On this episode of Stock Movers:
- Delta (DAL) shares are higher after it reported it expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement. Chief Executive Officer Ed Bastian said travel in the US is climbing back after approval of Trump's tax-cut and spending package and progress in tariff discussions. Other airlines are following Delta higher. Travel in the US is climbing back after approval of President Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview.
- Embraer SA (ERJ) is lower this morning as it's a Brazilian airline listed on the American stock exchange, and it's lower due to President Trump threatening to impose a 50% tariff on Brazil over its domestic political affairs, citing the treatment of former President Jair Bolsonaro. Brazil's leader Luiz Inacio Lula da Silva responded that his nation will not be "tutored" by anyone and that any unilateral rate hikes will be responded to using Brazil's economic reciprocity law.
- Archer-Daniels-Midland Co (ADM) is also lower this morning due to its exposure to Brazil. President Trump’s latest threat, against a nation that sells fewer goods to the US than it buys, risks reinforcing concerns that formal trade agreements may offer limited protection against future tariff hikes. It also again shows that the rates Trump unveiled in April on “Liberation Day” carry little meaning.
- Freeport-McMoRan Inc (FCX) is higher this morning as the market prices in the copper trade. Copper traders are looking to shift deliveries into Hawaii and Puerto Rico to cut shipment times due to President Trump's plan for 50% tariffs on copper.
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