UBS On-Air: Market Moves
Top of the Morning: POTUS 47 - The next 100 days
May 8, 2025
Kurt Reiman, Head of Fixed Income Americas at UBS Chief Investment Office, shares his expertise on the implications of President Trump’s second term. He reflects on the administration's first 100 days, highlighting declining approval ratings driven by economy and immigration issues. The conversation shifts to upcoming legislative ambitions and how trade policies affect the economic landscape and markets. Reiman emphasizes the importance of adapting investment strategies in response to evolving inflation and market conditions.
26:10
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Quick takeaways
- President Trump's second term has seen a significant drop in approval ratings due to rising concerns over inflation and economic management.
- The administration's reliance on executive orders, totaling over 140, highlights challenges in achieving bipartisan support and legislative progress in Congress.
Deep dives
Approval Ratings and Public Sentiment
The current approval ratings of President Trump's second administration reflect a significant shift in public sentiment since the beginning of his term. At the 100-day mark, his approval rating has dropped to around 44% while disapproval has risen to over 51%, showcasing a change from his first term when he enjoyed a higher approval rate exceeding 50%. Key issues shaping this sentiment include inflation, the economy, immigration, and trade, with all four facing net disapproval. The strong disapproval percentage suggests a growing dissatisfaction among voters, particularly highlighting challenges associated with economic management and immigration policy.
