Meghan Clark, a moral theology professor at St. John's University, shares her insights on the death of Pope Francis and the challenges facing the Catholic Church during this pivotal moment. Drew Matus, Chief Market Strategist at Metlife Investment Management, dives into the looming threat of a recession, emphasizing the dire economic implications of current trade policies. Together, they discuss how these influential developments impact both spirituality and market dynamics as the world navigates economic uncertainty and leadership transitions.
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insights INSIGHT
Recession Predicted Amid Tariffs
The U.S. economy is expected to enter a recession in the second half of this year, influenced by tariffs and inflation bursts.
Unemployment may rise close to 6%, reflecting a deeper economic impact despite the economy's prior strength.
insights INSIGHT
Tariffs Create Economic Uncertainty
The tariff policy lacks a coherent strategy and pushes allies away instead of addressing trade issues with China.
Uncertainty about the policy's consistency damages trust and economic stability.
insights INSIGHT
Consumer Strain From Economic Shifts
The labor market has cooled, with middle-income consumers already feeling squeezed by higher interest rates.
How to Make the Most Consequential Decision in the World
Gautam Mukunda
In 'Picking Presidents', Gautam Mukunda provides a detailed framework for evaluating presidential candidates. The book combines insights from political science, psychology, organizational behavior, and economics to help readers determine whether a candidate will succeed or fail in the White House. Mukunda analyzes both 'filtered' and 'unfiltered' presidents, drawing examples from historical figures such as Harry Truman, James Buchanan, Andrew Johnson, and Theodore Roosevelt. The book aims to equip every American with the tools to cast an informed vote and understand the complexities of presidential leadership[1][4][5].
The search for modern China
Jonathan Spence
The Search for Modern China is a detailed historical account that spans from the 17th century to 1989, covering significant events such as the Chinese Civil War, the rise of Mao Zedong, the Cultural Revolution, and the economic reforms under Deng Xiaoping. The book provides a balanced narrative of China's complex journey towards modernity, exploring political, social, and economic developments.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 21st, 2025 Featuring: 1) Julia Coronado, President/Founder of Macropolicy Perspectives, joins to discuss the precarious position the Fed is put in amid incoming tariffs and the possibility of higher inflation, and when or if Jay Powell will cut rates this year. The dollar weakened sharply as traders reacted to the possibility that President Donald Trump will try to remove Federal Reserve Chairman Jerome Powell. 2) Meghan Clark, professor at St. John's University, talks about the death of Pope Francis. He encouraged Catholics to embrace a more compassionate view on many issues but found it difficult to close the book on past abuses by clergy. He was 88, and passed away 7:35 a.m. Monday in Rome, the Vatican said in a statement. He had been hospitalized in Rome in mid-February with bronchitis, which progressed to pneumonia in both lungs — the last in a litany of respiratory and other medical challenges he had faced. On Sunday, he had met with US Vice President JD Vance. 3) Gautam Mukunda, Bloomberg Opinion contributor and Yale School of Management professor, joins for a discussion on politics and the forces pushing back or accepting certain norms being challenged by the Trump administration. President Trump is continuing his calls for a change at the head of the Fed, and there's growing pressure on US Defense Secretary Pete Hegseth amid reports of turmoil at the Pentagon. 4) Drew Matus, Chief Market Strategist at Metlife Investment Management, brings us into the market open and discusses the prospect of a recession as the US enters "trade war hell." 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including The Boston Globe looking into the best places to eat along the route of the Boston Marathon and Business Insider's story on men are getting cosmetic treatments and anti-aging procedures.
Bloomberg Surveillance 
