CNBC Business News Update Market Open: Stocks Higher, Trump Bad Mouths Putin And EU Trade Talks Get Serious, Tesla Sales Tank In Europe 5/27/25
May 27, 2025
Wall Street is experiencing a rally thanks to a decline in bond yields and delayed EU tariffs. Positive trade negotiations are boosting investor confidence. Meanwhile, Tesla faces challenges with plummeting sales in Europe due to stiff competition. The podcast also touches on emerging market trends like India's increasing iPhone exports and new baggage fees from Southwest Airlines. Plus, Hollywood had a blockbuster Memorial Day weekend!
AI Snips
Chapters
Transcript
Episode notes
Market Rally On Trade Delay
- Wall Street rallied as bond yields pulled back and tariffs on EU goods were delayed by President Trump.
- Markets price positive trade talk scenarios despite underlying issues like food standards disputes.
Tesla Sales Slide in Europe
- Tesla's European sales dropped 49% due to brand damage and growing competition.
- Issues include Elon Musk's controversial involvement and competitors like BYD expanding aggressively.
Durable Goods Orders Drop
- Durable goods orders fell the most in 18 months in April, indicating reduced spending on big ticket items.
- This points to a cautious consumer approach toward major purchases currently.