May 12, 2025 • 5 mins
The new tariff rate for US goods imported to China is 10% and for Chinese goods into the US is 30%.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Brian Musho podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be to visit Braymanmotorcars dot com Facts, Integrity and trust.
This is the Brian mud Show.
Speaker 2 (00:19):
Hello, can stocks and cryptocurrencies go on this Monday.
Speaker 1 (00:23):
My first role money is never.
Speaker 3 (00:25):
Let your money in emotions cross paths.
Speaker 1 (00:27):
Unless you want less of it.
Speaker 2 (00:28):
If you want less of it, you do that because
if you let your emotions get in the way, what
were you doing after Liberation Day and ever all the
panic selling and everything, you probably would have been part
of that. You probably would have been part of the
people going I can't. I don't like this at all.
I'm scared boom. So what was I telling you to
do by historic buying opportunity? I was emphatic about that
(00:49):
for the better point of a week. What's happened. If
you did, You're a puge. You're welcome. And again this
is why my first role money is my first of money.
So you are ready to take advantage of the opportunities
when they present themselves.
Speaker 1 (01:06):
You are not the reason that there are opportunities.
Speaker 2 (01:09):
That's what we do around here. I want you to
be able to take advantage of the greatest wealth creation
machine in the history of the world, which is your
United States stock market. And man, I mean there's some
kind of good news coming out of this weekend. Before
we get started, here is the biggest news pertaining to
the stock market. Specifically, as we get started, Fox's Jonathan Savage.
Speaker 4 (01:31):
Trade taxes will be slashed as a result of this
deal between the United States and China. Treasury Secretary Scott
Besence says it starts with a ninety day pause and
a substantial drop in the levels of reciprocal tariffs both sides.
Speaker 3 (01:45):
On the reciprocal tariffs, we'll move their terriffs down one
hundred and fifteen percent.
Speaker 1 (01:50):
Pretty big.
Speaker 2 (01:51):
So yeah, that happened about one o'clock this morning our time,
massive ninety day trade deal with China. More here on
than momentary. We are set for a huge start to
this week. But let's start by talking about where we
left last week. Gains were just under one percent for
the Doubt, the s and P five hundred nasek on
the year. Now Doubt is only three percent lower coming
(02:13):
into today SMP five hundred and four percent off NASEK
seven percent, and we had first the announcement of the
major trade deal with England de late last week, and
then the word that more were on their way over
the weekend. We get this China a ninety day, one
hundred and fifteen percent reduction. The new tariff freight for
(02:35):
US goods imported to China is only ten percent, for
Chinese good goods into the United States is thirty percent.
We're also near the conclusion of what has been a
terrific earnings reporting season for Corporate America. So market movement
will continue to be headline driven this week, trade front
and center. More on the implications here momentarily, So earnings.
(03:00):
About that for a second, because entering today, ninety percent
of companies have reported earnings. It's been a phenomenal story.
Average earnings growth has paced thirteen point four percent year
every year, much better than the seven point two percent expected,
almost double. So the growth rate the best it's been
during the reporting season, which means that earnings have just
continued to get better as companies have reported. And so
(03:22):
there is a lot lot of momentum entering the second
quarter that we're in and you take a look, this
all bit guarantees a resumption of economic growth for the
US economy. Lots of good stuff there as for cruptos.
Digital currencies followed the best week of the year in
the previous week with an even better one last week,
highlighted by Bitcoin searching back above one hundred thousand dollars
(03:45):
as a new bull market breakout has been pushing the
leader towards all time highs. We saw big gains across
the board, Bitcoin up eight percent last week, now eleven
percent higher on the year, Ether thirty eight percent higher
last week. But you see for the year it hasn't
performed nearly as well as Bitcoin off twenty five percent.
(04:05):
Still is either for the year. Bill yztf to represents
the top ten cryptos of twelve percent. It is five
percent lower on the year. Now, I cannot value cryptos
because they have no inherent value. Stocks I can because
they do. And there is great news here because the
earnings have continued to get better and better and better.
If only fundamentals and nothing else mattered, your absolutely downside
risk is forty percent from where we sit right now.
(04:27):
That is three percent less risk, even though stacks were
hired last week. Because fundamentals improved far faster than stock prices.
We've seen that price improvement has been about eight percent
over where we started this correction cycle. So do I
think we're going to get a forty percent sell off
from here? No?
Speaker 1 (04:46):
Is it possible in theory.
Speaker 2 (04:48):
Let's just say it happened. If it wouldn't negatively impact
your daily life, you're probably in good shape. If it would,
you need a new plan and if necessarily a pro
to help you with it. By the way, stock market
futures off to the rice is future. There is one
thousand points higher right now. We've got gains anywhere from
two to four percent with the major indexes right now.
So I mean the China trade news, all the good
(05:09):
news coming out of the weekend should be a phenomenal day.
Speaker 3 (05:12):
All right, it's Florida headlines. Good morning, what ride to work?
All this heavy rain could cause flooding today as well.
National Weather Service with a floodwatch in effect for Palm
Beach and Broward Counties. And that's through tomorrow morning. Back
to work in Tallahassee for state lawmakers trying to work
out a budget after the Tenative deal blew up. Governor
d Santa says the sessions already in overtime, and it's
the only job that they're required to do. No word
(05:34):
yet on how long the session could go. Lawmakers have
approved a resolution extending it until June sixth, but the
House may try to extend it until late next month.
