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WSJ Minute Briefing

Nike, Lululemon Shares Jump After Trump Touts Vietnam Trade Deal

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6631 Ratings

🗓️ 2 July 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Centene shares tumble after the healthcare company says its earnings will fall short of expectations. Modelo brewer Constellation Brands expects President Trump’s new tariffs to increase its costs by $20 million this fiscal year. Ariana Aspuru hosts. Sign up for the WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:34.3

Here's your closing bell brief for Wednesday, July 2nd. I'm Mariana Aspuru for the Wall Street Journal.

0:40.6

U.S. stocks were mixed today, but the SMP and NASDAQ reached fresh records. The Dow Jones Industrial

0:46.9

average dropped 10.5 points to close at 44,484. The SMP 500 was up 29 points, and the NASDAQ advanced 190 points. As President Trump's

0:59.0

tax and spending bill returned to the House after squeaking through the Senate, investors are

1:03.7

keeping an eye on how the budget bill would affect government deficits. Among individual companies,

1:10.1

shares of the health care company, Centine, tumbled 40% after it said

1:14.3

earnings will fall well short of expectations. It also withdrew financial guidance for 2025.

1:21.3

Nike and Lulu Lemon Athletica saw their shares jump after President Trump said he reached a trade deal with Vietnam,

1:27.8

where both companies have bet big on producing goods.

1:31.1

Nike stock ended up more than 4% and Lulu Lemon added half a percent.

1:36.0

And Constellation Brands, the brewer of Modelo, said it expects Trump's new tariffs to increase costs by $20 million this fiscal year,

1:44.1

and it reported a 6%

1:45.9

drop in sales in the last quarter. But it cited, quote, non-structural socioeconomic factors

1:51.8

behind the sales drop. Shares ended up 4.5%. We'll have a lot more coverage of the day's

1:57.5

news on the WSJ's What's News podcast. You can add it to your playlist on your

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