President Trump's tariffs are prompting companies to warn of profit hits and rising costs for consumers, according to NBC News. PepsiCo and Procter & Gamble lowered their forecasts, citing rising supply chain costs, weaker consumer demand, and the impact of tariffs. Consumers, already stretched by inflation, are turning to credit and installment loans for essentials, with BNPL delinquencies on the rise. Executives across sectors flagged potential empty shelves by July due to pricing concerns and falling ocean container volumes from China. Trucking activity from Los Angeles is down 23%, and FreightWaves predicts another decline.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's tariffs are promoting companies to warn of profit hits and rising costs for
00:06consumers, according to NBC News. PepsiCo and Procter & Gamble both lowered their forecasts,
00:11setting rising supply chain costs, weaker consumer demand, and the impact of tariffs.
00:16Consumers already stretched by inflation are turning to credit and installment loans for
00:20essentials, with BNPL delinquencies on the rise. Techatives across sectors flagged potential
00:25empty shelves by July due to pricing concerns and falling ocean container volumes from China.
00:31Trucking activity for Los Angeles is down 23%, and freight waves predicts another decline.
00:36For all things money, visit Benzinga.com slash GSTV.