Squawk on the Street White House vs. the Fed, Nvidia's Stock Slump, EchoStar Soars on $17B SpaceX Deal 9/8/25
Sep 8, 2025
Explore the tug-of-war between the White House and the Fed over economic policies, including tariff impacts. Discover why Nvidia is facing a four-week stock slump and how EchoStar's shares skyrocketed after a $17 billion deal with SpaceX. The conversation also touches on AppLovin and Robinhood joining the S&P 500, and a media shake-up with a high-profile departure from SiriusXM. Delve into shifting consumer behaviors towards value retailers and the evolving landscape for tech stocks.
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Tariffs Are Fiscal Leverage And Risk
- The White House views tariffs as both leverage and a meaningful revenue source for the Treasury.
- A Supreme Court ruling against the tariffs could materially worsen the budget picture and political negotiating power.
Corporate Silence Masks Private Pushback
- Business leaders are largely silent publicly about attacks on the Fed, but private dissent exists and matters politically.
- Ken Griffin's Wall Street Journal op-ed signals notable corporate pushback that could affect credibility debates.
Nvidia Slump vs. Persistent Data-Center Demand
- Nvidia faces a brief market pullback amid Broadcom competition and AI deployment questions.
- Deal-makers report no slowdown in data-center buildouts despite headline worries about AI spending.