Stocks Sink As Trump Halts China Chip Sales

MRKT Matrix - Wednesday, May 28th Dow closes more than 200 points lower Wednesday ahead of Nvidia earnings (CNBC) Trump orders US chip designers to stop selling to China ⁠(FT)⁠ Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show (CNBC) Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling (Bloomberg) Japan Bonds Draw Weak Demand as Rise in Superlong Yields Sparks Concern (⁠WSJ⁠) Trump Bristles at ‘TACO Trade’ That Bets On Him Backing Down (Bloomberg) Musk Says He’s ‘Disappointed’ That Trump Tax Bill Raises Deficit (Bloomberg) GM Invests in V-8 Engines as It Backpedals on EVs (⁠⁠WSJ⁠⁠) Luxury Brands Are Paying for Over-the-Top Price Hikes (⁠WSJ⁠ Dick’s Sporting Goods stands by full-year guidance - even with tariff looming (CNBC) Macy’s cuts profit outlook as tariffs, promotions hit its business (CNBC) Abercrombie & Fitch soars more than 15% even as retailer slashes profit outlook due to tariffs (CNBC) --- 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