WSJ Your Money Briefing
What’s News in Markets: Nike Tariff Turmoil, The Not-So-Magnificent Seven, Newsmax’s Wild Debut
Apr 5, 2025
Discover how President Trump’s tariff announcements sent Nike’s stock on a wild ride. Delve into the challenges facing the so-called Magnificent Seven tech stocks amid market volatility. Plus, get the scoop on Newsmax’s rocky debut in the trading world, and what it means for the conservative news outlet's future. Tune in for insights into the week’s biggest market moves!
05:10
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- President Trump's tariff announcements caused Nike's stock to plummet dramatically, reflecting fears of economic instability and rising costs.
- The Magnificent Seven tech stocks collectively lost $1.5 trillion in market capitalization, highlighting significant vulnerabilities in the current market landscape.
Deep dives
Impact of Trump's Tariffs on the Market
April has proven challenging for Wall Street as President Trump's announcement of sweeping tariffs led to a significant stock market decline. The Dow Jones experienced a devastating drop of over 2,000 points, with the three major indexes recording their worst weekly performance since 2020. Investors are increasingly concerned that these trade policies could threaten economic stability and potentially lead to a recession. The volatility of the market was highlighted by a record loss of $6.6 trillion in just two trading days, making this one of the most severe pullbacks in stock market history.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
