Good morning. If you have never met Jensen Huang, CEO of Nvidia, never compare him to Elon Musk. Huang biographer learned that the hard path.
In today’s big history, the prices of American president Donald Trump entered into force – we are examining When you can expect prices to increaseAnd how serious they can be.
What’s on deck
Markets: Why the investor “The Big Short” Steve Eisman thinks that the United States would win In a world trade war.
Technology: How the Rage base at Elon Musk Snow Boule after global protests.
Business: Zillow may no longer find the house of your dreams, Thank you to the new rules.
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The great story
The cost of prices
The author (no photo) began to use coupons in 2020 to save money for his family. D3SIGN / Getty images
$ 1,549 for an iPhone.
After the last series of Trump prices – which has entered into force today – UBS investment director said the iPhone 16 Pro Max with 256 GB Probably see a price increase of $ 350.
The total price of the White House for China is now 104%. Bi spoke to seven analysts of Consumer prices increase And have found that they expect costs to increase by around 30% to 50%.
It’s not just Apple either. A multitude of companies have talked about the rise in prices due to Trump prices, including Walmart and Target – Bi has a race list here.
The prices of everything, pantry staples such as coffee and sugar to larger purchases such as cars and household appliances should increase. A Yale economist said the cost for the average household could be $ 3,800 this year.
The “shark tank” investor Mark Cuban suggested that Americans are starting to store goods Before prices increase::
“From soap toothpaste, everything you can find for storage space, buy before they reconstruct the inventory,” Cuban wrote.
So should you take the essential advice and elements of Cuban?
Some Americans are. Bi has spoken with people who say they buy makeup, care articles, pet food, spices, meat … The list continues.
Prices may not increase immediately. Companies can think twice before transmitting the cost for consumers. Take Apple: Price increase could give competitors like Samsung – who are less affected by prices – a competitive advantage, said analyst Thomas Monteiro.
That said, if you know that you will soon need a new iPhone, it’s not a bad idea to act now, writes Ana Altchek.
3 things on the markets
Steve Eisman. Hector Retamal / AFP via Getty Images
1. “The Grand Court” investor is optimistic about Trump and the trade war. Steve Eisman thinks that the United States would win if tariff climbing is transformed into a complete trade war. He is also confident, President Trump could get everything he wants for negotiations “If the reasonable heads prevail. “”
2. To buy – or not to buy – the drop. There could be a glow of hope for investors suffering from the sale of the brutal market. History suggests that actions could very well get rid of these losses, and the chief strategist of the Truist market agrees: “Now is not the time to sell in panic. “”
3. History course on an imminent lower market. The S&P 500 briefly entered the bear market territory on Monday in the midst of a three -day skid launched by Trump’s prices. Goldman Sachs’ strategists argue that the market is now flirting with a lowering market motivated by events. Here’s what to expect If the stock market between decisively.
3 things in technology
The demonstrators gather against the CEO of Tesla, Elon Musk, in front of a Tesla store in San Francisco. Noah Shepherd / AP Photo
1. Rage against the machine (Elon Musk). Tesla’s demonstrations began to germinate in February and at the end of March, they had reached more than 250 cities and 13 countries. Here’s how The anti-TESLA impulse has evolved.
2. Providential investors shake Silicon Valley. There is a strong correlation between the growing number of women in the providential investor markets and more women entrepreneurs receiving providential investment capital. It could be the best way for them to take Club boys billionaire of technology.
3. Microsoft Middle Managers, beware. The technology giant envisages Another series of job cuts This could happen in May, reports Bi exclusively. This time, it’s Not just losing low performance. The leaders of certain teams discuss the ousted intermediary executives, said people familiar with the issue of BI.
3 things in business
Tyler le / bi
1. Zillow’s golden age is coming to an end. Thanks to the new rules for real estate agents, sites like Zillow and Redfin are about to lose many announcements. Your Dream Home It could be for sale – but you may never see it.
2. The main donors of Trump see their courses of shares plunge. The CEOs billionaires of technological and financial companies have escaped donations from President Trump. Now they look at the actions of their companies dive after their pricing announcement. Here is how much they lost in value.
3. Trump threatened TSMC with a “large tax”. The president said on Tuesday that he had slapped Taiwan Chipmaker with a tax up to 100% If he has not built his plants in America. TSMC had already announced in March that it will invest $ 100 billion to build five new flea factories in the United States.
In other news
What’s going on today
- Minutes of the Federal Open Market Committee published.
- Delta Airlines reports the Q1 gains.
- The secretary of the Treasury Scott Bessent gives an opening speech at the top of the ABA in Washington, DC.
Today’s initiate team: Dan Defrancesco, editor -in -chief and anchor, in New York (on parental leave). Hallam Bullock, editor -in -chief, in London. Nathan Rennolds, publisher, in London. Grace Lett, publisher, in Chicago. Amanda Yen, assistant editor, in New York. Lisa Ryan, editor -in -chief, in New York. Ella Hopkins, assistant editor, in London. Elizabeth Casolo, stock market, in Chicago.
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