Rocket to Buy Mr. Cooper, Gold Surges Amid Tariff Fears

<p>Watch Alix and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.Bloomberg Intelligence hosted by Paul Sweeney and Isabelle Lee<br />Today&rsquo;s Podcast Features are:<br /><br />- Paige Smith, Bloomberg News Consumer Finance Reporter, on Rocket to Buy Mortgage Firm Mr. Cooper in $9.4 Billion Deal. The online mortgage provider <a href="https://www.bloomberg.com/quote/RKT:US">Rocket Cos.</a> is acquiring <a href="https://www.bloomberg.com/quote/COOP:US">Mr. Cooper Group Inc.</a> in an all-stock deal valued at $9.4 billion that will create a mortgage behemoth that handles one in every six mortgages in the US. The combined company will service a book of $2.1 trillion of loans and nearly 10 million clients, according to a&nbsp;<a href="https://www.bloomberg.com/news/terminal/STZIKATVI5MO">statement</a> Monday. Mr. Cooper shareholders will receive 11 Rocket shares for each of Mr. Cooper&rsquo;s stock they own, representing a 35% premium, it said in the statement.<br /><br />- Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist on how tariff angst is pushing traders to gold. With investors on edge ahead of President Trump&rsquo;s April 2 tariff salvo, bullion has risen to yet another all-time high above $3,125 an ounce, adding to a run that&rsquo;s already delivered a 19% gain this year and a string of records. It&rsquo;s become overbought, according to the Relative Strength Index indicator, which measures the velocity of a security&rsquo;s price moves. But gold can keep rising.<br /><br />- Shawn Donnan, Bloomberg News Senior Economics Writer, discusses what we know about the Trump tariffs and the lessons from similarly broad tariffs in 1930. Plus, a new Bloomberg analysis of the economic impact the tariffs could have on the US economy.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>