HaiKhuu Weekly Recap & Analysis
February 3 - February 7, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Tariffs from the United States and President Trump will be delayed for 30 days
In response to President Trump’s tariffs, China has now placed additional tariffs up to 15% on select imports
The United Postal Service (UPS) has announced it will not be accepting inbound mail and packages from China and Hong Kong
General Motors is laying off 50% of its employees who remain at its discontinued Cruise robotaxi business
Major Indices’ Weekly Movement:
S&P 500: +1.40%
Nasdaq: +1.89%
Dow Jones: +0.71%
Monday, February 3
Stock Related News:
Tariffs from the United States and President Trump will be delayed for 30 days
President Trump signed an executive order to create a sovereign wealth fund
Masayoshi Son, Softbank CEO, said he predicts Artificial General Intelligence will be achieved “much earlier” than anticipated
Economic News:
Manufacturing PMI:
(Previous 50.1, Actual 51.2)
ISM Manufacturing:
(Previous 49.2%, Actual 50.9%)
Major Indices:
S&P 500: -0.67%
Nasdaq: -0.80%
Dow Jones: -0.25%
Tuesday, February 4
Stock Related News:
In response to President Trump’s tariffs, China has now placed additional tariffs up to 15% on select imports
Apple just introduced Apple Invites, “ a new app for iPhone that helps users create custom invitations to gather friends and family for any occasion
Elon Musk’s offer to federal employees to quit their jobs in exchange for pay through September was accepted by 1% of the federal workforce
General Motors is laying off 50% of its employees who remain at its discontinued Cruise robotaxi business
Chipotle said if President Trump’s tariffs go in to place, they will have a impact of about 0.60% on its cost of sales
50% of Chipotle’s avocados come from Mexico
Google is expanding its Waymo robotaxi plans to new markets including Austin, Texas, and Atlanta
Economic News:
Job Openings:
(Previous 16.9 M, Actual 15.6M)
Factory Orders:
(Previous -0.8%, Actual -0.9%)
Major Indices:
S&P 500: +0.67%
Nasdaq: +1.23%
Dow Jones: +0.28%
Wednesday, February 5
Stock Related News:
Chinese antitrust regulators are looking into Apple’s policies and the fees it charges app developers
Fed President Barkin:
“Still leans toward rate cuts in 2025
KFC is partnering with Mike’s Hot Honey to add a new limited-time menu item
The United Postal Service (UPS) has announced it will not be accepting inbound mail and packages from China and Hong Kong
A Japanese government research lab is teaming up with intel to develop a next-generation quantum computer using Intel’s advanced chips
Forever 21 is considering filing for bankruptcy after exiting its last chapter 11 roughly five years ago
Google will be ending its DEI hiring targets
Economic News:
ADP Employment:
(Previous 17k, Actual 183k)
Trade Deficit:
(Previous -$78.9B, Actual $98.4)
Major Indices:
S&P 500: +0.41%
Nasdaq: +0.45%
Dow Jones: +0.70%
Thursday, February 6
Stock Related News:
Honeywell will be separating its Aerospace division from its Automation business and move ahead with plans to spin off its Advanced-Materials arm
President Trump:
“We will drive the price of oil down, and everything will follow”
Youtube is buying TikTok ads to lure creators before ban
Facebook announced PARTNR which is a new program designed to study how humans and robots interaction
The research is focused on how humans and robots would collaborate in a home environment
Economic News:
Initial Jobless Claims:
(Previous 208k, Actual 219k)
U.S. Productivity:
(Previous 2.3%, Actual 1.2%)
Major Indices:
S&P 500: +0.35%
Nasdaq: +0.52%
Dow Jones: -0.29%
Friday, February 7
Stock Related News:
Fed President Kashkari:
“The Fed will get inflation back down”
“I don’t see why we’d hold rates here if inflation moves down”
“Barring something really surprising on administration policy, i would expect policy rate to be modestly lower at end of year than now”
OpenAI is set to receive a $40 Billion investment from Softbank at a $260 Billion valuation
President Trump:
“Plans to issue reciprocal tariffs as early as today”
Meta issued companywide communication to staff Friday that there will be job cuts announced on Monday morning
Economic News:
Employment Report:
(Previous 307k, Actual 143k)
Unemployment Rate:
(Previous 4.1%, Actual 4%)
Hourly Wages:
(Previous 0.3%, Actual 0.5%)
Consumer Credit:
(Previous
Major Indices:
S&P 500: -0.92%
Nasdaq: -1.26%
Dow Jones: -0.95%
