Squawk on the Street SOTS 2nd Hour: Goldman Chief U.S. Equity Strategist, Apple WWDC Takeaways, and McDonalds: Not Lovin it? 6/10/25
Jun 10, 2025
David Koston, Chief U.S. Equity Strategist at Goldman Sachs, brings his expertise to the discussion on navigating market volatility. He shares insights on expected economic data trends and the rise of optimism in small businesses. The hosts delve into Apple’s underwhelming WWDC presentation and its impact on shares, while Disney's CEO outlines strategies for dominating the streaming wars. Additionally, the analysis of McDonald's concerning its recent downgrade raises questions about consumer value perception in the fast-food landscape.
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Consumer Habits Impact Companies
- Smucker's struggles due to tariffs and changing consumer snacking habits hurt its performance.
- Casey's General Stores succeeded by targeting younger consumers and offering popular products like breakfast pizza.
Tariffs Impact Market Outlook
- Tariff uncertainty causes near-term market volatility but the market expects resolution leading to longer-term gains.
- Companies with stable high gross margins are better positioned to maintain profitability amidst tariffs.
Disney's Streaming Strategy
- Disney chose to keep and integrate linear TV with streaming, improving profitability and marketing synergies.
- Buying Comcast's Hulu stake consolidates their streaming offerings and strengthens competitive position.