Feb. 13 at 12:47 PM
$MATX
President Trump’s tariffs have led to a surge in revenue for the government, but also a record breaking financial shortfall among importers required to buy special bonds to guarantee payment of trade duties.
Importers are unable to receive their freight if their customs bonds, issued by insurers, are not sufficiently funded.
$AMZN
Amazon’s Ring has terminated its partnership with police tech company Flock Safety.
The partnership came under scrutiny after the Amazon doorbell company ran an ad during the Super Bowl that touted a Search Party feature that uses AI to help locate lost pets.
$SLV
Silver’s wild swings have erased confidence, with volatility exceeding 100% in the near term.
Since the start of the year, silver has recorded 11 moves of 5% or more in either direction.
Major banks see short term risks but say long term fundamentals remain supportive.
