The Powers That Be: Daily Media Monday: The Media Yips & Bloomberg vs. CNBC
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Apr 14, 2025 Jon Kelly, founder of Puck and a notable golf aficionado, joins Peter for an engaging discussion on the media's response to economic shifts. They dive into how tariffs and potential recessions are reshaping advertising revenues, especially for S.V.O.D. companies. The conversation also touches on the contrasting approaches of CNBC and Bloomberg, revealing insights about their respective strategies amidst economic turbulence. Amidst serious topics, the duo shares light-hearted moments over personal interests like music and golf.
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Trade War Uncertainty
- Donald Trump's trade war caused market volatility and uncertainty for businesses.
- This uncertainty is different from COVID because businesses must adapt to changing supply chains, not just pause operations.
Trump Administration's Shift
- Initially, Trump's administration seemed disciplined and focused on their agenda, fueled by figures like Elon Musk.
- However, inconsistencies like Peter Navarro's airtime and tariff calculations revealed their incompetence.
Trump's Reactive Approach
- Trump's decision-making is often influenced by the last person he spoke to or saw on TV, prioritizing tactics over strategy.
- This reactive approach leads to inconsistent policies, like suggesting exemptions for certain industries employing undocumented immigrants.