Bloomberg Surveillance Bloomberg Surveillance TV: May 30, 2025
5 snips
May 30, 2025 
Neil Dutta, Head of US Economic Research at Renaissance Macro, discusses the market's expectations for interest rate cuts, highlighting potential shifts in economic recovery. Andrew Nocella, Chief Commercial Officer at United Airlines, shares insights on the airline's strategies and the partnership with JetBlue to strengthen New York operations. The conversation delves into CEO confidence trends, revealing a sharp decline while consumer confidence shows resilience. They also explore the economic implications of tariffs and the housing market's impact on broader financial stability.
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Economic Slowdown Amid Tariffs
- The economy is slowing with rising unemployment rates and squeezed corporate margins.
- Companies are absorbing tariffs' costs and facing demand shocks despite adapting to trade conditions.
Housing Market as Economic Indicator
- Housing market weakness is a key economic indicator reflecting tighter financial conditions.
- Declining residential investment and rising inventories suggest future pressure on construction jobs and prices.
CEO Confidence Signals Concern
- CEO confidence has dropped to its lowest since 2022, signaling recession fears.
- Most CEOs expect no workforce changes but are wary of tariff impacts on prices and investments.