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- 🚢 Trump slaps reciprocal tariffs on nearly all nations
🚢 Trump slaps reciprocal tariffs on nearly all nations
☕ As Coffee hits all time highs
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📰 Market Headlines
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Markets held strong yesterday as stocks weighed mixed news on hot inflation data and tariff delays.
The Dow finished up 0.8% while the S&P 500 and Nasdaq gained 1% and 1.5%, respectively.
President Trump signed his reciprocal tariffs plan but delayed implementation until at least April 1st.
The 10-year Treasury yield fell more than 10 basis points to 4.531% as inflation concerns eased slightly.
The Trump administration halted the State Department's $400 million plan to buy armored electric vehicles from Tesla.
🧠 Make yourself heard
Happy Valentine’s Day! 💘
What's the best love song of all time? |
📊 Ideas, trends, and analysis
US jobless claims fell by 7,000 to 213,000 last week, signaling a stable labor market as layoffs remained low.
Argentina’s monthly inflation dropped to 2.2% in January, the lowest since mid-2020, while annual inflation fell to 84.5%.
Coffee prices perked up 30% year-to-date, pushing instant coffee costs up 7.1% and roasted coffee up 2.5% in January.
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Coffee prices over the past 30 years
😱 Fear and Greed Index
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📊 Winners and losers
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Earnings, upgrades, and acquisitions
Airbnb swung to a profit, with shares up 10%.
Applied Materials beat Q4 estimates, but shares slipped 1.3%.
Coinbase Analysts raised price targets after stellar Q4, sending stocks up 7%.
Crocs missed Q4 revenue expectations and issued weak guidance; shares tumbled 9.8%.
Deere topped earnings forecasts but warned of softening farm equipment demand, dropping shares by 1.7%.
Sony’s operating profit jumped 23% on strong gaming sales; shares soared 5%.
Market movers
Apple CEO Tim Cook announced a new product launch for February 19, likely the fourth-generation iPhone SE with Face ID and AI features.
Nissan and Honda abandoned merger talks for a $60 billion auto group after disagreements over control.
CVS CEO David Joyner outlined plans to integrate pharmacists, Minute Clinic nurses, and Oak Street physicians to streamline healthcare services.
Apple and Alibaba partnered to bring AI features to iPhones in China, as Apple struggles with an 11% revenue drop in the region.
🌍 Global Perspectives
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🇩🇪 An Afghan asylum seeker rammed a car into a crowd in Munich days before a crucial German election where security is a top issue.
🇦🇺 A Category 5 cyclone with 180 mph winds is bearing down on Australia's Pilbara Coast.
🇹🇭 Thai authorities rescued 260 victims of human trafficking from Myanmar, with Ethiopians making up more than half of those trafficked.
🇧🇾 Belarus freed three prisoners including an American and a Radio Liberty journalist in a diplomatic breakthrough.
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📊 Crypto
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Klarna admitted to exploring crypto after previously dismissing it as a "decentralized Ponzi scheme."
Goldman Sachs' crypto ETF holdings soared past $2 billion, with $1.3 billion in BlackRock's Bitcoin ETF shares.
Figment joined the Blockchain Association to advance US crypto policy and institutional staking adoption.
🎤 What you said last time
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What you had to say:
“This plus a trade war with massive tariffs will destroy the economy says experts. Plus it'll push our deficit even higher. I wish I could understand!”
🧠 Miscellanea
A humpback whale swallowed a kayaker in Chilean Patagonia then spit him out.
Archaeologists in London uncovered the oldest Roman basilica ever found in the city, dating back nearly two millennia.
The discovery of a Jurassic bird fossil in China upended the history of avian evolution, suggesting birds flew way earlier than previously thought.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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