Sign up for free to listen for longer

Get unlimited radio, access to exclusive and original podcasts and non-stop music stations.

Control the way you listen to your favourite music, podcasts and radio.

Already have an account?

Log in

Sign up for free to listen for longer

Get unlimited radio, access to exclusive and original podcasts and non-stop music stations.

Control the way you listen to your favourite music, podcasts and radio.

Already have an account?

Log in

Morning Report 06 Jun 25: US stocks fall as Trump–Musk feud sinks Tesla

Morning Report 06 Jun 25: US stocks fall as Trump–Musk feud sinks Tesla

CommSec Market Update
9 min
Thursday
Mark as played
Share

About the episode

US stocks ended lower despite a wave of early optimism, sparked by news that U.S. President Donald Trump and China’s Xi Jinping have agreed to resume trade talks. In corporate news, Brown-Forman — the maker of Jack Daniel’s — suffered its steepest share price drop since 2008 following weaker-than-expected earnings. Meanwhile, consumer goods giant Procter & Gamble announced plans to cut 7,000 jobs as part of a restructuring effort. Across the Atlantic, the European Central Bank cut interest rates once again but signaled a possible pause in future easing. Oil prices climbed on renewed hopes surrounding U.S.-China trade negotiations. Back home, Australian shares are set to finish the week in the red ahead of the long weekend. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.