Trade Agreement & Tariffs - A status quo agreement is expected between the US and China, delaying restrictions on rare earths and avoiding new US tariffs, protecting downside risk for markets [2][3] - Potential upside in the China trade deal could come from tariff reductions if there's an agreement on fentanyl [4] - The US is signing smaller agreements with other Asian countries to restrict China's ability to transship goods, strengthening the US position in trade discussions [4][5] - The President may be considering a 10% tariff on non-USMCA goods from Canada, which are a small and declining portion of goods, as part of negotiations [5][6] - Canada and Mexico are expected to be the greatest beneficiaries on the trade front due to the absence of reciprocal tariffs, leading to the lowest effective tariff rates [6] Deglobalization & Supply Chains - The world is moving towards deglobalization, highlighting the risk of having supply chains located outside the US [9] - Both the US and China are gradually building their own chip and rare earth industries to become more self-sufficient, aiming to avoid disruption to the global economy [9][10] - A trade truce is more likely than a broad deal with China, focusing on minor issues to maintain the status quo [7][11]

All right, a lot of focus on uh Asia this morning with the president there. But we're also getting some headlines out of Riad uh the investment forum there. One in particular I want to ask you about uh Black Rockck's Larry Fank saying that major US investors are overweight US equities.He's advising investors to be overweight US equities for the next year and a half or so 18 months. Do you agree with that take. Do you see any issues there.>> No, we think the US offers a combination of favorable demographics ...

Core Viewpoint - UPS is currently viewed as one of the most out-of-favor stocks, yet it has a buy rating with a price target of 112, indicating significant upside potential from its current trading levels [1] Group 1: Stock Valuation and Dividend Yield - UPS is trading at its largest historical discount to the S&P 500, with an almost 8% dividend yield, making it an attractive investment opportunity [2] - The stock is perceived to be priced as if it faces existential risks, which the company does not believe are as severe as the market suggests [2] Group 2: Financial Health and Cash Flow - UPS generates sufficient free cash flow to cover its dividend, and there is optimism that the company will address cost-related challenges and its relationship with Amazon over time [2] Group 3: Regulatory Environment and Impact on Trucking - The enforcement of English language and citizenship requirements for truck drivers could potentially remove up to 200,000 truckers from the road, impacting supply and demand dynamics in the trucking industry [4][5] - The introduction of tariffs on imported trucks may also affect UPS, as these regulatory changes could lead to higher trucking rates by 2026, benefiting UPS and the broader transportation sector [5][6] Group 4: Economic Indicators and Employment - UPS serves as a bellwether for the freight and shipping economy, with its international segment providing clear insights into the impacts of tariffs and additional costs incurred [7][8] - The company's plan to cut 20,000 jobs may affect blue-collar employment, as UPS is one of the largest unionized employers in the country, and its compensation structure is relatively high [9]

Kate Gulliver, Wayfair CFO, joins 'Squawk Box' to discuss the company's quarterly earnings results, impact of tariffs, state of the consumer, and more. ...

Group 1 - Wayfair reported a 218% increase in earnings to 70 cents per share adjusted, significantly surpassing forecasts of 44 cents per share adjusted [1] - Revenue for Wayfair increased by 8.1% to $3.12 billion [1] - The company did not indicate any major impacts from tariffs on its results [1] Group 2 - President Donald Trump announced new tariffs affecting three major industries, with duties ranging from 25% to 100% [2]

Core Insights - The 2025 CFO Priorities Annual Survey indicates that tariffs and trade barriers have become a significant concern for CFOs, with 66% anticipating negative impacts on their organizations, a notable shift from previous years [1][5][6] - Profitability remains the top priority for CFOs at 34%, followed closely by cybersecurity and economic uncertainty, both at 27% [5][6] - The survey highlights a decisive shift in CFOs' focus towards technology adoption, particularly AI and cybersecurity, as they seek to enhance operational efficiency and resilience [3][6] Profitability and Strategic Priorities - Profitability is the primary concern for CFOs, holding steady at 34%, while cybersecurity and economic uncertainty are tied at 27% [5] - On board agendas, profitability dominates at 63%, with technology transformation at 38% and competitive advantage at 37%, indicating a shift from previous focuses on digitalization and staff retention [5] - Two-thirds of CFOs expect negative impacts from tariffs, a significant increase from the previous year's focus on inflation [5] Tariffs Create New Complexity - Only 29% of CFOs report having the necessary skills and processes to comply with new tariff regulations, while 43% are still developing internal solutions [5] - The rising complexity due to tariffs is reshaping financial strategies and priorities among CFOs [6] Headcount Growth Returns - Nearly half of CFOs (45%) plan to increase finance headcount in the next quarter, marking a 19% rise from 2024, with 65% expecting growth over the next 12-24 months [5] - The expanding role of finance and increased focus on risk management are driving this hiring momentum [5] AI Acceleration and the Shift to Execution - AI has transitioned from exploration to execution, with 96% of organizations now engaging with AI, and 42% using it operationally [5] - There is a significant increase in the number of CFOs seeking external support for AI implementation, rising from 17% in 2024 to 59% [5] Cybersecurity: Rising Engagement Amid Growing Threats - Nearly three-quarters of CFOs (73%) are now involved in cyber strategy, with half deeply engaged in both strategy and response [12] - Confidence in cyber prevention and mitigation has declined to 43%, reflecting a shift in focus from prevention to response readiness due to unpredictable cyber threats [12]

