Stock Movers US Steel Deal in Jeopardy; Constellation Tariff Hit; Disney China Film Block
Apr 10, 2025
Political interventions are shaking up US Steel, with President Trump advocating for it to stay American-owned. Constellation Brands faces a cloudy forecast despite beating estimates, burdened by potential tariff impacts. Meanwhile, Disney's stocks take a hit as China restricts American films, revealing the significant influence of the APAC market on its revenues. The market is reacting dramatically to these developments, making for a compelling discussion!
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Trump Blocks US Steel Sale
- President Trump opposes the sale of US Steel to Japan's Nippon Steel.
- He emphasized that US Steel is a "very special" company that should remain American-owned.
Constellation Brands Faces Tariff Pressure
- Constellation Brands forecasted a weaker 2026 outlook despite beating earnings.
- Tariffs on imported canned beer, like a 25% tariff, and weak beer sales hurt the company.
China Cuts US Film Imports
- China plans to reduce the number of US films allowed into its market.
- Disney shares fell as the APAC region represents about 10% of its revenue, indicating potential impact.