Commodities, Business & Shipping (and Tariffs)

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Wall Street Breakfast Podcast: Tariff Hit Sends Auto Stocks Sliding​

Summary​

  • President Trump's 25% tariffs on Canada and Mexico sent auto stocks and suppliers lowers, with GM, Ford, Stellantis, and Tesla all experiencing declines.
  • Walgreens Boots Alliance surged 5.8% premarket on news of a potential $10 billion acquisition by Sycamore Partners, expected to finalize soon.
  • 23andMe's special committee rejected CEO Anne Wojcicki's proposal to take the company private, citing the offer's significant undervaluation compared to a previous bid.
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Dow tumbles again, loses more than 1,300 points in two days as Trump ignites trade war: Live updates​

The Dow Jones Industrial Average tumbled for a second day as President Donald Trump’s tariffs left investors fearful of potential shockwaves for the economy.

The blue-chip average dropped 670.25 points, or 1.55%, building on Monday’s plunge of nearly 650 points. The Dow ended the session at 42,520.99. The S&P 500 dropped 1.22% and closed at 5,778.15 after notching its worst day of the year in the prior session. The Nasdaq Composite lost 0.35% and finished at 18,285.16.

At their worst levels, the Dow fell more than 840 points and the S&P 500 slid 2%. The Nasdaq had dropped more than 2% at its lowest and at points flirted with correction territory, a term that refers to an index falling 10% from a recent high. More than 4 out of 5 S&P 500 stocks ended the day lower. Some investors scooped up shares like Nvidia that have been battered this year.

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Global Maritime Industry Year in Review​

Geopolitical developments often have a greater effect than market forces on the highly volatile shipping market. Beginning with the 2007–08 financial crisis, global shipping has faced a series of new challenges, with analysts tending to label each year more arduous than the one before. But the malevolent actions and worsening extreme weather conditions the industry encountered in 2024 are without match over the past decade and a half. The year’s complications, contradictions, and calamities included the prolonged war in Ukraine, wanton Houthi attacks in the Red Sea, and rising tensions in the South China Sea. Meanwhile, piracy returned off the Somali coast, while climate change limited some operations through the Panama Canal—although operators there still registered record profits. Container ships avoided the Suez Canal and instead transported goods around southern Africa, a choice that increased transit time and greenhouse gas emissions. Yet, those container ships’ owners enjoyed a profitable year.

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What's Going on With Containers? | Trans-Pacific Maritime (TPM) Conference Underway​

Mar 4, 2025 #supplychain #tpm25 #container

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the opening day of the Trans-Pacific Maritime (TPM) 2025 Conference in Long Beach, California with the Keynote Address by John Bolton, an interview with the CEO of Mediterranean Shipping Company, Soren Toft, and a New Era of Volatility in the container market.


21:20


00:00 Introduction of the TPM Conference
2:10 Trump Administration Implements Canada, Mexico, and China Tariffs
04:10 Bolton Warns that US Isolationism Threatens Global Supply Chains
07:58 MSC CEO - Port Tax on Chinese Ships Will Make Some Routes Unviable
13:59 Container Market Downturn Creating a 'New Era of Volatility'
19:00 Conclusion

TPM25 https://tpm.joc.com/en
Trump Escalates Global Trade War, Sparking Tit-for-Tat Tariffs https://gcaptain.com/trump-escalates-...
TPM25: Growing US isolationism threatens global supply chains: Bolton https://www.joc.com/article/tpm25-gro...
Why a US withdrawal from world stage would be bad for shipping https://www.lloydslist.com/LL1152758/...
TPM25: Port tax on Chinese ships will make some routes unviable: MSC’s Toft https://www.joc.com/article/tpm25-por...
Big variances to China-built boxship exposure for US service providers https://www.lloydslist.com/LL1152761/...
If US taxes Chinese ships, liners could pull capacity from US ports https://www.lloydslist.com/LL1152757/...
TPM25: Container market downturn creating ‘new era of volatility’ https://www.joc.com/article/tpm25-con...
New trade war salvos offer rate respite before demand dives https://www.lloydslist.com/LL1152749/...
 