Company Overview - Carter's is undergoing a transformation under new CEO Douglas Palladini, focusing on profitability and growth [3][4] - The company has seen strong consumer response to new products, particularly among young Gen Z families [4] Financial Performance - In Q3, net sales were approximately $758 million, with U.S. retail sales increasing by 2.6% and international sales rising by 4.9% [5] - However, Q2 profits dropped nearly 60%, leading the company to withdraw its annual guidance [4] - Net income for Q3 fell 80% year-on-year to $11.6 million, and operating income decreased over 60% to $29 million [8] Impact of Tariffs - Tariffs have significantly affected the company's profitability, with operating margin contracting to 3.8% from 10.2% a year ago [6] - Gross margin decreased by 180 basis points to 45.1%, with tariffs costing the company $20 million [6] - Tariffs have also negatively impacted wholesale profitability [7] Strategic Changes - Carter's plans to lay off about 300 corporate employees, representing 15% of its workforce, to achieve annualized savings of approximately $35 million starting next year [8] - The company intends to close about 150 North American stores over the next three years, increasing the number of closures from previous plans [8] Challenges in Sales Channels - Sales on Amazon have declined due to changes in the e-commerce giant's sales approach regarding Carter's "Simple Joys" brand [7] - Department store sales also experienced a decline during the period [7]

2-2Missed on Tariffs 4+ Times NO && Midnight Hammer YESHit on War 15+ Times YES && Biden 5+ Times NOWe got FOMC tomorrow, CANNOT WAIT!Easy (@EasyEatsBodega):🚨MENTION MARKET PLAYS🚨Trump is speaking to US Troops in Japan at 2:45AM EST.Got a few plays I like for this, and some brief thoughts below.War 15+ Times | YES❧ is speaking to the troops, so more likely to say this. Averages 9.5 mentions per speech, with an INCREASE https://t.co/b6f29Nnbno ...

Core Insights - Whirlpool reported better-than-expected financial results, with revenue of $4.03 billion surpassing Wall Street's forecast of $3.93 billion and adjusted earnings per share at $2.09 compared to estimates of $1.40 [1] Financial Performance - Revenue for the quarter was $4.03 billion, exceeding expectations [1] - Adjusted earnings per share were $2.09, significantly higher than the anticipated $1.40 [1] - For the full year, Whirlpool reiterated net sales of approximately $15.8 billion, with adjusted earnings per share now expected to be around $7.00, up from a previous range of $6 to $8 [4] Product Performance - Major domestic appliances in North America saw a 2.8% increase, driven by a refresh of 30% of the product portfolio [2] - Small domestic appliances globally experienced a 10.5% growth, largely due to the KitchenAid business, which reported double-digit revenue growth [2] Market Outlook - The company anticipates that new products will gain traction in the fourth quarter and into the next year as they increase their presence in retail [3] - Whirlpool is positioned well to capture growth as consumers return to the housing market [3] Regional Performance - A decline of 7.2% in major domestic appliances was noted in Asia, attributed to cooler weather and currency volatility in Argentina, which also affected Latin America with a 5.2% decline [4] External Factors - Tariffs impacted margins by 250 basis points in the third quarter, despite over 80% of US sales being produced domestically [5] - The company is seeking clarity on trade issues, particularly in light of an upcoming summit between US and Chinese leaders [6] - The fourth quarter is expected to be highly promotional as Whirlpool competes with companies facing excess inventory ahead of tariffs [6]

Ah, the stock market. A bastion of rational thought, meticulous planning, and predictable outcomes. Or, at least, that’s what the textbooks say. In the era of President Donald Trump, however, it’s less a bastion and more a bungee jump, with policy announcements serving as the cord, and the market’s collective stomach serving as the primary indicator of presidential pronouncements. The past few days, culminating on October 28, 2025, have been a masterclass in this particular brand of economic theater, featur ...