Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, President Donald Trump has threatened to hike tariffs on goods imported from South Korea to 25%, citing what he said was the failure of the country's legislature to codify the trade deal the two nations re ...

China says Canada deal does not target the US after Trump tariff threat https://t.co/xTRtjiEajE ...

Core Viewpoint - Canada has no intention of pursuing a free trade deal with China, as stated by Prime Minister Mark Carney, following threats from U.S. President Donald Trump regarding punitive tariffs on Canadian exports [1][2]. Group 1: Trade Relations - Carney emphasized that Canada respects its obligations under the Canada-U.S.-Mexico trade agreement (CUSMA) and will not negotiate a free trade agreement without notifying the U.S. and Mexico [1]. - Trump threatened a 100% tariff on Canadian exports if Canada engages in a trade deal with China, indicating a strong stance against Canada acting as a conduit for Chinese goods into the U.S. market [2][3]. - The U.S. Treasury Secretary echoed Trump's concerns, stating that Canada should not become a gateway for Chinese products entering the U.S. [3]. Group 2: Recent Agreements - Canada and China recently concluded a preliminary agreement that allows 49,000 Chinese electric vehicles to enter Canada annually at a reduced tariff rate of 6.1%, with plans to raise tariffs to 100% by October 2024 [4]. - In return, China will lower tariffs on Canadian agricultural exports, such as canola seed oil, from 85% to 15% starting March 1 [4]. - Other Canadian exports, including canola meal, lobsters, crabs, and peas, will not face Chinese anti-discrimination tariffs until at least the end of 2026 [5].

According to CNN, Donald Trump said the United States would impose a 100% tariff on Canadian goods if Canada reaches a trade deal with China, issuing the warning in a series of forceful social media posts. The remarks contrast with Trump’s comments on Jan. 16, when he expressed a favorable view of Canada reaching a trade agreement with China. https://t.co/esW12Bq39P ...

Trump Threatens Canada With 100% Tariff If It Makes Deal With Chinahttps://t.co/eri8cOX5DR https://t.co/cBY0uRE9GS ...

This is Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day. [music] Let's get to the three market catalysts we're watching this hour. First up, Intel shares are plunging as its outlook disappoints. [music] We'll bring you the analyst take on Wall Street and whether the dip is a buying opportunity. Plus, we could we go live to the NASDAQ to speak [music] to the CEO of Equipment Share as that company goes public. And we'll bring you the biggest takeaways [music] from President Trump's ...

Group 1 - Investors are optimistic about avoiding military action in Greenland but do not expect a quick diplomatic resolution, with Trump threatening a 25% tariff on opposing European countries [1] - The market is experiencing volatility due to uncertainty, leading to liquidation selling and a "sell America" trade by Europeans protesting against Trump by divesting American assets [2] - The best-case scenario for the market is a rangebound trade, while the worst-case scenario could mirror the significant sell-off seen in April 2025, where the S&P 500 dropped about 10% in two days following tariff announcements [3] Group 2 - Investors are focused on remarks from business leaders at Davos, the Supreme Court's deliberations regarding Trump's actions against Fed Governor Lisa Cook, and the latest earnings reports [4] - Of the 33 S&P 500 companies that reported earnings, 84.8% exceeded analysts' profit estimates, significantly higher than the long-term average of 67.3% [4]

