I'm delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs. We're taking a relatively small portion of that and we're going to be giving and providing it to the farmers in economic assistance. So, we're going to use that money to provide $12 billion in economic assistance to American farmers.This relief will provide much needed certainty to farmers as they get this year's harvest to market and look ahead to next ...

AutoZone’s first-quarter revenue grew but profit fell due to continued higher costs due to tariffs https://t.co/p4PtqvfCXC ...

Let's get you to Pennsylvania with MS now senior White House reporter Von Hillyard. And here in New York with us are political analysts, Republican strategist Susan Delp Persio and Democratic strategist Basil Michael. So Van, why that location.And why now. >> Why now. This is the first time he's going to have an event like this, a typical rally since going all the way back to July 3rd over the summer in Iowa.For the president, he has dug his heels in here and at least publicly is resisting the idea that the ...

Trade & Tariffs Impact - President Trump signaling potential new levies on Canada, India, and Mexico [1] - Uncertainty around tariffs has caused a "rollercoaster" year for trade, with importers initially slowing down and then surging when policies softened [2][3] - Retaliatory tariffs have negatively impacted US exports, as other countries make deals with normal trading partners [3] - The Supreme Court ruling on tariffs is a major factor in determining future stability and potential refunds [6] Shifting Trade Dynamics - China's share of imports to the Port of Los Angeles has decreased from 60% in 2018 to 40% currently, but overall volume has grown due to increased trade from Southeast Asia [4] - China is shifting from exporting products to exporting manufacturing expertise, investing in factories and supply chains in Southeast Asia [5] - China's exports to the rest of the world are up by double digits, indicating they are finding new customers in Europe, Africa, and Asia [17] - US exports are depressed due to tariffs, with other countries like Argentina and Brazil stepping in for soybeans, and Australia for almonds [18] Small Business Concerns - Small to midsize businesses (SMBs), representing over half of the 125,000 importers at the Port of Los Angeles, struggle to pass on increased tariff costs [9] - Removing the de minimis exemption has caused prices to skyrocket for small businesses importing small parcels from Asia, particularly China [12] - Toy importers face a squeeze on margins due to elevated tariffs, potentially impacting their ability to make payroll [14] Port of Los Angeles Performance - The Port of Los Angeles experienced its third-best performance on the container side in its history [3] - Anticipating approximately 800,000 container units for December, slightly off compared to elevated 2024 levels [15][16]

Summary of SPS Commerce FY Conference Call Company Overview - **Company**: SPS Commerce (NasdaqGS:SPSC) - **Industry**: Supply Chain Software - **Core Offering**: Operates the world's largest retail network in the cloud, connecting retailers with merchandise suppliers for efficient information exchange regarding orders, items, inventory, and shipments [3][4][5] Key Points and Arguments Business Model and Customer Engagement - SPS Commerce partners with retailers to digitize connections with suppliers, providing a service that ensures 100% digital supply chain connections [3][5] - The company has a dedicated retail team primarily focused on the U.S. market, with plans to expand into Europe [6] Market Dynamics and Growth - The pandemic accelerated omnichannel initiatives among retailers, leading to increased IT investments and record customer counts during that period [14][15] - In 2024, customer counts stabilized, but there was a decline compared to the previous year, with a resurgence noted in 2025 [15][16] - The company is experiencing cost scrutiny from suppliers due to increased tariff costs, impacting supplier-side dynamics [16][17] Pricing Model and Customer Contracts - SPS Commerce offers flexible month-to-month contracts, which, while easy to buy, make customers susceptible to downsell during economic scrutiny [17][18] - The pricing model is based on the number of trading partner connections and supply chain documents sent, with a noted impact from lower volume trading connections [18] Growth Strategy - The growth algorithm focuses on Average Revenue Per User (ARPU) growth, leveraging existing customer relationships to expand trading partner connections [22][23] - A new network-led growth strategy aims to identify upsell opportunities within the existing customer base [24][25] M&A Activity - Recent acquisitions include SupplyPike and Carbon6, aimed at enhancing revenue recovery capabilities for suppliers facing chargebacks from retailers [29][30] - The acquisition of Traverse Systems allows SPS to offer scorecarding capabilities to retailers, enhancing discussions around supply chain performance [31][32] Total Addressable Market (TAM) - The refreshed TAM is estimated at $11 billion globally, with only 25% currently penetrated by SPS Commerce [34] - The majority of the unpenetrated market consists of undigitized connections, with some using DIY models from larger technology providers [34][35] Competitive Landscape - SPS Commerce faces competition primarily from DIY solutions for larger companies and smaller providers for niche markets [36][37] - The company wins most of the time due to its compelling technology and broad network, although price sensitivity remains a challenge in the small customer segment [36][37] Investor Insights - The long-term opportunity within the TAM and the scale of the SPS network are often underappreciated by investors [38] Additional Important Content - The company is well-positioned to adapt to shifts in global supply sources, although current market conditions are causing hesitation among customers regarding changes in supply chains [18][20][21] - The discussion around the impact of APIs versus EDI on the business indicates that SPS Commerce views API connections as an opportunity rather than a threat, as they can provide more complex and valuable integrations [10][12] This summary encapsulates the key insights from the SPS Commerce FY Conference Call, highlighting the company's strategic positioning, market dynamics, and growth opportunities within the supply chain software industry.

