Jason Brooks
@brookskcbsradio
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Talking Wall Street & Silicon Valley for KCBS Radio & CBS Radio News. Host of The Crisis Next Door-a podcast on global conflict. #GoDucks
San Francisco, CA
Joined September 2012
Stocks ended the week in the red with Trump's 35% tariff on Canada dragging on sentiment. Crypto rallied w/Bitcoin topping $118K for the first time and Levi +11% on strong guidance. Dow -279 Nasdaq -45 SP500 -20.
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Are you rocking jorts? Denim is king today with $LEVI +9% on strong earnings and optimistic guidance. Levi says denim short sales grew by double digits for men and women, and "quiet" Western-themed apparel is in demand.
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Stocks open lower after Trump slapped a 35% tariff on Canada. Levi shares though are jumping on strong guidance. Treasury yields are rising. SP500 -32.
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Good morning, no shrugging off tariffs today with futures sinking on Trump's 35% Canada tariff. Treasury yields and oil are up. Social media stocks are getting dinged. $LEVI +7.4% on strong earnings guidance, taking into account China tariffs. Dow -250.
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Another record day for stocks with the SP500 and Nasdaq setting new highs, with the market shrugging off tariff uncertainties. Travel stocks rallied on Delta's strong earnings guidance. $DAL +12%. Dow +192 Nasdaq +19 SP500 +17.
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SP500 sets a new intraday high. Nasdaq in line for its second straight record close.
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JP Morgan CEO Jamie Dimon told a conference in Ireland that tariffs are inflationary, and he thinks there's up to a 50% chance of higher U.S. interest rates. Trump wants the FFR cut by three full percentage points.
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That $3.1B is twice WK Kellogg's market value at Tuesday's close.
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WK Kellogg shares jump 30% on this. $KLG. BATTLE CREEK, Mich. (AP) — Ferrero Group, maker of Nutella, agrees to buy breakfast cereal maker WK Kellogg for about $3.1 billion.
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Good morning, initial jobless claims fell by 4K to 227K, further ammo for the Fed to hold tight on rates, despite President Trump hammering away at Powell, now calling for a 3 point cut. Stock futures are red. $KLG +52% on a WSJ report that Ferrero is buying the cereal maker.
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Stocks bounced back today led by Nvidia, with the AI chipmaker the first company to top a $4 trillion dollar cap, although closing the day $28-billion below that milestone. Dow +217 Nasdaq +192 SP500 +37.
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Wall Street doesn't think Yaccarino's departure from X will have much of an impact on the company.
Elon has always made the key decisions at X. Linda Yaccarino’s tenure lasted a year longer than I thought it might when she was hired in 2023. This doesn't change anything when it comes to xAI. All signs suggest the company continues to execute at a wicked fast pace (despite.
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Another deadly Houthi attack on Red Sea shipping. DUBAI, United Arab Emirates (AP) — European Union naval force says 6 crew recovered and 19 missing from the ship Eternity C, sunk by Yemen's Houthis.
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So far no public comment from @elonmusk on Linda Yaccarino stepping down as CEO of X after two years on the job.
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Elon Musk is looking for a new CEO for X.
After two incredible years, I’ve decided to step down as CEO of 𝕏. When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me.
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Nvida is the first $4 trillion dollar company in the world. $NVDA.
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Stocks open higher with Nvidia under close watch as its within $19B of becoming the first $4 trillion dollar company. Jensen Huang owns 75-million shares, after selling 225K shares for $35-million. $NVDA +2%.
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WH Trade Advisor Peter Navarro is going after Apple gain, telling Fox Business that Apple thinks "its too big to tariff". On Monday, Navarro criticized Tim Cook for being too slow in moving iPhone production out of China. $AAPL.
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