About this episode
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 12th, 2025 Featuring: 1) Mark Zandi, Chief Economist at Moody's, Adam Posen, President of the Petersen Institute for International Economics, and Brij Khurana, Fixed Income Portfolio Manager at Wellington Management, react to today's CPI reading and discuss how inflation and tariffs could continue to impact markets. 2) David Sowerby, Portfolio Manager at Ancora Advisors, offers his outlook on equities and the S&P 500 and whether markets will soon see a rebound. Goldman Sachs strategists lowered their year-end target for the S&P 500 Index to 6,200 from 6,500, citing reduced GDP growth forecasts and higher uncertainty. Goldman joins other banks in expressing concerns over economic growth amid geopolitical uncertainties, and recommends owning stocks insulated from market volatility or trading at discounted valuations. 3) Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, brings us into the market open and discusses the importance of staying steadfast amid headline risks. Market forecasters at banks including JPMorgan Chase & Co., Goldman Sachs, and RBC Capital Markets have tempered bullish calls for 2025 amid a US-led trade war. 4) Leland Miller, CEO at China Beige Book, talks about how tariffs are affecting markets and why it's important to closely follow tariffs on China. President Donald Trump's 25% tariffs on steel and aluminum imports took effect, triggering an immediate response from the European Union and sparking a new phase in the global trade war. The tariffs apply worldwide, with effects on economic rivals and close US allies, and have sparked reactions from countries including China, the UK, and Australia, with the EU launching "swift and proportionate countermeasures" on US imports. See omnystudio.com/listener for privacy information.