Bloomberg Surveillance

Bloomberg Surveillance TV: April 30, 2025

Apr 30, 2025

Max Kettner, Chief Multi-Asset Strategist at HSBC, predicts economic turbulence ahead and the potential for a recession in 2025. Christopher Hughes, co-founder of Facebook, dives into the challenges facing Big Tech as they gear up for Meta's earnings. Former Federal Reserve President Eric Rosengren shares insights on balancing Fed independence with current economic pressures and the outlook for interest rates. Together, they unravel the complexities of navigating the U.S. economy and emerging market opportunities amidst shifting government policies.

32:04

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Episode guests

Eric Rosengren

Christopher Hughes

Max Kettner

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The imposition of tariffs has significantly altered consumer behavior and market dynamics, creating immediate spikes in imports before price increases.

Concerns around U.S. economic resilience are prompting investment strategies to shift towards international markets, anticipating a slowdown in domestic growth.

Deep dives

Impact of Tariffs on Consumer Behavior

The discussion reveals that the imposition of tariffs has led to significant shifts in consumer behavior, particularly in relation to washing machines. In the past, the introduction of tariffs created a front-loading effect where consumers rushed to purchase items before prices increased, resulting in a temporary spike in imports prior to the tariffs taking full effect. This behavior was observed as imports from China dipped while global import levels remained stable. Consequently, prices for goods such as washing machines rose sharply, signifying how tariffs can alter spending patterns and market dynamics.

Intro

4min

Navigating Economic Uncertainties

6min

Navigating U.S. Economic Risks and Emerging Market Opportunities

4min

Small Businesses and Trade Policy Challenges

12min

Navigating Trade Policies and Innovation

6min

Economic Ramifications of Chinese Tariffs

2min

Navigating Economic Uncertainty: Consumer Sentiment and Federal Reserve Challenges

4min

- Max Kettner, Chief Multi-Asset Strategist at HSBC
- Ryan Petersen, Chairman, CEO, and founder of Flexport
- Christopher Hughes, co-founder of Facebook
- Eric Rosengren, Former President of the Federal Reserve Bank of Boston

Max Kettner, Chief Multi-Asset Strategist at HSBC, looks ahead to this week's jobs report and other economic data soon-to-be-released, and whether he sees investors having to weather a recession in 2025. Ryan Petersen, Chairman, CEO, and founder of Flexport, discusses supply chain constraints and navigating the trade war. Christopher Hughes, co-founder of Facebook, discusses the company and Big Tech ahead of Meta earnings. Eric Rosengren, Former President of the Federal Reserve Bank of Boston, discusses his outlook for the US economy and interest rates and talks Fed independence.

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