Make Me Smart The new face of Trump’s tariffs plan
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Nov 21, 2024 The potential appointment of Howard Lutnick as Secretary of Commerce could reshape Trump's tariff strategies. Mixed earnings from retailers like Target and Walmart highlight changing consumer habits. The Justice Department is taking aim at Google's dominance in online search, stirring discussions on market competition. Meanwhile, Bitcoin is soaring towards a record high, prompting fascination with its future and the implications of a crypto-friendly administration.
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Lutnick's Role in Tariff Plan
- Howard Lutnick, CEO of Cantor Fitzgerald, has been chosen as Commerce Secretary.
- This appointment is significant due to Trump's focus on tariffs as a central economic policy.
Target's Earnings Dip
- Target's earnings call revealed declining sales and lower profits, causing a stock drop.
- Consumers are buying fewer big-ticket items but are purchasing smaller decorative items.
Consumer Spending Habits
- Kimberly Adams admits to buying fewer large items but more luxury candles recently.
- Kyle Rizdolf observed people stocking up on big-ticket items before anticipated tariff price hikes.