Dow, S&P Close Higher As GDP Data Shows Economy Contracting
Snap shares fell after the company said some advertisers have curbed their ad spending due to the Trump administration's plans to close a loophole that previously waived tariffs for lower-priced goods. Plus: Meta Platforms’ stock got an after hours bump after it announced strong sales numbers for the first quarter. Charlotte Gartenberg hosts.
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2:51
U.S. Economy Contracts in First Quarter Amid Economic Uncertainty
Plus: U.S. stocks drop after the release of the GDP data. Hiring in the U.S. private sector slowed in April. And the eurozone economy grew at a faster pace than the U.S. for the first time in almost three years. Zoe Kuhlkin hosts.
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2:40
Trade War Starts to Hurt China’s Economy
Plus: Starbucks turns to new technology to help it make coffee orders faster. And Samsung reports strong smartphone sales in its latest earnings update. Luke Vargas hosts.
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2:35
U.S. Stocks Rise as Commerce Secretary Hints at Trade Progress
Plus: S&P 500 ends the first 100 days of Trump’s term with its biggest loss for such a period since 1973. And shares of Ford are up after President Trump says his latest tariff deal will provide automakers some relief. Alex Ossola hosts.
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2:42
In Vivid Video, China Vows to ‘Never Kneel Down’ to the U.S.
Plus, UPS says it will cut 20,000 jobs this year as it reduces the number of packages it ships for Amazon. And General Motors pulls its earlier profit guidance for this year after tariffs have clouded its outlook. Alex Ossola hosts.
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