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🗓️ 12 July 2025
⏱️ 5 minutes
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0:00.0 | Hey, listeners, your money briefing is on a break, but we'll be back with more personal finance information for you in the future. |
0:06.9 | Until then, here's the news moving markets this week. |
0:11.2 | Hey, listeners, it's Saturday, July 12th. |
0:14.6 | I'm Francesca Fontana for the Wall Street Journal, and this is What's News in Markets, |
0:18.8 | our look at the biggest stock moves of the week |
0:21.1 | and the news that drove them. Let's get to it. Maybe one day I won't sound like such a broken |
0:27.9 | record, but once again, the big story of the stock market this week was trade, trade, trade. |
0:33.5 | I'm going to stick to a couple of the highlights. So first off, President Trump's announcement of tariffs on global copper imports sent the |
0:40.9 | metals futures rising, and with them, shares of mining companies like Freeport McMorrin, |
0:46.8 | which gained 2.5% on Tuesday. |
0:49.7 | And the stock rose roughly 3.5% on Thursday the day after Trump reiterated his plans |
0:55.6 | for the U.S. to start collecting the tax on August 1st. |
0:59.2 | There's also the Brazilian tariff news, 50%, also starting next month. |
1:04.4 | And this sent a BlackRock ETF that tracks an index of Brazilian stocks falling. |
1:09.6 | U.S. traded shares of Jetmaker and Breyer dropped more than |
1:12.8 | 4% on Thursday. And most relevant to my caffeine-fueled lifestyle, Arabica Coffee Futures rose 1.3%. |
1:20.7 | All in all, the three major indexes each fell on the week. The Dow lost 1%, the S&P 500 lost 0.3%, and the NASDAQ edged 0.1% lower. |
1:32.3 | The beef between Trump and billionaire Elon Musk is still going strong, |
1:37.3 | and still moving shares of Musk's electric car maker, Tesla. |
1:42.3 | On Monday, traders reacted to the latest in their feud. Over the weekend, |
1:47.3 | Musk posted on his platform X, formerly Twitter, that he's creating a new political party, |
1:53.6 | the America Party. Trump called that ridiculous. These guys have been trading barbs for a while now, |
... |
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