Core Viewpoint - General Motors (GM) reported strong third-quarter results, leading to a 15% increase in stock price, despite challenges in the automotive industry, including tariffs and a slowdown in electric vehicle (EV) sales due to the removal of the federal tax credit [2][6]. Financial Performance - GM achieved a third-quarter operating profit of $3.1 billion on revenue of $48.6 billion, surpassing analysts' expectations of $2.7 billion in operating profit on $45 billion in revenue [5]. - The company raised its full-year operating profit guidance to between $12 billion and $13 billion, an increase from the previous range of $10 billion to $12.5 billion, although this is still a decline from nearly $15 billion in the prior year [6]. Market Dynamics - GM's U.S. market share reached its highest level since 2017, driven by strong sales of full-size trucks and SUVs [3]. - Despite the challenges in the EV market, new car sales were 4% higher through August compared to the previous year, with the average transaction price for new vehicles rising to $50,000 in September [9]. Tariff Impact - The estimated impact of tariffs on GM is projected to be between $3.5 billion and $4.5 billion in 2025, which is $500 million better than previous estimates [7]. - The company took $1.6 billion in write-downs related to EV assets, indicating that anticipated profitability from EV investments may not materialize as expected [8]. Investment Outlook - GM is viewed as a capable player in navigating the complexities of the automotive industry, with strong demand for its fleet and a low price-to-earnings ratio of 10, making it an attractive option for investors [11].

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]

I'm joined now by NBC News White House correspondent Yalsendor, NBC News senior business correspondent Christine Romans, and Daniel D. Roer, international trade reporter for Politico. Thanks to all of you for starting us off on this big day for the economy.Yamich, let's start with you. So, Ontario says it's going to stop running the ad. What could the implications of that be.Could President Trump restart talks. Is that enough. >> Well, Kristen, I can tell you that that is a key question.as soon as this news ...