US Stock Futures Dip As Musk Defends DOGE Downsizing, Powell Testifies | Bloomberg Brief 02/12/2025
February 12, 2025
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43:07Now PlayingUS Stock Futures Dip As Musk Defends DOGE Downsizing, Powell Testifies | Bloomberg Brief 02/12/2025
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as posted by the channelUS stock futures headed lower as President Trump continues to disrupt the government and Elon Musk, director of the DOGE agency, defends the administration's approach to cost cutting. Fed Chair Jerome Powell signaled restraint in making further cuts to the interest rate, pausing a rally in gold. The Trump Trade playbook is breaking down according to Henry Allen of Deutsche Bank, who remains fundamentally bullish for risk. Jose Torres of Interactive Brokers thinks nobody is talking about the disinflationary effects on shelter caused by Trump's immigration crackdown. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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