If they do, they'd have to pass a budget by
June twenty seventh and vote on it June thirtieth. State
law requires a seventy two hour public review period before
the final okay. That new budget must be in effect
by July first. Brian
The Brian Musho podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be to visit Braymanmotorcars dot com Facts, Integrity and trust.
This is the Brian mud Show.
Speaker 2 (00:19):
Hello, can stocks and cryptocurrencies go on this Monday.
Speaker 1 (00:23):
My first role money is never.
Speaker 3 (00:25):
Let your money in emotions cross paths.
Speaker 1 (00:27):
Unless you want less of it.
Speaker 2 (00:28):
If you want less of it, you do that because
if you let your emotions get in the way, what
were you doing after Liberation Day and ever all the
panic selling and everything, you probably would have been part
of that. You probably would have been part of the
people going I can't. I don't like this at all.
I'm scared boom. So what was I telling you to
do by historic buying opportunity? I was emphatic about that
(00:49):
for the better point of a week. What's happened. If
you did, You're a puge. You're welcome. And again this
is why my first role money is my first of money.
So you are ready to take advantage of the opportunities
when they present themselves.
Speaker 1 (01:06):
You are not the reason that there are opportunities.
Speaker 2 (01:09):
That's what we do around here. I want you to
be able to take advantage of the greatest wealth creation
machine in the history of the world, which is your
United States stock market. And man, I mean there's some
kind of good news coming out of this weekend. Before
we get started, here is the biggest news pertaining to
the stock market. Specifically, as we get started, Fox's Jonathan Savage.
Speaker 4 (01:31):
Trade taxes will be slashed as a result of this
deal between the United States and China. Treasury Secretary Scott
Besence says it starts with a ninety day pause and
a substantial drop in the levels of reciprocal tariffs both sides.
Speaker 3 (01:45):
On the reciprocal tariffs, we'll move their terriffs down one
hundred and fifteen percent.
Speaker 1 (01:50):
Pretty big.
Speaker 2 (01:51):
So yeah, that happened about one o'clock this morning our time,
massive ninety day trade deal with China. More here on
than momentary. We are set for a huge start to
this week. But let's start by talking about where we
left last week. Gains were just under one percent for
the Doubt, the s and P five hundred nasek on
the year. Now Doubt is only three percent lower coming
(02:13):
into today SMP five hundred and four percent off NASEK
seven percent, and we had first the announcement of the
major trade deal with England de late last week, and
then the word that more were on their way over
the weekend. We get this China a ninety day, one
hundred and fifteen percent reduction. The new tariff freight for
(02:35):
US goods imported to China is only ten percent, for
Chinese good goods into the United States is thirty percent.
We're also near the conclusion of what has been a
terrific earnings reporting season for Corporate America. So market movement
will continue to be headline driven this week, trade front
and center. More on the implications here momentarily, So earnings.
(03:00):
About that for a second, because entering today, ninety percent
of companies have reported earnings. It's been a phenomenal story.
Average earnings growth has paced thirteen point four percent year
every year, much better than the seven point two percent expected,
almost double. So the growth rate the best it's been
during the reporting season, which means that earnings have just
continued to get better as companies have reported. And so
(03:22):
there is a lot lot of momentum entering the second
quarter that we're in and you take a look, this
all bit guarantees a resumption of economic growth for the
US economy. Lots of good stuff there as for cruptos.
Digital currencies followed the best week of the year in
the previous week with an even better one last week,
highlighted by Bitcoin searching back above one hundred thousand dollars
(03:45):
as a new bull market breakout has been pushing the
leader towards all time highs. We saw big gains across
the board, Bitcoin up eight percent last week, now eleven
percent higher on the year, Ether thirty eight percent higher
last week. But you see for the year it hasn't
performed nearly as well as Bitcoin off twenty five percent.
(04:05):
Still is either for the year. Bill yztf to represents
the top ten cryptos of twelve percent. It is five
percent lower on the year. Now, I cannot value cryptos
because they have no inherent value. Stocks I can because
they do. And there is great news here because the
earnings have continued to get better and better and better.
If only fundamentals and nothing else mattered, your absolutely downside
risk is forty percent from where we sit right now.
(04:27):
That is three percent less risk, even though stacks were
hired last week. Because fundamentals improved far faster than stock prices.
We've seen that price improvement has been about eight percent
over where we started this correction cycle. So do I
think we're going to get a forty percent sell off
from here? No?
Speaker 1 (04:46):
Is it possible in theory.
Speaker 2 (04:48):
Let's just say it happened. If it wouldn't negatively impact
your daily life, you're probably in good shape. If it would,
you need a new plan and if necessarily a pro
to help you with it. By the way, stock market
futures off to the rice is future. There is one
thousand points higher right now. We've got gains anywhere from
two to four percent with the major indexes right now.
So I mean the China trade news, all the good
(05:09):
news coming out of the weekend should be a phenomenal day.
Speaker 3 (05:12):
All right, it's Florida headlines. Good morning, what ride to work?
All this heavy rain could cause flooding today as well.
National Weather Service with a floodwatch in effect for Palm
Beach and Broward Counties. And that's through tomorrow morning. Back
to work in Tallahassee for state lawmakers trying to work
out a budget after the Tenative deal blew up. Governor
d Santa says the sessions already in overtime, and it's
the only job that they're required to do. No word
(05:34):
yet on how long the session could go. Lawmakers have
approved a resolution extending it until June sixth, but the
House may try to extend it until late next month.
If they do, they'd have to pass a budget by
June twenty seventh and vote on it June thirtieth. State
law requires a seventy two hour public review period before
the final okay. That new budget must be in effect
by July first. Brian
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