New tariffs on China send stocks nose diving 📉

"Remember that time is money." ✍️💰⌛ - Benjamin Franklin   SUMMARY ✅ U.S. stocks ended the week sharply lower on Friday, wiping out earlier gains after President Trump warned the U.S. could impose higher tariffs on Chinese imports. ✅ Trump imposes 100% tariff on Chinese imports and new export controls in escalating trade standoff. ✅ Silver breaks $50 an ounce for the first time in over four decades amid record demand. ✅ Apple nears deal to acquire team and technology from AI startup Prompt AI. ✅ Oil prices dip after Israel and Hamas agree to first phase of U.S.-brokered peace plan. ✅ Diane Keaton, Oscar-winning star of “Annie Hall” and “The Godfather,” dies at 79. MARKET SNAPSHOT ↘ Dow                            45,479.60                      - 1.90% ↘ Nasdaq                       22,204.43                      - 3.56%  ↘ S&P                              6,552.51                      - 2.71%  GOVERNMENT Trump Escalates Trade War: U.S. to Impose 100% Tariffs on China and Restrict Critical Software Exports Image courtesy of Lazaro Gamio/Axios President Donald Trump announced Friday that the United States will impose an additional 100% tariff on all imports from China, effective November 1, marking a major escalation in trade tensions between the world’s two largest economies. The president also said the U.S. will introduce export controls on “any and all critical software” on the same date. The move comes in direct retaliation for China’s newly announced export restrictions on rare earth minerals, which are essential to high-tech industries such as defense, semiconductors, and electric vehicles. China currently accounts for roughly 70% of global rare earth supply, giving it significant leverage over industries critical to U.S. national and economic security. Trump’s announcement follows his earlier threat of a “massive increase” in tariffs after China revealed sweeping new rules that would require foreign companies to obtain licenses to export products containing more than 0.1% of rare earth elements sourced or refined in China, beginning December 1. The restrictions also apply to technologies involving Chinese magnet-making and recycling processes. The president posted a statement on Truth Social accusing Beijing of taking “an extraordinarily aggressive position on trade,” claiming that China’s actions amount to “a moral disgrace in dealing with other nations.” He added that the U.S. would respond decisively, saying, “Starting November 1st, 2025 (or sooner, depending on further actions by China), the United States of America will impose a tariff of 100% on China, over and above any tariff that they are currently paying. Also, on November 1st, we will impose export controls on any and all critical software.” Trump also hinted that he may cancel his planned meeting with Chinese President Xi Jinping at next month’s Asia-Pacific Economic Cooperation (APEC) summit in South Korea, citing Beijing’s “hostile” trade posture. Currently, nearly all Chinese imports into the U.S. already face tariffs, ranging from 7.5% on consumer goods to 50% on steel and aluminum. The effective tariff rate stands around 40%, according to estimates from Wells Fargo Economics and the Federal Reserve Bank of New York. The new 100% tariff would effectively double those rates across the board. Trump’s announcement adds a fresh layer of uncertainty to global markets and deepens the ongoing standoff over control of advanced technologies and supply chains. As trade relations between Washington and Beijing deteriorate further, economists warn that the new measures could heighten inflationary pressures and disrupt key sectors dependent on Chinese materials and manufacturing. COMMODOTIES Silver Soars Past $50 — Its Highest Level in Over Four Decades Image courtesy of Bet_Noire/Getty Images Silver has officially entered historic territory. The precious metal smashed through $50 an ounce for the first time since 1980, soaring to $51 a troy ounce in Thursday trading. The move caps a breathtaking 75% surge in 2025, fueled by a potent mix of investor demand, tightening supply, and booming industrial use. As global markets reel from geopolitical tensions, tariff battles, and inflation fears, investors are turning to hard assets like gold and silver to protect their wealth. The ongoing debate over Federal Reserve independence and ballooning U.S. debt has only deepened the rush into metals. “There’s a lot of concern about the global economy, and when that happens, people turn to hard assets like silver,” said Michael DiRienzo, CEO of the Silver