President-elect Donald Trump says he would enact a 25% tariff on products from Mexico and Canada on his first day in office, as well as 10% tariffs on Chinese-made products; U.S. stock futures are little changed as investors digest the tariffs vow; Kohl's (KSS) stock is sinking on weak results and news its CEO will be stepping down; Zoom Communications (ZM) shares are down despite better-than-expected quarterly results; and Intel (INTC) receives nearly $7.9 billion in CHIPS Act funding but Qualcomm reportedly has cooled on the ♛idea of acquiring the chipmaker. Here's what investo🦋rs need to know today.

1. Trump Vows Tariffs on Mexico, Canada, China

President-elect Donald Trump said 澳洲幸运5开奖号码历史查询:he would impose tariffs on products coming into the country from Mexico, Canada, and China, reflecting his intention to fulfill a 澳洲幸运5开奖号码历史查询:campaign promise. In a post on his Truth social media site, Trump said on Jan. 20, 2025, the first day of his presidency, he would sign an executive order to impose a 25% tariff on all products coming into the U.S. from Mexico and Canada, citing high levels of illegal immigration and drug trafficking. In a separate post, he said he would enact a 10% tariff on 澳洲幸运5开奖号码历史查询:Chinese-made goods, but did not specify a timeline for implementing that levy on imports.

2. US Stock Future🉐s Little Changed on Trump Tariffs Proposal

U.S. stock futures are little changed as investors digest potential economic changes that could come from Trump's announcement on tariffs, which some 澳洲幸运5开奖号码历史查询:believe🅷 could hel▨p increase inflation. The flat early performance follows a session where 澳洲幸运5开奖号码历史查询:markets continued their post-election ra💖lly, including a record-high close for the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average, whose futures are ticking lower. Futures for the Nasdaq and 澳洲幸运5开奖号码历史查询:S&P 500 are up about 0.3% each. 澳洲幸运5开奖号码历史查询:Yields on the 10-year Treasury note are little changed, remaining below the 4.3% level. Bitcoin (BTCUSD) is down more than 1%, trading around the $92,000 price level after stepping back from 澳洲幸运5开奖号码历史查询:recent highs.

3. Kohl's Stock Sinks After Weak Results, CEO Departure News

Kohl's (KSS) stock is plummeting 16% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Tom Kingsbury would 澳洲幸运5开奖号码历史查询:stepping down after less than two years running the struggling retailer. Kingsbu🌜ry, who was named CEO in February 2023, will leave his post on Jan. 15 and be replaced by Ashley Buchanan, CEO of The 🅰Michaels Companies. The department store chain reported profit of $22 million on revenue of $3.51 billion, while analysts polled by Visible Alpha were looking for $29.8 million and $3.85 billion, respectively.

4. Zoom Stock Sinks; Company Removes 'Video' From Name

Zoom Communications (ZM) stock is sinking 9% in premarket trading even though the remote video communication company 澳洲幸运5开奖号码历史查询:posted better-than-expected results for the third quarter. The company reported year-over-year revenue growth of 4% to $1.18 billion, above Visible Alpha consensus, while its net income of $207.1 million or 66 cents per share also topped estimates. Zoom raised its full-year outlook for revenue and adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS), and also reported adding new customers. It also announced its name has changed to Zoom Communications from Zoom Video Communications as it focuses more on 澳洲幸运5开奖号码历史查询:artificial intelligence (AI).

5. I🦩ntel Gets Nearly $7.9 Billion in CHIPS Act Funding; Qualcomm Rep꧒ortedly Cools on Takeover

Intel (INTC) announced it would receive nearly $7.9 billion in government funding as part of a grant from the 澳洲幸运5开奖号码历史查询:CHIPS and Science Act. The grant is less than the amount revealed in a 澳洲幸运5开奖号码历史查询:March announcement, but the company also is receiving $3 billion in Defense Department funding to improve microchip production. Meanwhile, Bloomberg reported that executives at Qualcomm (QCOM) are cooling on the idea of mounting a takeover bid of Intel. Sha💞res of In𒊎tel are little changed in premarket trading.