MRKT Matrix

Stocks Soar on Temporary Tariff Cuts

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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)


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    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


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