Dec. 15 Tariffs Will Impact U.S. Consumer the Most: JPMorgan AM’s Craig

The video discusses the optimism in markets due to anticipated trade deals and the potential postponement of tariffs. It highlights the impact of tariffs on the US consumer and the broader economic implications. The discussion covers the ebb and flow of trade talks between the US and China, noting the mixed economic sentiment and the need for global economic recovery. The video also examines manufacturing trends, indicating a potential bottoming out of economic slowdown, but cautions against expecting a strong rebound like in 2016.

What was the primary reason for the optimism in the markets during the quarter?

• A new trade deal with Europe

• The anticipation of a phase one trade deal

• An increase in US manufacturing output

• A decrease in global oil prices

How are the planned tariffs expected to impact the US?

• They will boost US exports

• They will primarily affect US consumers

• They will have no effect on the US economy

• They will lead to a decrease in US employment

What economic data contributed to the market downturn alongside the tariff discussions?

• US retail sales growth

• US manufacturing contraction

• US employment figures

• US housing market data

What is the current state of global purchasing managers' indices?

• They present a mixed picture with signs of bottoming

• They indicate a strong expansion

• They are at an all-time high

• They show a consistent contraction

When is economic growth expected to pick up according to the discussion?

• Early 2021

• Late 2020

• Mid 2020

• Early 2020