US President Donald Trumped stepped up his attacks on the chair of the Federal Reserve, repeating calls for Jerome Powell to cut interest rates immediately. In his latest social media post, the President said Powell would be responsible for any economic slowdown. US stocks are set to bounce back from Monday’s losses, amid concerns over potential changes to the Fed, as investors weigh progress on trade talks with India and Tesla’s upcoming earnings.
Meanwhile, tributes continue to pour in from world leaders after Pope Francis passed away on Monday at the age of 88. Pope Francis’s funeral has been set for Saturday at 10am CET. President Trump says he and the First Lady will attend the pope’s funeral.
Today’s guests: Bhanu Baweja, UBS Investment Bank, Chief Strategist; John Studzinksi, PIMCO Vice Chairman & Megan Greene, Bank of England Monetary Policy Committee Member (Source: Bloomberg)
Publicat el April 22, 2025 a les 12:35
Pimco Vice Chairman Remembers Pope Francis’ ‘Great Sense of Humour, Humility & Humanity’
Tributes continue to pour in from world leaders after Pope Francis passed away on Monday at the age of 88. Pope Francis’s funeral has been set for Saturday at 10am CET. President Trump says he and the First Lady will attend the pope’s funeral. Meanwhile, Cardinals will gather soon in Rome to elect a successor.
John Studzinski, Vice-Chairman of PIMCO and founder of the charities: the Arise Foundation and the Genesis Foundation, knew the late Pope and spoke to Bloomberg’s Francine Lacqua about the pontiff’s legacy. (Source: Bloomberg)
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Publicat el April 22, 2025 a les 12:33
Barrick to Sell Alaska Gold Stake to John Paulson, Novagold
Barrick Gold Corp. is exiting an Alaskan mining project by selling its 50% stake to billionaire John Paulson and Novagold Resources Inc. for $1 billion.
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Publicat el April 22, 2025 a les 12:33
Fragility Not Yet Washed Out of Markets: RBC’s Calvasina
Lori Calvasina, head of equity strategy at RBC Capital Markets, says that the market is “clinging to some hope” that a big crisis and recession can be avoided.
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Publicat el April 22, 2025 a les 12:33
Elevance Sees Lower-Than-Expected Medical Costs in Positive Sign
Elevance Health Inc. spent less money on medical care than analysts expected in the first quarter, easing investor concerns after UnitedHealth Group Inc. reported ballooning costs.
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Publicat el April 22, 2025 a les 12:33
US Earnings to Offer Clues on How Much Tariffs Will Boost Prices
With profit margins close to record levels, Corporate America has some room to absorb costs from higher tariffs. How much it decides to cushion the blow will determine how high inflation goes in 2025.
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Publicat el April 22, 2025 a les 12:33
Evergrande Ex-CEO Must Disclose Assets, Hong Kong Court Rules
A Hong Kong judge ordered former China Evergrande Group CEO Xia Haijun to comply with a court order to disclose his assets, as liquidators continue their efforts to recover billions of dollars from the company.
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Publicat el April 22, 2025 a les 12:33
Strategist Who Called End of US Exceptionalism Sees No Recovery
Global investors’ rotation out of American assets will go on for years if President Donald Trump persists with his trade policy, according to a strategist who timed the unwind of US exceptionalism almost perfectly.
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Publicat el April 22, 2025 a les 12:33
Trump Tariffs: ‘Sell America’ Becomes Real Trump Trade | The Opening Trade 04/22
Trump’s renewed tirades against the Federal Reserve, including the most explicit threats yet to fire Chair Jerome Powell, only amplified the shockwaves from his declaration of trade war on various countries Trump has rattled Wall Street by repeatedly criticizing Powell and suggesting he had the ability to remove the Fed Chair before the end of his term. Gold extended a blistering rally to rise above $3,500 an ounce for the first time, as concern on Powell triggered a flight from US stocks, bonds and the dollar.
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 Lizzy Burden. (Source: Bloomberg)
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Publicat el April 22, 2025 a les 12:33
Treasuries Extend Drop as Investors Turn to Europe’s Haven Bonds
Treasuries slipped to extend this week’s selloff, diverging with gains in European bonds, as investors stayed cautious on US assets due to Donald Trump’s combative stance toward the Federal Reserve.
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Publicat el April 22, 2025 a les 12:33