Boeing CEO Kelly Ortberg said Wednesday that he will work to protect the aerospace giant's turnaround from the impact of the trade war between the U.S. and its trading partners, particularly China. Ahead of the company's quarterly earnings announcement, Ortberg sent a letter to Boeing employees outlining the company's progress on four areas of its recovery plan, which included comments about how the ongoing trade disputes could impact the company."While we are closely watching the developments in global tra ...

Shares of e-commerce giant Amazon (AMZN 4.69%) spiked today on news that President Donald Trump's administration is willing to ratchet down its trade war with China. Specifically, The Wall Street Journal is reporting the administration may cut import tariff on goods from China by more than half.Treasury Secretary Scott Bessent's comments today that there "will be a de-escalation" between China and the U.S. also helped send stocks soaring.Amazon stock was up by roughly 5% as of 12:45 p.m. ET.145% tariffs no ...

Good morning. We sat with 350 New York City lawyers as they strategized against President Donald Trump. There were calls for protests, op-ed writing, and lawsuits. Amid the anger and frustration, some hope broke through the noise. In today's big story, Tesla's earnings report came with a big announcement: Elon Musk is stepping back from DOGE.What's on deck Markets: Gold is showing it's the top "safe-haven" asset.Tech: No more filtered selfies. Instagram's new feature is forcing users to get Reel.Business: ...

Boeing is set to report results before the market opens on Wednesday, when Wall Street expects to see some improvements despite a trade war and other supply chain problems.Boeing CEO Kelly Ortberg, who was hired last year and tasked with getting the manufacturer past a series of safety and manufacturing crises, will likely outline progress, including production rates of its best-selling 737 Max, but investors will be focused on his outlook for the year.Executives will get questions on Wednesday's call about ...

Group 1 - Tesla stock increased by 4.8% ahead of its Q1 earnings report, outperforming the S&P 500 and Nasdaq Composite [1] - The stock's rise was influenced by reports of potential trade-war relief between the U.S. and China, with expectations of favorable trade policy developments [2] - Despite the stock's recent gains, it remains down 44% year to date as of the market close [2] Group 2 - In the Q1 report, Tesla reported non-GAAP earnings per share of $0.27 on sales of $19.34 billion, missing Wall Street estimates of $0.39 per share and $21.1 billion in revenue [3] - The company's auto revenue declined by 20% year over year, contributing to an overall sales decrease of 9% [3] - The misses in earnings and sales were somewhat anticipated by investors, leading to only modest declines in after-hours trading [4] Group 3 - The Q1 report did not provide strong indications of near-term improvement for Tesla, as the company faces significant challenges ahead [5] - Tesla's stock continues to trade at high sales and earnings multiples despite the revenue decline, suggesting caution for potential investors [5] - The anticipated launch of Tesla's robotaxi service this year may be a key performance driver for the company [5]

Core Insights - Tesla's stock has experienced a significant decline, dropping 7% to $224, marking its lowest price since April 8, largely influenced by investor concerns regarding President Trump's actions [1] - The S&P 500 index fell over 3%, with Tesla being the worst performer among U.S. mega-cap companies, reflecting broader market unease due to trade tensions and Trump's conflict with the Federal Reserve [2] - Tesla's reliance on a stable global supply chain and strong U.S.-China relations makes it particularly vulnerable to tariff-related shocks [3] Financial Performance - Tesla is set to report its first-quarter earnings, with analysts predicting a disappointing outcome of $0.41 earnings per share and $1.4 billion net income, the weakest results since Q1 2021 [4] - The first quarter of 2025 saw Tesla's lowest vehicle deliveries since 2022, attributed to declining sales in key markets like California and Germany [4] Analyst Commentary - Analyst Dan Ives highlighted a critical situation for Musk and Tesla, suggesting that the upcoming earnings call is crucial for the company's turnaround strategy [5] - Ives has been critical of Musk's influence on the brand, indicating that continued association with the Trump administration could negatively impact Tesla's future [5] Market Impact - Musk's net worth decreased by $10 billion during the recent stock slide, although he remains the wealthiest individual globally with a fortune of $354 billion [6] - Tesla's stock has declined by 54% from its all-time high in December, following a surge post-Trump's election victory [7]

