Wall Street Breakfast Seven & i names new CEO, plans U.S. IPO, buyback
Mar 6, 2025
Seven & i has named its first foreign CEO and is gearing up for a U.S. IPO along with a stock buyback plan. Meanwhile, SpaceX admits Starlink is only a partial solution for air traffic systems, and Victoria's Secret reports strong earnings but warns of upcoming challenges. In other news, Trump's delay on tariffs for automakers creates ripples in the automotive sector. Join the conversation as economic updates unfold and market trends are analyzed!
AI Snips
Chapters
Transcript
Episode notes
7&I Restructuring
- 7&I is appointing its first foreign CEO and enacting a significant stock buyback.
- They are also planning a U.S. IPO for their 7-Eleven business.
Starlink Clarification
- SpaceX clarified that Starlink is not receiving U.S. government contracts, contrary to media reports.
- They are working with the FAA on tests, but have no plans to replace existing contracts.
Victoria's Secret Performance
- Victoria's Secret's Q4 sales rose 1%, exceeding expectations despite macro environment uncertainty.
- However, they issued lower-than-expected guidance for Q1 and fiscal year 2026.