Stocks Dip; Sec. Rollins on Trade; Trump Works Senate Phones | Bloomberg Brief 06/03/2025

US equity futures fall as trade uncertainties linger with a potential US-China call this week. The OECD cuts its global growth outlook. Paul Donovan of UBS says the US raised taxes by imposing tariffs, slowing global growth. President Trump is urging GOP senators to back his tax bill. Kelsey Berro of J.P. Morgan says demand is in the front end and in the belly of the yield curve. US Agriculture Secretary Brooke Rollins says non-tariff barriers are an important factor in trade deals, which she says will be announced soon.

Chapters:
00:00:00 - Intro
00:02:45 - Merck in Talks to Buy Moonlake: FT
00:05:24 - Futures Slip as Trade Uncertainty Lingers
00:07:17 - Paul Donovan, UBS Global Wealth Management Chief Economist
00:11:33 - White House Says Trump, Xi Likely to Speak This Week
00:16:09 - Trump Pressures GOP Senators to Embrace House Tax Bill
00:19:59 - Russia-Ukraine Talks
00:22:30 - Microsoft Cutting Hundreds More Jobs
00:24:15 - Bumble Cut to Underweight
00:27:39 - US Agriculture Sec Rollins in Rome for Trade Talks
00:33:11 - Sec Brooke Rollins, US Secretary of Agriculture
00:40:02 - Kelsey Berro, JP Morgan Asset Management Fixed Income Portfolio Manager
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