Brought to you by:
Top stories today:
- S&P 500 futures -3% after Trump tariffs come in higher
- Genspark Super Agent debuts to take on Manus.ai, Deep Research
- Tesla Q1 sales -13%, worst since Q2 2022 amid backlash against Elon
- Nintendo Switch 2 debuts at $450, available Jun. 5
- Amazon said to make bid for TikTok U.S. buyout
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. S&P 500 futures -3% after Trump tariffs come in higher: China 34%, EU 20%
At least 10% tariffs on all exporters to the U.S., Trump announced on Wed.
Some 60 nations have received even higher duties.
Sat.: 10% baseline charge effective.
Apr. 9: the higher duties will come into effect.
Russia has been an exception to the move.
Apple led the drop in tech stocks after new tariffs announced.
Trumpās approval rating fell to 43%, the lowest since his return to office.
Key U.S. assets underperformed after the tariff announcement
U.S. 10-year treasury yields slumped to the lowest in more than 5 months
Join Veeam, the leader in Modern Data Protection, for VeeamON 2025 ā April 21ā23. Discover the latest in backup, recovery, and ransomware defense.
Why Attend?
In-person & virtual access
Expert-led sessions
Hands-on labs & demos
Networking with IT pros
Major product reveals
*Sponsored
Steel, aluminum, gold, and other metals are excluded from the āreciprocalā tariffs as U.S. relies on imports
Gold briefly surged 1.1% to $3,167.84/ounce record before dipping as much as 0.6%.
Oil prices took a hit after the tariff announcement and was off by 3%+
Dollar sentiment soured in options amid spot slump
2. Genspark Super Agent launches to take on Manus.ai, OpenAIās Deep Research
Available through Genspark.ai.
Can make reservations, convert videos into slides, and create Instagram Reels.
Analyze data, design websites, and send emails.
