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cover of episode Equities Fall in Risk Off Start, New Zealand's 'Golden Visa' Surge

Equities Fall in Risk Off Start, New Zealand's 'Golden Visa' Surge

2025/6/2
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
C
Carol Schleif
D
Doug Krisner
K
Kevin Hassett
S
Stuart Nash
Topics
Doug Krisner: 特朗普政府的关税政策仍然是市场面临的主要风险，尤其是在中美贸易关系反复无常的情况下。我个人认为，预测关税政策对市场和美联储的影响非常困难。更重要的是，我想知道关税是否是导致消费者信心减弱的主要因素。 Carol Schleif: 我认为关税是影响消费者情绪的因素之一，但消费者情绪与实际消费行为之间的关联并不总是直接的。消费者可能会表达担忧，但仍然继续消费。更重要的是关注就业前景，以及企业如何应对关税带来的不确定性。目前，消费者支出和经济状况尚可，但这种平衡非常脆弱。公司正试图通过各种方式来抵消利润压力，但消费者对价格上涨非常敏感，公司需要承担更多的成本。情绪数据与硬数据之间的相关性通常较弱，但贸易关系缓和后，消费者信心有所回升。 Kevin Hassett: 我们期望与习近平主席就贸易谈判进行一次精彩的对话，但我们必须做好准备，以防事态发展不如我们所愿。

Deep Dive

Chapters
This chapter analyzes the impact of tariffs on consumer sentiment and corporate margins. While consumer spending remains robust, concerns exist about margin pressure due to higher prices and the potential for reduced consumer spending in response.
  • Tariffs are a factor in weakening consumer sentiment but not the sole driver.
  • Corporate margins are high but face pressure from tariffs.
  • Companies are trying to offset tariff impact through cost-cutting measures.
  • There's a gap between hard economic data and sentiment data.

Shownotes Transcript

Tariff headlines are once again dominating markets after a legal back-and-forth last week on the status of Trump’s century-high levies. On Friday, President Trump said he would double tariffs on steel and aluminum imports and accused China of violating an agreement with the US to ease levies. We got reaction from Carol Schleif, Chief Market Strategist at BMO Private Wealth.Plus- we go to New Zealand, where demand for 'golden visas' has increased under looser rules. The country has eased its rules in February to attract more foreign investment. We got reaction from Stuart Nash, Former Minister of Economic Development in New Zealand and co-founder of Nash Kelly Global.

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