Michael GAPEN, the Chief Economist at Morgan Stanley USA, shared insights on the inflation outlook for the USA based on the tariff policies of the Trump administration during "Bloomberg The Close."
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President Trump stated that he would purchase new Tesla cars to support Elon Musk. This comes as the company's stock recorded its largest drop in four years (down 15.43% on the 10th) amid increasing backlash regarding Musk's political stance.
Meanwhile, Ben Callow, a senior research Analyst at Baird, maintains a bearish view on Tesla stock in the short term.
Meanwhile, Ben Callow, a senior research Analyst at Baird, maintains a bearish view on Tesla stock in the short term.
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Mr. Snaina Singh, head of Global Private Capital Advisory at Raymond James, discussed the market outlook considering the potential of tariffs alongside Romain Bostic and Alix Steel.
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Jordan Klein, Managing Director and TMT Sector Specialist at Mizuho, stated that competition with China is driving investments in the AI field, leading companies to choose to invest more in AI.
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Representative TIM Burchett (Republican) from Tennessee spoke about the details of his meeting with President Trump and his views on the operations DOGE is conducting for the government. Representative Burchett stated he would "vote according to his conscience" regarding the continuing resolution and budget reconciliation bill, expressing his dissatisfaction with Democratic lawmakers.
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Emirates Airline CEO TIM Clark states that after Donald Trump's tariff policy caused a global trade war even with the closest allies, the airline industry is in "uncharted territory." He also adds that demand for the company's services is very strong for the next six months to one year.
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Arm Holdings Plc, a semiconductor company backed by SoftBank, has agreed to provide semiconductor design and technology licensing to Malaysia over the next ten years. This is part of Malaysia's initiative to aim for 1.2 trillion Ringgit (approximately 270 billion dollars) in semiconductor exports by 2030.
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Republican Congressman Darin LaHood from Illinois spoke about how President Trump should describe the achievements made for the American people in his congressional address. Congressman LaHood also mentioned how Congress can support the President's policy initiatives, his views on President Trump's tariff policies regarding Canada, China, and Mexico, and the latest status of tax cuts in Congress.
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Christine McDaniel (Senior Research Fellow at the Mercatus Center) pointed out that if the USA imposes tariffs on Canada and Mexico, American consumers will feel the increase in the prices of Technology products.
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Mr. Joseph Lavolna (Chief American Economist at SMBC Nikko Securities and former Chief Economist of the White House Council of Economic Advisers) referred to President Trump's announcement that tariffs of 25% would be applied to Mexico and Canada starting on the 4th (Tuesday), and explained its economic impact.
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