US Tariffs Start Today & Euro Defense Stocks Take Off

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 4 March 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 531: Neal and Toby talk about the arrival of Trump’s sweeping 25% tariffs on Mexico, Canada, and China that, many analysts believe, could cause prices to soar, especially cars. Then, the public rift between President Trump and Ukraine’s President Zelensky has caused an upswing of European defense stocks as the continent prepares for the worst. Also, chip maker TSMC announces a $100 billion investment on US plants to avoid tariffs. Meanwhile, Toby shares the trend of stuffed pizza crusts. Finally, a rundown of the headlines you need to know. 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. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow There are risks involved with investing in ETFs, including possible loss of money. ETFs are subject to risks similar to those of stocks. Investments focus in a particular sector, such as technology, are subject to greater risks and are more greatly impacted by market volatility, than more diversified investments. The Nasdaq-100 Index® includes the 100 largest non-financial companies listed on the Nasdaq. An investment cannot be made directly into an index. Invesco is not affiliated with TikTok or YouTube. Invesco Distributors, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's smart to always have a few financial goals.
0:03.1	And a really smart one you can set?
0:04.8	Earning cash back on what you buy every day.
0:07.3	And with Discover, you can.
0:08.9	Get this.
0:09.8	Discover automatically matches all the cash back you've earned at the end of your first year.
0:14.4	Seriously, all of it.
0:15.7	And we trust you to make smart decisions.
0:17.7	After all, you listen to this show.
0:19.7	See terms at discover.com slash credit card.
0:24.0	Good morning, Brew Daily show. I'm Neil Fryman. And I'm Toby Howell. Today, tariffs on Mexico,
0:30.1	Canada, and China have gone into effect sending shockwaves through global trade. Then, turns out that
0:36.2	the biggest Trump trade of them all
0:38.3	was European defense stocks.
0:40.4	It's Tuesday, March 4th.
0:42.2	Let's ride.
0:47.3	If you watch the Oscars Sunday night,
0:49.1	you saw Adrian Brody give a really long speech
0:52.4	after winning Best Actor for his role in The Brutalist,
0:55.2	you may not have known you were also watching history.
0:58.5	Clocking in at 5 minutes and 40 seconds, it was the longest acceptance speech in Oscar's
1:04.0	history, topping the previous record Greer Garson set in 1943 by 10 whole seconds.
	...

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