Bloomberg Daybreak: Europe Edition Ken Griffin ‘Very Anxious’, Google May Have To Sell Chrome & Trump's Win Hits European Investors
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Nov 19, 2024 Ken Griffin expresses his anxiety over Trump's potential tariff policies and their effect on U.S. businesses. European Central Bank President Christine Lagarde emphasizes the need for Europe to collaborate on defense and climate amid faltering productivity. Significant legal challenges loom for Google, as antitrust officials push for a sale of its Chrome browser. Meanwhile, geopolitical tensions rise with lengthy prison sentences in Hong Kong for democracy advocates, prompting concerns from the West.
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Financial Leaders' Concerns
- Ken Griffin expresses anxiety over Trump's tariff policies, seeing them as short-term profitable but long-term damaging.
- Morgan Stanley's Ted Pick also voices concerns about the changing economic environment, citing inflation and deglobalization.
G20 Family Photo Symbolism
- The G20 family photo showcased Xi Jinping and Narendra Modi at the front, with Sergei Lavrov standing in for Putin.
- Notably absent were Joe Biden, Giorgia Meloni, and Justin Trudeau, attributed to an organizational mix-up, yet symbolically significant.
Trade Tensions at G20
- The G20 summit faces concerns over trade due to Trump's potential tariff policies, echoing tensions from his first term.
- European leaders are particularly worried about being drawn into trade wars with both the US and China.