cover of episode What’s News in Markets: Disney Shines, Cleveland-Cliffs Slides, Boeing Climbs

What’s News in Markets: Disney Shines, Cleveland-Cliffs Slides, Boeing Climbs

2025/5/10
logo of podcast WSJ What’s News

WSJ What’s News

AI Deep Dive AI Chapters Transcript
People
F
Francesca Fontana
一名在《华尔街_journal》工作的记者和作家,专注于金融市场新闻和女性在工作场所的主题。
Topics
Francesca Fontana: 本周股市先抑后扬,周一受贸易摩擦影响,标普500指数和道琼斯指数均终结了为期九天的涨势。投资者对贸易摩擦的担忧挥之不去,特朗普总统与加拿大总理的会晤以及贸易协议的承诺并未缓解这些担忧。 周三,美联储维持利率不变,股市出现反弹。周四,美英贸易协议的达成进一步提振了市场,其中波音公司受益匪浅。但总的来说,三大股指本周均小幅下跌。 迪士尼公司宣布将在阿布扎比建设第七个全球主题公园,并公布了强劲的季度盈利,其美国主题公园游客数量和消费支出均有所增加,这推动了公司股价上涨。迪士尼的主题公园和邮轮业务带动了其流媒体平台、电影和电视工作室等其他业务的增长,但该公司仍面临着有线电视下滑、票房表现不佳以及特朗普政府可能征收高额关税等挑战。迪士尼股价周三上涨11%,本周累计上涨约15%。 另一方面,美国主要钢铁制造商克利夫兰-克利夫斯公司由于第一季度亏损扩大、营收下降,宣布将暂停或放缓六家工厂的运营,这将影响约2000个工作岗位,并为公司每年节省约3亿美元的成本。此前,钢铁价格曾因客户在特朗普政府对进口金属征收关税之前囤积钢铁而上涨,但目前涨势已停滞,买家在不确定的美国经济环境下推迟了大额订单。克利夫兰-克利夫斯公司股价周四暴跌16%,本周累计下跌超过20%。 美英贸易协议的达成对波音公司构成利好。美国商务部长霍华德·卢特尼克宣布,一家英国航空公司将购买价值100亿美元的波音飞机。作为交换,美国将取消对英国钢铁和汽车的关税。英国航空公司母公司IAG随后证实,已订购32架波音飞机。波音公司股价周四上涨3.3%,本周累计上涨5.1%。

Deep Dive

Shownotes Transcript

Translations:
中文

Isn't home where we all want to be? Reba here for Realtor.com, the pros number one most trusted app. Finding a home is like dating. You're searching for the one. With over 500,000 new listings every month, you can find the one today.

Download the Realtor.com app because you're nearly home. Make it real with Realtor.com. Pro's number one most trusted app based on August 2024 proprietary survey. Over 500,000 new listings every month based on average new for sale and rental listings. February 2024 through January 2025. Hey listeners, it's Saturday, May 10th. I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets. Our look at the biggest stock moves of the week and the news that drove them. Let's get to it.

The stock market started this week pretty gloomy, as the S&P 500 and the Dow both snapped nine-day winning streaks on Monday. Trade jitters, of course, continued to be at play for investors, and those jitters weren't calmed by President Trump's meeting with Canada's prime minister or promises of trade deals.

But things turned around on Wednesday as the Federal Reserve held rates steady. And we got a nice rally on Thursday on the announcement of a trade pact between the U.S. and the U.K., which had some good news in it for Boeing, but more on that later. All in all, though, all three major indexes ended the week slightly lower.

First up, let's talk Disney. The entertainment company announced plans for a new theme park, and investors were certainly celebrating. Disney said that its new park, which will be its seventh global park, will be built in Abu Dhabi. So it's expanding its lucrative experiences business into a new market. The company also posted strong earnings, saying that its U.S. theme parks attracted more guests and higher spending from visitors in the latest quarter.

Disney's Experiences unit, which is the home of its theme parks and cruises, has helped boost its other businesses, including its streaming platforms and its film and TV studios. And those areas, at Disney and at its rivals, have an array of issues that they're facing, like declining cable TV and underperformance at the box office. And, of course, a new threat has also emerged. President Trump's recent comments calling for 100% tariffs on films produced outside the U.S.

So how'd the stock do on Wednesday? Well, Disney shares jumped 11%, making it the best performer in the Dow that day. And on the week, the stock gained about 15%. ♪

Now let's talk steel. Of course, as we've seen, President Trump has been trying to build up American steel demand with tariffs on foreign metal.

Meanwhile, as we learned this week, one of the major U.S. steelmakers is shrinking. Cleveland Cliffs on Wednesday said it will pause or slow operations at six plants after posting a wider first quarter loss and lower revenue. These production cuts and changes in its operations are expected to affect about 2,000 jobs and save the company some $300 million a year. Now, the future for steel demand in the U.S., it seems, is still unclear.

Steel prices climbed as customers were buying up steel ahead of Trump's tariffs on imported metal. But now that rally has stalled, and buyers are holding off on placing big orders in an uncertain U.S. economy. Cleveland Cliff shares ended up plummeting 16 percent on Thursday and on a weekly basis lost more than 20 percent.

And we finally got a big trade deal development this week, with the U.S.-U.K. agreement announced on Thursday. And, like I said earlier, it contained good news for Boeing. Ten billion dollars worth of good news, you might say.

Because during the announcement, Commerce Secretary Howard Lutnick said a British airline would buy $10 billion worth of Boeing planes. And in exchange for the UK buying these jets as well as doing other things like cutting tariffs on some U.S. beef imports, the Trump administration agreed to roll back tariffs imposed on British steel and cars. And we got more specifics on Friday when British Airways owner IAG said it's ordered 32 Boeing planes.

So after making some smaller moves in both directions earlier in the week, Boeing shares gained 3.3% on Thursday and notched a weekly gain of 5.1%.

And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section. Today's show was produced by Zoe Kolkin and Pierre Bien-Aimé with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and I will see you next Saturday.