In this episode, Scott Becker breaks down six stories shaping the business and private equity landscape, including new auto tariffs, stock market declines, major corporate layoffs, and the latest trends in high-performing and struggling stocks.
Chapter 1: What are the new auto tariffs announced by President Trump?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're going to walk through six stories very quickly that we're following. The first two really revolve around tariffs and what we're seeing. So for the first, President Trump said yesterday that he would impose 25% tariffs. on global automotive imports.
Chapter 2: How did the stock market react to the tariff news?
He says this is essentially making good on a pledge he had made earlier. Our second story is that the news of these tariffs caused the NASDAQ, the S&P, to fall greatly yesterday. The NASDAQ fell almost 2%. The S&P was down more than 1%. It's early today, but stocks are also a little bit down today. NVIDIA and Tesla dropped 5% yesterday each. Robinhood dropped around 7%.
Chapter 3: What is the current ranking of the Becker Private Equity Business Podcast?
So a tough day in the markets yesterday. We'll see where today ends up. Third, the Becker Private Equity Business Podcast, thanks to all of our listeners, is ranked first today in the United States in the category under Apple Business News. It's surrounded by Bloomberg and Wall Street Journal podcasts. We're very thrilled with that.
It's very different than the book I authored, The Entrepreneur's Edge, where the book's also fallen off of the proverbial cliff. We'll see if that gets any better. Fourth, a few of the stocks have just got crushed over the last 52 weeks, and these are five of them. Moderna, the vaccine company, Oatly, the oat milk company, Five Below, Stellantis, the Jeep company, and then Trump Media.
All of these are amongst the biggest losers over the last 52 weeks. Fifth, on the health system side, we're starting to see lots of layoffs. An example, that is PennMed just announced that they're laying off 300 people. You'll be seeing more and more of that. Finally, sixth, Palantir Technologies remains up 270% over the last 52 weeks and is up 22% year-to-date. And we'll give you a PS quickly.
Hims and Hers remains up 110% over the last 52 weeks and is up 37% year-to-date. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.