WSJ's Take On the Week What to Watch For This Earnings Season As Trump’s Tariffs Come Into Play
10 snips
Apr 5, 2025 
Christine Short, Head of Research at Wall Street Horizon, shares valuable insights on corporate earnings and market trends. She reveals the impact of President Trump's new tariffs on automotive giants like General Motors and Ford. The discussion dives into how companies like Delta Air Lines and CarMax may reflect changing consumer sentiments and market conditions. Short provides forecasts for major retailers, highlighting adaptation strategies amidst rising costs and growing uncertainties as the earnings season approaches.
AI Snips
Chapters
Transcript
Episode notes
Tariff Policy Changes
- The White House imposed a 10% tariff on all imports and higher rates for certain countries.
- A 25% duty on foreign cars was also announced, exceeding market expectations.
Key Earnings to Watch
- Delta Air Lines' earnings will indicate consumer sentiment and optimism about the future.
- CarMax's performance will be interesting given the potential impact of tariffs on used car prices.
Tariff Impact on Earnings
- Over half of S&P 500 companies mentioned tariffs, mostly negatively, in Q4 reports.
- Many companies plan to pass tariff costs onto consumers due to the higher percentage and immediate nature of the tariffs.