The Rundown Trump Enacts New Round of Tariffs, Amazon Settles FTC Suit for $2.5B
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Sep 26, 2025 The podcast dives into President Trump's unexpected tariffs on pharmaceuticals and furniture, stirring market reactions. Insights into August's PCE inflation report hint at a potential Fed rate cut. Amazon's hefty $2.5 billion FTC settlement is unpacked, revealing details on Prime enrollment issues. Meanwhile, Meta is exploring using Google's Gemini for ad optimization. Plus, the NFL opens doors for private equity investments, with teams like the Patriots seeing soaring valuations.
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Market Reversal And Fed Outlook
- Stocks fell three straight days after a strong early September run, showing market sentiment can reverse quickly.
- The Fed is likely to cut rates if inflation stays near expectations and labor conditions remain stable.
Tariffs Could Raise Inflation — Yet PCE Stayed Calm
- President Trump's new tariffs surprised markets and could be legally challenged by the Supreme Court.
- Tariffs risk pushing inflation higher, but the August PCE and core PCE stayed near 2.7–2.9%, keeping rate-cut bets intact.
Meta May Use Google's Gemini
- Meta is reportedly in talks to use Google's Gemini models to improve ad targeting, signaling collaboration despite competition.
- The move suggests Meta's own Llama models haven't met expectations and underscores Google's AI leadership.