Trump doubles tariffs, Musk slams tax bill, Nvidia becomes world’s most valuable

Today on Morning Brief, anchors Brad Smith and Madison Mills cover the top stories shaping Wall Street before the opening bell. Investors appear unfazed as Trump doubles tariffs on steel and aluminum, calling China’s Xi “extremely hard to make a deal with.” On the policy front, Elon Musk blasts Trump’s tax bill while Senate leadership signals a change for SALT deductions. Plus, the tech rally continues with Nvidia surpassing Microsoft as the world’s most valuable company. Trending tickers include CrowdStrike (CRWD), Wells Fargo (WFC), Airbus (AIR.PA), and Boeing (BA).

Takeaways:

• Investors brush off tariff hikes as Trump targets steel and aluminum, escalates rhetoric on China

• Elon Musk criticizes Trump’s tax bill as Senate considers SALT changes

• Nvidia tops Microsoft to claim title of world’s most valuable company

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Yahoo Finance's Morning Brief is hosted by Madison Mills and Brad Smith.

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