Global Stocks Sell Off as US Tariffs Loom

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 31st, 2025Featuring:1) Neil Dutta, Head: Macro Research at Renaissance Macro Research, joins for an extended discussion on the outlook for the US economy and the incoming impact of tariffs. The risk of tariff-linked damage has propelled the S&P 500 to its worst quarter since 2022, wiping $5 trillion off its value from a Feb. 19 record high.2) Brian Belski, Chief Investment Strategist at BMO Capital Markets, talks about whether it's finally time to give up the bullish take on equities. Wall Street forecasters, including Goldman Sachs' David Kostin, are lowering their S&P 500 targets due to increased recession risk and tariff-related uncertainty. Other strategists, including Morgan Stanley's Michael Wilson and JPMorgan Chase's Mislav Matejka, are also taking a more cautious tone on the S&P 500.3) Henrietta Treyz, co-founder at Veda Partners, discusses DC headlines, tariffs, and taxes. President Donald Trump plans to start his reciprocal tariff push with "all countries". The Trump administration has not yet outlined what tariffs are coming, how they'll be calculated, or what countries will need to do to secure exemptions.4) Kriti Gupta, host on Bloomberg TV and Radio from London, joins for a discussion on the global selloff in markets and Marine Le Pen's possible presidential bid. The far-right leader Le Pen was convicted of embezzlement by a Paris court. Prosecutors previously asked for Le Pen to get an immediate 5-year ban on running for office. Le Pen had denied any wrongdoing and said the prosecution is seeking her “political death.”5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Wall Street Journal article about Costco's Kirkland brand and the Yankees' torpedo-shaped bats.See omnystudio.com/listener for privacy information.

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