TLDR

MARKET RECAP → All three major averages surged on Tuesday as markets digested President Trump’s first-day actions.

TRUMP’S SEC LAUNCHES CRYPTO TASK FORCE → 🚀 Trump’s SEC formed a task force to regulate crypto, appointing pro-crypto leaders, boosting Bitcoin (BTC) above $100,000, and sparking mixed reactions in the crypto market.

TRUMP TARIFF PLANS TARGET IMPORTS → 🚗 Proposed 25% tariffs on Mexican and Canadian imports threaten the auto, tech, and consumer goods sectors, with economists warning of inflation and strained trade relations.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Trump’s SEC Launches Crypto Task Force

Task Force Formation: 🚀 The SEC, under President Trump’s administration, has launched a crypto task force to establish clear regulatory frameworks for digital assets and exchanges, led by SEC Commissioner Hester Peirce.

Pro-Crypto Leadership Appointments: 🔑 Paul Atkins, a crypto advocate, was appointed SEC Chair, while David Sacks, former PayPal (PYPL) COO, was named AI and Crypto Czar, signaling a crypto-friendly policy shift.

Market Reactions: 📈 Bitcoin (BTC) surged past $100,000 following the announcements, reflecting investor optimism, while the $TRUMP meme coin experienced extreme volatility after its debut.

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TODAY’S TOP NEWS

Trump Tariff Plans Target Imports

Automotive Sector Faces Strain: 🚗 U.S. automakers like Toyota (TM), Honda (HMC), and Volkswagen (OTCMKTS: VWAGY) brace for disruptions from proposed 25% tariffs on Mexican and Canadian imports, targeting supply chains heavily reliant on cross-border trade.

Electronics and Consumer Goods Hit: 📦 Tech giants like Samsung and Foxconn and consumer goods producers such as Procter & Gamble (PG) could see rising costs as Mexican-manufactured goods face new tariffs.

Broader Economic Concerns: 💡 Economists warn the tariffs could spark inflation, raise consumer prices, and strain U.S.-Mexico-Canada trade relations, with potential legal challenges looming.

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