Latest news with #RamzanKarmali
Yahoo
2 days ago
- Automotive
- Yahoo
Stellantis expects $2.7B loss partly from tariffs: What to know
Stellantis (STLA) expects a net loss of $2.7 billion for the first half of 2025, due partially to the effects of tariffs. Yahoo Finance's Ramzan Karmali, who hosts Morning Brief: Market Sunrise, joins Market Catalysts with Julie Hyman to discuss the details. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Stellantis expects to swing to a net loss of $2.7 billion for the first half of the year due to pre-tax net charges and the effects of tariffs. Here with more context is the host of Market Sunrise, Ramzan Kamal. Ramzan, what's going on here? I mean, we've heard from the various European automakers and they're a little bit all over the map with the sort of reaction to tariffs and how they're handling all of it. Yes, so it's interesting, you know, don't forget Stellantis is the fourth largest car maker in the whole world. It's responsible for 14 brands. You know, probably know them for Chrysler and Dodge and Ram. And this loss of $2.7 billion, on the face of it, looks pretty bad, but it looks even worse if you compare it to the same period last year. Last year, it was actually making, for the same period, a profit of $6.5 billion roughly. So this number is pretty dramatic. They say that about $350 million is down to the tariffs, but it's also facing some huge charges. For instance, it's decided to pull out of making hydrogen cars and that's cost it money. But also it's facing charges of around, in total, around $3.85 billion, and that's also to do with new EU regulations on carbon emissions as well. Its light vehicles, commercial light vehicles have been pretty slow at changing over to being battery-only, battery-only engines. So that's really hurt it as well. So the business itself is also going through a bit of an upheaval as well, it's fair to say. You might remember Carlos Tavares who was the CEO for four years roughly. He quit suddenly in December. For four months, they didn't have a permanent CEO. It was an interim CEO and the actual current CEO only started in April. He was the boss of the North America division, Antonio Filosi, and he is being charged basically with turning the business around and resetting the on switch for Stellantis. Ramzan, all of that sounds like an uphill battle. Um and yet the shares are higher at the moment. What's going on there? So the shares in, so, well, for instance, Stellantis has shares listed not just in New York, but also in Milan and Paris as well. In Milan, in early trade, they were down over 4% at one point. They've recovered there. In the US, you can see they're up now around over 2%, but they were down in pre-market quite heavily as well. What's going on here is I think that maybe there might have been an overreaction perhaps at the start when they saw this big loss, but analysts also point out that actually Stellantis, compared to its rivals, is quite well positioned in North America. And North America is clearly the problem area for a lot of these European car makers, but Stellantis is quite well positioned because it has a lot of production in the US and it's pretty compliant in terms of tariffs with Mexico and Canada as well. And so I think that probably may be outweighing some of the doom and gloom that we may have heard earlier. Right. And also, context here, the shares are down 28% this year, at least the US shares, even with the little bit of a bump today. Ramzan, thank you so much, appreciate it. Exactly. Related Videos Why so many companies are trying to become banks Trump's tariffs: Lutnick reaffirms Aug 1 'hard deadline' Trump's 'hard deadline,' the case for Powell, Stellantis: 3 Things IPO outlook: Why you can expect 'more activity' this fall Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Nvida hits $4T market cap, who is next?
Nvidia (NVDA) became the first publicly traded company with a market capitalization of over $4 trillion. Ramzan Karmali examines who could follow in the AI chipmaker's historic footsteps. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. So, let's take a look at what's moving markets. Well, on Wednesday, Nvidia led a tech fueled rally that saw the AI company leap to become the world's first $4 trillion public company. The chipmaker has already surpassed Apple's $3.92 trillion valuation it reached last December. And Nvidia's rise to a $4 trillion company has had implications in the markets in Asia today. Tech stocks there also rose sharply. In fact, since early May, Nvidia's share price is up more than 40%. That coincides with when President Trump first signaled a thaw in his trade war with China and Nvidia struck a series of multi-billion dollar deals in the Middle East. The stock's recent rally follows a sluggish start to the year when the emergence of Chinese discount AI model developed by Deepseek shook confidence linked to the sector. Nvidia's soaring market value underscores Wall Street's confidence in the rapid growth of AI, with the company's high-performance chips forming the backbone of this technological advance. Optimism around trade partners reaching deals with the US has recently lifted stocks with the S&P 500 hitting an all-time high. Nvidia accounts for 7.3% of the index, with Apple at 7% and Microsoft at 6%. Microsoft is actually the second most valuable US company worth $3.74 trillion. In fact, Nvidia is now worth more than the combined value of the Canadian and Mexican stock markets. But one note of caution, perhaps, while Nvidia's chips dominate the AI industry, the likes of Amazon, Microsoft and Alphabet have faced pressure from investors to rein in heavy AI spending. And while Microsoft keeps inching closer to that coveted $4 trillion mark, other behemoths in the MAG 7 like Tesla and Apple have actually been trending down lately. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
How commodity traders are cashing in on Trump's copper tariffs
