Francesca Fontana
speaker
586 appearances
22 recordings
1 series
first heard Feb 2025
last heard 10 Jan
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 9 in all, peaking in Dec 2025 with 3.
Appearances
Trump threatened to eliminate government subsidies and contracts for Musk's businesses. And Musk called Trump ungrateful after his campaign support and agreed with a tweet that Trump should be impeached. And it certainly made Thursday's trading interesting. Tesla's shares fell 14% during the session, losing about $152 billion in market value, which is the company's biggest one-day slide on record.
And Trump Media & Technology, the parent company of Trump's Truth Social, saw its shares fall 8%. On Friday, they made up some ground, both gained close to 4%. All in all, the three major indexes notched weekly gains. Die S&P 500 und die Dow sind alle mehr als 1% gestiegen und die Nasdaq ist mehr als 2% gestiegen.
Now let's get back to those metals tariffs and what they mean for American steelmakers like Cleveland Cliffs. Steel producers seriously rallied on Monday on Trump's recent move to double steel and aluminum tariffs to 50%. And yes, that's 5-0. He unveiled the higher duties at a rally the Friday before. And by that I mean May 30th, not yesterday.
while promoting a $14 billion deal between Japan's Nippon Steel and U.S. Steel, which the president said would ensure U.S. control over the company. The higher tariffs, which took effect on Wednesday, give domestic steelmakers more power to raise prices. And, as we've seen since April, steel demand and prices have been cooling off. So, back to that rally.
Cleveland Cliffs shares surged 23% on Monday, and on a weekly basis, the stock gained 30%. Next up, we've got earnings reports from bargain chains like Dollar General. We've talked about the ongoing trend of falling retail demand, and these companies are apparently bucking that trend, thanks to an influx of higher-income customers looking for deals.
Dollar General on Tuesday raised its annual sales outlook after posting better-than-expected first-quarter results. The company said its updated guidance assumes current tariff rates remain in place through mid-August. As we've seen, of course, it's hard to predict anything when it comes to Trump's trade policy.
Executives for Dollar General and rival Dollar Tree said that increased demand from middle- and upper-income customers boosted sales in their spring quarters. Meanwhile, as Dollar General's CEO mentioned, lower-income customers remain financially strapped. And on Wednesday, low-cost retail peer Five Below joined the dollar stores in posting better-than-expected quarterly results.
So, back to Dollar General. How'd the stock do? Well, it soared 16% on Tuesday and ended the week with a gain of about 17%. Last but not least, let's talk Lululemon. You may know it for its yoga pants. The Sportswear brand cut its annual profit outlook, as the company faces cautious U.S. consumers pulling back spending and tariffs that stand to threaten its supply chain.
Specifically, tariffs affecting products from some of the company's largest sourcing bases. It makes products in China, Vietnam, Cambodia, Sri Lanka, Indonesia and Bangladesh. Lululemon said it's assuming tariffs of 30% on Chinese imports and 10% from other countries. It's looking at ways to cut shipping costs and plans to raise prices on some products.
On Friday, Lululemon shares plummeted 20% and the stock notched a weekly loss of about 16%. And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section. Today's show was produced by Zoe Kolkin with supervising producer Talia Arbel. I'm Francesca Fontana.
Have a great weekend and I'll see you next Saturday.
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.
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%.
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.
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.
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.
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