Nippon Steel rethinks US Steel deal
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 10 February 2025
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning! It is so good to have you with us today on this Eagles Monday, February 10th. |
| 0:14.0 | I'm Julie Morgan. Nippon Steel is considering changing its offer for U.S. Steel. |
| 0:20.0 | TSM is updating its Q1 Out, and Boeing is laying off workers in one program. |
| 0:27.5 | Nippon Steel is considering a bold change in plans from its previous approach of seeking to buy U.S. steel. |
| 0:34.3 | According to Reuters, Japan's cabinet secretary said Monday that the revision would |
| 0:39.6 | create a win-win situation for both Japan and the U.S. through significant investments and the |
| 0:46.4 | production of high-quality products sought by the U.S. and global markets. President Trump said on |
| 0:52.5 | Friday that Nippon Steel's buyout attempt of U.S. steel |
| 0:56.1 | would take the form of an investment instead of a purchase, although the Japanese steelmaker |
| 1:01.4 | reportedly has not yet withdrawn its bid. The president also said on Sunday that no one can take a |
| 1:08.1 | majority holding in U.S. steel and that the U.S. will impose 25% tariffs |
| 1:13.8 | on all steel and aluminum imports on top of existing duties, with specifics to be announced |
| 1:20.6 | today. U.S. steel is up 7% in pre-market action after falling nearly 6% on Friday. |
| 1:29.1 | Taiwan Semiconductor Manufacturing said it expects revenue for Q1 2025 to be closer to the lower end of the guidance range of $25 and $25.8 billion, due to the earthquake that occurred in January. The chip maker estimates losses |
| 1:46.4 | from the earthquake to be about $161 million after insurance claims. The company maintains a Q1 |
| 1:53.8 | gross profit margin between 57 and 59 percent and in operating profit margin between 46 and5 and 48.5%. TSM said that it is working to |
| 2:06.8 | recover the lost production and there is no change to his full year outlook. The company said in a |
| 2:12.7 | statement that a certain number of wafers and process were impacted and had to be scrapped due to the earthquake |
| 2:18.8 | and aftershocks. They added that there was no structural damage. The chipmaker reported |
| 2:24.6 | consolidated January net revenue rose 5.4% from the previous month, climbing 35.9% year over year. Boeing over the weekend said it was cutting staff in its |
| 2:38.3 | space launch system that is part of NASA's Artemis program to bring humans back to the moon |
... |
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