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Stocks Sputter Ahead of US-China Trade Talks
3:32
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Bloomberg Television
Stocks Sputter Ahead of US-China Trade Talks
US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods. “80% Tariff on China seems right! Up to Scott B,” Trump said in a social-media post Friday morning, referring to Treasury Secretary Scott Bessent.  “CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!,” he said in a separate post. Bessent and US Trade Representative Jamieson Greer are set to begin talks with Chinese Vice Premier He Lifeng in Switzerland this weekend, the first public discussions between the world’s two largest economies on defusing a trade war that has seen Trump impose 145% levies on China and Beijing retaliate with 125% duties on many American goods. Trump’s comments provided a stark dose of reality to investors who have been anticipating the start of negotiations between the two countries and eager for any sign that the US president will seek an off-ramp to ease a trade war that has roiled equity and bond markets and raised risks of a global downturn. Sarah Ponczek, Senior Vice President of Private Wealth Management with UBS, discusses how trade tensions between the world's two largest economies are impacting her clients that do business in China. Sarah speaks with Paul Sweeney and Jess Menton on Bloomberg Radio. Get more on the Bloomberg Surveillance Podcast: Apple: http://bit.ly/3OPtReI Spotify: http://bit.ly/42xmHPz Anywhere: http://bit.ly/3oOD8ZH -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published May 9, 2025
Stock Movers: Lyft Surges, Pinterest Rises, 1-800-Flowers Shares Plunge
3:54
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Bloomberg Television
Stock Movers: Lyft Surges, Pinterest Rises, 1-800-Flowers Shares Plunge
Get more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market. Subscribe here: https://link.podtrac.com/h0zn7xir On this episode of Stock Movers: • Lyft (LYFT) shares surged on results that were released after the bell on Thursday. The ride-share company reported better-than-expected gross bookings in the first quarter, a sharp contrast with disappointing results from rival Uber. It also announced an accelerated and expanded share buyback program. Some areas key to its positive results include Indianapolis, which saw a 37% gain in rides, and Canada, where rides were up 50%. • Pinterest (PINS) shares rose after 2Q revenue guidance beat estimates. CEO Bill Ready cited the company's ability to leverage AI to personalize the user experience as a "key differentiator." The emerging technology allows them to provide advertisers early signs on trends before they show up in purchasing data. • 1-800-Flowers (FLWS) shares plunged after it withdrew its near-term guidance and shuffled its management team, including naming a new CEO. The news came after the firm reported 3Q results that showed a bigger-than estimated loss per share, while net revenue also disappointed, falling 13% from a year earlier. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published May 9, 2025
Who has the upper hand as US-China start direct trade talks?
2:58
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Bloomberg Television
Who has the upper hand as US-China start direct trade talks?
President Donald Trump says an 80% tariff on China seems right to him - this as Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer head to Switzerland to have direct trade talks with the Chinese this weekend. Bloomberg's Shawn Donnan reports on what we can expect. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published May 9, 2025