Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown
On today's podcast: 1) President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war. 2) Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead. 3) The worst of the US equity correction may be over, with credit markets indicating a lower risk of recession, according to JPMorgan Chase & Co.See omnystudio.com/listener for privacy information.
13/3/2025
17:11
EU Retaliates as Trump Trade War Heats Up; Ukraine Ceasefire Proposal Puts Onus on Putin
On today's podcast: 1) The European Union launched countermeasures on Wednesday against new US metals tariffs, with plans to impose its own duties on €26 billion ($28.3 billion) worth of American goods. 2) Less than two weeks after Donald Trump lambasted Ukrainian President Volodymyr Zelenskiy in an Oval Office confrontation, the US president put the pressure on Russia to accept a ceasefire agreement hammered out with Zelenskiy’s advisers. 3) House Republicans passed legislation to keep the US government open past a Saturday shutdown deadline, daring moderate Democrats in the Senate to block the measure over objections it fails to constrain Elon Musk’s cost-cutting crusade.See omnystudio.com/listener for privacy information.
12/3/2025
17:15
Special Report: Global Market Selloff Easing with Mike Wilson and Mohamed El-Erian
Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian. Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President Donald Trump will meet with top business executives later in the day. Contracts for the Nasdaq 100 rose 0.5% after the index’s deepest slump since 2022, while those on the S&P 500 climbed 0.4%. Tesla Inc. shares rose in premarket trading after Monday’s 15% slide while other tech names including Nvidia Corp. also edged higher. In Europe, the Stoxx 600 index was steady while earlier, Asian shares bounced off an intraday five-week low.There was relief for other risk assets too, as Bitcoin stabilized after a five-day selloff and oil prices notched a small bounce from Monday’s drop. However, concerns over the once unstoppable resilience of the US economy continue to support Treasury markets, with 10-year yields edging lower again on Tuesday. The dollar index slid 0.3%.See omnystudio.com/listener for privacy information.
11/3/2025
21:00
Bearish Sentiment Weighs on Stocks; Ukraine Launches Drone Attack on Russia
On today's podcast: 1) The stock selloff moderates around the world as the world's richest lose more than $200 billion since President Trump's Inauguration. It comes as Wall Street strategists like Citi downgrade views on US equities. Investors remain cautious due to concerns about the American economy, tariffs, and government spending cuts. 2) Ukraine launches its biggest attack yet against Russia ahead of talks with the US. Ukraine launched a record number of drone attacks on Russia, with air defenses downing 337 drones including dozens that targeted Moscow. Top US and Ukrainian officials are set to meet in Saudi Arabia to explore the potential for reaching a ceasefire, with the US seeking a clear commitment from Ukraine to a diplomatic resolution. 3) House conservatives get behind a stopgap to avert a government shutdown. The House Freedom Caucus has backed a stopgap funding package, which would reduce and then freeze spending for six months, to help Speaker Mike Johnson pass the bill without Democratic support. The bill's fate is uncertain, with some Republicans, including Representative Thomas Massie, opposed to the measure, and Democrats' support still needed to clear the Senate.See omnystudio.com/listener for privacy information.
11/3/2025
16:43
Trump Avoids Recession Call, Says Economy In ‘Transition', Mark Carney Wins in Canada
On today's podcast: 1) President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil. 2) Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future 3) President Donald Trump said Sunday he was negotiating with four different possible buyers for TikTok’s US business and that a deal for the social video app could come “soon.”See omnystudio.com/listener for privacy information.
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