Traders Look to Earnings as Trade Uncertainty Continues

Bloomberg Surveillance

Bloomberg

News, Business News, Business

4 • 1.1K Ratings

🗓️ 28 April 2025

⏱️ 42 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 28th, 2025
Featuring:
1) Robert Kaplan, Vice Chairman at Goldman Sachs and former Dallas Fed president, joins for a discussion about structural changes in the US economy, the incoming Fed decision and jobs day, and Fed independence. Sources say Federal Reserve Chair Jay Powell recently delivered an impassioned defense of central bank independence when he addressed policymakers and finance ministers during a meeting at the International Monetary Fund, which reportedly drew applause.
2) Stephanie Roth, Chief Economist at Wolfe Research, talks about Wolfe's lower-than-consensus NFP call for this week and her expectations for China tariffs. In addition to eco data and trade deals, key company reports this week will be scrutinized for the earnings impact of US trade policies, and fresh readings on the American economy may support hopes of earlier-than-expected Federal Reserve interest-rate cuts.
3) Henrietta Treyz, co-founder at Veda Partners, joins for a discussion on how Trump's recent poor polling could make his priorities harder to implement, and why Republicans passing their signature tax bill isn't a given. Voter discontent with President Trump's economic stewardship is sinking his popularity as he approaches the 100-day mark of his second term. Republicans aim to pass Trump's tax plan through a process that wouldn't require Democratic votes, but voter angst and the threat of a recession in the next year could make it challenging for Trump to get everything he wants.
4) Joe Lavorgna, Chief Economist at SMBC Nikko Securities, brings us into the market open and talks about President Trump's tariff policy and whether he believes trade negotiations are on the right track. Investors are watching for signs of progress in US trade negotiations, with the Trump administration working on bilateral trade deals with 17 key partners and drafting a framework to handle negotiations with about 18 countries.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a story from the Wall Street Journal on athletes using Ozempic and Business Insider reporting on chick sales amid rising egg prices.

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0:58.7	Learn more at Bloomberg Live.com slash TechSF, presenting sponsor InvescoQQQQ.
1:08.0	Bloomberg Audio Studios, 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
1:29.7	your podcasts or watch us live on YouTube. We always like to start the day and start the week with
1:36.2	someone with broad perspective. Right now joining us is Robert Kaplan. We're thrilled that he
1:41.8	could join us today, forever associated with his
1:44.6	Goldman Sachs, but his public service noted to the nation is the president of the Federal Reserve
1:50.3	Bank of Dallas and just a really broad view of where we are. Thrilled, Robert, that you would
1:57.6	begin our Monday with us. Where are we right now?
2:01.6	In a broad sense, can our institutions survive this onslaught of uncertainty?
2:10.6	They can survive, but we've got a number of weeks more to go to get through this fog.
	...

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