Squawk on the Street Pres. Trump's New Tariff Threat, Super Bowl Morning-After Buzz, McDonald's Sizzles 2/10/25
Feb 10, 2025
The podcast unpacks President Trump’s alarming 25% tariffs on steel and aluminum, igniting a rally in U.S. steel stocks. It dives into the aftermath of the Philadelphia Eagles’ Super Bowl win, highlighting a surge in sports betting and the impact of memorable ads. McDonald's surprisingly shines despite dismal sales, with discussions on corporate strategies in responding to shifting consumer behavior. The conversation also touches on Meta’s winning streak and the revival of Chinese tech stocks amid broader market trends.
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Tariff Impact
- President Trump plans to impose 25% tariffs on all steel and aluminum imports.
- This caused a rally in U.S. steel stocks, but the overall market reaction was muted.
Market Sentiment vs. Reality
- The market's calm reaction to tariff threats contrasts with concerns about consumer sentiment and CEO confidence.
- The Wall Street Journal reported a souring consumer mood and fading Trump euphoria among CEOs.
China's Retaliation
- China's retaliatory tariffs are targeted, covering only 10% of U.S. exports.
- There are concerns about China potentially expanding its retaliatory measures to target specific U.S. tech companies.