Closing Bell Closing Bell Overtime: Alcoa CEO On Earnings, Tariffs 4/16/25
Apr 16, 2025
Kristina Partsinevelos, a CNBC correspondent focusing on technology, and Eric Johnston, chief equity strategist at Cantor Fitzgerald, dive into the pressing issues shaking the markets. They explore the significant pullback in Nvidia, the implications of tariffs on various sectors, and the cautious investment strategies emerging amidst economic uncertainty. Eric shares his bearish outlook on equities, while Kristina highlights Alcoa's robust earnings amid tariff challenges. Together, they illuminate the evolving landscape of both technology and aluminum industries.
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Fed's Dilemma on Tariffs
- The Federal Reserve is torn between controlling inflation and supporting employment amidst tariff-related economic uncertainty.
- A potential 25 basis point rate cut in June remains possible but not guaranteed.
Tech Growth Outlook Slumps
- The tech sector's growth outlook is dimming due to earnings pressures and export controls.
- Investors wanted dovish Fed signals but Powell stood firm, causing market sell-off and multiple earnings projection uncertainties.
Factors for Market Recovery
- Look for clarity on tariffs, tax cuts, and Fed stance to guide market rebounds and growth.
- Monitor AI infrastructure investments as potential positive catalysts amid volatility.