Jobs Likely to Embolden Administration on Trade: Pimco’s Cantrill

The transcript discusses the significance of a recent job report, highlighting its context and temporary factors like the GM strike. It analyzes sector performance, noting strength in healthcare and luxury services, while acknowledging economic slowdown concerns. The discussion shifts to US-China trade negotiations, emphasizing the challenges and political will to reach an agreement. The potential impact of a trade deal on markets and the upcoming US election is debated, with differing views on its correlation with economic performance.

What temporary factor was mentioned as affecting the recent job report?

• Tax cuts

• GM strike

• Healthcare sector growth

• Luxury services demand

What is one of the main sticking points in the US-China trade negotiations?

• Luxury goods tariffs

• Healthcare reforms

• Tax incentives

• Forced technology transfer

What does the President believe about tariffs according to the discussion?

• They should be removed immediately

• They work and are understood by his base

• They are a temporary measure

• They are ineffective

What is the estimated correlation between the US-China trade deal and the US election outcome?

• 90%

• 50%

• 70%

• 100%

What is the market's reaction to skepticism around the Phase One trade deal?

• Market sell-off

• Increased investments

• Market stability

• No change