Morning Brew Daily
Stock Market Loses $6 Trillion in Two Days & Minecraft Movie Scores Big
07 Apr 2025
Episode 555: Neal and Toby continue to breakdown the fallout from Trump’s major tariff announcement last week and how businesses all over are managing. Then, oil prices take a plunge and what it means for consumers. Also, Billionaires suffer massive losses from the market rout. Meanwhile, the Minecraft movie provides a much-needed sigh of relief for Hollywood. Plus, Mega Millions is increasing its ticket prices even more in hopes to balloon its jackpot. Finally, what to expect in the week ahead. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Checkout TaxAct for more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - What is a circuit breaker? 2:30 - Markets Have Historic Two Days 7:00 - Businesses Feel Tariff Impacts 10:45 - Oil Prices Plunge 12:30 - Billionaires Lose Their Bag 15:30 - Minecraft Movie Wows 18:40 - Mega Million change-up 20:00 - Week Ahead
Full Episode
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, stock futures are way down again as the U.S. 's global tariffs spark a market meltdown.
Then a Minecraft movie put the industry on its back this weekend with a remarkable box office debut. It's Monday, April 7th. Let's ride.
Well, we hope you had a relaxing weekend because it's looking like today will be worse than the Monday after the Super Bowl. And we didn't even get the Super Bowl yesterday. Asian and European stock markets plunged overnight over fears the trade war will crush the global economy. Toby, what's the latest?
Well, Neil, have you ever heard of a circuit breaker? But seriously, circuit breakers have levels that end up getting triggered when markets go down by a certain amount. For the S&P 500, trading would be halted after a 7% drop or a 13% drop. And if the worldwide market performance while you're sleeping is any indication, a lot of those levels are going to be tested today.
Hong Kong's Hang Seng market is down 13%. Japan's Nikkei index is down 8%. Singapore down 7%. China is down 7%. India is down 4%. And over in Europe, things are not much better. The pan-European stocks 600 index was down 5.2% in morning trading. And then a little sneak peek at the U.S. S&P 500 futures down 4%. NASDAQ 100 futures down 4.3%. Futures on the Dow are up. Just kidding.
They're also down a 4%. So yeah, go ahead and put an extra shot in your espresso. Now a word from our sponsor, TaxAct. Neil, do you think Batman ever did his own taxes? Definitely not. That's what Alfred is for. Actually, maybe Robin was a CPA. The point is every hero needs a sidekick.
And if you're a sole proprietor business owner, you definitely needed one because chances are things are a mess under the hood.
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