Squawk on the Street SOTS 2nd Hour: Strong Jobs Drive Gains, Amazon & Apple Earnings, Plus: Live From Omaha 05/02/25
May 2, 2025
Strong jobs data is driving stock market gains, with insights into the performance of major tech names like Apple and Amazon. Experts weigh in on the implications for future Federal Reserve moves and the ongoing tariff discussions with China. The podcast also analyzes key points from President Trump’s 2026 budget proposal, including shifts in defense spending amid geopolitical tensions. Plus, there's a live report from Omaha ahead of Berkshire Hathaway's annual meeting, highlighting investor sentiment and company strategies.
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Jobs Report Shows Economic Resilience
- The April jobs report was a relief, showing resilience despite tariffs and economic uncertainty.
- Wage growth was moderate, easing inflation fears, but the market expects a gradual labor cooling ahead.
Apple's Tariff Strategy and India Boost
- Apple navigates tariff impacts skillfully with a supply chain mastery under CEO Tim Cook.
- The India market growth is a strategic life raft, supporting optimism past short-term challenges.
Amazon Sees Tariff Challenges as Opportunities
- Amazon posted a mixed quarter with earnings beat but cloud growth miss and cautious guidance.
- CEO Andy Jassy remains optimistic, seeing tariff challenges as opportunities and expects delivery scale to outperform.