President Trump says that a tariff truce extension with Mexico announced by that nation’s leader on Tuesday is a positive step because the country already pays significant tariffs benefiting the US https://t.co/0Plar8IlJb ...

Core Insights - Enphase Energy reported Q3 2025 revenue of $410.4 million, a 13% increase from $363.2 million in Q2, marking the highest revenue in two years, driven by stronger U.S. demand and safe-harbor sales [1][2][6] - Non-GAAP EPS reached $0.90, reflecting a 30% increase from $0.69 in Q2, indicating a strong sequential earnings recovery [1][6] - The company anticipates a sequential decline in Q4 due to softer volumes and tariff headwinds [1] Financial Performance - Q3 revenue: $410.4 million, up 13% from Q2 [6] - Non-GAAP Gross Margin: 49.2%, up from 48.6%, despite a 4.9-percentage-point drag from tariffs [2][6] - Non-GAAP Operating Income: $123.4 million, a 25% increase from $98.6 million [6] - Non-GAAP Net Income: $117.3 million, up 30% from $89.9 million [6] - Free Cash Flow: $5.9 million, down from $18.4 million due to working-capital movements [6] Revenue Breakdown - U.S. Revenue: Increased approximately 29% quarter-over-quarter, driven by robust installer activity and safe-harbor shipments [6] - Europe Revenue: Decreased about 38%, reflecting demand softness and inventory correction [6] Product and Operations - Enphase shipped approximately 1.77 million microinverters and a record 195 MWh of IQ Batteries in Q3 [2] - The installer base for IQ Batteries expanded to over 19,500 globally [6] - New product rollout includes the 4th-gen Enphase Energy System in the U.S. [6] Q4 2025 Guidance - Expected revenue: $310–$350 million, excluding safe-harbor shipments [6] - Gross margin guidance: GAAP 40–43%; non-GAAP 42–45%, each including approximately 5 percentage points tariff impact [6] - Operating expenses: GAAP $130–134 million; non-GAAP $77–81 million [6]

Trade Relations & Tariffs - Tariffs on Canada are viewed as a tax on Americans, negatively impacting job creation and increasing inflation [3][4] - Free trade with Canada creates more jobs and opportunities in both the US and Canada [3] - Ontario is a major trading partner for the US, being the number one partner for 15 states and number two for 12 others [5] - The speaker advocates for an "Amcan Fortress," emphasizing the close alliance and trading partnership between the US and Canada [8] Trade Actions & Negotiations - Ontario, as a large purchaser of alcohol, is considering removing US liquor products from shelves until a fair trade deal is reached [9][10] - Ontario is onshoring products to reduce reliance on the US due to the ongoing trade war [11] - The speaker is actively communicating with US governors, senators, and congressmen to advocate for a trade deal [17] Advertisement & Public Opinion - The advertisement aimed to inform Americans about the harmful effects of tariffs and protectionism [2] - The advertisement generated significant media attention, with over 114 billion (11.4% billion) impressions worldwide [12] - The speaker defends the use of Ronald Reagan's words in the ad, stating they were taken from the public domain [6] Ontario's Economic Role - Ontario is described as the engine of Canada, with 15 million (1.5% million) people [14] - Ontario provides energy to 15 million (1.5% million) homes in New York, Minnesota, and Michigan [17] - Ontario possesses significant rare earth minerals and is willing to supply them to the US [15][16]

MSNBC senior White House reporter Von Hillyard is following the president's trip from Soul, South Korea. Henrietta Trees is co-founder and director of economic policy at Beta Partners. Richard Stangle joins me here in studio. He worked under President Biden as under secretary of state for public diplomacy and he is an MSNBC political analyst. Van, um I was where you are the first time in his first uh term the president traveled there, but explain to me how much of this trip has been substance and how much h ...

I'm Joe Frier. >> And I'm Savannah Cers. Thanks for starting your Monday with us. We are going to begin this morning and this week in Japan where President Trump arrived just a few hours ago. He is set to meet with several Japanese leaders before heading to South Korea on Thursday. >> On the calendar there, President Trump's highly anticipated meeting with Chinese President Xiinping. Tensions between the world's two largest economies have risen since the president threatened an additional 100% tariff on Chi ...

This whole China trade is so important to your world and and what you're looking at. What would you consider Dardrick a good deal out of this face-to-face meeting with Trump and she. Well, I think in the short term here, Contessa, the deescalation to Ununice's point is important, but I think when it comes to the framework that was announced uh by uh Secretary Besson after he met with Halif uh in Malaysia, I we need to see the specifics.The devil, and this is not cliche, is in fact in the details here. And I ...

Market & Trade Dynamics - The market has not fully priced in the potential positive outcomes from the Trump-XI meeting, suggesting further market volatility is expected [1] - Escalating trade tensions, such as 100% tariff rates, negatively impact US, China, and global growth, leading to market sell-offs, while de-escalation triggers rallies [2] - The US-China trade relationship is unique due to mutual reliance: the US on China for rare earths, and China on the US for tech, incentivizing a deal [3] - Trade negotiations between the US and Canada are strained, potentially leading to further interest rate cuts by the Bank of Canada and weighing on the Canadian dollar (CAD) [12] Inflation & Monetary Policy - The market is currently less concerned about inflation and the pass-through of tariff costs to consumers [4] - In the US, the impact of tariffs on inflation is delayed rather than eliminated due to front-loading and varying inventory cycles, potentially keeping inflation above the Federal Reserve's (Fed) target for an extended period [5][6] - Europe is experiencing disinflationary pressures due to demand shocks and the absence of retaliatory tariffs [6][7] - The European Central Bank (ECB) is likely to maintain a dovish stance into 2026 [7] Central Bank Actions - The market anticipates a rate cut from the Fed at its upcoming meeting, influenced by recent softer inflation data [8] - The Bank of Japan (BOJ) might signal a rate hike in December, although this is not currently priced into the market [10] - The Bank of Canada (BOC) is likely to cut rates despite sticky inflation, driven by concerns over trade-related downside risks to growth; a cut would bring them to the bottom of their neutral range [11][12]

RT Bloomberg Live (@BloombergLive)"It's difficult to invest in this kind of environment where you don't know what will be the tariff today, tomorrow or next week," @BangkoSentral's Benjamin E. Diokno at #BBGAsean.⏯️ https://t.co/7bTjjgLoSl https://t.co/5j8ygxlhwX ...

Malaysian Prime Minister Anwar Ibrahim said President Donald Trump told him the US and Malaysia will deal with US tariff on semiconductors “at the appropriate time” https://t.co/1deiXGGDZ7 ...

Mr. . Secretary, do you believe that China is ready to make a trade deal. >> Kristen, I can tell you they are because we just finished two days of negotiations and we've created a framework for the two leaders to discuss on Thursday in Korea.>> President Trump had threatened to impose an additional 100% tariffs on China on November 1st if Beijing goes forward with a plan to put restrictions on rare earth minerals. As you know, if China refuses to pull back those restrictions, Mr. . Secretary, can you confir ...