Opening Bid

• Alcoa’s former CEO has a message for Trump

  One of the biggest debates in the business world right now is how major manufacturers will respond to fresh tariffs from the Trump administration. If you’re Apple (AAPL) CEO Tim Cook, can you uproot decades of supply chain work in China and build iPhone manufacturing sites in the US to beat tariffs? Or does it make more sense to absorb the Trump tariffs on China while also passing some of the pain on to consumers? Apple isn’t alone in this dilemma—automakers such as General Motors (GM) and Ford (FORD) have large plants in Mexico and Canada, also targeted by the Trump administration’s tariffs. Yahoo Finance Executive Editor Brian Sozzi speaks at length with former Siemens (SIEGY) and Alcoa (AA) CEO Klaus Kleinfeld. Kleinfeld—author of the new book Leading to Thrive—is no stranger to interacting with policymakers and world leaders. He was still CEO of Alcoa in 2017 when he was among the executives summoned to the White House to meet with then-first-time President Trump. He also joined other CEOs in exiting Trump’s special councils. Kleinfeld weighs in on the industrial and economic impact of Trump’s tariff actions, warning they will prove far from just a US headwind. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

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• TGI Friday’s CEO on how he will rescue once bankrupt restaurant chain

  The fight for restaurant relevance. Within the past year, the sit-down dining industry has seen its fair share of troubles. Hooters filed for bankruptcy earlier this year. Red Lobster managed to emerge from bankruptcy in September 2024. At the heart of the bankruptcies were changing demographics, shifts in how people work and poor decisions on food quality and experience. No sit-down restaurant encompasses this more than TGI Fridays. The company filed for bankruptcy in November 2024 following years of missteps. The company closed dozens of locations as part of the bankruptcy process. What has emerged is a much smaller franchisee led chain that is hoping to find some form of relevance again after a storied history with cocktails and potato skins. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid podcast with the person responsible for that turnaround, TGI Fridays CEO Ray Blanchette. Blanchette started as a manager trainee in 1989, rising the ranks to hold the CEO role for six years. Blanchette left in 2023. Can he save TGI Fridays? The clock is ticking. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

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• What Trump tariffs really mean to semiconductors: former Intel CEO

  There isn’t much Pat Gelsinger hasn’t done in the tech industry. He created cutting edge technology decades ago at Intel (INTC). Then went off to VMWare to reinvest the tech player. He then returned to Intel several years ago to revive the chip giant. But Gelsinger’s tenure at Intel was rocking as the company fell behind rivals like Nvidia (NVDA) and AMD (AMD)with AI chips. The company also made a big decision to start making its own chips, which came at a material cost to the bottom line. With results and the stock price under pressure, Gelsinger and Intel parted ways in December 2024. Yahoo Finance executive editor Brian Sozzi talks with Gelsinger now that he has had some to reflect on his Intel tenure. Gelsinger has emerged as an investor in startups, taking his experience at Intel and seeking to help the next generation of tech leaders. Learn more about your ad choices. Visit megaphone.fm/adchoices

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  34:15
• Why wealthy investors are buying the stock market dip

  The stock market’s tariff-driven convulsions have upended the financial security of many seeking to build their wealth. That includes everyone from those nearing retirement to those in retirement to the wealthy. In effect, investors feel trapped amid the daily market-moving headlines. Financial advisers are also being tested to a degree not seen in years. Popular investing ideas such as Nvidia (NVDA) and Apple (AAPL) have come under pressure on tariff fears. The bond market is sending worrying signals on the economy. Yahoo Finance Executive Editor Brian Sozzi talks with the co-heads of Bank of America’s Merrill Wealth Management unit Lindsay Hans and Eric Schimpf. They are on the frontlines of the big changes in wealth happening right now. The pair shares what they are hearing from clients and their financial advisers, and what strategies are being employed to ride out the uncertainty. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

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  26:45
• Is trust in the US market eroding?

  So much for the mini relief rally in one of the world’s most popular stocks. Shares of Nvidia fell as much as 5% in early trading on Wednesday as the company said it would take a $5.5 billion charge as the Trump administration barred it from selling its H20 AI chip in China. The news comes a day after Nvidia tossed the Trump administration a big bone in committing to spend $500 billion over four years to manufacture AI supercomputers in the US. Nvidia’s whopping charge and the subsequent negative reaction in the stock should remind investors of at least two things. One, the US and China remain far apart in a trade deal – and in the meantime, escalations along the lines of the Nvidia chip news should be expected. US Treasury Secretary Scott Bessent suggested a deal with China hasn't yet taken form in an exclusive interview with Yahoo Finance on Tuesday. Talks between the two haven’t commenced, Bessent suggested. And two as it pertains to Nvidia, in this environment investors should assume bad news isn’t baked into the stock price. The fact Nvidia’s stock price is being hit on news pros say had been expected says a lot about ongoing market uncertainty amid the trade war. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Langston Sessoms Learn more about your ad choices. Visit megaphone.fm/adchoices

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