Bloomberg Surveillance Bloomberg Surveillance TV: May 28, 2025
May 28, 2025
Frank Lee, an analyst at The Hongkong & Shanghai Banking Corporation with a critical view on NVIDIA, discusses the company's upcoming earnings amidst a backdrop of supply chain disruptions and China's export restrictions. French Hill, a Republican Congressman from Arkansas and Chairman of the House Committee on Financial Services, weighs in on legislative challenges, fiscal strategies, and the broader implications of AI on the job market, emphasizing the need for responsible development of technology while addressing economic stability.
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Dollar's Uneasy Dominance
- The dollar remains dominant due to lack of strong alternatives despite US fiscal concerns.
- Eurozone weaknesses and China's capital controls prevent them from challenging the dollar fully.
US Policies vs Dollar Strength
- US macroeconomic policies lack fiscal discipline but still outperform other economies.
- The dollar's recent volatility reflects short-term fluctuations rather than fundamental declines.
Urgent Need for Tariff Clarity
- Clarify tariff policies soon to avoid negative impacts on retail and manufacturing sectors.
- Ensure spending cuts and tax policies align to promote economic growth and reduce uncertainty.