The UK’s steel sector warned of a potentially existential crisis after the European Union proposed raising tariffs to shield its own ailing sector https://t.co/O1X1EAFpBT ...

Core Insights - Tariffs are exerting additional pressure on commercial construction budgets, as highlighted by new research from Cushman & Wakefield [1] Group 1: Impact of Tariffs - The imposition of tariffs is leading to increased costs in the commercial construction sector, affecting overall project budgets [1] - Research indicates that these tariffs are contributing to a rise in material costs, which is a significant concern for construction firms [1] Group 2: Industry Response - Companies in the construction industry may need to reassess their budgeting strategies to accommodate the rising costs due to tariffs [1] - The research suggests that firms could explore alternative materials or suppliers to mitigate the financial impact of tariffs [1]

Core Points - The meeting between President Trump and Canadian Prime Minister Mark Carney is expected to be tense due to ongoing trade tensions and tariffs imposed by the U.S. on Canadian goods [1][2] - Canada has been significantly affected by U.S. tariffs on steel, aluminum, lumber, and trucks, with no resolution in sight [2][10] - The U.S. is leveraging its strong economy against Canada, which is facing economic struggles, to renegotiate trade agreements, particularly the USMCA [3][15] Trade Relations - The U.S. is reviewing the USMCA ahead of the 2026 deadline, indicating a shift in trade negotiations and rules [3][15] - Canada’s economy is described as being in turmoil, with a widening goods trade deficit and collapsing exports, which gives the U.S. leverage in negotiations [16][17] - The Canadian agricultural market, particularly in the egg sector, is criticized for its supply management system, which is seen as detrimental to Canadian consumers [9][10] Economic Impact - Canada’s residential housing market constitutes 43% of its GDP, highlighting its economic vulnerability [13] - The Canadian economy is described as being in "free fall," with an overblown housing market posing risks for future stability [14] - The U.S. aims to negotiate lower prices for steel and lumber to support affordable housing and manufacturing, which are critical for its own economy [12][15]

Core Insights - Steel Dynamics, Inc. (NASDAQ: STLD) has experienced a moderate performance over the past year, with a stock price increase of approximately 9% [1] - The company is influenced by two tariff factors: higher steel and aluminum prices enhance the competitiveness of domestic steelmakers, while tariffs have a counteracting effect [1] Company Performance - The stock has added about 9% over the past year, indicating a stable performance in a fluctuating market [1] - The interplay of tariffs and commodity prices is critical in determining the company's market position and profitability [1] Industry Context - The domestic steel industry is affected by external tariff policies, which can either bolster or hinder competitiveness depending on market conditions [1]

Core Insights - McCormick & Company, Incorporated (MKC) reported third-quarter fiscal 2025 results showing volume-led growth and resilience despite a challenging cost environment, with both earnings and sales increasing year over year and surpassing the Zacks Consensus Estimate [1] Financial Performance - Adjusted earnings per share rose to 85 cents, up from 83 cents in the prior year, exceeding the Zacks Consensus Estimate of 81 cents, driven by higher operating income and disciplined cost management, although gross margin softened due to rising commodity costs and tariffs [2] - Net sales reached $1,724.9 million, a 3% increase year over year, including a 1% positive currency impact, beating the consensus mark of $1,715 million; organic sales grew 2%, supported by volume growth of over 1% and a 1% contribution from pricing [3] - Gross profit for the quarter was $645.1 million, down from $649.9 million in the previous year, with gross margin contracting 130 basis points to 37.4%; adjusted gross margin also contracted 120 basis points due to elevated input costs [4] Segment Performance - Consumer segment sales advanced 4% year over year to $973 million, with organic sales growing 3% driven by improved volume and mix; adjusted operating income rose 4% to $194 million [6] - Flavor Solutions segment sales increased 1% to $752 million, with organic sales up 1% on pricing; adjusted operating income dipped 2% to $100 million due to higher input costs and tariffs [7] Financial Health - McCormick ended the quarter with cash and cash equivalents of $94.9 million, long-term debt of $3.1 billion, and total shareholders' equity of $5.8 billion; year-to-date operating cash flow was $420.2 million, with expectations for robust cash generation in fiscal 2025 [8] Future Outlook - The company reiterated its sales growth outlook for fiscal 2025 while lowering profitability guidance due to rising commodity costs and tariffs, expecting net sales growth of 0-2% [9][10] - Adjusted EPS is now projected between $3.00 and $3.05, indicating 2-4% year-over-year growth, down from the previous expectation of $3.03 to $3.08 [11]

