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EU Expects Most US Tariffs to Stay as Talks Make Little Progress

2024-07-13

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ccch,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/424811159692104","repostId":"1185558722","repostType":4,"repost":{"id":"1185558722","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1744726872,"share":"https://ttm.financial/m/news/1185558722?lang=&edition=fundamental","pubTime":"2025-04-15 22:21","market":"us","language":"en","title":"EU Expects Most US Tariffs to Stay as Talks Make Little Progress","url":"https://stock-news.laohu8.com/highlight/detail?id=1185558722","media":"Tiger Newspress","summary":"EU Expects US Tariffs To Remain As Talks Make Little Progress","content":"<html><head></head><body><p>The European Union and US made scant progress bridging trade 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In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.</p><p style=\"text-align: start;\">While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.</p><p style=\"text-align: start;\">The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b77ad5caa3ef99df990a4b40ca40a408\" tg-width=\"642\" tg-height=\"411\"/></p><p>Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.</p><p>The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.</p><p style=\"text-align: start;\">US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.</p><p style=\"text-align: start;\">On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.</p><p style=\"text-align: start;\">The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.</p><p style=\"text-align: start;\">The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.</p><p style=\"text-align: start;\">They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU Expects Most US Tariffs to Stay as Talks Make Little Progress</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU Expects Most US Tariffs to Stay as Talks Make Little Progress\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-04-15 22:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.</p><p style=\"text-align: start;\">The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.</p><p style=\"text-align: start;\">The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.</p><p style=\"text-align: start;\">Trump announced a sweeping array of tariffs this month in his bid to reorder the global trading system, bring manufacturing jobs back to the US and raise revenue to pay for a tax-cut extension. His administration has also moved forward with plans to impose semiconductor and pharmaceutical imports with duties. All of Trump’s new tariffs are hitting around €380 billion ($431 billion) of EU goods.</p><p>Spokespeople for the office of the US Trade Representative, the Commerce secretary and the European Commission didn’t immediately reply to requests for comment.</p><p style=\"text-align: start;\">The EU agreed last week to delay for 90 days the implementation of a set of counter-tariffs against the US over 25% duties Trump imposed on the bloc’s steel and aluminum exports. The move came after the US president lowered his so-called reciprocal rate on most EU exports for the same amount of time.</p><p>The EU has said that its measures, which target around €21 billion of US goods, will snap into place after the 90 days if negotiations don’t yield satisfactory results. The bloc is already working to prepare more counter-measures in the event of that scenario materializing. In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.</p><p style=\"text-align: start;\">While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.</p><p style=\"text-align: start;\">The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b77ad5caa3ef99df990a4b40ca40a408\" tg-width=\"642\" tg-height=\"411\"/></p><p>Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.</p><p>The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.</p><p style=\"text-align: start;\">US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.</p><p style=\"text-align: start;\">On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.</p><p style=\"text-align: start;\">The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.</p><p style=\"text-align: start;\">The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.</p><p style=\"text-align: start;\">They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185558722","content_text":"The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.Trump announced a sweeping array of tariffs this month in his bid to reorder the global trading system, bring manufacturing jobs back to the US and raise revenue to pay for a tax-cut extension. His administration has also moved forward with plans to impose semiconductor and pharmaceutical imports with duties. All of Trump’s new tariffs are hitting around €380 billion ($431 billion) of EU goods.Spokespeople for the office of the US Trade Representative, the Commerce secretary and the European Commission didn’t immediately reply to requests for comment.The EU agreed last week to delay for 90 days the implementation of a set of counter-tariffs against the US over 25% duties Trump imposed on the bloc’s