Bloomberg Businessweek Tariff Label Confusion, Eli Manning's Giants Bid, Starbucks Turnaround
Apr 29, 2025
Michael Halen, a senior restaurant and food service analyst at Bloomberg Intelligence, discusses Starbucks’ recent earnings and its strategies for recovery amidst declining sales. Michael Green, a Portfolio Manager at Simplify Asset Management, shares insights on navigating economic risks and the stock market's paradoxical gains. The conversation also touches on Eli Manning's potential bid for the New York Giants, highlighting the trend of former players moving into ownership roles and the implications of Amazon's tariff label controversy on pricing transparency.
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Amazon's Tariff Label Clarification
- Amazon considered showing tariff costs only on specific cross-border shipments, not on its main retail site.
- They ultimately decided against it after White House backlash, clarifying it wasn't a company-wide policy shift.
Eli Manning's Giants Ownership Bid
- Eli Manning is assembling a group to buy a minority stake in the New York Giants, reflecting a growing trend in the NFL.
- Smaller ownership stakes allow figures like players to have prideful, non-controlling investments in their former teams.
China's Trade War Nationalism Effect
- China's trade war with the US fosters strong economic nationalism to unify public sentiment during internal challenges.
- Beijing leverages external tensions to rally support and distract from domestic economic and social issues.