WTO CHIEF: IF THERE IS TIT-FOR-TAT RETALIATION ON TRADE TARIFFS WE WILL SEE DOUBLE DIGIT GLOBAL GDP LOSSES, IT WILL BE CATASTROPHIC
(@WalterBloomberg)

$TSLA - Tesla has announced that it will increase the prices of all its vehicles in Canada, effective from February 1. According to notices on its Canadian website:

🔸 Model 3 prices will increase by up to C$9,000 (approximately $6,255 USD).
🔸 Model Y variants will see a price hike of up to C$4,000.
🔸 Model S and Model X will both experience a price increase of C$4,000 across all variants.
(@WalterBloomberg)

#Upgrades - Jan 23, 2025

$OPCH - Jefferies: Hold to Buy ($35 from $26)
$BOOT - KeyBanc: Sector Weight to Overweight ($190)
$RVLV - KeyBanc: Sector Weight to Overweight ($37)
$NFLX - Arete: Sell to Neutral ($833)
$NFLX - Wolfe: Peerperform to Outperform ($1,100)
$TRUP - Piper Sandler: Neutral to Overweight ($57)
$FCCO - Raymond James: Outperform to Strong Buy ($30 from $27)
$LOGI - Morgan Stanley: Underweight to Equalweight ($92 from $73)
$AEP - Guggenheim: Neutral to Buy ($101 from $86)
$IDA - Guggenheim: Neutral to Buy ($121)
$EVRG - Guggenheim: Neutral to Buy ($71 from $56)

#Downgrades - Jan 23, 2025

$VEEV - Goldman Sachs: Buy to Sell ($200 from $261)
$SAM - Piper Sandler: Overweight to Neutral ($275 from $370)
$EA - BMO Capital: Outperform to Market Perform ($145 from $160)
$EA - Raymond James: Outperform to Market Perform
$EA - BofA Securities: Buy to Neutral ($130 from $170)
$PSN - William Blair: Outperform to Market Perform
$FE - Wolfe Research: Outperform to Peerperform
$ASML - Aletheia Capital: Hold to Sell ($525)
$GOLF - JPMorgan: Neutral to Underweight ($64)
$EIX - Guggenheim: Buy to Neutral ($60)
$CNP - Guggenheim: Buy to Neutral ($33)
$CMS - Guggenheim: Buy to Neutral ($69)
$SO - Guggenheim: Buy to Neutral ($93)
(@WalterBloomberg)

VOLATILITY IN U.S. TREASURYS COULD PICK UP AHEAD OF NEXT WEEK'S FED MEETING

U.S. Treasury yields are little changed around 4.6% but volatility could pick up into the Federal Reserve's rate decision on Wednesday, says FlowCommunity's Tito Iakopa. "As the Fed's interest-rate decision deadline approaches, it is likely that yields will experience increased volatility in the coming week," the commercial director says in a note. Furthermore, uncertainty surrounding U.S. President Trump's trade policies could fuel concerns and heighten volatility into the markets and could support U.S. yields, he says. The 10-year U.S. Treasury yield is up around 3.5 basis points at 4.636%, according to LSEG
(@WalterBloomberg)

$AAL RESULTS: Q4

🔸 ADJ EPS $0.86 vs. $0.29 y/y, EST $0.65
🔸 ADJ net income $609M vs. $192M y/y, EST $471.3M
🔸 Passenger revenue $12.40B, +3.3% y/y, EST $12.28B
🔸 Operating revenue $13.66B, +4.6% y/y, EST $13.43B
🔸 Available seat miles 71.50B, +2.5% y/y, EST 71.31B
🔸 Revenue passenger miles 60.68B, +4% y/y, EST 61.03B
🔸 Load factor 84.9% vs. 83.6% y/y, EST 85.5%
🔸 Passenger yield +20.44c, -0.7% y/y
🔸 CASM excluding fuel $13.99, +5.7% y/y
🔸 Cost per available seat mile $17.52, -1.5% y/y
🔸 PRASM $17.34, +0.8% y/y
🔸 Total aircraft at end of period 1,562, +2.7% y/y
(@WalterBloomberg)

*BYTEDANCE EXPLORING ALTERNATIVES TO OUTRIGHT SALE FOR TIKTOK US
(@WalterBloomberg)

BLACKROCK CEO LARRY FINK SAYS THERE ARE SOME VERY LARGE INFLATIONARY PRESSURES THAT WE ALL HAVE TO BE AWARE OF -CNBC INTERVIEW
(@WalterBloomberg)

BLACKROCK CEO LARRY FINK SAYS TRUMP ADMINISTRATION IS TRYING TO FIND GROWTH FROM THE PRIVATE SECTOR -CNBC
(@WalterBloomberg)

BLACKROCK CEO LARRY FINK SAYS DO NOT SEE ANY SCENARIO IN THE SHORT RUN THAT THE FEDERAL RESERVE IS GOING TO REVERSE COURSE -CNBC
(@WalterBloomberg)

GERMAN LEADER OF OPPOSITION MERZ: EXPECT TRUMP ADMINISTRATION TO RESPECT TERRITORIAL SOVEREIGNTY OF DENMARK REGARDING GREENLAND
(@WalterBloomberg)

BLACKROCK CEO LARRY FINK SAYS I WANT THE SEC TO RAPIDLY APPROVE THE TOKENIZATION OF BONDS AND STOCKS
(@WalterBloomberg)

US JOBLESS CLAIMS +6K TO 223K IN JAN-18 WK; SURVEY 221K

US JAN-11 WEEK CONTINUING CLAIMS +46K TO 1,899,000
(@WalterBloomberg)

GERMANY'S DAX HITS FRESH RECORD HIGH
(@WalterBloomberg)

CNN JOB-LOSSES TO IMPACT AROUND 6% OF CURRENT WORKFORCE - MEMO SEEN BY REUTERS
(@WalterBloomberg)

$NFLX - NETFLIX MOVIE 'EMILIA PEREZ' LEADS OSCAR NOMINATIONS WITH 13 NODS
(@WalterBloomberg)

SENATOR LUMMIS TEASES MAJOR ANNOUNCEMENT AT 10AM: X
(@WalterBloomberg)

S&P 500 BANKS INDEX UP 1.1%, HITS RECORD HIGH
(@WalterBloomberg)

MORGAN STANLEY SEEKS TO ENSURE SAFE CRYPTO OFFER

Morgan Stanley CEO Ted Pick mentioned on Thursday that his bank is planning to engage in further collaboration with the new Treasury Department and other regulators to find safer ways to offer transactions using cryptocurrencies.

"For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors […] You know, time is the friend [of crypto]; the longer it trades, perception becomes reality," he said to CNBC at the World Economic Forum in Davos.
(@WalterBloomberg)

TRUMP REVOKED SECURITY PROTECTION FOR FORMER SECRETARY OF STATE POMPEO, FORMER AIDE HOOK -NYT
(@WalterBloomberg)

TRUMP TO HOLD CALL WITH PRESIDENT OF EL SALVADOR -WHITE HOUSE
(@WalterBloomberg)

TRUMP TO HOLD CALL WITH PRESIDENT OF EL SALVADOR AT 3:30PM ET

TRUMP TO SIGN EXECUTIVE ORDER AT 2:30PM ET
(@WalterBloomberg)