US Morning News Call | Trump Threatens Apple With 25% Tariff on Foreign-Made IPhones
Before the Bell U.S.
U.S. stock futures fall more than 1% after Trump recommends a straight 50% tariff on the European Union starting June 1.
Futures tied to the $E-mini S&P 500 Futures (SEP5) (ESmain.US)$ fell 1.13%. $E-mini NASDAQ 100 Futures (SEP5) (NQmain.US)$ went down by 1.32%, and $E-mini Dow Futures (SEP5) (YMmain.US)$ went down 441 points, or 1.06%.
Top News
UBS Raises S&P 500 Year-End Target to 6,000
UBS Global Wealth Management has raised its year-end target for the S&P 500 to 6,000 from 5,800, citing strong corporate earnings and an improving economic outlook. The investment bank also initiated a June 2026 target of 6,400, projecting continued market gains into next year. "
Trump Threatens Apple With 25% Tariff on Foreign-Made IPhones
President Trump stated that iPhones manufactured abroad could face a 25% import tariff unless Apple relocates its production to the United States. He communicated this expectation to Apple CEO Tim Cook, emphasizing the need for U.S.-based manufacturing.
Trump Set to Sign Executive Orders Boosting Nuclear Industry
President Donald Trump is expected to sign a series of executive orders aimed at revitalizing the U.S. nuclear power industry, according to sources familiar with the plans. The orders, which could be announced early next week, are designed to streamline the regulatory process for new reactor approvals and enhance fuel supply chains.
Fannie Mae and Freddie Mac Stocks Surge
Shares of mortgage giants $FEDERAL NATIONAL MORTGAGE ASSOC (FNMA.US)$ and $FREDDIE MAC (FMCC.US)$ soared on Thursday, with Fannie Mae stock jumping 51% and Freddie Mac rising 42%, following President Trump's comments about potentially taking the companies public. The rally marked Fannie Mae's strongest performance since August 2009 and Freddie Mac's best day since September 2019. "
Ross Stores Withdraws Full-Year Guidance
$Ross Stores (ROST.US)$ ' stock fell over 10% after the company withdrew its full-year guidance due to tariff uncertainties, despite reporting Q1 earnings of $1.47 per share and sales of $4.98 billion, both exceeding analyst expectations. The company projected Q2 earnings between $1.40 and $1.55 per share, below the $1.65 expected by analysts.
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Spread Love N Joy :
USA NARCISTIC DICTATOR ALERT 
Spread Love N Joy : SELL! SELL! SELL ALL USA! Boycot USA! Buy Europe!
73761679 Spread Love N Joy : good luck
73761679 Spread Love N Joy : you should change your name to "I Hate Donald Trump"
Ultraboom : thank you Trump for more buying opportunity
Eric Horne Spread Love N Joy : nobody wants Europe's crap. the world doesn't need it
73754426 Eric Horne : You mean the billions of dollars worth of vital pharmaceutical goods imported from Ireland alone? Yeah no probs, give leaches a go.
73754426 Spread Love N Joy : He hadn't been in the news for 6 whole hours so that's fixed now.
Eric Horne 73754426 : just a dot on the chicken crap pile that is europe.
73754426 Eric Horne : Spoken like a true Trump supporting ignoramus. My god do you guys even hold passports?
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