Bloomberg Daybreak: Asia Edition

Carol Schleif, Chief Market Strategist at BMO Private Wealth, sheds light on the tumultuous state of tariffs, linking President Trump's potential tariff increases on steel and aluminum to broader market reactions. Meanwhile, Stuart Nash, Former Minister of Economic Development in New Zealand, delves into the surge of interest in the country's 'golden visa' programs. With looser rules designed to attract wealthy investors, Nash discusses the vetting process and its implications for New Zealand’s economy and property market, raising questions about community impact and investment integrity.

Katya Dmitrieva, an Asia economy reporter at Bloomberg in Hong Kong, brings her expertise on Vietnam's economy to the discussion. She delves into the impact of tariffs on Vietnam’s economic landscape and trade dynamics with the U.S. amid ongoing negotiations. Dmitrieva highlights the challenges of diversification and technological growth amid scrutiny on exports. The conversation also touches on how external pressures influence Vietnam's strategic adaptations in trade relations, providing a captivating look at a rapidly evolving economy.

Mary Nicola, a Bloomberg MLIV Strategist, and Scott Ladner, Chief Investment Officer at Horizon Investments, delve into the recent federal appeals court ruling that temporarily upholds Trump's tariffs. They discuss how this affects U.S.-China trade relations and the impact on Asian markets. The duo also analyzes the U.S. equity market’s response to strong guidance from Nvidia and broader economic pressures tied to Trump's push for lower interest rates from the Federal Reserve, giving insights into potential market dynamics ahead.

Daniel Newman, CEO of the Futurum Group, and Tim Pagliara, Chairman and Chief Investment Officer at CapWealth, discuss Nvidia's strong sales forecast in the face of potential challenges from China. Newman highlights Nvidia's resilience in the AI sector and its optimistic outlook despite new export restrictions. Pagliara analyzes the equity market's reaction and shares insights on investment strategies in technology amidst ongoing U.S.-China trade tensions. Together, they explore the exciting implications for growth in AI and its impact on future market valuations.

Vis Nayar, Chief Investment Officer at Eastspring Investments, and Clark Geranen, Chief Market Strategist at CalBay Investments, dive into the recent Wall Street rally spurred by a surge in consumer confidence and accelerating trade talks with the EU. They discuss the potential for Asian and emerging markets amid a weakening dollar and the allure of Chinese investments. The conversation also touches on the implications of tariff delays, shifting M&A expectations, and the complexities of global supply chains in the context of ongoing trade tensions.

Joohee An, CIO of Mirae Asset Global Investments, provides insights on the impact of BYD's drastic price cuts on electric vehicle stocks and market competition. She discusses the upcoming EU-China trade meeting amid tariff pressures and highlights shifts in investor interest towards domestic markets in China and India. An also delves into currency volatility, noting the dollar's decline and its implications for investment strategies in Asia, as investors reevaluate their focus away from U.S. markets.

Stephanie Leung, Chief Investment Officer at StashAway, discusses the implications of President Trump's tariff threats against the EU and the strategic extension of deadlines. Kurt Tong, Managing Partner at the Asia Group, provides insights into the burgeoning partnership between Nippon Steel and U.S. Steel and Japan's aspirations for a U.S. trade deal. They dive into the complexities of U.S.-Japan trade relations, addressing potential obstacles and the evolving dynamics of international trade amid geopolitical tensions.

Hyo-sung Kwong, a Bloomberg Economics expert covering Korea, and Stuart Paul, a U.S. economist, delve into pressing economic themes. They discuss upcoming U.S. GDP data and Nvidia's earnings prospects amid trade challenges. The conversation shifts to Poland's pivotal presidential election, examining its potential impact on EU relations. Additionally, they analyze South Korea's monetary policy facing new tariffs and inflation concerns, exploring how these dynamics shape the region's economic stability.

Eric Sterner, Chief Investment Officer at Apollon Wealth Management, discusses the recent stability in Treasuries and its impact on the Asian markets, suggesting potential investment opportunities amidst volatility. Peter Chung, Head of Research at Presto Research, dives into Bitcoin's historic rise past $111,000, linking it to increased institutional interest and support from the Trump administration. The duo also explores the evolving perception of cryptocurrencies, noting the growing necessity for regulatory improvements in the face of security concerns.

Joe Little, Global Chief Strategist at HSBC Asset Management, and Rebecca Walser, President at Walser Wealth Management, delve into the troubling implications of the U.S. deficit. They discuss the recent mixed performance of Asian shares and the impact of rising Treasury yields on global markets. As concerns about government borrowing grow, they highlight shifting investor strategies toward diversification and the potential effects on stock markets. The conversation also touches on global economic challenges, particularly in Japan and China, reflecting widespread instability.