Trump touts progress in tariff talks with US commerce companions

Final earnings season, companies talked about tariffs always.

Now, as the primary quarter reporting season will get underway in earnest, we’re about to listen to from executives once more about their outlooks after President Trump’s “Liberation Day” tariff developments went a lot farther than many anticipated. (By the way in which, now you can hearken to earnings calls reside on Yahoo Finance.)

We’ll additionally hear about their plans for managing and mitigating an unsure commerce surroundings. The primary indications counsel that many corporations will pull their steering, as Delta (DAL) did final week, whereas others, like Netflix, reassured traders that they’ll stay protected havens.

Here is what some prime CEOs advised Wall Road analysts this week :

Netflix (NFLX) co-CEO Gregory Peters: “We have actually seen intervals of difficult financial circumstances traditionally in numerous international locations. And we have usually been in a position to maintain that constructive flywheel spinning even in these conditions. And I feel that speaks to … that we’re, for many individuals, an excellent worth, at the same time as they’re being cautious about the place they spend.”

L’Oréal (OR.PA) CEO Nicolas Hieronimus: “Most of our [consumer] manufacturers, CeraVe, are manufactured in North America. So what’s exported is generally luxurious. … We are able to take costs up. Now we have constructed stock. And sure, we will relocate a few of our productions. However after all, we do not wish to … take any measures on one thing that is likely to be momentary. So we’re watching rigorously what’s taking place and attempting to determine what would be the finish sport.”

American Specific (AXP) CEO Stephen Squeri: “I feel small companies are those that we’d pay much more consideration to simply as a result of … they may very well be put in a state of affairs and will be unable to compete successfully available in the market.”

Squeri additionally advised my colleague Brian Sozzi that thus far, spending has been “as robust because it was final quarter, possibly barely, barely stronger, and credit score nonetheless continues to look actually good.”