Unlike Delta Air Lines CEO Ed Bastian, who warned the tariff war is hurting bookings, Capuano is not seeing a significant impact at the world’s largest hospitality company. He notes that global travel demand is strong and most properties are locally owned.

Wedbush analyst Dan Ives says Elon Musk’s association with President Trump and his tariffs will turn off potential Tesla buyers in China, the company’s second-largest market. Ives writes that Musk’s embrace of right-wing politics is destroying demand for his electric vehicles in the U.S. and Europe, too.

At least 10 lawmakers traded Tesla stock after Musk aligned with Trump—underscoring renewed concerns about members of Congress trading individual stocks.