2025-06-07
5 分钟Hey, listeners. It's Saturday, June 7th.
I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets,
our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
All right.
What happened this week?
Of course, of course, we had more earnings reports,
we had developments in tariffs with steel and aluminum,
but we're going to get to that later because really what captured all of our attention,
and not just in the stock market,
was the giant feud unfolding between President Trump and Elon Musk.
So it started with Musk's criticism of Trump's tax and spending mega bill,
and it escalated to an afternoon of back-and-forth insults and attacks.
Trump threatened to eliminate government subsidies and contracts for Musk's businesses,
and Musk called Trump ungrateful after his campaign support and agreed with a tweet that Trump should be impeached.
And it certainly made Thursday's trading interesting.
Tesla's shares fell 14% during the session, losing about $152 billion in market value,
which is the company's biggest one-day slide on record.
And Trump Media and Technology, the parent company of Trump's Truth Social,
saw its shares fall 8%.