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Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.
Persons: Donald Trump's, , Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam
Doug Burgum’s money and his family’s vision, Fargo, N.D., has undoubtedly changed in recent decades. Broadway, its main drag, is packed with restaurants, cafes, retailers and offices lovingly converted from old factories. A warehouse saved from the wrecking ball now houses North Dakota State University’s architecture and arts program. “He’s a long shot, for sure,” said Brad Moen, 69, of Jamestown, N.D., who has known Mr. Burgum for 60 years and traveled 100 miles for his presidential introduction on Wednesday. “California, New York, Ohio, Florida — they’re the big dogs, not North Dakota.”
Persons: Doug Burgum’s, Burgum, , , Brad Moen Organizations: N.D, Broadway, North Dakota State, Fargo Locations: North Dakota, North, Winnipeg, Canada, Minneapolis, Arthur, Jamestown, N.D, “ California, New York , Ohio, Florida
The volatile market is pushing some cyclical stocks' price-earnings ratios to levels that Bill Nygren, portfolio manager at Oakmark Funds, sees as "unsustainably low." "When the markets are really volatile like they have been, that tends to lead to an increase in the distribution of P/E ratios," Nygren said on CNBC's "Squawk on the Street." Nygren said that recession fears are driving down companies' P/E ratios. This number is what you get when you divide a stock's price by the annual earnings per share. Nygren said stocks that are currently selling at lower-than-typical P/E ratios have long-term value for investors who can wait out current pressures on company earnings and share values.
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