Trump-Putin to Meet, New Zealand Trade Talk Hopes | Bloomberg Businessweek Daily 8/14/2025

Geopolitics and Macroeconomics - President Trump expressed optimism about potential peace deals between Russia and Ukraine, suggesting a second meeting with European leaders [39][40][41] - The report highlights the unpredictable policy decisions of the White House and their implications for investors [42] - New Zealand aims to be a beacon of stability, emphasizing rules-based trade and declining interest rates [43] - New Zealand faces a 15% tariff rate due to a small trade surplus with the U S, preferring a lower 10% rate [49] Market and Economic Indicators - PPI (Producer Price Index) data came in hotter than expected, raising concerns about potential upward pressure on inflation [3][21][22][38] - The market is pricing in a 97% expectation of a rate cut, but the timing and pace of Federal Reserve cuts are uncertain due to inflation data [22][26] - The report mentions a 52% magnitude earthquake 132 kilometers southwest of Alaska [14] - The Dow declined 02%, the NASDAQ was down 24 points, and gold was down $18 per ounce, a drop of 05% [17] - Bitcoin tumbled 45% [18] Company Specific News - Tapestry (parent company of Coach and Kate Spade) is plunging 14% due to a missed annual outlook for key profit and greater than expected headwinds from tariffs [18][83] - Miami International and MIAX (exchange operator) was up by 33% on its first day out [19] - Deere trimmed its net income forecast for the full year, leading to a 6% drop in stock price [81] - AXIS Capital Holdings is using AI to bring innovation and insights through data recognition to its policyholders [66][69]