>> GOOD MORNING, HAPPY WEDNESDAY. THESE ARE THE STORIES THAT SET YOUR AGENDA. THE DOLLAR EDGES HIGHER, TREASURIES TRIM RECENT GAINS.TWO RATE CUTS NEXT YEAR AND THE U.S. LABOR MARKET CONTINUING TO COOL. OIL REBOUND FROM ITS LOWEST LEVEL SINCE 2021 AFTER PRESIDENT TRUMP ORDERS A COMPLETE LOCATE OF SANCTIONED TANKERS GOING INTO AN OUT OF VENEZUELA. BLOOMBERG LEARNS THAT WARNER BROS.IS PREPARING TO REJECT PARAMOUNT'S HOSTILE BID AS THE U.S. PRESIDENTS SON-IN-LAW WITHDRAWS FROM THE TAKEOVER BATTLE. AFTER MIXED P ...

Core Viewpoint - The Trump administration is threatening retaliation against the European Union for efforts to tax American tech companies, which could escalate tensions between the US and EU [1][6]. Group 1: US Response to EU Taxation - The White House has identified companies such as Accenture Plc, Siemens AG, and Spotify Technology SA as potential targets for new restrictions or fees [3]. - The US Trade Representative (USTR) stated that if the EU continues to impose discriminatory measures against US service providers, the US will utilize all available tools to counter these actions [4]. - The USTR indicated that responsive measures could include fees or restrictions on foreign services, highlighting that several European companies have benefited from unrestricted access to the US market [5]. Group 2: Impact of EU Digital Tax Regulations - The EU's regulations on digital commerce are aimed at taxing US tech giants like Google, Meta, and Amazon, which critics argue could hinder technological innovation and unfairly seek to generate revenue [6]. - The USTR criticized the EU for ongoing discriminatory practices, including lawsuits, taxes, and fines against US service providers, which contribute significantly to the EU economy and job market [8]. - The US has expressed concerns regarding the EU's actions for years without receiving meaningful engagement or acknowledgment from EU officials [9]. Group 3: Broader Implications - The potential for a "revenge tax" on countries perceived as discriminatory was considered by Congress as part of Trump's tax cut legislation, indicating a broader strategy that could affect other nations like Australia and the UK [10].

We have the president also vowing on social media, vowing to place export curbs and tariffs on nations with digital service taxes on American tech companies. Brendan It would seem that Europe, in their tech regulation, they've always spoken about it in a way of sovereignty, that this is something deeply important to them. Is it likely that Europe might budge on this, much like Canada did when there were trade negotiations underway.It doesn't sound like it from the rhetoric out of Brussels that this has alwa ...

Market Trends & Geopolitics - US President Trump is threatening to impose tariffs in retaliation for other nations' digital taxes, alleging discrimination against American technology and favoring China [1] - Digital taxes are a point of contention, with Canada yielding but Europe holding firm [2] - US and China have not yet agreed to deals, but China hasn't given in to US tariffs [4] AI Industry & Investment - The AI rally will likely not be significantly impacted by tariff announcements due to ongoing negotiations and deal-making [3] - One source predicts AI could contribute 5% of GDP [3] - Despite a lack of current profitability, the AI sector is seeing significant investment from companies and countries [6] - Political factors are a key risk for major tech companies in the AI space [4] Company Specific Risks - Intel has 10% at stake, creating uncertainty about potential outcomes [5] - NVIDIA's performance and statements will be closely watched in relation to the public mood and impact on AI stocks [4] Market Dynamics - Markets have their own way of correcting through supply and demand, which cannot be ignored or stifled [5] - Adoption is increasing in the tech sector, suggesting long-term potential despite political and economic headwinds [6]

Stock Futures Rise After Canada Drops Digital Tax To Salvage U.S. Trade Deal https://t.co/RcAgMIhIlp ...

Market Trends - Stock futures rise following Canada's decision to drop digital tax [1] - Canada's action aims to salvage the U_S trade deal [1]