Squawk on the Street SOTS 2nd Hour: Lululemon Founder Sounds Off, the NBA's Return To China, & Amazon: Buy, Sell, or Hold? 10/10/25
15 snips
Oct 10, 2025 
Chip Wilson, the founder of Lululemon, passionately criticizes the company's board and governance, suggesting a drastic overhaul to revive the brand's spirit. Mark Mahaney provides insights into Amazon’s Prime Day performance and emphasizes the crucial role of AWS in driving stock value. Gabriella Santos discusses the macroeconomic landscape, weighing Fed policy against consumer trends and labor market dynamics. The convergence of these topics paints a complex picture of today's market, highlighting innovation, governance, and the challenges facing major companies.
AI Snips
Chapters
Transcript
Episode notes
Fed Views: Normalization Over Accommodation
- The Fed sees current policy as normalization, not accommodation, reducing odds of near-term aggressive easing.
- GDP strength may give way and slow in Q4, so the Fed watches growth momentum closely.
Consumer Data Is Noisy And Uneven
- Consumer spending shows noise: weak Q1, strong Q2-Q3 rebound, and early October slowdown in discretionary spending.
- That unevenness makes cyclical rallies riskier despite decent earnings expectations.
Retailers Must Explain Margin Plans
- Retailers should focus investor attention on margins and how they manage tariff costs heading into Q4.
- Watch management commentary on passing costs or cutting expenses to preserve margins.