US equity futures dip as uncertainty lingers ahead of President Trump’s Rose Garden announcement of his latest package of tariffs. The President is also planning a final proposal for divesting TikTok’s US operations from its Chinese parent company ByteDance ahead of a sale deadline. Walmart pushes suppliers to keep costs down despite impending levies. "Vibes need to match the data," says TD Bank’s Mark McCormick, commenting on deteriorating sentiment. PIIE President Adam Posen calls tariffs an inefficient form of consumption tax, which may cost American families up to $1500 per year.“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
Chapters:
00:00:01 – Intro
00:01:04 – First Look Movers
00:07:48 – Mark McCormick, TD Bank Global Head of FX & EM Strategy
00:16:17 – Trending on the Terminal
00:20:29 – Front Page News
00:27:51 – Adam Posen, Peterson Institute for International Economics
00:42:27 – What to Watch
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