ICYMI Podcast: Atwater Sees "Red Light, Green Light" in Markets
Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, discusses the broader financial and economic implications of President Donald Trump's trade war against Xi Jinping's China.After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.See omnystudio.com/listener for privacy information.
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10:45
Nasdaq 100 Enters Bull Market After US-China Truce
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven currencies. The dollar saw its best day since November.The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above Donald Trump’s April 2 “Liberation Day” level. A surge in big techs drove the Nasdaq 100 back into a bull market just a month after it plunged 20% from a previous record. Amid a potential reset in inflation expectations, Treasury yields climbed as traders lowered their Federal Reserve wagers to just two rate cuts in 2025.For big investors shocked into defensive measures at the height of April’s chaos, the swift recovery in markets has been a mixed blessing. Shorting the dollar, going long stock volatility and piling on bets premised on multiple Fed rate cuts were among the most popular trades in mid-April. Each has taken severe lumps. Indeed, their unwinding may be adding fuel to the bounce-back.The US and China will temporarily lower tariffs on each other’s products, buying the world’s two largest economies three months to work toward a broader agreement. Trump said China had agreed to remove non-tariff barriers to US imports as he announced a de-escalation of his trade war with Beijing, suggesting even greater concessions could be in store if talks progress.Today's show features: Nancy Lazar, Chief Economist at Piper Sandler Doug Ciocca, CEO and Partner at Kavar Capital Partners Jay Inslee, former Governor of Washington See omnystudio.com/listener for privacy information.
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ICYMI: Bitcoin Breaks $100k; Citadel Pushes for Four-Year Non-Competes
Bitcoin crossed the $100,000 threshold for the first time since February last week, fueled by expectations for an easing of global trade tensions. Metafide CEO Frank Speiser joins to discuss the outlook for crypto amid broader market uncertainty. Then, Ken Griffin's Citadel is putting its Florida lobbying muscle behind an effort to allow stricter non-compete clauses and garden leaves. Bloomberg News Florida correspondent Anna Kaiser joins to break down her reporting on Griffin's growing influence in Florida. Hosts: Matt Miller and Norah MulindaProducer: Justin MillinerSee omnystudio.com/listener for privacy information.
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Targeting Cystic Fibrosis (Sponsored Content)
NFL quarterback Boomer Esiason’s career high came just days before his son was diagnosed with cystic fibrosis (CF) – a genetic disease characterized by thick and sticky mucus that interferes with breathing, digestion and the body’s ability to fight infections. Esiason now dedicates his free time to raising awareness to fund the search for a cure. We explore how Vertex’s Chief Scientific Officer, Dr. David Altshuler, and the research team at Vertex have spent the last 20+ years researching the underlying cause of the disease – and their work is not yet finished. This episode of Targeting the Toughest Diseases is produced by Bloomberg Media Studios and Vertex Pharmaceuticals and is sponsored by Vertex Pharmaceuticals.See omnystudio.com/listener for privacy information.
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Bloomberg Businessweek Weekend: May 9th, 2025 (Podcast)
Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on X @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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