Bloomberg Surveillance

Bloomberg Surveillance TV: April 25, 2025

Apr 25, 2025

Adewale Adeyemo, former Deputy Secretary at the US Treasury, discusses market fluctuations and potential Treasury interventions to bolster the economy. Jason Thomas from Carlyle Group shares insights on the US equity market amidst ongoing trade negotiations. Adena Friedman, CEO of Nasdaq, provides an overview of recent earnings and the IPO landscape, emphasizing the cautious approach of investors in volatile times. The conversation highlights the complexities of US-China relations and the implications for future economic strategies.

30:08

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Episode guests

Adena Friedman

Jason Thomas

Adewale Adeyemo

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Episode notes

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Quick takeaways

Experts warn that a projected U.S. deficit approaching 10% of GDP could raise risk premiums on government debt amid economic uncertainty.

Negotiations with China require U.S. clarity and unity among allies to effectively address challenges from China's industrial capacity and geopolitical maneuvers.

Deep dives

Global Economic Growth Trends

Economic forecasts indicate a significant softening in global growth, with projections dropping to 2.1% this year from nearly 3% the previous year. Financial experts emphasize that this downturn is expected to have structural implications, particularly as the U.S. transitions away from long-standing economic norms. The discussions among finance ministers and central bankers reflect a growing concern about the sustainability of the U.S. dollar as the world’s reserve currency in the face of new fiscal challenges. As the economic landscape shifts, the viability of the dollar remains in question, prompting concerns over the risk premiums associated with U.S. assets.

Intro

2min

Global Economic Outlook and Financial Tensions

5min

Navigating Market Pain and Wealth Management Solutions

2min

Navigating the Complexities of U.S.-China Negotiations

15min

Navigating Bond Market Dynamics

5min

Navigating IPOs in Volatile Markets

4min

Understanding Market Volatility and Investor Reactions

2min

- Jason Thomas, Head: Global Research & Investment Strategy at the Carlyle Group
- Adewale Adeyemo, Former Deputy Secretary at the US Treasury Department
- Adena Friedman, Chair and CEO of Nasdaq Inc.
- Nathan Sheets, Managing Director: Citi Research

We are broadcasting from Washington as the IMF Spring Meetings come to a close. Jason Thomas, Head: Global Research & Investment Strategy at the Carlyle Group, joins for a discussion on the outlook for the US equity market as trade negotiations continue. Adewale Adeyemo, Former Deputy Secretary at the US Treasury Department, discusses recent market gyrations and what the Treasury is capable of doing to help support the economy. Adena Friedman, Chair and CEO of Nasdaq, talks about recent earnings and the IPO outlook. Nathan Sheets, Managing Director: Citi Research, offers his market outlook for 2025.

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