Watch Ford Motor, S&P 500, Berkshire, and More on Tuesday

On Monday, Ford Motor (F) posted first-quarter results that beat expectations. However, it suspended its guidance for 2025, blaming the impact of $2.5 billion from tariffs.Ford will proactively manage sales volumes and product pricing to reduce the tariff costs by $1 billion. By comparison, General Motors (GM) is expecting $4 billion to $5 billion in tariff costs. GM’s supply chain relies more on foreign part imports than Ford's.The S&P 500 (IVV) may face a fresh round of selling pressure. The index enjoyed a 9-session winning streak. However, Trump announced a 100% tariff on movies that Hollywood firms produce outside the U.S. The industry does not know how the U.S. would collect the tariffs, creating uncertainties. Shares of Paramount (PARA), Disney (DIS), and Warner Bros (WBD) fell on Monday.Berkshire Hathaway (BRK) erased recent gains by closing down by 5.12% on Monday. The firm posted weak operating earnings, hurt by higher insurance-related costs. CEO Warren Buffett announced that he would step down. Vice Chairman Greg Abel will replace him. Buffett will retain his chairman title.Apple (AAPL) and Tesla (TSLA) led the decline in tech stocks. Investors will watch food services firms like Starbucks (SBUX) and Chipotle (CMG) today. The bounce from April’s lows is losing momentum for these firms.