Bloomberg Surveillance

By Bloomberg Radio

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Michael
 Jan 8, 2020
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Description

Tom Keene, Jon Ferro, and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.

Episode Date
Surveillance: Returning to Work With Rep. McHenry
1738
Ebrahim Rahbari, Citigroup Global Markets Global Head of FX Analysis & Content, says Brexit uncertainty will inevitably weigh on sterling and that the currency has found its bottom. Rep. Patrick McHenry, U.S. House Financial Services Committee Ranking Republican, says a tapering down of unemployment benefits may help in safely getting America's workforce back to normal. Ron Kirk, Former U.S. Trade Representative, says U.S. trade tariffs have compromised our ability to access the tools we need to fight Covid-19. Austan Goolsbee, University Of Chicago's Booth School of Business Professor, says the economies in the U.S. and Sweden will have a hard time recovering if the virus is not contained soon.
Jul 08, 2020
Surveillance Special: White House Response to COVID-19
4353
This is a special Bloomberg Surveillance podcast with our Chief Washington Correspondent Kevin Cirilli. Kevin spent the day talking to officials in the halls of the West Wing and we're putting those conversations together for you in this special podcast.
Jul 07, 2020
Surveillance: Oil At Inflection Point, Morse Says
1851
James Athey, Aberdeen Standard Investments Director, says it's very difficult for the world economy to thrive without the success of the United States. Isaac Boltansky, Compass Point Director of Policy Research, says Congress will likely roll out $1.5 trillion on subsequent stimulus spending. Jordan Rochester, Nomura FX Strategist, says U.S. growth will underperform the Eurozone this year, driving a weaker dollar. Ed Morse, Citigroup Global Head of Commodity Research, outlines opportunities in oil and natural gas.
Jul 07, 2020
Surveillance: U.S.-China Deterioration With Mann
2014
Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says the expectation of U.S. Fiscal stimulus is what is propelling economic expansion. Catherine Mann, Citi Global Chief Economist, explains why she thinks the codependency between the U.S. & China has turned negative. Kathy Hochul, New York Lieutenant Governor, says there is no coronavirus recovery for the United States without the recovery of New York. Alicia Levine, BNY Mellon Chief Investment Strategist, expects the next stimulus bill to surpass one trillion dollars because of the resurgence of virus cases in the south.
Jul 06, 2020
Surveillance: U.S. Jobs Report With Kudlow
1896
Larry Kudlow, National Economic Council Director, says the shape of the next relief package is still up in the air. Jeffrey Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the fiscal policy support for financial markets is being funded in the treasury market. Jay Bryson, Wells Fargo Chief Economist, says big employment gains may be behind us as states reverse or halt reopening efforts. Keith Lockhart, Boston Pops Conductor, looks ahead to this year's socially-distanced Fourth of July Fireworks Spectacular.
Jul 02, 2020
Surveillance: Amb. Bolton on Russia Bounty Claims
2278
Ambassador John Bolton, Former U.S. National Security Advisor & Author of "The Room Where it Happened,” says Trump's evolving explanation makes the U.S. ripe for the type of Russian interference that’s being alleged. Vasileios Gkionakis, Banque Lombard Odier & Cie FX Strategist, says the ingredients for a dollar downside are falling into place. Jan Loeys, JPMorgan Long-Term Investment Strategy Senior Adviser, says investors shouldn't be frustrated about short-term volatility between bond and equity markets. Stacey Widlitz, SW Retail Advisors President, says if retail companies shift to an appointment based format, they will see lower spending margins and increase overall returns online.
Jul 01, 2020
Surveillance: Rolling W's Recovery Likely, Sonders Says
2154
Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the economic recovery is more likely to look like rolling W’s than a V. Jes Staley, Barclays CEO, says the M&A market will not come back to major banks for a long time. David Lebovitz, JPMorgan Global Market Strategist, says the market has been standing on a three-legged stool: virus case growth, the outlook for economic reopening and the trajectory of corporate profits. Steven Major, HSBC Global Head of Fixed Income Research, says the banking system is financing the Fed's asset purchases through an increase of money it has recently absorbed. Tom Forte, DA Davidson & Co Senior Research Analyst, says Amazon could exit 2020 with a unionized labor force.
Jun 30, 2020
Surveillance: Virus Messaging With Dr. Quick
2044
Tony Dwyer, Cannacord Genuity Equity Strategist, says the Fed can't fix exponential doubt in credit markets with infinite debt. Dr. Jonathan Quick, The Rockefeller Foundation Managing Director of Pandemic Response, Preparedness and Prevention, says leaders need to get more consistent in their coronavirus messaging. Dan Gelber, Mayor of Miami Beach, says the greatest concern for local governments is getting citizens to abide by federal instructions to slow the spread of coronavirus. Tiffany Wilding, PIMCO Chief Economist, says we will see a fiscal cliff in July if Congress does not create financial stimulus support for Americans.
Jun 29, 2020
Surveillance: Fed Wants You To Take Risk, Schutte Says
2129
Anna Han, Wells Fargo Equity Strategist, the domestic political risk in the U.S. looks under-priced heading towards an election cycle. Brent Schutte, Northwestern Mutual Chief Investment Strategist, says the Fed want you to take risk and will continue to try to get you to take risk. Kenneth Leon, CFRA Global Director of Industry & Equity Research, says projected loan losses for July could top $700 million. Brad Setser, Council on Foreign Relations Senior Fellow, describes how the Covid-19 pandemic is shifting geopolitical dynamics around the globe. Tim Adams, Institute of International Finance President and CEO, discusses the U.S. Stress test results.
Jun 26, 2020
