Henrietta Treyz, Managing Partner at Veda Partners, discusses the complexities of President Trump's tariffs and their potential impact on agriculture and trade. Sarah Ponczek of UBS analyzes the fluid market outlook amidst escalating tariff tensions, signaling a possible cycle of retaliation. Steve Man, a Bloomberg analyst, highlights the automotive industry's response to these tariffs and the challenges of reshoring production, revealing how these factors could reshape U.S. manufacturing and job creation.
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insights INSIGHT
Congressional To-Do List
Congress faces a substantial to-do list, including a $5 trillion debt ceiling hike.
A government funding bill due September 30th may include a farmer's bailout and other provisions.
volunteer_activism ADVICE
Navigating Market Uncertainty
Accept that market volatility is here to stay and prepare for ongoing ups and downs.
View 10% corrections as potential entry points, based on historical market trends.
volunteer_activism ADVICE
Managing Cash and Risk
Avoid going all-in to cash due to potential tax implications and missed opportunities.
Use market dips to gradually deploy cash and reassess portfolio risk if needed.
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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel
Today’s Podcast Features are:
Henrietta Treyz, Managing Partner and Director of Economic Policy at Veda Partners, discusses President Trump's Liberation Day. This includes retaliatory tariffs, bailouts for farmers, and Senate Republicans being hopeful that they will get a final answer from the Parliamentarian either tomorrow or Wednesday as to whether they can write off the $4.6T cost of extending the 2017 tax cuts permanently.
Timothy Fiore, Chair for the Institute for Supply Management’s (ISM) Manufacturing Business Survey Committee, discusses ISM Manufacturing PMI data. ISM prices paid rose again to the highest level in almost three years, while the new orders-to-inventory component stayed well below one and slipped to its lowest level since 2020. The component gives a reliable short lead on the headline ISM index.
Sarah Ponczek, Financial Advisor at UBS Private Wealth Management, discusses her outlook for the markets. On April 2, she expects the US to announce tariffs on most major trading partners and trigger a potential tit-for-tat cycle of escalation in the weeks thereafter. The situation appears fluid, with the WSJ on Sunday reporting “Trump has pushed his team to be more aggressive,” but that policy was not yet been agreed or set, and that a 20% tariff on virtually all US trading partners is under consideration.
Steve Man, Bloomberg Intelligence Global Autos and Research Analyst, discusses his autos outlook. US automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.
Bloomberg Intelligence 