Morning Sales Call
June 3rd, 2025
Good thing we are starting a tariff write up. US President Donald Trump is pushing all counties to give the US their best offer by tomorrow to accelerate negotiations. As someone in Fantasy Baseball and Fantasy Football leagues, simple throwing in the group chat “who’s looking to trade’ rarely gets you anything good.
In totally unrelated news, the OECD (Organization for Economic Co-operation & Development) has lowered its global outlook with growth slowing more than expected.
Futures tied to Canada's main stock index fell, mirroring Wall Street futures, as erratic U.S. trade policies weighed on investor sentiment across the board. The U.S. dollar weakened further. European shares dropped, dragged down by economically-sensitive bank and mining stocks. Japanese shares erased the day’s gains in the final minute of trading as tariff jitters continued to batter markets globally. Market uncertainty seems to have pushed people to bonds as rates are down. The safe-haven gold dropped on profit taking and investor caution. Meanwhile, oil prices were little changed amid focus on Russia-Ukraine war and possibilities of an Iran nuclear deal.
Company/Sector Specific News
Nvidia: The Trump administrations banning the export of certain high end Chips and other chip related materials is set to cost Nvidia almost $8,000,000,000 a quarter
Mattel Inc: The toy maker is combining its film and television units to form Mattel Studios, it said on Monday, as the company seeks to produce entertainment driven by its brands and potentially repeat the commercial success of the "Barbie" movie
Self Driving Cars: Waymo, the self driving car company backed by Google, has surpassed Lyft in gross bookings in San Francisco in only 24 months and is on track to surpass Uber in another 12-18 months. Self driving cars is fundamental component to Tesla’s next growth strategy and has long been seen as a keystone for Ubers next wave of growth despite its use being very restricted to only a handful of cities in the U.S..
Taiwan Semiconductor Manufacturing Co Ltd: The world's largest contract chipmaker said that U.S. tariffs were having some impact on the company and had been discussed with Washington, but demand for artificial intelligence (AI) remains strong and continues to outpace supply. U.S. President Donald Trump's trade policies have created much uncertainty for the global chip industry and TSMC. Chief Executive C.C. Wei said.
Tesla Inc: The electric vehicle maker's Model 3 and Model Y vehicles entered the list of 124 electric vehicle and hybrid models in a Chinese government-backed campaign to promote sales in rural areas, the industry ministry statement on Tuesday. [Editors note – there are 124 different EV models in the world?!]
Toyota Motor Corp: An unlisted real estate company chaired by Toyota Chairman Akio Toyoda will offer $26 billion to take Toyota Industries, a maker of forklifts and engines, batteries and converters, off the market. Previous media reports indicated the deal would likely happen at around $42 billion, a 62% premium to the actual offer price. Separately, Toyota said it plans to buy back its own shares from Toyota Industries
Chart(s) of the day
The US GDP is 2% lawsuits…. also look out personal injury lawyers OnlyFans billbaords are coming