Business
Trump Eyes Cutting China Tariffs ‘Substantially’, Dials Back Fed Threats | The Opening Trade 04/23
“It will come down substantially but it won’t be zero,” President Donald Trump said Tuesday in Washington, following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable. Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, adding that he didn’t see the need to say he’d “play hardball” with Chinese leader Xi Jinping — a sign he may be backing down from his tough stance on Beijing amid market volatility. After complaining that the Fed was not cutting interest rates quickly enough, Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:01:03 – Trump: No Intention to Fire Fed Chair Powell
00:05:15 – Trump Tariffs: Musk Says He Wants Lower Tariffs
00:06:42 – SAP Profits Surge
00:09:28 – European Inflation
00:10:44 – France Snap Election Talks
00:11:26 – Pope Francis Funeral Saturday
00:16:03 – US Treasuries Yield Higher
00:17:23 – BlackRock on Exposure to Healthcare Stocks
00:25:16 – Trump Tariffs: Akzo Nobel CEO on Sector Impact
00:33:57 – Dollar Rallies Most in 2-Weeks
00:47:06 – Stocks to Watch: SAP, Volvo, Reckitt
01:11:00 – Tesla Earnings Surprise
01:12:53 – German PMIs
01:22:29 – SAP Stock Rises Most Since 2019
01:26:50 – Trump Tariffs: Tech Stocks
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Business
Silicon Valley’s race to arm America’s military#shorts #military #siliconvalley #startup
A more dangerous world is pushing the Pentagon and Silicon Valley closer together, creating a new boom in defense and space technologies. Wall Street Week takes a look into the startup race to reimagine America’s military https://bloom.bg/4xRrNq0
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Business
Moderna Surges as Stocks Rise & Long-Term Yields Retreat | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Emily Graffeo.
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Paramount Skydance is threatening to leave California amid a dispute over its merger with Warner Bros, but Attorney General Rob Bonta says the state won’t be pressured into backing down. “I want them to stay,” Bonta says, while defending California’s antitrust enforcement, and its responsibility to protect consumers
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Business
US-Canada Rupture Is a Lesson in Poor Leadership Says Mukunda
Trade talks between the US and Canada broke down at the last minute late last month, resulting in tariffs and an executive order renaming Lake Ontario to Lake America. The breakdown was due to nobody on the American side being able to say who had the authority to make a deal stick, as officials pursued incompatible policies. Gautam Mukunda Bloomberg Opinion Columnist and Yale School of Management Lecturer joins to discuss.
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Business
Breaking Down China’s Banking System
Grace Wu, head of Greater China bank ratings at Fitch Ratings, discusses China’s banking sector and the support the sector gets from the government. She speaks on Bloomberg Television.
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