Squawk on the Street Inflation and the Fed, Trump's Tariff Threats and Economic Team Picks, A Downer for Dell 11/27/24
Nov 27, 2024
Eamon Javers, a CNBC journalist, brings insight into President-elect Trump's economic strategies. The hosts discuss market shifts after record highs, as well as Trump's tariff threats and his economic team choices. Dell's disappointing revenue and the resulting stock decline highlight challenges in tech. They also explore SoftBank's hefty investment in OpenAI and the implications for health innovations in weight-loss drugs. The conversation wraps up with consumer behavior trends and their surprising effects on stock performance.
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Market Response to Tech Earnings and Macro Data
- Markets show mild weakness following disappointing tech earnings.
- Key economic indicators like PCE, jobless claims, and durables are released.
Positive Economic Indicators
- Q3 GDP growth is decent at 2.8%, meeting expectations.
- Core PCE data provides a positive surprise, suggesting less sticky inflation.
Potential Impact of Trump's Tariff Threats
- Trump's tariff threats could boost core PCE and cut S&P earnings.
- Goldman Sachs and Citi analyze potential tariff impacts on the economy.