Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

Judges this week determined that Google and Meta Platforms could possibly own monopolies.

To that, we respond: Yeah… we know.

By definition, a monopoly is a market where a single seller dominates. This defines Alphabet $GOOGL ( ▼ 1.42% ) to a T. (Or an A?) Google is the LeBron James of internet search: dominant for two decades with no signs of slowing down.

After Bing and Yahoo, can you even name the next biggest search engine? Seriously. Take the quiz at the end and try.

Then there’s Meta $META ( ▼ 0.17% ) , which owns Facebook, Instagram, WhatsApp, and Threads and reaches a cool 3.24 billion people daily — or almost half of Earth’s population.

But we’re not exactly holding our breath for a breakup. The case will probably get buried after Google threatens to release the judge’s search history.

Market Review:

Major stock indexes continued to slip this week, as companies, investors, and economists alike weighed the impact of President Trump’s tariff policies.

The trade war also accelerated between the US and China, with neither country backing down from its sky-high tariff policies. The silver lining? This standoff has seemingly benefited Chinese manufacturers, with the e-commerce apps Taobao and DHgate climbing the App Store charts.

It has not, however, benefited US equities on the whole. The Dow Jones Industrial Average dropped more than 2% on the week, pulled down by a massive 24% single-day drop by UnitedHealth Group on Thursday. The tech-heavy Nasdaq Composite also fell more than 2%, while the S&P 500 finished the week down by around 1.5%.

Market Preview:

On Monday, investors will get an update on the monthly CB Leading Index.

Tuesday, Earth Day, will feature speeches from two Fed presidents: Patrick Harker and Neel Kashkari. The Richmond Fed Manufacturing Index will also be released.

Wednesday will bring an update to the 30-year fixed mortgage rate, speeches from two more Fed presidents, updates to S&P Manufacturing PMI indexes, and new home sales.

On Thursday, we’ll get durable goods orders, initial jobless claims, and existing home sales.

Finally, on Friday, the University of Michigan will release its latest gauge of consumer sentiment and expectations.

Jokes aside, this case could have massive implications.

With AI on the rise and Google facing a potential breakup, in a few years from now, the internet as we know it could look way different.

This potential paradigm shift could materialize in a few ways:

• Dozens of different competing search engines

• Everyone uses LLMs like ChatGPT

• A world where humanity loses faith in the internet entirely and human-written niche newsletters reign supreme

Okay. So that last one might not be realistic. But a man can dream.

We want Pumpin’ Powell, not Dumpin’ Powell.

Federal Reserve Chair Jerome Powell has gotten his fair share of flak from market observers over the past couple of years. But to his credit, he did help to keep the US economy stable and resilient during the pandemic.

And his, uh, consistent comments (seriously, does he just copy-paste every speech?) have made for a surprising source of solace amid growing uncertainty.

Now, President Trump is making it a personal mission to remove the nation’s highest-ranking finance official. That’ll be sure to introduce some much-needed certainty.

Netflix’s revenue and stock price are up nearly 10% YTD while the market is red.

Unfortunately for all of us, it looks like Netflix’s decision to crack down on password sharing has been paying off. Darn it.

QUESTION

This message includes a paid advertisement for RYSE Inc. The Street Sheet (SS) receives a flat fee from RYSE Inc totaling up to $7,500. Other than the compensation received for this advertisement sent to subscribers, The Street Sheet and its principals are not affiliated with RYSE Inc. This advertisement is sponsored by a third-party Reg A crowdfunding issuer and is for informational purposes only. The Street Sheet does not endorse or recommend any specific offering, and this advertisement should not be construed as a recommendation to invest. Investing in securities, including those offered through Reg A crowdfunding, involves risk, including the potential loss of principal. These investments are speculative, illiquid, and may involve a higher degree of risk compared to more traditional investments. The Street Sheet has not verified the information provided by the advertiser, and we encourage readers to conduct their own due diligence and consult with a licensed financial advisor or other qualified professional before making any investment decision. By engaging with this advertisement, you acknowledge that The Street Sheet and its affiliates are not responsible for any decisions or actions taken based on the information provided in this advertisement. All investments carry risks, and past performance is not indicative of future results. Readers should carefully review all information provided by the issuer, including the offering circular and any other available materials, prior to investing. The Street Sheet may receive compensation from the advertiser for promoting this offering. The Street Sheet and its principals do not own any of the stocks or shares mentioned in this email or in the article that this email links to. The Street Sheet is a research service not owned or managed by registered brokers and therefore this site does not make any investment recommendations. The information provided in this newsletter is not guaranteed as to accuracy or completeness. Each user of SS chooses to do trades at their sole discretion and risk. SS is not responsible for gains/losses that may result in the trading of these securities. This newsletter includes paid advertisements. The source of all third-party content in which SS receives some sort of compensation is clearly and prominently identified herein as "ad", "Sponsored", or “Together With”. Although we have sent you these advertisements, SS does not specifically endorse any third-party product nor is it responsible for the content, the accuracy, or the completeness of the advertisement or the experience with the third-party advertiser. Furthermore, we make no guarantee or warranty about what is in the advertisement. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. This communication from The Street Sheet is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of The Street Sheet. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. The information contained in this newsletter is subject to change without notice, and we do not undertake any obligation to update it. Readers are encouraged to conduct their own research and due diligence and seek advice from licensed professionals regarding their specific financial needs and circumstances. By reading this newsletter, you agree to hold us harmless from any and all losses, liabilities, costs, or expenses arising from your use or reliance on the information provided. There is no warranty as to the accuracy or completeness of the factual matters included in any advertisement or sponsored content in the newsletter. You have not performed any research on any entity, or its business, that advertises or submits any sponsored content. The Street Sheet is reader-supported. When you buy through links on our site, we may earn a commission.