Derek Wallbank

Derek Wallbank, a Senior Editor at Bloomberg, shares insights on the crucial role immigrants play in the U.S. economy. He discusses the misleading narrative that immigrants drive down wages and the potential consequences of a massive deportation plan on job growth and inflation. Wallbank also contrasts illegal and legal immigration, shedding light on the mixed opinions regarding skilled labor within Republican circles. Finally, he touches on how immigration policies impact economies globally, sharing lessons from countries like Canada and Australia.

Derek Walbank, a senior editor at Bloomberg News with expertise in economic policies, discusses President Trump's upcoming tariff announcement, described as a 'liberation day' for the nation. He delves into the global reactions, particularly from European leaders concerned about trade implications. The conversation shifts to Trump's unpredictable stance on Putin and Zelenskiy, highlighting a complex political landscape. Additionally, they touch on the looming fears of a recession and its impact on tech stocks amid rising tensions in various sectors.

In this discussion with Derek Wallbank, Bloomberg's senior editor for U.S. economics and government, listeners gain insights into President Trump's plans for 25% tariffs on imports from Canada and Mexico, which have already rattled foreign exchange markets. They delve into the serious implications of these tariffs on trade and immigration while examining the tragic plane crash in Washington, D.C. Additionally, Wallbank highlights a concerning study revealing that women have significantly less trust in the Bank of England compared to men amidst rising cost-of-living pressures.

Derek Wallbank, Managing Editor at Bloomberg Breaking News, shares insights alongside Kristina Hooper, Chief Global Market Strategist at Invesco, Andrew Slimmon from Morgan Stanley, and Sandi Bragar of Aspiriant. They delve into Israel's military actions against Hezbollah, discussing the potential for escalated tensions in the region. The conversation also highlights China's market potential and global economic trends, including interest rate expectations and investment strategies that favor commodities amid market volatility.

Leland Miller, Co-Founder and CEO of China Beige Book, joins Richard Harris, CEO of Port Shelter Investment Management, along with Bloomberg's Daniel Ten Kate and Derek Wallbank. They delve into China's recent stimulus measures and their implications for the global economy. The discussion highlights the current challenges in China's economy, including deflation and declining asset values. They also touch on the UN General Assembly's focus on global issues like inequality and the impact of U.S. foreign policy, particularly in the context of international conflicts.