Hurricane Katrina's Economic Lessons Today
Update: 2025-08-28
Description
The discussion on today's Engineering the Trade centers around recent economic indicators, particularly the GDP report, which indicates resilient consumer spending despite concerns over tariffs. NVIDIA (NVDA) reported earnings amid uncertainties in China, leading to a flat stock performance. Tesla (TSLA) faces challenges with declining European sales. Jermal shares thoughts on hurricane damage statistics in light of Hurricane Katrina's twentieth anniversary and highlights a low-volatility trading environment, emphasizing the importance of consumer discretionary spending in the current market landscape.
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