Bloomberg Surveillance Bloomberg Surveillance TV: February 12th, 2026
Feb 12, 2026
Steven Ricchiuto, Mizuho chief economist who tracks labor markets and inflation, discusses payrolls, claims, policy timing and where inflation might re-emerge. Sharon Bell, Goldman Sachs European equity strategist, explains why investors shift to Europe, sector mix and currency diversification. French Hill, Republican congressman from Arkansas, covers tariffs, USMCA, housing legislation and community banking reforms.
AI Snips
Chapters
Transcript
Episode notes
Preserve USMCA To Protect Trade
- Urge the White House to renew USMCA and avoid tying it to ad-hoc tariff votes.
- Preserve cross-border trade to protect states like Arkansas where 30% of GDP depends on it.
USMCA As Leverage, Not Just Policy
- President Trump improved NAFTA into USMCA and exempts compliant goods from additional tariffs.
- That dynamic makes renegotiation talk a leverage tactic rather than a simple policy shift.
Prioritize Supply-Side Affordability Measures
- Focus trade policy on supply-side measures and targeted tariff adjustments, not blanket tariffs that raise consumer costs.
- Combine regulatory relief, tax changes, and housing initiatives to boost real wages and affordability.