Core Viewpoint - The "Magnificent Seven" tech stocks have faced significant declines in 2023, while Netflix has shown resilience with a 9% year-to-date increase, outperforming its peers and the S&P 500 [1]. Financial Performance - Netflix's revenue increased by 12.5% year over year to $10.5 billion, meeting analyst expectations [4]. - The operating margin reached a record 31.7%, with operating income rising 27% to $3.3 billion, leading to earnings per share increasing from $5.28 to $6.61, surpassing the consensus of $5.66 [4]. Growth Expectations - For the current quarter, Netflix anticipates a revenue increase of 15% to $11.0 billion and an operating margin of 33.3%, which would set another record [8]. - The company maintains its full-year revenue guidance of $43.5 billion to $44.5 billion and an operating margin of 29% [8]. Market Resilience - Netflix has indicated that it is not experiencing significant headwinds from broader economic uncertainties, including the trade war, and expects to remain resilient during economic downturns [7][9]. - The entertainment sector's historical stability during downturns, along with Netflix's global revenue sources and absence of operations in China, contribute to its resilience [9]. Strategic Execution - The company continues to execute its content strategy effectively, appealing to a wide range of audiences globally, which supports its growth despite market uncertainties [5][11]. - Netflix's premium stock valuation reflects its strong execution and growth potential in the streaming industry [11].

Group 1: U.S. Credit Ratings - In 2011, S&P Global Ratings downgraded the U.S. long-term credit outlook from AAA to AA+ due to budgetary issues, with Fitch downgrading U.S. credit again in 2023 and Moody's considering a similar move [1] - The 2024 fiscal deficit has ballooned to over $1.8 trillion, exacerbating debt and fiscal issues [1] Group 2: Microsoft - Microsoft holds AAA and Aaa ratings from S&P and Moody's, respectively, and has seen its stock fall about 12% this year, outperforming peers in the "Magnificent Seven" [4][6] - The company has a diverse business model across various tech sectors, including cloud, video games, and AI, and was an early investor in OpenAI [4] - Microsoft has a strong balance sheet with over $71.5 billion in cash and equivalents, approximately $40 billion in long-term debt, and equity exceeding $302 billion, resulting in a low debt-to-equity ratio [6] Group 3: Johnson & Johnson - Johnson & Johnson is the only other U.S. company with top credit ratings and recently announced an acquisition of Intra-Cellular Therapies for $14.6 billion, which may impact its credit rating due to increased debt [7] - The stock has performed well, up nearly 9% this year, and the company raised its full-year revenue outlook to $91.4 billion from $89.4 billion [8] - Johnson & Johnson's CFO indicated that the guidance includes a $400 million impact from tariffs, which could affect stock performance if trade tensions with China persist [9] - At the end of 2024, Johnson & Johnson had over $24 billion in cash, about $30.6 billion in long-term debt, and over $71 billion in total equity, maintaining a strong balance sheet despite the recent acquisition [10]

Toyota has emerged as the latest automaker to rethink its production plans to avoid President Trump’s harsh tariffs, according to a report.The Japanese company is weighing whether to produce the next version of its top-selling RAV4 SUV at its Kentucky factory, in addition to manufacturing in Canada and Japan, sources familiar with the matter told Reuters.Toyota had originally planned to scrap Kentucky production of the RAV4 and solely export the new model to the US from Canada and Japan, sources said. 4 T ...

Nvidia boss Jensen Huang reportedly met with the founder of DeepSeek on Thursday during a surprise trip to Beijing – just one day after a House committee revealed a probe into whether the chip giant violated strict export rules by selling to China.Huang’s meeting with DeepSeek boss Liang Wenfeng included talks related to “new chip designs for Chinese customers,” the Financial Times reported, citing two sources familiar with his schedule. The Nvidia CEO also met separately with China’s Vice Premier He Lifeng ...