Wall Street Breakfast Tariff deadline week
Jul 6, 2025
Tariff letters are set to hit nations as the deal deadline approaches, sparking market implications. Conagra's earnings report is a battleground for bulls and bears alike. Elon Musk makes waves with the announcement of an American First party, while China ramps up its overseas mineral investments amid geopolitical tensions. The discussion also touches on key ex-dividend dates for major companies and highlights top tech stock picks from Deutsche Bank.
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Tariff Pause Ending Soon
- The 90-day pause on reciprocal tariffs will end, and tariffs will be sent specifying rates to countries.
- U.S. tariffs will largely stay between 12-15%, with China facing about 50% tariffs.
Upcoming Key Earnings Insights
- Delta Airlines, Conagra, and Levi Strauss report earnings Thursday, with Delta seen as stable due to premium services.
- Conagra bulls cite dividends and returns; bears warn rising costs and shrinking free cash flow.
Elon Musk Forms America Party
- Elon Musk announced the America Party after a popular X poll showed over 65% support for a new party.
- Musk criticized the current one-party system and called for freedom restoration, marking a shift from Trump advising to opposing.