Squawk on the Street Cramer Rings NYSE Opening Bell, Bessent Speaks, Earnings Parade 4/29/25
10 snips
Apr 29, 2025 Bob Bassani, a seasoned stocks correspondent, shares expert insights on the markets' response to recent earnings reports from giants like General Motors and Coca-Cola. He also discusses the complexities of trade negotiations and their impact on the auto industry amidst tariff-related uncertainties. The conversation highlights the legacy of financial media, celebrating two decades of 'Mad Money' while addressing emerging technology trends. Bassani delves into the competitive dynamics between the U.S. and China in robotics and energy, revealing significant implications for the markets.
AI Snips
Chapters
Transcript
Episode notes
Market Reacts To Uncertain Tariffs
- The market is cautious about trade talks with no concrete tariff agreements yet, leading to knee-jerk reactions in stocks like Amazon.
- Progress on trade with India, South Korea, and Japan seems close but remains uncertain and subject to lengthy negotiations.
Investors Should Avoid Trade Noise
- Investors as traders might act on daily trade news, but true investors should avoid chasing uncertain deal news.
- Memorandums of understanding in trade talks take time and don't guarantee immediate market impact.
Tariffs and Supply Shock Risks
- The White House anticipates no supply shocks from tariffs as retailers have prepared inventories.
- If supply shocks do occur, it could have significant political repercussions due to consumer reactions.