Morning Brew Daily Stock Market Loses $6 Trillion in Two Days & Minecraft Movie Scores Big
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Apr 7, 2025 The podcast dives into the chaos of the stock market after Trump’s tariff announcement, which resulted in a jaw-dropping $6 trillion loss. It examines how businesses are grappling with the fallout, alongside the significant dip in oil prices. Amid this turmoil, the surprising success of a Minecraft movie brings a glimmer of hope to Hollywood. Finally, the Mega Millions lottery ramps up ticket prices to inflate its jackpots, leaving players buzzing with anticipation for the week ahead.
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Historic Market Drop
- The S&P 500's two-day 10% plunge ranks among the steepest declines in 70 years.
- This is comparable to Black Monday (1987), the post-Lehman Brothers rout (2008), and the COVID plunge (2020).
Ackman's Criticism
- Billionaire Bill Ackman, despite supporting Trump, criticized the tariffs.
- He warned of a "self-induced economic nuclear winter" if tariffs continue.
Retail vs. Hedge Fund Behavior
- Retail investors bought almost $3 billion in stocks during the initial market downturn.
- Hedge funds, however, sold over $40 billion, showing a stark contrast in investment strategies.