Wall Street Breakfast Trump signs new order; GameStop eyeing Bitcoin?
Feb 11, 2025
The podcast kicks off with President Trump's new tariffs, stirring up market uncertainty. GameStop's intriguing exploration into the world of Bitcoin raises eyebrows. Meanwhile, OpenAI's firm stance of being 'not for sale' hints at ambitious future plans. Stock movements are also a hot topic, painting a vivid picture of the current financial landscape. Overall, it's a whirlwind of financial insights and bold moves that could shape the market.
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Trump's Tariff Impact
- Stock index futures fell after President Trump signed an order imposing tariffs on steel and aluminum imports.
- This action cancels exemptions for major suppliers like Canada, Mexico, and Brazil.
GameStop and Bitcoin Speculation
- GameStop's stock surged nearly 10% due to speculation about a potential Bitcoin strategy.
- This speculation arose after GameStop CEO Ryan Cohn posted a picture with Michael Saylor, a prominent Bitcoin advocate.
OpenAI Not for Sale
- OpenAI CEO Sam Altman denied rumors of a sale, especially after an unsolicited bid from Elon Musk's group.
- Altman dismissed the $97.4 billion offer for the AI company backed by Microsoft.