Ampco-Pittsburgh Conference Call Summary Company Overview - **Company Name**: Ampco-Pittsburgh - **Ticker**: AP - **Founded**: 1929 - **Segments**: - Forged and cast engineered products - Air and liquid processing - **2024 Revenue**: Approximately $400 million - **Employees**: About 1,500 [1][2] Core Business Insights Forged and Cast Engineered Products - **Market Position**: Global leader in forged and cast rolls for steel and aluminum rolling mills, primarily in North America and Europe [2][4] - **Revenue Contribution**: Revenue from rolling mill rolls is estimated at $250-$300 million, with the global market for rolling mill rolls around $2 billion annually [8][9] - **Customer Base**: Major customers include U.S. Steel, Steel Dynamics, and Cleveland-Cliffs [5][11] - **Production Facilities**: Operations in the U.S., Sweden, and Slovenia, with a joint venture in China [6][10] - **Market Dynamics**: The company expects $7-$8 million annual EBITDA improvement from the business reset, focusing on operational efficiencies and growth [3][16] Air and Liquid Processing - **Business Segments**: - Aerofin: Heat exchange products for nuclear power and industrial processes - Buffalo Air Handling: Custom air handling units for specialized environments - Buffalo Pumps: Centrifugal pumps primarily for the U.S. Navy and power generation [17][18] - **Growth**: 55% revenue growth over the last three years, with continued expansion expected [18][19] - **Strategic Importance**: Long-term supplier to the U.S. Navy, with significant investments to modernize facilities [20][21] Financial Performance - **EBITDA Improvement**: Anticipated annualized improvement of $7-$8 million from exiting underperforming assets [23][24] - **Debt Leverage**: Expected to improve as the company modernizes plants and exits unprofitable operations [23][24] - **Pension Plan**: Moving towards a fully funded status, which will positively impact financial health [24] Market Trends and Opportunities - **End Market Growth**: Major end markets projected to grow 3-5% over the next five years, contrasting with previous years of flat or declining growth [15][24] - **Tariff Impact**: Anticipated increase in demand due to tariff changes in Europe, potentially increasing demand by 10%-15% [14][28] - **Nuclear and Navy Markets**: Significant growth opportunities in the nuclear sector and U.S. Navy contracts, with barriers to entry providing competitive advantages [19][21] Risks and Challenges - **Market Demand Fluctuations**: Previous delays in roll purchases due to tariffs and market conditions, but signs of improvement are noted [28][29] - **Competitive Landscape**: Limited competition in the U.S. for rolling mill rolls, but ongoing monitoring of competitors like Villares is necessary [9][34] Conclusion - **Future Outlook**: Positive growth trajectory anticipated, with a focus on improving performance, reducing debt, and capitalizing on market opportunities in both segments [36]

Core Viewpoint - The Trade Desk Inc (NASDAQ:TTD) shares have reached a new 52-week low as investors react to President Trump's proposed tariffs on goods from several European countries, raising concerns about the impact on the company's advertising revenue [1][4]. Company Performance - The Trade Desk reported quarterly results in November with revenue of approximately $739 million, reflecting an 18% year-over-year increase, and earnings per share (EPS) of 45 cents, surpassing consensus expectations. The company guided for fourth-quarter revenue exceeding $840 million [5]. - Despite the positive earnings report, BofA Securities analyst Jessica Reif Ehrlich maintained an Underperform rating and reduced the price target from $49 to $40, citing concerns over macroeconomic headwinds from tariffs [6]. Market Conditions - The proposed 10% tariffs on goods from key European countries could negatively affect the margins of consumer and luxury brands that heavily invest in digital advertising, which is crucial for The Trade Desk's business model [3]. - The stock is currently trading 8.5% below its 20-day simple moving average (SMA) and 10.2% below its 100-day SMA, indicating bearish momentum. Over the past 12 months, shares have decreased by 72.56% [7]. Analyst Insights - The average price target for The Trade Desk is $65.32, with a consensus rating of Buy, despite a projected 15% decline in earnings [10]. - The stock is trading at a premium P/E multiple of 40.3x, indicating a steep valuation compared to peers, while the growth potential remains strong with a score of 90.67/100 [12]. ETF Exposure - The Trade Desk has significant weight in the SmartETFs Advertising and Marketing Technology ETF (NYSE:MRAD), which could lead to automatic buying or selling of the stock based on ETF inflows or outflows [13].

加拿大把中國 EV關稅從 100%砍到6.1% 這大門開了 誰先爽翻？ Tesla！ 協議允許 年進4.9%萬輛 中國製EV 五年內 漲到7萬輛 聽著像邀 中國車企投資 但短期 Tesla領跑！ 為啥？ 2023年他們 從上海Giga 運Model Y 到加拿大 溫哥華港 進口暴增460% 達4.4%萬輛 大多是Tesla貨 2024年 100%關稅來 Tesla轉 美國柏林進口 價格大幅上漲 現在鬆綁 馬上 回上海工廠！ 重要的是 BYD這些車企 在加拿大 還沒有銷售點 Tesla卻有 39家門市遍布 隨時賣爆 主力 Model Y和3 生產簡單靈活 別人還起步 它已半圈領先！ 當然 配額一半 給3.5%萬加幣 以下EV車 Tesla只能做到 獨吞高端 而且Volvo Polestar 也能在早期受益 市場會稀釋 Tesla優勢？ 但我們能 肯定的是 這個政策將讓 Tesla在 加拿大市場 再次火爆！. ...