Stocks Soar on Temporary Tariff Cuts

MRKT Matrix - Monday, May 12th Dow surges more than 1,100 points after China and U.S. agree to temporary tariff cuts (CNBC) Treasury Secretary Bessent says he’s likely to meet with China again in ‘next few weeks’ to work on bigger agreement (CNBC) Expect China to help Trump on fentanyl, TikTok and midterm elections, says Evercore ISI strategist (CNBC) Traders See Fed Cutting Rates Just Twice in 2025 on Cooling Trade War (Bloomberg) Trump Wants Medicare to Pay Less Than Foreign Countries for Drugs (Bloomberg) Rest of Year Isn’t Looking Good for Retail-Property Market (WSJ) Apple Considers Raising iPhone Prices, Without Blaming Tariffs (WSJ) Perplexity AI wrapping talks to raise $500 million at $14 billion valuation (CNBC) SoftBank Stargate Venture With OpenAI Hits Snags on Tariff Fears (⁠Bloomberg⁠) --- Subscribe to our newsletter: ⁠https://riskreversalmedia.beehiiv.com/subscribe⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs