- theYAP.co
- Posts
- THE YAP – MARCH 10, 2025
THE YAP – MARCH 10, 2025
Straight Facts. No Bias. No Noise. Just News.
IN THIS ISSUE:
💰 Trump’s tariffs hit Canadian seafood – Small businesses brace for rising costs.
📉 Markets react to trade war fears – Dow tumbles as investors face uncertainty.
🏦 Bank of Canada’s rate decision looms – Could another cut be on the way?
🚨 Liberal Party names new leader in Canada – Trudeau’s successor steps in.
📊 U.S. jobs report misses expectations – Manufacturing rises, but layoffs loom.
🗳️ Politics
House Republicans Push to Extend Federal Funding, Government Shutdown Looms
House Republicans plan to vote on a funding extension through September.
If negotiations fail, a government shutdown could follow.
Democrats and the White House are pushing for a broader funding deal.
🔍 What This Means: A shutdown could disrupt government services, delay federal paychecks, and hurt market confidence.
Secret Service Shoots Armed Man Near the White House
A confrontation led to Secret Service opening fire on an armed suspect.
The situation is under investigation, with no reported threats to the President.
🔍 What This Means: Expect heightened security in Washington D.C., possibly affecting political events and tourism.
📉 Economy
Trump Declines to Rule Out a 2025 Recession
Trump says the economy is in a "transition phase" under his policies.
He avoided committing to whether a recession is imminent.
🔍 What This Means: Markets dislike uncertainty—Trump’s comments could fuel economic anxiety and cautious investor sentiment.
GDP Contraction Warning: Atlanta Fed Predicts -2.4% Growth for Q1 2025
The economy may have shrunk in Q1, signaling slowing growth.
Consumer spending remains weak, while interest rates remain high.
🔍 What This Means: If confirmed, this could push the Fed to consider rate cuts sooner than expected.
Goldman Sachs Raises Recession Odds to 20%
Goldman economists increased their 12-month recession forecast from 15% to 20%.
Concerns stem from weaker corporate earnings and slowing hiring.
🔍 What This Means: Business leaders and investors may brace for slower growth, impacting hiring and stock valuations.
📊 Business & Markets
US Stock Futures Drop as Trump Stokes Recession Fears
Dow, S&P, and Nasdaq futures are all in the red this morning.
Investors await inflation data and the Fed’s next move.
🔍 What This Means: Expect a choppy trading session as investors digest recession risks and potential policy changes.
Rocket Companies (RKT) Acquires Redfin (RDFN) for $1.75 Billion
The deal is all-stock, valuing Redfin at a premium.
Rocket looks to expand its real estate footprint amid a housing slowdown.
🔍 What This Means: This could shake up the online real estate market as consolidation continues.
Oracle (ORCL) Drops 1.5% Premarket Ahead of Earnings
Investors await updates on Oracle’s cloud and AI expansion.
Earnings results could set the tone for tech stocks this week.
🔍 What This Means: If Oracle disappoints, expect tech sector weakness.
Primaris REIT Exposes Ties to Hudson’s Bay, Now Facing Creditor Protection
Hudson’s Bay Company has entered restructuring proceedings.
Primaris REIT could face financial headwinds as a result.
🔍 What This Means: This could shake up Canada’s commercial real estate sector, especially for mall operators.
📈 Investing
Stock Market Recap: S&P 500 -3.1%, Nasdaq -3.45%, Dow -2% Last Week
Investors dumped stocks after weak economic data and interest rate concerns.
Growth stocks were hit the hardest.
🔍 What This Means: Volatility remains high—investors may look for safety in bonds or defensive stocks.
GIFT Nifty Down 46 Points, Suggesting Flat Market Open
Early indicators show a cautious trading session ahead.
🔍 What This Means: Uncertainty is keeping traders on the sidelines—expect low-volume trading.
🖥️ Technology
Oracle’s $500 Billion Stargate AI Joint Venture May Be Addressed in Earnings Call
Oracle is rumored to discuss its AI infrastructure plans.
The project is aimed at competing with Nvidia and other cloud providers.
🔍 What This Means: If confirmed, this could be a major shake-up in the AI space.
₿ Cryptocurrency
Bitcoin Crashes 5% to $81,920 After Trump’s Crypto Reserve Order Disappoints
Investors expected more favorable policies from Trump.
Ethereum (-3%) and Solana (-7%) followed Bitcoin’s drop.
🔍 What This Means: The crypto market remains volatile, reacting strongly to regulatory moves.
🛍️ Retail
Hudson’s Bay Files for Creditor Protection
The struggling retailer has officially entered restructuring.
Suppliers and landlords will likely take a hit.
🔍 What This Means: More store closures and layoffs could follow, impacting Canada’s retail sector.
🌍 International News
Israel Cuts Off Electricity to Gaza “Immediately”
The Israeli government made the decision as tensions escalate.
Humanitarian concerns are rising.
🔍 What This Means: The situation could impact geopolitical stability in the region.
Mark Carney Wins Liberal Leadership, Becomes Canada’s Next Prime Minister
Carney, a former central banker, takes over as Liberal leader.
He is expected to focus on economic policy and international trade.
🔍 What This Means: Canada’s economic policies could shift significantly under his leadership.
China Retaliates Against Canada with New Tariffs on Agricultural Goods
China is targeting Canadian exports in response to policy disputes.
🔍 What This Means: Canadian farmers and agribusinesses could feel the impact, potentially raising food prices.
💡 TheYAP.co – Your No-Nonsense Daily Read on Business, Money, Politics & Tech.