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Bloomberg Surveillance: Tax Bill and Markets
Bloomberg Surveillance: Tax Bill and Markets

Bloomberg

time02-07-2025

  • Business
  • Bloomberg

Bloomberg Surveillance: Tax Bill and Markets

Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 2nd, 2025 Featuring: 1) Jim Caron, CIO: Cross Asset Solutions at Morgan Stanley Investment Management, talks about market uncertainty and the underappreciated upside risk to equities. US equity futures held firm ahead of the June payrolls report and trade talks developments. Markets await the monthly payrolls report, which will offer fresh insight into the labor market and the path of interest rates, with US Treasuries retreating across the curve 2) Dan Ives, Global Head: Technology at Wedbush Securities, reacts to Tesla sales. The company's shares rose 23% in the last quarter despite the expected sales decline, but have since fallen amid a feud between Elon Musk and Donald Trump. 3) Maya MacGuineas, President of the Committee for a Responsible Federal Budget, talk about how President Trump's tax legislation would affect the US debt and deficit. Moderate and ultra-conservative GOP lawmakers have pushed for changes to the bill, citing concerns over Medicaid cuts, spending reductions, and the scale of the tax bill, with some vowing to oppose the bill in its current form. 4) John Gimigliano, Principal and head of the Federal Legislative and Regulatory Services Group at KPMG, on why the tax bill is no slam dunk as it heads back to the House, and who are the winners and losers in the bill. House Speaker Mike Johnson can only afford to lose three Republican votes, and with unified Democratic opposition, the bill's passage is uncertain, despite Trump's public pressure on Republicans to back the bill. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ on food makers rolling out lower prices and smaller package sizes, as well as an NYT story on whether someone is "cool."

Trump Tax Bill Runs Into GOP Resistance in the House
Trump Tax Bill Runs Into GOP Resistance in the House

Bloomberg

time02-07-2025

  • Business
  • Bloomberg

Trump Tax Bill Runs Into GOP Resistance in the House

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Maya MacGuineas, President of the Committee for a Responsible Federal Budget, shares her frustration with the Trump Tax Bill passing in the Senate and talks about whether or not the legislation will pass in the House. Former Chair of the White House Council of Economic Advisers, Jared Bernstein, discusses what to potentially expect from the White House and the Trump Administration on tariffs and trade in the upcoming days as the tariff deadline is July 9th. Sarah Chamberlain, Republican Main Street Partnership President & CEO, talks about next steps from the House as they look over the Senate's passed tax bill. (Source: Bloomberg)

Not a Fan of Bill: MacGuineas on Senate Passing Tax Bill
Not a Fan of Bill: MacGuineas on Senate Passing Tax Bill

Bloomberg

time01-07-2025

  • Business
  • Bloomberg

Not a Fan of Bill: MacGuineas on Senate Passing Tax Bill

Maya MacGuineas, President of the Committee for a Responsible Federal Budget, shares her frustration with the Trump Tax Bill passing in the Senate and talks about whether or not the legislation will pass in the House. She talks about the issues she has with the bill, if the House will not accept the Senate version of the Tax Bill and go back to their version, and what she would take out of the bill if she could. Maya MacGuineas speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)

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