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Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including the pressure felt by media companies like Disney (DIS), Netflix (NFLX), and Warner Bros. Discovery (WBD) on President Trump's proposed tariff on foreign-produced films; ON Semiconductor (ON) shares fall despite beating earnings estimates; and Skechers (SKX) surges after agreeing to a $9.4 billion deal to go private with 3G Capital.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks mostly moving to the downside after closing last week with their longest winning streak in over 20 years. Meantime, shares of media companies under pressure as President Trump calls for a 100% tariff on films produced outside of the US. It's not yet clear how a levy like this would be imposed. Many US movies and shows are shot on location and even have editing work done outside of the country. On semiconductor, shares reversing earlier gains. They popped 2% in pre-market but are now down a little over 8%. The company topping Wall Street's expectations for first quarter earnings, issuing a better-than-expected forecast, but their shares still moving to the downside. Meantime, shares of footwear company Skechers surging after announcing it's going private in a $9.4 billion deal with 3G Capital. 3G will pay Skechers shareholders $63 a share in cash. The deal is expected to close in the third quarter of this year. That's your Yahoo! Finance market minute.
