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WSJ Your Money Briefing

What’s News in Markets: Tariffs Whipsaw, Gap’s Bump, Target Prices

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 8 March 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

What made Target’s stock wobble and Gap’s surge? And how are automakers faring in the wake of Trump’s tariffs? Host Francesca Fontana 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

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0:32.6

Hey listeners, it's Saturday, March 8th. I'm Francesco Montana for the Wall Street Journal,

0:38.0

and this is What's News and Markets. Our look at the biggest stock moves of the week and the news

0:42.6

that drove them. Let's get to it. Trade, trade, trade. That was the big story in the stock market,

0:49.2

as investors and portfolio managers grappled with fears about U.S. economic performance amid a ton of policy uncertainty.

0:58.0

Don't worry if you missed the latest on all the rapid fire tariff updates this week.

1:02.0

I will run through those in a bit.

1:04.0

On a broader level, we've been seeing U.S. consumer confidence slipping on fears of rising prices,

1:10.0

which was a thread we saw in some of the

1:11.1

retail movers this week.

1:12.6

I'll come back to those in a minute too.

1:14.6

Then, of course, there was Thursday's big sell-off, with chip stocks in particular getting

1:19.3

hammered as investors searched through AI chipmaker's results looking for the next big thing,

1:24.6

the next NVIDIA, if you will.

1:26.6

And while the indexes managed to end Friday

1:29.1

in the black, they each notched losses for the week. The Dow fell more than 2%, the S&P lost more than 3%,

1:36.4

and the NASDAQ fell about 3.5%. First up, let's set our target on target, the Red Bullseye, the American retail giant.

1:47.8

This week, Target was the latest retailer to warn investors about the looming impacts of higher

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