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Stocks Fall as Tariff Deadline Nears; Musk Forms New Political Party | Bloomberg Brief 7/7/2025
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July 7, 2025
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43:20Now PlayingUS equity futures edge lower as trading partners rush to finalize deals with the Trump administration. Meanwhile, US Commerce Secretary Howard Lutnick and US Treasury Secretary Scott Bessent hint at an August 1st extension. Elon Musk plans a rival political party as his feud with President Trump deepens. Anna Rosenberg of Amundi Asset Management says the tariff extension is likely aiming to calm markets. Paul Meeks of Water Tower Research says tariffs will impact companies more than tax cuts. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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