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X @Bloomberg
Bloomberg· 2025-08-01 14:04
Companies across the industrial sector are warning that tariff whiplash is paralyzing decision-making and weighing on the consumer. https://t.co/myCNy5bG8Y ...
X @Investopedia
Investopedia· 2025-08-01 13:30
The tariff news is coming fast and furious as President Donald Trump's Aug. 1 deadline for double-digit tariffs on multiple countries approaches. https://t.co/VUQ2ycFgQC ...
Leggett & Platt(LEG) - 2025 Q2 - Earnings Call Presentation
2025-08-01 12:30
Financial Performance - Q2 2025 - Sales decreased by 6% to $1.058 billion compared to Q2 2024[7,8] - Volume decreased by 7%[7,9] - Adjusted EBIT increased by $4 million to $76 million compared to Q2 2024[7] - Adjusted EBIT margin increased by 80 bps to 7.1%[7,8] - Adjusted EPS increased by $.01 to $.30 compared to Q2 2024[7,8] - Cash flow decreased by $10 million to $84 million compared to Q2 2024[7,8] Financial Performance - YTD 2025 - Sales decreased by 7% to $2.080 billion compared to YTD 2024[15,16] - Adjusted EBIT increased by $7 million to $142 million compared to YTD 2024[15,16] - Adjusted EBIT margin increased by 70 bps to 6.8%[15] - Adjusted EPS increased by $.02 to $.54 compared to YTD 2024[15,17] Guidance - The company maintains its 2025 sales guidance of $4.0–$4.3 billion, a decrease of 2% to 9% versus 2024[7,18] - The company maintains its adjusted EPS guidance of $1.00–$1.20[7,19]
Countries need to get ready for a much higher tariff world, says CFR's Michael Froman
CNBC Television· 2025-08-01 11:29
President Trump signing a series of executive orders on tariffs hitting countries around the world with rates of up to 41%. They are set to kick in next week. Joining us right now is Michael Froman, former US Trade Representative, now Council on Foreign Relations President.Good morning to you. I think the question of the morning is effectively, is this real. Um, does it get pushed again.Is this a negotiating tactic. Of course, it's some kind of negotiating tactic, but uh does it have teeth. Well, Andrew, if ...
X @Bloomberg
Bloomberg· 2025-08-01 09:38
President Trump has slapped a 25% tariff on US imports from India - far higher than the levies applied to goods from the European Union, Japan and South Korea. Can India's economy handle it? https://t.co/FJzIWbvfBY ...
Trump Announces 39% Tariff on Imports From Switzerland
Bloomberg Television· 2025-08-01 09:09
Why has Switzerland been hit so hard. So this came as a complete surprise to the Swiss. The reason for this is Switzerland's great huge surplus with the US.If you ranked the US trade deficits with other countries, the Switzerland ranks number 12. It's a $38 billion. So that obviously is a big number and that's mostly due to pharma.We know that pharma is one of the things that Trump targets. And Switzerland's just got the short end of the stick here. So what has been the response of the Swiss government. The ...
X @The Wall Street Journal
President Trump’s proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers https://t.co/e4Hu5smOyA ...
X @Bloomberg
Bloomberg· 2025-08-01 05:54
US President Donald Trump’s revised global tariff plan unveiled Thursday hit Laos and Myanmar hard with a 40% import duty — the second-highest rate in the world behind only Syria at 41% https://t.co/vd4Bo7tdIA ...
Who Are Winners and Losers After Trump's Tariff Deadline?
Bloomberg Television· 2025-08-01 04:45
Let's actually get to those tariff headlines because there's a lot to really go through, including that 20% on Taiwan, as we mentioned, but also Canada going from 25 to 35%. Avril Hong is here with a recap of what are those rates to watch, Avril. Yeah, I mean, I think the simplest way to put it is kind of to put things into three buckets.So we have sort of the winners. And on the other spectrum, end of the spectrum, we have those that have been hit with higher rates than were anticipated, and you have the l ...
X @BBC News (World)
BBC News (World)· 2025-08-01 03:30
Trump raises Canada trade tariff to 35% https://t.co/MUtYWTtcB4 ...