Institute. “Silver tends to follow gold upwards.” While gold’s rally to a record $4,000 an ounce grabbed headlines earlier this week, silver has quietly outperformed. Its dual identity as both an industrial and monetary metal has amplified the rally. Demand from industries building data centers, solar panels, and electronics continues to soar — even as mining output stagnates for a fifth consecutive year. “Strong and growing demand for silver, combined with a persistent supply deficit, is a recipe for higher prices,” said Peter Grant, senior metals strategist at Zaner Metals. Commodities strategist Ewa Manthey of ING noted that “2025 is shaping up to be a historic year for silver,” underscoring how the metal’s rare combination of industrial and safe-haven appeal is driving record momentum. Meanwhile, investors are piling into silver-backed ETFs like the iShares Silver Trust (SLV), which has jumped 68% year to date, marking its strongest inflows since 2020. As the silver supply crunch deepens and demand continues to surge, experts suggest the rally may be far from over. “Silver’s steady climb is turning into a breakout,” said Maria Smirnova, Chief Investment Officer at Sprott Asset Management. “Supply is thinning, and investors are taking notice.” TECHNOLOGY Apple Nears Deal to Acquire Talent and Technology from Prompt AI Image courtesy of Scott Olson / Getty Images Apple is reportedly in advanced discussions to acquire the core team and technology of Prompt AI, a young computer vision startup, according to sources familiar with the matter. The deal would bring Apple both engineering talent and proprietary software from the 11-person company, founded in 2023 by Tete Xiao, an AI researcher with a PhD in computer science from UC Berkeley, and Trevor Darrell, co-founder of the university’s renowned Berkeley Artificial Intelligence Research (BAIR) lab. During an all-hands meeting on Thursday, Prompt executives informed employees of the pending acquisition, according to audio obtained by CNBC. Those not joining Apple will reportedly receive reduced compensation and be encouraged to apply for open positions at the tech giant. The company’s leadership also revealed that Prompt had received interest from other major players, including Elon Musk’s xAI and Neuralink, before engaging with Apple. Prompt, which raised a $5 million seed round led by AIX and Abstract Ventures, built its reputation around its flagship product Seemour — a home security app that integrates with smart cameras to recognize people, pets, and objects, and to send users real-time alerts and natural language updates about activity around the home. Despite technical success, CEO Xiao told employees that Prompt’s business model wasn’t sustainable. The Seemour app will be retired, with users’ data deleted to ensure privacy, executives said. Investors in Prompt AI will recover part of their capital, but “won’t be made whole,” executives acknowledged during the meeting. Employees were also instructed not to mention Apple publicly while searching for new opportunities or discussing their situation. The acquisition aligns with Apple’s long-standing strategy of quietly absorbing smaller AI startups to strengthen its in-house capabilities. Unlike competitors such as Meta, which recently invested $14.3 billion in Scale AI, or Google, which struck a $2.4 billion deal with Windsurf, Apple has historically avoided blockbuster takeovers. Its largest acquisition remains the $3 billion purchase of Beats Electronics in 2014. Analysts suggest Apple’s conservative approach to M&A has slowed its progress in artificial intelligence, with its stock down about 2% year-to-date — the weakest performance among major tech companies. Still, the Cupertino-based firm continues to make strides in computer vision, particularly through its Vision Pro mixed reality headset and advanced object-recognition features in iPhone photography. The Prompt acquisition is expected to bolster Apple’s HomeKit smart home division, potentially enhancing the company’s next generation of AI-powered home automation and device intelligence. ENERGY Oil Prices Slip as Israel and Hamas Agree to First Phase of U.S.-Brokered Peace Plan Image courtesy of REUTERS/Alexander Manzyuk Oil prices edged lower Thursday following President Trump’s announcement that Israel and the Palestinian group Hamas have agreed to the “first phase” of a U.S.