Core Points - U.S. President Donald Trump announced the termination of all trade negotiations with Canada due to an advertisement by the Ontario provincial government featuring former President Ronald Reagan criticizing tariffs [1][3] - The Ronald Reagan Presidential Foundation stated that the Ontario ad misrepresented Reagan's remarks from a 1987 radio address, which were edited without permission [2] - Ontario Premier Doug Ford announced a $75 million ad campaign in the U.S. featuring Reagan's criticism of tariffs, aiming to influence Republican districts nationwide [3][4] Trade Relations - Trump's decision to terminate trade negotiations is a direct response to perceived interference in U.S. legal matters by Canada [3] - The emphasis on tariffs is a significant aspect of Trump's second term, with ongoing legal challenges regarding his authority to impose tariffs [4]

The Asia-Pacific remains the fastest-growing region in the world, though higher tariffs and rising protectionism are likely to reduce demand for its exports and eventually weigh on activity, according to the IMF https://t.co/9BnNj35Hbn ...

[Music] [Music] [Music] Hey, I'm Craver. Welcome to Man Money. Welcome to Kramer.I got two big friends. I'm just trying to make you a little money. My job is not just to entertain, but to put it in context.So, call me 1800743 CBC. Tweet me at Jim Kramer. Bulls waste a huge amount of time shadow boxing the Bears.Yeah, the Bulls are always on the defensive even when they have the history, the data, and the numbers on their side. How is that possible. I think people just refuse to trust the market.They want to ...

Group 1 - Alcoa's stock price increased nearly 13% despite missing quarterly analyst estimates for both earnings and revenue, contrasting with a 0.6% rise in the S&P 500 [1] - The company's third-quarter revenue rose by 3% year-over-year to just under $3 billion, but it reported a net loss of $6 million, or $0.02 per share, compared to a profit of $135 million in the same quarter of 2024 [2][3] - Analysts had expected Alcoa to report an adjusted profit of $0.02 per share and revenue exceeding $3.1 billion, indicating a significant miss on both fronts [3] Group 2 - Alcoa highlighted that the Midwest premium on U.S. aluminum production helped mitigate the negative impacts of tariffs and other costs associated with aluminum imports, particularly benefiting from shipments from Canadian smelters to U.S. clients [4] - The resilience shown by Alcoa in navigating tariff challenges has positively influenced investor sentiment, although there is pressure for the company to return to adjusted profitability soon [5]

Market Sentiment - Bullish investors are favored in the market, as historical trends suggest they often prevail over bearish sentiments [1] - The market is viewed as a collection of companies rather than a random assortment of assets, emphasizing the importance of company fundamentals [1] Government Shutdown Impact - Concerns regarding the government shutdown's effect on the market are noted, but historical data indicates that shutdowns typically do not significantly impact market performance [1] - Despite the ongoing shutdown, stock averages managed to close positively, indicating resilience in the market [1] Economic Indicators - The upcoming release of the consumer price index is highlighted, with a suggestion for investors to remain calm even if the numbers are higher than expected [2] - Fears surrounding U.S.-China tensions may be exaggerated, as there appears to be a compromise despite negative rhetoric from political leaders [2] Earnings Season Insights - The initial weeks of the earnings season have alleviated some investor concerns, with many companies already accounting for tariffs in their financial reports [3] - Major financial institutions reporting low default rates on loans, despite fears stemming from regional banks revealing poor loan performance [3] Historical Market Performance - The Dow Jones Industrial Average has significantly increased from 1,000 to approximately 46,000 since the phrase "get out now" was first popularized, illustrating the long-term upward trend in the market [4]

General Motors and Stellantis will be forced to pay tariffs on some US-made vehicles exported to Canada after the companies decided to move some production out of factories in Ontario https://t.co/QNjIYb3LA6 ...

