New tariffs in effect

Sweeping new tariffs in effect with 104% rate on China, Trump: US taking in $2 billion a day from tariffs, US is starting to look like an emerging market, 10-year yield won't dance to Bessent's tune, and hackers spied on 100 US bank regulators’ emails for over a year...

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Market Briefing
April 09, 2025

Good morning.

The Fast Five → Sweeping new tariffs in effect with 104% rate on China, Trump: US taking in $2 billion a day from tariffs, US is starting to look like an emerging market, 10-year yield won't dance to Bessent's tune, and hackers spied on 100 US bank regulators’ emails for over a year…

Calendar: (all times ET) - Full Calendar

  • Today:
    Wholesale inventories, 10:00A
    Minutes of Fed’s March FOMC meeting, 2:00P

  • Tomorrow:
    Initial jobless claims, 8:30A
    Consumer price index (CPI), 8:30A
    CPI index, 8:30A
    Monthly Federal budget, 2:00P

Your 5-minute briefing for Wednesday, April 9:

BEFORE THE OPEN

As of market close 4/8/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 21.76% for Week of April 03 2025

Previous week: 27.42%. Updates every Friday.

Market Wrap:

  • Futures drop: Dow -469 pts (-1.2%), S&P -1.5%, Nasdaq -1.8%.

  • S&P -12%, Nasdaq -13%, Dow -4,500 pts in 4 days.

  • Apple -23% in 4 days—worst since 2000.

  • Tariffs hit after midnight: 104% on China, 86 nations affected.

  • Canada to retaliate with 25% auto tariffs; Fed minutes due Wed.

EARNINGS

Here’s what we’re watching this week:

Time to buy the dip?

As stocks cautiously rebound in the wake of the selloff...

Millions of investors are left to wonder - Is it time to buy the dip?

Or brace for worse pain ahead?

One 50-year Wall Street legend is stepping forward with the answer.

Including his #1 AI stock to buy now. (Not NVDA).

- a message from our partner - 

HEADLINES

Trump has described the tariffs as "reciprocal," saying the steep toll will correct a grievance he's held for "35 years:" that the U.S. is being "ripped off" by trade imbalances.

The US is starting to resemble an emerging market more than a developed country, Euronext’s CEO said on Tuesday as financial markets remained volatile after sweeping tariffs imposed.

  • S&P hits lowest close in almost a year as hopes wane for tariff concessions (more)

  • 10-year yield won't dance to Bessent's tune (more)

  • Trump says US taking in $2 billion a day from tariffs (more)

  • Trump team mulls exporter tax credit as tariff counterweight (more)

  • China says it will ‘fight to the end’ after Trumps 50% additional tariffs (more)

  • Citi cuts China GDP growth forecast to 4.2% from 4.7% for 2025 (more)

  • Gutsy traders make $1.5 bln triple-leveraged bet on Nasdaq 100 (more)

  • JPMorgan sees more pain ahead for junk and private lender bonds (more)

  • Trump pushes coal to feed AI power demand (more)

  • PE firms ask for cash to let stakes change hands (more)

  • Josh Brown says this is a classic ‘bear market bounce’ (more)

  • Andreessen Horowitz targets $20 billion for largest-ever AI fund (more)

  • Boeing deliveries rise 63% in February from a year earlier (more)

  • Hackers spied on 100 US bank regulators’ emails for over a year (more)

DEALFLOW

M+A | Investments

  • Humach, an AI customer experience company, acquired Markets EQ, a provider of AI-powered voice analytics solutions to Wall Street (more)

  • Starday, an AI-driven food innovation company, raised $11M in Series A funding (more)

  • Siemens Digital Industries Software acquired DownStream Technologies, a Marlborough, MA-based provider of manufacturing solutions (more)

  • Grain Ecosystem, a digital platform that streamlines the development of waste-to-value projects, received a strategic investment in undisclosed amount (more)

VC

  • BRINC, a manufacturer of emergency response drones, raised $75M in funding (more)

  • Rain, an employer-integrated earned wage access and financial wellness app, raised $75M in Series B equity funding (more)

  • Portnox, a provider of cloud-native, zero trust access control solutions, raised $37.5M in Series B funding (more)

  • Gallatin AI, a defense technology company, raised $15M in Seed funding (more)

  • Tracera, an AI-powered platform that automates the collection, verification and auditing of sustainability data, raised $12M in Series A funding (more)

  • Starday, an AI-driven food innovation company, raised $11M in Series A funding (more)

  • Glimpse, an AI-powered end-to-end deduction management service for CPG brands, raised $10M in Series A funding (more)

  • HoneyHive, an AI agent observability and evaluation platform, raised $7.4M in total funding (more)

  • Spektion, a software vulnerability management company, raised $5M in Seed funding (more)

  • Series, an AI-powered social platform, raised $3.1M in funding (more)

CRYPTO

  • DOJ to pull back on some cryptocurrency investigations (more)

  • Bitcoin rally stalls, but sliding yuan could be bullish catalyst (more)

  • DeFi borrowing demand plunges as crypto traders deleverage amid turmoil (more)

  • BlackRock taps Anchorage Digital for digital asset custody (more)

BULLISH BITES

💰 Mag 7 – time to buy the dip? *

🍎 Apple loses title of ‘World's Most Valuable’ company.

🤯 Google is reportedly paying some AI staff to do nothing for a year.

👶🏻 Want to stay young? Peter Diamandis says survive the next 10 years.

🤣 The late-night experiment that puts comedy first.

DAILY SHARES

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