Malaysia said it is negotiating for chips to be spared from President Donald Trump’s tariffs as it prepares to close a trade agreement with the US on Sunday https://t.co/DlaeiDQ8kQ ...

President Donald Trump said he expected to meet with Brazilian President Luiz Inacio Lula da Silva during his trip to Asia and that he was open to reducing tariffs on Brazil https://t.co/jypdjvP9tX ...

Core Insights - Deckers Outdoor Corporation (NYSE:DECK) is facing challenges in a competitive market, with Telsey Advisory maintaining a "Market Perform" rating and a revised price target of $105, down from $120 [2][6] - The company's stock price has declined by 12.7% following the release of its fiscal Q2 report, despite exceeding earnings per share and revenue expectations [2][3] - Concerns over slowing growth in the Hoka brand and a softer U.S. market have led to downgrades from multiple Wall Street firms [3][6] Financial Performance - Deckers reported fiscal Q2 earnings of $1.82 per share, surpassing estimates, but the full-year revenue guidance fell short of Wall Street expectations [3][5] - The company now projects full-year sales of approximately $5.35 billion, which is below the consensus forecast by analysts [5] Brand Performance - Hoka's growth is projected to be in the low-teens percentage range for fiscal 2026, a significant decrease from the 24% growth seen in the previous year [4] - Ugg is expected to grow in the low to mid single-digit percentage range, down from a 13% growth rate in the prior year [4] Market Conditions - The U.S. market is described as softer, with CEO Stefano Caroti noting a more cautious consumer base due to tariffs and rising prices [5][6] - The company is considering mitigation strategies, such as promotions, to attract shoppers amid these challenges [5][6]

[Music] When someone says >> tonight, Canada pulled the plug on a TV commercial that infuriated President Trump, prompting him to abruptly cut off trade talks. The ad uses the words of the late President Reagan to make a case against US imposed tariffs. >> America's jobs and growth are at stake.>> The ad paid for by the province of Ontario set off Mr. . Trump on social media calling the ad fake with Reagan speaking negatively about tariffs. >> Such trade barriers hurt every American worker and consumer.The ...

Military & Geopolitics - The U S is deploying the USS Jerry Ford carrier strike group to the Caribbean amid rising tensions with Venezuela, potentially targeting drug facilities and trafficking routes [4] - The U S has already conducted 10 strikes on suspected drug smuggling, resulting in over 40 deaths, raising legality concerns [6] - President Trump has imposed sanctions on Colombia's President Petro, accusing him of allowing drug trafficking [8][10] - The U S military presence includes B-1 bombers, F-35 squadrons, 8 warships, submarines, air patrol vehicles, and Reaper drones [59] - The President confirmed a covert CIA operation is happening on the ground in Venezuela [71] Trade & Economics - Trade talks between the U S and Canada were halted due to a controversial TV ad, leading to potential discussions at the APEC summit [2][14][16][23] - Ontario agreed to pull the anti-tariff ad starting Monday to allow trade talks to resume [15] - The market shrugged off trade concerns, focusing on inflation numbers and expectations of future Fed rate cuts [32][33][34] - A delayed CPI report showed softer-than-expected inflation in September, strengthening the case for more rate cuts [40] - The Treasury Department approved a $20 billion rescue package for Argentina, along with another $20 billion in private financing [48] Politics & Policy - New York Attorney General Letitia James pleaded not guilty to mortgage fraud charges, alleging political motivation [3][86] - The administration will make its case in court for the right to layoff thousands of federal workers amid the government shutdown [39] - 25 states could cut off SNAP food benefits, affecting 42 million Americans, if the government remains closed [40] - The White House framed the softer-than-expected CPI number as justifying the view that tariffs are not inflationary [43]