Market Overview - Stocks are climbing, primarily driven by a rebound in the tech sector and a jump in oil prices, with the Dow up about 170 points and the S&P 500 up approximately 0.7% [1][3] - The NASDAQ composite is up 1%, and small-cap stocks, represented by the Russell 2000, are up 1.5% [3][4] Sector Performance - Energy is leading the market today, with tech following closely behind, both sectors outperforming the S&P 500 [6][59] - Notable tech stocks include Nvidia, which is up 1.3%, and Tesla, which is up 2% [7][60] - The volatility index (VIX) has decreased, indicating reduced market fear [4] Oil Market Dynamics - Oil prices surged over 5% due to sanctions imposed on two Russian energy companies, with WTI settling above $61 per barrel and Brent above $65 per barrel [9][11] - Despite the recent increase, year-to-date, WTI is down 15% and Brent is down 13% [11] Earnings Reports - Intel reported third-quarter revenue of $13.7 billion, exceeding expectations, but provided a lower fourth-quarter guidance of $13.3 billion [64][65] - Ford's third-quarter results topped estimates, but the company adjusted its full-year guidance lower due to an aluminum plant fire impacting F-150 production, projecting a $1.5 to $2 billion EBIT headwind [83][84] Company Insights - Intel's CEO highlighted that AI is accelerating demand for compute, creating opportunities across their portfolio [66] - Ford plans to increase F-150 production by over 50,000 trucks in 2026 to meet demand despite production disruptions [86] Consumer Trends - Tractor Supply reported a 7% increase in comparable sales for Q3 but noted a decline in discretionary big-ticket items, reflecting current consumer spending challenges [36][39] - Windham Hotels slashed its full-year outlook and missed revenue estimates, indicating a pullback in travel demand [41][42] Geopolitical Considerations - The upcoming meeting between U.S. and Chinese leaders is being closely monitored, particularly regarding the Taiwan situation and its potential impact on the semiconductor ecosystem [30][31]

You had, as Sherry House was telling us earlier, you would have raised your full year guidance were it not for this aluminum plant novellas fire. How deep was the damage. Can you can you quantify that in terms of like F150 units or expedition and navigator units.How how hard did it hit you or will it hit you in the fourth quarter. Well, we're still working through it, Matt. Hi.Thanks for having me on the show. We're still working through it. It'll be, I'd say, around 100,000 units, but we still have the opp ...

Core Viewpoint - Brunswick reported a strong third quarter with nearly 8% sales growth across all business units, indicating a stable consumer demand in the boating industry [1][3][4]. Sales Performance - The third quarter sales showed a significant recovery from the second quarter, which was affected by tariff announcements and market fluctuations [3]. - All four reporting segments of Brunswick exceeded guidance and consensus for both top and bottom lines, reflecting a solid quarter and positive consumer trends [4]. Consumer Behavior - The demand for premium boats remains robust, while value boat purchases have also stabilized, suggesting a strengthening consumer base [3][4]. - Gas prices have historically been low, and only when prices exceed $5 per gallon does it impact boating behavior, primarily leading to reduced usage rather than abandonment of boating [8]. Tariff Impact - Brunswick's tariff exposure is estimated to be around $75 million, primarily due to tariffs on components imported from China, despite only 5% of their supply base being from China [5][6]. - The company is actively working to reduce its reliance on imported components by increasing domestic sourcing and vertical integration [6][10]. Competitive Position - As a predominantly domestic manufacturer with production facilities in 21 states, Brunswick is well-positioned to handle a long-term environment of persistent tariffs, especially compared to competitors facing higher import tariffs [10][11].

Financial Performance - Brunswick reported a nearly 8% increase in third-quarter sales across all business units [1] - All four reporting segments of Brunswick beat guidance and consensus on both top and bottom lines [4] Consumer Spending & Market Trends - Third-quarter sales have stabilized nicely [3] - Premium boat buyers are stronger than value boat buyers, but even value boat purchases have stabilized [3] - Gas prices are stable and historically low, not currently inhibiting boating [8] Tariff Impact & Mitigation - The full impact of tariffs on Brunswick's business is estimated to be around $75 million this year [5] - China-based tariffs are the primary driver, even though China represents less than 5% of the supply base, equating to roughly $150 million in exposure [6] - Brunswick is working to reduce tariff exposure by reducing content purchased from China, increasing domestic sourcing, and vertically integrating [6] Competitive Advantages - Brunswick is primarily a domestic manufacturer with production facilities in 21 US states, positioning it favorably in an environment of persistent tariffs [10] - Mercury Marine manufactures most of its engines in the US, giving it a competitive advantage over Japanese competitors facing 15% import tariffs [10][11]