Maggie Lake Talking Markets Episode 48: China Tariff Rollbacks Incoming? With Peter Boockvar.
7 snips
May 5, 2025 Peter Boockvar, CIO of Bleakley Financial Group and author of the Boock Report, joins the discussion with insights on the potential upcoming reduction in tariffs on China. He explores how this could influence international stock performance and discusses the Fed's looming interest rate decisions. Boockvar also delves into concerns about inflation, bond yields nearing 5%, and emerging investment opportunities, particularly in precious metals and agriculture amidst the backdrop of fluctuating global trade relations.
AI Snips
Chapters
Transcript
Episode notes
Fed Cautious Amid Tariff Uncertainty
- Jay Powell faces uncertainty in the Fed meeting due to unclear future tariffs on China.
- He likely will be noncommittal, waiting for clarity before adjusting interest rates.
Labor Market Slows, Hiring Pauses
- Hiring pace is slowing though total payroll data may be overstated by the birth death model.
- Businesses hesitate firing now but are pausing hiring amid tariff uncertainty.
Business Alarm on Tariff Impact
- Flexport CEO likened the tariff impact to an extinction-level event for US businesses needing rapid supply chain shifts.
- He urges urgent tariff reductions before June 1 to avoid crippling holiday order disruptions.