>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ.JOE: DEADLINE DATE IS UPON US. WELCOME TO THE THURSDAY EDITION OF "BALANCE OF POWER" AS WE COUNTDOWN TO RECIPROCAL TARIFFS THREATENED BY THE TRUMP ADMINISTRATION SET TO TAKE EFFECT AT MIDNIGHT. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ.THANKS FOR BEING WITH US ON BLOOMBERG TV AND RADIO. AS WE COUNTDOWN TO MIDNIGHT TAKING EFFECT, WE GET MORE DEALS OR IT IS ALL WE HAVE AS THE PRESIDENT MAKES IF YOU POSTS ABOUT CANADA AN ...

Commerce Secretary Howard Lutnick said the US had reached trade agreements with Cambodia and Thailand, days after the Southeast Asian neighbors agreed to a ceasefire at Trump’s urging https://t.co/graTK1XPK4 ...

US Economic Policy & Federal Reserve - The meeting between President Trump and Fed Chairman Jerome Powell at the Federal Reserve was a rare occurrence, highlighting the ongoing pressure from the White House on the Fed [4][6][7][8] - President Trump criticized the Federal Reserve's building renovations, claiming the cost had risen from 2.7% to 3.1% billion, which Powell fact-checked in real time [1][2][9] - The President's team has been focusing on the Federal Reserve renovation budget overruns, which started in 2017, as a line of attack [9] - There's a shift in the administration's messaging, with less emphasis on firing Jerome Powell and more focus on his successor, potentially indicating a more sober approach [12][14] Trade Agreements & Economic Data - The US administration aims to finalize trade agreements with the EU and India before the August 1st deadline [16][17] - Key economic data, including GDP and jobs data, will be released next week, providing insights into the impact of the trade war on the US economy [18] - The political fallout from the trade war and the reaction to the President's strategic approach are being closely monitored [19][20]

>> THIS IS "BALANCE OF POWER." LIVE FROM WASHINGTON, D. C. JOE: FROM BLOOMBERG'S WASHINGTON TV STUDIOS TO OUR WORLD RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER." ALONGSIDE TYLER KENDALL, I'M JOINED MATT -- JOE MATHIEU.THE PRESIDENT OPTIMISTIC ON HIS QUEST FOR TRADE DEALS. >> WE ARE CLOSE TO FINISHING THE TRADE DEAL. WE DO A LOT OF BUSINESS WITH YOU, IT IS A LOT OF INCOME COMING IN FOR BOTH GROUPS.JOE: THE DEVELOPMENT FROM THE WHITE HOUSE TONIGHT AFTER THE PRESIDENT'S SIT DOWN WITH THE PHILIPPINE ...

Investment Rating - The report indicates a tactical escalation in tariffs, with the overall effective tariff rate expected to rise to 21-22%, which may lead to stagflationary shocks and increased recession probabilities [57]. Core Insights - Tariffs are being used as a tool for negotiation, with the US administration focused on reducing goods trade deficits while not perceiving substantial risks from tariff escalations [57]. - The weighted average tariff rate on Asia could rise to 27% and above, but it is anticipated that most large economies in Asia will reach trade agreements before August 1 [57][11]. - The implications for the copper market are significant, with a 50% tariff on copper expected to negatively impact LME copper while benefiting COMEX copper [57][27]. - The US economy may experience a stagflationary shock due to the announced tariffs, with inflation expected to remain above 2% for an extended period [57]. Summary by Sections Tariff Implications - The report highlights that the US is exploring its negotiating space through tactical tariff escalations, with current levels remaining below earlier fears [57]. - The potential for tariffs to rise on select sectors, particularly semiconductors and pharmaceuticals, remains a concern [16][57]. Trade Negotiations - Current trade negotiations involve several countries, with key issues such as agricultural access and tariff reductions on automobiles still unresolved [15][57]. - The report suggests that if agreements are not reached by the deadline, tactical tariff increases may occur, impacting trade dynamics [16][57]. Economic Outlook - The report anticipates a slowdown in capital goods imports and exports over the next 2-3 months, indicating potential economic drag [17]. - The report emphasizes the importance of monitoring Asia's export price index for signs of tariff burden sharing and its effect on corporate profit margins [19][57].

The EU is looking to deepen trade agreements with India and other countries in the Asia-Pacific region as the bloc braces for US tariffs, a top official said https://t.co/xZ9Y7uoY4I ...

Company Overview - Virtus Investment Partners (VRTS) shares increased by 6.3% to close at $200.71, with notable trading volume exceeding typical levels [1] - The stock has gained 10.5% over the past four weeks, indicating positive momentum [1] Market Sentiment - Broader market optimism regarding potential trade agreements and expectations of earlier interest rate cuts by the Federal Reserve has positively influenced investor sentiment towards finance stocks [2] - Investors are seeking better investment options for higher yields, which is expected to lead to inflows for asset managers, positively impacting their revenues [2] Earnings Expectations - Virtus is projected to report quarterly earnings of $6.17 per share, reflecting a year-over-year decline of 5.5% [3] - Expected revenues for the upcoming quarter are $188.7 million, down 7.1% from the same quarter last year [3] Earnings Estimate Trends - The consensus EPS estimate for Virtus has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook [4] Industry Comparison - Virtus operates within the Zacks Financial - Investment Management industry, where SEI Investments (SEIC) also holds a Zacks Rank of 2 (Buy) and has seen a 7.7% return over the past month [4][5] - SEI's consensus EPS estimate has increased by 2.9% over the past month, reflecting a year-over-year change of 9.5% [5]

China firmly opposes any countries reaching trade agreements with the US that would sacrifice Chinese interests in exchange for tariff relief, the Ministry of Commerce said https://t.co/o8eNFvRE8l ...