Bloomberg Surveillance

New York City Mayor Eric Adams shares insights into his re-election campaign and ongoing challenges in public safety and education. Julian Emanuel from Evercore ISI discusses the impact of tariff fluctuations on stock markets, raising concerns about the ‘unstoppable’ rally. Andrew Sheets from Morgan Stanley offers a global economic outlook, emphasizing U.S. activity amidst shifting capital dynamics. David Sowerby of Ancora elaborates on asset allocation strategies and stock picks that align with the current market rally.

Tom Keene chats with Nancy Lazar and Doug Irwin about the evolving realm of government spending and its effects on the economy. They delve into tight federal budgets and changing employment trends, offering insights into what that means for the private sector. Historical parallels are drawn with the Reagan era's economic difficulties, spotlighting strategies employed by the Federal Reserve. Finally, the discussion shifts to current market trends and practical advice for investors navigating today’s economic landscape.

Jean Boivin, Global Head of Research at BlackRock Investment Institute, shares insights on how President Trump's tariff deadline is being priced into the markets. Ed Mills, Washington Policy Analyst at Raymond James, discusses the administration's economic priorities. Nancy Lazar, Chief Global Economist at Piper Sandler, examines expectations for U.S. and global economic growth and the complexities tariffs bring to inflation and trade negotiations. The conversation highlights the intersection of political strategies and market dynamics.

Doug Irwin, Professor of Economics at Dartmouth, dives into the chaos stirred by President Trump's proposed 50% tariff on copper imports. He discusses how this unexpected move triggered a surge in New York futures and shaken global markets. The conversation also touches on the broader implications of tariff strategies on the U.S. economy, the mining industry, and investor behavior. Irwin offers insights into how such policies challenge established economic norms and what they mean for future growth and trade relations.

Discover the secrets behind robust business strategies and cloud technology that boost efficiency. Experts dissect the current stock market, exploring derivative strategies and bullish forecasts despite geopolitical tensions. The discussion then shifts to the real estate market, weighing the advantages of renting versus buying homes in today's pricing landscape. Engaging listener responses reveal innovative solutions for business transactions while highlighting personalized services across various sectors like education and healthcare.

Rob Casey, Partner and Senior Analyst at Signum Global Advisors, delves into President Trump's economic priorities, particularly focusing on recent adjustments to tariff deadlines. Sarah Bianchi, Senior Managing Director at Evercore ISI, discusses the strategic goals behind these tariffs and ongoing trade negotiations. They highlight the complexities of international trade dynamics, emphasizing the urgent need for finalizing deals with key partners while considering the broader economic implications of rising tariff revenues.

Ed Yardeni, President at Yardeni Research, shares his insights on the US equity rally, connecting it to trade war dynamics and his updated S&P target. He discusses the market's reaction to President Trump’s tariff announcements, noting traders' optimism in the face of potential negotiations. Kelsey Berro, Executive Director at JPMorgan Asset Management, highlights bond market concerns regarding the US fiscal landscape while emphasizing a resilient economy and record-high S&P 500 performance amidst tariff tensions.

Dive into the latest job data and inflation trends that shape the labor market and economic growth. Explore growing uncertainty in the economy and understand the critical differences between risk, uncertainty, and ambiguity. Discover the varied experiences within the U.S. economy, especially concerning income levels and employment trends. Listen as Canadian investors shift their confidence, particularly about AI and productivity, while navigating clear guidance amid market uncertainties.

Dan Ives, Global Head of Technology at Wedbush Securities, shares insights on Tesla's stock amidst Elon Musk's political battles, posing questions about stability. Ben Laidler, Head of Equity Strategy at Bradesco Securities, discusses a cautious yet optimistic outlook for equities, hinting at potential S&P growth despite market volatility. The conversation navigates the intersection of politics and business strategy, and how global tariffs are shaping the investment landscape as 2025 approaches.

Brad Rogoff, Global Head of Research at Barclays, sheds light on the health of banks and lending as earnings season approaches. He dives into how the market's focus has shifted from taxes to looming tariffs, creating uncertainty for businesses and investors alike. The discussion also touches on the implications of trade policies on various sectors and the distinct challenges that rising tariffs pose for small businesses. As tensions in Washington escalate, Rogoff provides valuable insights into navigating the current economic landscape.