American copper (HG=F) is on the move following President Trump's 50% tariff. Ramzan Karmali takes a closer look at the recent moves. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. Now, it's time for our call of the day. And we're looking at copper. So, President Trump's announcement earlier this week of a 50% tariff on copper, well, it's seen a trade opportunity arise that many commodity traders are certainly taking advantage of. Huge quantities of copper are being brought to the US by the likes of Trafigura, Mercuria, Glencore, and IXM before August the 1st. That's when the tariff kicks in. Now, US copper prices, you can see there, they surged 13% in the minutes after the announcement on Tuesday was made. And are now roughly 28% higher than prices on the London Metal Exchange. Traders are effectively buying the metal in London, shipping it to the US, and then selling it at the US Comex price there. But the window to take advantage of this is likely to be closing pretty soon as that deadline approaches. So, perhaps the focus should shift to US copper miners. The largest one out there is Freeport-McMoRan. It has exposure to Nevada's newly expanded Resolution copper mine. Its share price has risen around 40% since the start of April, up around 24% for the year. Now, it's also worth noting that the FTSE 100 in London hit a record high yesterday. And guess what? It was boosted by mining stocks because they're listed on there. And that all comes about as iron ore, aluminum, and nickel prices all rally too. So, I tell you this, this area of commodities is definitely one to keep an eye on. Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Trump tariff threats heat up, currency trade, bitcoin's highs: 3 Things
Ahead of the opening bell, Ramzan Karmali outline three stories Wall Street is watching on Friday, July 11. US stock futures (ES=F, NQ=F, YM=F) slide after President Trump threatened a 35% tariff on imports from Canada as well as a 15% to 20% base tariff for most trading partners. Amid trade talks, the US dollar (DX=F) is in focus as the Canadian dollar (6C=F) and the euro (6E=F) stumble. Bitcoin (BTC-USD) is trading at record highs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. Well, let's kick off the things you need to know before the opening bell rings by taking a look at the futures board. And as you can see, it's a sea of red across the board. Why? Well, last night there was more evidence that President Trump is pushing through with his tariff agenda. He announced a 35% tariff on Canada. He also said that countries that hadn't received a letter from him yet should expect a tariff rate of between 15 and 20%. Well, the president cited the lack of big adverse market reaction to the latest round of tariffs. That's after US equities closed at record highs on Thursday. The attention now turns to the European Union. President Trump warned EU nations to expect a tariff announcement targeted targeting the block as soon as today. Now remember, the EU has signaled it's willing to accept a 10% universal tariff, but is seeking some exemptions. Now, the second thing to be aware of is the rise in the value of the dollar. At one point after the trade announcement last night, the Canadian dollar fell as much as 0.6% against the greenback. It paired back some of those losses now. However, the euro also slipped and is heading for a weekly decline of about 0.9%. Also supporting the dollar was were data suggesting labor market resilience and minutes from the Fed's latest policy meeting that tempered market rate cut expectations. But remember, the dollar index is down around 9% this year on worries that the data could soon reflect more widely the damage recent policy decisions are having on the world's largest economy. And the final thing to know about is Bitcoin. It hit another record high, $118,407.96. It wasn't the only cryptocurrency to have a stellar day. Ethereum jumped 5.7%. Now, the new record possibly reflects that investors are willing to take on more risk, even in the face of more tariff announcements. There may also be growing optimism over future legislative proposals, as Yahoo Finances Ines Ferre explains. Now, anything that is, uh, sort of crypto related, especially when it comes to, um, Bitcoin, um, has been on fire, uh, this year. Uh, Robin Hood, Coinbase, uh, anything that has crypto, uh, uh, trading. So look, um, Bitcoin has been trading within this range of 10,000, uh, over the last couple of months. And and what analysts have been pointing out is it's becoming a less and less volatile asset. So this is certainly bullish, uh, for the asset. Uh, you also have, of course, uh, all the developments that have been happening with stable coin as well. That has been very big and the tokenization of stocks. That's been, that's going to be huge for the crypto industry as a whole. I'm looking forward to next week as well because, uh, Congress is going to have sort sort of what's been dubbed the crypto week where they will be taking a look at three different bills, the, uh, Genius Act being one of them, which is at the house now after it was passed in the Senate. So that'll be interesting to see if this is the next catalyst that moves Bitcoin higher. Sign in to access your portfolio
Yahoo
09-07-2025
- Business
- Yahoo
3 reasons Cisco's president says CEOs aren't ready for AI
Cisco (CSCO) president and chief product officer Jeetu Patel sits down with Morning Brief Market Sunrise Host Ramzan Karmali to discuss the challenges companies and workforces face transitioning to the AI era. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. Now recently I spoke to the Secretary General of the OECD, and I asked him whether, you know, AI was here to take away our jobs. What do you say to that question? You know, I I I hear that a lot these days, and the my advice over there is, I actually personally worry less about AI taking people's jobs, and I worry more about people that use AI well, uh, that can get the job done better than the folks that are doing it taking those jobs. And so, in my mind, I think it's, um, it's very important for people to actually not sit on the sidelines and start experimenting and get dextrous with the use of AI, because I think there's only going to be two kinds of companies in the world. There's going to be companies that are very skilled with the use of AI, and then there are going to be companies that are going to struggle for relevance. And you want to have more and more of the companies in the first category than the second. Hopefully, we can help with that. Uh, you