HaiKhuu Weekly Recap & Analysis
May 5 - May 9, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Jerome Powell and the Federal Reserve have left rates UNCHANGED
Microsoft introduced two next-generation Copilot+ PCs that can run AI models without using the internet
President Trump:
Reached breakthrough ‘great deal’ with the United Kingdom
UK will fast track U.S. goods through customs, UK will reduce non-tariff barriers
Major Indices’ Weekly Movement:
S&P 500: +0.32%
Nasdaq: +0.71%
Dow Jones: +0.47%
Monday, May 5
Stock Related News:
The Department of Education started collection efforts on defaulted student loans
Skechers has been acquired by 3G Capital
Skechers is going private
Microsoft announced that 5/05 will be the last day Skype will ever be available
Treasury Secretary Bessent:
I am highly confident that 17 trading partners excluding China have presented with very good trade proposals
Maybe as early as this week on trade deals
OpenAI has agreed to buy Windsurf for $3 billion
Economic News:
Services PMI:
(Previous 51.4, Actual 50.8)
ISM Services:
(Previous 50.8%, Actual 51.6%)
Major Indices:
S&P 500: -0.57%
Nasdaq: -0.59%
Dow Jones: -0.19%
Tuesday, May 6
Stock Related News:
Microsoft introduced two next-generation Copilot+ PCs that can run AI models without using the internet
Total global debt rises to $324 trillion in Q1 2025
Treasury Secretary Bessent:
There is nothing in U.S. data that shows we are in recession
Currently negotiating with 17 of 18 key trade partners, have not engaged with China as of yet
The United States government will never default, we will raise the debt ceiling
US debt trajectory is unsustainable
President Trump:
Stop asking how many deal we’re signing
We will possibly start to renegotiate USMCA
By not trading with China, we’re losing nothing
We don’t have to sign trade deals
Elon Musk owned SpaceX just got FAA approval to conduct 25 Starship launches per year from Texas'
Economic News:
Trade Deficit:
(Previous -$123.2B, Actual -$140.5B)
Major Indices:
S&P 500: -0.84%
Nasdaq: -0.93%
Dow Jones: -0.98%
Wednesday, May 7
Stock Related News:
CrowdStrike just announced plans to let go 500 employees representing 5% of its workforce
The European Union plans to propose tariffs on Boeing planes in trade deal talks with the United States fail
Disney just announced plans to create its first Theme Park in the Middle East in Abu Dhabi
The Fed’s have left rates UNCHANGED
Fed Chairman Jerome Powell:
No hurry, we can be patient on adjusting interest rates '
If you look through Q1 distortions, the US economy is solid, resilient, and in good shape
If large increases in tariffs as announced are sustained, will see higher inflation, lower employment
President’s call for rate cuts don’t impact our job at all
People are worried but shock hasn’t hit yet, don’t see big economic effects in the data yet from tariffs
Economic News:
Consumer Credit:
(Previous -$613M, $10.1B)
Major Indices:
S&P 500: +0.42%
Nasdaq: +0.39%
Dow Jones: +0.69%
Thursday, May 8
Stock Related News:
Warner Bros. Discovery moving towards splitting company
U.S. to cut tariffs on UK made cars to 10%
U.S.- U.K. deal to cut beef tariffs to ‘close to zero’
U.K. carmakers get 100k export quota at lower tariff
President Trump:
Reached breakthrough ‘great deal’ with the United Kingdom
UK will fast track U.S. goods through customs, UK will reduce non-tariff barriers
Apple’s silicon design group is working on new chips that will serve as the brains for future devices, including its first smart glasses, more powerful Macs and AI servers
United States will reportedly be slashing China tariffs to as low as 50% as soon as next week
Economic News:
Initial Jobless:
(Previous 241k, Actual 228k)
U.S. Productivity:
(Previous 1.7%, Actual -0.8%)
Wholesale Inventories:
(Previous 0.5%, Actual 0.4%
Major Indices:
S&P 500: +0.70%
Nasdaq: +1.03%
Dow Jones: +0.69%
Friday, May 9
Stock Related News:
White House Economic Adviser Kevin Hassett:
Trade deal with the United Kingdom is framework for future deals
Air traffic controllers who guide planes in and out of Newark Airport lost radar and communication with aircraft last night in another 90-second
Economic News:
No Economic News
Major Indices:
S&P 500: -0.13%
Nasdaq: -0.07%
Dow Jones: -0.34%
