Tuesday 22 April 2025
The Mighty Headlines
Economics: US Vice President visits India to discuss trade
Business: Netflix increased revenue to over $10 billion in Q1
Markets: Dollar falls to three-year low
Foreign Affairs: Details of Pope Francis’s funeral emerge
Security and intelligence: Iran’s Foreign Minister visits China today
Domestic politics: UK Government launches “breakfast clubs”
The Mighty Stats
FTSE = 8,275.66 (up 0.00073%)
S&P 500 = 5,158.20 (down 2.36%)
Nasdaq = 15,870.90 (down 2.55%)
CAC40 = 7,285.86 (down 0.6%)
£1 = $1.33 / €1.17
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The Mighty Detail
Economics: The US Vice President, JD Vance, began a four-day visit to India yesterday. Vance is expected to discuss trade with the Indian Prime Minister, Narendra Modi. US-India trade was worth $129 billion in 2024. Earlier this month, the Trump administration had imposed 26 per cent tariffs on Indian goods which have been now paused.
Business: Netflix increased its revenue to $10.54 billion in Q1 2025. This is a 12.5 per cent increase from the same time last year and exceeds analysts’ expectations. The company is forecasting revenue of between $43.5 billion and $44.5 billion for 2025.
Markets: The dollar fell to a three-year low against the world’s major currencies yesterday. It comes after President Trump criticised the Chair of the US Federal Reserve, Jerome Powell, last week for not lowering interest rates. President Trump also said that the “termination” of Powell as Chair “cannot come fast enough”.
Foreign Affairs: Following Pope Francis’s death yesterday, his funeral is expected to take place within four to six days. Voting by the College of Cardinals for a new People typically happens within 15 to 20 days. Of the 252 Cardinals, only 132 may vote because those over the age of 80 are not allowed to vote.
Security and intelligence: Iran’s Foreign Minister, Abbas Araqchi, is visiting China today. It comes ahead of a third round of discussions between the US and Iran on Iran’s nuclear capabilities later this week. Araqchi has said that Iran has always had “close consultations with our friends China and Russia” on the “nuclear issue”.
Domestic politics: The UK Government has said that it is launching 750 breakfast clubs for children across the UK today. The programme will provide 30 minutes of free childcare which the Government says will help parents “get up to 95 hours back a year”. Details on a national roll-out have not yet been published.
The Mighty Calendar
What’s happening today?
Earth Day
IMF World Economic Outlook report published
UK Chancellor travels to IMF Spring Meeting, Washington DC
Justice Questions in UK Parliament
Eurozone consumer confidence data (April)
Company results from: 3M, Lockheed Martin, Moody’s, Tesla, SAP
Lookahead to tomorrow
St George’s Day
UK Turner Prize shortlist announced
Prime Minister’s Questions in UK Parliament
UK, US, EU, Japan manufacturing and services growth data (April)
UK Government borrowing data (March)
US new homes sales data (March)
South Korea GDP data (Q1 2025)
Company results from: Heathrow, Boeing, Chipotle, AkzoNobel, Babcock
The Mighty Finale
🌤️Weather today
Sunny spells across most of England but light rain in the southwest. High of 18C and low of 9C in London. Heavy rain in Belfast and sunny intervals in Edinburgh.
✏️Life coaching quote of the day
“Decisions without actions are worthless.” – W. Clement Stone, business and motivational writer
Mighty takeaway: Take action – it’s the only way things will change for you.
That’s it for this Tuesday. Thanks for reading and we’ll see you tomorrow.
Adios!
The Mighty Memo team