Uncertainty Weighs on Markets as Trump Looks to Dismantle the Education Department
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 21 March 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 21st, 2025
Featuring:
1) Karen Manna, Investment Director, Fixed Income at Federated Hermes, on market headline risks versus what's actually driving trading activity. Global stocks fell due to downbeat corporate earnings and concerns over a potential US trade war.
2) Rema Serafi, Vice Chair - Tax at KPMG, on the "Tax Trifecta" and the upcoming GOP tax legislation. Earlier this year, President Trump outlined his tax priorities in a meeting with Republican lawmakers, including ending the carried interest tax break and expanding the state and local tax deduction. Republicans are aiming to pass a sweeping tax bill this year, which would include renewing Trump's 2017 tax cut law and implementing new tax cuts, with details of a deal expected to be announced as soon as Friday.
3) Alisa Rusanoff, CEO at Stealth Startup and Head of Credit at Crescendo Asset Management, talks supply chain and trade gaps amid growing threats of tariffs. Investors are facing an uncertain outlook for the global economy, with President Trump planning to impose tariffs on April 2.
4) Jennifer Lawless, professor at University of Virginia, discusses the latest DC headlines, including reports on Elon Musk accessing China war secrets and the president looking to dismantle the Department of Education. President Trump signed an executive order to largely dismantle the Education Department, directing Education Secretary Linda McMahon to "take all necessary steps to facilitate the closure" of the department.
5) Cathy Hepworth, Portfolio Manager at PGIM Fixed Income, brings us into the market open and discusses emerging market opportunities amid uncertainty around US economic policy. While the Federal Reserve indicated this week it sees room to cut interest rates, many economists fret the inflationary impact of tariffs will hinder central banks from delivering support to slowing economies.
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| 0:45.5 | slash disclosures. Hey everybody, I'm Kai Rizdal, the host of Marketplace, your daily download |
| 0:52.2 | on the economy. Money influences so much of what we do and how we live. |
| 0:57.2 | That's why it's essential to understand how this economy works. |
| 1:01.2 | At Marketplace, we break down everything from inflation and student loans to the future of AI |
| 1:06.1 | so that you can understand what it all means for you. |
| 1:09.5 | Marketplace is your secret weapon for understanding this economy. |
| 1:12.7 | Listen, wherever you get your podcasts. |
| 1:18.9 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 1:28.8 | This is the Bloomberg Surveillance Podcast. |
| 1:32.0 | Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto with the Bloomberg |
| 1:37.6 | business app. Listen on demand wherever you get your podcasts or watch us live on YouTube. |
| 1:43.7 | Where are we going with some of these trade policy issues? |
| 1:45.6 | It's certainly been an issue for investors, financial markets, broadly defined, including |
| 1:50.3 | fixing our markets. |
| 1:51.2 | Let's talk about that now. |
... |
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