00:00 Speaker A
First up, inventory futures within the inexperienced within the US this morning persevering with that modest restoration, as buyers search for dip shopping for alternatives whereas nonetheless awaiting readability on how US commerce insurance policies may play out. Warnings from Wall Road strategists are piling up on the dow order outlook for shares. BlackRock downgraded US equities to impartial from chubby on a 3 month horizon. Meantime Goldman Sachs saying the selloff may nicely flip into an extended lasting cyclical bear market.
00:34 Speaker B
Plus, President Donald Trump threatened to slap China with an added 50% import tax, whereas confusion reigned about easy methods to acquire exemptions from his sweeping international tariffs. China pledged to retaliate in opposition to the US in any respect prices, because it stepped up its efforts to assist its native market. Nevertheless, some nations are coming to the negotiating desk. Treasury Secretary Scott Benson mentioned that Japan will probably get precedence within the talks on account of its fast response and that the US has plenty of historical past with Japan, as a army and financial ally.
01:16 Speaker A
And on the earnings entrance, Walgreens reported quarterly revenue that exceeded Wall Road’s expectations, marking a robust efficiency and what’s probably one in all its final quarters as a public firm. The outcomes are welcome information for buyers who’ve been involved concerning the potential of Walgreens to compete, amid rising competitors and declining insurance coverage funds for pharmaceuticals. Meantime, Levi is sustaining a full-year outlook that excludes the impression from sweeping US tariffs which might be poised to hike prices of clothes across the globe. The attire firm mentioned its steerage for 2025 assumes quote “no vital worsening of macroeconomic strain on shoppers, provide chain disruptions, elevated tariffs or comparable elements.
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