CNBC Daily Open: The Trump film mystery no person desires to look at

Out of the entire tariff movements U.S. President Donald Trump has introduced, the 100% levy on films produced out of doors the U.S. ranks as one of the unusual, taking its position beside the head-scratching method his management used to resolve the extent of price lists.

Trump did not proportion main points of the way the tariff would paintings — or if it might in reality be carried out — however the mere announcement of the levy was once sufficient to deliver down stocks of leisure and media firms like Netflix and Paramount.

Costs apart, how would the ones price lists paintings on a cultural stage? Would the Oscars take away its class for Best Foreign Film? Must all films be set within the U.S. as neatly? Will American actors starring in world motion pictures be penalized?

Those would possibly appear outlandish issues, however predicting the following act of the U.S. president is close to not possible — Trump is a cliffhanger embodied. Given that the presidential time period turns out to just about be a truth tv collection for Trump, his movements could be just right for viewership however a rotten tomato for everybody else.

S&P 500 breaks profitable streak
U.S. markets fell Monday. The S&P 500 misplaced 0.64%, snapping a nine-day rally, its longest since 2004. The Dow Jones Industrial Average dipped 0.24% and the Nasdaq Composite declined 0.74%. U.S. crude oil futures fell about 2% Monday to its lowest agreement since February 2021 after OPEC+ agreed to hike manufacturing. Asia-Pacific shares maximum rose Tuesday. India’s Nifty 50 dipped kind of 0.4% in early business amid stories that the rustic has proposed to the U.S. it is going to take away price lists on metal, auto elements and prescription drugs on a reciprocal foundation.

The finish of an technology for Buffett
Berkshire Hathaway stocks fell 4.9% Monday after Warren Buffett proposed Saturday for Greg Abel to interchange him as CEO by means of the top of the yr. The corporate’s board voted unanimously Sunday to make Abel president and CEO on Jan. 1, 2026, and for Buffett to stay as chairman. Shares of the corporate have rocketed 5,502,284% between 1965, when Buffett took over Berkshire Hathaway, and the top of 2024.

More tariff traits from Trump
Trump introduced Sunday that he could be enforcing a 100% tariff on motion pictures produced out of doors the United States, however walked again on his feedback the following day. On Sunday, Trump additionally downplayed the specter of provide shortages by means of announcing women “may well be more than pleased” with fewer dolls. Finally, Trump signed an govt order Monday to cut back the period of time it takes to approve pharmaceutical production vegetation within the America, and added he’ll announce pharmaceutical-specific price lists inside the subsequent two weeks.

Palantir hikes outlook however stocks fall
Palantir stocks tumbled greater than 9% in prolonged buying and selling after it reported income that met expectancies. The corporate, which supplies synthetic intelligence device for governments and firms, additionally hiked its full-year income outlook to between $3.89 billion and $3.90 billion. Palantir stocks have defied 2025′s vast downtrend in era shares. Even after these days’s fall, the inventory is up 64% this yr.

Ford suspends its steerage
Ford Motor beat Wall Street’s first-quarter expectancies, however suspended its 2025 monetary steerage amid an anticipated $2.5 billion affect this yr from Trump’s price lists. The Detroit automaker mentioned it expects to offset $1 billion of the ones prices thru remediation movements in addition to quantity and pricing expectancies for a complete affect of $1.5 billion in 2025. Shares fell round 2.5% in prolonged buying and selling.

[PRO] Chinese ETF over U.S. tech?
Chinese era shares have noticed a unstable begin to 2025, with considerable non permanent swings in each instructions. But the uneven worth motion yr to this point is inside of a positive long-term context. This Chinese tech ETF can be a higher guess than U.S. era shares, which seem rather overextended, wrote Katie Stockton, founder and managing spouse of Fairlead Strategies.

Temu and Shein face large price lists. But don’t rely them out of the U.S. e-tail scene, professionals say

On Friday, the de minimis rule — a coverage that had exempted U.S. imports value $800 from business price lists — formally closed for shipments from China. This has noticed Temu and Shein uncovered to tasks as top as 120% or a flat charge of $100, set to upward push to $200 in June.

The small-package tariff exemption have been key to the corporations’ skill to handle price range costs at the products they send from China. Now that it is long gone, costs on Temu and Shein have been surging, with the previous finishing direct shipments from out of doors the U.S. altogether. 

Despite the brand new business demanding situations that Temu and Shein face, e-commerce and provide chain professionals informed CNBC that the corporations are nonetheless able to competing with their competitors within the U.S.