Squawk on the Street Walmart Falls on Earnings, U.S.-EU Trade Details, Disney Launches New ESPN DTC Streaming Service 8/21/25
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Aug 21, 2025 Eamon Javers, a CNBC correspondent reporting from the White House, shares insights on U.S.-EU trade details and how they impact tariffs, especially in pharmaceuticals. The podcast also dives into Walmart's mixed earnings as its CFO discusses consumer resilience amid economic shifts. Disney's launch of its new ESPN DTC streaming service sparks a conversation about the challenges of cord-cutting and evolving viewer preferences in sports broadcasting. Tune in for a lively discussion on the intricate links between trade policies and market dynamics!
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Walmart Gaining Share And Speed
- Walmart is gaining share with higher-income shoppers and accelerating e-commerce, with online growth up 26%.
- The CFO says profitability in e-commerce doubled and 95% of U.S. to be served within three hours by year-end.
Use Scale And Service To Offset Tariffs
- Retailers should leverage scale to absorb tariff shocks rather than immediately passing costs to consumers.
- Invest in service features like expedited shipping to justify higher online ticket sizes.
U.S.-EU Deal Caps Pharma Tariffs
- The U.S.-EU trade framework limits pharma tariffs to at most 15% and aims to remove tariffs on industrial goods.
- The plan ties auto tariff cuts to EU legislative steps and includes large energy and AI chip purchase commitments.