Markets React to New Tariff Deadline
Bloomberg Surveillance
Bloomberg
4 • 1.1K Ratings
🗓️ 9 July 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 9th, 2025
Featuring:
1) Nancy Lazar, Chief Global Strategist at Piper Sandler, joins to talk about the lack of job growth in the private sector and whether we could see an economic boom from a tax cut-tariff policy. Investors will parse minutes of the Federal Reserve’s June policy meeting for indications on whether officials are closer to lowering interest rates, with swaps almost fully pricing two quarter-point cuts until the end of the year.
2) Ian Lyngen, Head of US Rates at BMO Capital Markets, talks about the impact of the reflationary narrative on Treasuries. Treasuries are holding their ground following the longest streak of declines since April as investors look ahead to a US debt auction and the minutes from last month’s Federal Reserve meeting.
3) Doug Irwin, Professor of Economics at Dartmouth, joins to discuss the latest developments on President Trump's unfolding tariff strategy. President Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark. The plan, announced in an apparently off-the-cuff comment to reporters, marks the latest twist in a tumultuous period for industrial commodities, as the US leader aims to encourage more mining and smelting at home.
4) Leslie Vinjamuri, President and CEO of the Chicago Council on Global Affairs, joins in her new role to discuss the political and economic priorities of the Trump administration, as well as the admin's global intervention in Iran and Ukraine.
5) Oleksandr Komarov, CEO at Kyivstar, joins to discuss his company's role in Ukraine's recovery and construction as the US recommits to sending weapons amid continued Russian attacks. Russia launched a record number of drones and missiles at Ukraine on Wednesday after US President Trump reiterated his displeasure with Vladimir Putin and confirmed he’s sending more defensive weapons to Kyiv.
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Transcript
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| 0:00.0 | The data that matters for your investments. |
| 0:02.7 | Shares the banks across the border gaining and analysis on the companies making news on Wall Street. |
| 0:08.1 | Invidia, once again, the top dog. |
| 0:10.1 | Tesla's really taking a hit this morning. |
| 0:11.9 | Listen to the Stock Movers report from Bloomberg. |
| 0:14.8 | Wind and solar stocks on the move. |
| 0:17.1 | It's your short audio report on the day's winners and losers in the stock market. |
| 0:21.4 | The biggest one-day decline since 2010. |
| 0:24.2 | Subscribe to the Stock Movers report on Apple Podcasts, Spotify, or wherever you listen. |
| 0:32.3 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:37.2 | Music Audio Studios. Podcasts, Radio News. |
| 0:44.8 | This is the Bloomberg Surveillance Podcast. |
| 0:51.1 | Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto with the Bloomberg business app. Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 0:57.2 | Paul and I can't remember a guest a half hour ago. |
| 1:01.1 | To remember a guest two days ago is unthinkable. |
| 1:04.6 | It's a blur what we do. |
| 1:06.0 | We have a great team, including Sy Benson, who keep us going forward. |
| 1:10.1 | I remember exactly Paul what Nancy |
| 1:13.5 | Lazar said 90 days ago or 100 days ago. Folks, this was the single most important piece |
| 1:20.9 | of American wisdom from Nancy Lazare, and she joins us again here this morning with too short a visit. She's with Piper Sandler. |
| 1:30.4 | You said it's a baloney reality for America. We're investing in government and all these |
| 1:37.4 | derivative jobs and we're not investing in the private sector to create a backbone of job |
... |
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