steel and aluminum exports. The move came after the US president lowered his so-called reciprocal rate on most EU exports for the same amount of time.The EU has said that its measures, which target around €21 billion of US goods, will snap into place after the 90 days if negotiations don’t yield satisfactory results. The bloc is already working to prepare more counter-measures in the event of that scenario materializing. In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.","news_type":1,"symbols_score_info":{".SPX":1.1,".DJI":1.1,".IXIC":1.1}},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326835237183568,"gmtCreate":1720827239106,"gmtModify":1720836357201,"author":{"id":"4182616268365082","authorId":"4182616268365082","name":"Lidsta","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4182616268365082","idStr":"4182616268365082"},"themes":[],"htmlText":"&nbsp;Xx","listText":"&nbsp;Xx","text":"Xx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326835237183568","repostId":"1122807525","repostType":2,"repost":{"id":"1122807525","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1720785501,"share":"https://ttm.financial/m/news/1122807525?lang=&edition=fundamental","pubTime":"2024-07-12 19:58","market":"us","language":"en","title":"Pre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1122807525","media":"Tiger Newspress","summary":"U.S. stock futures were little changed Friday morning after the S&P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.Market SnapshotAt","content":"<html><head></head><body><p>U.S. stock futures were little changed Friday morning after the S&amp;P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 07:52 a.m. ET, S&amp;P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3073b7957a9a3da4d4455cdb03cf1c7a\" title=\"\" tg-width=\"308\" tg-height=\"143\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. <a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a> fell nearly 2% after closing down 4.1% on Thursday.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&amp;T learned of the breach in April. The company has launched an investigation.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_930969513\" style=\"text-align: start;\">Tesla Is Downgraded by UBS Due to Valuation Concerns</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.</p><p style=\"text-align: left;\">&#34;While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,&#34; he warned. &#34;If market enthusiasm for AI diminishes, this may impact TSLA&#39;s multiple,&#34; added Spak.</p><p style=\"text-align: left;\">After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA&#39;s current trading price led to the new bear rating on the stock.</p><p>UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.</p><h3 id=\"id_4077910416\">JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses Climbs</h3><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.</p><p style=\"text-align: left;\">JPM stock slipped 1.5% in Friday premarket trading.</p><p style=\"text-align: left;\">The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.</p><h3 id=\"id_4205616524\">Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares Slump</h3><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>&#39;s second-quarter profit declined and the lender missed analysts&#39; estimates for interest income on higher deposit costs amid intense competition for customers&#39; money, sending its shares down more than 6% in premarket trading.</p><p>Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-12 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures were little changed Friday morning after the S&amp;P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 07:52 a.m. ET, S&amp;P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3073b7957a9a3da4d4455cdb03cf1c7a\" title=\"\" tg-width=\"308\" tg-height=\"143\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. <a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a> fell nearly 2% after closing down 4.1% on Thursday.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&amp;T learned of the breach in April. The company has launched an investigation.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_930969513\" style=\"text-align: start;\">Tesla Is Downgraded by UBS Due to Valuation Concerns</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.</p><p style=\"text-align: left;\">&#34;While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,&#34; he warned. &#34;If market enthusiasm for AI diminishes, this may impact TSLA&#39;s multiple,&#34; added Spak.</p><p style=\"text-align: left;\">After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA&#39;s current trading price led to the new bear rating on the stock.</p><p>UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.</p><h3 id=\"id_4077910416\">JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses Climbs</h3><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.</p><p style=\"text-align: left;\">JPM stock slipped 1.5% in Friday premarket trading.</p><p style=\"text-align: left;\">The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.