Squawk on the Street

SOTS 2nd Hour: GDP Data Hits Stocks, Trump’s First 100 Days, and Key Earnings Movers 4/30/25

Apr 30, 2025
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INSIGHT

Understanding Negative GDP Factors

  • The negative GDP reading of -0.3% was influenced heavily by unique factors like front-loading exports and decreased government spending.
  • Underlying consumer demand and business equipment purchases indicate modest positive growth despite the headline number.
INSIGHT

Europe Outperforms U.S. Stocks

  • European economic data and stock performance are stronger partly due to lower inflation and expected ECB rate cuts.
  • European companies with domestic sales show more resilience compared to U.S. firms facing supply shocks and tariff uncertainty.
INSIGHT

NVIDIA on AI and Tariffs

  • NVIDIA's CEO expressed confidence in U.S. onshoring of AI manufacturing despite tariff challenges.
  • He acknowledged China’s near parity in AI research strength, highlighting a long-term, ongoing global competition.
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