Thursday, 23 January 2025
The Mighty Headlines
Economics: JP Morgan and Goldman Sachs positive about tariffs
Business: easyJet increases revenue to £2 billion in Q4
Markets: Netflix shares rise by over 10 per cent
Foreign Affairs: US to send 1,000 more troops to Mexico border
Security and intelligence: Nuclear watchdog warns about Iran’s nuclear programme
Domestic politics: UK Government may overrule Heathrow environmental concerns
The Mighty Stats
FTSE = 8,545.13 (down 0.037 per cent)
S&P500 = 6,086.37 (up 0.61 per cent)
Nasdaq = 20,009.34 (up 1.28 per cent)
CAC40 = 7,837.40 (up 0.86 per cent)
£1 = $1.23 / €1.18
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The Mighty Detail
Economics: The CEOs of JP Morgan and Goldman Sachs have both said that potential tariffs imposed by the Trump administration could be positive. Jamie Dimon of JP Morgan said that tariffs could be “good for national security”. David Solomon of Goldman Sachs said that they would rebalance trade which could be “constructive for US growth if it’s handled right”.
Business: In its latest earnings results, easyJet said that its revenue increased by 13 per cent to £2.04 billion and that quarterly passenger growth increased to 21.2 million. It expects to report a pre-tax profit of £709 million in 2025.
Markets: Shares in Netflix rose by more than 10 per cent during trading yesterday. This comes as the company recorded strong results in Q4, during which it added 19 million new users. Total revenue year-on-year has increased by 16 per cent to $10.25 billion.
Foreign Affairs: The Trump administration is sending an additional 1,000 troops to patrol the border with Mexico. They will join the 2,200 members of the National Guard already stationed there. Mexico is building giant shelters in the border town of Ciudad Juarez to prepare for an influx of deported migrants.
Security and intelligence: The head of the International Atomic Energy Agency, Rafael Grossi, has warned that Iran is “pressing the gas pedal” on nuclear enrichment. Grossi added that Iran now has around 200kg of uranium enriched to 60 per cent. Around 42kg of uranium enriched at 90 per cent is needed to produce a nuclear bomb. Iran denied yesterday that it was developing a bomb.
Domestic politics: The Chancellor of the Exchequer, Rachel Reeves, has suggested that she could overrule environmental objections to a third runway at Heathrow. She added that the Government was “determined to grow the economy”.
The Mighty Calendar
What’s happening today?
NATO chief Mark Rutte speaks at WEF summit at Davos
Argentinian President Javier Milei speaks at WEF summit at Davos
Sajid Javid appears before UK Covid inquiry
Cabinet Office Questions in UK Parliament
Oscar nominations announced
UK, Eurozone consumer confidence data (January)
US unemployment data (weekly)
Canada retail sales data (November)
Japan manufacturing growth data (January)
Bank of Japan interest rate decision
Company results from: American Airlines, Mitie
Lookahead to tomorrow
UK, US, Eurozone manufacturing growth data (January)
US services growth data (January)
Company results from: American Express, Burberry
The Mighty Finale
🌤️Weather today
Rain in most parts of England. High of 12C and low of 4C in London. Rain in Belfast and Edinburgh as well.
✏️Life coaching quote of the day
“You create your opportunities by asking for them.” – Shakti Gawain, motivational speaker
Mighty takeaway: Ask for what you want and take action. Nothing will come to you without you taking action.
That’s about it for this Thursday. We’ll see you tomorrow morning.
Adios!
The Mighty Memo team