Court Blocks Trump Global Tariffs as Nvidia Lift Markets

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 29 May 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMay 29th, 2025
Featuring:
1) Anastasia Amoroso, Chief Investment Strategist at iCapital, joins to talk about a resilient US economy and momentum in markets in spite of Washington uncertainty. After a US court blocked the bulk of President Donald Trump's import tariffs, it led to widespread gains in risk assets and lifted investor sentiment.
2) Dan Ives, Global Head: Technology at Wedbush Securities, reacts to Nvidia earnings and discusses the outlook for the company and Big Tech. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.
3) Andrew Gilbert, Partner at ECP, joins to discuss demand for AI data centers and the immense growth opportunity following another Nvidia earnings. Nvidia's CEO Jensen Huang is concerned about US trade restrictions on China hindering the company's long-term growth, and is appealing to the Trump administration to allow chip production for China again.
4) Wendy Schiller, professor at Brown University, discusses the latest DC headlines and how a US court blocking President Trump's tariff policy could affect his presidency and potentially his legacy. A US court has blocked many of President Trump's tariffs on imports from dozens of countries, declaring them illegal and throwing his tariff strategy into turmoil.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Paramount's relationship with the White House and Bloomberg's story on how AI is impacting hiring at Salesforce.

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Transcript

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0:00.0	This is an IHeart podcast.
0:04.4	Trading Eschwab is now powered by Ameritrade.
0:07.2	Unlocking the power of Think or Swim, the award-winning trading platforms loaded with features
0:11.8	that let you dive deeper into the market.
0:13.9	Visualize your trades in a new light on Think or Swim desktop with robust charting and
0:18.1	analysis tools, all while you uncover new opportunities with up-to-the-minute
0:22.0	market news and insights. Binker Swim is available on desktop, web, and mobile to meet you where you are.
0:28.1	It's built by the trading obsessed to help you trade brilliantly. Learn more at Schwab.com slash trading.
0:34.7	The data that matters for your investments. The entire auto sector is higher today.
0:39.8	And analysis on the companies making news on Wall Street. Tesla's been a stock that's been in focus.
0:44.4	Shears have really been all over the map this morning. Listen to the Stock Movers report from Bloomberg.
0:49.5	Let's talk about some other decliner. It's your short audio report on the day's winners and losers in the stock market.
0:56.0	Second biggest driver in terms of points for the S&P 500.
0:59.1	Subscribe to the Stock Movers Report on Apple Podcasts, Spotify, or wherever you listen.
1:06.9	Bloomberg Audio Studios, Podcasts Radio News.
1:16.5	This is the Bloomberg Surveillance Podcast.
1:20.0	Catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app.
1:27.0	Listen on demand wherever you get your podcasts or watch us live on YouTube.
1:32.0	No one better than Anastasia Amaroso, Chief Investment Strategist at ICAP, who was trumpeting large cap growth, participate when it was a very lonely call. Let's recapitulate right now. I'm hearing people
1:47.3	come over to the Amorosa side. Is it still large-cap growth in tech? Look, I think so. I think back
1:54.2	in March, we were talking about the sell-off being temporary. And of course, you know, we're now in
1:59.6	late May and here we are, the S&P is up.
	...

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