Now, this global geopolitical chess match continues today in New Delhi. Chinese Foreign Minister Wang Yi, due to meet with Indian Prime Minister Narendra Modi earlier. Both sides expressing hopes for better relations in a bid to strengthen ties amid unpredictable U.S. trade policies.We share the confidence to dispel interference, accelerate cooperation, and to further consolidate the momentum of the improvement and development oF China-India relations just so that while pursuing our respective rejuvenation, ...

Hedge funds added exposure to technology giants including Microsoft and Netflix in the second quarter, a stretch that saw an initial surge in volatility due to President Trump’s trade policies https://t.co/oDCJyDNEQi ...

Joining us now, NBC News senior policy reporter Shannon Petty piece, NBC News White House correspondent Monica Alba and former US trade representative Michael Froman. He's now president of the Council of Foreign Relations. And Monica, we'll start with you.Has the White House addressed these new job numbers and those downward revisions. They have, Ariel, and they're really trying to put this into a larger context. And it's notable that a couple of days ago when that GDP report came out for the most recent qu ...

Economic Outlook - Economists have reduced their pessimism regarding the impact of U S trade policies on U S economic growth and inflation in the near term [1]

Economic Vulnerability - Vietnam's economy is vulnerable due to its reliance on exports to the US and investments from companies leaving China [1] - US President Trump's trade policies and escalating tensions between the US and China have highlighted this vulnerability [1] - Vietnam faces potential setbacks to its goal of becoming a developed country by 2045 due to its export-led growth model [2] Trade Relations with the US - Vietnam has the third largest surplus with the US [2] - Vietnam was hit with a 46% tariff rate [2] - Trump's actions serve as a wake-up call for Vietnam [2] Economic Diversification and Reforms - The Communist Party is seeking to re-engineer the country's economic model to reduce dependence on the US [3] - Efforts are underway to diversify export markets and boost the domestic market through reforms [3] - Economic reforms could mitigate the impact of tariffs on Vietnam [3]

Economic Outlook - BIS warned that resurgent US inflation could unfold as the world economy reels from Donald Trump's disruptive trade policies [1]

Core Viewpoint - Nvidia's stock has historically presented buying opportunities after significant declines, and the current situation appears to be similar, with a potential rebound expected before the earnings announcement on May 28 [1]. Group 1: Earnings Performance - Nvidia has a strong track record of exceeding earnings expectations, having beaten consensus estimates by at least 5% in each of the last four quarters [3]. - The upcoming earnings report on May 28 is anticipated to act as a catalyst for the stock, as quarterly updates often influence share prices positively [2]. Group 2: Customer Insights - Major customers like Amazon, Microsoft, and Google have expressed positive sentiments regarding Nvidia's products, indicating strong demand for its AI chips and GPUs [6][7][9][10]. - Amazon's CEO noted aggressive installations of Nvidia AI chips, while Microsoft highlighted demand outpacing capacity for AI services, suggesting a favorable outlook for Nvidia [7][9]. Group 3: Product Demand - Nvidia's new Blackwell GPUs are experiencing "extraordinary" demand, with $11 billion in revenue reported, marking the fastest product ramp in the company's history [11]. - The company plans to launch the Blackwell Ultra GPU in the second half of the year, with expectations for a positive outlook regarding next-generation chips in the upcoming earnings report [12].

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $1.27 billion, down 2% on a constant currency basis [22] - Adjusted EBITDA was $276 million, up 2% on a constant currency basis [22] - Adjusted earnings per share increased by 4% as reported and 9% on a constant currency basis, reaching $0.81 [22][24] - Adjusted EBITDA margin improved to 21.7%, up 80 basis points from the previous year [24] Business Line Data and Key Metrics Changes - Food segment net sales were $852 million, up 1% on an organic basis, driven by pricing actions and marginal volume growth [25] - Protective segment net sales were $420 million, down 8% organically, primarily due to volume declines of 6% [26] - Food adjusted EBITDA was $203 million, up 7% as reported and 10% in constant currency, with an adjusted EBITDA margin of 23.8%, up 200 basis points [25][26] Market Data and Key Metrics Changes - The industrial food processing markets were relatively flat compared to the previous year, with the South American cattle cycle remaining strong [14] - In North America, the beef market performed slightly better than expected, while pork and turkey markets were weaker [14] - Box shipments in the U.S. were down low single digits in Q1, reflecting declining consumer confidence [19] Company Strategy and Development Direction - The company is focused on transforming its operations by reorganizing into two market-focused businesses: Food and Protective [5][6] - There is an emphasis on enhancing leadership and aligning commercial, innovation, and supply chain teams to better serve customers [6] - The company is actively reviewing its supply chain to mitigate potential tariff impacts and minimize inflation [7][8] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious approach due to a potentially weakening demand environment and ongoing trade policy uncertainties [10][11] - The company expects to gain more visibility into trade policies and market demand as the year progresses [12] - Management reaffirmed full-year guidance, anticipating modest volume softness but offset by improved foreign exchange outlook [30] Other Important Information - The company is targeting to drive net debt to adjusted EBITDA to approximately 3.0 times by the end of 2026 [28] - Cash flow was a use of $12 million in Q1, compared to a source of $78 million in the same period last year [28] Q&A Session Summary Question: What specific progress is being seen in the Protective segment? - Management indicated that volumes were down 6% in Q1 but noted that large customer churn has minimized since Q1 2024, leading to expected sequential improvement [35][36] Question: How is customer satisfaction being measured? - Management confirmed that customer satisfaction is being tracked through feedback and direct engagement with distribution partners, showing improvement but still needing work [44][46] Question: What is the outlook for pricing in the Protective segment? - Management noted that net price realization remains relatively unchanged, with competitive pressures affecting pricing dynamics in the Protective segment [54][56] Question: What are the volume assumptions for the second half of the year? - Management stated that they expect a modest volume decline of about 1% in the Protective segment for the second half [82] Question: How much of the equipment materials are sourced domestically? - Management indicated that most equipment materials are sourced domestically, with limited exposure to tariffs impacting equipment sales [86]