# Navigating Financial Trends Amid Political Change - EMS & The Economist, August 2024

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2024-08-12
- Length: 25m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024

## Summary

IPC Chief Economist Shawn DuBravac joins host Philip Stoughton to analyze recent market volatility, attributing the tech stock sell-off to a repricing of risk driven by geopolitical tensions, a slowing US economy, and the unwinding of the yen carry trade. DuBravac explains that EMS and PCB manufacturers are losing pricing power as input costs remain high while selling prices decline, forcing companies to seek lower-cost production in Asia or Mexico. The conversation further explores how the upcoming US presidential election creates investment hesitation among manufacturers, who are waiting for policy clarity and potential stimulus before committing to long-term capital projects.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=6) Introduction: Philip Stoughton and Shawn DuBravac
- [0:57](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=57) Market Volatility and the Yen Carry Trade
- [5:25](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=325) Tech Stock Sell-offs and NVIDIA Valuations
- [8:36](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=516) PCB and EMS Pricing Power Dynamics
- [12:57](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=777) Supply Chain Shifts and Tariffs
- [16:35](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=995) US Election Impact and Industrial Policy
- [22:23](https://hardwarepodcasts.com/podcast/ems-c-level/2024-08-12-navigating-financial-trends-amid-political-change-ems-the-economist-august-2024#t=1343) Investment Hesitation and Intel Layoffs

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Fundraising & investors](https://hardwarepodcasts.com/topic/fundraising)
- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)

## Most relevant to

established companies

## Mentioned

- IPC (company)
- NVIDIA (company)
- Apple (company)
- Berkshire Hathaway (company)
- Alphabet (company)
- Starbucks (company)
- Target (company)
- Flex (company)
- Jabil (company)
- Sanmina (company)
- Celestica (company)
- Foxconn (company)
- Intel (company)

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- [Jersey Jeff Jactitation](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-02-07-jersey-jeff-jactitation) (The Amp Hour)
- [Episode 114: More Semi Tariff Chaos, Lip Bu's Plan, TSMC Earnings](https://hardwarepodcasts.com/podcast/the-circuit/2025-04-21-episode-114-more-semi-tariff-chaos-lip-bus-plan-tsmc-earnings) (The Circuit)
- [The Future of PCB Manufacturing: Tariffs, Supply Chains & More](https://hardwarepodcasts.com/podcast/ontrack/2025-04-18-the-future-of-pcb-manufacturing-tariffs-supply-chains-more) (OnTrack)
- [EP 131: NVIDIA/AMD Export Tax Unconstitutional? AMAT Earnings, Talking NeoClouds, Another Week for Intel!](https://hardwarepodcasts.com/podcast/the-circuit/2025-08-17-ep-131-nvidia-amd-export-tax-unconstitutional-amat-earnings-talking-neoclouds-an) (The Circuit)

## Citing this page

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