markets

Luke Kawa8/4/25

American Eagle spikes after Donald Trump says its Sydney Sweeney ad is the “HOTTEST” out there

Making products political is among the last thing management teams want (see: “Republicans buy sneakers too”), but American Eagle’s latest campaign has entered the public discourse in a major way since launch, leading the apparel maker to pull one of the ads from its social media channels.

Even so, I doubt American Eagle executives are bothered by their ad campaign with Sydney Sweeney receiving full-throated praise from none other than US President Donald Trump.

Trump Truth post on Sydney Sweeney

The stock surged following the launch of the retailer’s campaign featuring Sweeney amid a wave of retail buying, and conservative media outlets subsequently hit back at criticism of the ad campaign.

Now, the president looks to have spurred another buying spree. Shares are up nearly 16% as of 10:55 a.m. ET on volumes already 70% higher than their full-day average over the past month. Call volumes have topped 58,000 versus a full-day average of less than 18,000 over the past 20 sessions.

While attention may have focused on other areas, this ad campaign certainly seems to have legs.

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Nia Warfield, Luke Kawa

Another record high for stocks as tech heavyweights put market on their shoulders

All of the gains on Monday are attributable to Nvidia and Apple.

Bull charging across sand creating dust cloud

markets

Max Knoblauch7h

Chinese EV maker Nio sinks as a surge of orders for its new SUV create a 6-month backlog

Shares of Nio are falling Monday on the bittersweet news that its latest SUV (the ES8, priced to compete with Tesla’s Model Y) is too popular.

According to Chinese media reports, up to 50,000 ES8 orders may have been placed in the vehicle’s first 36 hours, surpassing Nio’s 40,000-vehicle production cap for this year.

Customers now ordering the ES8 won’t receive their vehicle for 24 to 26 weeks, or six months.

Nio CEO William Li said that the ES8’s production capacity will reach 15,000 units by December.

Nio Says ES8 Orders Placed Today Face 6-Month Wait

Nio Says ES8 Orders Placed Today Face 6-Month Wait

Customers now ordering the ES8 won’t receive their vehicle for 24 to 26 weeks, or six months.

Nio CEO William Li said that the ES8’s production capacity will reach 15,000 units by December.

Jon Keegan, Nate Becker

Nvidia jumps on plans to invest up to $100 billion in OpenAI as part of data center expansion

Shares of Nvidia vaulted on the news, as CEO Jensen Huang says the new project would involve 4 million to 5 million GPUs.

Nvidia CEO Jensen Huang

J. Edward Moreno

Moderna rises after RFK Jr. vaccine panel’s less-draconian-than-expected Covid recommendation

While ACIP’s vote means less people may be able to access Moderna’s vaccine than before, it’s less severe than the outright ban some were expecting.

NewVax

markets

Matt Phillips9h

US toys with making the world’s worst investment

Argentinian government bonds are up big today on reports that the US is considering some sort of a bailout for the chronically messy Latin American economy currently led by Trump-allied right-wing populist Javier Millei.

The country’s foreign minister knocked down previous reports that Argentina was negotiating a $30 billion loan with the US.

But Treasury Secretary Scott Bessent just came out saying that “all options” are being considered to stabilize the country’s currency, which plunged as Millei’s attempt to radically remake the economy with deep spending and tax cuts has shown signs of sputtering amid a series of government corruption scandals. Bessent even went so far as to say Argentina is a “systemically important” US ally, using a term of art that’s often bandied about when bailouts are in the offing.

For the record, lending Argentina US taxpayer money seems a bad idea.

The country has defaulted on foreign loans nine times, giving it one of the world’s worst credit histories. In fact, it’s defaulted three times since 2000, including in 2019, after the last attempt to “reform” the country lured in foreign lenders once again.

Bessent Says ‘All Options’ on Table to Steady Milei’s Argentina

Bessent Says ‘All Options’ on Table to Steady Milei’s Argentina

But Treasury Secretary Scott Bessent just came out saying that “all options” are being considered to stabilize the country’s currency, which plunged as Millei’s attempt to radically remake the economy with deep spending and tax cuts has shown signs of sputtering amid a series of government corruption scandals. Bessent even went so far as to say Argentina is a “systemically important” US ally, using a term of art that’s often bandied about when bailouts are in the offing.

For the record, lending Argentina US taxpayer money seems a bad idea.

The country has defaulted on foreign loans nine times, giving it one of the world’s worst credit histories. In fact, it’s defaulted three times since 2000, including in 2019, after the last attempt to “reform” the country lured in foreign lenders once again.

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