Wild market swings are good reason to take stock: podcast
Follow on Apple, opens new tab or Spotify, opens new tab. Listen on the Reuters app., opens new tab Read the episode transcript.
Amid the tariff volatility, shares of companies from Burberry to Hasbro have gyrated when reporting financial results. In this Viewsroom podcast, Breakingviews columnists debate why investors are rattled, how CEOs are responding, and whether the listed life looks less appealing.
(The hosts are Reuters Breakingviews columnists. The opinions expressed are their own.)
Further Reading
Big earnings reactions dent public market's appeal
Market turmoil rewrites the lessons of investing: podcast
Market jitters hand IPO wannabes a thorny dilemma
Visit the Thomson Reuters Privacy Statement, opens new tab for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices, opens new tab to opt-out of targeted advertising.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
7 minutes ago
- Reuters
China's factory activity cools in May as US tariffs hit
BEIJING, June 3 (Reuters) - China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. The Caixin/S&P Global manufacturing PMI fell to 48.3 in May from 50.4 in April, missing analysts' expectations in a Reuters poll and marking the first contraction since September last year. It was also the lowest reading in 32 months. The 50-mark separates growth from contraction. The result is broadly in line with China's official PMI released on Saturday that showed factory activity fell for a second month. A federal appeals court temporarily reinstated the most sweeping U.S. tariffs, a day after a trade court ruled that President Donald Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. Two weeks after breakthrough negotiations that resulted in a temporary truce in the trade war between the world's two biggest economies, U.S. Treasury Secretary Scott Bessent said on Thursday the talks are "a bit stalled". China's Premier Li Qiang last week said the country is mulling new policy tools, including some "unconventional measures", which will be launched as the situation evolves. According to the Caixin survey, new export orders shrank for the second straight month in May and at the fastest pace since July 2023. Producers said the U.S. tariffs restrained global demand. That dragged down overall new orders to the lowest since September 2022. Factory output meanwhile contracted for the first time since October 2023. Employment in the manufacturing sector declined at the sharpest pace since the start of this year, as producers cut headcount. Output prices have fallen for six straight months due to intense market competition. In the auto industry, for example, an intensifying price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market. Robin Xing, Chief China Economist at Morgan Stanley, said this underscores how supply-demand imbalances continue to fuel deflation. "There is growing rhetoric about the need for rebalancing, but recent developments suggest the old supply-driven model remains intact. Thus, reflation is likely to remain elusive." Surprisingly, export charges rose for the first time in nine months, marking the fastest growth since July 2024, as companies cited rising logistics costs and tariffs. Overall, business optimism improved in terms of future output, as they expect the trade environment to improve with market expansion.
Daily Mail
11 minutes ago
- Daily Mail
Trump touts Kid Rock's latest Nashville restaurant after ICE raids briefly shut down musician's steakhouse
President Donald Trump endorsed Kid Rock's lastest Nashville restaurant in a Monday night Truth Social post. Trump called attention to 'The Detroit Cowboy,' which uses the slogan, 'Go where you're celebrated, not tolerated.' It opened last month, with Fox & Friends expected to broadcast from the location Tuesday morning as the eatery officially celebrates its grand opening, with Kid Rock in attendance. 'Congratulations to my friend, Kid Rock (I call him Bob!), on the Grand Opening of his new Nashville restaurant, "The Detroit Cowboy,"' Trump wrote. 'I hear it is a very friendly MAGA establishment, and look forward to going there sometime soon.' The president's nod comes after Kid Rock's Big A** Honky Tonk Rock N' Roll Steakhouse closed its kitchen one Saturday night in mid-May when Immigration and Customs Enforcement raids were happening in the area. The Nashville Scene reported that managers instructed employees without legal citizenship to leave the premises at the Kid Rock-branded establishment, along with several other restaurants on Broadway, Nashville's iconic boulevard. Kid Rock's Big A** Honky Tonk Rock N' Roll Steakhouse is owned by conservative Trump supporter Steve Smith. It was unclear if Smith was aware that illegal immigrants were being asked to leave the kitchens of his restaurants to avoid ICE detection. President Donald Trump congratulated Kid Rock on opening a new Nashville restaurant. 