Squawk on the Street SOTS 2nd Hour: Tariff Updates, Earnings Wrap-up, and Is This Rally Real? – plus: Coca-Cola CEO Talks Results 4/29/25
Apr 29, 2025
James Quincey, CEO of Coca-Cola, shares insights on the company's impressive earnings and its adaptive strategies amid economic shifts and consumer behavior trends. Megan Casella, a White House reporter, provides updates on crucial tariff discussions impacting the auto industry. Together, they delve into the implications of tariff changes, the evolving landscape for automakers, and the overall market dynamics. The conversation also highlights how consumer demand and corporate strategies are intertwined during this critical economic period.
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Coca-Cola's Localized Model
- Coca-Cola's business model is deeply local, minimizing exposure to tariffs and import/export risks.
- This localization allows Coca-Cola to manage costs effectively despite global uncertainties.
Tariffs Increase Recession Risks
- Tariff uncertainty raises recession risks due to supply disruptions and price pressures.
- The U.S.-China trade conflict creates a significant economic vacuum with hard-to-replace dependencies.
Auto Tariff Relief Announced
- The White House announced auto tariff relief consisting of tariff de-stacking and a rebate incentive.
- This aims to support reshoring manufacturing but still preserves the 25% tariff on autos and parts.