Market Outlook: Trump speech offers few clues as tariff decisions loom
BNN Bloomberg
Trump’s State of the Union offered few new economic signals as investors await Section 301 tariff decisions and clarity on trade policy.
BNN Bloomberg spoke with Preston Caldwell, chief U.S. economist at Morningstar, who said the speech was largely backward-looking, with the more meaningful economic implications likely to stem from pending Section 301 tariff investigations and the eventual pass-through of tariff costs to consumers.
Read the full transcript below:
ANDREW: U.S. President Donald Trump, in his State of the Union address, said the U.S. economy has never done better. That comes after the U.S. Supreme Court’s decision to overturn some of his global import levies. Let’s look at the broader economic impact, including here at home.
Preston Caldwell is chief U.S. economist at Morningstar. Preston, thank you for joining us.
President Trump, as politicians do, praised his own record. Did anything concrete stand out to you economically in the State of the Union address?
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
Top Picks from Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod
Dan Tobon outlines key market wildcards, including geopolitical risks, AI disruption and shifting investor sentiment.
U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
Pinterest CEO Bill Ready called on world leaders to ban social media for youth under 16 in a LinkedIn post on Friday.
Wall Street is stumbling toward the finish line of a fourth straight losing week on Friday, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
FedEx shares surged about 10 per cent before the bell on Friday, after the package-delivery giant raised its full-year profit forecast and signaled steady shipping demand despite geopolitical tensions and surging fuel costs.
Wall Street is stumbling toward the finish line of a fourth straight losing week, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
In the latest episode of Ticker Take on YouTube, I spoke with Madden, chief investment officer at First Avenue Investment Counsel, about how his team searches for companies that score well across multiple investment disciplines.
Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.