Brian Stewart

It jumped 7% on its earnings report. It said that it sees only limited impact from tariffs. So that's a global company saying that it probably won't see a big hit from tariffs. In the sales in general, revenue was up 3%, but volumes were down 2%.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

to customers so you might see a a rush of higher prices or um and this isn't tariff related related but you've seen companies put in um

to customers so you might see a a rush of higher prices or um and this isn't tariff related related but you've seen companies put in um

to customers so you might see a a rush of higher prices or um and this isn't tariff related related but you've seen companies put in um

um extra extra pricing for the eggs you know as as egg prices have um gone up so you do see companies find ways to pass these costs on to consumers so the whether or not a company can do that is going to be based on their individual business so it's really going to be kind of company specific and so if you look at like budweiser in general it seems like so far they've been pretty successful

um extra extra pricing for the eggs you know as as egg prices have um gone up so you do see companies find ways to pass these costs on to consumers so the whether or not a company can do that is going to be based on their individual business so it's really going to be kind of company specific and so if you look at like budweiser in general it seems like so far they've been pretty successful

um extra extra pricing for the eggs you know as as egg prices have um gone up so you do see companies find ways to pass these costs on to consumers so the whether or not a company can do that is going to be based on their individual business so it's really going to be kind of company specific and so if you look at like budweiser in general it seems like so far they've been pretty successful

And you can also see that kind of filtering through to the consumer level in the Conference Board Consumer Confidence Index report. The inflation expectations, consumers' inflation expectations jumped to 6% from just over 5% in the previous month. Just as a reference, the Fed is looking to keep inflation about 2%. So you have consumers sort of seeing a 3%. predicting a 3X to the Fed's benchmark.

And you can also see that kind of filtering through to the consumer level in the Conference Board Consumer Confidence Index report. The inflation expectations, consumers' inflation expectations jumped to 6% from just over 5% in the previous month. Just as a reference, the Fed is looking to keep inflation about 2%. So you have consumers sort of seeing a 3%. predicting a 3X to the Fed's benchmark.

And you can also see that kind of filtering through to the consumer level in the Conference Board Consumer Confidence Index report. The inflation expectations, consumers' inflation expectations jumped to 6% from just over 5% in the previous month. Just as a reference, the Fed is looking to keep inflation about 2%. So you have consumers sort of seeing a 3%. predicting a 3X to the Fed's benchmark.

So consumers are becoming ready for higher inflation. So that might give some companies a green light to go ahead and raise prices. On an ending note, underline again the jobs data that's coming out. I think that's going to be critical, especially as you're looking for Fed policy. Like I said, the Fed is starting to find itself in a trap.

So consumers are becoming ready for higher inflation. So that might give some companies a green light to go ahead and raise prices. On an ending note, underline again the jobs data that's coming out. I think that's going to be critical, especially as you're looking for Fed policy. Like I said, the Fed is starting to find itself in a trap.

So consumers are becoming ready for higher inflation. So that might give some companies a green light to go ahead and raise prices. On an ending note, underline again the jobs data that's coming out. I think that's going to be critical, especially as you're looking for Fed policy. Like I said, the Fed is starting to find itself in a trap.

And so that'll be sort of the key to whether or not it has some inflation fighting room left to go.