From CNBC: 2025-04-04 18:32:00

President Donald Trump’s new tariffs caused global stocks to fall for a second day. Jim Cramer says upcoming earnings reports will reveal how CEOs are handling the fallout. The market’s direction depends on Trump’s next move, with relief to trading partners potentially ending the tariff-driven market rout.

Levi Strauss reports earnings Monday amid concerns over tariffs. PVH posted positive results, giving hope that Levi Strauss may beat expectations. Walgreens and Cal-Maine Foods report Tuesday, providing insight into the health of the retail and egg industries.

Delta Air Lines and Constellation Brands report earnings Wednesday. Tariffs on Mexico may impact Constellation Brands. CarMax posts earnings Thursday, with potential sales boosts from new car tariffs. The Bureau of Labor Statistics also releases the consumer price index report.

BlackRock and big banks report earnings Friday, but economic concerns due to tariffs could continue to pressure their stocks. Cramer emphasizes the importance of Trump’s actions in potentially turning the bear market into a bull. The Federal Reserve faces tough decisions on interest rates amid rising inflation and tariffs.



Read more at CNBC:: Banks kick off critical earnings season