About this episode
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 2nd, 2025 Featuring: 1) Jason Furman, Professor of the Practice of Economic Policy at Harvard University, discusses his recent NYT opinion piece on why he believes tariffs are such a terrible idea. The tariffs, which will be announced today, are expected to take immediate effect, with countries able to negotiate to bring rates down. 2) Henrietta Treyz, co-founder at Veda Partners, discusses the Wisconsin Senate race, Republicans holding seats in Florida, and how a potential GOP tax hike could reshape the entire tariff and economic discussion. President Trump's team is finalizing plans for reciprocal tariffs to be unveiled on Wednesday. It comes as Republicans are drafting a tax bill that includes increasing the state and local tax deduction to up to $25,000 for an individual. 3) Nisha Patel, portfolio manager at Parametric, talks about opportunities in munis, tax loss harvesting, and great opportunities in long end yields. Municipal bonds underperformed the U.S. taxable bond market last month. The Bloomberg Municipal Bond Index lost 1.69%, compared with a return of 0.04% for the Bloomberg US Aggregate Index. 4) Peter Tchir, Head: Macro Strategy at Academy Securities, on the problem of "An Eye for an Eye" when it comes to global trade on Liberation Day. The tariff announcement has caused uncertainty, shaking markets and prompting economists to cut growth forecasts, with Trump aiming to raise $700 billion annually in tariff revenue. The tariffs could apply widely, even to countries with which the US doesn't have a trade imbalance. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a New York Times survey on a new survey finds that more Americans can't afford medical care, and the Wall Street Journal's story on the workplace battle over who should pay for Ozempic. See omnystudio.com/listener for privacy information.