UK govt Warns to prepare, New Bird Flu kills 25% ppl, Companies Warn Consumers Broke (Recap Ep279)
Release Date: 05/26/2024
Day Trading Academy Podcast
This week, Marcello talks about how Trump and Elon Musk are considering sending $5,000 checks to U.S. taxpayers, thanks to savings detected by DOGE in the government's payment system. Meanwhile, the stock market suffered its worst day of 2025, losing nearly $1 trillion. In the food sector, egg prices hit a new all-time high in the U.S. U.S. markets closed the week with sharp declines. Trump is considering imposing tariffs of 25% or more on cars, semiconductors, and medicines, negatively impacting those sectors. Microsoft, on the other hand, rose 1.25% after unveiling its first-ever quantum...
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This week, Marcello talks about a group led by Elon Musk offering $97.4 billion to buy the nonprofit controlling OpenAI, though Sam Altman turned down the bid and countered with an offer to buy Twitter for $9 billion. Inflation came in higher than expected at 3%, reinforcing the Federal Reserve’s stance to hold off on interest rate cuts for now. Meanwhile, Donald Trump has been in talks with both Vladimir Putin and Volodymyr Zelenskiy, raising questions about whether the war in Ukraine could soon come to an end. U.S. President Trump's trade advisers were finalizing plans on Wednesday, for...
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This week, Marcello talks about how U.S. aid money is once again under scrutiny, with growing concerns over corruption and mismanagement. Meanwhile, Trump hit the brakes on his trade war (at least for now) pausing new tariffs on Mexico and Canada, which sent markets swinging. And gold? It just smashed through record highs, climbing past $2,900 an ounce as investors scramble for safe-haven assets. Markets had a wild start to the week after Trump’s tariff threats. The Dow slid 0.99% to 44,303.40, the S&P 500 dropped 0.95% to 6,025.99, and the NASDAQ took the biggest hit, down 1.36% to...
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This week in the U.S. market, tech stocks tumbled as China’s DeepSeek AI model emerged as a major competitor, training at a fraction of the cost of U.S. rivals. Nvidia, which has dominated AI chip production, saw a staggering 17% drop. Markets also reacted to the Federal Reserve’s decision to pause its recent stretch of interest rate cuts, signaling that further reductions may not be imminent. Additionally, former President Trump reignited trade war concerns by reiterating a 25% tariff on imports from both Canada and Mexico. Meanwhile, Bitcoin dipped below $100,000, marking its lowest...
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In today's recap, Marcello talks about the dawn of a new year bringing big changes, with a new president in office and the launch of a Trump-themed cryptocurrency making waves in the markets. The newly created Trump Meme Coin has skyrocketed to nearly $12 billion in market value, while Melania Trump’s own crypto project has added to the buzz with a $1.9 billion debut. Stay tuned as we dive into how these developments are shaping the start of the year. Cryptocurrencies tied to President Donald Trump made headlines this week with remarkable market activity. Trump's newly created cryptocurrency...
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In today's recap, Marcello talks about Bitcoin surging past $100,000 for the first time, driven by optimism about President-elect Donald Trump creating a regulatory environment that supports cryptocurrencies. U.S. stock markets reached record highs this week as better than expected tech earnings boosted investor confidence, with companies highlighting the impact of artificial intelligence on their results. Meanwhile, Syria has officially fallen, and President Assad has been granted asylum in Russia. In response, Israel has launched strikes targeting military bases, defense systems, and...
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In today's recap, Marcello talks about coffee prices hitting their highest levels since 1977, driven by record-breaking droughts in Brazil and Vietnam. U.S. stock markets had their best month of the year in November, capped by a Thanksgiving holiday break. Meanwhile, Germany has made headlines with a stark warning to corporations to "prepare for war," adding a dramatic geopolitical twist to an already eventful week. U.S. stock markets posted their biggest monthly gains this year in November, as chip stocks rallied on Friday, after it was reported that the outgoing Biden administration was...
