Squawk on the Street SOTS 2nd Hour: More Tariff Headlines, CoreWeave IPO Latest, & Related Cos CEO on Data Center Push 3/27/25
Mar 27, 2025
Jeff Blau, CEO of Related Companies and a major player in real estate development, discusses his company's shift to data centers to meet AI demands. He shares insights on raising up to $8B for these investments, including the upcoming IPO of CoreWeave and its market implications. Jonny Fine from Goldman Sachs offers a counterpoint, analyzing resilient credit markets amidst looming tariffs and economic uncertainties. Their conversation dives into the intersection of technology, investment, and the potential impacts of new tariffs on various sectors.
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USMCA Compliance
- Key questions remain about how these tariffs align with USMCA.
- The automotive industry expressed support for U.S. manufacturing growth.
Ferrari Price Hike
- Ferrari plans to increase prices by 10% due to the tariffs.
- Higher car prices in the U.S. are likely in the short term.
Lowered Growth Estimates
- S&P Global Ratings' economist Sachem Pandey lowered U.S. GDP growth estimates.
- He cites trade tariffs, immigration curbs, and federal workforce changes as reasons.