</p><h3 id=\"id_4205616524\">Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares Slump</h3><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>&#39;s second-quarter profit declined and the lender missed analysts&#39; estimates for interest income on higher deposit costs amid intense competition for customers&#39; money, sending its shares down more than 6% in premarket trading.</p><p>Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","T":"At&T","WFC":"富国银行",".DJI":"道琼斯",".SPX":"S&P 500 Index","TSLA":"特斯拉","JPM":"摩根大通","NVDA":"英伟达","FAST":"快扣",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122807525","content_text":"U.S. stock futures were little changed Friday morning after the S&P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.Market SnapshotAt 07:52 a.m. ET, S&P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.Pre-Market MoversNVIDIA Corp tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. Meta Platforms, Inc. fell nearly 2% after closing down 4.1% on Thursday.AT&T Inc declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&T learned of the breach in April. The company has launched an investigation.Fastenal was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.Market NewsTesla Is Downgraded by UBS Due to Valuation ConcernsTesla Motors fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.\"While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,\" he warned. \"If market enthusiasm for AI diminishes, this may impact TSLA's multiple,\" added Spak.After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA's current trading price led to the new bear rating on the stock.UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses ClimbsJPMorgan Chase, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.JPM stock slipped 1.5% in Friday premarket trading.The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares SlumpWells Fargo's second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid intense competition for customers' money, sending its shares down more than 6% in premarket trading.Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.","news_type":1,"symbols_score_info":{"JPM":1.1,".IXIC":1.1,"YMmain":1.1,"WFC":1.1,"NQmain":1.1,"META":1.1,"FAST":1.1,"NVDA":1.1,"TSLA":1.1,".SPX":1.1,"ESmain":1.1,".DJI":1.1,"T":1.1}},"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":489323376952224,"gmtCreate":1760487010407,"gmtModify":1760491629761,"author":{"id":"4182616268365082","authorId":"4182616268365082","name":"Lidsta","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4182616268365082","authorIdStr":"4182616268365082"},"themes":[],"htmlText":"Zzc aaa","listText":"Zzc aaa","text":"Zzc aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/489323376952224","repostId":"2575312241","repostType":2,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":424811159692104,"gmtCreate":1744749618560,"gmtModify":1744754150290,"author":{"id":"4182616268365082","authorId":"4182616268365082","name":"Lidsta","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4182616268365082","authorIdStr":"4182616268365082"},"themes":[],"htmlText":"X.&nbsp; &nbsp;,xcxc cc xx z c c vb c, cffcvccxdv ccch,","listText":"X.&nbsp; &nbsp;,xcxc cc xx z c c vb c, cffcvccxdv ccch,","text":"X. ,xcxc cc xx z c c vb c, cffcvccxdv ccch,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/424811159692104","repostId":"1185558722","repostType":4,"repost":{"id":"1185558722","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1744726872,"share":"https://ttm.financial/m/news/1185558722?lang=&edition=fundamental","pubTime":"2025-04-15 22:21","market":"us","language":"en","title":"EU Expects Most US Tariffs to Stay as Talks Make Little Progress","url":"https://stock-news.laohu8.com/highlight/detail?id=1185558722","media":"Tiger Newspress","summary":"EU Expects US Tariffs To Remain As Talks Make Little Progress","content":"<html><head></head><body><p>The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.</p><p style=\"text-align: start;\">The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.</p><p style=\"text-align: start;\">The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.</p><p style=\"text-align: start;\">Trump announced a sweeping array of tariffs this month in his bid to reorder the global trading system, bring manufacturing jobs back to the US and raise revenue to pay for a tax-cut extension. His administration has also moved forward with plans to impose semiconductor and pharmaceutical imports with duties. All of Trump’s new tariffs are hitting around €380 billion ($431 billion) of EU goods.</p><p>Spokespeople for the office of the US Trade Representative, the Commerce secretary and the European Commission didn’t immediately reply to requests for comment.</p><p style=\"text-align: start;\">The EU agreed last week to delay for 90 days the implementation of a set of counter-tariffs against the US over 25% duties Trump imposed on the bloc’s steel and aluminum exports. The move came after the US president lowered his so-called reciprocal rate on most EU exports for the same amount of time.</p><p>The EU has said that its measures, which target around €21 billion of US goods, will snap into place after the 90 days if negotiations don’t yield satisfactory results. The bloc is already working to prepare more counter-measures in the event of that scenario materializing. In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.