Quentin Webb
Appearances
WSJ What’s News
Political Crisis in Germany as Merz Fails to Win First Vote as Chancellor
The really big question is, does the Fed decide to kind of hold off on rate cuts for a bit longer than it might just because it wants to kind of stay the course on inflation? Or does it start to cut a little bit more preemptively in which case it's kind of trying to underpin growth, but it runs the risk of exacerbating any inflationary pressures that are starting to build in the system.
WSJ What’s News
Political Crisis in Germany as Merz Fails to Win First Vote as Chancellor
And Quinton says that making sense of the economic outlook isn't just tricky for the Fed. Corporate America is struggling to get its head around the tariffs. You know, it's not clear what tariffs will remain in place for the long term, which tariffs might be rolled back after negotiations with trading partners.
WSJ What’s News
Political Crisis in Germany as Merz Fails to Win First Vote as Chancellor
And so, for example, Ford and Mattel, the company behind Barbie, have both suspended their outlooks for the year. That's effectively sort of saying we don't know right now what we can guide you to. Other companies, in some cases, some of the airlines have done this, have laid out alternate sets of guidelines. So they're sort of given outlooks for different economic scenarios.
WSJ What’s News
Political Crisis in Germany as Merz Fails to Win First Vote as Chancellor
So that really points to the kind of extraordinary level of economic uncertainty at the moment that corporate America and investors face.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
Well, where this ruling leaves things is we already have this extraordinary level of uncertainty there. created by tariffs and the trade war. And if anything, that has just become even more complicated. So this could potentially end up in the Supreme Court. We don't know. We know that this is a Supreme Court that has generally been sympathetic to a slightly broader...
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
interpretation of executive power, so potentially some of this could be reinstated. We also don't know whether the Trump administration could look to use other tools to work on the same tariffs. This decision effectively says that some of this is in the purview of Congress rather than the executive, but there are other methods that can be used for the executive to introduce tariffs.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
And we also don't know exactly how this will affect all of these ongoing trade negotiations with counterparties like the European Union and China.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
One of the reasons that markets are rallying is that investors think this effectively gives others a bit more leverage in negotiations with the Trump administration, because why would you rush to do a deal that could disadvantage you when you know that potentially the tariffs won't hold at the end of the deadline that the Trump administration has imposed for talks.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
So there's already this kind of like unpredictability, which people in the Trump administration say is part of the negotiation strategy, part of Trump's art of the deal. And then to that, you add this second layer of uncertainty, which is that there are other actors within the US system who The states, small business, the courts that are pushing in a different direction.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
So it becomes harder and harder to work out where we go from here.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
It seems like a kind of modestly positive reaction from markets, if you like. So stocks in Japan up, stocks in Europe broadly up, U.S. stock futures up, pointing to kind of higher open today. And of course, strong results from NVIDIA also probably feeding into stronger sentiment for the U.S. market. So on balance, you know, the global investor view is that this is good news.
WSJ What’s News
Federal Court Blocks Trump’s Sweeping Tariffs
But of course, there are all these myriad uncertainties that we talked about. So hard to kind of take too definitive a stance on this.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
Right. Well, I think there's just sort of building optimism about the future of digital currencies. Earlier this week, we saw a stablecoin bill make a key kind of step forward in the Senate. So we're moving towards stability.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
regime where the us is more kind of overtly crypto friendly and of course ever since the start of the trump administration we have seen this dramatic shift in tone in how it treats crypto this evening don't forget we have a gala dinner for the top holders recently of president trump's Trump-Coin.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
Nun, man könnte argumentierend sagen, dass in einem Umfeld, in dem es Fragezeichen gibt über langfristige US-Debtsustainabilität und die Sicherheit von Inhalten wie US-Träschereien, vielleicht an der Margin, das Menschen ermöglicht, wieder zu schauen, Alternativen zu Dollar-basierten Inhalten.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
Aber ich denke, das ist hier weniger ein Fahrer als nur dieser Art von Sinn, dass es eine neue Art von goldenen Ära ist, wenn du möchtest, für Krypto.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
Das ist eine sehr schwierige Frage, weil es keine Grundlage gibt, wenn man die Wertung von Bitcoin unterpinnt. Es gibt keinen Dividenden, den es auslöst, also kann man es nicht mit einer traditionellen Wertungsmetrik wertschätzen. Es ist oft sehr momentum-orientiert. Wir haben gesehen, dass es unter 60.000 Dollar pro Coin war, so spät wie im September. Und jetzt sind wir über 110.000 Dollar.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
And that momentum often has a way of sustaining itself, but it's anyone's guess really where we go from here.