Ryan Dezember
Appearances
WSJ What’s News
U.S. Stocks Soar as President Trump Pauses Some Tariffs
Wall Street's sort of still figuring it out. A lot of analysts and investors seem to be operating under the impression that the 10% tariffs blanket are still on. Tariffs on specific items and sectors like autos and steel are still on. But that those big... 50% and 40% on every country you can think of, that those are on pause.
WSJ What’s News
U.S. Stocks Soar as President Trump Pauses Some Tariffs
And really, the market, what we're seeing is it seems to be celebrating the fact that there's maybe a pain threshold or a willingness to back down on some of these, to negotiate. Of course, this still leaves a huge escalation in the trade war with China. And that, while sort of lost maybe in the rejoice of the concessions and the pause that Trump has made this afternoon,
WSJ What’s News
U.S. Stocks Soar as President Trump Pauses Some Tariffs
That's still to come and to play out. And I would expect that we're going to see a lot of businesses hurt by this. Next month's jobs report is going to be really enlightening in terms of small businesses and importers and how they're faring and whether they're able to keep their staffing at such a high level as it's been for a few years.
WSJ What’s News
U.S. Stocks Soar as President Trump Pauses Some Tariffs
The market, once we get past this sort of overall celebration, will start to look at individual companies and parse the winners and losers. They'll start to see which companies can't do without China.
WSJ What’s News
U.S. Stocks Soar as President Trump Pauses Some Tariffs
while sort of lost maybe in the rejoice of the concessions and the pause that Trump has made this afternoon, that's still to come and to play out. And we're going to see a lot of businesses hurt by this.
WSJ What’s News
Markets Plummet as Concerns Around U.S. Recession Grow
Well, this has been discussed by the exchange operator and traders for a long time as the south has become the sort of top lumber producing region in the continent. And why now? The price of the lumber that's coming from Canada, northern species, the price has risen pretty dramatically and separated from the price of southern yellow pine. It's like 50, 60 percent higher now.
WSJ What’s News
Markets Plummet as Concerns Around U.S. Recession Grow
And a lot of that is being driven by the duties that are existing on Canadian wood that is shipped into the U.S. And, of course, Trump's tariffs, which he said he's going to put 25 percent on top of those existing duties.
WSJ What’s News
Markets Plummet as Concerns Around U.S. Recession Grow
This would give them something to hedge production, like a corn farmer might buy corn futures to lock in prices, and a food company might trade futures to protect their prices of the corn that they're buying. Same thing for lumber.
WSJ What’s News
Markets Plummet as Concerns Around U.S. Recession Grow
And this would give them a tool to do that that's a lot more relevant to what they're doing than the existing lumber futures, which is a contract that's fulfilled by northern species of wood, predominantly from Canada.