Wall Street Breakfast Caterpillar expects bigger tariff hit
Aug 29, 2025
Caterpillar raises its forecast for tariff impacts, indicating a tougher financial landscape ahead. Marvell Technology faces a significant downturn following a disappointing revenue outlook. In a surprising twist, a venture capitalist steps in as the interim head of the CDC. Additionally, Alibaba misses expectations, while UnitedHealth finds itself under pressure regarding loans. Tune in for insightful updates on market trends and corporate performances!
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Caterpillar Boosts Tariff Impact Outlook
- Caterpillar raised its expected tariff hit to $1.5–$1.8 billion for the year and $500–$600 million for Q3.
- The company now expects margins near the bottom of its target range despite holding sales guidance.
Marvell Revenue Guidance Disappoints
- Marvell missed top-line guidance for the current quarter with a revenue midpoint below consensus at $2.06 billion.
- Data center revenue surged year-over-year but is expected to be flat sequentially into Q3.
Investor Named As Interim CDC Director
- The White House tapped Jim O'Neill, a venture investor, as interim CDC director despite no public health background.
- O'Neill's appointment follows reshaping of advisory panels and upcoming vaccine policy reviews that may be flashpoints.