Valuetainment - May 02, 2025


＂Who The Hell Talks Like That？＂ – Adidas CEO's PATHETIC Tariff Warning Gets TORCHED


Episode Stats

Length

7 minutes

Words per Minute

197.29015

Word Count

1,393

Sentence Count

120

Misogynist Sentences

2

Hate Speech Sentences

2


Summary

Adidas warns tariffs will mean higher trainer prices. CEO says the company is looking for other outlets to produce its products in the United States. Also, the company notes that the global trade dispute is preventing it from raising its full-year outlook despite a first quarter profit increase.


Transcript

00:00:00.260 Adidas warns tariffs will mean higher trainer prices.
00:00:04.400 That's what the CEO of Adidas is saying.
00:00:06.420 He's warning, saying, look, you guys can increase this.
00:00:08.920 Shoe prices are going to go up.
00:00:10.060 Since we currently cannot produce almost any of our products in the U.S.,
00:00:13.860 these higher tariffs will eventually cause higher costs for our products for the U.S. markets.
00:00:18.700 Okay, that's what the CEO says.
00:00:19.840 Do you have that clip, Rob?
00:00:20.840 Yeah, this is CNBC reporting on the increase.
00:00:24.020 Play it. I don't mind it. Play it.
00:00:24.940 Go ahead and play this clip, and I don't want to go to the—
00:00:26.640 Sportswear giant Adidas now saying the tariffs would result in price hikes for all of its U.S. products.
00:00:31.640 The company said it did not yet know by how much those prices would get boosted,
00:00:36.000 also noting that the global trade dispute was preventing it from raising its full-year outlook
00:00:40.620 despite a first-quarter profit increase.
00:00:43.820 Now, the company pointing out that it's somewhat exposed to tariffs on China,
00:00:47.140 currently a rate of 145 percent.
00:00:49.580 However, the biggest impact was coming from—
00:00:51.120 Can I ask you a question, Adidas?
00:00:51.780 Can I ask you a question, Adidas?
00:00:53.480 Why would you say that?
00:00:55.460 Why would you say that?
00:00:57.340 Why would you not, behind closed doors, already have a plan 2, 3, 4, 5?
00:01:03.480 Why are you not—
00:01:04.440 Why not release a message, Adidas CEO, and say something like this?
00:01:08.820 Look, business is business.
00:01:11.660 If we're producing many of our shoes from there, it's costing us this.
00:01:16.040 But we are right now being proactive about it and looking at a couple different places,
00:01:19.740 such as boom, boom, boom, boom, boom.
00:01:21.800 That's what we're looking at.
00:01:22.840 And our finance team and our marketing team, we're looking at these places.
00:01:26.220 We're optimistic about long terms.
00:01:27.920 Why can't you give a message like that?
00:01:29.500 You know when you give a message like that, Adidas CEO, you know what you're saying?
00:01:32.960 You're afraid of China more than you're afraid of U.S.
00:01:35.440 That's what that message means to a guy like me.
00:01:37.760 That's what that message means to me, that you're afraid, that you need China, that you're putting China over America.
00:01:43.640 Listen, we, a lot of stuff that we do, we also get from China.
00:01:47.300 We get from El Salvador.
00:01:48.200 We get from U.S.
00:01:48.760 Just like anybody else that's competing, we do as well.
00:01:52.340 But for us, if something happens, we're automatically looking at other places.
00:01:56.140 Can you imagine if a business owner straight up is saying, well, the reason why this is happening,
00:02:00.480 like LeBron's interview yesterday when they lost.
00:02:02.820 Hey, you guys are struggling with the center.
00:02:05.300 Well, the last guy, Anthony Davis, when he said this, he got traded.
00:02:07.880 I don't want to say anything.
00:02:09.160 Stop it.
00:02:10.360 Put some confidence on the team.
00:02:12.460 They just brought Luka over, one of the greatest trades of all time.
00:02:15.780 Yeah, you've got to put defense around him.
00:02:17.120 You don't talk like that, for Adidas CEO to talk like that as a weak link to say, well, this is going to affect this.
00:02:23.240 Do something about it.
00:02:24.180 You're the damn CEO.
00:02:25.760 Go find a second and a third option.
00:02:27.740 Who the hell talks like that to say we don't have another option?
00:02:31.500 So prices are going to go up.
00:02:32.700 Of course it's an evident thing.
00:02:34.680 Everyone already knows this.
00:02:36.320 Tell me you're being proactive about it.
00:02:38.080 Tell me you're looking at other options.
00:02:40.040 Tell me you're talking to other people.
00:02:41.620 Inject some hope in your brand.
00:02:43.580 Do you forget in the movie Air what happened when Converse was massive and they had Magic Bird and Julius Irving?
00:02:50.800 Like this, they disappeared.
00:02:52.080 Do you forget that, Adidas?
00:02:54.020 Do you forget your history?
