The Steross Market and Investing Thread
- Thread starter jobob85
- Start date
We are playing a completely different game than them.
They are playing the game & both teams are winning.
We’re spectators & somehow we lose.
Hope they burn
jobob85
Bent Member
Every quarter before earnings reports investors speculate, it really doesn't seem out of the ordinary for investors to speculare on trade meetings with China.
Maybe Michael Burry had a hunch last Friday afternoon while having a beer.
So how did he do?
jobob85
Bent Member
So far, if he bought at the end of March he is down about 7%. If it was the first week of April he is up 30%.
JTOSU
Ranger
Major internet/video/mobile provider for OKC and Tulsa being sold. Charter stock up in pre-market trading on news.
apnews.com
US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger
Charter Communications is merging with Cox Communications in an approximately $34.5 billion deal that brings together two of the biggest cable companies in the country.
apnews.com
mugatu
Sheriff
Trump says US will unilaterally set new tariff rates for scores of countries
President says letters revealing rates will be sent out within weeks as Washington lacks capacity for individual deals
So since we can't negotiate deals with every country concurrently, we are going to reinstate higher tariffs earlier than the 90 pause.
"Donald Trump has said the US will send letters to some of its trading partners to unilaterally impose new tariff rates, suggesting that Washington lacks the capacity to reach individual trade deals.
Highlighting the challenge for the White House to negotiate deals with scores of countries at once, Trump said it was “not possible to meet the number of people that want to see us”.
Speaking at a meeting with business leaders in the United Arab Emirates on the US president’s tour of the Gulf, he said: “We have, at the same time, 150 countries that want to make a deal, but you’re not able to see that many countries.”
“At a certain point over the next two or three weeks, I think Scott and Howard will be sending letters out essentially telling people – it will be very fair – but we’ll be telling people what they’ll be paying to do business in the United States,” he said.
Trump’s comments expose the difficulty of the task the president set for his administration after imposing sweeping border taxes on goods imports from all of the US’s trading partners on his 2 April “liberation day”. "
Polds4OSU
Marshall
‘Fox & Friends’ Guest Fumes at Walmart for Hiking Prices Over Trump Tariffs
A Fox & Friends guest has ripped into Walmart for blaming its impending price hikes on President Donald Trump’s tariffs.CEO Doug McMillon said Thursday during an earnings call that the discount retailer is feeling the squeeze of Trump’s so-called Liberation Day levies, even after they were reduced.
“The higher tariffs will result in higher prices,” he added, saying that consumers will feel the trickle-down effect by the end of this month.
Speaking on Fox News’ morning show, journalist Batya Ungar-Sargon—who recently had a table-banging meltdown on CNN—was outraged.
Host Brian Kilmeade teed her up nicely, suggesting that Walmart likes to “brag about how much they make in America.”
“Why do they have to worry about raising prices?” he asked.
“This is absolutely unacceptable and infuriating,” a visibly worked-up Ungar-Sargon said.
She added that Walmart “walks around bragging that 75 percent of the products that they sell are made here in the United States.”
Wal-Mart raising prices, blaming tariffs
It is unclear where the journalist got this statistic. In the fiscal year 2023 two-thirds, around 66 percent, of Walmart’s total product spend in the U.S. was on items made, grown, or assembled in the country.
The news she was reacting to came from an earnings call where the company’s finance chief John David Rainey asserted that about a third of Walmart’s U.S. stock currently comes from outside the country, with China, Mexico, Canada, Vietnam, and India its largest markets for imports.
“Why are you raising prices?” she continued. “If it’s because they are reshoring their manufacturing, I understand. That’s not what he said. He said because of the tariffs.”
She then erroneously claimed that Walmart’s profit for 2024 was $169 billion. Walmart’s annual net income for 2024 was around $15.5 Billion, according to Macrotrends.
“I just have to say do you know what Walmart yearly profits were last year? $169 billion. Don’t raise prices. Support the president. Support the agenda. Support the American working class,” she fumed.
The journalist might have been referring to the company’s 2024 revenue of $161.51 billion, but she still would have got the number wrong.
Walmart’s Rainey said consumers will start taking the hit in late May.
“I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June,” he said during the earnings call.
Read more at The Daily Beast.
Polds4OSU
Marshall
Ford To Raise Prices On Key Models As Tariff Costs Climb, Trump Says 'They Wouldn’t Sell Any Cars'
Ford will raise prices by up to $2,000 on select trims of the Mustang Mach-E, Maverick, and Bronco Sport, citing rising costs tied to new tariffs, according to a dealer memo seen by Reuters. Though the company did not provide the memo publicly, it confirmed pricing changes are planned and will coincide with promotional offers through the July 4 weekend. The move sparked commentary from Trump, who dismissed the idea that automakers would pass tariffs on to consumers and claimed Ford “wouldn’t sell any cars” if it did. Economists and automakers disagree, warning that import-heavy lineups, like Ford’s Mexico-built models, will bear the brunt of tariff-related costs.
Watch someone suggest the government should put a cap on how much retailers are allowed to profit.
Because that's not socialism at all.
Polds4OSU
Marshall
MAJOR BREAKING: Moody’s has DOWNGRADED the United States’ credit rating from Aaa to Aa1 — the first-ever U.S. credit downgrade in the agency’s history.
“We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
www.threads.com
“We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
MeidasTouch (@meidastouch) on Threads
MAJOR BREAKING: Moody’s has DOWNGRADED the United States’ credit rating from Aaa to Aa1 — the first-ever U.S. credit downgrade in the agency’s history. “We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under...
www.threads.com
JTOSU
Ranger
This should be BIG news, but my guess is it does not get much play except on a couple of financial news sites.MAJOR BREAKING: Moody’s has DOWNGRADED the United States’ credit rating from Aaa to Aa1 — the first-ever U.S. credit downgrade in the agency’s history.
“We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
MeidasTouch (@meidastouch) on Threads
MAJOR BREAKING: Moody’s has DOWNGRADED the United States’ credit rating from Aaa to Aa1 — the first-ever U.S. credit downgrade in the agency’s history. “We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under...