Tariffs and Competitive Advantage - Amazon hasn't felt significant tariff pressure due to heavy inventory and its marketplace structure [2] - Amazon's marketplace has a structural advantage because 60% of items are sold by third-party sellers who price competitively [2][9] - Amazon is relatively well insulated from the impact of tariffs due to its marketplace model [9][10] Prime Day and Holiday Season - October Prime Day is aimed at capturing wallet share for the holiday season, unlike the June/July event which tests logistics [4][10] - The analyst believes that Amazon is trying to capture as much wallet share heading into the holiday season [4] - The analyst dismisses misleading headlines about Prime Day orders being down year-over-year, maintaining a positive outlook on Amazon [11] - Prime Day remains a significant revenue catalyst for Amazon [10] AI and Technology - Amazon is heavily invested in Anthropic in the AI space [5] - Amazon is well-positioned to capitalize on AI, though it's less associated with OpenAI compared to some peers [6] - Amazon is expected to have the technology to maximize e-commerce revenue, including potential AI agents or instant shopping features [15] Stock Performance and AWS - Amazon's year-to-date stock performance is flat, underperforming some AI-related stocks [5] - Strength in Amazon Web Services (AWS) revenue in the September quarter could drive a stock rally in the back half of the year [16][17] - The analyst has a buy rating on Amazon with a $272 price target [17] Retail Competition - Amazon is trying to compete more on value by offering a $5 grocery option [13] - Amazon benefits from a core consumer with a higher income compared to Dollar General [13]

Core Insights - Amazon is currently not feeling significant pressure from tariffs due to heavy inventory built in anticipation of these tariffs [2][3] - The company's marketplace model, where 60% of items are sold by third-party sellers, provides a structural advantage that helps maintain competitive pricing [2][9] - Prime Day in October is viewed as a strategic move to capture consumer spending ahead of the holiday season, contrasting with the earlier Prime Day which focused on logistics testing [4][10] Financial Performance - Year-to-date, Amazon's stock performance is flat, underperforming compared to other tech stocks, particularly those heavily involved in AI [5][16] - The company has made favorable comments regarding the impact of tariffs in its second-quarter earnings call, indicating resilience in its retail position [12] Competitive Landscape - Amazon's competitive advantage is highlighted against retailers like Dollar General, as Amazon's core consumers tend to have higher incomes [13] - The company is actively trying to compete on value, such as offering $5 grocery items [13] Technology and Innovation - Amazon is expected to leverage technology, including AI, to enhance e-commerce revenue, although the effectiveness of chatbot shopping remains uncertain [14][15] - The performance of Amazon Web Services (AWS) in comparison to competitors like Microsoft Azure and Google Cloud will be crucial for potential stock rallies in the latter half of the year [16]

[Music] Good Tuesday morning from Yahoo Finance's New York City headquarters studios. I'm Yahoo Finance executive editor Brian Sazi. You're watching New York Rangers alumni Adam Graves, Henrik Lungquist and Mike Richtor ringing the opening bell to NYSC.For those under the age of 21 that love and watch opening bid. Mike Richtor was an awesome goalie for the Rangers in the 1990s. Think of him as the Nvidia of9s goalies.Friends, absolutely dominant. Uh Expand Energy getting trading underway at the NASDAQ. No R ...

Market Overview - The AI trade continues to drive market sentiment, particularly following the significant deal between OpenAI and AMD, which is expected to add billions in sales for AMD over the next few years [3][9][12] - Major stock indexes opened positively, with the Dow up approximately 88 points, and AMD seeing a notable increase of 7% after a 23% rise the previous day [5][6] - Gold prices have surged, hitting record highs, with a year-to-date increase of over 50%, indicating a strong demand for commodities amid rising equities [7][31] Corporate Performance - McCormick, the maker of Frank's RedHot sauce, has lowered its full-year profit forecast due to increased costs from tariffs [4] - Constellation Brands is facing challenges with weak consumer demand, highlighting the impact of changing consumer preferences [4] - Dell has raised its long-term revenue growth outlook from 3-4% to 7-9% due to a positive outlook on AI [12][15] AI Sector Insights - The partnership between OpenAI and AMD is seen as a pivotal moment for the AI sector, challenging skepticism about peak AI infrastructure and future demand [9][10] - AMD's CEO emphasized the potential of AI technology, suggesting that the industry is in the early stages of a significant growth cycle [11] - Analysts have expressed concerns about the sustainability of AI stock valuations, warning that current multiples may pose risks for new investors [13][27] Tariff Impact - A KPMG survey revealed that 89% of CEOs believe tariffs will significantly affect business performance over the next three years, with 86% planning to increase prices [43][44] - CEOs are actively adjusting supply chains and pricing strategies in response to tariff-related costs [45][48] - The survey indicates a growing concern among CEOs regarding the impact of tariffs on small businesses and overall market stability [47] Investment Strategies - Experts suggest that average retail investors may already have significant exposure to AI stocks and should consider diversifying their portfolios to mitigate risks [19][22] - Leveraged ETFs are gaining interest as investors look for ways to capitalize on the AI trend, although caution is advised for average investors [20][21] - The discussion around gold as a hedge against market volatility is prominent, with some analysts favoring AI investments for potential growth despite the risks [34][38]

The European Union unveiled fresh tariffs on Tuesday meant to shield its ailing steel sector, taking a page from Donald Trump’s protectionist playbook https://t.co/xXlP3ugSN4 ...