Wall Street Breakfast Tariffs hit Hollywood
6 snips
May 5, 2025 A shocking 100% tariff on foreign films has been announced, shaking up Hollywood's landscape and raising national security questions. The podcast also discusses Skechers' strategic buyout move to enhance its global reach. Meanwhile, despite market fluctuations, equity ETFs continue to attract investors, showcasing a revival of confidence in the stock market. Tune in for insights on these crucial developments!
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Trump's Movie Tariff Insight
- President Trump introduced a 100% tariff on movies made outside the U.S. to protect the American film industry.
- This move is seen as a national security threat due to foreign incentives luring filmmakers abroad.
Unclear Tariff Implementation
- Details on how the tariff will be applied remain unclear.
- Uncertainties include the criteria for American-made movies and how tariffs affect distribution or production costs.
ISM Services Index Update
- April's ISM Services Index rose to 51.6, showing economic improvement.
- Employment remains in contraction for the second consecutive month despite gains in orders and supply.