In This Article:
US stock futures (ES=F, NQ=F, YM=F) inch higher in Friday's pre-market trading as the major stock market indexes (^DJI, ^IXIC, ^GSPC) are on pace to end this week with gains.
President Trump's aims to set tariff rates with US trading partners in the coming weeks.
In the firm's latest filing, Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) revealed that it sold off its stake in major bank Citigroup (C) while investing heavily into Constellation Brands (STZ).
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Welcome to Yahoo! Finance's flagship show, The Morning Brief. I'm Brad Smith, alongside Madison Mills. Let's get to the three things that you need to know today.
First up, stock futures pushing higher this morning, as the S&P looks to add to gains for a fifth straight day. The benchmark index is on pace for strong weekly gain of more than 4.5%, amid investor optimism on trade negotiations. This week the S&P wiped out its losses year to date, now up .6% as of Thursday's close.
Plus, on the trade front, President Trump says he will set tariff rates for trading partners over the next two to three weeks. The president says his administration lacks the capacity to negotiate deals with all of its trading partners. Trump said Treasury Secretary Scott Pesent and Commerce Secretary Wilbur Ross will be sending letters to trading partners telling them quote what they'll be paying to do business in the United States.
And Warren Buffett making some big moves in Berkshire's latest 13-F filing. The company disclosing that it sold off its Citigroup stake and doubled its position in Constellation Brands to about $2.2 billion. Berkshire also made a new buy that it's keeping confidential. Meantime, investor Michael Burry of The Big Short fame, he revealed he's now bearish on both Nvidia and Chinese tech stocks.