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Market Selloff on Trade Turmoil Continues; Trump Holds Firm on Tariffs | Bloomberg Brief 04/07/2025

DeFi Daily News by DeFi Daily News
April 7, 2025
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Market Selloff on Trade Turmoil Continues; Trump Holds Firm on Tariffs | Bloomberg Brief 04/07/2025
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Stocks around the world sell off as President Trump and his closest advisors insisted that tariffs wouldn’t budge until financial deficits with trading partners came down. Oil plunges further on Aramco slashing its Arab light crude prices. A pullback from the White House or some commentary from the Fed may give the market some relief from the turmoil, says Iain Stealey of JPMorgan. Alastair Pinder from HSBC doesn’t see much pricing power among US corporates in the face of tariffs. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

Chapters:
00:00:01 – Intro
00:10:00 – Trending on the Terminal
00:11:47 – Iain Stealey, JPMorgan Chase Bank Fixed Income CIO
00:18:13 – Front Page News
00:25:22 – Alastair Pinder, HSBC Global Equity Strategist
00:31:20 – Trending on the Terminal
00:41:13 – What to Watch
——–
More on Bloomberg Television and Markets

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Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

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Tags: Alastair PinderBloombergChinaContinuesDani BurgerDave & Buster'sDonald TrumpEconomic Club of New Yorkelon muskEuropean UnionFirmHoldsHSBC Holdings PlcIain StealeyJamie DimonJPMorgan Chase & Co.larry finkMarketoil marketsOPECrate cutsSellOffShigeru IshibaStock Market Outlookstock market sellofftariffsTIKTOKtradeTrumpTurmoil
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