Closing Bell Closing Bell Overtime: Amazon's Sports Investments, The State of the Auto Industry 5/9/25
May 9, 2025
Deirdre Bosa, a CNBC correspondent specializing in technology and transportation, joins David Lefkowitz, Head of U.S. Equities at UBS, to discuss critical market dynamics. They dive into the effects of Tesla’s stock performance and the competitive landscape between Lyft and Uber. The conversation also addresses U.S.-China trade negotiations and the potential impact of tariffs on global trade. Bosa and Lefkowitz analyze consumer sentiment while exploring recovery insights in U.S. equities amidst economic uncertainties.
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Tariff Impact on US-China Trade
- An 80% tariff on China would be tantamount to a trade war or embargo and is unsustainable.
- A 10% tariff, while inflationary, might be absorbable by the economy as a more realistic baseline.
Contrarian Signals and Earnings Momentum
- Contrarian buy signals in early April indicated stocks would perform well over the next 12 months.
- The key to further gains lies in earnings momentum improving, likely later this year.
Growth Sectors Lead Market Recovery
- Secular growth and AI-related companies have led the recent market rebound.
- Technology, communications, and utilities sectors are well positioned to drive future earnings growth.