-proposed peace plan — a potential breakthrough after months of devastating conflict. Brent crude futures (BZ=F), the global benchmark, dropped 0.8% after several days of gains, while West Texas Intermediate (CL=F), the U.S. benchmark, posted a similar decline. Brent closed at $62.73 per barrel, down 3.82%, reflecting a cautious response from traders assessing the possible implications of a de-escalation in the Middle East. Under the peace framework outlined by the Trump administration, both Israel and Hamas would release all hostages, while Israel begins a withdrawal from Gaza — a key step toward easing tensions in the region. The development represents the first tangible progress toward negotiations to potentially end the war. Oil prices had surged earlier this year amid fears of broader regional escalation after Israel and Iran exchanged airstrikes in June, raising concerns about disruptions to Iranian crude supply. However, those fears have since eased, with both Brent and WTI down roughly 12% year-to-date. According to Rystad Energy, the short-term impact on markets will likely be limited but could evolve depending on the peace plan’s durability. “The immediate impact on oil markets will be a slight decrease in the geopolitical risk premium as the markets figure out the details of the peace plan,” said Claudio Galimberti, Rystad’s chief economist. “If the plan for stable peace proves credible, its impact on prices could be more structural and profound. Yet, as long as the war in Ukraine continues, the geopolitical risk premium is destined to remain elevated.” ENTERTAINMENT Diane Keaton, Iconic Star of “Annie Hall” and “The Godfather,” Dies at 79 Image courtesy of Willy Sanjuan | Invision | AP Diane Keaton, the Oscar-winning actress celebrated for her wit, individuality, and emotional depth in classics like Annie Hall, The Godfather trilogy, and Father of the Bride, has died at the age of 79. Her daughter, Dexter Keaton White, confirmed the news to NBC News, saying, “We are looking for privacy right now. No further comment.” People Magazine first reported Saturday that Keaton passed away in California, surrounded by her loved ones. News of her death sparked an outpouring of shock and sadness around the world. Keaton was a performer who helped define an era of American cinema—her distinct voice, effortless charm, and offbeat style leaving an indelible mark on generations of moviegoers. From her unforgettable “La-dee-da, la-dee-da” line as the quirky Annie Hall, complete with her now-iconic tie and vest, to her powerful turn as Kay Adams Corleone in The Godfather, Keaton brought authenticity and soul to every role she played. Her breakthrough performances in the 1970s—many in collaboration with Woody Allen—cemented her as one of Hollywood’s most original leading ladies. Yet her brilliance extended far beyond that decade. Partnering often with filmmaker Nancy Meyers, Keaton continued to connect with new audiences through hits like Baby Boom, Father of the Bride, The First Wives Club, and Something’s Gotta Give. Keaton won the Academy Award for Best Actress for Annie Hall in 1978 and received three additional Oscar nominations for Reds, Marvin’s Room, and Something’s Gotta Give. In typical Keaton fashion, her Oscar acceptance speech was understated and genuine—she laughed and simply said, “This is something.” 📉 ON THE MOVE AND NOTABLES 📈 ✔️ Bond yields retreated, with the 10-year U.S. Treasury yield slipping to 4.06%. ✔️ Overseas, Asian and European markets also closed lower, while the U.S. dollar weakened against major currencies. ✔️ Oil prices slid to near five-month lows, as a ceasefire in Gaza eased supply fears and investors weighed the potential for slower global growth amid rising trade frictions. ✔️ The University of Michigan’s consumer sentiment index fell to 55.0 in October, missing expectations for a rebound to 55.8 and marking the weakest level in five months. ✔️ The Government shutdown could affect October's jobs report, because the government collects data the first 12 days of the month. ✔️ Japan equities fell 1% Friday after the country’s leading political coalition collapsed, threatening Sanae Takaichi’s historic bid to become Japan’s first female prime minister, according to Barron’s. Her victory last week had pressured the yen to seven-month lows amid expectations she’d favor fiscal stimulus and resist rate hikes. ✔️ Futures markets are pricing in a 95% probability of a rate cut at the Federal Reserve’s October 28–29 meeting, according to the CME FedWatch Tool, as investors anticipate policy easing amid moderating inflation and global growth concerns. ✔️ From a technical standpoint, the S&P 500 continues to show resilience. Each test of the 20-day moving average has held since late April, a sign of ongoing bullish momentum. The index’s 20-day average