Prof G Markets

World Bank Cuts U.S. Growth Outlook, Meta Invests in Scale AI, & Smucker’s Stock Tanks

106 snips
Jun 11, 2025
The World Bank reveals a stark forecast, slashing U.S. growth predictions by half this year. JM Smucker’s stock takes a hit following disappointing earnings, largely due to tariff impacts. Meanwhile, Meta makes a strategic move by investing in Scale AI, echoing acquisition patterns and raising questions about competition in the tech industry. The intertwining of tariffs and market trends presents a broader backdrop of economic worry that’s reshaping the landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Tariffs Slash US Growth Outlook

  • The World Bank cuts US growth forecast from 2.8% to 1.4% citing tariffs as the main cause.
  • Tariffs deteriorate global prospects and can deeply harm living standards without swift correction.
INSIGHT

US Growth Slowdown Risks Debt Crisis

  • US growth decline doubles time to double GDP from 25 to 50 years, worsening debt sustainability.
  • Current economic policy is "global stupidity," harming US and trade partners simultaneously.
INSIGHT

Tariffs and Weight-Loss Drugs Impact Junk Food

  • JM Smucker's earnings reveal tariffs causing price hikes, with coffee prices up 20% year-over-year due to green coffee tariffs.
  • Absence of any mention of GLP-1 weight loss drugs suggests the company avoids acknowledging a major disruptive threat.
Get the Snipd Podcast app to discover more snips from this episode
Get the app