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Stocks Slip Ahead of Data; Senate Pulls All-Nighter on Trump Tax Bill | Bloomberg Brief 7/1/2025

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Equity futures fall after the S&P 500 posted its best quarter since 2023, while the dollar saw its weakest half of a year since 1973. The Senate vote on President Trump’s $3.3 trillion tax and spending bill continues into Tuesday morning. Europe is said to be pushing to negotiate on Trump’s universal tariff, while Trump threatens to increase levies on Japan. Major central bank chiefs including Powell, Lagarde, Bailey, Ueda and Rhee are set to speak at the ECB forum in Sintra, Portugal. BNY’s Geoffrey Yu and Kelsey Berro of JPMorgan Asset Management discuss their outlook for foreign interests in Treasuries and the dollar. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

Chapters:
00:00:00 – Intro
00:02:04 – First Look Movers
00:03:56 – Geoffrey Yu, BNY Senior Strategist
00:09:34 – Trending on the Terminal
00:20:04 – Front Page News
00:22:25 – First Look Movers
00:24:19 – Kelsey Berro, JPMorgan Asset Management Executive Director of Fixed Income
00:30:57 – Trending on the Terminal
00:41:35 – What to Watch
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Hamptons Golf Tickets At $400 Look Like A Steal After the Knicks

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With Knicks NBA Finals seats and World Cup tickets costing thousands, golf’s US Open in the Hamptons is emerging as a rare bargain. Paulina Cachero breaks down the numbers
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First Saudi Supertankers Begin Hormuz Crossing

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Some oil and gas vessels have begun to cross the Strait of Hormuz, including ships owned by Saudi Arabia’s state tanker giant. The movement of Saudi ships through the waterway marks the first large volumes of Saudi oil to cross the strait since the Iran war began. Bloomberg’s Abeer Abu Omar reports.
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Why Guinness Is Growing While Beer Sales Fall Worldwide

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#Guinness is a brand that’s been around for 270 years. Diageo’s Global Category Director explains how the #Irish #stout has managed to evolve and grow, while staying true to its roots.

Diageo Global Category Director Gráinne Wafer reflects on her personal connection to the Guinness brand and the challenge of keeping an almost 270-year-old icon relevant for a new generation of drinkers. Wafer explains how the Irish stout is evolving while holding onto the ritual, quality and community that she says built it.

#Beer #Business

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UK Defense Secretary’s Exit Shatters Starmer’s Legacy

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Is the UK spending enough to defend itself and its NATO allies?

Ellen Milligan explains why the resignation of Defence Secretary John Healey threatens to shatter Keir Starmer’s legacy.
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Why Guinness Is Growing While Beer Sales Fall

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Diageo Global Category Director Gráinne Wafer reflects on her personal connection to the Guinness brand and the challenge of keeping an almost 270-year-old icon relevant for a new generation of drinkers. Wafer explains how the Irish stout is evolving while holding onto the ritual, quality and community that she says built it.

Why Guinness Keeps Growing While Beer Sales Worldwide Fizz Out: https://bloom.bg/4oykMXk

With Gráinne Wafer at the helm, the brand just opened a new brewery in Ireland’s County Kildare, with a second facility on the way. Will it be enough to meet the raging year-round demand?

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#Guinness #Business #Ireland

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