now sits near 6,669, serving as an important near-term support level for traders. ✔️ Applied Digital (APLD) shares skyrocketed after the company reported late Thursday, easily topping Wall Street expectations with a much smaller-than-anticipated loss. The stock has been steadily climbing since early summer following the signing of two long-term AI data center lease agreements with CoreWeave (CRWV), fueling optimism around Applied Digital’s role in powering the artificial intelligence infrastructure boom. ✔️ Levi Strauss (LEVI) plunged even after the apparel maker posted better-than-expected quarterly results and raised its full-year outlook. Management cited robust consumer demand as the reason for lifting guidance, but the market reaction suggests investors may have already priced in strong performance or are concerned about broader retail pressures. ✔️ Micron (MU) fell after Samsung announced its high-bandwidth memory chips had been approved for use by Nvidia (NVDA). Micron, a direct competitor to Samsung in this segment and also an Nvidia supplier, faced pressure on concerns over future market share. ✔️ Oracle (ORCL) bounced, recovering from earlier weakness tied to reports of thin margins on Nvidia-related chip sales. The rebound followed new bullish coverage from two Wall Street firms. Baird noted Oracle’s strong positioning to benefit from accelerating AI infrastructure spending and the ongoing convergence of AI, data, and real-world use cases as the industry transitions from training to inference. ✔️ Nvidia (NVDA) continued its record-breaking climb. Bloomberg reported that the U.S. government recently approved billions of dollars in Nvidia chip exports to American firms for projects based in the United Arab Emirates, reinforcing Nvidia’s dominant global position in AI computing. ✔️ Qualcomm (QCOM) dropped after Barron’s reported that Chinese regulators launched an antitrust investigation into the company for potential violations of the nation’s competition laws, raising new uncertainty for one of the world’s top smartphone chipmakers. ✔️ On Monday U.S. spot bitcoin ETFs saw $1.8B in inflows, which represents the second-largest single-day inflow for the 11 U.S.-based spot bitcoin ETFs since November 7th, 2024, the day after Donald Trump won the U.S. presidential election. The money flow coincided with the price of bitcoin registering a fresh all-time high above $126,000 per coin. 💲What to Watch Next Week💲 Investors face a busy week with a slate of important earnings reports and economic updates. 🟢 Economic: Monday (Oct. 13): -no reports- Tuesday (Oct. 14): -no reports- Wednesday (Oct. 15): Consumer Price Index (CPI), EIA Crude Oil Inventories, Empire State Manufacturing, MBA Mortgage Applications Index Thursday (Oct. 16): Retail Sales, Producer Price Index (PPI), Business Inventories, Continuing Claims, EIA Natural Gas Inventories, Initial Claims, NAHB Housing Market Index, Philadelphia Fed Index Friday (Oct. 17): Building Permits, Capacity Utilization, Export Prices, Housing Starts, Import Prices, Industrial Production, Net Long-Term TIC Flows 🟢 Earnings: Monday (Oct. 13): Fastenal Co. (FAST), Lifecore Biomedical Inc. (LFCR), Spire Global Inc. (SPIR) Tuesday (Oct. 14): Albertsons Companies Inc. (ACI), America Movil SAB de CV (AMX), BlackRock Inc. (BLK), Citigroup Inc. (C), Domino's Pizza Inc. (DPZ), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Wells Fargo & Co. (WFC) Wednesday (Oct. 15): Abbott Laboratories (ABT), ASML Holding NV (ASML), Bank of America Corp. (BAC), Citizens Financial Corp. (CFG), J.B. Hunt Transport Services Inc. (JGHT), Morgan Stanley (MS), PNC Financial Services (PNC), United Airlines Holdings (UAL) Thursday (Oct. 16): Bank of New York Mellon Corp. (BK), Charles Schwab Corp. (SCHW), CSX Corp. (CSX), Interactive Brokers Group Inc. (IBKR), KeyCorp (KEY), Taiwan Semiconductor Manufacturing (TSM), Travelers Companies Inc. (TRV), US Bancorp (USB) Friday (Oct. 17): Ally financial Inc. (ALLY), American Express Co. (AXP), Autoliv Inc. (ALV), Comerica Inc. (CMA), Fifth Third Bancorp (FITB), Huntington Bancshares Inc. (HBAN), Regions Financial Corp. (RF), Schlumberger NV (SLB), State Street Corp. (STT), Truist Financial Corp. (TFC) Watch Our Latest Weekly Video On Youtube Or Spotify "Bitcoin Blasts Off, Gold Holds Fort" Disclaimer: We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Bullish Bear nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on Bullish Bear. It is possible that a viewer's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. Bullish Bear makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website.  