Geopolitics Alpha

Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC

Published . Updated .

Key takeaways

  • Exposed: XLI, XRT, CAT, DE, WMT
  • Market reaction: XRT −1.8% on the day (still updating); XLI +1.2% on the day (still updating); NKE −2.2% on the day (still updating)

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GEOPOLITICS ALPHAGlenn Stevens Jr. Talks Tariffs,Trade, and Michigan’s AutomotiveIndustry With CBCGEOPOLITICS ALPHA

This report is about tariffs and trade.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR-0.3% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • CAT Caterpillar-24.1% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • DE Deere-2.4% 30d

    Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • WMT Walmart+16.0% 30d

    Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • NKE Nike+8.4% 30d

    Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLI-1.06%+0.22%base+1.20%after closeafter closeafter close
XRT-3.55%-1.68%base-1.75%after closeafter closeafter close
CAT+16.30%+5.44%base+1.56%after closeafter closeafter close
DE-4.18%-1.10%base+0.17%after closeafter closeafter close
WMT-6.59%-5.06%base-2.01%after closeafter closeafter close
NKE-4.04%-1.81%base-2.16%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC MichAuto

Source: MichAuto

How far Select Sector Spdr Tr (XLI) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Caterpillar (CAT)that day+1.56%still updating
Caterpillar (CAT)three days earlier+5.44%final price
Caterpillar (CAT)five days earlier+16.30%final price
Deere (DE)that day+0.17%still updating
Deere (DE)three days earlier-1.10%final price
Deere (DE)five days earlier-4.18%final price
Nike (NKE)that day-2.16%still updating
Nike (NKE)three days earlier-1.81%final price
Nike (NKE)five days earlier-4.04%final price
Walmart (WMT)that day-2.01%still updating
Walmart (WMT)three days earlier-5.06%final price
Walmart (WMT)five days earlier-6.59%final price
Select Sector Spdr Tr (XLI)that day+1.20%still updating
Select Sector Spdr Tr (XLI)three days earlier+0.22%final price
Select Sector Spdr Tr (XLI)five days earlier-1.06%final price
Spdr Series Trust (XRT)that day-1.75%still updating
Spdr Series Trust (XRT)three days earlier-1.68%final price
Spdr Series Trust (XRT)five days earlier-3.55%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Select Sector Spdr Tr (XLI)

Companies mentioned with this story

  • XLI Select Sector Spdr Tr

    In “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • XRT Spdr Series Trust

    For “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • CAT Caterpillar

    Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • DE Deere

    In “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • WMT Walmart

    In “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • NKE Nike

    Nike (NKE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC.” Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

Select Sector Spdr Tr (XLI)

Select Sector Spdr Tr (XLI) is the company in “Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC,” the 3 Nov 2026 this story story.

Select Sector Spdr Tr (XLI) is on the page because Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

A second company, Spdr Series Trust (XRT), is listed for a different reason: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Dates and price levels for Select Sector Spdr Tr (XLI)

CAT traded between 609.97 and 876.39 across 20 sessions. The latest close on file is 613.64. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

A simple score for Select Sector Spdr Tr (XLI)

46 out of 100Price not final

“Glenn Stevens Jr. Talks Tariffs, Trade, and Michigan’s Automotive Industry With CBC” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.