Key Jobs Reading and Tariff Rates Unveiled

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.8 • 1.2K Ratings

🗓️ 1 August 2025

⏱️ 58 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 SweeneyJuly 30th, 2025
Featuring:
1) Claudia Sahm, Chief Economist at New Century Advisors, Michael Darda, Chief Economist at Roth Capital, and Kristina Campmany, Senior Portfolio Manager at Invesco, react to the July jobs report.
2) Ernie Tedeschi, Director of Economics at the Yale Budget Lab, offers his latest analysis of US tariffs. The average US tariff will rise to 15.2% if rates are implemented as announced, according to Bloomberg Economics, up from 13.3% earlier — and significantly higher than the 2.3% in 2024 before Trump took office.
3) Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, wraps Amazon and Apple earnings. Amazon dropped in premarket trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, while Apple gained after a beat.
4) Sebastien Page, CIO and Head of Global Multi-Asset at T. Rowe Price, joins to discuss staying in the market and asset allocation. Global stocks extended a selloff in early trading as President Trump’s sweeping import tariffs fueled concerns about the outlook for economic growth.
5) Anna Wong, Chief US Economist at Bloomberg Economics, brings us into the market open and discusses her outlook for labor and the impact of US tariffs.

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Transcript

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0:00.0	Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg.
0:08.6	These are short audio reports, five minutes or less, delivered right to your podcast feed throughout the day.
0:15.2	Stockmovers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's
0:21.0	driving those gains and losses. If you want to stay plugged into the stock market, but don't
0:25.9	want to spend all day watching tickers scroll across your screen, then Stock Movers is a place for you
0:32.0	to get informed. Listen a couple times throughout the day to find out what's moving equities and why.
0:39.0	Search for stock movers on Apple Podcasts, Spotify, or anywhere else you listen.
0:44.4	Get the latest stock news and data backed by reporting from Bloomberg's 3,000 journalists and analysts across the globe.
0:53.0	Subscribe to Stockmovers, wherever you get your podcasts.
1:02.0	Bloomberg Audio Studios, Podcasts Radio News.
1:17.5	This is the Bloomberg Surve podcast catch us live weekdays at 7 a.m. Eastern on Apple CarPlay or Android Auto with the Bloomberg business app listen on
1:22.8	demand wherever you get your podcasts or watch us live on YouTube. We are advantaged with us, Claudia Somm.
1:30.7	We're thrilled that she could join us here on each and every jobs.
1:34.7	A chief economist at New Century Advisers.
1:37.5	Claudia, I guess a question to let you discuss, maybe it's not an NBER recession,
1:46.5	but if I've got a ginormous negative revision
1:51.1	in an under 100,000 this month jobs report,
1:55.6	what portion of America is now in recession?
2:00.0	Right, so we need, we need be really careful with these payroll numbers in that, you know, it's telling
2:06.0	us something about labor demand is slowing, right?
2:09.6	And that piece, that contraction, that what it's a recession, that's about demand falling
2:14.1	short.
	...

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