Bloomberg Businessweek Tech Giants Lift Stocks as Trump Casts Doubt on New Tariff Pause
Apr 25, 2025
Mike McKee, an economics correspondent, dives into market trends influenced by tech giants as Zach Wasserman shares insights on Huntington Bank's performance amid tariff uncertainties. Wealth reporter Devin Pendleton discusses ultra-rich investment habits, while Adrianne Yamaki offers strategic advice for navigating market fluctuations. The conversation covers consumer sentiment fears, potential fallout from U.S.-China trade relations, and how political uncertainties shape business operations, offering a comprehensive look at today's economic climate.
AI Snips
Chapters
Transcript
Episode notes
Low Consumer Sentiment Signals Risk
- Consumer sentiment is very low, indicating Americans doubt the economy's health.
- This could slow spending, worsening inflation and economic growth amid tariffs.
Tariff Uncertainty Paralyzes Markets
- Trade tariff uncertainty paralyzes global economic planning.
- Businesses struggle to prepare as tariff policies shift unpredictably.
Recession Risk Climbs Sharply
- Recession risk has climbed to around 45% according to economists.
- Business investment is slowing, increasing recession chances if consumer spending weakens.