CNBC's "Fast Money" 2025 IPO Predictions, Tariff Risks 11/26/24
Nov 26, 2024
The podcast dives into the potential effects of the president-elect's proposed tariffs on trade relationships with key countries like Mexico and China. It examines tech market performances, focusing on companies like Dell and NVIDIA amidst supply chain challenges. CrowdStrike's strong earnings report faces scrutiny due to a global tech outage. There's an analysis of the surge in stock indices alongside Amgen's disappointing obesity drug trial. The discussion wraps up with insights on IPO dynamics and trends in the retail sector, highlighting shifting consumer behaviors.
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Trump's Tariff Threat
- President-elect Trump's tariff threats against Mexico, Canada, and China caused market fluctuations.
- Despite initial stock sluggishness, the S&P 500 and Dow closed at new record highs.
Tariff Threat Details
- Trump's tariff threats aim to stop illegal immigration and fentanyl flow, primarily through Mexico.
- He plans additional tariffs on China if these issues persist, prompting responses from both countries.
Market Reactions to Tariffs
- The equity market seems unconcerned about tariff threats, but the bond market might react differently.
- The increasing cost of servicing the national debt, projected to be $1.5 trillion next year, raises concerns about the potential inflationary impact of tariffs.