In this episode, Scott Becker breaks down five major stories shaping the markets today.
Chapter 1: What stories are shaping the markets today?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're going to quickly walk through three stories that we're following today, and thank you for listening to the Becker Private Equity and Business Podcast.
Chapter 2: What are the implications of President Trump's tariffs?
First, the first story we're going to talk about today is, of course, the tariffs from President Trump on China and Mexico and Canada, 25% on tariffs on Mexico and Canada, and Now, I'm not a particular big fan of tariffs, but I'm trying to understand why the White House is so excited about them.
Chapter 3: How do tariffs affect inflation and the market?
As much as I could study it further, try to understand it, try to mute the impacts of a long time ago of NAFTA and the concept that we're shipping or doing a lot of our manufacturing in other countries that he'd prefer to do here. And that pleases his swing state audience in manufacturing hubs and so forth. It is almost a certainty that tariffs will be inflationary. But the markets do hate them.
Chapter 4: Why are markets reacting negatively to tariffs?
And the markets were down yesterday on the imposition of these by about 1.7 percent. They're down today about 1.5 percent. The markets truly hate the tariffs. And we'll see how it goes. I am trying to understand where President Trump is so excited about them. And part of it is you do hear anecdotal stories about manufacturers coming back to the U.S.
So that's a positive, but a lot of challenges, a lot of negatives as well. The second thing we're talking about today is fake foods are getting hammered. Beyond Meat and Oatly each are getting crushed. Beyond Meat is down 70% over the last year. Oatly is down 60% over the last year and dropped 16% yesterday. So fake foods getting hammered. Third thing is fake cars are also taking to the chin.
Tesla, Lucid, and Rivian are all falling. Tesla and Lucid are down about 30% year-to-date so far. Fourth, NVIDIA dropped about 9% yesterday. It's fallen to third in market cap. This now leaves Apple as the only company that's a $3 trillion-plus market cap company. So that's NVIDIA. Fifth story we're following today is SoundHound. SoundHound nearly dropped 10% yesterday.
It's down about 40%, 48% year to date. I want to thank you to Dr. Lee David Mulligan for correcting me on that actual number. Thank you so much. Again, those are five stories we're following today. Tariffs, fake foods, fake cars. And I joke that they're fake cars, that the EVs are fake cars. NVIDIA and SoundTown, that's what's going on with that.
Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very much.
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