HaiKhuu Weekly Recap & Analysis
March 31 - April 4, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
President Trump:
US will impost 10% across-the-board tariff on all imports
US to impose 25% tariff on foreign-made automobiles, starting tonight
34% reciprocal tariffs on China
20% reciprocal tariffs on European Union
China’s finance ministry said it will impose a 34% tariff on all goods imported from the US starting on April 10th
Hooters has filed for Chapter 11 bankruptcy
Major Indices’ Weekly Movement:
S&P 500: -8.12%
Nasdaq: -8.48%
Dow Jones: -7.02%
Monday, March 31
Stock Related News:
Amazon just released a new AI model called Nova Act that can take actions in a web browser on a user’s behalf
Apple brings Apple Intelligence to the vision pro
Fed Barkin:
It’s going to take awhile before we get clarity on tariff impact
Economic News:
Chicago Business Barometer (PMI):
(Previous 45.5, Actual 47.6)
Major Indices:
S&P 500: +0.67%
Nasdaq: +0.00%
Dow Jones: +1.02%
Tuesday, April 1
Stock Related News:
The White House is considering roughly 20% tariff on most imports
Fed Barkin:
Bond market is pricing in more recession risk
Roblox partners with Google to offer in-game advertising
Canada PM Carney says they will put in place ‘retaliatory measures’ against US if there are additional measures put against Canada
Mexico’s President just said response to US tariffs will come on April 3rd
White House:
Reciprocal tariffs will take effect immediately
Wall Street will be just fine
Israel eliminated all tariffs on American goods
Hooters has filed for Chapter 11 bankruptcy
The company behind USDC Stablecoin CIRCLE just filed to go public through an IPO
Economic News:
Manufacturing PMI:
(Previous 49.8, Actual 50.2)
Construction Spending:
(Previous -0.5%, Actual 0.7%)
ISM Manufacturing:
(Previous 50.3%, Previous 49.0%)
Job Openings:
(Previous 7.7M, Actual 7.6M)
Major Indices:
S&P 500: +0.28%
Nasdaq: +0.81%
Dow Jones: -0.07%
Wednesday, April 2
Stock Related News:
Ontario Premier Doug Ford just said ‘Canada willing to remove tariffs if the US does
President Trump reportedly told his inner circle that Elon Musk will step back from current role ‘in coming weeks’
Trump Administration Official confirms Amazon as put in a bid to buy TikTok
Amazon will launch first catch of Kuiper satellites on April 9th
Group including Andressen Horowitz, Blackstone to own 50% of TikTok
Oracle would secure TikTok’s data as part of the deal
President Trump:
US will impost 10% across-the-board tariff on all imports
US to impose 25% tariff on foreign-made automobiles, starting tonight
34% reciprocal tariffs on China
20% reciprocal tariffs on European Union
Economic News:
ADP Employment:
(Previous 84k, Actual 155k)
Factory Orders:
(Previous 1.8%, Actual 0.6%)
Major Indices:
S&P 500: +0.63%
Nasdaq: +0.73%
Dow Jones: +0.58%
Thursday, April 3
Stock Related News:
A total of 216,215 federal government employees lost their jobs in March, part of a total 25,240 reduction in the overall size of the labor force which is the highest total since the start of the pandemic
Commerce Secretary Lutnick:
Jerome Powell and the Fed will bring interest rates in the United States much lower
Canada Prime Minister:
Canada will impose 25% tariffs on all vehicles imported from the US that are not compliant with the USMCA trade deal
President Donald Trump’s actions will reverberate across Canada', around the world
Era of integration with United States economy is ‘over’
Our old relationship of steadily deepening integration with the United States is over; this is a tragedy
Economic News:
Initial Jobless Claims:
(Previous 225k, Actual 219k)
Trade Deficit:
(Previous -$130.7B, Actual $122.7B)
Major Indices:
S&P 500: -4.93%
Nasdaq: -5.35%
Dow Jones: -3.98%
Friday, April 4
Stock Related News:
New York State will impose whole-day ban on smartphones in public schools
5
Nintendo just announced it’s delaying pre-orders for its new Switch 2 console in the US as it looks into the “potential impact of tariffs'“
Klarna pauses IPO after Trump tariffs
Stubhub also delays its IPO plans
Jerome Powell:
Trump tariffs bigger than expected, risking higher inflation, slower growth
Economic impact of tariffs likely larger than expected, must ensure price hikes don’t lead to ongoing inflation
Tariffs likely to raise inflation in coming quarters. Possible tariffs could have persistent inflation impact
It’s too soon to say what will be the appropriate path for monetary policy
We face risks for higher unemployment higher inflation, thats difficult for a central bank
Walmart is actively considering joining a group of investors to buy TikTok
Economic News:
Employment Report:
(Previous 151k, Actual 228k)
Unemployment Rate:
(Previous 4.1%, Actual 4.2%)
Hourly Wages:
(Previous 4.0%, Actual 3.8%)
Major Indices:
S&P 500: -5.85%
Nasdaq: -6.21%
Dow Jones: -5.43%
