Stocks Dip Amid Tariffs; Bank Earnings Continue; Nvidia CEO in China | Bloomberg Brief 7/16/2025
July 16, 2025
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43:28Now PlayingStocks Dip Amid Tariffs; Bank Earnings Continue; Nvidia CEO in China | Bloomberg Brief 7/16/2025
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as posted by the channelStocks drop as investors face ongoing tariff tensions after President Trump signaled pharma levies may come on August 1. Kevin Hassett, Director of the National Economic Council, leads the race to be Trump's next Fed Chair. Bank of America, Morgan Stanley and Goldman Sachs are scheduled to report earnings. Paul Donovan of UBS Global Wealth Management says only half of the current tariff impact is showing up in CPI data. Michael Purves of Tallbacken Capital Advisors says he's surprised by the continued growth of capex estimates. Stephen Biggar of Argus Research says a lower rate environment could provide a tailwind for banks to grow further. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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