James Steel

Paul Krugman, a renowned economist and NY Times columnist, joins forces with James Steel, HSBC's Chief Commodities Analyst, and John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co. They explore the current tariff landscape, focusing on uncertainties impacting both trade and the economy. The guests discuss how rising import prices pose risks to productivity and investment. With insights on commodity trends, including gold's fluctuating value, they analyze strategies investors can leverage amid the chaos of international trade challenges.

Jay Timmons, President and CEO of the National Association of Manufacturers, discusses the critical state of U.S. manufacturing, highlighting workforce shortages and the need for training amidst 400,000 unfilled jobs. He also delves into the impact of tariffs and regulatory policies. Meanwhile, James Steel, Chief Commodities Analyst at HSBC, analyzes the ongoing safe-haven rally in gold and silver, the constraints on gold production, and the dynamics of demand from institutions versus retail investors. The conversation uncovers fascinating insights on market trends and geopolitical influences.

In this discussion, Stephanie Roth, Chief Economist at Wolfe Research, dives into how tariffs are reshaping the U.S. economy and the Federal Reserve's policy responses. James Steel, Chief Commodities Analyst at HSBC, highlights the surge in volatility within commodities markets linked to tariffs. Krishna Memani, CIO at Lafayette College, reflects on the impact of high market valuations amidst tariff uncertainties. The trio paints a vivid picture of the interconnectedness of tariffs, inflation, and market dynamics.

A lively discussion with James Steel on the bullish case for gold and other commodities, followed by Virginie Maisonneuve's insights on US inflation expectations and reactions to EU elections. Lauren Goodwin covers the Fed's challenges and the impact of rate cuts on asset allocation. Gene Munster reacts to Apple partnering with OpenAI for artificial intelligence advancements.

Neil Dutta, Head of US Economic Research at Renaissance Macro, shares insights on recent economic data and its effects on stocks, particularly amid expectations of Federal Reserve interest rate cuts. James Steel, Chief Commodities Analyst at HSBC, discusses gold's record highs and the influence of geopolitical factors on precious metals. Freya Beamish, Chief Economist at TS Lombard, highlights signals from the global bond market and the resilience of the US economy, exploring the complexities of trade dynamics and currency implications.