Prof G Markets Stocks Fall to Start September, Kraft Heinz Breaks Up & Why Constellation Brands Has a Beer Problem
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Sep 3, 2025 Robert Moskow, Managing Director at TD Cowen, joins to elucidate Kraft Heinz's strategic breakup into two focused companies. He discusses the impact on investors and the consumer market as the brand pivots towards high-growth products. The conversation also touches on Constellation Brands' decline due to changing consumer behaviors, particularly among younger demographics, and the broader challenges within the beverage industry. Ed and Scott provide a backdrop of a turbulent Wall Street as they analyze current market dynamics and geopolitical shifts.
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Markets React To Policy And Geopolitics
- Wall Street sold off early-September as yields rose, the dollar climbed, and gold hit records amid uncertainty.
- Market moves reflected policy and geopolitical risks, not just fundamentals.
Geopolitical Shift Threatens U.S. Hegemony
- Scott warns that Trump's actions and tariff rulings risk pushing India toward China and Russia.
- A strengthened India-China-Russia axis could reshape global trade and geopolitics.
Unbundling To Remove Conglomerate Discount
- Kraft Heinz is splitting into a growth-focused arm and a slower staples arm to escape a conglomerate discount.
- The split aims to surface value by creating purer, more investable businesses.