Stock Movers Mattel Falls, General Motors Drops, Southwest Airlines Rises After JPMorgan Rating Upgrade On this episode of Stock Movers:
Jan 9, 2026
Norma Linden, a Bloomberg reporter focused on market analysis, delves into the impact of recent tariff uncertainties on consumer stocks like Mattel and Nike. She discusses how the Supreme Court's delay on IEEPA tariffs is shaking the market. Linden also reveals General Motors' concerning news of an additional $6 billion charge for EV production cuts. On a brighter note, she highlights JPMorgan's upgrade of Southwest Airlines, predicting a positive earnings outlook that could drive the stock higher.
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Tariff Decision Sparks Market Uncertainty
- The Supreme Court delay on reciprocal tariffs created market uncertainty and pressured consumer stocks like Mattel and Nike.
- Norma Linden notes that delays equal uncertainty as companies wait for potential refunds tied to $150 billion in collected revenue.
Big Refunds Are Unlikely, Per Morgan Stanley
- Morgan Stanley warned a big refund is unlikely and predicted only partial refunds or administrative sidestepping.
- Norma Linden relays this view to explain why some traders are tempering expectations for sweeping tariff relief.
GM Adds $6B In EV-Related Charges
- General Motors announced an extra $6 billion in charges for EV and battery production cutbacks, bringing total charges to $7.6 billion.
- Norma Linden says the news pushed GM shares down, with an earlier plunge marking its worst day in six months.