Squawk on the Street The Nvidia Rally, 2025 Stock Picks, & an Exclusive: Turo CEO talks safety concerns 1/3/25
Jan 3, 2025
Andre Haddad, CEO of Turo, shares insights on the car rental app's safety measures after recent incidents have sparked concern. He discusses how Turo is enhancing security protocols and working to build trust among users. The conversation also touches on the impact of broader market trends and how tech companies are adapting in today's economic climate. Haddad emphasizes the importance of community responses to safety issues and reflects on the evolving landscape of the car-sharing industry.
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Market Sensitivity to Growth
- The market wants reassurance that growth rates are pointing in the right direction.
- Bond yields perked up upon the release of positive economic numbers, indicating market sensitivity.
Bond Yield Drivers
- Bond yield increases are due to increased growth expectations, changes in the Fed’s outlook, and policy uncertainty.
- This uncertainty revolves around whether fiscal policy will further stimulate an already healthy economy, potentially hindering inflation reduction.
Investment Strategy for 2025
- Consider both the winners of 2024 and neglected themes when making investment decisions.
- Secular growth drivers like AI and software remain strong, but opportunities exist in areas like capital markets and travel.