</p><p style=\"text-align: start;\">While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.</p><p style=\"text-align: start;\">The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b77ad5caa3ef99df990a4b40ca40a408\" tg-width=\"642\" tg-height=\"411\"/></p><p>Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.</p><p>The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.</p><p style=\"text-align: start;\">US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.</p><p style=\"text-align: start;\">On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.</p><p style=\"text-align: start;\">The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.</p><p style=\"text-align: start;\">The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.</p><p style=\"text-align: start;\">They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU Expects Most US Tariffs to Stay as Talks Make Little Progress</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU Expects Most US Tariffs to Stay as Talks Make Little Progress\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-04-15 22:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.</p><p style=\"text-align: start;\">The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.</p><p style=\"text-align: start;\">The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.</p><p style=\"text-align: start;\">Trump announced a sweeping array of tariffs this month in his bid to reorder the global trading system, bring manufacturing jobs back to the US and raise revenue to pay for a tax-cut extension. His administration has also moved forward with plans to impose semiconductor and pharmaceutical imports with duties. All of Trump’s new tariffs are hitting around €380 billion ($431 billion) of EU goods.</p><p>Spokespeople for the office of the US Trade Representative, the Commerce secretary and the European Commission didn’t immediately reply to requests for comment.</p><p style=\"text-align: start;\">The EU agreed last week to delay for 90 days the implementation of a set of counter-tariffs against the US over 25% duties Trump imposed on the bloc’s steel and aluminum exports. The move came after the US president lowered his so-called reciprocal rate on most EU exports for the same amount of time.</p><p>The EU has said that its measures, which target around €21 billion of US goods, will snap into place after the 90 days if negotiations don’t yield satisfactory results. The bloc is already working to prepare more counter-measures in the event of that scenario materializing. In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.</p><p style=\"text-align: start;\">While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.</p><p style=\"text-align: start;\">The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b77ad5caa3ef99df990a4b40ca40a408\" tg-width=\"642\" tg-height=\"411\"/></p><p>Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.</p><p>The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.</p><p style=\"text-align: start;\">US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.</p><p style=\"text-align: start;\">On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.</p><p style=\"text-align: start;\">The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.</p><p style=\"text-align: start;\">The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.</p><p style=\"text-align: start;\">They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185558722","content_text":"The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.Trump announced a sweeping array of tariffs this month in his bid to reorder the global trading system, bring manufacturing jobs back to the US and raise revenue to pay for a tax-cut extension. His administration has also moved forward with plans to impose semiconductor and pharmaceutical imports with duties. All of Trump’s new tariffs are hitting around €380 billion ($431 billion) of EU goods.Spokespeople for the office of the US Trade Representative, the Commerce secretary and the European Commission didn’t immediately reply to requests for comment.The EU agreed last week to delay for 90 days the implementation of a set of counter-tariffs against the US over 25% duties Trump imposed on the bloc’s steel and aluminum exports. The move came after the US president lowered his so-called reciprocal rate on most EU exports for the same amount of time.The EU has said that its measures, which target around €21 billion of US goods, will snap into place after the 90 days if negotiations don’t yield satisfactory results. The bloc is already working to prepare more counter-measures in the event of that scenario materializing. In parallel, it is rushing to conclude trade deals with countries around the world and improve the functioning of its single market.While US officials have suggested that the sectoral measures had to stay, some of the tariffs on cars could be offset by increasing investments, production and exports from the US, the people said. They speculated, however, that there was no stopping the levies from getting increased in the