HaiKhuu Weekly Recap & Analysis
April 21 - April 25, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
China said there are no ongoing discussions with the United States on tariffs
Shein and TEMU raise prices in response to Trump tariffs
Intel announced plans to cut more than 20% of staff
Major Indices’ Weekly Movement:
S&P 500: +5.63%
Nasdaq: +7.81%
Dow Jones: +3.25%
Monday, April 21
Stock Related News:
Japan’s Prime Minister Ishiba said today that Japan won’t concede to all of the United States’ demands in its trade talks, citing the need to protect national interests
Chipotle is opening its first location in Mexico
President Trump:
Tariffs are going well, everybody wants to negotiate
U.S. FTC is suing Uber, accusing deceptive practices related to Uber One subscription service
Economic News:
U.S. Leading Economic Inidicators:
(Previous -0.2%, Actual -0.7%)
Major Indices:
S&P 500: -2.38%
Nasdaq: -2.47%
Dow Jones: -2.49%
Tuesday, April 22
Stock Related News:
Boeing will sell portions of its digital aviation solutions business to Thoma Bravo for $10.55 billion
Vice President JD Vance:
India and the United States have “finalized terms of reference” for trade deal
OpenAI would be interested in purchasing Google’s Chrome internet browser, OpenAI executive testifies at trial
Sam Altman is stepping down as Oklo chairman
President Trump:
Ultimately China tariffs won’t be close to 145%, it’ll come down substantially but won’t be zero
No intention of firing Jerome Powell
Intel announced plans to cut more than 20% of staff
The European Commission has fined Apple $570M and Meta $230M for violating the Digital Markets Act, in the first penalties ever issued under the new EU tech regulation
Economic News:
No Economic News
Major Indices:
S&P 500: +2.60%
Nasdaq: +2.63%
Dow Jones: +2.69%
Wednesday, April 23
Stock Related News:
White House is reportedly considering slashing China’s tariffs to de-escalate the trade war
Treasury Secretary Bessent:
‘America first does not mean America alone’
China will come to the realization that it needs economic change, sometimes it takes an external push
Full China trade deal may take 2 to 3 years
‘We’re very close’ to a tariff deal with India
President Trump:
Will have fair trade deal with China, the European Union and China ripping the U.S. off
Depends on China how soon tariffs can come down
If we don’t make deal with China, it’s ok
DOJ probes Disney-FuboTV deal over competition concerns
President Trump will reportedly exempt car-makes from some US tariffs
Google is forcing some of its remote workers to come back to the office at least 3 days a week or lose their jobs
Economic News:
Services PMI:
(Previous 54.5, Actual 51.4)
Manufacturing PMI:
(Previous 50.2, Actual 50.7)
New Home Sales:
(Previous 674k, Actual 724k)
Major Indices:
S&P 500: +1.55%
Nasdaq: +2.27%
Dow Jones: +1.03%
Thursday, April 24
Stock Related News:
China said there are no ongoing discussions with the United States on tariffs
UPS will acquire Andlauer healthcare group for $1.6 billion, strengthening its global offerings in complex healthcare logistics
Fed Hammack:
Fed could move rates in June if data is clear about the economy’s state
Fed not afraid to move quickly if necessary
Fed Waller:
It is not likely by July there will be clear tariff impacts yet
Wouldn’t surprise me to see more layoffs, higher unemployment
Amazon and Nvidia said AI data center demand is not slowing down
President Trump:
Reason for 90-day pause wasn’t the bond market, pause until we come up with numbers I want
We’re very close to a deal with Japan, tariff plan is doing very well
Economic News:
Initial Jobless Claims:
(Previous 216k, Previous 222k)
Durable-Goods Orders:
(Previous 0.9%, Previous 9.2%)
Existing Home Sales:
(Previous 4.27M, Actual 4.02M)
Major Indices:
S&P 500: +2.10%
Nasdaq: +2.81%
Dow Jones: +1.28%
Friday, April 25
Stock Related News:
Meta and Booz Allen partner on ‘space llama’ AI program with Nvidia and HPE
Microsoft is releasing windows recall tool after security fixes
President Trump:
We’ll be reasonable on tariffs
Won’t drop China tariffs unless they give us something
People are starting to understand how good tariffs are
Another tariff pause after the current 90 day pause is unlikely
Shein and TEMU raise prices in response to Trump tariffs
Economic News:
No Economic News
Major Indices:
S&P 500: +0.72%
Nasdaq: +1.11%
Dow Jones: +0.01%
