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Markets Poised for Calmer Session After $1 Trillion DeepSeek Rout

Markets Poised for Calmer Session After $1 Trillion DeepSeek Rout

Update: 2025-01-28

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Plus: A Trump administration order pausing almost all foreign aid sparks warnings that the interruption could severely damage vital programs overseas. And the White House orders the pause of federal financial-assistance programs. Luke Vargas hosts.

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Transcript

00:00:00

- I think you're on mute.

00:00:02

- Workday starting to sound the same.

00:00:05

- I think you're on mute.

00:00:07

- Find something that sounds better for your career on LinkedIn.

00:00:10

With LinkedIn job collections, you can browse curated collections by relevant industries and benefits, like FlexPTO or hybrid workplaces.

00:00:20

So you can find the right job for you.

00:00:23

Get started at LinkedIn.com/jobs.

00:00:26

Finding where you fit.

00:00:28

LinkedIn knows how.

00:00:29

(upbeat music)

00:00:31

Here is your morning brief.

00:00:35

For Tuesday, January 28th, I'm Luke Vargas for the Wall Street Journal.

00:00:40

NASDAQ futures are ticking higher as is Nvidia's share price and off-hours trading after yesterday's market route inspired by the emergence of cost-efficient Chinese AI player DeepSeek.

00:00:54

Nvidia saw its stock fall 17% on Monday.

00:00:58

Other AI stocks also witnessed big losses as did nuclear power companies banking on electrifying the AI revolution.

00:01:06

The rebound suggested investors were rethinking some of the most pessimistic assumptions about how DeepSeek could hurt the investment case for stock seen as big winners from AI.

00:01:17

A Trump administration order freezing almost all foreign aid until a review of programs can be completed has prompted widespread confusion and left things like humanitarian programs,

00:01:29

counterterrorism efforts, and weapons financing in Sudden Limbo.

00:01:34

The three-month pause has stunned U.S.

00:01:36

officials and aid workers who said interruption in the roughly $60 billion for an aid budget for the year could severely damage vital programs globally and cost lives.

00:01:47

At the same time, the White House has ordered executive departments and agencies to broadly pause federal grants, loans, and other financial assistance programs depending in administration review.

00:01:58

That's according to a memo sent yesterday and reviewed by the journal.

00:02:02

It wasn't immediately clear whether the memo only paused financial assistance related to executive orders that President Trump signed during his first week in office or all current federal financial assistance programs.

00:02:14

Asian stocks have ended the day broadly lower.

00:02:17

European stocks are higher in midday trading and U.S.

00:02:21

stock futures are pointing to a higher open ahead of earnings from Starbucks later today.

00:02:26

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.

00:02:31

You can add a tier playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

00:02:36

Markets Poised for Calmer Session After $1 Trillion DeepSeek Rout

Markets Poised for Calmer Session After $1 Trillion DeepSeek Rout

The Wall Street Journal

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