future should US exports not get a boost.The EU has offered that both sides remove all tariffs on industrial goods, including cars. The US has so far rejected that proposal.Trump has repeatedly attacked the EU, the US’s largest trading partner when counted as a bloc, saying it was formed to “screw” the US and that the bloc’s trade-in-goods surplus is evidence of an unfair relationship. The EU’s trade weighted average tariff rate was 2.7% in 2023, according to World Trade Organization data.The US would like to see European chemical firms produce more precursors used in the pharmaceutical industry in the US, integrate supply chains, have preferential procurement and suggested the bloc should increase the price of its medicines, the people said.US Vice President JD Vance has previously said that Europe pays less for many of its drugs because Americans are subsidizing its healthcare.On steel and aluminum, as well as potential future levies on copper, the US wants the EU to come forward with a proposal, while floating the possibility of common tariffs, according to the people. They said it wasn’t clear whether some of the ideas floated had wider backing within the administration but noted several were not compatible with WTO rules.The commission has been working on a “term sheet” of potential areas for negotiation, including lower tariffs, regulations and standards, Bloomberg previously reported.The EU has also proposed increasing purchases of liquefied natural gas from the US, but Trump officials have so far shown little appetite in exploring that route as an alternative to tariffs.They have insisted on discussing what the US perceives as non-tariff barriers such as digital and artificial intelligence regulations as well as food standards, the people said. Discussions between the two sides will continue at a technical level.","news_type":1,"symbols_score_info":{".SPX":1.1,".DJI":1.1,".IXIC":1.1}},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326835237183568,"gmtCreate":1720827239106,"gmtModify":1720836357201,"author":{"id":"4182616268365082","authorId":"4182616268365082","name":"Lidsta","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4182616268365082","authorIdStr":"4182616268365082"},"themes":[],"htmlText":"&nbsp;Xx","listText":"&nbsp;Xx","text":"Xx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326835237183568","repostId":"1122807525","repostType":2,"repost":{"id":"1122807525","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1720785501,"share":"https://ttm.financial/m/news/1122807525?lang=&edition=fundamental","pubTime":"2024-07-12 19:58","market":"us","language":"en","title":"Pre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1122807525","media":"Tiger Newspress","summary":"U.S. stock futures were little changed Friday morning after the S&P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.Market SnapshotAt","content":"<html><head></head><body><p>U.S. stock futures were little changed Friday morning after the S&amp;P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 07:52 a.m. ET, S&amp;P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3073b7957a9a3da4d4455cdb03cf1c7a\" title=\"\" tg-width=\"308\" tg-height=\"143\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. <a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a> fell nearly 2% after closing down 4.1% on Thursday.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&amp;T learned of the breach in April. The company has launched an investigation.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_930969513\" style=\"text-align: start;\">Tesla Is Downgraded by UBS Due to Valuation Concerns</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.</p><p style=\"text-align: left;\">&#34;While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,&#34; he warned. &#34;If market enthusiasm for AI diminishes, this may impact TSLA&#39;s multiple,&#34; added Spak.</p><p style=\"text-align: left;\">After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA&#39;s current trading price led to the new bear rating on the stock.</p><p>UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.</p><h3 id=\"id_4077910416\">JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses Climbs</h3><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.</p><p style=\"text-align: left;\">JPM stock slipped 1.5% in Friday premarket trading.</p><p style=\"text-align: left;\">The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.</p><h3 id=\"id_4205616524\">Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares Slump</h3><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>&#39;s second-quarter profit declined and the lender missed analysts&#39; estimates for interest income on higher deposit costs amid intense competition for customers&#39; money, sending its shares down more than 6% in premarket trading.</p><p>Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Futures Are Flat; Tesla Drops 2% After UBS Downgrade; Wells Fargo Slumps 6%; Meta Down 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-12 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures were little changed Friday morning after the S&amp;P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 07:52 a.m. ET, S&amp;P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3073b7957a9a3da4d4455cdb03cf1c7a\" title=\"\" tg-width=\"308\" tg-height=\"143\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. <a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a> fell nearly 2% after closing down 4.1% on Thursday.