CNBC's "Fast Money" A Special Edition Of Fast Money… And Stocks Turn Lower On Trump, Musk Feud 6/5/25
Jun 5, 2025
Gary Cohn, Vice Chair of IBM and former director of the National Economic Council, joins the discussion on a brewing feud between Trump and Musk and its market repercussions. The conversation dives into how this rivalry impacts Tesla stock and broader investor sentiment. Cohn elaborates on the effects of geopolitical tensions on major companies and shares insights on navigating market forces. They also explore the potential for a recession and its implications for investment strategies among popular firms like Nike and Home Depot.
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Trump-Musk Feud Shakes Markets
- The Twitter feud between Trump and Musk has shaken Tesla's stock dramatically, showing how personal conflicts can impact markets.
- This conflict risks affecting broader technology and political landscapes, hinting at deeper consequences beyond stock prices.
Tesla Faces Regulatory Risks
- Trump's threat to remove Tesla government subsidies could severely affect Tesla's business given regulatory agency ties.
- Tesla investors should watch closely as regulatory leverage could become a battleground for this corporate-political conflict.
Tax Cuts are Economic Keystone
- Not rolling over Trump's 2017 tax cuts would severely harm markets and economy, something not widely discussed.
- The deficit crisis largely stems from extending these tax cuts, creating a complex political and economic dilemma.