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The Fox News Rundown

Business Rundown: "Cooler Heads" That Prevailed In The Market

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.41.5K Ratings

🗓️ 5 May 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

Last week, the markets saw 9 straight days of gains, with the S&P 500 hitting its longest winning streak in two decades—all good news for investors who didn’t flee the markets in the face of tariff fears. FOX Business co-anchor of The Big Money Show Taylor Riggs speaks with Slatestone Wealth Chief Market Strategist Kenny Polcari about the “cooler heads” that invested despite uncertainty, the ongoing trade negotiations, and Warren Buffett stepping down from Berkshire Hathaway. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Last year, Amazon was the world's largest corporate buyer of renewable energy.

0:07.0

Seeing all and more of our energy come from wind farms like this one.

0:14.0

Guys, what happened to recording at the solar farms?

0:18.0

To learn more, visit about amazon.com. recording that the solar farm.

0:27.1

To learn more, visit about Amazon.com at UK forward slash sustainability.

0:33.5

I'm Taylor Riggs and this is the Fox Business Rundown. Monday, May 5th, 2025. Last week, the market saw nine straight days of gains,

0:44.2

with the S&P 500 hitting its longest winning streak in two decades. This spells good news

0:49.5

for investors who didn't blink in the face of tariff fears. People are not necessarily as panicked as they were, you know, on liberation day,

0:58.0

and so therefore cooler heads prevailed and look what happens.

1:01.0

The jobs report last week painted a picture of a resilient U.S. economy

1:05.0

with better than expected numbers on job growth and unemployment.

1:08.0

The president and his economic team took this reading as a good sign,

1:13.1

as many economic pundits had been anticipating a cooling labor market

1:17.6

as a consequence of the Trump administration's tariffs.

1:21.1

The president over the weekend reiterated his commitment to negotiating these trade deals,

1:26.1

telling the press that the U.S. has a list of meetings

1:28.5

with multiple trade partners to talk deals. According to President Trump, that list includes

1:34.2

talks with China, which the president says is his main priority. Still without a finalized deal,

1:40.8

the administration is doubling down on their tariff strategy, calling for a 100%

1:46.3

tariff on films produced overseas. The president explained that this was coming in response to

1:52.2

foreign tax incentives that have drawn so many Hollywood productions to shoot outside the United

1:57.5

States. This movie tariff concept will present unique challenges for the administration in determining

...

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