Stocks Drop as US & China Trade Accusations; IATA AGM; OPEC+ Hike | Bloomberg Brief 06/02/2025

US equity futures fall and the dollar weakens against major currencies as China and the US accuse each other of violating their trade deal. Aviation executives update investors from the IATA Annual General Meeting underway in New Delhi. Sharon Bell of Goldman Sachs says the weaker dollar has given European investors cause to invest in Europe instead of the US. Thierry Wizman of Macquarie Group discusses a change in the dollar's structural relationship to risk. John B. King Jr., State University of New York Chancellor and former US Education Secretary, says President Trump's attack on universities is concerning.

Chapters:
00:00:00 - Intro
00:03:35 - Companies Cautious on Earnings Call
00:04:49 - Sharon Bell, Goldman Sachs Senior European Equity Strategist
00:13:11 - China Accuses US of Violating Trade Deal
00:14:53 - US Aluminum, Steel Stocks Rally as Trump Plans Tariff Hike
00:17:11 - Air Industry Meets Under Cloud of Tariffs
00:24:25 - Thierry Wizman, Macquarie Group Global FX & Rates Strategist
00:26:50 - Wizman: The Dollar is Overvalued
00:35:47 - Oil Rises After OPEC+ Supply Hike
00:38:40 - John B. King Jr, Former US Secretary of Education
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