CNBC’s “Money Movers” President Trump Welcomes the German Chancellor, Circle CEO on IPO, A Small Sector Poised for a Big Breakout 6/5/25
Jun 5, 2025
Binky Chadha, Chief U.S. Equity and Global Strategist at Deutsche Bank, analyzes current market trends and the potential for growth amid shifting trade dynamics. Doug Ford, Premier of Ontario, shares insights on the evolving trade relationship between Canada and the U.S. Alex Karp, CEO of Palantir, addresses allegations about the company's surveillance practices. Jeremy Allaire, Co-founder of Circle, discusses the company's successful IPO and the future of stablecoins, emphasizing the transformative impact of financial innovation.
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Market Resilience Amid Tariffs
- The market still has room to rally despite recent gains and tariff concerns.
- Tariffs' impact has eased from 15% to about 5%, seen as a manageable variation.
China Frames Trade Talks as Win
- China's readout frames its discussion with President Trump as a diplomatic win.
- They emphasize sensitive handling of Taiwan and delay in rare earth export approvals.
Trade Isn't a Zero-Sum Game
- Trade discussions should focus on mutual benefits, not zero-sum games.
- Market reaction drove early tariff relents more than underlying economic pain.