Markets Welcome Tariff Negotiations amid Uncertainty

Bloomberg Surveillance

Bloomberg

News, Business News, Business

4 • 1.1K Ratings

🗓️ 25 April 2025

⏱️ 50 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 SweeneyApril 25th, 2025
Featuring:
1) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, joins for an extended discussion on the bond market, the Fed, and outlook for markets. The dollar strengthened in early trading, while the yen and Swiss franc retreated, as investor demand for non-US haven assets waned amid signs of progress in the White House's engagement with major trading partners.
2) Tim Adams, CEO for the Institute of International Finance, joins for an extended discussion on his talks with US Treasury Secretary Scott Bessent this week and conversations from the IMF. Bessent called for a course correction for the International Monetary Fund and World Bank, saying they serve "critical roles" and the Trump administration is willing to work with them.
3) Meghan Graper, Global Head: Debt Capital Markets at Barclays Capital, talks about the bright side of so much uncertainty: investment grade credit. Currently, markets favor a quarter-point cut in June and a total of three such reductions by year-end, with some experts predicting slow and bumpy progress in US-China relations but possible net positive newsflow via trade deal announcements.
4) Leslie Palti-Guzman, founder at Energy Vista, talks about the liquid natural gas (LNG) being used as a key strategic favor and retaliation in tariff and trade negotiations.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ Story on why baby strollers are getting hit the hardest by China tariffs and the New York Times report on ChatGPT costs.

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Transcript

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0:00.0	Financial professionals, Mass Mutual, is more than just insurance.
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0:23.8	team of experts. It's a feeling you won't find just anywhere. The feeling is Mass Mutual. Learn more
0:31.9	at MassMutual.com slash wealth management. Is this a negotiation or the new rules at a game?
0:38.2	It could be either.
0:39.2	It is up to the president how he wants to negotiate.
0:42.2	A deal is going to be made with China.
0:43.8	Nothing's over yet.
0:44.8	There's been a lot of confusion up to now.
0:46.6	A 90-day pause is not an eradication.
0:49.3	Where is this leading to?
0:50.5	Trust Bloomberg Television for all the context and clarity you need as the tariff and global
0:55.5	economy story evolves.
0:57.0	This year's bear case very quickly become in the base case.
1:00.2	Nobody covers tariffs like Bloomberg Television.
1:03.5	Context changes everything.
1:08.2	Bloomberg Audio Studios.
1:10.4	Podcasts, Radio, news.
1:17.7	This is the Bloomberg Surveillance Podcast.
1:21.0	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.
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