Tariff Clarity Ahead of Earnings

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 10 July 2025

⏱️ 51 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 10th, 2025
Featuring:
1) NYC Mayor Eric Adams talks about his candidacy for re-election, the state of NYC and his former Democratic party, and working with President Trump amid federal funding fears. President Trump has been warning against the prospect of Zohran Mamdani winning the New York mayor’s race. Trump said New Yorkers should not vote for Mamdani in November, calling him a “communist,” and went so far as vaguely suggesting interest in exerting some federal influence on the city.
2) Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, joins to talk about whether the "unstoppable" stock tear could come to a halt due to the latest tariff rates. Equity futures dipped amid uncertainty over the Trump administration’s trade policies as traders awaited a fresh catalyst for the next leg up in US stocks.
3) Andrew Sheets, Chief Cross Asset Strategist at Morgan Stanley, discusses his mid year global economic outlook and why, no matter the trade, all eyes will remain on US activity. Tariff headlines focused on country specific levies and copper have so far done little to derail a rebound that pushed US stocks to record highs.
4) Dominique Toublan, Head: US Credit Strategy at Barclays, talks about credit spreads and headwinds in fixed income markets. US Treasuries resumed their decline after Wednesday’s rebound, with the 10-year yield rising one basis point to 4.35%.
5) David Sowerby, Managing Director and Portfolio Manager at Ancora, joins in studio to discuss asset allocation, stock picks, and the market rally. Signs of continued economic strength, confidence in the upcoming earnings season and optimism for artificial intelligence have given traders the conviction to drive equities higher, even as doubts over trade policy persist.

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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.
0:48.8	This is the Bloomberg Surveillance Podcast. Catch us live weekdays at 7 a.m. Eastern on Apple,
0:56.9	car play or Android Auto with the Bloomberg business app. Listen on demand wherever you get your podcasts or watch us live on YouTube.
1:00.3	Joining us now, he is the mayor of New York City.
1:05.0	We have a two-hour conversation to squeeze into a polite 20 minutes.
1:07.9	And there are many, many topics to talk of. I want to talk of the immediate news.
1:10.7	My father came home to College Point,
1:12.5	Long Island, and the distance was LaGuardia. What a celebration for New York, the rebuilding
1:17.6	of LaGuardia. Halfway there is Bayside High School, where you used to darken the door,
1:24.0	and let's not mince words. It was a challenge, Mayor Adams, a few years ago. I want you
1:28.8	to speak right now to the teachers of Bayside High School who went with the other guy yesterday
1:35.4	in their union endorsement. Well, when you look at what we were able to accomplish here
	...

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