Closing Bell Closing Bell Overtime: Tariffs Decision Fallout; Goldman’s Tech Earnings Takeaways & Retail Reaction 5/29/25
May 29, 2025
Megan Cassella, a DC reporter, dives into the political fallout from recent tariff rulings, shedding light on their impact on investment strategies. Mike Santoli, CNBC's senior markets commentator, analyzes troubling trends in the labor market and the broader financial landscape. They discuss the mixed earnings reports from key companies like Dell and Ulta Beauty, examining their implications for retail and tech sectors, all while navigating the volatile intersection of politics and the economy.
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Tariff Stay Maintains Market Pressure
- The recent emergency stay on presidential tariffs temporarily maintains tariffs despite court rulings.
- This reduces immediate downside risk but leaves continued uncertainty around trade policy impact on growth and inflation.
Market Bounces on Reduced Tariff Risk
- High single-digit tariffs could still slow growth and increase inflation.
- The market has pushed aside the worst tariff risks, fueling a recent market rebound.
Consumer Resilience Tested by Tariffs
- Retailers face uneven challenges from tariffs depending on sourcing and sector.
- Consumer resilience will be tested as tariff-related cost pressures grow through summer.