Stock Market Loses $6 Trillion in Two Days & Minecraft Movie Scores Big

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 7 April 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 555: Neal and Toby continue to breakdown the fallout from Trump’s major tariff announcement last week and how businesses all over are managing. Then, oil prices take a plunge and what it means for consumers. Also, Billionaires suffer massive losses from the market rout. Meanwhile, the Minecraft movie provides a much-needed sigh of relief for Hollywood. Plus, Mega Millions is increasing its ticket prices even more in hopes to balloon its jackpot. Finally, what to expect in the week ahead. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Checkout TaxAct for more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - What is a circuit breaker? 2:30 - Markets Have Historic Two Days 7:00 - Businesses Feel Tariff Impacts 10:45 - Oil Prices Plunge 12:30 - Billionaires Lose Their Bag 15:30 - Minecraft Movie Wows 18:40 - Mega Million change-up 20:00 - Week Ahead Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Want to hear successful product leaders share their secrets for driving software innovation?
0:04.3	Check out the AWS for software companies podcast.
0:07.4	Through firsthand accounts and insights from some of the most well-respected product leaders in the industry,
0:12.2	you'll learn about techniques that can get you to market faster.
0:15.2	Guests also discuss major obstacles like cybersecurity and generative AI,
0:19.6	sharing advice on how they've overcome them.
0:21.8	For strategic guidance on innovation, optimization, and growth, listen and follow the
0:26.3	AWS for software companies podcast.
0:31.2	Good morning, Brue Daily Show. I'm Neil Fryman. And I'm Toby Howell. Today, stock futures
0:36.1	are way down again as the U.S.'s global tariffs spark a market meltdown.
0:40.8	Then a Minecraft movie put the industry on its back this weekend with a remarkable box office debut.
0:47.0	It's Monday, April 7th.
0:48.8	Let's ride.
0:53.4	Well, we hope you had a relaxing weekend because it's looking like today will be worse than a Monday after the Super Bowl.
0:59.7	And we didn't even get the Super Bowl yesterday.
1:02.4	Asian and European stock markets plunged overnight over fears the trade war will crush the global economy.
1:08.7	Toby, what's the latest?
1:09.8	Well, Neil, have you ever heard of a circuit
1:12.3	breaker? But seriously, circuit breakers have levels that end up getting triggered when markets go
1:16.9	down by a certain amount. For the S&P 500, trading would be halted after a 7% drop or a 13%
1:23.8	drop. And if the worldwide market performance while while you're sleeping, is any indication,
1:28.6	a lot of those levels are going to be tested today. Hong Kong's Hangseng market is down 13%.
	...

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