Stock futures rise after Commerce Secretary Lutnick suggests possible compromise on Trump tariffs: Live updates​

U.S. stock futures rose early Wednesday after all three major averages suffered sharp losses for a second session.

Futures tied to the Dow Jones Industrial Average rose 255 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures each added about 0.73% and 0.93% respectively.

The blue-chip Dow tumbled 670.25 points, or 1.55%, to end Tuesday’s regular trading session. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The tech-heavy Nasdaq had dipped more than 2% at its lowest point and came within striking distance of correction territory, a term that refers to an index falling 10% from a recent peak.

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Wall Street Breakfast Podcast: CrowdStrike Beats Q4, Stock Slips​

Summary​

  • CrowdStrike falls 9% premarket despite beating Q4 estimates due to disappointing Q1 and full-year EPS projections significantly below consensus.
  • TikTok is reportedly expanding its local services business to the U.S. and offering U.S. employees a share buyback at a higher valuation.
  • Disney plans to cut 6% of its workforce at ABC News and Disney Entertainment Networks as part of a broader restructuring to focus on core businesses.
seekingalpha.com

Wall Street Breakfast Podcast: CrowdStrike Beats Q4

Earnings Snapshot: CrowdStrike beats Q4 estimates, weak outlook weighs on stock. TikTok looks to expand local services in the US; buys shares from American workers. Disney to slash 6% jobs.
seekingalpha.com seekingalpha.com
 

Morning Bid: Dollar ‘smile’ looks lopsided​

Another day, another roller-coaster for world markets. Europe's stocks (.STOXXE), opens new tab and the euro have surged again on the extraordinary news that Germany is ready to take its foot off its debt brake, re-arm and plan half a trillion euros of funding for infrastructure.

Electrified euro markets and surging German bund yields stand in contrast to nervy Wall Street, where the S&P500 (.SPX), opens new tab ended more than 1% in the red again on Tuesday based on concerns about a potential U.S. economic downturn.

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USDA projects record trade deficit as tariffs approach ag exports | Weekly Commodity Market Update​

Mar 5, 2025 #usda #trade #tariffs

This week Will and Ben break down USDA's record ag trade deficit projection and incoming US ag export tariffs.


13:03
 

Dow closes nearly 500 points higher, S&P 500 surges over 1% on hopes for Trump tariff concessions​

Stocks rose on Wednesday, staging a recovery rally after back-to-back losses as investors hoped that an exemption for automakers to President Donald Trump’s controversial tariffs opened the floodgates for more concessions.

The Dow Jones Industrial Average rebounded 485.60 points, or 1.14%, to finish at 43,006.59, regaining ground after plunging more than 1,300 points over the last two sessions. The S&P 500 added 1.12% to 5,842.63, while the Nasdaq Composite climbed 1.46% to 18,552.73.

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Jack Daniel’s maker says Canada pulling U.S. alcohol off shelves ‘worse than tariff’​

Jack Daniel’s maker Brown-Forman’s CEO Lawson Whiting said on Wednesday Canadian provinces taking American liquor off store shelves was “worse than a tariff” and a “disproportionate response” to levies imposed by the Trump administration.

Several Canadian provinces have taken U.S. liquor off store shelves as part of retaliatory measures against President Donald Trump’s tariffs.

 

Copper Prices Skyrocket 13% – Will Tariffs Push It Even Higher?​

📈 Check Scrap Prices: https://iScrapApp.com/ - The scrap metal market is on fire! Copper is up 13%, aluminum prices are climbing, and steel remains volatile. With new tariffs and global economic shifts, what’s next for scrappers and recyclers? Let’s break it down:
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


23:05
 

Target and Best Buy issue warning to shoppers as Trump tariffs kick in​

Two leading US retailers have cautioned that customers should brace for increased prices due to Trump's intensifying trade war.

The 25% tariffs on imports from Canada and Mexico, along with 20% tariffs on goods from China, came into effect on Tuesday. Trump's tariffs, which were pledged early in his presidency, triggered immediate backlash from all three nations, who vowed to retaliate if he instigated a trade war. Consumers will bear the brunt of these tariffs.

More:

https://www.msn.com/en-us/money/oth...S&cvid=41e4968b12fe439abd80aaee0bf71e7e&ei=38
 
Watch or just listen..........up to you.

