Squawk on the Street Markets Extend Rally, Boeing CEO Exclusive, Musk’s DOGE Comments Overshadow Tesla's Miss 04/23/25
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Apr 23, 2025 Markets are on a rally, fueled by Trump’s assurance on Fed Chair Powell’s position and insights on China tariffs. Boeing's CEO shares optimistic quarterly results, reflecting a recovery with strong demand. Meanwhile, Tesla faces challenges after a disappointing earnings report, though Musk is shifting focus away from DOGE to ambitious tech innovations. The discussion dives into the tech sector's mixed performance, investment strategies in data centers, and implications of potential tariff reductions on U.S.-China trade.
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Trump Calms Market Fears
- The stock market rallied after President Trump stated he has no intention to fire Fed Chair Powell.
- This softened stance and hope for de-escalation with China helped ease market fears.
Boeing Recovers Amid Tariffs
- Boeing posted better than expected Q1 results and progress toward positive free cash flow.
- Despite tariffs affecting deliveries to China, Boeing plans to redirect or remarket planes to other customers.
Tesla Rally Despite Earnings Miss
- Tesla missed earnings but rallied due to Elon Musk's plan to spend less time on DOGE and focus more on Tesla.
- Investors are optimistic about Tesla's robotaxi and automation future despite brand damage.