Latest news with #NeilDutta
Bloomberg
3 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Jobs and Markets (Podcast
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney June 5th, 2025 Featuring: 1) Neil Dutta, Head: US Economic Research at Renaissance Macro, joins for an extended discussion on labor market strength and whether we are on the cusp of a breaking of US labor. Friday's jobs report is expected to show slowed growth in nonfarm payrolls and a steady unemployment rate, with traders awaiting fresh data on the US economy. 2) Vishy Tirupattur, Chief Fixed Income Strategist at Morgan Stanley, joins to discuss bond market warnings and reacts to jobless claims. A series of poorly received sovereign bond auctions worldwide has raised questions about investors' willingness to fund government spending plans. Recent auctions in Japan, Australia, and South Korea have shown weak demand, and investors are demanding more compensation to hold long-dated bonds due to growing anxiety about fiscal deficits. 3) Julia Coronado, President and founder of Macropolicy Perspectives, joins to talk about the June FOMC meeting and whether there'll be more Fed cuts than is being priced in. A trend of higher global yields is a warning sign from investors that governments cannot keep borrowing at the pace they did when interest rates were close to zero. 4) Neale Richmond, Ireland's Minister of State for Diaspora and International Development, on how the EU is negotiating with the US on tariffs. It comes as the EU's power to impose retaliatory tariffs on US goods and services received a legal boost from an adviser to the EU's top court. 5) Romi Savova, CEO at PensionBee, discusses bringing efficiency to the retirement systems in the US and abroad and how money managers can better position people to retire.
Bloomberg
11-04-2025
- Business
- Bloomberg
Lots More on Why Neil Dutta Is Sticking With His Recession Call
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter On Wednesday, President Trump put a 90-day pause on reciprocal tariffs for every country except China. The market, which had been in a state of deep panic, surged massively on the announcement. But then on Thursday, stocks sold off hard again as people woke up to the reality of massive tariffs on China and the new baseline tariffs on everyone else. Plus, even before all this tariff drama, there were plenty of reasons to be anxious about the US economy. On this episode of Lots More, we speak with Neil Dutta of Renaissance Macro Research. He explains all the moving parts and why he's sticking with his call for a downturn this year.
Yahoo
10-04-2025
- Business
- Yahoo
The stock market turmoil isn't over despite Trump's 90-day tariff delay
The markets are reeling once again—less than 24 hours after the S&P 500 had its best single day rally since 2008, as investors cheered President Trump's 90-day tariff delay. The White House confirmed on Thursday morning that the total amount of tariffs on China will now be 145% when accounting for the previous 20% duties already in place. The news came as a surprise to the market as President Trump had posted on Truth Social on Wednesday that the tariff rate charged to China would be 125%. Stocks hit their lows of the session on the news. The S&P 500 (GSPC) dropped over 3.9%, while the tech-heavy Nasdaq Composite (IXIC) tumbled 4.5%. The Dow Jones Industrial Average (^DJI) fell over 1,300 points, or more than 3%. The reversal in markets reflects how many Wall Street strategists and economists are talking about the current state of play. On Wednesday, Trump removed the worst case scenario for investors worried about tariffs slowing economic growth. But that move could just be temporary. It's only a "90-day pause." And as Thursday's quick shift in the tariff rate reminds investors, all that uncertainty around Trump's fiscal policy isn't going anywhere. "I still think this is more "sell the rip" than "buy the dip" [in stocks] — lots of problems continue but it is nice to see the President backing off and focusing on China," Renaissance Macro head of economics Neil Dutta wrote in a note during Wednesday's rally. "The issue is prolonged uncertainty." Economists like Dutta are still discussing the US entering recession later this year. Economic growth data has slowed to start 2025, and the fear of businesses investing less as they wait to hear more information on tariffs still remains, casting a shadow over the outlook for stocks. "Overall, we're kind of still where we were," Brent Schutte, Northwestern Mutual Wealth Management Company CIO told Yahoo Finance on Thursday. "Certainly some of the tension has come off the boil, but there's still a lot of uncertainty out there. And to me, uncertainty means that people are more indecisive, CEOs and consumers alike. And that is the