This Bloomberg Surveillance podcast episode features an interview with the former Secretary of the Treasury, Scott Bessent, discussing trade talks with China, specifically regarding the NVIDIA deal and its potential implications for national security and revenue generation. Bessent addresses concerns about government control and central planning, emphasizing the administration's focus on secure and fair trade. The conversation shifts to the Federal Reserve, potential rate cuts, and the appointment of Stephen Myrin. Later in the episode, Jeannette Lowe from Strategas discusses the likelihood of Myrin's confirmation and concerns about the accuracy of data with the new BLS appointee. Liz Ann Sonders from Charles Schwab analyzes inflation data, tariff impacts, and equity market adjustments. Finally, Tom Porcelli of PGM provides insights on the labor market, inflation, and the Fed's potential response. The episode concludes with a discussion on potential sanctions and the need for European cooperation.
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