Squawk on the Street SOTS 2nd Hour: CPI Breakdown, LIVE: Stephen Miran, & AMC Entertainment CEO Talks Box Office 8/12/25
Aug 12, 2025
Stephen Miran, Chairman of the Council of Economic Advisers and a key figure in economic policy under President Trump, discusses the implications of a recent inflation report and its positive reception in the market. He explores how higher inflation may benefit equity investors. Meanwhile, Eli Gross, Global Co-Head of Investment Banking at Morgan Stanley, shares insights into the resurgence of M&A activity and IPOs, examining corporate confidence and the evolving economic landscape. They also touch on AMC Entertainment's recovery and the changes in consumer trends within the entertainment industry.
AI Snips
Chapters
Transcript
Episode notes
Improve Survey Design And Response Rates
- Economic statistics rely on surveys and have grown noisier since COVID, so improve collection methods and incentives to raise response rates.
- Miran urges fixing data quality to make statistics more credible and trustworthy.
Who Actually Bears Tariff Costs?
- Tariff incidence depends on flexibility: Miran argues more inflexible parties bear the burden and foreign suppliers can absorb costs.
- He believes long-run tariff burdens can fall on countries being tariffed, not necessarily U.S. consumers.
M&A Rebound Fueled By Confidence
- M&A activity is rebounding as macro conditions, earnings growth, and clearer regulatory guidance boost corporate confidence.
- Morgan Stanley's Eli Gross notes deals beget deals and boards rethink strategy after big transactions announce.