Ford, GM & Stellantis; Retail shares; Shopify: trend kicker

00:00 Speaker A

It is night for some of today's trend kickers. We watch car manufacturers, retail names and shopify. First, car manufacturers are increasing up here according to the news that the USA pause for 90 days of mutual tariffs in China, since the two nations continue the negotiations to find a permanent trade agreement. Ford, General Motors and Stellantis withdrew their guidelines for the entire year and quoted the uncertainty of the tariff. The auto industry is still confronted with specific tariffs of 25% in all imported vehicles and auto parts as well as 25% for imported steel and aluminum.

00:48 Speaker A

Next, retailers will also receive an increase in progress in trade negotiations. Nike, Lululemon and Target all rise. But Target rises even though Bernstein has received a downgrade from amber this morning. It is noteworthy here that the liberation of de Minimis, with which packages can be imported under a certain value, does not seem to be part of the US China armistice. This could still be a headwind for so-called fast fashion retailers.

01:21 Speaker A

And finally, Shopify will replace the software company Mongodb in the Nasdaq 100 index from May 19. Shopify shares jump in the news. The e-commerce platform has increased by more than 50% in the past 12 months, but has still been taking losses.