Becker Private Equity & Business Podcast
7 Stories We Are Following This Morning 2-4-25
Tue, 04 Feb 2025
In this episode, Scott Becker covers seven key business stories, including China’s tariff response, Palantir’s stock surge, Ferrari’s continued success, and NVIDIA’s market struggles.
Chapter 1: What are the key business stories covered today?
This is Scott Becker with the Becker Private Equity Business Podcast. We're thrilled to be with you today. We try each day to make sure we're learning something, you're learning something, that we're entertained as well. We're going to quickly go through seven of the business stories that were followed today. First, China responding with tariffs as well in response to the U.S. tariffs on China.
Chapter 2: How is China responding to U.S. tariffs?
Again, I wouldn't make too much of this. It seems like President Trump is pretty actively involved in the discussion with China, Canada, Mexico and everybody else, as I wouldn't overreact to these different movements. It's hard not to, I know, but the markets seem to be sitting in the same thing. The markets are up, rebounding somewhat today after a down day yesterday. So God bless that.
Chapter 3: What is Palantir Technologies' recent stock performance?
Chapter 4: How is Ferrari performing in the market?
Second, Palantir Technologies knocking out of the park. Peter Thiel remains just a genius. Their stock's up about 26% today. We'll see if that holds. Third, Ferrari, the car company, keeps on rocking and rolling. They're up about 8% today. I guess one of the great questions is, would you rather have a Ferrari or Lamborghini?
Both these luxury upscale brands are sort of a way of showing off that you've made it, or at least if you haven't made it, pretending to make it, so it is what it is. Fourth, Spotify is also up about 10% today, increased profitability and doing great. Fifth, Merck. The Drugmaker is down 11% today. We'll have a separate podcast on what's going on with Merck, but that's fascinating to watch.
Sixth, NVIDIA is down 13% year-to-date, and we'll see if they start to bounce back. Palantir has widely panned this DeepSeek thing. Hopefully, that'll help NVIDIA as well. Finally, seventh, Tempest AI, the latest miracle company from Eric Levkowski who found a Groupon or
owned Groupon and just made a fortune, a rich guy in Illinois, is up again several percent today and keeps on rocking and rolling. Those are seven of the stories we're following today. Another story we're following in the private equity world, KKR is down about 7% today, and we'll follow that pretty closely as well.
Thank you for listening to the Becker Private Equity and Business Podcast, fasting day in the business news cycle. Thank you for listening.
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