Stocks Sink As Trump Halts China Chip Sales
May 28, 2025•10 min•Ep. 253
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Episode description
MRKT Matrix - Wednesday, May 28th
- Dow closes more than 200 points lower Wednesday ahead of Nvidia earnings (CNBC)
- Trump orders US chip designers to stop selling to China (FT)
- Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show (CNBC)
- Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling (Bloomberg)
- Japan Bonds Draw Weak Demand as Rise in Superlong Yields Sparks Concern (WSJ)
- Trump Bristles at ‘TACO Trade’ That Bets On Him Backing Down (Bloomberg)
- Musk Says He’s ‘Disappointed’ That Trump Tax Bill Raises Deficit (Bloomberg)
- GM Invests in V-8 Engines as It Backpedals on EVs (WSJ)
- Luxury Brands Are Paying for Over-the-Top Price Hikes (WSJ
- Dick’s Sporting Goods stands by full-year guidance - even with tariff looming (CNBC)
- Macy’s cuts profit outlook as tariffs, promotions hit its business (CNBC)
- Abercrombie & Fitch soars more than 15% even as retailer slashes profit outlook due to tariffs (CNBC)
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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets
Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs
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