Market Analysis - Gold is outperforming Bitcoin due to factors beyond tariffs [1] - China is strategically building gold-based financial infrastructure to challenge the US dollar's dominance [1] - Beijing injected 1 trillion yuan this year, intentionally devaluing it against gold [1] Bitcoin Challenges - Bitcoin experienced leverage liquidations due to tariff volatility [1] Proposed Solution - Advocate for funding the Strategic Bitcoin Reserve to enable BTC to compete as a leading form of hard currency [2]

Ontario Premier Doug Ford on Friday said his province would pause ads that showed former President Ronald Reagan criticizing tariffs, after President Donald Trump condemned the move and announced he would “terminate” trade talks with Canada.Read more: https://t.co/rPRnzadije📸: Anna Moneymaker via Getty Images ...

Trade Policy & International Relations - The ad from Ontario, Canada quoted former President Ronald Reagan on the perils of protectionism and tariffs [1] - The Reagan Foundation stated the ad misrepresented Reagan's comments, but a closer look suggests otherwise [2] - Reagan's administration generally favored free trade, participating in discussions that led to the World Trade Organization [5] - Trump criticized the ad and threatened to cut off trade discussions with Canada [6] - Ontario Premier Doug Ford paused the ad campaign to facilitate trade talks with the US [6] - The US and Canada are discussing reducing US tariffs on Canadian steel and aluminum [7] - A review of the US Mexico Canada free trade agreement is scheduled for next year, injecting tension into negotiations [7] Tariffs & Trade Barriers - Tariffs can offer short-term protection but hurt American workers and consumers in the long run [3] - The US once imposed a 100% tariff on Japanese semiconductors due to concerns about dumping [4] - Reagan generally opposed tariffs, viewing them as a bad policy decision [4]

Trade Negotiations & International Relations - The suspension of trade negotiations with Canada by President Trump raises concerns given Canada's status as a major trading partner, import source, and long-time ally of the US [11][12] - President Trump's reaction to an ad by Ontario, Canada, which he perceived as critical, led to the suspension of trade negotiations [3][5] - The US administration exempts most products imported from Canada from tariffs if they comply with the free trade agreement [22] - Sector-specific tariffs, particularly on steel, aluminum, and lumber, are major sticking points in trade talks with Canada, negatively impacting Canadian industries [24][25] - China cut off its purchases of soybeans back in May [30] - South Korea pledged $350 billion in investments in the US [31] - Japan agreed to $550 billion in investments and gave the US a lot of control over that [31] US Economy & Inflation - Failure to resolve trade issues with Canada could have existential consequences for US small manufacturers and businesses relying on Canadian imports, potentially leading to higher consumer prices [14][15] - September inflation numbers ticked up slightly, but not as much as economists anticipated [16] - Inflation is at 3%, higher than policymakers would like [15][18] - The market is influenced by trillions of dollars of AI spending and anticipation of lower interest rates by the Federal Reserve [17] - Food inflation is still rising, with record high beef prices and increasing shelter prices [18][19] - Energy prices have ticked up due to new sanctions against Russian oil giants [20]

Inflation Trends - Monthly consumer price inflation was slightly lower than forecast, with headline inflation up 03%/10 and core inflation up 02%/10 [1] - Annual inflation is still rising, with both core and headline inflation up 3% over the past 12 months [1] - Some products experienced slowing inflation, offsetting the impact of tariffs [2] Federal Reserve Policy - Analysts believe the Fed will cut rates again [1] - The Fed's target inflation rate is 2% [2] - The Fed is expected to continue cutting rates [3] Economic Indicators - Housing, food, and car costs were notably restrained [1] - The government's measure of home prices rose at the slowest pace since January 2021 [1] - Furniture, clothing, and personal care products saw price increases due to tariffs [2] Data Collection Disruption - The government may not be able to collect price data for the current month due to the shutdown, potentially impacting the October CPI report and jobs number [4] - The absence of the October CPI report raises uncertainty about the Fed's ability to cut rates in December [4] Economic Outlook - The report suggests a k-shaped economy and a k-shaped CPI report [2][3]