Transcript
Narrator (0:00)
When you're with Amex Business Platinum, going the extra mile for your business pays off. With five times membership rewards points on flights and prepaid hotels booked through amextravel.com you can earn more points to help grow your business. And with access to more than 1,400 lounges globally through the American Express Global Lounge Collection, including the Centurion Lounge, Can.
Podcast Host (0:19)
I get you a refill?
Narrator (0:20)
You can stay fresh wherever your business travel takes you. That's the powerful backing of American Express. Terms apply. Learn more@americanexpress.com AmExBusiness Today's episode is sponsored.
Podcast Host (0:31)
By Smart Travel, a new podcast from NerdWallet. Smart travel doesn't just cover points and miles. They break down all the financial aspects of your trip, whether that's the best days to book, how to avoid hidden fees, or which fancy travel credit cards pay off and which ones are just an expensive flex. If you want your travel budget to work harder, then dive into the best deals, products, services and more with Smart Travel from NerdWallet. Wherever you get your podcasts.
Market Analyst 1 (0:58)
Did the market reach its bottom on April 7th?
Market Analyst 2 (1:02)
I think so. If we don't have any more pressures, if there's not any more, I think we did reach that bottom. I mean, also be mindful of a lot of money flows in at the end of March, top of April from funds into the market. So I think, I mean, I did say once we hit that route that in 60 days we should recover. It looks like for that, I don't see a big drop to surpass that maybe until maybe August. It just really depends. Same with Elon. It depends on what the vision and plan is for the nation. He can stabilize some of this if he just stopped Wood going off course. No nation or no institution likes a leader that says, this is my firm plan, we're going to war within the next day. Well, we're going to war, but just with drones or just with boots on ground. It's like once the plan is in place, you have to stick to it. If we see a lot more stick to itiveness from him, I think we'll be able to be able to stabilize for a while.
Market Analyst 3 (2:07)
Yeah, I'm with you. And if you look at the emas, I mean the 200 day was at 56.66. And so on the 7th of April we were at they 5096.
Market Analyst 2 (2:18)
Yeah.
Market Analyst 3 (2:19)
And so you get to, I mean you nearly were under 5,000 for the first time, probably March of 24. So it kind of feels that way when you're that far away from your 200 day. You're that far away from your 400. It's starting to feel like, all right, this, this might be the place where we're stops here and we'll, we'll start to see some certainty coming back into the market. We starting to hear some ease about, obviously the semis may have some exemptions. You starting to hear some auto exemptions. Tesla just got an exemption. So with our administration is saying that we're getting closer to negotiations with China, even though they've denied even speaking to us. So we'll see. I think May. Is it May 3rd when one of the. I think one of the 90 days expires. We'll see if that gets extended or another tariff isn't inflicted. But it feels like. What was that. What he called it was. It wasn't Judgment Day. Liberation Day. Was that what you call it on April 3rd? Yeah, I think that the 7th might be one of those days. We start going back like that was the floor.
