Squawk on the Street SOTS 2nd Hour: Big Tech On Deck, Huawei vs. Nvidia, and Spring Selling Concerns 4/28/25
Apr 28, 2025
Stefan Selig, founder of Bridge Park Advisors and former commerce undersecretary, shares insights on the shifting tech landscape and trade tensions. He dives into Huawei's competition with Nvidia, showcasing the rise of homegrown AI chips amidst U.S.-China sanctions. The discussion touches on the evolving concerns over tariffs, particularly their impact on small businesses like toy manufacturers. Additionally, Selig explores how the housing market is bracing for a challenging spring selling season amid economic uncertainty.
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Cost Control Amid Tariff Uncertainty
- Companies are focusing on controlling costs as tariffs and exchange rate uncertainties persist.
- Capital spending plans are declining, indicating cautious investment amid economic uncertainty.
Market Relief vs. Future Growth
- Market rebound reflects relief from worst tariff fears, but future optimism depends on tariff rollbacks.
- Earnings guidance is expected to be cautious amid ongoing trade tensions.
Toy Industry Tariff Impact
- Small and midsize U.S. toy companies are delaying or canceling orders due to high tariffs on Chinese imports.
- Concerns grow over potential shortages and inflation impacting American consumers this holiday season.