The Steross Market and Investing Thread

Host: Nike is saying they're going to take a hit of about $1 billion because of the tariffs that they're going to need to offset with higher prices. Adidas, a $230 million hit, will have to raise prices. Walmart has warned of looming price increases. Ford, they're saying they're going to take at least a $3 billion hit

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Thanks Donald🤮Thanks Republicans🤮Now “tax” the hell out of us so that your filthy rich friends (some of whom are probably pedofiles) can get permanent huge tax breaks while 98% of us suffer. 😡
 
Host: Nike is saying they're going to take a hit of about $1 billion because of the tariffs that they're going to need to offset with higher prices. Adidas, a $230 million hit, will have to raise prices. Walmart has warned of looming price increases. Ford, they're saying they're going to take at least a $3 billion hit

So my EPL team just transferred to Adidas for their apparel/uniforms. I buy a New Jersey or two for every season. My $100.00 (pre-tariff) jersey ended up costing me almost $140.00. I’m a LFC fanatic so I’ll still buy, but….damn. It’s very clear to me from personal experience who pays the tariff….and it ain’t Adidas.
 
Host: Nike is saying they're going to take a hit of about $1 billion because of the tariffs that they're going to need to offset with higher prices. Adidas, a $230 million hit, will have to raise prices. Walmart has warned of looming price increases. Ford, they're saying they're going to take at least a $3 billion hit

If the DOW has a 2000+ point down day we'll know one reason why.
 
Wholesale prices unexpectedly jumped 0.9% in July, the biggest monthly proce increase in three years. Even worse, machinery and equipment wholesaling rose 3.8%.

 
So my EPL team just transferred to Adidas for their apparel/uniforms. I buy a New Jersey or two for every season. My $100.00 (pre-tariff) jersey ended up costing me almost $140.00. I’m a LFC fanatic so I’ll still buy, but….damn. It’s very clear to me from personal experience who pays the tariff….and it ain’t Adidas.
I have ordered a few things from the Spurs Shop. I can never quite seem get the size right. Due to a medical condition I have recently lost a lot of weight. Now I really have no idea what size to order, and I will have to pay a tariff fee on top of that. Should be interesting.
 
Fox: Markets selling off because July PPI inflation came in up 0.9%, worse than estimated at 0.2%. Year-over-year up 3.3%, versus the estimate of 2.5%. It's troubling

 
Wholesale prices unexpectedly jumped 0.9% in July, the biggest monthly proce increase in three years. Even worse, machinery and equipment wholesaling rose 3.8%.

That increases the chance that Trump will issue stimulus checks, in order to head off a recession, while not worrying that it didn't work for Bush.
 
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