The Powers That Be: Daily
Media Monday: The Media Yips & Bloomberg vs. CNBC
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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Quick takeaways
- The ongoing trade war and tariffs have forced businesses to adopt long-term strategies to manage operational uncertainty and costs.
- CNBC's role as a vital source of financial information becomes more pronounced during market volatility, highlighting its potential for growth despite challenges.
Deep dives
Impact of Tariffs on the Economy
The ongoing trade war and Donald Trump's tariffs have introduced significant volatility to the market, affecting businesses' operational decisions and profitability. Companies are grappling with uncertainty as they navigate changes to their supply chains, which incurs additional costs that don't simply vanish with temporary tariff pauses. The episode highlights that a long-term strategy must be adopted, as businesses will need to make substantial adjustments rather than expecting a market rebound. This situation reveals the chaotic nature of the current administration's approach, challenging the idea of a stable economic environment for corporations.
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