>> THE DIRECTION OF TRAVEL, THINGS ARE GREAT. >> WE ARE ENTERING THIS PHASE OF AI APPLICATION. >> IT'S NOT A BUBBLE. IT'S A BOOM WITH A STRUCTURAL CHANGE. >> AI WILL CHANGE THE WORLD. WHO WILL BE THE WINNERS? >> YOU CAN LOOK AT EITHER SIDE OF THE COIN ON THE DATA OUT HERE. YOU COULD BE BULLISH OR BEARISH. >> THIS IS "BLOOMBERG SURVEILLANCE," WITH JONATHAN FERRO, LISA ABRAMOWICZ, ANNMARIE HORDERN. LISA: SOX RAGING BACK AS INTO'S YOU HAVE IS -- ENTHUSIASM IS CURVED OVER RATE CUTS. MACRO ANALYSIS GIVES WAY TO ...

Core Insights - The car parts retailer experienced revenue growth but faced a decline in profit due to ongoing high costs attributed to tariffs [1] Revenue Performance - The company reported an increase in revenue, indicating a positive trend in sales [1] Profitability Challenges - Despite revenue growth, profit decreased, highlighting the impact of elevated costs on the company's bottom line [1] Cost Factors - The rise in costs is primarily linked to tariffs, which continue to affect the company's financial performance [1]

JUST IN: 🇺🇸 President Trump says he wouldn't rule out reducing tariffs on "some" goods. ...

Financial Data and Key Metrics Changes - Net sales for Q3 2026 were $989 million, down from $1.09 billion in the same period last year, generally in line with expectations [27] - Non-GAAP earnings per diluted share were $1.90, compared to $2.59 in the previous year, significantly better than expectations [30] - Gross margins were 38.6%, down from 39.8% in the previous year's third quarter, primarily due to tariffs [29] Business Line Data and Key Metrics Changes - Wholesale segment net sales were $977 million, down from $1.07 billion last year, mainly due to lower sales from Calvin Klein and Tommy Hilfiger licensed businesses [28] - Retail segment net sales increased to $46 million from $42 million, driven by solid comp sales increases across North American DKNY and Karl Lagerfeld stores [28] - Donna Karan is expected to grow by 40% in fiscal 2026, with strong performance in North America and significant traffic increases on its website [10][12] Market Data and Key Metrics Changes - North America saw double-digit growth compared to last year, while Europe posted high single-digit growth [6] - Digital sales grew nearly 20%, with Donna Karan showing particularly strong performance [22] - The licensed team sports business delivered a solid quarter with sales up 9%, supported by a strong NFL season [23] Company Strategy and Development Direction - The company is focused on driving both near and long-term growth, with a core focus on building brand strength and enhancing digital capabilities [8][9] - Strategic investments in technology, infrastructure, and talent are prioritized to improve efficiency and capture market share [8] - The company aims to expand its owned brands internationally and through licensing, with a focus on higher-margin products [10][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage through a challenging marketplace, highlighting strong consumer demand and effective inventory management [4][5] - The company updated its fiscal 2026 guidance, expecting net sales of approximately $2.98 billion and non-GAAP earnings per diluted share between $2.80 and $2.90 [26][33] - Management acknowledged the impact of tariffs but indicated that gross margins are expected to normalize and expand in the future [32] Other Important Information - The company ended the quarter with a net cash position of $174 million after repurchasing approximately $50 million in stock year-to-date [30] - A new dividend program was introduced, with an initial quarterly cash dividend of $0.10 per share [31] Q&A Session Summary Question: Can you unpack the gross margin performance? - Management indicated that gross margins were better than expected due to strong full-price selling, despite the impact of tariffs [35][37] Question: Will the company be able to fully mitigate the tariff situation next year? - Management stated it is early to say if all impacts will be mitigated but expressed intent to adjust pricing to achieve normal margins [38][39] Question: How is the performance of the Nautica and other licensed brands? - Nautica is growing nicely, and initial efforts with Halston and BCBG are showing improvement, with potential for significant future growth [49][51] Question: What are the priorities for maintaining momentum for owned brands like Donna Karan? - Management emphasized the importance of customer satisfaction and repeat purchases, with a focus on expanding distribution and product offerings [46][59] Question: How have order trends changed for the wholesale channel? - Order trends have improved significantly, with higher demand for full-price retail, particularly in coats and dresses across all brands [56][57]

Group 1 - The discussion highlights the profitability issues faced by farmers, particularly regarding machinery and fertilizer costs, which are influenced by imports from countries like Canada [5][6][8] - There is a plan to bolster domestic fertilizer production through severe tariffs on foreign imports, aiming to make fertilizer more affordable for American farmers [6][7] - The administration emphasizes the need to address skyrocketing input costs that are affecting farmers, while foreign-owned companies in the meatpacking sector continue to profit significantly [8][9] Group 2 - The administration expresses a preference for homegrown produce over cheaper foreign alternatives, although some products cannot be grown domestically due to climate limitations [11] - There is a focus on making American farmers stronger, with discussions around potential tariff revenue to provide additional relief [12][13] - The administration claims that the current economic situation is favorable, with significant investments flowing into the country, amounting to $18 trillion, which is unprecedented [21][22] Group 3 - Concerns are raised about the impact of Obamacare on health care premiums, with expectations that 22 million Americans will see their insurance costs rise due to expiring subsidies [23][24] - The administration's plan involves redirecting funds from insurance companies to individuals, allowing them to purchase their own health care, which is positioned as a more favorable approach [26][27][36] - The administration criticizes the current health care system as being overly beneficial to insurance companies, which have seen significant stock price increases [25][35] Group 4 - The discussion touches on the challenges faced in appointing U.S. attorneys due to the blue slip process, which is seen as a barrier to appointing qualified candidates [39][40] - The administration expresses frustration over the inability to appoint Republican U.S. attorneys in states with Democrat senators, highlighting a perceived imbalance in the political appointment process [41][42] - There is a call for reforming the blue slip process to allow for a more equitable appointment of U.S. attorneys, emphasizing the need for highly qualified candidates [43]