'I hear it is a very friendly MAGA establishment, and look forward to going there sometime soon!' Trump wrote Kid Rock, whose real name is Bob Ritchie, started moving into the restaurant industry during Trump's first term. He opened Kid Rock's Made in Detroit at Little Caesars Arena in late 2017. The next year, he expanded to Nashville with the opening of Kid Rock's Big A** Honky Tonk Rock N' Roll Steakhouse. But in 2019, Made in Detroit closed its doors on the heels of Kid Rock making incendiary comments about Oprah Winfrey. At the time, the stadium's owner said that Kid Rock had 'voluntarily decided not to renew' his licensing agreement, according to the Detroit Free Press. The new restaurant, the Detroit Cowboy, is taking over the space of Joe Muer Seafood, a Detroit mainstay that had its first out-of-state location in Nashville. In a post previewing the Detroit Cowboy, Kid Rock hinted that he was still angry about Made in Detroit's closure. 'A small group of very bad people thought they cancelled me and my restaurant in Detroit in 2020,' he wrote. 'All you dumba**es did was hurt the city I LOVE,' Ritchie added. The Instagram post shows Kid Rock with his white cowboy boot up on a table, with a large painted eagle display at his back. Kid Rock has been a strong supporter of Trump's MAGA agenda. He was one of the entertainers at last summer's Republican National Convention and has made several trips to the White House since the president's January swearing-in. Ritchie facilitated an across-the-aisle dinner between Trump and liberal comedian Bill Maher. He also joined Trump in the Oval Office in March as the president signed an executive order to prevent fans from being victims from ticket scalping scams.
Daily Mail
11 minutes ago
- Daily Mail
Twilight star pushes back after being sued for $60K in allegedly unpaid rent
A Twilight star is being sued by his former landlord for months of unpaid rent. Cam Gigandet, 42, who played bad vampire James in Twilight with new dad Robert Pattison and Kirsten Stewart, allegedly owes $60,000 in for rent due between November 2023 and February 2024. A lawsuit filed my Ronald Goldhammer claims the Desert Dawn actor, 42, and his ex-wife Dominique Geisendorff leased the home from him, agreeing to pay $6,650 a month on a one-year lease, according to documents obtained by Goldhammer first claimed in a lawsuit filed in June 2024 that Gigandet, his wife and their three kids had lived in the house, during the disputed period, but had not paid him, and wanted them to pay-up or forfeit the lease. Goldhammer later amended his complaint claiming the couple, who have since divorced, moved out of the house in April 2024. Daily Mail has reached out to Gigandet's representatives for comment. The complaint reads, 'Defendants failed to pay the rent owed, but nevertheless, continued to occupy the [home].' In his response on May 15, Gigandet and his attorneys denied all allegations and said his actions were 'reasonable, lawful and in good faith.' Any damage Goldhammer claims took place on the property, the Love Hurts star's attorneys argued, were caused by a third party or parties, although they did not specify who that might be. '[Goldhammer's] claims are barred, in whole or in part, because the conduct of [Gigandet] was not a substantial factor in bringing about [Goldhammer's] alleged injuries and/or damages, if any, and therefore was not a contributing or proximate cause thereof.' In addition, his lawyer claimed, that his client 'is informed and believes and thereon alleges, he is excused from performance under the agreement alleged in the First Amended Complaint due to the acts, omissions, and/or material breaches of [Goldhammer] with respect to the matters and things alleged in the First Amended Complaint.' Gigandet and Geisendorff finalized their divorce in 2024 and their settlement provides an interesting look into the ups and downs of a journeyman actor such as Gigandet, who works steadily smaller budget projects, according to court papers obtained by He was awarded 100-percent interest in his business, a portion of his pension plan, his checking accounting with $6,380, another account with $280 and all earnings from the date of their separation, listed as May 1, 2022. Geisendorff was awarded her 2016 Range Rover, a checking account with $34, a portion of Cam's pension plan, her clothing collection and various other items. The actor's former landlord claims he and his now ex-wife Dominique Geisendorff did not pay rent on the house they leased from him between November 2023 and February 2024; Pictured in Pasadena, CA in October 2009 The pair will share joint legal and physical custody of their three children; twins Everleigh and Armie, 16, and Rekker, 12. The Shrapnel star agreed to pay spousal support based on his income. He's also required to notify Geisendorff with 'monthly statements of income and shall provide any knowledge of upcoming work to Dominique as soon as possible.' Gigandet has since expanded his family and his responsibilities. He and his partner, Outlander actress Hannah James, welcomed their son Dare in October 2024.
