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- StockMKTNewz Daily Recap 5/7
StockMKTNewz Daily Recap 5/7
MERRY JEROME POWELL DAY
Daily Stock Market Recap: 5/7
Hey everyone, it’s @StockMKTNewz - Evan! I’ve posted stock market news every day for almost half a decade. I write this daily recap to make sure you don't miss anything important!
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The Daily Recap
🇺🇸 PRESIDENT TRUMP JUST SAID:
- TO RESCIND GLOBAL CHIP CURBS AMID AI RESTRICTIONS DEBATE
— Evan (@StockMKTNewz)
7:44 PM • May 7, 2025
As expected ...
Jerome Powell and the 🇺🇸 Fed just left rates UNCHANGED at between 4.25%-4.50%
— Evan (@StockMKTNewz)
6:00 PM • May 7, 2025
🇺🇸 FED CHAIRMAN JEROME POWELL JUST SAID:
- PEOPLE ARE WORRIED BUT SHOCK HASN'T HIT YET, DON'T SEE BIG ECONOMIC EFFECTS IN THE DATA YET FROM TARIFFS
— Evan (@StockMKTNewz)
6:59 PM • May 7, 2025
Mark Zuckerberg and Meta Platforms $META have reportedly been actively working on facial recognition for its smart glasses and other devices - The Information
— Evan (@StockMKTNewz)
4:46 PM • May 7, 2025
APPLE $AAPL IS EXPLORING ADDING AI SEARCH TO ITS WEB BROWSER - Bloomberg
— Evan (@StockMKTNewz)
2:51 PM • May 7, 2025
APPLE $AAPL JUST SAID SEARCHES IN ITS SAFARI BROWSER DECLINED FOR THE FIRST TIME IN APRIL - Bloomberg
— Evan (@StockMKTNewz)
3:00 PM • May 7, 2025
Google $GOOGL spent $55.7 Billion on paying various partners to drive traffic to their websites over the last 12 months
— Evan (@StockMKTNewz)
3:57 PM • May 7, 2025
APPLE $AAPL AND MICROSOFT $MSFT MOVED TO A YEAR-TO-YEAR AGREEMENT ON SEARCH
— Evan (@StockMKTNewz)
3:11 PM • May 7, 2025
APPLE $AAPL LOOKED AT GROK, PERPLEXITY, ANTHROPIC, AND DEEPSEEK FOR AI - Bloomberg
— Evan (@StockMKTNewz)
3:19 PM • May 7, 2025
(It’s really cool to see a company i’m working with being considered by Apple … If you haven’t tried out Perplexity you should and you should do it with my link. Perplexity is working hard to create a bunch of features specifically for the finance world, hopefully a lot more info to come there soon)
Disney $DIS just announced plans to create its first Theme Park in the Middle East in Abu Dhabi
— Evan (@StockMKTNewz)
12:04 PM • May 7, 2025
Tesla $TSLA sold 58,459 China 🇨🇳 made EVs in April down 6% YoY - CPCA
— Evan (@StockMKTNewz)
11:58 AM • May 7, 2025
Costco $COST just reported April Net Sales of $21.18 Billion up 7% YoY
— Evan (@StockMKTNewz)
8:23 PM • May 7, 2025
CrowdStrike $CRWD just announced plans to let go ~500 employees representing ~5% of its workforce
— Evan (@StockMKTNewz)
10:22 AM • May 7, 2025
Get Ready For Tomorrow
Earnings Hub: This is the earnings calendar I rely on daily during earnings season. Make your earnings season much easier by checking out Earnings Hub
SeekingAlpha catalyst Watch:

Macro:
Schedule for Thursday 5/8 (All times are in ET)
5:55 am Fed Barr speech
6:45 am Fed Kugler speech
8:30 am Fed Williams speech
8:30 am Fed Barkin speech
10:00 am Fed Goolsbee speech
11:30 am Fed Waller and Fed Williams on panel
6:45 am Fed Cook speech
7:45 pm Fed Bowman, Fed Musalem and Fed Hammack on panel
Disclaimer:
Nothing in this newsletter is financial advice or a recommendation to buy or sell any securities. I’m just reporting the news. Always do your own research and talk to a licensed professional before making financial decisions. Some links may be affiliate links, which means I may earn a small commission if you choose to sign up or make a purchase. It never affects what I choose to include. Some content may be sponsored. I only work with brands I think are a good fit for my audience. Giveaway entries do not guarantee a win. Winners are selected randomly and will be contacted directly by the StockMKTNewz team.