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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel
Today's Podcast Features:
Joanne Hsu, University of Michigan Surveys of Consumers Director, discusses Friday's UMich data.
US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs.
Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management, discusses her outlook for the markets.
Topics of discussion:
-Equities, rates and currencies have round tripped since election day
-S&P 500 down nearly 2% YTD and broke below its 100-day moving average
Brian Platt, Bloomberg Canadian Government Reporter, discusses Mark Carney taking power in Canada.
Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US. The former governor of the Bank of Canada and the Bank of England was officially installed as Canada’s leader at a ceremony in Ottawa on Friday, five days after the Liberal Party members voted overwhelmingly for him to replace Justin Trudeau as head of the party.
Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses Gold breaking through $3,000.
Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.
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