

Trump's Tariff Threat, Retail Earnings Ahead of Black Friday, Amgen Tumbles on Weight-Loss Drug Data 11/26/24
Nov 26, 2024
The discussion kicks off with President-elect Trump's tariff threats, stirring concerns in various market sectors. With Black Friday approaching, earnings from retailers like Best Buy are analyzed for holiday quarter insights. Amgen faces a stock slide due to disappointing results from its weight-loss drug trials. The hosts delve into Bitcoin's recent downturn and examine the innovative AI sounds being pioneered by Nvidia. Tensions heat up with a look at the geopolitical landscape affecting major oil players like Chevron and Exxon.
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Tariff Impact on Investments
- Consider the potential impact of tariffs on investments, especially in auto and currency markets.
- Be cautious about knee-jerk reactions, as policy details and ultimate effects remain uncertain.
Trade War Winners
- Countries like Vietnam, Malaysia, and Indonesia benefited from the previous trade wars with China.
- These countries are considered friendly and don't engage in intellectual property theft.
Confusing Economics
- Economic discussions around tariffs and taxes are often confusing and poorly explained.
- Experts like Yardeni point out that the current economic situation is different from 2016, with higher inflation and debt.