CNBC Business News Update - Market Close: Stocks Lower, US Automaker Shares Lower on Trump Auto Tariffs, Tesla Wins With The Tariffs 3/27/25

Episode Date: March 27, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger.

I'm Jessica Edinger CNBC. Wall Street opens Friday morning after a down Thursday investors taking in the new Trump auto tariffs. The Dow falling 155 points, four tenths of a percent led lower by shares of 3M which were down almost 3%. The S&P 500 index down 18 points. The NASDAQ down 94 points. That was a half percent.

Nvidia shares down more than 2% on Thursday. The market's not in love with it, but the market's not selling off hard because, you know, number one, a lot of it had gotten priced in. And number two, at some weird level, we've actually taken out one little piece of uncertainty, whether you like it or not. But there's any number of things that can still come down. Interactive brokers Steve Sosnick on CNBC. There was a bit of a surprise in President Trump's announcement slapping 25% tariffs on autos and light trucks not made in the U.S.

A lot of people thought this was going to be just on finished autos, but now it's actually on autos and auto parts. His new 25% auto tariffs will begin to be collected on April 3rd and will be applied to Imported passenger vehicles and light trucks and they'll also apply to key automobile parts including engines, transmissions, power train parts and Electrical components. Now last year the US imported 46 percent of the nearly 16 million sold in this country You know, this is a president who views these tariffs as a way to restructure American manufacturing and, you know, by extension, American society in some ways and generate revenue for Treasury against his proposed tax cuts. CNBC's Eamon Javers, the U.S. carmaker's struggling.

General Motors shares down 7% Thursday. Stellantis, the parent of Jeep, down 4%. Ford down almost 4%. Who wins with the tariffs? Elon Musk's Tesla. Every electric vehicle they make in the U.S. is sold in the U.S. Its shares were up a half percent. Rivian wins too. Shares were up 7%. One analyst says Detroit bleeds with these tariffs. Here's one take. Ford is probably the least worst impacted. 80 percent of their sales here in the U.S. are produced here in the U.S. I'd say they're in the best shape in terms of the domestic three. Toyota and

Honda, you know, they have a significant presence here in the U.S. that they can expand. GM, they're particularly exposed. And in Stellantis' case, they import about 45 percent. VW, they import 80 percent. Hyundai Kia, they import about 65 percent. And then you have some of the smaller Japanese makers. Mazda, Subaru, they import about upwards of 90 percent.

Former Ford CEO Mark Fields on CNBC. Hertz and Avis shares meantime up 20% with tariffs seen as increasing the cost of buying a car so people may rent cars more. Fewer people applied for unemployment benefits last week than expected, 224,000 right around the pre-pandemic average. Some investors say with so much uncertainty it might be time to diversify into precious metals even though gold hit a fresh record high Thursday. We have record highs in gold. You know we are not seeing record highs yet in silver but it certainly has been

doing exceptionally well this week. Open interest pros Mike Coe on CNBC. On Friday's watch list we get a new read on inflation. The PCE, personal consumption expenditures will be out. A number of US CEOs expected to meet with Chinese President Xi Jinping in Beijing. New in theaters, Amazon MGM's thriller, A Working Man, A24's horror thriller, Death of a Unicorn, and Focus features the ballad of Wallace Island. Jessica Edinger, CNBC.