Ep. 94: Google, Comcast, Rogers, Televisa Univision and Havas Earnings + More

All right.

So in the economy this week, we got a few interesting things.

We had U.S. jobless claims, 187,000, the lowest since 1969 in context of a labor market double that size.

We are in this weird, low hire, low fire market.

Workers continue to hang on to their jobs.

Labor participation rate declines.

It's this bizarre bucket of mixed signals in the employment market.

But then we got some tariff news.

What was new on the tariff front?

Oh, God, Luke, don't get me started.

But your country is now putting major tariffs back on Canada, upwards of 50%.

And the concerning thing this time is the ones that were covered by the Mexico-US-Canada trade agreement are no longer valid.

So if this actually comes to pass in 30 days from now, all the tariffs will kick in, even the ones that are supposed to be covered by the trade agreement.

Tariffs on motor vehicles, on dairy products, alcoholic beverages, really across the board.

Plus, Trump announced new broad tariffs, 10 to 12 percent on every market to replace the temporary ones that actually expire today.

So back to shades of last year's headlines with new tariff news.

Now, on the business front, I know the U.S. released your CPI numbers last week.

We released ours in Canada on Monday, July 20th.

And very similar, we were down from 3.2% to 2.8% for the month of June.

So almost a full half point drop, which is great.

So the economy is still humming along.

Now, that was before the tariffs were announced, but the underlying economy is doing great and interest rates were holding as well.

All right.