Futures climb as signs of progress in trade negotiations added to the upbeat sentiment that pushed the S&P 500 to a record high at the end of last week. Get market insight on Bloomberg Surveillance. @tomkeene @ptsweeney @LisaMateoTV are LIVE on YouTube. https://t.co/m9IglISGoz ...

US-China Trade Negotiations - Treasury Secretary suggests the Trump administration is willing to extend the deadline for trade negotiations if progress is being made [2][3][4] - The definition of "good faith" negotiations remains subjective and the specifics of any deadline extension are unclear [3][4] Semiconductor and Rare Earths - The Treasury Secretary denies any quid pro quo arrangement involving chips for rare earths [6] - The administration is not explicitly ruling out the possibility of lowering export standards for sophisticated chips [6] - There is no current deal in place to ease restrictions on selling chips to the Chinese government [7]

Joining us now is former Kansas City Fed President Esther George. Uh, welcome, Esther. Before we get to uh the the tariff stuff, I want to ask about this shadow Fed chair concept.So, I if President Trump names his choice for the next Fed chief early, what are the chances that blunts the influence of Chair Powell and the current Fed's ability to influence investor expectations. Yeah, well, good afternoon, John. I think um it it may complicate communications.It may take uh create more confusion uh at some lev ...

Well, Brendan, you've been covering these negotiations closely over the past few months as tensions between the US and China have escalated and deescalated. How has that ticking clock played into these talks this week in London. Well, the focus for the past couple weeks for the Trump administration has really been on China.It's been almost exactly a month since they emerged from talks in Geneva, Switzerland. But what's happened in the meantime is China has shown the world how much leverage it has. China con ...

Financial Data and Key Metrics Changes - The company reported Healthcare revenue of $371 million, reflecting a 10% growth on a constant currency basis, with operating margin expanding by 750 basis points [9][19] - Non-GAAP earnings per share (EPS) was $1.36, representing a 56% increase compared to the previous year [20] - The gross margin improved to 63.1%, an increase of 80 basis points year over year, while operating margin reached 28.8%, up 750 basis points year over year [20] Business Line Data and Key Metrics Changes - Consumable and service revenue grew by 8%, while capital equipment and other revenue surged by 32% [19] - The company shipped over 72,000 technology boards and monitors during the quarter, exceeding expectations due to strong core business performance [19] Market Data and Key Metrics Changes - The company anticipates revenue for fiscal 2025 to remain unchanged at a range of $1.5 billion to $1.53 billion, indicating an 8% to 11% constant currency growth compared to the prior year [21] - The impact of tariffs is projected to affect operating margins by 210 to 250 basis points and EPS by $0.45 to $0.50 [22][23] Company Strategy and Development Direction - The company aims to invest in its core Healthcare business to accelerate revenue growth beyond the long-standing target of 7% to 10% [13] - Plans include upgrading existing sensors and creating next-generation monitors with AI-based algorithms, leveraging leadership in pulse oximetry, and restructuring sales forces to be regionally focused [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong performance and ability to navigate macro uncertainties, highlighting the high recurring revenue and durable growth profile [16] - The CEO emphasized the commitment to innovation and the potential for improvement in commercial excellence [8][9] Other Important Information - The company announced the divestiture of its Consumer Audio business, Sound United, to refocus on its Professional Healthcare business [10][11] - A new Chief Human Resources Officer, Lisa Hellman, has joined the company to enhance culture and talent development [11] Q&A Session Summary Question: Impact of large tender on revenues and margins - Management clarified that excluding the large tender, the rest of the business is performing well, with double-digit growth in consumables and services [31][32] Question: Future sales expectations - Management indicated that Q2 is typically flat to slightly down sequentially, but they expect to maintain strong demand [35] Question: Long-term impact of tariffs on operating margins - Management remains optimistic about underlying business performance and expects to mitigate tariff impacts through various plans [45] Question: Valuation from the sale of Sound United - Management confirmed that the sale price was in line with expectations and that proceeds will primarily be used for share repurchases [49] Question: Hospital CapEx spending and OEM partners - Management noted strong underlying demand and low dependency on capital equipment, indicating no signs of softness in the market [54] Question: Mitigation options for tariffs - Management is evaluating near-term and long-term mitigation strategies, including altering product sourcing and pricing opportunities [59][60] Question: Changes in salesforce model - Management explained the shift to a generalist salesforce model to leverage broader knowledge across product categories, aiming for increased efficiency [88][89]