AI chips price war started / BYD, TSLA moment / Bessent still pretty clear / 2. April deadline looms / FOMC ce soir
- Stéphan
- Mar 19
- 4 min read
Markets : Germany to spend €1 trillion following historic vote >>> little bit of a buy rumour, and take profit on the news , euro, DAX etc, while on April 2 U.S tariffs will 'take into account' VAT taxes as tariffs - WSJ (a lot of uncertainty till then..and thereafter...this could be huge news) and Trump didn't win anything in Russia, au contraire, so watch him possibly react and go nuts on other stuff, tariffs etc. NVDA down smalls after their big day..(had rallied 5-10pct late last week though in anticipation..). FOMC message most likely 'risk to lower growth and sticky inflation due to tariffs'..
BYD's new charging platform for Tesla is similar to what DeepSeek is for Nvidia..
Brussels seeks to purchase weapons for entire EU
German lawmakers back defense & infrastructure spending plans with 513 out of total 733, clearing the two-thirds threshold required for constitutional changes
Bessent in the same sentence: “Cheap goods are not the American dream… and we want affordability”. You can support cheap affordable overseas goods. Or you can support manufacturing jobs in the U.S. But you can’t support both. Sorry.
Saudi Aramco share price falls to a 5-year low, Investors are fleeing the state-owned company after it slashed its total dividend payments due to low oil prices and production. Aramco shares are down ~50% from their all-time high set in 2022
Europe courts US scientists fleeing Donald Trump crackdown. Cambridge university among institutions seeing chance to hire talent unsettled by US spending cuts >>> #U.Sexceptionalismover
BOFA survey: fastest rotation from US equities to Europe equities on record (data starts in 1999), BoA: Fund managers see largest ever drop in US equity allocation in March
Musk is trying to make our air traffic control system "dependent” on him by integrating his equipment, which has not gone through security and risk-management review. It's corruption. And it's dangerous
US chief justice rebukes Donald Trump after president’s threat to impeach judges
John Roberts issues rare statement to say attacks on judicial branch of government are not ‘appropriate’...If it sounds like a dictator, and looks like one… even Roberts
Amazon Web Services is reportedly offering Trainium-powered servers at just 25% of the cost of Nvidia's H100 chips, aggressively pushing customers toward its in-house AI chips
Xi not happy >>> Chinese authorities are scrutinizing Li Ka-shing's $19 billion Panama port deal for any potential security breaches or antitrust violations
Hard not to get a negative GDP print from April 2nd tariffs given “Goods imports make up 11% of US GDP, and 43% of US imports come from Canada, Mexico, and China. This means that 5% of US GDP is directly impacted by higher tariffs on Canada, Mexico, and China. This is meaningful when annual GDP growth normally is 2%.” Tosten Slok
Little bit of a buy rumour, and take profit on the news , euro, DAX etc
All the bad news in the latest WSJ tariff report:
- VAT taxes will be 'taken into account' in setting tariff rates
-The US considered (then dropped) a three-tier system of tariffs that didn't include any 'no tariff' regions
-Officials are worried the USTR can't handle all the bureaucracy around tariffs
-Officials are worried about legal challenges
-Canadian officials were told tariffs were 'virtually certain'
-In additional to reciprocal tariffs, there will be 25% tariffs on autos, pharma and computer chips among others
this is another big sign!
Friedrich Merz on X: "„Putins Krieg richtet sich nicht nur gegen die Ukraine, sondern auch gegen Europa – gegen unsere Sicherheit und unsere Freiheit. Gegen diese Angriffe werden wir uns mit allem, was uns zu Gebote steht, in den nächsten Jahren und Jahrzehnten zur Wehr setzen.” (tm) #Bundestag https://t.co/UKAo2vIrKB" / X
Trump has completely transformed the Oval Office – with gold ‘everywhere’ | The Independent say no more!
BYD's new 1 MW charging platform marks a tipping point in the EV industry. It can add 400 km (250 miles) on a 5-min charge, almost as fast as filling up a tank of gas. BYD will start by building 4,000 chargers in China. But imagine BYD rolling this out across other countries
Someone had to do it, on day.. Keir Starmer to unveil drastic disability benefit cuts despite opposition | Benefits | The Guardian
Who wants some penne and a house for free ? Another town in Italy will sell more houses for one euro | CNN
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