Treasury Secretary Scott Bessent’s threat to unleash an economic assault against Iran risks setting the US on a collision course with China, its main trading partner.
In markets, global stocks rose as chipmakers rebounded, with falling bond yields adding support after Brent crude slid below $90 a barrel.
And in corporate news, Volkswagen Chief Executive Officer Oliver Blume told workers that roughly half of the carmaker’s additional job cuts will need to happen in Germany, raising the stakes in a restructuring conflict already straining relations with employees.
Today’s guests:
Karen Ward, JPMorgan Asset Management, EMEA Chief Market Strategist; Maria Demertzis, European University Institute, Economic Policy Professor; Adrian Cox, Deutsche Bank Research, Thematic Strategist.
—
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:39 – Bessent: Will block every revenue source to Iran
00:06:16 – Canada to unveil Trump tariff reponse
00:08:56 – Karen Ward, JPMorgan, EMEA Chief Market Strategist
00:15:19 – Andy Burnham plans to lobby Trump on Ukraine
00:20:25 – Bloomberg Intelligence looks at how Hormuz shock will reshape energy markets
00:23:09 – Tuesday headlines
00:23:57 – Maria Demertzis, European University Institute, Professor
00:33:56 – Volkswagen to present restructuring plan to workers
00:36:48 – Grosvenor’s heat warning for London luxury homes
00:40:27 – Adrian Cox, Deutsche Bank, Thematic Strategist
——–
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