What did the company say about the impact of MAGA policy? | Real Time Headlines

period Metler ToledoIn earnings call earlier this month, executives found themselves posed a series of questions on a key topic: tariffs.

The Ohio-based manufacturer of industrial-scale and laboratory equipment has turned on the president’s expected impact, turning on the phone Donald Trump’s Still evolving trade policies. However, when the incident moved to the Q&A section, the analyst’s query sought further details about the potential tariffs.

“Uncertainty in many of our core markets and in the global economy remains,” said Shawn Vadala, head of finance, on a February 7 call. “Geopolitical tensions remain rising, And include the potential of new tariffs we have not taken into account.”

Metteler Toledo’s experience is not unique. The largest U.S. company questioned how or whether Trump’s promises on issues such as international trade to immigration and diversity will change businesses.

CNBC analysis shows that multiple core themes related to Trump’s policy are popping up S&P 500– More and more clips are listed in the company. Get the “tariff”. Just a few weeks later, the frequency of the word and its changes on earnings calls reached its highest level since 2020, the last year of Trump’s first semester.

Most importantly, new acronyms and phrases such as “America Bay” or “Doge” as the business community evaluates what Trump’s return to power means to them.

Strangely, Trump himself did not mention these calls. In the transcripts reviewed by CNBC, many of the uses of the term “Trump” are called verbs, not presidents.

Still, comments on call transcripts show how keywords related to Trump’s policy quickly become commonplace. With the completion of the first earnings season of 2025 by more than 75%, the reviews provide early glimpses to see how these companies view the new government.

One of the most talked about policies is Trump’s tariff plan. The President’s brief Implemented – and then put off – 25% tax on imports from Mexico and Canada to the United States. He also taxes 10% and Imposed aluminum and steel tariffs. Then, on Thursday, he discussed a plan Retaliatory tariffs On other trading partners in other countries.

This is not surprising that tariffs are a hot topic considering uncertainty. The theme has been raised in more than 190 calls held by the S&P 500 Company in 2025, which puts it on track and can see its highest share in a decade.

Late last year, the frequency of Trump’s return to the White House became clear. According to CNBC’s data analysis of market research service Factset, about half of the calls that mentioned the word form in mid-2024 occurred in the fourth quarter.

“Studying tariffs has been at the top of what we’ve been doing.” Marathon oil CEO Maryann Mannen was on a Feb. 4 revenue call for Energy Company.

Several companies said they did not take the potential impact of these taxes into account in their guidance, citing uncertainty about which orders will actually be in place. Others are not sure: Martin Marietta MaterialsChief Financial Officer James Nickolas said the supplier’s profits could benefit or benefit from tariffs, depending on the form that eventually takes effect.

although Genac CEO Aaron Jagdfeld said how these import taxes impact future performance, saying generator manufacturers are ready to mitigate financial blows by reducing costs elsewhere and increasing prices. Camden Property Trust CEO Richard Campo said the company’s analysis showed that the proposed tariffs would increase material costs in Canada and Mexico, such as wood and electrical boxes. These comments support Trump’s idea that tariffs may raise consumer prices and fan inflation.

Zebra technology Chief Financial Officer Nathan Winters said rising prices could help relieve profit pressure. Auto Parts Manufacturer BorgwarnerMeanwhile, demand in some markets is expected to fall for another year, with CFO Craig Aaron partly attributed to potential headwinds of these taxes.

CiscoR. Scott Herren agreed with other executives on the lack of clarity, describing the tariff situation as a “dynamic” of earnings calls from network equipment manufacturers last week. The chief financial officer still said the company plans to target certain differences in Trump’s tariff proposals going into effect and expects costs to increase.

“We have planned several scenarios and steps, and we can take several scenarios and steps based on how it actually takes effect,” he said.

Trump has promised Mass deportation During the second semester of the term, undocumented immigration work. Immigration crackdown is a core component of Trump’s political messaging “Cover the wall” Between the first term in the United States and Mexico. Critics assert that his plan will Shocking the labor market And may cause Inflation is higher.

CNBC data shows that immigrants mentioning that they often make ticking in the first year of the new government. But in 2025, Joe Biden’s first years of his second term as president and Barack Obama highlighted Trump’s role in enhancing issues in American businesses.

Some companies group immigration and tariffs as drivers of broader unpredictability in the economy. Nicholas Pinchuk, CEO of Tool Manufacturer Snapshotan anecdote that describes its customers’ strong demand for repair services, but says it is still under pressure from red flags in the economic context.

“It’s obvious that technicians are in a good position. But that doesn’t protect them from the macro uncertainty around them: ongoing wars, immigration disputes, ongoing inflation,” Pinchuk said. “Although the election is in In the rearview mirror, and the new team may be more focused on business expansion, but the rapid development of new initiatives. …It’s hard not to know what’s going on.”

Companies across departments have questions about changes in U.S. population composition. AT&T,,,,, Verizon and T-Mobile All questions raised regarding whether a slowdown in immigration will hurt the demand for certain telephone programs. Michael Manelis, Director of Operations, Apartment Manager Equity ResidentialIn response to an enquiry related to immigration, it said it did not see any increase in leases in deported leases.

Real estate developers in Southern California market Proges CEO Hamid Moghadam said deportation could reduce workers’ databases, which in turn would drive employment costs in the region. This could exacerbate already expected pricing pressures due to the rebuilding of the Los Angeles community last month Wildfire.

Other businesses insist that deportation will not create a labor shortage for their operations, as all of their workers are authorized by law. A company like this, chicken producer Tyson FoodsIt has no factories visited by U.S. immigration and customs enforcement, and has not seen any decline in worker attendance.

“We are confident that we can continue to run our business successfully,” CEO Donnie King said on February 3.

Doge – The acronym of the New Government Efficiency Ministry Tesla CEO Elon Musk – As of Friday morning, it has been mentioned on more than 15 calls. The department kept Wall Street alert as investors doubt whether contracts between public companies and federal agencies could be within the chopping range if Musk’s team cuts spending.

Iron MountainDuring a visit to the Oval Office, the mines at Musk’s deposit mines were deprived of an example of inefficiency. But surprisingly, CEO Bill Meaney said the streamlining push Actual benefits Other parts of its business.

“We see this as the company’s ongoing opportunity as the government continues to push for efficiency,” he said last week.

The executives are Palantirdefensive technology company The best performer There is also hope in last year’s 500 index. Technical Head Shyam Sankar described Palantir’s collaboration with the government as “action” and “valued” and hopes that Doge engineers will “be able to see this to make a change”.

“I think Doge will bring elite and transparency to the government, and that’s exactly what our business business is,” Sankar said on a conference call on February 3. “The commercial market is elite and transparent, and you’ll see us in The result of this environment. This is the basis for our optimism about this.”

He pointed out some concerns among other government software providers and called the agreements “the holy cow of the deep state.”

Elsewhere, the so-called U.S. Gulf has been a division after Trump’s executive order renamed what has long been called the Gulf of Mexico. Herringbone Used the American nickname repeatedly In late last month, the revenue release with analysts and the call with analysts. but ExxonMobilDuring the revenue call held that day, the water body was chosen to be called the Gulf of Mexico.