Bloomberg Surveillance

Bloomberg Surveillance TV: February 5, 2025

Feb 5, 2025

Thomas Barkin, President of the Richmond Federal Reserve Bank, shares his insights on interest rates and the Federal Reserve's policy under a potential second Trump administration. Hugh Johnston, CFO of The Walt Disney Company, discusses the company's recent earnings report, including trends in their streaming services and park performance. The conversation covers how tariffs and economic factors shape financial strategies and consumer preferences, while exploring the complexities of the bond market amid geopolitical uncertainty.

32:05

Creator website

Episode guests

Hugh Johnston

Thomas Barkin

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The podcast discusses how tariffs introduce uncertainties that complicate monetary policy decisions, highlighting their impact on economic growth and inflation predictions.

CFOs express cautious optimism about corporate performance, pointing to healthy balance sheets amidst evolving economic conditions and external uncertainties.

Deep dives

Impact of Tariffs on Economic Prospects

The discussion highlights how tariffs create uncertainties that affect monetary policy decisions, specifically concerning rate cuts by the Federal Reserve. The current narrative suggests that while tariffs are a negotiation tool, their existence complicates predictions around growth and inflation. The dialogue around recent tariff announcements indicates a hesitant market responding to perceived risks, as evidenced by changes in bond yields. These fluctuations signal a broader concern that tariffs may hinder economic growth, potentially tightening financial conditions for businesses and investments.

Intro

2min

Tariffs, Labor, and Market Resilience

4min

Market Dynamics and Economic Forecasts

5min

Economic Insights and Disney's Performance

11min

Consumer Preferences and Energy Sector Insights

2min

Navigating America's Energy Landscape

8min

Negotiations and Implications of Venezuelan Oil Sanctions

3min

- Thomas Barkin, President of the Richmond Federal Reserve Bank
- Lindsay Rosner, Head: Multi-Sector Investing at Goldman Sachs Asset Management
- Mike Wirth, Chairman at Chevron
- Hugh Johnston, CFO of The Walt Disney Company

Richmond Fed President Tom Barkin joins in studio with Bloomberg's Michael McKee on the path for interest rates and Fed policy in a second Trump administration. Lindsay Rosner of Goldman Sachs discusses moves in the bond market and volatility from geopolitical uncertainty. Hugh Johnston, CFO of The Walt Disney Company, reacts to the company's earnings report. Mike Wirth, CEO and Chairman of Chevron, also discusses his company's earnings.

See omnystudio.com/listener for privacy information.

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