Bloomberg Businessweek Stocks Climb on Economic and Trade Optimism
May 27, 2025
Mark Gurman, Bloomberg's Managing Editor for Global Consumer Tech, reveals the challenges Apple faces amidst trade tensions and production pressures. Meanwhile, Nate Rempe, CEO of Omaha Steaks, discusses rising beef prices and the shift towards home cooking. He highlights the company's commitment to high-quality Wagyu beef and their unique promotional strategies. The conversation also touches on the optimism surrounding U.S. trade talks and its positive impact on market sentiment.
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Cautious Credit Market Outlook
- Credit markets rallied due to investor positioning and positive data despite tariff concerns.
- Soft data impacts may emerge later, potentially widening credit spreads in summer.
Supply Chain Strategy Matters
- Companies with diversified or on-shored supply chains weather tariffs better.
- Those that simply stocked inventory got penalized in the credit market.
US iPhone Production Unfeasible
- Producing iPhones in the U.S. is unfeasible and would cost far more than paying tariffs.
- The 25% tariff Apple faces may actually be manageable compared to relocation costs.