Bessent Satisfied with US-China Tariff Setup; Retail Earnings on Deck | Bloomberg Brief 8/20/2025

From Bloomberg Markets and Finance.

US equity futures remain lower amid signs of easing from Tuesday’s tech selloff, with Nvidia poised to rebound from its slump. Treasury Secretary Scott Bessent says the US is satisfied with the current trade arrangement with China. Retail earnings continue with Lowe’s, Target and TJX. Andrew Balls of PIMCO sees a potential for the Fed to cut rates lower than the market is pricing in. Cayla Seder of State Street thinks more concentration in tech stocks will be expected without more rate cuts. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

Chapters:
00:00:00 – Intro
00:01:14 – First Look Movers
00:03:20 – Andrew Balls, PIMCO Global Fixed Income CIO
00:10:50 – Trending on the Terminal
00:16:46 – Front Page News
00:22:24 – First Look Movers
00:25:31 – Cayla Seder, State Street Macro Multi-Asset Strategist
00:33:00 – Trending on the Terminal
00:41:32 – What to Watch
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts