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WSJ Your Money Briefing

What’s News in Markets: Tariffs Hit Automakers, Lululemon’s Warning, Family Dollar Sale

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 29 March 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Why was Tesla not hit as hard by Trump’s new tariffs as GM, Toyota or BMW? And why did Lululemon’s results spook investors? Plus, how did investors react to Family Dollar leaving the Dollar Tree family? Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So, you want to be a marketer. It's easy. You just have to score a ton of leads and figure out a way to turn them all into customers. Plus manage a dozen channels, write a million blogs and launch 100 campaigns all at once. When that's done, simply make your socials go viral and bring in record profits. No sweat. Okay, fine. It's a lot of sweat. But with HubSpot's AI-powered marketing tools,

0:23.2

launching benchmark-breaking campaigns is easier than ever. Get started at HubSpot.com slash marketers.

0:32.6

Hey listeners, it's Saturday, March 29th. I'm Jack Pitcher for the Wall Street Journal. And this is

0:39.3

what's news and markets. Our look at the biggest stock moves of the week and the news that drove them.

0:44.7

Let's get to it. March Madness is here and not just on the basketball court. Investors had to

0:51.1

confront two of their toughest opponents this week, tariffs and inflation.

0:56.0

On Wednesday, President Trump said he would impose 25% tariffs on all vehicles imported to the U.S.

1:02.0

beginning on April 3rd. That's Thursday of the coming week.

1:05.0

And Trump is expected to unveil more trade actions next week, too.

1:09.0

Stocks gave up earlier gains and car makers got hit

1:12.1

especially hard. Then on Friday, trading turned ugly. New inflation data for February came in

1:18.6

slightly higher than forecast, adding to fears that tariffs could stoke inflation and slow the economy

1:24.0

at the same time. Consumer sentiment also soured, a bad sign for consumer spending.

1:29.9

All three major indexes were heading for weekly gains before Friday's trading wiped them out.

1:35.6

For the week, the S&P 500 dropped 1.5%, the Dow fell 1%, and the NASDAQ tumbled 2.6%. First up, let's talk about the automakers.

1:50.3

Tarifories have already taken their toll on shares.

1:53.4

Even so, some of the biggest U.S. car companies took the latest announcement on the chin this week.

1:58.7

That's because the impact will be broad.

2:02.8

S&P Global Mobility data says nearly half of new passenger vehicles sold in the U.S. last year were assembled outside

2:07.6

the country. Wedbush securities analysts called the tariffs a, quote, hurricane-like headwind

2:13.2

to foreign and many U.S. automakers, unquote. And that could push up the average price of a car sold in

2:19.1

the U.S. by as much as $10,000. General Motors shares have dropped 8% since the tariffs were announced.

...

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