Stocks Seek Cautious Recovery as Tariff Uncertainty Lingers
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 February 2026
⏱️ 39 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyTuesday, February 24th, 2026
Featuring:
1) Douglas Irwin, Professor of Economics at Dartmouth College, examines the implications of the Supreme Court's ruling on IEEPA tariffs.
2) Cameron Dawson, Chief Investment Officer at NewEdge Wealth, on the S&P 500's "duck market".
3) Nathan Dean, Senior US Policy Analyst for Bloomberg Intelligence, previews tonight's State of the Union address.
4) Nadia Schadlow, Senior Fellow at Hudson Institute & Former Deputy National Security Advisor for Strategy, analyzes the clash between globalism and nation states.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | Donald Trump is rewriting the Washington rulebook and reshaping the global economy. |
| 0:06.9 | If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. |
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| 0:28.4 | you listen. Audio Studios. Podcasts Radio News. |
| 0:56.7 | This is the Bloomberg Surveillance Podcasts. 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. I will not mince words. This is a required read for anybody inside the Beltway this morning. |
| 1:02.8 | It is a book from a time ago. Paul, you walked around because you were cool. Because Douglas |
| 1:08.5 | Sirwin had a book with a sailboat on the cover. It was a light blue book. It was against the tide. |
| 1:12.6 | And it was absolutely definitive. I read every word of it and we're thrilled that Professor Irwin could join us from Dartmouth today. |
| 1:19.6 | Let me just get out of the way. Doug Irwin, a cup of coffee with a president this morning as he prepares a State of the Union. |
| 1:25.6 | What would be your counsel to President |
| 1:28.5 | Trump? |
| 1:29.5 | I don't think you'd want to hear anything I'd have to say. |
| 1:32.8 | I'd say the Supreme Court gave him a favor by trying to put these tariffs on pause. |
| 1:38.1 | But of course, the President has just reimposed the similar tariffs using different authority. |
| 1:43.1 | So it had a very important decision. It was a very |
| 1:45.8 | historic one, but just shunted the president using different statutory authorities to levy |
| 1:50.4 | tariffs. And he's going to move forward with them. Will we see a legal battle of these new tariffs? |
| 1:56.5 | Claudia Somm, it's away from her remit, which is monetary economics. But Professor Irwin, do you just |
| 2:02.7 | assume further legal battles about 10% or 15%, 120, whatever, 2.30 this? Yeah, a lot of numbers |
| 2:12.3 | are being thrown around in terms of the statutes. Yeah, so the new tariffs, which are 10%, he's promised 15%, but they haven't issued the executive |
... |
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