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Bloomberg Surveillance

Donald Trump's Tariffs and Cabinet Nominations

Nov 14, 2024
David Blanchflower, an economics professor at Dartmouth, dives into the ripple effects of Trump's tariffs on the labor market, emphasizing potential challenges for workers and businesses. Wendy Schiller, a Brown University professor, analyzes the unique dynamics of cabinet nominations under Trump's leadership, highlighting the strain between partisanship and Senate independence. They discuss how these developments may reshape economic policies and political strategies amidst a turbulent landscape, all while pondering the future of governance in a changing America.
35:23

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Quick takeaways

  • The podcast discusses the anticipated market growth driven by pro-business policies and tax reductions during a potential Trump administration.
  • It emphasizes that investors should prioritize economic fundamentals over political influences to navigate market resilience effectively.

Deep dives

The Appeal of the Futures Market

The futures market remains highly active even when other markets slow down. S&P 500 and NASDAQ 100 futures are traded nearly 24 hours a day, providing investors with continuous trading opportunities. Unlike the ETF markets, where liquidity declines after trading hours, the futures market maintains robust volume overnight. This unique aspect of futures trading allows market participants to seize opportunities regardless of the time of day.

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