HaiKhuu Weekly Recap & Analysis
April 7 - April 11, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
President Trump authorized a 90 day pause on tariffs
President Trump announced he is raising tariffs on China to 125% effective immediately
Apple has shipped as many as 1.5 million iPhones on chartered planes from India to the United States in an effort to beat President Trump’s tariffs
China announced it has increased its Tariffs on the United States up to 125% matching President Trump’s most recent increase
Major Indices’ Weekly Movement:
S&P 500: +9.14%
Nasdaq: +11.40%
Dow Jones: +8.23%
Monday, April 7
Stock Related News:
White House Economic Adviser Kevin Hassett:
Trump will listen to trading partners if they offer really great deals
Time to ease off rhetoric a bit
Apple plans to source more iPhones from India
President Trump:
Traiffs could be permanent, we are trying to make some deals
Have a great relationship with XI, hope it stays that way
Economic News:
Consumer Credit:
(Previous $8.9B, Actual $-0.81B)
Major Indices:
S&P 500: -0.18%
Nasdaq: +0.24%
Dow Jones: -0.95%
Tuesday, April 8
Stock Related News:
Fed Goolsbee:
Many people fear for their financial safety
White House Press Secretary:
America doesn’t need other countries as much as other countries need us
Trump met with trade team this morning, directed team to have tailor-made trade deals with every country
President Trump believes the United States has the capability to make iPhones domestically
President Trump has officially signed an Executive Order increasing tariffs on China to 104%
Economic News:
NFIB Optimism Index:
(Previous 100.7, Previous 97.4)
Major Indices:
S&P 500: -1.57%
Nasdaq: -1.80%
Dow Jones: -0.81%
Wednesday, April 9
Stock Related News:
Amazon cancelled some inventory orders from China after tariffs
President Trump announced he is raising tariffs on China to 125% effective immediately
President Trump authorized a 90 day pause on tariffs
President Trump:
Announced the tariff pause because people getting afraid
Reversed tariffs for a short period of time, nothing is over yet
President Trump:
I am glad the European Union held back tariffs
President Trump just signed an executive order to review the Pentagon’s weapons acquisition process
China’s Commerce Minister:
China is willing to resolve differences through consultation and negotiation, but if the US side is bent on having its own way, China will fight it to the end
Economic News:
Wholesale Inventories:
(Previous 0.8%, Previous 0.3%)
Major Indices:
S&P 500: +10.50%
Nasdaq: +12.00%
Dow Jones: +7.86%
Thursday, April 10
Stock Related News:
Apple has shipped as many as 1.5 million iPhones on chartered planes from India to the United States in an effort to beat President Trump’s tariffs
White House Economic Adviser Kevin Hassett:
An ‘extraordinary’ deal would be needed to go below 10% tariffs
Fed Bowman:
The U.S. economy is strong, growth is solid but slowing
Fed President Schmid:
The fed is watching markets minute by minute to ensure liquidity keeps flowing
Canada Prime Minister:
Will fight tariffs until they are lifted
European Union and China start negotiations to abolish EU tariffs on Chinese Electric vehicles
Treasury Secretary Bessent:
We are going to get increase in US debt ceiling
Economic News:
Initial Jobless Claims:
(Previous 219k, Actual 223k)
Consumer Price Index:
(Previous 0.2%, Actual -0.1%)
Core CPI:
(Previous 0.2%, Previous 0.1%)
Monthly Federal Budget:
(Previous $237B, Actual $161B)
Major Indices:
S&P 500: -4.38%
Nasdaq: -4.25%
Dow Jones: -2.56%
Friday, April 11
Stock Related News:
China announced it has increased its Tariffs on the United States up to 125% matching President Trump’s most recent increase
Fed President Kashkari:
The Fed has tools to provide more liquidity to the market
U.S. chipmakers which outsource manufacturing will be exempt from China’s tariffs
Apple plans to release its delayed Apple Intelligence upgrades to Siri in fall of this year
Economic News:
Producer Price Index:
(Previous 0.1%, Actual -0.4%)
Core PPI:
(Previous 0.4%, Actual 0.1%)
Major Indices:
S&P 500: +1.78%
Nasdaq: +1.88%
Dow Jones: +1.57%
