The Rundown

Markets react to Strait of Hormuz disruptions as oil and gas surge. Retailers make waves with Target forecasting its first sales growth in three years and Best Buy leaning on ad and marketplace strength. Apple rolls out a major product wave. Activist investment lifts Pinterest while On Holding trims its growth outlook. A surprising stat about reading habits closes the show.

Markets react to a Middle East escalation as oil jumps and shipping through the Strait of Hormuz is threatened. A standoff unfolds between the Pentagon and Anthropic over military AI use and supply-chain restrictions. OpenAI lands a record $110 billion raise and begins classified work with defense agencies. Defense stocks rally while Berkshire Hathaway reports troubles. Red Bull’s massive sales streak gets a mention.

Erica York, Vice President of Federal Tax Policy at the Tax Foundation, explains the Supreme Court ruling that stopped broad tariff authority and what legal paths remain. She describes which tariff powers are now active, how revenue and refunds are affected, which industries face exposure, and what policy tools Washington might use next.

A breakdown of surprising post-earnings stock weakness despite blockbuster results. A look at concentration risk from a few hyperscalers and the worry about massive noncancelable purchase commitments. Discussion of rising competition and a new inference chip push. Exploration of agentic AI potential and China reopening as major growth catalysts.

Markets stage a strange rotation with big-name tech wobbling while indexes slip. Inflation heats up as January wholesale prices jump. Netflix backs out of a major studio deal amid takeover drama. Cloud GPU maker CoreWeave warns of debt and weak guidance. Payment firm Block slashes its workforce citing AI efficiency. Americans increasingly move abroad, driven by remote work.

NVIDIA’s blockbuster AI-driven revenue and why investors still sold off afterward. Disappointing forward guidance from a major CRM player and the market fallout for software stocks. Energy drink growth showing strong customer loyalty. A struggling enterprise AI company halves revenue and restructures. An insider trading bust on a prediction market draws regulatory attention.

Market movers and takeover whispers around a major payments firm. A stablecoin issuer skyrockets after strong revenue and USDC growth. A fast-casual chain posts surprising same-store sales gains. An EV maker stumbles with a wide earnings miss and heavy cash burn. Tech manufacturing news as a major computer line shifts production to a US plant.

A viral AI doomsday post rattles markets and sparks discussion about big tech risk. Meta inks a multibillion AI chip pact with AMD and potential equity warrants. Home improvement results beat expectations while signaling a frozen housing market. Nuclear contractors gain attention as projects ramp up. A transportation play expands as a major ride app buys a parking platform.

News of new 15% tariffs and legal maneuvering shakes markets. DOJ scrutiny and bidding drama swirl around streaming and Hollywood deals. GLP-1 drug race heats up as trial results shift competitive positions. Domino’s value strategy drives fresher-than-expected retail results. Big biotech M&A and a quirky nugget about the tiny gold in Olympic medals round out the update.

John Petrides, portfolio manager at Tocqueville Asset Management, offers market analysis on tariffs, AI, and sector rotations. He reacts to the Supreme Court tariff ruling and its timing. He explains why bond moves matter, why value and international stocks are outperforming, and how AI is reshaping software valuations and capex decisions.