Squawk on the Street Trump Tariffs Countdown, Tesla's Delivery Miss, Triple Whammy for Musk 4/2/25
Apr 2, 2025
Wall Street anticipates a major tariff announcement from President Trump, raising concerns for global markets. Meanwhile, Tesla faces a rough patch with disappointing delivery numbers and declining sales in China. A significant political loss for Musk's endorsed candidate in Wisconsin adds to his troubles. The podcast also highlights the competitive dynamics between MasterCard and Visa, and explores the intriguing surge of meme stocks. Retail performance and economic challenges round out the discussion, offering a panoramic view of market anxieties.
AI Snips
Chapters
Transcript
Episode notes
Investor Sentiment on Tariffs
- Investors are currently hedged as much as possible due to uncertainty surrounding tariffs.
- Their main fear is a market rip, forcing them to cover shorts, further fueling the rally.
CoreWeave Short Squeeze
- Jim Cramer mentions CoreWeave, a company that recently went public, as an example of a stock that was heavily shorted.
- He suggests that this heavy shorting could lead to a short squeeze.
Tariff Uncertainty Impacts Business Decisions
- Business leaders are hesitant to make decisions due to the uncertainty surrounding the tariff announcement.
- This indecision is contributing to a slowdown in the economy.