Squawk on the Street Inflation and Tariff Watch, CoreWeave's IPO and AI, Lululemon Tumbles 3/28/25
Mar 28, 2025
The hosts tackle inflation with February's Core PCE rising unexpectedly. They discuss President Trump's warning to automakers against price hikes due to tariffs. CoreWeave's IPO is a surprise, pricing below expectations, while Lululemon faces challenges with weak sales guidance. There's also a look at the shifting landscape for tech, driven by AI demand, and the competitive retail dynamics impacting companies like Lululemon and Target. Plus, insights on the evolving U.S. automotive market and corporate accountability.
AI Snips
Chapters
Transcript
Episode notes
Impact of Tariffs on Car Prices
- Tariffs on imported cars could significantly increase prices, potentially by thousands of dollars per vehicle.
- This price hike may deter consumers and decrease car sales, impacting automakers like GM.
John Deere Anecdote
- Jim Cramer attempted to purchase a John Deere product in Italy.
- The product was $25,000 more expensive than the American equivalent due to tariffs.
CoreWeave IPO - A Market Test
- CoreWeave's IPO is a significant test for the current IPO market.
- Despite initial reluctance from investors, the IPO price was reduced, and Nvidia invested $250 million.