Tariff story break

Short-lived🐾Meow Motto

Mooooooorning,

Trump is acting like that annoying girlfriend of 5 years that you have, when she starts making claims of “ownership” and slaps you with a matrimonial ultimatum or else.

His tariff-slapping weekend was somewhat creative/successful(?!) and 2 out of 3 girlfriends are appeased.

Trump vows to pause tariffs on Canada and Mexico after some sort of new socio-economic bounderies were set.

China is still sulking and slaps back the US with some double tariff digits of their own.

He dodged 2/3 of the bullets at least…

Speaking of DOGE…Elon Musk rummages through the central payment system of the Treasury Department(SAY WHAT, is this even legal?!???!?!?), looking to find ways to save up some federal pennies. Hmm…

Even though not defined/controlled by any government entity, almighty CRYPTO still experiences the jitters of the macroeconomic trends(as in tariffs and trade wars).

Volatility is crypto’s middle name, so brace yoursef for 20%-30% daily swings.

Bring it on Tuesday!!!💪

Markets

Dow -0.28%

S&P 500 -0.76%

Nasdaq -1.20%

Fear Factor

VIX -0.16%

Crypto-verse

BTC -1.84%

ETH -1.20%

XRP -3.31%

The Magnificent 7 AAPL -0.19% MSFT -0.14% GOOGL 0.59% AMZN 0.01% NVDA 0.61% META -0.07% TSLA -0.15%

*Last Updated: Feb 4, 2025 6:30 a.m. EST. For updated market info click HERE.

Trump hits the pause button on tariffs for Canada and Mexico after reaching agreements, but China answers with a 15% tariff on US coal and liquefied natural-gas products plus a 10% tariff on crude oil, agricultural machinery and large-engine cars that go live next Monday.
Palantir Technologies stock jumps 19% to a new all-time high near $100 after the software company beats earning estimates.
Crypto investor MicroStrategy is down 2% as the price of bitcoin once gain dips below $100,000.
Elon Musk has gained access over the Treasury Department’s central payment system. He could now cut off federal funding to disfavored programs at his own measure. Fears that the US is about to descend into a constitutional crisis are looming.

Today: XRP and Dogecoin move 20% up, then dip back down as China tariffs mar crypto rebound.

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EU countries are always few steps ahead - they imposed new regulations that prohibit the deployment or use of several high-risk AI systems.

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Tariffs

Tariffs are a type of tax on imported products that ultimately make those products more expensive for the consumer to purchase compared to domestic options.

Even though they are imposed on importing countries, who gets the short end of the stick at the end? WE DO!

They're commonly used in international trade as a protectionist measure.

ECONOMIC CALENDAR

Today: job openings; factory orders; Atlanta Fed President Raphael Bostic speaks on housing; San Francisco Fed President Daly speaks; Federal Reserve Vice Chairman Philip Jefferson speaks

NOTABLE EARNINGS

Tue 2/4
🌙GOOGL - Alphabet Inc.
🌙GOOGL - Alphabet Inc.
☀️MRK - Merck & Company, Inc.
☀️PEP - Pepsico, Inc.
🌙AMD - Advanced Micro Devices, Inc.
☀️PFE - Pfizer, Inc.
☀️premarket 🌙after hours 🤷🏼‍♂️undisclosed