US stock contracts decrease sharply after the clues have dropped on the announcements of President Donald Trump’s prices; China retaliated with a price of 34% on American imports; Employment growth is noted having slightly slowed down today’s March work report; Intel (Intc) and Taiwan semiconductor manufacturing co. (TSM) would have temporarily agreed to form a joint venture to manage the foundry activity of the American company; And Capital One Financial (COF) proposed an acquisition of $ 35 billion in Discover Financial Services (DFS) would not be disputed for antitrust reasons by the DoJ. Here is what investors should know today.
US stock contracts are highly lower after global markets have dropped in reaction to President Donald Trump’s extensive tariffs and China announced reprisals on American imports on Friday. The Nasdaq’s term contracts are almost 4% lower after the technological index dropped by 6% in the previous session. S&P 500 and Dow Jones Industrial Futures Industrialists are each down approximately 3.5% after also diving yesterday. Yields on the Treasury Treasury to decrease, negotiating about 3.9%. Oil term contracts are sharply decreasing and Bitcoin (BTCUSD) is negotiated about $ 82,000. Golden futures are increasing.
Friday, China announced that it would impose prices of 34% on American imports from April 10 in retaliation for the people implemented by the White House, according to the manager Xinhua press agency. Meanwhile, President Donald Trump defended his pricing proposals, saying that he was open to negotiations and had discussions with other nations on the radical import taxes he announced on Wednesday, according to Bloomberg. Trump suggested that China could see lower rates if Beijing approves the sale of the Tiktok social media application, which faces a deadline on Saturday for an American ban, according to the report.
The American labor market should have slowed down slightly in March when the monthly employment report is published at 8:30 am he. US employers should have added 140,000 jobs during the month, against 151,000 in February, according to a Dow Jones Newswires And The Wall Street Journal survey of economists. The unemployment rate should remain at 4.1%. The data occurs one day after a report indicated that layoffs soar on the federal reductions in the workforce.
Intel (Intc) and Taiwan Semiconductor Manufacturing Co. (TSM) have temporarily agreed to form a joint venture that would manage the foundry activity of the American company, according to a report Information. TSMC, the largest flea manufacturer in the world, would hold a 20% participation in the combined company, according to the report. Intel’s actions fell in 2024 while the flea manufacturer struggled to follow his competitors on artificial intelligence (AI), but the action increased by 12% this year until Thursday after appointing a new CEO. Intel shares and TSMC shares listed in the United States are significantly lower in prior exchanges before the sale in the larger sale of the market.
The Ministry of Justice does not plan to block Capital One Financial (COF) plans to buy discover Financial Services (DFS) after its examination has not raised enough concerns about competition, according to a report The New York Times. The news removes a potential obstacle for the proposed merger of $ 35 billion of two of the largest credit card companies in the United States. The Federal Reserve or the Office of the Currency Controller (OCS) could still block the agreement, although they are generally considered less likely to act, the Times said. The actions of the two companies were lower in pre-commercial exchanges in the midst of wider market cuts.
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