Squawk on the Street SOTS 2nd Hour: Fed Commentary Hits Stocks, Nike & Fedex Warnings, Musk Says “Hold Onto Your Stock” 3/21/25
Mar 21, 2025
Ross Gerber, CEO of Gerber Kawasaki and a keen commentator on Tesla, shares insights into the electric vehicle giant's stock struggles and Musk's leadership challenges. He discusses the paradox of rising vehicle sales despite declining stock prices. The podcast also dives into FedEx and Nike's recent troubles and their strategies to regain market confidence. Gerber emphasizes the vital role of Musk's decision-making during this turbulent time for Tesla, raising questions about the company's future direction.
AI Snips
Chapters
Transcript
Episode notes
Market Apprehension
- The stock market is apprehensive, with the S&P 500 barely reaching a 10% correction.
- Concerns exist around tightening consumer spending and upcoming Q1 earnings season.
Tariff Risks
- Upcoming tariffs pose a significant risk to the economy, exceeding 10% overall.
- This level hasn't been seen since the 1940s, raising concerns about potential negative impacts.
Fed Commentary
- Fed Governor Chris Waller advocates for continued balance sheet reduction, citing abundant reserves.
- Chicago Fed President Goolsbee expresses uncertainty about the duration and impact of tariffs on inflation.