Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.
1243 ET - While the trade threat has yet to be translated into formal policy, an outright ban on U.S. sales would deal a severe blow to Canadian business jet maker Bombardier, says Scotiabank analyst Konark Gupta. The analyst says it is "too early to assess the fundamental risk as BBD has thus far navigated the geopolitical uncertainties without any major demand impact." The headline risk is clear, however, with the stock is down 4%, though Gupta notes that it is "similar to early 2025 (tariff risks) and early 2026 (de-certification and tariff threats)." He adds that if the threat turns into a ruling, "the potential impact would be significant, given the U.S. accounts for the majority of BBD's business." (adriano.marchese@wsj.com)
1222 ET - Canada PM Mark Carney borrows a famous catchphrase from former European central banker Mario Draghi on his focus in navigating the Canadian economy through heightened trade tensions with the U.S. "We will do whatever it takes for as long as it takes" to help Canadian workers and firms in crossfire of tariffs and retaliatory tariffs between the neighboring countries, says Carney in a YouTube address. Carney is the former governor at both the Bank of Canada and Bank of England, and like Draghi is a Goldman Sachs alumnus. Draghi is credited with turning around the euro-debt crisis last decade when proclaimed the ECB would do "whatever it takes." (paul.vieira@wsj.com; @paulvieira)
0919 ET - U.S. farmers are in the crosshairs of the retaliatory tariffs enacted by Canada starting today. Not only is U.S. dairy products like cheese and whey slapped with new tariffs, but farm equipment is as well--including some mowers and other harvesting equipment. For U.S. farmers already struggling with high input costs, Canada's latest move will make input costs that much more onerous. "U.S. agriculture faces weaker sales, demands for discounts and potential substitution toward Canadian or other foreign suppliers," says Jim Wiesemeyer of Ag Bull Trading. "For affected producers, the larger risk is that a prolonged dispute turns temporary order reductions into lasting losses of Canadian customers." CBOT grain futures are mixed premarket. (kirk.maltais@wsj.com)
0812 ET - The setback for German exports in July were directly caused by volatility in trade policies, the DIHK Chamber of Commerce and Industry's Volker Treier says. Exports declined 0.8% on month after five months of rises. "A relatively weak global economy and an immense surge in Chinese competition are pressuring German exporters," he says. However, exports to the U.S. increased due to the Trump administration's 10% tariff announced July on imports from the European Union. Still, the much-needed boost from improved site conditions in Germany and Europe is still lacking, Treiersays. (edward.frankl@wsj.com)
0532 ET - Europe's distillers need stable trading relationships with big export markets, even if newer markets are growing, a trade association says. Exports of European spirits like cognac, vodka, gin and whisky fell by 6% in value in 2025 compared with a year prior, according to a report from SpiritsEurope. Trade with the U.S. and China, the sector's most important buyers, were hit by tariffs and weak macroeconomics, the association notes. Growing markets like India and some African countries meanwhile gained in share. SpiritsEurope trade director Pauline Bastidon calls on EU authorities to maintain stable trading relationships with established partners and pull down trade barriers. "At the same time, we need to open new opportunities through ambitious trade agreements, trade diplomacy and promotion, while recognizing that new markets cannot replace traditional growth engines overnight," Bastidon says. (joshua.kirby@wsj.com; @joshualeokirby)
0046 ET - With the U.S. labor market remaining at full employment, last week's jobs report is likely not reason enough for the Fed to raise interest rates at its coming meeting, says Christian Scherrmann, chief U.S. economist at DWS. Hiring exceeded expectations in August, with the creation of 162,000 new jobs, he notes, adding that the figure for July was revised from a decline of 23,000 jobs to an increase of 21,000 jobs. Domestic price pressures remain dominated by external factors such as energy prices and tariffs. The coming CPI report will be the main factor in determining whether higher policy rates are warranted or not, he adds.
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