5/15/25: Walmart price hikes, Pam Bondi caught cashing out
The David Pakman Show
David Pakman
4.8 • 6.2K Ratings
🗓️ 15 May 2025
⏱️ 58 minutes
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| 0:00.0 | Welcome, everybody. |
| 0:08.5 | A Walmart has just fired a warning shot that every American shopper should be paying attention |
| 0:16.0 | to. |
| 0:17.0 | It's going to hit Trump supporters harder, as is often the case with these policies that have |
| 0:22.4 | a sort of trip, a real trickle down effect in the economy. |
| 0:27.1 | This is about Walmart's latest earnings report. |
| 0:29.8 | Walmart posted mixed results. |
| 0:31.1 | Okay. |
| 0:31.7 | Some good, some bad. |
| 0:33.2 | But the real story is not their revenue numbers. |
| 0:36.4 | It's about what Walmart says is coming next and that's higher prices. |
| 0:40.6 | And they're saying it's the Donald Trump tariffs that are going to lead to that. |
| 0:44.5 | The Walmart CEO, Doug McMillan, pointed at Trump's tariffs and says, we aren't able |
| 0:49.9 | to absorb all the pressure. |
| 0:52.7 | There was this idea. Some of these businesses will just absorb the pressure. There was this idea. |
| 0:54.6 | Some of these businesses will just absorb the tariffs and say, we'll just make less money. |
| 1:01.3 | And Walmart is now saying in investor documents, they're not going to be able to do it. |
| 1:06.2 | It doesn't seem to be politics so much as it seems to be an economic reality that's going |
| 1:11.7 | to hit people's grocery bills and expenses for a whole variety of products that people buy. |
| 1:18.7 | We saw a 4.5% increase in same store sales in the United States at Walmart, but overall |
| 1:26.1 | revenue missed expectations. Fine. They beat earnings |
| 1:30.0 | estimates. Some numbers are up. Some numbers are down. But the path forward is one where you and I |
... |
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