Eric Yeung Recounts How His Grandfather Helped KMT Store Fort Knox Gold in Hong Kong​

Mar 6, 2025 #gold #money #war

I had the pleasure of speaking with Eric Yeung aka KingKong988 about his family history going back to the Chinese Civil War.

We also spoke about how Hong Kong's influence as a financial centre is about to get a major boost as China sets up a replacement for Europe's Euroclear in the Special Administrative region.

Eric and I also spoke about the new $1.4 trillion in stimulus that should be announced soon by China and how it will impact the economy and commodities.

Last but not least we also touched upon the situation vis a vis the EFP Doom Loop occurring between the Comex and the LBMA. Eric thinks that comparing the current flow of physical gold from London to New York with what happened in 2020 and 2021 is a fool's errand.


41:06
 
Bancosta Week 9

Compass Maritime Week 9

Fearnleys Week 10

www.drewry.co.uk

World Container Index - 06 Mar

06 Mar 2025: Drewry’s World Container Index decreased 3% to $2,541 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Baltic Exchange Dry Index - Price - Chart - Historical Data - News

Baltic Dry increased 231 points or 23.17% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on March of 2025.
tradingeconomics.com tradingeconomics.com
 
www.freightwaves.com

Teamsters to appeal decision that freed Yellow from WARN liability

The Teamsters union told members it is appealing a bankruptcy court’s decision finding Yellow Corp. not liable for failing to provide proper notification ahead of mass layoffs.
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

Retailers see both danger and potential in Trump's tariffs

Many major retailers are sounding the alarm about the potential impact of tariffs on their businesses and consumers, but some hope for benefits from the trade disruption.
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

The tech giants open their wallets

Tech companies have pledged to invest more than $1 trillion in the U.S. in recent months.
www.freightwaves.com www.freightwaves.com
 

The U.S. trade deficit has spiked to record highs amid tariffs fears​

The trade deficit spiked 34% to a record high in January of $131.4B, up $33.3B from $98.1B the previous month, in preparation for tariffs impositions.

According to the U.S. Census Bureau of Economic Analysis, big increases in imports included industrial supplies and materials, up $23.1B; pharmaceutical preparations, up $5.2B; cell phones and other household goods, up $1.2B; computers, up $30B; and telecommunications equipment, up $1.1B.

Increases in exports in January included aircrafts, up $1.1B; semiconductors, up $0.7B; computers, up $0.5B; pharmaceutical preparations, up $0.5B; and jewelry, up $0.6B.

More:

https://www.msn.com/en-us/money/oth...S&cvid=2f285505838f405ca9251c3c0aa63c36&ei=22
 

Dow drops 500 points, S&P 500 hits lowest since early November on trade policy fatigue: Live updates​

Stocks resumed their steep pullback on Thursday as the latest concessions from the White House on President Donald Trump’s controversial tariff policies failed to calm rattled investors.

The Dow Jones Industrial Average traded 516 points lower, or 1.2%, after falling more than 600 points at session lows. The S&P 500 shed 2%, while the Nasdaq Composite lost 2.9%.

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Here's the agreement Trump signed.

United States-Mexico-Canada Agreement

The United States-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020. The USMCA, which substituted the North America Free Trade Agreement (NAFTA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses. The Agreement creates more balanced...
ustr.gov ustr.gov
 
• What We’ve Learned From 150 Years of Stock Market Crashes: Though they varied in length and severity, the market always recovered and went on to new highs. (Morningstar)
 

S&P 500 is flat Friday, but heads for worst week since September amid tariff uncertainty: Live updates​

The S&P 500 gyrated on Friday, regaining some ground with the benchmark headed for its worst week since September as the salvo of trade policy actions unnerved investors.

The broad index added 0.1%, while the Nasdaq Composite rose 0.3%. The Dow Jones Industrial Average ticked down 0.1%.

A weaker-than-expected jobs report released Friday raised further concerns about an economic softening and sent Treasury yields lower. Nonfarm payrolls increased by 151,000 jobs in February, less than the consensus forecast for 170,000 from economists polled by Dow Jones. The unemployment rate ticked higher to 4.1%.

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