00:02:55.640 Do you forget what happened when Nike came and took everybody's lunch?
00:02:59.860 Do you forget?
00:03:00.880 Be proactive.
00:03:02.040 Stop saying the prices are going to go up.
00:03:03.680 We know they're going to go up.
00:03:05.380 Tell us a positive news on what's happening.
00:03:07.660 So this lemon campaign that we launched on Thursday with the box, okay, that was launched that all of you guys, you know, many of you saw.
00:03:14.860 Those of you that didn't, this box that's being shipped to people who are going through a lot of different things today to make their day.
00:03:20.960 When life gives you lemons, make lemonade with a lemon hat in it and a presentation with a video of me speaking to them, giving them a message here.
00:03:28.800 I'm going to press pause here.
00:03:29.940 There was so many accountants.
00:03:33.700 One accountant sent it to 11 clients, lawyers, realtors, insurance folks using it.
00:03:39.200 But then we had a chance to read the note of what some people were writing to their clients.
00:03:44.380 I'm not going to give the names.
00:03:45.520 I just want to read the notes to you.
00:03:46.760 It was so, our staff is, when I'm reading this, our marketing team, they're in tears.
00:03:51.620 Literally, when I'm reading this to them, I'm not going to say the name, okay?
00:03:55.500 They put the name there.
00:03:57.340 It then says, sending you some love to help lift your heart up today and wanted to say, again, how sorry I am with Susan's passing.
00:04:05.120 I hope this cheers you up, your spirits, just for a moment.
00:04:08.860 I love you, sister.
00:04:10.040 And always remember to move forward.
00:04:12.000 Flowers don't happen without rain.
00:04:13.740 Love you always.
00:04:14.980 The name is in there.
00:04:16.340 Are you kidding me?
00:04:17.680 Okay?
00:04:18.120 Then it goes here.
00:04:19.120 Me and you forever together.
00:04:20.980 Put your goals always in front of you.
00:04:22.860 Surround yourself with one quality, with people you become, who you're with.
00:04:27.040 Thank you for your friendship.
00:04:28.160 Here's another one.
00:04:28.780 Love you, brother.
00:04:29.800 Hope you like this.
00:04:30.720 Greatest podcast ever.
00:04:32.080 You not only being a father, a husband, and a brother, you are also a policeman.
00:04:37.140 You have so much you deal with on a day-to-day basis, but you still show up for your family.
00:04:41.880 I not only love you, I respect you.
00:04:44.320 I'm telling you, the more I was reading these notes, the more emotional we were getting ourselves.
00:04:49.080 I love the fact that the Valuetainment audience is taking time to order something, to ship to somebody else, to make their day.
00:04:59.060 How awesome is this, that we're doing this?
00:05:01.420 So for all of you guys that placed your order, I love the fact that you're doing this.
00:05:05.540 We're wired the same exact way.
00:05:07.340 You can pick and choose the hats, whether it's the white one, the black one, or the green one when you're sending out to them.
00:05:12.060 There's still a few left if you haven't done it yet on the Lemon Campaign, especially with everything that people are going on right now.
00:05:17.080 Go to vtmerch.com, place your order.
00:05:19.200 And then also, for the mothers out there, you asked for it, we wanted to do it.
00:05:23.980 We know this audience is 80% men, but 20% women.
00:05:27.780 It used to be 90%.
00:05:28.880 The female audience is growing in a major way.
00:05:30.680 Rob, if you want to play the clip, Mother's Day is around the corner next week.
00:05:33.740 And we got a bunch of VT Mom gear, stuff that's out there.
00:05:38.680 You know, Mama, today I love you.
00:05:40.700 VT Mom, future looks bright.
00:05:42.840 Here's one that I like a lot that's also on the site.
00:05:45.160 VT Mama, this is another one that we have.
00:05:49.880 Value Tame and Mama that we got out there.
00:05:52.920 It's awesome.
00:05:53.800 So, you know, we wanted to make sure that men, ladies typically do the shopping for us.
00:05:58.860 We're not good at this stuff.
00:06:00.380 Go place an order for mothers out there that are doing the right thing.
00:06:04.900 They're going out of their way, and you're seeing how hard they're working.
00:06:07.660 Every order you place, they're going to get a VT Mom keychain.
00:06:10.960 And then if you place an order above $100, it's the VT Mom keychain plus this mug that says VT Mom,
00:06:17.140 and it explains a sophisticated achiever that is always there for you no matter what.
00:06:21.880 Moms, love you.
00:06:23.880 Place an order for the mothers out there that watch PBD Podcast and Valuetainment.
00:06:28.220 If you enjoyed this video, you want to watch more videos like this, click here.
00:06:30.880 And if you want to watch the entire podcast, click here.
00:06:33.660 And if you want to watch more videos like this, click here.