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Justin Ho

๐Ÿ‘ค Speaker
694 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Especially Southeast Asia, where he says cancellations could go from sporadic to systematic.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Europe will likely feel it next.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

And there's also California.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

But American travelers overall are in a much better spot than most because of how much crude oil the U.S.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

produces and refines, says Karim Fawaz with S&P Global Energy.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

He estimates the world has lost some 40% of traded jet fuel supply since the start of the crisis.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Much of it is refined in the Middle East.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

So demand will have to follow.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

And unlike gasoline or diesel, jet fuel demand is more sensitive to rising prices.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

The higher ticket prices go, the more likely people will opt out of flying.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

So Abhi Rajendran with Energy Intelligence says he does expect U.S.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

demand for jet fuel to come down this summer.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Would-be Spirit Airlines flyers may opt to road trip instead, which would increase demand for gasoline at a time of already higher prices and lower global supply.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

I'm Elizabeth Troval for Marketplace.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

GameStop CEO Ryan Cohen has been wanting to invest in something for a while, says Wedbush's Michael Pachter.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Kind of like a minnow attempting to eat a whale, says Eric Talley at Columbia Law.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

GameStop says its stores could give eBay a physical space for intake and fulfillment.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Talley says there could be other reasons.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

Another one is just that they want to try to monetize the value of their stock, which still has quite a bit of froth and bubbleness inside it before that bubble bursts.

Marketplace
Consumers might see some tariff refunds โ€” in 2036

And that's not a terrible strategy to pursue.