Trump to Impose 100% tariffs on films produced overseas, Netflix Stock takes a hit
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On this episode of Stock Movers:
• Netflix (NFLX) shares fell along with other media and entertainment companies after President Donald Trump announced that he is planning to impose a 100% tariff on films produced overseas. Analysts see risks associated with the news, though they added that there are few details.
• Tyson Foods (TSN) saw shares drop after reporting earnings Monday. The protein producer reported mixed quarterly results, as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business.
• Peabody Energy (BTU) shares rose after the company said it's considering terminating a $3.78 billion deal to acquire Anglo American Plc's steelmaking coal assets due to a fire at an Anglo mine in Australia.
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