Trump Backs Off Powell, Triggering Relief Rally; Musk Backs off DOGE | Bloomberg Brief 04/23/2025

From Bloomberg Markets and Finance.

Stocks rise as President Donald Trump denied he would fire Federal Reserve Chair Jerome Powell. Telsa shares soar after investors’ anxiety was eased by remarks from CEO Elon Musk who said he would back off from his governmental role soon. Henry Allen of Deutsche Bank says that hard data is likely to turn down in the coming months amid trade uncertainty, but that the market isn’t pricing in a recession yet. Theirry Wizman of Macquire sees stocks and the dollar rallying if tariffs were to be walked back. Stephanie Brinley of S&P Global says first quarter results show that the Cybertruck wasn’t the hit Tesla had hoped for. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.

Chapters:
00:00:01 – Intro
00:01:49 – First Look Movers
00:03:27 – Henry Allen, Deutsche Bank Macro Strategist
00:11:18 – Trending on the Terminal
00:17:19 – Front Page News
00:22:57 – First Look Movers
00:24:28 – Thierry Wizman, Macquaire Futures Director of Global Currencies & Interest Rate Strategist
00:31:18 – Trending on the Terminal
00:33:31 – Stephanie Brinley, S&P Global Mobility Associate Director of AutoIntelligence
00:42:49 – What to Watch
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