SOTS 2nd Hour: Steeling For More Tariffs, The Energy Outlook - Plus: CEOs of Hilton and Bristol Myers Squibb 6/2/25
Squawk on the Street
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Economic Trends and Tariff Implications
This chapter analyzes the latest economic data, focusing on concerning trends in construction spending and manufacturing indicators while discussing the implications for interest rates and equity markets. It also highlights recent developments in tariffs, particularly on steel and aluminum imports, and their potential impacts on trade and local infrastructure projects. Additionally, the chapter examines signs of stagflation and the resilience of the labor market amidst these economic challenges.
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