Nike shares uh up nicely today about 4%. Profit and revenue beat Wall Street expectations signaling turnaround efforts that the company may be taking hold. Uh sales grew about 1% from the same quarter a year ago.Surprising analysts. Nike expects current quarter revenue revenue though to fall by low singledigit uh percentages in line with where the street was. Anyway, on the topic of tariffs, and that's has a lot to do with this, Nike said it expects a hit of $1.5% billion uh and a gross margin impact of 1.2 ...

Trade lobbying in Washington is booming thanks to widespread confusion about Trump's tariffs https://t.co/kFC3EwqOQ9 ...

Government shutdown starts, Pfizer's drug pricing deal could become industry template, risks from Trump's tariffs, and more news to start your day. ...

Drugmakers now have a template for avoiding Trump tariffs: Agree to a deal that lowers some prices https://t.co/X07piE42sx ...

Businesses from gun manufacturers to drugmakers to Apple are trying to avoid tariffs. They're turning to Trump-connected lobbyists for help. https://t.co/CgL2Q1zKMT ...

Group 1: Tariffs on Entertainment and Lumber - President Trump announced a 100% tariff on foreign-made films to encourage domestic production, but the market reaction was muted, with analysts not viewing it as a serious threat [2][3] - The U.S. stock market remained stable despite the tariff announcement, while Indian media stocks declined by 5% and Netflix shares fell by 1.5% [3] - New tariffs of 10% on imported lumber and 25% on kitchen cabinets and other furniture were set to take effect on October 14, 2025, citing national security concerns [4][5] - Companies like MasterBrand saw a 6% increase in shares due to domestic manufacturing advantages, while high-end retailers faced challenges from increased import taxes [5] Group 2: Pharmaceutical Sector Developments - A significant drug pricing deal was announced between President Trump and Pfizer, where Pfizer would cut drug prices and invest $70 billion in U.S. manufacturing [6] - Pfizer's stock surged by 6.83% to $25.48, with trading volume reaching over 153 million shares, indicating strong market confidence [7][8] - The S&P 500 Pharmaceuticals Index rose nearly 4%, with other major drugmakers also experiencing gains, although some experts questioned the long-term savings for consumers [8] Group 3: Market Resilience Amidst Uncertainty - Despite the looming threat of a U.S. government shutdown, major U.S. indices showed resilience, with the Dow Jones closing at a record high of 46,397.89 [9][10] - Analysts noted that investors appeared to have priced in the potential impact of a shutdown, although concerns about new tariffs renewing business uncertainty remained [10] - Global trade dynamics continued to evolve, with mixed reactions to Trump's tariffs, as some regions adapted better than expected [11] Group 4: Overall Market Impact - The recent policy announcements from President Trump have created a complex environment for investors, with mixed impacts across different sectors [12] - The broader market has shown surprising resilience, continuing its upward trajectory despite political uncertainties [12][13] - Investors are left to navigate the contradictions and potential impacts of these announcements as they prepare for future developments [13]

Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India's newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesIndia's central bank kept its policy rate unchanged at 5.5% Wednesday in line with the expectations of economists polled by Reuters.Inflation moderated significantly in the first quarter, but gr ...

TOKYO (AP) — Sentiment among Japan’s large manufacturers improved for a second straight quarter, according to a closely watched Bank of Japan survey, making a rate hike by its central bank more likely. The quarterly survey, called the “tankan,” showed the outlook among major manufacturers, the key so-called diffusion index, rose 1 point to plus 14 from the findings in June. The survey is an indicator of companies foreseeing good conditions minus those feeling pessimistic. The tankan for large manufactur ...

South Korea’s exports declined as the impact of sweeping US tariffs outweighed the benefit of more working days in the month https://t.co/YT34Y6VmNi ...

All right. A little while ago, I sat down with US trade representative, Mr. . Jameson Greer, talking about Hollywood movies and a whole bunch of other things.Please take a listen. All right. Great pleasure.Joining us now is US Trade Representative Jameson Greer. Jameson, thank you, old friend. Appreciate this very much.Uh you spoke to the New York Economics Club today. I put in a plug for that. Uh let me begin with the latest hottest uh tariff and that is anything outside of u Hollywood 100% tariff.Uh now t ...