F1's U.S. media rights

Search documents
'Cockroach' hunting, Bolton indicted, Apple eyes F1 and more in Morning Squawk
CNBCยท 2025-10-17 12:18
Group 1: Economic Impact of Tariffs - S&P Global estimates that Trump's tariff policy will cost global businesses nearly $1.2 trillion in 2025, with two-thirds of that cost expected to be passed down to consumers [4] - The U.S. budget deficit in 2025 decreased by slightly more than 2% compared to the 2024 fiscal year, with revenue from tariffs helping to mitigate government spending, although the federal shortfall remains at $1.78 trillion [5] Group 2: Media Rights and Partnerships - Apple is set to announce a deal valued at $140 million annually for U.S. media rights for Formula 1, enhancing its sports streaming portfolio which includes Major League Soccer and MLB content [7][8] - EssilorLuxottica reported that a significant portion of its revenue growth in Q3 was linked to its partnership with Meta for the development and sale of smart glasses, which was described as a "lift" for the business [10][11]