Morning Brew Daily

Smartphones Exempt From Tariffs… For Now & Meta vs. FTC in Antitrust Trial

70 snips
Apr 14, 2025
Smartphones and electronics catch a break from tariffs, keeping tech companies cautiously optimistic. Meanwhile, the U.S. dollar faces a tumble as global markets react to financial fluctuations. Meta finds itself in legal hot water, challenged over antitrust claims. The resale market thrives as thrifting gains traction amidst rising clothing costs. Plus, a look at the prestigious Masters green jacket reveals its intriguing history and thrift potential, all while gearing up for an electrifying week ahead in sports and significant events.
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ANECDOTE

Apple Stock Recovers

  • Apple's stock is up 5% after tariff exemptions on electronics.
  • The cost of an iPhone was projected to be $3500 with tariffs.
INSIGHT

Sell America

  • Global investors are starting to "Sell America" as U.S. capital looks shakier.
  • The U.S. dollar, bond market, and treasury notes have all tumbled recently.
INSIGHT

Meta Antitrust Trial

  • The FTC is suing Meta to unwind its acquisitions of Instagram and WhatsApp.
  • Meta argues it competes with TikTok, YouTube, X, iMessage, and others.
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