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President Trump announces trade deal with Vietnam
CNBC Television· 2025-07-02 15:43
there on Bank of America Erika Najarian thank you for weighing in. We are getting more details here on the trade deal that the president just announced with Vietnam. Eamon Javers joins us from the white House Eamon with some new tariff rates.>> Yeah Sarah that's right. This is the first trade deal that we've seen since that deal with the UK. And the president putting out some more details here on social media just in the past couple of minutes.He says the terms are that Vietnam will pay a 20% tariff on any ...
Bessent Advisor Says Tariffs Could Bring in $300 Billion
Bloomberg Television· 2025-07-02 13:20
When I speak to individuals that are sitting on the other side of the US Trade Representative or Treasury Secretary Scott Bassett, they say that they have been told and given assurances by this administration that if they are in good faith negotiations that that deadline can be pushed back. Is that your understanding. Well, that's what Secretary business said.And Secretary Lutnick recently said, about 10 to 12 countries are very close to a deal. There's about another 20 that are also negotiating in good fai ...
X @Bloomberg
Bloomberg· 2025-07-02 10:42
The trade truce between Washington and Beijing may be holding for now, but China is increasingly wary about what’s happening elsewhere: US efforts to forge deals that could isolate Chinese firms from global supply chains. https://t.co/QPKJuMsRCR ...
ECB's Centeno on Inflation, Interest Rates, Euro Exchange Rate, Trade
Bloomberg Television· 2025-07-02 08:29
Monetary Policy & Inflation - ECB Governing Council member Mario Centeno indicates policymakers remain cautious despite inflation reaching the 2% target [1] - The ECB is not in a hurry to further reduce borrowing costs [1] Euro & Trade - Discussion includes the euro exchange rate and the importance of a potential trade deal [1] - Topics covered: profile for investment in the euro-area, uncertainty, and trade deals [1] - Mentions the euro as a global reserve currency and a stronger fiscal union [1] Economic Outlook - Discussion of the euro-area neutral rate, growth, and the labor market [1]
X @Bloomberg
Bloomberg· 2025-07-02 02:47
🎙 President Trump's ongoing trade war has created significant turmoil for American businesses with ties to China.On today’s Big Take Asia Podcast: How one toymaker is fighting back ⤵ https://t.co/Q5GGyHLrgz ...
X @Bloomberg
Bloomberg· 2025-07-01 00:20
South Korea’s exports rebounded in June, providing a brief boost to the trade-dependent economy https://t.co/OYqMaFSKDI ...
S&P 500 rises to new record to wrap up second-quarter comeback
NBC News· 2025-06-30 22:30
Let's talk about the stock market today, hitting another record, wrapping up a big comeback in the second quarter for stocks this year. Look at this. The S&P at an all-time high.Same for the NASDAQ, by the way. Both indices ending the quarter with double digit gains. So, hey, not bad for your 401k or whatever you're invested in.The market seem to be liking some good news on trade with Canada scrapping this tax that it had planned on US tech companies. It was supposed to go into effect today. It's not.That's ...
'Fast Money' traders recap Q2 and the first half of 2025
CNBC Television· 2025-06-30 22:02
Market Performance & Sentiment - The first half of the year saw an extraordinary market bounce from the April lows, with significant intra-quarter swings [1][2][3] - Sentiment change was notable, with Meta up almost 30% and JP Morgan up almost 20% [2] - The NASDAQ is on the verge of making a new relative high against the S&P, a key indicator for market players [7] - The S&P and NASDAQ made brief new highs, closing the first half near all-time highs with a VIX below 17 [8][9] Economic Factors & Risks - The first half of the year was one of the worst for the US dollar since the 1970s, with a nearly 7% move lower in the dollar index during Q2 [5] - A weaker dollar is beneficial for multinationals and the big tech trade [9] - The Fed lowered its growth target for the US for the second half of the year [10] - There is confusion regarding the Fed's next move, with scenarios for both lowering and maintaining interest rates [11][12] Sector Performance & Concerns - The reemergence of big tech companies has been a significant driver [6] - While tech may continue to drive the market higher, caution is advised due to potential shifts in the dollar or crude oil prices [9] - Energy, materials, home builders, retail, and pharma sectors are underperforming, indicating a lack of broad-based rally [9][10]
Trump Tax Bill Held Back by GOP Infighting
Bloomberg Television· 2025-06-30 20:39
Obviously now we've lost two votes. You'll have Rand Paul and you'll have Senator Tillis. But because of some of the concessions that have been made to various senators like Susan Collins, Lisa murkowski, Ron Johnson, he'll fight till the end in regards to some of the budget issues.I don't think that this is really there's an option to fail. So I think this is going to be ugly the next from now until Wednesday. But I think it will definitely so presumably vote a rama goes, like Jack said, into the night.May ...
Trump Ends Trade Talks With Canada, Threatens to Set Tariff #politics
Bloomberg Television· 2025-06-30 20:21
Canada. I put a charge on some of our companies and Canada's been a very difficult country to deal with uh over the years. Uh you know, we hear Canada, we have a great relationship with the people of Canada, but it's been very difficult and they put a charge and they were a little bit early.We found out about it. So, and we have all the cards. We have all every single one.We don't want to do anything bad, but uh they have uh economically we have such power over Canada. I'd rather not use it. But they did so ...