Wall Street Breakfast Nike sprints past low bar, shares jump
Jun 27, 2025
Nike surprises investors with strong fiscal results, signaling recovery despite market challenges. A breakthrough trade deal sees China approving rare earth exports to the U.S., boosting investor confidence. Unilever steps into the spotlight with a hefty $1.5 billion purchase of Dr. Squatch, targeting a younger demographic. The podcast also touches on the latest market movements and financial insights, keeping listeners updated on recent trends and economic forecasts.
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Nike Beats Expectations Amid Tariffs
- Nike's fiscal fourth-quarter results topped low Wall Street expectations despite an 86% profit decline.
- New tariffs create a meaningful $1 billion cost headwind, but mitigation strategies are in place.
Rare Earths Deal Boosts Trade
- China agreed to supply rare earths to the U.S. in exchange for lifting countermeasures.
- This breakthrough signals progress in U.S.-China trade relations ahead of upcoming tariff deadlines.
Unilever Buys Dr. Squatch
- Unilever agreed to acquire Dr. Squatch, a men's grooming brand with $400 million-plus annual revenues.
- The $1.5 billion deal targets premium natural personal care products favored by millennials and Gen Z men.