Squawk on the Street SOTS 2nd Hour: Pepsico CEO, Ferrari Hits The Brakes, & AI's Workforce Impact 10/9/25
Oct 9, 2025
Ramon LaGuarta, CEO of PepsiCo, dives into the company’s quarterly results, highlighting a resilience in global consumer demand and strategic innovations for snacks and beverages. He discusses the challenges of middle-income consumers and shares his vision for growth through M&A and innovation. Jim O'Neill, former U.K. Treasury minister, analyzes the recent rally in gold prices and AI's potential productivity benefits, as well as its complex impact on labor markets amid Fed policy uncertainties.
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Alternative Data Fills The Fed's Blind Spot
- Alternative, real-time data is filling gaps caused by the government shutdown and missing official reports.
- Goldman Sachs' jobs tracker suggests a modest uptick in September, indicating labor market resilience.
Food Prices Showing Stability, Not A Spike
- Consumer Edge's weekly CPG pricing shows no large recent spike in grocery prices, suggesting food inflation remains relatively stable.
- The disinflation trend has stalled but hasn't turned into a sharp reacceleration above 3% CPI.
Double Down On Basics And Brand Restages
- Execute the basics and relaunch core brands to recover snack volumes after operational disruptions.
- Pair pricing, execution, and targeted innovation to restore growth and margin in the Frito business.