SOTS 2nd Hour: Tariffs Whiplash: Latest Developments, GDP Breakdown + Nvidia Earnings Takeaways 5/29/25
Squawk on the Street
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Economic Indicators and Trade Turbulence
This chapter explores the current state of the housing market, emphasizing declines in pending home sales and the surge in new home sales driven by builders. It discusses the implications of recent tariffs on consumer prices and unemployment claims, alongside a notable court ruling affecting trade negotiations. The conversation shifts to NVIDIA's earnings and the broader stock market's recovery challenges amidst cyclical industry dynamics and export restrictions.
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