Some of the content on this website contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which may be beyond a company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. It is hereby noted that forward-looking statements contained herein may include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward-looking statements or announcements mentioned on this website or the websites contained within. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company's filings with the Securities and Exchange Commission. However, a company's past performance does not guarantee future results.  Generally, the information regarding a company profiled or discussed on this website is provided from public sources bullishbear.com makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained through our website or in communications originating from our website. Viewers should use the information provided by us regarding the profiled companies as a starting point for additional independent research on the companies profiled or discussed in order to allow the viewer to form his or her own opinion regarding investing in the securities of such companies. Factual statements, or the similar, made by the profiled companies are made as of the date stated and are subject to change without notice and Bullish Bear has no obligation to update any of the information provided. Bullish Bear, its owners, officers, directors, contractors and employees are not responsible for errors and omissions.  From time to time certain content on this website is written and published by our employees or third parties. In addition to information about our profiled companies, from time to time, our website will contain the symbols of companies and/or news feeds about companies that are not being profiled by us but are merely illustrative of certain activity in the micro cap or penny stock market that we are highlighting. Viewers are advised that all analysis reports and news feeds are issued solely for informational purposes. Any opinions expressed are subject to change without notice. It is also possible that one or more of the companies discussed or profiled on this website may not have approved certain or any statements within the website. Bullish Bear encourages viewers to supplement the information obtained from this website with independent research and other professional advice. The content on this website is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Third Party Web Sites and Other Information This website may provide hyperlinks to third party websites or access to third party content. Bullish Bear, its owners, officers, directors, contractors and employees are not responsible for errors and omissions nor does Bullish Bear control, endorse, or guarantee any content found in such sites. Bullish Bear does not control, endorse, or guarantee content found in such sites. By accessing, viewing, or using the website or communications originating from the website, you agree that Bullish Bear, its owners, officers, directors, contractors and employees, are not responsible for any content, associated links, resources, or services associated with a third party website. You further agree that Bullish Bear, its owners, officers, directors, contractors and employees shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only. Bullish Bear uses third parties to disseminate information to subscribers. Although we take precautions to prevent others from obtaining our subscriber list, there is a risk that our subscriber list, through no wrong doing on our part, could end up in the hands of an unauthorized party and that subscribers will receive communications from unauthorized third parties. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the United States Securities and Exchange Commission (SEC). The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov and filings made by public companies can be viewed at www.sec.gov and/or the Financial Industry Regulatory Authority (FINRA) at: www.finra.org. In addition, FINRA has published information at its website on how to invest carefully at www.finra.org/Investors/index.htm.                                                                                                                                                                                  Manage your preferences | Opt Out using TrueRemove™ Got this as a forward? Sign up to receive our future emails. View this email online. 502 E Atlantic Ave 232 | Delray Beach, None 33483 US This email was sent to punjabsvera@gmail.com. To continue receiving our emails, add us to your address book.