HaiKhuu Weekly Recap & Analysis
February 10 - February 14, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
President Trump:
Signed a memo to implement reciprocal tariffs. targeting countries with large U.S. trade surpluses
Fed Jerome Powell:
‘Will work to help end debanking’
‘We are not in a recession and he would not trade places with the economies of countries like Germany, China, or France’
‘It remains to be seen what tariff policies will be implemented, I don’t know the effects’
‘Don’t believe Elon Musk or team has tried to access Fed systems’
Mexico President threatens civil lawsuit against Google for its renaming of the Gulf of Mexico to Gulf of America
Major Indices’ Weekly Movement:
S&P 500: +0.94%
Nasdaq: +2.08%
Dow Jones: -0.02%
Monday, February 10
Stock Related News:
Microsoft is under French antitrust investigation amid concerns of Microsoft degrading the quality of results when smaller rivals pay to use Bing in their own search-engine products
New York State bans Chinese Deepseek AI model from government devices
Open AI has spoken to government officials about its ongoing investigation into whether DeepSeek obtained data in an unauthorized way
China’s 10% tariffs on U.S. cars affects General Motors, Ford, and Mercedes SUVs
A group of investors led by Elon Musk is offering to buy the nonprofit that controls OpenAI for $97.4 Billion
President Trump:
Raised aluminum tariffs to 25%, while also reinstating 25% steel tariffs on all countries
Sunday’s SuperBowl brought in a record TV audience. The number of viewers rose 2.1% to 126 million
Economic News:
None Scheduled
Major Indices:
S&P 500: +0.68%
Nasdaq: +1.21%
Dow Jones: +0.37%
Tuesday, February 11
Stock Related News:
Sam Altman and OpenAI’s board rejects Elon Musk and investors ‘embarrassing’ takeover bid
Affirm plans to bring buy now, pay later debit cards to more users through new deal with Fis
Fed President Hammack:
It’s likely appropriate to hold rates steady for some time, risks to inflation are skewed to the upside right now
Fed Jerome Powell:
‘Will work to help end debanking’
‘We are not in a recession and he would not trade places with the economies of countries like Germany, China, or France’
‘It remains to be seen what tariff policies will be implemented, I don’t know the effects’
‘Don’t believe Elon Musk or team has tried to access Fed systems’
Netflix is exploring partnerships with different podcasts to consider bringing to their platform
Netflix has opened its new restaurant called BITES in Las Vegas which promises “ a flavorful adventure, this unique dining experience offers breakfast, lunch, and dinner, with each menu item inspired by a hit Netflix show or movie”
Economic News:
NFIB Optimism Index:
(Previous 105.1, Actual 102.8)
Major Indices:
S&P 500: +0.08%
Nasdaq: -0.24%
Dow Jones: +0.30%
Wednesday, February 12
Stock Related News:
Amazon is opening a beauty and health products store in Milan, marking the company’s latest brick-and-mortar experiment
Schwab matches Robinhoods’ extended hours, now rolling out 24 hour trading
President Trump:
‘Interest rates should be ‘lowered’ to go ‘hand-in-hand’ with tariffs’
The Super Bowl, through advertising sales, brought in more than $800 Million in revenue across all platforms
Egg prices in the U.S. were up 53% from last January
Jerome Powell:
‘We are close but not there on inflation’
‘If Elon Musk’s Doge eliminated $1 Trillion of spending, hard to say how it would affect the economy
Chevron is cutting up to 20% of workforce as part of cost-cutting plan
White House Press Secretary:
‘U.S. reciprocal tariffs will be announced before India’s Modi visit on Thursday’
Budget Deficit hit record $840 Billion over the past four months (October 1st-January 31st)
Economic News:
Consumer Price Index:
(Previous 0.4%, Actual 0.5%)
Core CPI:
(Previous 0.2%, Actual 0.4%)
Federal Budget:
(Previous -$22B, Actual -$110B)
Major Indices:
S&P 500: -0.32%
Nasdaq: +0.06%
Dow Jones: -0.56%
Thursday, February 13
Stock Related News:
Alibaba confirmed that the company is partnering with Apple to roll out AI for iPhones sold in China
Elon Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit
Meta opens Facebook Marketplace to rivals in EU antitrust clash
Blue Origin, owned by Jeff Bezos, plans to layoff 10% of its workforce in a company-wide readjustment
President Trumps tariffs will not go into effect today, might start April 1st
Robert F. Kennedy Jr. is confirmed as secretary of health and human services senate confirms
Mexico President threatens civil lawsuit against Google for its renaming of the Gulf of Mexico to Gulf of America
President Trump:
Signed a memo to implement reciprocal tariffs. targeting countries with large U.S. trade surpluses
Tik Tok deadline could be extended
White House is trying to renegotiate chips act awards, some upcoming chips act payments to be delayed
Gamestop is considering investing in Bitcoin and other cryptocurrencies
Economic News:
Initial Jobless Claims:
(Previous 220k, Actual 213k)
Producer Price Index:
(Previous 0.5%, Actual 0.4%)
Core PPI:
(Previous 0.4%, Actual 0.3%)
Major Indices:
S&P 500: +1.06%
Nasdaq: +1.44%
Dow Jones: +0.82%
Friday, February 14
Stock Related News:
Apple restored TikTok to the app store following DOJ letter
Meta plans on a major investment into humanoid robots
Taiwan semiconductor considers operating U.S. Intel factories after Trump request
Economic News:
Import Price Index:
(Previous 0.2%, Actual 0.3%)
Retail Sales:
(Previous 0.7%, Actual 0.9%)
Major Indices:
S&P 500: -0.004%
Nasdaq: +0.42%
Dow Jones: -0.33%