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In today's Recap, Marcello talks about how Donald Trump has returned to the White House, ushering in a new era as Republicans secure control of both the Senate and House. His early actions include accepting a call from Vladimir Putin to discuss ending the war in Ukraine, while Qatar orders Hamas officials to leave the country. Meanwhile, the United States faces an unprecedented drought crisis, impacting nearly all states, over 150 million people, and 318 million acres of crops after a record-breaking summer heatwave. On a brighter note, Bitcoin has exploded to a historic high of $93,445,...
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In today's Recap, Marcello talks to us about how Europe is facing a tough mix of crises, with both weather and economic warnings piling up. In Spain, record-breaking rainfall in Valencia flooded streets, destroyed homes, and left dozens dead, marking one of Europe’s worst floods in years. As citizens continue to search for the missing, the EU is urging people to stock up on supplies, cautioning that many countries aren't ready for a prolonged emergency. At the same time, Warren Buffett's Berkshire Hathaway has sparked concern by selling a large chunk of its Apple shares, hinting at possible...
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In this week's Recap, Marcello tells us how Tesla is making headlines with the launch of its new robots, driverless taxi, and driverless van, showcasing advancements in AI and automation. Meanwhile, Warren Buffett continues his massive sell-off, shedding billions of dollars in stocks over the past few months, signaling caution in the markets. And in the world of media, Joe Rogan’s highly anticipated interview with Donald Trump has sparked conversations about politics, media, and the future of the U.S. Hurricane Milton marched across Florida starting on Wednesday & into Thursday, as the...
info_outlineThis week, US Market News highlighted the worst session for the market on Wednesday after the Federal Reserve's minutes were released. Concerns about persistent inflation and uncertainty about when officials might cut interest rates added to market jitters.
In Conspiracy Theory News, the FDA warned of a new virus with a 25% kill rate, suggesting a bird flu pandemic could potentially kill one in four Americans. Additionally, the UK government launched a "prepare website" advising people on how to prepare for various emergencies, including viral outbreaks, climate emergencies, cyberattacks, and terror attacks.
In Commodities, orange juice prices reached a record high in New York, rising 30% in a few weeks due to Brazil's worst harvest in 36 years. Brazil, which accounts for 70% of orange juice exports, has seen a significant impact on its output.
In Financial & Banking News, EU nations have formally adopted a plan to use windfall profits from frozen Russian Central Bank assets for Ukraine's defense. 90% of the proceeds will go into an EU-run fund for military aid, while the remaining 10% will support the country in other ways. The US debt has swelled to $34.5 trillion, with $11 trillion added since March 2020. Federal Reserve Chair Powell emphasized the need to address the structural deficits sooner rather than later.
Corporate News saw both McDonald’s and Burger King acknowledging that consumers are financially strained, with plans to reintroduce $5 meals. The Nordic region has become a hub for data centers due to its cooler climate, tax breaks, and renewable power availability. Finland's wind power capacity surged by 75% to 5,677 megawatts in 2022, leading to plummeting prices on windy days.
In Technology, Elon Musk and Indonesian Health Minister Sadikin launched SpaceX's satellite internet for the nation's health sector on Sunday, aiming to improve access in remote parts of the archipelago. SpaceX's Starlink, which owns about 60% of the approximately 7,500 satellites orbiting the earth, is expanding its dominant satellite internet presence to Indonesia, the third country in Southeast Asia to receive its services.
Trade News noted a capacity crunch in ocean container shipping, hitting global trade just as the peak shipping season begins. Freight spot rates have risen by about 30% over the past few weeks due to bad weather, longer ocean transits, and vessels skipping ports, exacerbating supply chain issues.
In International Events, the International Criminal Court's prosecutor requested arrest warrants for Israeli Prime Minister Netanyahu, the Defense Chief, and three Hamas leaders over alleged war crimes.