Bloomberg Talks

Treasury Secretary Scott Bessent sought to calm investors’ various concerns on topics including tariff policy, the recent selloff in Treasuries and questions over Fed independence. Bessent spoke to Bloomberg's Annmarie Hordern. 

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Wells Fargo CFO Mike Santomassimo says risk is rising because of President Donald Trump's tariffs and the uncertainty around his policies. But Santomassimo says consumers are still spending. The bank's first-quarter net interest income missed analyst estimates. Santomassimo speaks with Bloomberg's Scarlet Fu and Matt Miller

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US Energy Secretary Chris Wright says he is “quite optimistic about where we’re going” on President Donald Trump’s tariff policy. Wright also discusses economic concerns from tariffs weighing on oil demand and sees “strong growth” ahead for US energy production. He speaks with Bloomberg's Jonathan Ferro and Annmarie Hordern

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US Deputy Treasury Secretary Michael Faulkender says President Donald Trump is looking for China to pull back on its tariff retaliation and come to the table and work out a new trade deal. Faulkender also talks about the need to pass Trump's proposed tax cuts and how the Department of Government Efficiency is identifying ways to cut discretionary spending. He speaks on to Bloomberg's Sonali Basak, Katie Griefeld and Matt Miller.

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Former Head of the British Secret Intelligence Service Richard Dearlove discusses the security and intelligence risks China poses and how Britain and other nations should respond to the US-China trade war. He joined Stephen Carroll on Bloomberg Daybreak Europe.

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Kyle Bass said the US may need to undergo a recession as it reorders its global trade ties and attempts to rein in the federal deficit. 
”We have to make some difficult choices,” the Dallas-based investor said in an interview on Bloomberg Television. “Both of those things might be slightly recessionary, and if that’s true, we might have to go to a brief recession in order to rebuild our foundation.”
President Donald Trump’s moves to drastically increase trade levies sent equity valuations plunging and US yields soaring before Trump put in a 90-day pause. There still remain increased duties on major trading partners while the administration has ratcheted up the US tariff on goods from China to at least 145% — a result of a 125% rate that includes “reciprocal” duties and a 20% rate imposed by Trump earlier this year over fentanyl trafficking.

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San Francisco Mayor Daniel Lurie explains his work with the private sector to use private capital to revitalize downtown San Francisco. Lurie addressed the impact of tariffs, federal funding and his strategy to grow the technology sector in the city of San Francisco. He speaks with Ed Ludlow on Bloomberg Technology.

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David Kelly, chief global strategist at JPMorgan Asset Management, says this is "the calm before the inflation storm." Kelly says he expects an economic slowdown. “What we’re seeing is a lot of softness in the travel industry, which I think is going to get worse over the course of this year.” He is joined by Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern.

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Torsten Slok, Chief Economist at Apollo, talks about the US economic outlook following extreme market gyrations from President Trump’s tariff reversal. He is joined by Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern.

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Air France CEO Ben Smith responds to Delta pulling full-year financial outlook due to tariff uncertainty and how Air France is managing the uncertainty surrounding global trade. Smith spoke with Bloomberg's Matt Miller, Katie Greifeld and Sonali Basak.

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