Squawk on the Street Trump’s Reciprocal Tariffs, Momentum Names Rally, LIVE: Robinhood CEO 2/13/25
Feb 13, 2025
Vlad Tenev, CEO of Robinhood, discusses the company's recent performance and future prospects. He dives into the impact of retaliatory tariffs on the stock market and highlights Robinhood's impressive trading surge. The conversation also touches on market dynamics influenced by the Producer Price Index and investor sentiment shifts towards AI. Tenev reveals how Robinhood is navigating the evolving landscape while shedding light on upcoming trends that could shape the trading platform's future.
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Market Resilience
- Markets are holding steady despite a hotter-than-expected PPI number and potential retaliatory tariffs.
- This resilience suggests the market can handle current conditions without further Fed intervention.
Cisco's AI Growth
- Cisco is experiencing growth due to increased AI infrastructure orders and a cheap stock valuation.
- Their limited exposure to government spending outside the Defense Department further supports their position.
Reciprocal Tariffs
- President Trump plans to announce reciprocal tariffs, but details remain fluid due to ongoing discussions.
- He resists exemptions, aiming to reset trade relationships despite potential short-term pain.