Squawk on the Street SOTS 2nd Hour: Delta Flies High, Shark Tank’s Daymond John, Exclusive: MP Materials CEO 7/10/25
Jul 10, 2025
Rebecca Patterson, former Chief Investment Strategist at Bridgewater, shares her expertise on the dollar and equity markets, addressing the implications of changing tariffs for small businesses with Shark Tank’s Daymond John. They delve into how economic dynamics shape consumer behavior in retail and spending, particularly around back-to-school season. Patterson also discusses how a declining dollar impacts investment strategies and borrowing costs, while the CEO of MP Materials reveals exciting news about their new Pentagon contract, boosting stock values.
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Delta's Earnings Beat Boosts Shares
- Delta Air Lines beat quarterly earnings and reinstated its 2025 profit outlook, driving a 13% surge in shares.
- The airline's premium revenue continues to grow despite softness in economy class demand.
NVIDIA's Valuation Justified by AI
- NVIDIA's $4 trillion market cap reflects its unique position in the AI ecosystem and scarcity among stocks.
- Its valuation multiple is justified by durable earnings growth and AI-driven market demand.
Manage Tariffs by Diversifying Supply
- Businesses should seek alternative sourcing closer to their market, especially domestically, despite price increases.
- Front loading purchases is occurring to mitigate tariff impacts, but margins and consumer prices will likely suffer.