UBS On-Air: Paul Donovan Daily Audio 'Does orthodoxy also mean influence?'

The recent nomination of Bessent as treasury secretary has sparked positive reactions in the markets, highlighting the importance of predictable economic policies. Investors are relieved as Bessent's orthodox approach contrasts with the unpredictability of some candidates. The discussion also touches on consumer sentiment and the potential impact of political divisions. With trade tariffs as a bargaining tool, the implications for the economy are significant, particularly relating to upcoming retail events like Black Friday.