EU tariff delay, Nvidia earnings, Tesla sales: Three things


00:00 Speaker A

Let’s get to the three things that you need to know today. First up, US stock futures rising this morning as the US and the EU agreed to fast track trade talks. Last week, President Trump threatened to impose a 50% tariff on the EU starting June 1st after complaining the block was slow walking negotiations and unfairly targeting US companies. But Trump extended the deadline back to July after a call over the weekend with EU Commission President Ursula van der Leyen.

00:40 Speaker B

Plus Nvidia shares pushing higher today, ahead of its hotly anticipated earnings results that are due out after the closing bell Wednesday. The chip maker’s report will show that it remains on track to top estimates for the year. Here, ultimately, Nvidia remains the leader in AI computing right now, but investors are going to be looking for updates from CEO Jensen Huang on the company’s sales outlook, its competitive edge, and how it’s navigating geopolitical tensions that could cut the company off from some major markets. Yahoo Finance will bring you full coverage of Nvidia’s earnings results this week. You do not want to miss it.

01:29 Speaker A

And Tesla’s seeing its sales plunge in Europe, dropping 49% year of a year. Tesla’s European sales have now fallen for a fourth straight month as a backlash against CEO Elon Musk’s political views combined with the tepid reaction for the new Model Y and heightened competition weigh on the automaker.


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