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&amp;T learned of the breach in April. The company has launched an investigation.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_930969513\" style=\"text-align: start;\">Tesla Is Downgraded by UBS Due to Valuation Concerns</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.</p><p style=\"text-align: left;\">&#34;While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,&#34; he warned. &#34;If market enthusiasm for AI diminishes, this may impact TSLA&#39;s multiple,&#34; added Spak.</p><p style=\"text-align: left;\">After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA&#39;s current trading price led to the new bear rating on the stock.</p><p>UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.</p><h3 id=\"id_4077910416\">JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses Climbs</h3><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.</p><p style=\"text-align: left;\">JPM stock slipped 1.5% in Friday premarket trading.</p><p style=\"text-align: left;\">The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.</p><h3 id=\"id_4205616524\">Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares Slump</h3><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>&#39;s second-quarter profit declined and the lender missed analysts&#39; estimates for interest income on higher deposit costs amid intense competition for customers&#39; money, sending its shares down more than 6% in premarket trading.</p><p>Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","T":"At&T","WFC":"富国银行",".DJI":"道琼斯",".SPX":"S&P 500 Index","TSLA":"特斯拉","JPM":"摩根大通","NVDA":"英伟达","FAST":"快扣",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122807525","content_text":"U.S. stock futures were little changed Friday morning after the S&P 500 had its worst session since April, as investor evaluated the start of second-quarter earnings reporting season.Market SnapshotAt 07:52 a.m. ET, S&P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up around 0.1%, while Nasdaq 100 futures were flat.Pre-Market MoversNVIDIA Corp tumbled 5.6% on Thursday amid the selloff in big name tech shares, was up 0.2% in premarket trading. Meta Platforms, Inc. fell nearly 2% after closing down 4.1% on Thursday.AT&T Inc declined 2%. The telecommunications giant customer data was illegally downloaded from its workspace on a third-party cloud platform. AT&T learned of the breach in April. The company has launched an investigation.Fastenal was up 2.2%. The distributor of industrial and construction supplies reported second-quarter sales of $1.91 billion, up from $1.88 billion a year earlier and matching estimates.Market NewsTesla Is Downgraded by UBS Due to Valuation ConcernsTesla Motors fell 2% in early trading on Friday after UBS downgraded the electric vehicle giant to a Sell rating after having it slotted at Neutral. UBS analyst Joseph Spak and his team noted that the premium Tesla trades at is due to its future growth initiatives may be reeled back.\"While TSLA is investing heavily in AI and the tech is making progress, investment is costly, the pace of improvement may slow, and the payoff is long-dated,\" he warned. \"If market enthusiasm for AI diminishes, this may impact TSLA's multiple,\" added Spak.After crunching the numbers, the UBS analysts think the valuation of the core auto business is between $60 and $90 per share, the valuation of the Tesla energy business is ~$57 per share, and the robotaxi business is estimated to have a value of around $18 per share. That large gap from TSLA's current trading price led to the new bear rating on the stock.UBS assigned a price target of $197 based on a 55X price-to-earnings multiple.JPMorgan Chase Q2 Earnings Fall Short as Provision for Credit Losses ClimbsJPMorgan Chase, the largest U.S. bank by assets, turned in Q2 earnings that trailed the Wall Street consensus, as the company bolstered the amount of money it sets aside for potential credit losses. Investment banking fees rebounded, and market revenue improved.JPM stock slipped 1.5% in Friday premarket trading.The company affirmed its full-year net interest income guidance of ~$91B issued in May and compares with Visible Alpha consensus of $91.0B.Wells Fargo Misses Interest Income Estimates as Deposit Costs Bite, Shares SlumpWells Fargo's second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid intense competition for customers' money, sending its shares down more than 6% in premarket trading.Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid 9% to $11.92 billion. Analysts on average had expected $12.12 billion, according to LSEG data.","news_type":1,"symbols_score_info":{"JPM":1.1,".IXIC":1.1,"YMmain":1.1,"WFC":1.1,"NQmain":1.1,"META":1.1,"FAST":1.1,"NVDA":1.1,"TSLA":1.1,".SPX":1.1,"ESmain":1.1,".DJI":1.1,"T":1.1}},"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}