WSJ Your Money Briefing
What’s News in Markets: Banks' Warnings, CarMax Stalls, Delta Shares Fly
Apr 12, 2025
This discussion dives into the paradox of banks reporting higher profits while signaling a looming recession risk. It explores the impact of President Trump’s tariff announcements on CarMax and the automotive industry. Additionally, the podcast highlights the impressive rise in Delta’s shares, uncovering the factors behind their market success. Expect insights into the chaotic financial landscape and how it shapes the stock movements that capture investor attention.
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Quick takeaways
- Banks reported higher profits but expressed recession concerns due to ongoing volatility in trade policies and economic indicators.
- Delta Airlines' shares surged 23% following tariff announcements, contrasting with CarMax's 17% stock drop amid unchanged automotive import tariffs.
Deep dives
Market Reactions to Tariff Announcements
The week was characterized by significant market volatility resulting from President Trump's changing stance on tariffs. Before Wednesday, concerns were growing around retaliatory measures from China and the potential economic impacts, with influential Wall Street figures voicing alarm. Following Trump's announcement of a 90-day pause on certain tariffs, the market experienced a surge, with the major indexes reaching record highs. However, the relief was short-lived as stocks struggled to maintain momentum, reflecting ongoing uncertainty around the administration's trade policies and their implications for various sectors.
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