The stampede from global equities gathered momentum Monday and investors piled into haven assets as the fallout from US President Donald Trump’s tariffs deepened. European stocks tumbled on Monday morning, approaching a bear market. President Trump and his economic team dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil and defiantly insisting a boom is on the horizon. Trump, speaking Sunday on Air Force One, struck a determined tone and repeatedly defended the tariff barrage unveiled last week. He also drew something of a line in the sand, saying he wouldn’t strike deals to cut the highest tariffs unless they eliminate the US trade deficit with that country.
Today’s guests: Lucy Baldwin, Citi; Morris Reid, Actum; David O’Sullivan, EU Sanctions Envoy; Ian Livingstone, Hiro Capital
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"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 with Francine Lacqua
00:01:35 – Trump rejects market rout fears
00:03:23 – Lucy Baldwin, Citi
00:06:19 – Morris Reid, Actum
00:16:49 – EU weighs up tariffs countermeasures
00:19:13 – David O’Sullivan, EU Sanctions Envoy
00:25:18 – Headlines
00:26:18 – China weighs frontloading stimulus
00:32:05 – Ian Livingstone, Hiro Capital
00:39:00 – Roubini warns of full-blown trade war
00:42:05 – Market sentiment crumbles amid tariffs
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