00:00 Speaker A
Time now for what to watch Tuesday, April 8th, starting off on the tariff front. President Trump threatening an additional 50% tariff on China in response to China’s 34% retaliatory tariff. President Trump reiterating that tariff at a news conference with the Israeli Prime Minister Benjamin Netanyahu earlier today. It’s going to go into effect as will most of the reciprocal tariffs at midnight on Tuesday. This one unless China rescinds it’s 34% tariff. Confused yet? Moving over to earnings. Some reports coming in throughout the day tomorrow from the likes of Tilray brands and Cal Maine. Tilray will announce results for the third quarter before the markets open. Analysts expect to see more profit growth in the quarter driven by the company’s recent beverage acquisitions and selling more expensive cannabis products. Moving over to the Fed. We’ll be getting some Fed commentary in the morning from San Francisco Fed President Mary Daly. This coming after comments from Fed chair J. Powell last week. He said today that the central bank is in wait and see mode. But now bigger than expected tariffs could lead to lower growth and longer lasting inflation. And finally the NFIB optimism index coming out in the morning. Economists forecast March’s number will drop to 99 on a month over month basis. That would make it the third consecutive drop and the lowest since the election. That new data will give us more insight into small business sentiment in the US.