Business Rundown: China's DeepSeek AI Spurs Tech Stock Spiral

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 27 January 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nervous investors are confronting a morning of sliding tech stocks after Chinese startup DeepSeek proved they could run a ChatGPT-style AI model for a fraction of the cost. Over the weekend, the Colombian president was fighting with the Trump administration over migrant deportation flights. President Trump then threatened to level 25 percent tariffs on them, and by Sunday night, Columbia had backed down and agreed to U.S. terms. FOX Business correspondent Gerri Willis speaks with Annex Wealth Management Chief Economist Brian Jacobsen about why DeepSeek’s AI causing turbulence in the market is actually a buying opportunity. Later, he explains why tariffs are going to be a key tool for President Trump’s administration. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:29.8	I'm Jerry Willis, and this is the Fox Business Rundown.
0:38.5	Monday, January 27th, 2025.
0:42.3	After facing the Trump administration's threat of 25% tariffs on all imported goods,
0:47.7	Colombia has backed down and agreed to U.S. terms to accept deported Colombian migrants being flown back. Trump's victory here suggests how tariffs
0:57.3	could become his favored negotiating tactic. I view it as an example of how President Trump can use
1:04.4	tariffs as a negotiating tool and use it for leverage. He's willing to do it. And I think that that's not something that
1:12.1	investors need to be afraid of. I think that it's something that could actually bring about
1:16.4	positive reform over the long term. Over the weekend, an international immigration dispute
1:21.8	was quickly handled by the Trump administration using our country's economic levers.
1:27.2	Colombian president, Gustavo Petro, had refused to allow several U.S. flights of deported migrants
1:33.3	to land in their country, saying they took issue with the use of military planes.
1:38.0	In response on Sunday, the White House said they would place a 25% retaliatory tariff on Colombian goods, which would increase
1:47.0	to 50% in a week. By Sunday night, Columbia had agreed to President Trump's terms, hinting this could be
1:53.9	the first of many tariff threats used on the world stage. But first, we'll touch on some trouble on
2:00.1	Wall Street. Tech stocks have been strong for
2:02.5	investors as late, but on Monday they were sent sinking after fears that a Chinese startup called
2:08.3	Deep Seek proved they could run a chat GPT-style AI model for a fraction of the cost of the big
	...

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