Francesca Fontana

Hey Listeners, it's Saturday, May 31st. I'm Francesca Fontana for the Wall Street Journal and this is What's News in Markets. Our look at the biggest stock moves of the week and the news that drove them. Let's get to it. You guys know, I usually do a play-by-play of the week, right? I go day by day, give you the biggest stock moving news in the order that we got it.

But this week, I think the big question is, where are we with tariffs right now? Sind sie fertig? Sind sie zurück? Sind sie wirklich weg? Also, wo sind wir mit Tariffs? Well, they're still in place. For now. But if you can imagine a cloud hanging over them right now, and that cloud's name is legal limbo. First, the U.S.

But this week, I think the big question is, where are we with tariffs right now? Sind sie fertig? Sind sie zurück? Sind sie wirklich weg? Also, wo sind wir mit Tariffs? Well, they're still in place. For now. But if you can imagine a cloud hanging over them right now, and that cloud's name is legal limbo. First, the U.S.

Court of International Trade invalidated nearly all of President Trump's tariffs. Then, a federal appeals court allowed them to stay in effect. Now, that's not going to be the end of this saga, and it's certainly not the end of the trade war or our collective whiplash. Natürlich gibt es auch andere Geräusche. Trump verurteilt China, dass es mit den USA zu tun hat, usw.

Court of International Trade invalidated nearly all of President Trump's tariffs. Then, a federal appeals court allowed them to stay in effect. Now, that's not going to be the end of this saga, and it's certainly not the end of the trade war or our collective whiplash. Natürlich gibt es auch andere Geräusche. Trump verurteilt China, dass es mit den USA zu tun hat, usw.

Aber das ist das lange und das kurze davon. Die Tarife sind immer noch da. Die Firmen rippen nicht ihre gewünschte Regulierung auf oder schlagen ihre Pläne, um die Kosten der Tarife zu vermeiden. Und wir sind alle nur einen Fuß vor dem anderen. Was tun die Indexe? Nun, alle drei endeten die Woche höher und haben die Monatserhöhungen genutzt. The Dow ended May with a gain of 3.9%.

Aber das ist das lange und das kurze davon. Die Tarife sind immer noch da. Die Firmen rippen nicht ihre gewünschte Regulierung auf oder schlagen ihre Pläne, um die Kosten der Tarife zu vermeiden. Und wir sind alle nur einen Fuß vor dem anderen. Was tun die Indexe? Nun, alle drei endeten die Woche höher und haben die Monatserhöhungen genutzt. The Dow ended May with a gain of 3.9%.

The S&P 500 rose about 6.2%. And the Nasdaq jumped more than 9%. Alright, first up, Timu. Or is it Temu? You know, I thought I had it down after the Super Bowl commercial with the song, but I've forgotten. So my wonderful producers have helped me nail it down. It's Temu. Anyway.

The S&P 500 rose about 6.2%. And the Nasdaq jumped more than 9%. Alright, first up, Timu. Or is it Temu? You know, I thought I had it down after the Super Bowl commercial with the song, but I've forgotten. So my wonderful producers have helped me nail it down. It's Temu. Anyway.

Temu, der berühmte E-Commerce-Seller von der chinesischen Elternfirma PDD Holdings, ist durch US-Tarife unter seriösem Druck. PDD Holdings hat diese Woche gesagt, dass ihr Profit in der ersten Quartiere fast 50% gestiegen ist, was... ist ein großer Schritt, je nachdem, wie stark Temus Aufstieg in den USA ist.

Temu, der berühmte E-Commerce-Seller von der chinesischen Elternfirma PDD Holdings, ist durch US-Tarife unter seriösem Druck. PDD Holdings hat diese Woche gesagt, dass ihr Profit in der ersten Quartiere fast 50% gestiegen ist, was... ist ein großer Schritt, je nachdem, wie stark Temus Aufstieg in den USA ist.

Temus ultra-cheap tägliche Produkte sind ein Hits mit budgetbewussten amerikanischen Konsumenten. Seht auch den chinesischen Fast-Fashion-E-Retailer Xi'an. Und diese Firmen handeln nicht nur mit den neuen amerikanischen Tarifen, sondern auch mit der Verlängerung eines Pflichtabschlusses für niedrige oder kleine Pakete aus China. And they've both relied heavily on it.

Temus ultra-cheap tägliche Produkte sind ein Hits mit budgetbewussten amerikanischen Konsumenten. Seht auch den chinesischen Fast-Fashion-E-Retailer Xi'an. Und diese Firmen handeln nicht nur mit den neuen amerikanischen Tarifen, sondern auch mit der Verlängerung eines Pflichtabschlusses für niedrige oder kleine Pakete aus China. And they've both relied heavily on it.

So, when all of this came rolling out, we saw TAMU raising prices and temporarily halting all shipments from China. And you can see how this might have affected their bottom line. So, what does this mean for the US-traded shares of PDD? Well, PDD dropped 14% on Tuesday and on the week lost 19%. One business that is managing to overcome its Chinese trade woes is NVIDIA.

So, when all of this came rolling out, we saw TAMU raising prices and temporarily halting all shipments from China. And you can see how this might have affected their bottom line. So, what does this mean for the US-traded shares of PDD? Well, PDD dropped 14% on Tuesday and on the week lost 19%. One business that is managing to overcome its Chinese trade woes is NVIDIA.

The chip giant's business is still booming, even while it's effectively shut out of China's giant AI chip market. On Wednesday, NVIDIA posted another quarter of record-breaking sales, with quarterly revenue reaching $44.06 billion, which is a 69% increase. Even with Washington's roadblocks limiting sales to China. Nvidia shares gained more than 3% on Thursday.

The chip giant's business is still booming, even while it's effectively shut out of China's giant AI chip market. On Wednesday, NVIDIA posted another quarter of record-breaking sales, with quarterly revenue reaching $44.06 billion, which is a 69% increase. Even with Washington's roadblocks limiting sales to China. Nvidia shares gained more than 3% on Thursday.

And the stock helped power indexes to modest gains despite all of the back-and-forth court rulings I told you about re-Trump and tariffs. And on the week, the stock notched a gain of 2.9%. Last but not least, e.l.f. Beauty's stock got a major glow-up after announcing a $1 billion deal to acquire Hailey Bieber's beauty brand.

And the stock helped power indexes to modest gains despite all of the back-and-forth court rulings I told you about re-Trump and tariffs. And on the week, the stock notched a gain of 2.9%. Last but not least, e.l.f. Beauty's stock got a major glow-up after announcing a $1 billion deal to acquire Hailey Bieber's beauty brand.

Hailey Bieber, the American model and wife of Justin Bieber, started RODE back in 2022, and e.l.f. said that buying RODE will help diversify its supply chain out of China. Sorry, I know, China this, China that, it's just how it is. Elfshares ended up rocketing 24% higher on Thursday and on the week notched a gain of 34%. And now you know what's news in markets this week.