risk going forward in the next 90 days." This means the outlook for publicly traded companies is likely still murky. Strategists don't believe the upcoming round of first quarter financial reports, which begins with large banks like JPMorgan (JPM) on Friday, will change that picture much. "One of the big concerns we have at the moment is that the upcoming reporting season seems a little bit like a box of (potentially bittersweet) chocolates to us - we aren't sure what we're going to get," RBC Capital Markets head of US equity strategy Lori Calvasina wrote in a note to clients on Thursday morning. Calvasina added that "ultimately stabilization in US equities will require stabilization and visibility into the earnings outlook." Zooming out, even after one of the best days in market history, the major indexes are still down on the year and well off their all-time highs. The S&P 500 for example is, down 11% this year and has sank more than 15% since its most recent all-time high on Feb. 19. "We expect the road ahead to be bumpy and do not anticipate a quick trip back to new highs," Truist Co-CIO Keith Lerner wrote in a note to clients on Thursday. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
The markets: The tariff turmoil isn't over despite Trump's 90-day delay
The markets are reeling once again—less than 24 hours after the S&P 500 had its best single day rally since 2008, as investors cheered President Trump's 90-day tariff delay. The White House confirmed on Thursday morning that the total amount of tariffs on China will now be 145% when accounting for the previous 20% duties already in place. The news came as a surprise to the market as President Trump had posted on Truth Social on Wednesday that the tariff rate charged to China would be 125%. Stocks hit their lows of the session on the news. The S&P 500 (GSPC) dropped over 3.9%, while the tech-heavy Nasdaq Composite (IXIC) tumbled 4.5%. The Dow Jones Industrial Average (^DJI) fell over 1,300 points, or more than 3%. The reversal in markets reflects how many Wall Street strategists and economists are talking about the current state of play. On Wednesday, Trump removed the worst case scenario for investors worried about tariffs slowing economic growth. But that move could just be temporary. It's only a "90-day pause." And as Thursday's quick shift in the tariff rate reminds investors, all that uncertainty around Trump's fiscal policy isn't going anywhere. "I still think this is more "sell the rip" than "buy the dip" [in stocks] — lots of problems continue but it is nice to see the President backing off and focusing on China," Renaissance Macro head of economics Neil Dutta wrote in a note during Wednesday's rally. "The issue is prolonged uncertainty." Economists like Dutta are still discussing the US entering recession later this year. Economic growth data has slowed to start 2025, and the fear of businesses investing less as they wait to hear more information on tariffs still remains, casting a shadow over the outlook for stocks. "Overall, we're kind of still where we were," Brent Schutte, Northwestern Mutual Wealth Management Company CIO told Yahoo Finance on Thursday. "Certainly some of the tension has come off the boil, but there's still a lot of uncertainty out there. And to me, uncertainty means that people are more indecisive, CEOs and consumers alike. And that is the risk going forward in the next 90 days." This means the outlook for publicly traded companies is likely still murky. Strategists don't believe the upcoming round of first quarter financial reports, which begins with large banks like JPMorgan (JPM) on Friday, will change that picture much. "One of the big concerns we have at the moment is that the upcoming reporting season seems a little bit like a box of (potentially bittersweet) chocolates to us - we aren't sure what we're going to get," RBC Capital Markets head of US equity strategy Lori Calvasina wrote in a note to clients on Thursday morning. Calvasina added that "ultimately stabilization in US equities will require stabilization and visibility into the earnings outlook." Zooming out, even after one of the best days in market history, the major indexes are still down on the year and well off their all-time highs. The S&P 500 for example is, down 11% this year and has sank more than 15% since its most recent all-time high on Feb. 19. "We expect the road ahead to be bumpy and do not anticipate a quick trip back to new highs," Truist Co-CIO Keith Lerner wrote in a note to clients on Thursday. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Sign in to access your portfolio
Bloomberg
04-04-2025
- Business
- Bloomberg
Single Best Idea: Dutta & Moore
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Neil Dutta & Kate Moore. Watch Tom and Paul LIVE every day on YouTube:
