Gina Martin Adams, Bloomberg Intelligence's Chief Equity Strategist, discusses how potential Trump 2.0 tariffs could negatively impact global companies, particularly U.S. multinationals. Irwin Simon, CEO of Tilray Brands, shares insights on the cannabis industry's future under the Trump administration. Mark Gurman, Bloomberg's Tech Correspondent, highlights Meta's innovative strides in AI-integrated wearable tech. Finally, Chris McMahon, CEO of Aquinas Wealth Advisors, dives into the implications of expected Federal Reserve rate cuts on market dynamics.
The potential reintroduction of tariffs under the new administration could lead to increased volatility in U.S. stock markets and affect operating margins across various industries.
Meta's Llama open-source AI model aims to democratize access to technology, enabling innovative applications that enhance job-seeking opportunities for users.
Deep dives
Meta's Open Source AI for Job Seekers
Meta has released Llama, an open-source AI model, aimed at democratizing access to AI technology, allowing anyone to build applications using it. One innovative application developed is a tool designed to assist job seekers in landing their dream jobs. This tool leverages the capabilities of the Llama model to analyze users' skills and match them with relevant job opportunities. The initiative underscores Meta's commitment to making AI resources freely available, impacting a broader audience beyond just corporate entities.
Mikaela Shiffrin on Success
Olympic champion skier Mikaela Shiffrin shared her understanding of success, emphasizing that it encompasses discipline, teamwork, and intrinsic motivation rather than external recognition. Success, for her, is rooted in the dedication and passion that athletes require to excel, which often goes unnoticed. Shiffrin believes that surrounding oneself with supportive individuals is essential to achieving one's goals. She highlights that true success is reflected in the effort and commitment put forth, both individually and collectively.
Market Implications of Tariffs
Current discussions focus on the potential reintroduction of tariffs, particularly directed at Mexico and Canada, which could significantly influence U.S. stock markets. Experts suggest that the impact of these tariffs could differ from previous administrations, as they might affect a broader range of products and industries compared to past targeted tariffs primarily aimed at China. Investors are advised to pay close attention to forecasts of operating margins, which serve as indicators of company performance under such economic pressures. A decline in these margins could lead to considerable volatility in the stock market, echoing past challenges faced during similar trade disputes.
The Shifting Landscape of Cannabis Legislation
With the new administration, the cannabis industry is closely watching potential changes in legislation that could affect its future, including discussions on federal legalization. The cannabis sector believes that federal action could help eliminate the illicit market and provide a regulated framework for legal sales. Industry leaders express optimism that the current political climate may finally lead to meaningful legislation that allows banks to service cannabis businesses. This shift is seen as a vital step towards legitimizing and expanding the lucrative cannabis market, currently valued at $32 billion in the U.S.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams explains how Trump 2.0 tariffs could sting global companies that have grown more reliant on US revenue, but dollar strength suggests US multinationals may bear the brunt of trade policy shifts. Irwin Simon, CEO of Tilray Brands, discusses his outlook for the cannabis industry under the Trump administration. Bloomberg News Chief Technology Correspondent Mark Gurman reports on Meta working on upgrades to its popular smart glasses and is exploring new wearable devices such as watches and camera-equipped earbuds, aiming to embed its artificial intelligence features into more products. And we Drive to the Close with Chris McMahon, CEO of Aquinas Wealth Advisors and MFA Wealth. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.