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Caterpillar Warns of Higher Tariff Hit | Open Interest 8/29/2025
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August 29, 2025
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1:27:15Now PlayingGet a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." The Fed's preferred inflation gauge was mostly in line with expectations as US consumer spending rose in July by the most in four months. Meanwhile, the Trump administration's campaign against Lisa Cook intensifies as she seeks an emergency hearing this morning to block her removal. Caterpillar is warning that tariffs ill have an even bigger impact on its business, costing it as much as $1.8 billion this year. PepsiCo boosts its stake in Celsius in a bid to bulk up its energy-drink business. Ahead of the Labor Day holiday weekend, we talk to the CEO of ResortPass and Malibu Boats.
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