GM Slashes Guidance, Kohl’s Fires CEO

通用汽车下调预期,科尔士解雇首席执行官

Bloomberg Intelligence

新闻

2025-05-02

24 分钟
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Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Alix SteelToday’s Podcast Features are:    David Welch, Bloomberg Detroit Bureau Chief, discusses General Motors cutting its full-year profit outlook due to as much as $5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so far from President Donald Trump’s trade war.Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses Kohl’s saying its’ board terminated CEO Ashley Buchanan due to undisclosed conflicts of interest. An investigation conducted by outside counsel and overseen by Audit Committee of board determined Buchanan violated company policies by directing company to engage in vendor transactions that involved undisclosed conflicts of interest.David Kirkpatrick, Founder of Techonomy, discusses tech earnings. Meta Platforms Inc. shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations. Marci McGregor, Head of Portfolio Strategy for the CIO, at Merrill and Bank of America Private Bank, discusses her market outlook. Technology companies are powering US stocks on Thursday after the latest batch of robust earnings, with major indexes close to erasing losses sparked by the tariff shock that rattled markets just weeks ago. See omnystudio.com/listener for privacy information.
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  • All right, so two days later,

  • we finally get a GM's conference call slashing guidance with up to $5 billion hit from tariffs.

  • Joining us now, David Welch, Bloomberg Detroit Bureau Chief.

  • David, I thought that these offsets that were announced on Monday or Tuesday, I forget,

  • my time has no meaning, were supposed to help this part from the administration.

  • They did.

  • I mean, some analysts had the hit to General Motors from tariffs being as high as $10 billion.

  • Wow.

  • So it did help some.