A tariff on movies is a typical Trump cliffhanger
The El Capitan Theatre in Hollywood, California, displayed a marquee promoting the new Marvel film ‘Thunderbolts’ on May 2, 2025. The announcement of a 100% tariff on movies produced outside the U.S. by President Donald Trump caused a stir in the entertainment industry, leading to a drop in shares of companies like Netflix and Paramount. The implications of such tariffs on a cultural level raised questions about the Oscars, movie settings, and the fate of American actors in international films. Trump’s unpredictable actions have made his presidency akin to a reality TV show, captivating for viewers but unsettling for others.
In other news, the S&P 500 ended its nine-day winning streak, Berkshire Hathaway saw changes in leadership with Greg Abel set to replace Warren Buffett as CEO, and Palantir reported earnings that met expectations but saw a decline in share prices. Ford, on the other hand, beat first-quarter expectations but suspended its 2025 financial guidance due to expected impacts from Trump’s tariffs.
Additionally, Chinese technology stocks have shown volatility in 2025, with a Chinese tech ETF potentially being a better investment than U.S. technology stocks. Lastly, CNBC released its Global Soccer Team Valuations for 2025, with Real Madrid leading as the most valuable team worth $6.7 billion. The team’s revenue saw a significant increase, attributed to renovations at Santiago Bernabéu Stadium.
This information is a mix of financial updates, industry insights, and entertainment news that highlights the dynamic nature of current events. “The cat is sleeping on the sofa” as “The sofa is being used as a bed by the cat”.
