Bloomberg Surveillance7 Heinä 2025

Market Focus Shifts from Taxes to Tariffs

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 7th, 2025
Featuring:
1) Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses her cautious S&P outlook as political and market uncertainty remain front and center. Stocks retreated at the start of the week as US trading partners rushed to finalize trade deals with the Trump administration ahead of a July 9 tariff deadline.
2) Henrietta Treyz, co-founder at Veda Partners, talks about the focus in Washington shifting from taxes to tariffs. Trade tensions are back in view, with President Trump pledging to start issuing unilateral rates to dozens of countries in the coming days, causing uncertainty in the market.
3) Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, talks airlines and Boeing as summer travel gets into full swing. As areas become overly inhabited by tourists, governments are taking measures like taxation, licensing, and promotion of alternative destinations, but so far, these efforts have had limited success in addressing the issue.
4) Brad Rogoff, Global Head of Research at Barclays, joins to talk bank and lending health ahead of earnings season.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Ketchum, Idaho becoming a pricy mountain town and a Financial Times story on Big Food's bet on America's appetite for snacks.

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