Squawk on the Street Retail Sales Slump, The Trump Trade, Gamestop’s Crypto Ambitions 02/14/25
Feb 14, 2025
The S&P saw a surprising rise, but retail sales took a dip, sparking concern. President Trump announced reciprocal tariffs, complicating trade negotiations. Gamestop is eyeing cryptocurrency, hinting at a bold new direction. The anchors dissected market shifts, examining how inflation and tariffs affect consumer behavior. Meanwhile, recent performances of travel brands like Airbnb and Tesla's future with self-driving tech added layers of intrigue in this volatile economic landscape.
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Market Reaction to Tariff Delays
- Markets are reacting positively to the delayed tariff plans from President Trump.
- Investors prefer tariffs later and lower, or not at all.
Trump's Reciprocal Tariff Plan
- President Trump announced a plan for reciprocal tariffs, causing uncertainty in the markets.
- He aims for direct talks with leaders like Xi Jinping and Putin, but the specifics are unclear.
Shein's IPO Delay
- Fast fashion group Xi'an delays IPO due to Trump's tariff plans affecting their business model.
- Their strategy relied on tariff-free imports, now jeopardized by new regulations.