know, it was interesting, we've done some studies, um, recently with CEOs of companies, and about 97% of the companies, their CEOs are optimistic about the future of AI, but only 1.7% of them feel prepared. So then you ask the question, why that dissonance? And there's three things that come up: is the infrastructure available and ready so that people can make the most use of AI, that's number one; number two is this notion of safety and security, can I trust this system so I feel comfortable using it. For the first time in history, security has become a prerequisite and an accelerant for the adoption of AI. That has not been the case in the past. In the past, you either picked security or you picked productivity. It was one or the other, right? And then the third one is a skill shortage. And so right now, while people think that jobs are going away, right now there's such a huge demand for people that actually are dextrous with the use of AI uh to be hired. So in um in my opinion, jumping in and actually learning about AI is a much better strategy than worrying about whether or not it's going to take your job away. But as a company that cares quite a lot about cyber security, as you've mentioned, how can we be secure that these machines won't, um, put our safety at risk, our security at risk, our data at risk? Yep. It's actually a great question. So one of the things to keep in mind is the application architecture on how applications got built over the past 20 years is fundamentally changing because you used to have an infrastructure layer, a data layer, and a business logic layer. Now you've kind of inserted this new layer called the models. Now, what is interesting about models, and what's the core characteristic of a model? It's non-deterministic, which means it's unpredictable by nature. Sometimes it hallucinates. Hallucination can be a feature in certain aspects, it can be a bug in the other. If you're writing poetry, it's fantastic. If you're actually going out and trying to make sure that you, uh, do cyber security, it's a really bad thing for hallucination to happen. And so what we have done is provided capabilities to be able to do three things: figure out what data is flowing into these systems, into these models, um, and then number two, provide validation for these models, because these models need to get, um, you know, kind of validated on whether or not they're going to behave as predictably as you're expecting them to behave. And so what you want to do is you want to make sure that you determine when this model can be jailbroken. Jailbroken being another word for, is it behaving in ways that are different from what you expected to behave? And then provide runtime enforcement of guard rails so that any application developer doesn't have to think about building a full cyber security stack. You have a common substrate of security across all models, all agents, all applications that are getting built. And that's what we've actually built at Cisco. So we've built this kind of capability to protect, uh, the models and secure AI itself. And if we can do this in the right way, there's there's magic that can start happening because what you do is you you allow people to trust these systems so that they feel comfortable to use them. Today, one of the big deficits in these systems is people just feel nervous using them because they don't know what's going to happen to them. And so that's what we're trying to do, is if you can democratize the use of AI by making them safe and secure, you can start solving problems that we had never imagined solving before. I mean, imagine if you had a different set of original insights that were, you know, derived from AI that could allow you to solve cancer. Now, do you think this is why investors seem to like what they're hearing from Cisco? I mean, I've seen the stock's up around a fifth in the last three months. Is that is it all down to, uh, you know, your your move into, you know, really trying to get into all areas of AI? I think our the the thing that people are starting to see is Cisco is the critical infrastructure provider for the AI movement. And if you think about the amount of money over the course of the next few years that's going to be spent on AI, trillions of dollars will be spent in building out this data center capacity because the data centers of yesterday just don't work to go out and fulfill the needs of the data centers that are needed for the AI movement. So you're going to need to have a whole new, uh, infrastructure that gets built out. And Cisco's technology is central to that infrastructure getting built out because like we talked about, there's three constraints: power, compute, and network bandwidth, along with a trust deficit that has to actually get bridged. And so the network bandwidth and the trust deficit, um, are two things that we actually work very closely with, and we partner with companies like Nvidia and AMD and provide the compute servers as well. And so you can start, and then we provide efficiency in our gear for for power so that every kilowatt of power that can be saved, uh, in our devices can actually go towards the GPUs which tend to be power hungry. So all of those things tell you that security is going to be a very, very critical infrastructure provider for the AI era. So you talked about your partnerships there with AMD and Nvidia. Have you got any new exclusive partnerships you want to reveal here? Uh, so we've actually got, you know, partnerships with, uh, OpenAI, we've got partnerships with, um, you know, Anthropic. I mean, there's there's a continued, uh, set of vendors that are out in the market that are continuing to have these partnerships. And, um, I would say that today we are in the second major phase of AI, which is agenti. Very soon, we'll also have physical AI, which is the robotic side that'll come up, and you should I I haven't said this anywhere else, but you should stay tuned on what Cisco is going to do in that side as well. So we've got to keep an eye on robotics. Keep an eye on robotics, keep an eye on the things that we might be able to do with robotics as, um, these models get more sophisticated to accommodate physical AI. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
