HaiKhuu Weekly Recap & Analysis
March 10 - March 14, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Southwest Airlines will now charge to check bags
Apple is planning a new AirPods feature as part of iOS 19 that will enable live-translation of conversations
FTC moves ahead with broad antitrust probe into Microsoft
Major Indices’ Weekly Movement:
S&P 500: -0.84%
Nasdaq: -0.75%
Dow Jones: -1.87%
Monday, March 10
Stock Related News:
Rocket Companies has just agreed to acquire Redfin for $12.50 per share in stock, valuing Redfin at $1.75 Billion
White House Economic Advisor Kevin Hassett just said:
Trade policy uncertainty will be resolved in early April
Q2 will ‘take off’ after tax cuts
Be wary of recession talks, expects first quarter to squeak into positive category
Delta Airlines shares falls as airline cuts forecasts, citing weaker domestic demand
Economic News:
No News Scheduled
Major Indices:
S&P 500: -2.66%
Nasdaq: -3.88%
Dow Jones: -2.05%
Tuesday, March 11
Stock Related News:
Southwest Airlines will now charge to check bags
Mark Zuckerberg and Meta are testing its first in-house chip for training AI systems
President Trump:
‘Instructed Secretary of Commerce to add additonal 25% tariff, up to 50%, on all steel and aluminum coming into the United States from Canada’
Google owned Waymo expands access to its robotaxis across Silicon Valley
United Airlines has seen 50% drop in government related travel
Lyft is working on a simplified version of its app for elderly riders called Lyft Silver
European Union will target U.S. states led by republicans with retaliatory tariffs
Canada announced $20B in retaliatory tariffs on the US in response to Trump’s steel and aluminum tariffs
Economic News:
NFIB Optimism Index:
(Previous 102.8, Actual 100.7)
Job Openings:
(Previous 7.5M, Actual 7.7M)
Major Indices:
S&P 500: -0.83%
Nasdaq: -0.24%
Dow Jones: -1.13%
Wednesday, March 12
Stock Related News:
Commerce Secretary:
We will bring tariffs down if other countries do the same
Boeing plane prices could increase by millions with tariffs
Attorney for the FTC asked a judge to delay the start of its trial accusing Amazon of deceiving users of its Prime subscription program, pointing to staffing constraints and other issues
FTC moves ahead with broad antitrust probe into Microsoft
Starbucks is testing new store designs in the betting that “expanded seating options, power outlets” and more will get customers to stay and order more
BMW is telling dealers it will absorb the added cost of new tariffs on its imports from Mexico, at least for the next several weeks
Spirit Airlines officially exited Chapter 11 bankruptcy with significantly reduced debt
Economic News:
Consumer Price Index:
(Previous 0.5%, Actual 0.2%)
Core CPI:
(Previous 0.4%, Actual 0.2%)
Monthly Budget:
(Previous -$296B, Actual -$307B)
Major Indices:
S&P 500: +0.53%
Nasdaq: +1.13%
Dow Jones: -0.19%
Thursday, March 13
Stock Related News:
President Trump:
“If EU does not remove tariff on whiskey the U.S. will put 200% tariff on all wines and champagne”
Representatives of President Donald Trump’s family have reportedly held talks to take a financial stake in the U.S. arm of crypto exchange
Treasury Secretary Scott Bessent:
“We are focused over the medium, long-term, focused on real economy”
“Not concerned about a little bit of volatility”
UAE official to press U.S. on ability to buy more Nvidia AI chips
Commerce Secretary Howard Lutnick:
“When president balances budget, president has suggested he wants to waive taxes for those earning under $150,000 it’s aspirational
Compass is in advanced talks to acquire Warren Buffett and Berkshire Hathaway’s real-estate brokerage business, HomeServices of America
Apple is planning a new AirPods feature as part of iOS 19 that will enable live-translation of conversations
Economic News:
Initial Jobless Claims:
(Previous 22k, Actual 220k)
Core PPI:
(Previous 0.3%, Actual 0.2%)
Major Indices:
S&P 500: -1.33%
Nasdaq: -1.80%
Dow Jones: -1.25%
Friday, March 14
Stock Related News:
Google owned Waymo’s self driving cars got 589 traffic tickets in San Francisco in 2024 totaling $65,065 in fines for violations that ranged from blocking traffic to street-cleaning restrictions to parking in prohibited areas
BMW said expects escalating trade conflicts between the US, Europe and China will cost the carmaker about $1.1 billion this year
Economic News:
Consumer Sentiment:
(Previous 65.7, Actual 57.9)
Major Indices:
S&P 500: +2.07%
Nasdaq: +2.42%
Dow Jones: +1.61%
