US Morning News Call | U.S. Considers Cutting China Tariffs to 50-65%
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U.S. stock futures wavered following consecutive gains on Wall Street.
Futures tied to the $E-mini S&P 500 Futures (JUN5) (ESmain.US)$ fell 0.31%. $E-mini NASDAQ 100 Futures (JUN5) (NQmain.US)$ went down by 0.33%, and $E-mini Dow Futures (JUN5) (YMmain.US)$ went down 210 points, or 0.53%.
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U.S. Considers Cutting China Tariffs to 50-65%
The Trump administration is considering reducing tariffs on Chinese imports to between roughly 50% and 65% to de-escalate trade tensions, with a tiered approach being discussed. Both the U.S. and China have shown openness to trade talks, signaling a potential shift towards resolving their ongoing trade conflict, The Wall Street Journal reported.
Beige Book: Trade Uncertainty Hits Economy
The Federal Reserve's Beige Book indicates that while the U.S. economy is still expanding, pervasive uncertainty from recent trade tariffs is dampening the outlook. The report highlights a surge in auto sales as consumers rush to buy ahead of price hikes, but non-auto spending has slowed, with inflation fears growing due to trade-related cost increases.
Morgan Stanley Sees Tesla Overweight with $410 Target
Morgan Stanley expects a "neutral to modestly positive" reaction to Tesla's Q1 report despite disappointing margins, as the results were within low expectations and $Tesla (TSLA.US)$ remains free cash flow positive. The firm maintains an Overweight rating with a $410 price target, noting relief in the reaffirmation of Tesla's AI-related projects.
American Airlines Withdraws Full-Year Guidance
$American Airlines (AAL.US)$ reported Q1 2025 revenue of $12.6 billion and a GAAP net loss of $473 million, with $10.8 billion in liquidity. Due to economic uncertainties, the company is withdrawing its full-year guidance and plans to provide an update as the outlook becomes clearer.
P&G Reports $19.8B Q3 Sales, 2% Decrease
$Procter & Gamble (PG.US)$ reported Q3 fiscal 2025 net sales of $19.8 billion, a 2% decrease from the previous year, but organic sales were up 1%; diluted and core EPS both increased 1% to $1.54. The company updated its fiscal year sales and EPS guidance, expecting modest growth despite a challenging environment.
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72714159 : fake wsj news. trump can cut but china might not
Will-RA : Damn, Trump thinks he has opened a lot of long positions.
Hoopski : China called Trumps bluff , and he got caught selling wolf tickets !!
No more money : here comes another bluff, you think he will really cut with his arrogance of his? it's just another gain event for his insiders
胖胖的小弟 72714159 : Other countries have not officially joined yet; it has been postponed by 90 days.
Ps 23_1 : Fake news lah
No more money : seriously want to play stocks, might as well go for China. At least their president doesn't lie like Trump
FindaCure : "U.S. Considers Cutting China Tariffs to 50-65%"? Great! How about the Chinese side? By the way, I am considering to take over Tesla!
Kitty Stocks : china responded that trump has to cancel tariffs immediately before talks will begin. that won't happen.
Hoopski 胖胖的小弟 : Bs knock it off ..
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