Senior counselor to President Trump for trade and manufacturing, Peter Navara. Peter, always a pleasure. It's wonderful and great to see you again, sir.Can you talk about back with you too long. >> It's been too long is right. Can you tell us more about Trump's new sweeping executive order exempting more than 100 food and ging grocery items from his reciprocal tariffs.Because the media is complaining about this, saying, "Well, we thought he needed tariffs for, you know, national security." >> Well, this one ...

Key Takeaways Mondelez saw Q3 adjusted gross profit and margins fall sharply amid record cocoa and higher transport costs. The company stated that cocoa inflation peaked in Q3 and moderating prices may ease pressure. Pricing resets, pack changes, stronger promotions and productivity efforts are key to margin recovery. Mondelez International, Inc. (MDLZ) entered the third quarter of 2025 with cocoa costs sitting at record highs, and the impact on profitability was obvious. The adjusted gross profit dropped b ...

Trade Deal Overview - The U.S. and Switzerland are nearing a trade deal to reduce tariffs imposed by President Trump from 39% to potentially 15% [1][2] - The reduction aims to align Swiss tariffs with those imposed on EU exports to the U.S. [2] Economic Impact - The high tariffs have negatively affected Swiss exports, particularly in key sectors such as watches, jewelry, machinery, chocolate, electronics, and pharmaceuticals [4] - Shares of Swiss companies, including Swatch Group and Richemont, saw an increase following news of the potential tariff reduction [4] Government Response - Swiss officials, including Economy Minister Guy Parmelin, are in regular contact with U.S. authorities regarding the ongoing discussions [3] - The Swiss economy ministry has refrained from commenting on the negotiations, indicating a cautious approach [3]

Economic Impact of Government Shutdown - The ongoing government shutdown is projected to cost the U.S. economy up to $14 billion, equivalent to a 2 percentage point hit to GDP [1] - Most negative effects of the shutdown could be reversed once the government reopens [1] Tariff Effects on Consumers and Businesses - U.S. businesses and consumers face an average tariff rate of 18%, the highest in about 90 years, leading to an estimated income loss of around $1,800 per household this year [2] - Consumers are shouldering most of the tariffs, with American households responsible for about 55% of the new levies, while companies pay 22% [3] Halloween Spending Trends - Americans are expected to spend a record $13.1 billion on Halloween this year, up from $11.6 billion last year, with nearly 80% of consumers anticipating higher prices due to tariffs [4] - Tariffs are also influencing consumers to plan for reduced spending on Christmas gifts and other items [5] Cocoa Market Dynamics - Cocoa prices have spiked due to plant disease and drought in West Africa, leading to increased chocolate prices from major chocolatiers like Hershey and Lindt [8] - Many chocolatiers are reformulating their products by reducing cocoa content, which has led to changes in product labeling [9] European Chocolate Manufacturers - European sweets manufacturers are expected to see a decline in operating margins this year due to increased cocoa prices and reduced demand for cocoa-containing products [11] - A recovery in margins is anticipated in 2026 as cocoa prices continue to fall [11] Stock Market Trends - The S&P 500 has spent over 125 trading sessions above its 50-day moving average, driven by investor enthusiasm over artificial intelligence [13] - Historically, stocks tend to outperform from November to April, with an average return of 7% during this period [14] - The S&P 500 has gained over 16% year-to-date, suggesting a strong chance of a year-end rally [16]

Halloween is shaping up to be a test for the chocolate industry, as high cocoa costs threaten to accelerate a consumer shift toward cheaper and trendier sweets such as sour gummies https://t.co/20BGcCvwSv ...

Financial Performance - Q3 2025 - Organic Net Revenue grew by 3.4%[12, 14], driven by an 8.0 percentage points increase in price, but offset by a 4.6 percentage points decline in volume/mix[14] - Adjusted Gross Profit declined by 21.3%[14] - Adjusted EPS decreased by 24.2%[14] - Free Cash Flow reached $1.2 billion YTD[14, 38] Financial Performance - YTD 2025 - Organic Net Revenue increased by 4.0%[14, 22], with a 7.2 percentage points contribution from price and a 3.2 percentage points decrease from volume/mix[14] - Adjusted Gross Profit declined by 15.2%[31] - Adjusted EPS decreased by 18.8%[36] Segment Performance - Q3 2025 - Emerging Markets Organic Net Revenue grew by 7.1%[22], while Developed Markets saw a 1.2% increase[22] - Chocolate Organic Net Revenue increased by 8.2%[24], while Biscuits & Baked Snacks grew by 1.2%[24] - North America revenue growth was 3.4% with operating income growth of -4.6%[29] - Europe revenue growth was 5.3% with operating income growth of -4.0%[29] Outlook and Strategy - The company updated its FY 2025 outlook to 4%+ Organic Net Revenue growth and ~-15% EPS decline (cst fx)[12, 42] - The company expects on-algorithm EPS growth for 2026[12, 49] - The company projects Free Cash Flow of $3 billion+ for FY 2025[42]

Core Insights - Mondelez International, Inc. is expected to report revenue growth of 5.9% year-over-year, reaching $9.74 billion for Q3 2025 [1][9] - However, the company's earnings per share are projected to decline by 26.3% year-over-year, remaining at 73 cents [2][9] Revenue Performance - The growth in revenue is attributed to strong performance in chocolate and biscuit categories, supported by effective pricing actions and brand execution [3][4] - The company anticipates a 3.8% revenue growth in the biscuit category for the third quarter [3] - Organic revenue growth is expected to be 4.6% for Q3, driven by a 7.4% increase in pricing [4] Cost and Profitability Challenges - Mondelez faces challenges from elevated input costs, particularly high cocoa prices, and an unfavorable product mix, which may impact profitability [5] - Higher operating expenses are also contributing to the pressure on margins [5] Earnings Prediction Model - The Zacks model indicates that Mondelez does not have a strong likelihood of beating earnings expectations this quarter, with a Zacks Rank of 4 (Sell) and an Earnings ESP of -2.50% [6]

The more costs this chocolate giant passes on to customers, the more expensive your indulgence potentially becomes https://t.co/pBSMMhpVjn ...

From its discreet headquarters in Zurich, But after years of steady growth, Barry Callebaut is navigating one of its rockiest stretches. The company’s shares have nearly halved over the past two years, hit by soaring cocoa prices, higher financing costs and a leadership shakeup.Today, Barry Callebaut is Switzerland’s most heavily shorted stock, with about a quarter of its free float in the hands of bearish investors. Though shares have rebounded in recent weeks, the volatility has rattled investors, who’ve ...

Swiss chocolate maker Barry Callebaut, a major supplier for Nestlé and Hershey, is positioning for a comeback after its stock nearly halved in value https://t.co/spcxV6iIhG ...