Bloomberg Daybreak: US Edition

President Trump's Tariff Pivot; Global Markets React

7 snips
Apr 10, 2025
Brendan Murray, a Bloomberg News trade reporter, and Dan Morris, Chief Market Strategist at BNP Paribas Asset Management, dive into President Trump's surprising tariff policy reversal. They discuss how this move isolates China and affects global trade dynamics. The market's wild reactions are explored, from the initial stock rallies to the subsequent volatility, showcasing shifting investor sentiments. The conversation also highlights the broader implications for U.S. economic growth and how traders are bracing for what comes next.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

European Stocks Surge

  • European stocks surged after Trump's tariff rollback, marking the biggest jump since the pandemic began.
  • Banks and technology stocks led the gains.
ANECDOTE

Trump's Tariff Reversal

  • The wild market swings forced Trump's tariff reversal.
  • This economic policy shift is one of the biggest in modern presidential history.
INSIGHT

Goldman Sachs Recinds Recession Forecast

  • Goldman Sachs economists rescinded their U.S. recession forecast.
  • This change followed President Trump's 90-day tariff pause.
Get the Snipd Podcast app to discover more snips from this episode
Get the app