Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shapi...
China Beige Book International Chief Operating Officer Shehzad Qazi examines President Donald Trump's latest salvos in the US-China trade war and discusses the odds of an economic decoupling between the two superpowers. See omnystudio.com/listener for privacy information.
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7:05
A "Rip Your Face Off Rally"
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump’s pledge to pause tariffs on some trading partners ignited the biggest burst of buying Wall Street has seen since 2008. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose.Treasuries staged a tentative return to normalcy as investors dumped havens on fear of missing out on the great risk rebound. Two-year US yields briefly spiked past 4% as traders pared expectations for Federal Reserve rate cuts this year.Today's show features: Vincent Cignarella, Bloomberg Markets Live Macro Strategist Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management Danielle DiMartino Booth, CEO & Chief Strategist at QI Research See omnystudio.com/listener for privacy information.
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35:03
Trump Tariffs Upend the Investing Class
ICYMI: Bloomberg News finance reporter Max Abelson explains how the Trump administration's economic policies, particularly when it come to tariffs, are causing global financiers to brace for soured loans, canceled deals, and job losses.See omnystudio.com/listener for privacy information.
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8:46
Late Day Stock Drop; Auto Industry On Edge From Trump Tariffs
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.The S&P 500 fell 1.6% in a fourth straight session that has seen moves of at least 4% from peak to trough. The index powered higher by as much as 4% in early trading on optimism that President Donald Trump would negotiate lower rates on key allies. Meanwhile President Trump’s tariffs are rattling US consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for businesses that are rushing to figure out how to respond to the upheaval caused by Trump’s global trade war. Today's show features: Vincent Cignarella, Bloomberg Markets Live Macro Strategy Wendy Schiller, professor of political science at Brown University Swamy Kotagiri, Magna International Chief Executive Officer See omnystudio.com/listener for privacy information.
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40:34
ICYMI: More Trump Market Volatility
ICYMI: Trillium economist and portfolio manager Cheryl Smith joins to discuss her outlook on Trump's trade war and how long she sees volatility affecting markets. See omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.