CNBC Business News Update Market Midday: Stocks Turn Higher, Moody's Downgrades US Credit Worthiness, Tariffs Could Cause Job Cuts 5/19/25
May 19, 2025
Wall Street is on the rise, surprising analysts despite a credit rating downgrade from Moody's. UnitedHealth is bouncing back, while concerns loom over potential tariff impacts on retail pricing. Insights from Walmart's CEO reveal strategies for managing costs. The discussion also dives into how tax cuts could affect budget deficits and income inequality, alongside a look at Bitcoin trends and corporate responses to tariffs. Don't miss the latest retail promotions as Memorial Day approaches!
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US Credit Downgrade Insights
- Moody's downgraded the US credit rating due to concerns about the growing deficit amid costly tax bills.
- The fiscal stimulus is front-loaded, making the bill's cost potentially even higher than expected.
Walmart and Tariffs Impact
- Walmart is absorbing some tariff costs but consumers will face higher prices.
- The President expects Walmart to eat the cost, impacting retail pricing dynamics.
Jim Cramer's Walmart Experience
- Jim Cramer shares his experience with Walmart's affordability compared to other retailers.
- He highlights the company's great prices despite tariff-related cost pressures.