Squawk on the Street Tariffs and Record Highs, Nvidia $4T and Beyond, Interview with NFL Commissioner Goodell 7/10/25
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Jul 10, 2025 The discussion kicks off with President Trump's controversial tariff announcements, setting the stage for market reactions and tech highs. Nvidia's remarkable valuation milestone steals the spotlight, along with insights from Jim on its past performance. NFL Commissioner Roger Goodell shares exciting streaming strategies, aiming to enhance fan engagement amidst media rights changes. Delta Airlines' soaring stock after impressive earnings is explored, while a potential acquisition in the food sector makes headlines. Also, insights into evolving trade dynamics and tech trends highlight the current business landscape.
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Tariffs Driven by Politics Not Trade
- The Trump administration imposed 50% tariffs on copper and Brazilian goods for political reasons rather than trade deficits.
- This unprecedented tactic surprised trading partners who had been good allies, disrupting usual diplomatic protocols.
Environmental Rules Limit Copper Supply
- U.S. copper supply is limited by environmental regulations that closed seven major smelters.
- Reopening smelters could reduce import dependence and improve domestic copper production significantly.
NFL Expands Streaming Reach
- The NFL extends its media reach by streaming games on platforms like YouTube to reach fans globally.
- Making games accessible where fans are helps grow the audience and engage key demographics.