Bloomberg Surveillance

Bloomberg Surveillance TV: July 24th, 2025

Jul 24, 2025
Libby Cantrill, Head of Public Policy at PIMCO, shares her insights on President Trump's tariff strategies and the administration's economic priorities. She delves into the impact of evolving trade policies on markets and the broader implications for U.S. industries. The conversation also highlights adaptation strategies for businesses navigating tariffs and international dependencies. Cantrill’s perspective sheds light on the delicate balance between economic growth and political pressures, making for a compelling discussion on current market dynamics.
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INSIGHT

Fed Chair Stability Eases Market Fears

  • Concerns about firing Fed Chair Powell are overblown; such drastic actions likely won't happen.
  • Economic growth is expected to pick up without major negative effects from tariffs or consumer pullback.
INSIGHT

Dual Economy: Tech vs. Traditional

  • US economy is split between struggling traditional sectors and booming tech/AI sectors.
  • Massive tech spending, like Google's $85 billion, supports overall economic strength despite localized weaknesses.
INSIGHT

AI Robotics to Revolutionize Jobs

  • AI combined with robotics will soon transform physical tasks and job roles.
  • This technological fusion may shift profits further to capital owners, challenging traditional job security.
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