Wall Street Breakfast Nippon Steel rethinks US Steel deal
Feb 10, 2025
Nippon Steel is considering a significant shift in its bid for U.S. Steel, spurred by government insights on investment potential. TSMC anticipates lower Q1 revenue due to a recent earthquake. Meanwhile, Boeing plans to lay off 400 employees from its moon-rocket initiative. The podcast also highlights financial trends, including worries from Disney about rising vacation costs and expectations of no Fed rate cuts this year, amidst discussions on various industries and stock movements.
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Nippon Steel Reconsiders Bid
- Nippon Steel is reconsidering its U.S. Steel bid, aiming for a 'win-win'.
- This involves significant investments and high-quality product production.
TSMC Q1 Outlook
- TSMC expects lower Q1 2025 revenue due to a January earthquake.
- The earthquake caused $161 million in losses after insurance claims.
Boeing Job Cuts
- Boeing is cutting 400 jobs in its space launch system (SLS) program.
- This is due to revisions to the Artemis program and its associated costs.