Episode 244

HdS News: Trump Tariffs = Inflation Uncertainty & Market Crash Fears

Trump Tariffs = Uncertainty around Inflation + Slowing Interest Rate Cuts!

What do we do during uncertain times? How are our customers feeling? + A special fun story to change the subject from Fear, Uncertainty, and Doubt!

Check out this week's news updates, build Strong Business, and serve your customers better!

Takeaways:

📉 Stock Market & Economy

U.S. markets saw major drops in Q1 2025 due to tariff concerns.


S&P 500 down 4.6%, Nasdaq down 10.5%—worst quarter since 2022.


Tech stocks were hit hard (e.g., Tesla down 36%).


🧾 New Tariff Announcements

President Trump plans to implement new tariffs on “Liberation Day.”


Aimed at reducing reliance on foreign goods, but details unclear.


Analysts warn of higher prices and lower household income.


💸 Consumer Spending & Inflation

Consumer spending up 0.4% in February—but inflation still sticky.


Core PCE inflation rose 2.8% year-over-year, raising stagflation fears.


Spending is up, but prices are still outpacing wage growth for many.


😟 Consumer Sentiment

Confidence dropped nearly 18% in March.


Economic outlook among consumers is becoming increasingly negative.


Could impact how much people spend in the months ahead.


🚀 Astronaut Curveball Story

NASA astronauts Butch Wilmore & Suni Williams spent 9+ months in space due to Boeing Starliner issues.


The mission was meant to be short-term—extended for safety.


Despite delays, astronauts voiced full confidence in Starliner’s future.


We are all impacted by the economy and tech advancements. Your clients are, too!

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Being informed is an integral part of the success of any community or business.

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You now have extra things to talk to your customers about!



Sources:

https://www.reuters.com/markets/us/futures-tumble-tariffs-fuel-recession-worries-2025-03-31/?utm_source=chatgpt.com

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https://www.msnbc.com/morning-joe/watch/-couldn-t-care-less-trump-embraces-price-hikes-ahead-of-tariff-rollout-235838021947

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https://www.reuters.com/markets/us/us-consumer-spending-rises-february-core-inflation-firmer-2025-03-28/?utm_source=chatgpt.com

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https://www.thetimes.com/us/news-today/article/nasa-astronauts-press-conference-stuck-space-iss-wzv7fzw2s?utm_source=chatgpt.com&region=global



Coming up in the hair industry I never understood why hairdressing is not as respectable as getting a college degree required job... Now, I think the college degree idea is changing, but still not quite there with hairdressing. Join us in changing that!


One of our missions is to raise the esteem and perceived importance & value of hairdressers across the USA. HdS NEWS is part of that effort. We believe to achieve this goal, we must raise the bar of professionalism, service, and sophistication of hairdressers. We hope you enjoy the news and look forward to your comments!


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DISCLAIMER: Robert holds a B.A. in Business Administration with a Minor in Finance. Robert curates the news, explaining his understanding. We suggest you use this information to talk with your financial advisor, business advisor, and/or CPA. Legal counsel may be required for some of your decisions as well. If you want business advice from Hairdresser Strong, you can hire us as a consultant/advisor, but we are not financial advisors, lawyers, or accountants.


THIS IS NOT FINANCIAL ADVICE. THIS IS FOR ENTERTAINMENT PURPOSES ONLY. IF YOU NEED LEGAL, TAX, OR FINANCIAL ADVICE, SEE A LAWYER, CPA, OR FINANCIAL ADVISOR, RESPECTIVELY


#hair #hairnews #hairpreneur #beautypreneur #hairdresserstrong #hairdresser #strong #entrepreneur

About the Podcast

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About your host

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Robert Hughes

“I THINK HAIRSTYLISTS ARE THE COOLEST, NICEST, AND MOST FUN GROUP OF PEOPLE ON THE PLANET! I AM PASSIONATE ABOUT USHERING IN AN EMPOWERED-STYLIST FUTURE, AND I ABSOLUTELY LOVE GETTING STYLISTS FROM ALL WALKS OF LIFE TOGETHER IN A NON-COMPETITIVE ENVIRONMENT WHERE WE CAN LEARN, LAUGH, AND GROW TOGETHER.”
-Said by ME!
Robert started his hair journey as a kid in rural America offering haircuts on the street to kids in the neighborhood, not realizing, one day, he would find himself working the front desk at a hair salon while in high school. From there, his experience from salon-to-salon has included the front of the house, back of the house, stylist, educator, and consultant. It was during this movement through various salons he developed a passion to empower stylists and educate owners on how to raise the industry standard of excellence, mutual respect, and professionalism amongst stylists, managers, owners, and clients. Robert currently is the General Manager and a Master Stylist at Violet Salon in Georgetown, DC.