Business Rundown: NVIDIA Soars & China Trade Tensions Flare

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 30 May 2025

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Back-to-back court decisions resulted in uncertainty ahead of the Trump tariffs. As trade negotiations reportedly stall, the President, on social media Friday morning, called out China for "totally violating" our trade agreement. A bright spot this week in the market has been NVIDIA, whose stock soared off reports its earnings beat expectations, showing immense growth potential. FOX Business anchor Taylor Riggs is joined by Slatestone Wealth chief market strategist Kenny Polcari to break it all down. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:29.8	I'm Taylor Riggs, and this is the Fox Business Rundown.
0:40.6	Friday, May 30th, 2025.
0:46.2	After a decision this week from the U.S. Court of International Trade to block much of President Trump's Liberation Day tariffs, the market celebrated.
0:50.3	But a Thursday appeal ruling now says those tariffs can stay until they settle this in court,
0:57.4	painting some uncertainty ahead for investors and Americans alike.
1:01.6	I don't think you should just have this three-judge panel on Manhattan trying to direct trade
1:06.3	policy of the United States. When did we elect those three judges to try to create trade policy, United States?
1:11.9	Many investors are trying to decipher what these back-to-back court decisions mean for the market.
1:17.2	Initially, markets saw modest gains following the news.
1:20.8	Invidious Thursday's earnings report as well certainly helped bring the S&P 500 higher
1:25.3	as the chipmaker announced that they beat on the first quarter
1:28.0	revenue. While the news was mostly positive, CEO Jensen Wong warned investors that tariffs
	...

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