap:
Stocks fell as Trump signaled new reciprocal tariffs
Dow -444 pts, S&P 500 -0.95%, Nasdaq -1.36%
Consumer sentiment dipped, inflation expectations hit 4.3%
Jobs report: wages up, unemployment fell to 4%
Amazon -4% on weak guidance, Alphabet extended losses
EARNINGS
Here’s what we’re watching this week:
Today:
McDonald's (MCD) - earnings of $2.86 per share (-3.1% YoY), on $6.5B revenue (+1% YoY)
Tuesday: Coca-Cola (KO), DoorDash (DASH), Shopify (SHOP), Super Micro Computer (SMCI)
HEADLINES
Trump, speaking to reporters Sunday on Air Force One, said the tariffs will apply to the metal imports from all countries.
Trump says he’ll roll out reciprocal tariffs next week. Here are his possible targets.
Wall Street closes lower on trade war escalation, weak data (more)
US hiring slowed in January, but economy remains resilient (more)
Fed officials see healthy jobs market, no rate-cut rush (more)
Inflation data to test market as tariff talk swirls (more)
Inflation is proving sticky as Fed Chair Powell heads to the Hill (more)
Trump says US might have less debt than thought (more)
CFPB to close office after Vought tells staff to halt all supervision (more)
US House Speaker to pursue 'one big bill' on Trump's tax agenda (more)
US Treasury taps former regulator Hood to lead bank watchdog (more)
Trump says Nippon Steel will invest in US Steel, not buy it (more)
Asian funds searching for shelter with Trump-driven volatility (more)
US pauses tariffs on small packages from China, a win for Shein and Temu (more)
Meta prepares for layoffs announcement today (more)
Apple’s new iPhone SE will kick off pivotal year for product line (more)
Activist Elliott said to build stake in struggling oil major BP (more)
IN PARTNERSHIP WITH MODE MOBILE
This tech company grew 32,481%...
No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
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They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.
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*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
DEALFLOW
M+A | Investments
Bank of America to buy $9 bln jumbo mortgage portfolio From TD (more)
Bain to acquire Mitsubishi Tanabe Pharma in $3.3B deal (more)
Pernod Ricard considers sale of Mumm champagne, sources say (more)
C&S Wholesale Grocers nears deal to buy Winn-Dixie stores (more)
Turn/River agrees to buy SolarWinds years after cyber-attack (more)
VC
Check here tomorrow
CRYPTO
BULLISH BITES
🇨🇳 Chinese companies detail use of AI amid DeepSeek frenzy.
💰 Billionaire proposes $1 Million reward for Bolivia’s Evo Morales.
🙄 Taylor Swift and the evolution of the NFL WAG.
🏓 Dope Pickleball's High Roller pickleball paddle steals the show in Michelob's new Super Bowl commercial.
DAILY SHARES
Do the Eagles break the Cramer curse tonight?
— Inverse Cramer (@CramerTracker)
10:24 PM • Feb 9, 2025
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