Introducing Foundering
259
Adam Neumann had a vision: to make his startup WeWork a wildly successful company that would change the world. He convinced thousands of other people -- customers, employees, investors -- that he could make that dream a reality. And for a while, he did. He was one of the most successful startup founders in the world. But then, in the span of just a few months, everything changed. Foundering is a new serialized podcast from the journalists at Bloomberg Technology. This season, we’ll tell you the story of WeWork, a company that captured the startup boom of the 2010s and also may be remembered as a spectacular bust that marked the end of an era. Catch the first two episodes of Foundering, now available on Apple Podcasts, Spotify, or wherever you listen.
Jun 26, 2020
Surveillance: Black Lives Matter With LeBron
1819
LeBron James, Los Angeles Lakers Basketball Player & SpringHill Co. Chairman, discusses the impact he has felt from the "Black Lives Matter" movement. Mark Howard, BNP Paribas Senior Multi-Asset Specialist, says there could be a rally in yields during the fourth quarter. Sébastien Page, T. Rowe Price Global Multi-Asset Division Head, says now is not the time to be the hero between value and growth stock investments. Mario Gabelli, Gabelli Funds Co-Chief Investment Officer for value investments and GAMCO chairman and CEO, says corporate issuance is putting a lid on the market.
Jun 25, 2020
Surveillance: Economic Recovery With Meyer
2242
Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says a pickup in capital spending intentions is a reason to remain bullish on the U.S. recovery. Michelle Meyer, Bank of America Head of U.S. Equities, says the U.S. economy is starting to approach healing and recovery phase. Henrietta Treyz, Veda Partners Director of Economic policy, says Congress is still stalled on both stimulus and infrastructure spending. Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says the nominal rate of the dollar does not offer any significant yield pickup. Daniel Boulud, Chef & Restaurateur, says fine dining is suffering at the moment, but its not dead due to Covid-19.
Jun 24, 2020
Surveillance: Yield Curve Control With Fed's Bullard
2530
Jim Bullard, St. Louis Fed President, says there are more questions than answers about yield curve control right now. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says government action has massively prevented the amount of company bankruptcies throughout this recession. Megan Greene, Harvard Kennedy School Senior Fellow, says it will be difficult to avoid a double dip recession without state and local funding from the federal government. Chris Krueger, Cowen Managing Director, describes how crucial the November election will be for President Trump.
Jun 23, 2020
Surveillance: Fed's Balance Sheet With Dudley
1956
William Dudley, Former New York Federal Reserve President and Bloomberg Opinion Columnist, warns that a $10 trillion Fed balance sheet could be coming, but says the risks seem manageable for now. James Sweeney, Credit Suisse Chief Economist, says housing inflation is likely to put pressure on U.S. inflation. Patrick Foye, MTA Chairman & CEO, describes the health precautions being taken in the New York City subway system as the city moves into phase 2 of its reopening plan. Jane Foley, Rabobank FX Strategist, says if the markets stay optimistic due to central bank funding, the dollar will suffer.
Jun 22, 2020
Surveillance: London After Lockdown With Khan
1808
Sadiq Khan, London Mayor, warns the recession the U.K. is facing could turn into a depression. Torsten Slok, Deutsche Bank Chief Economist, says the Fed was correct in stabilizing financial markets, but the debt loads of companies have increased. Kathy Hochul, New York Lieutenant Governor, says New York City's economic return is an important part of the comeback for the entire nation. Bob Michele, JPMorgan Asset Management CIO and Head of Global Fixed Income, says the real yield has been a causality of this economic crisis.
Jun 19, 2020
Surveillance: Watch China Loan Demand, Miller Says
1655
Leland Miller, China Beige Book International CEO, says loan demand will be the absolute key thing to watch in China for the next three or four months. Kate Moore, BlackRock Head of Thematic Strategy for the Global Allocation Team, expects investors to ride the risk wave heading into the election cycle. Bob Crandall, Former American Airlines CEO, says it will be a long time before the airline industry sees as much business travel as they did pre-Covid-19. Dr. Vivian Lee, Verily Life Sciences President of Health Platforms & Author of "The Long Fix: Solving America's Health Care Crisis with Strategies," says testing asymptomatic people will be a critical component in getting people back to work. Craig Gordon, Bloomberg Washington Bureau Chief, says the current national poll numbers between Joe Biden and President Trump will narrow towards the election.
Jun 18, 2020
Surveillance: Fed's Virus Response With Warsh
2721
Kevin Warsh, Former Federal Reserve Governor, says the Fed acted with overwhelming force to shelter the U.S. economy from Covid-19. Richard Haass, CFR President, says American alliances may not survive a two-term Trump presidency. Edward Morse, Citigroup Global Head of Commodity Research, says supply actions will continue to dominate the oil market. Julia Coronado, Macropolicy Perspectives Founder, says the Fed's forecast of 10% unemployment by year's end is not unreasonable. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the rate of change in equity markets will continue to be positive for the rest of the year. Barry Eichengreen, University of California Berkeley Professor, Barry Eichengreen, University of California Berkeley Professor, discuses “the political scar of epidemics."
Jun 17, 2020
Surveillance: Jobs Recovery With Scalia
2189
Eugene Scalia, U.S. Secretary of Labor, says we are making real headway on the employment picture. Mike Feroli, JPMorgan Chief U.S. Economist, says further stimulus would be insurance against a relapse into more economic weakness. Dr. Peter Hotez, Baylor College of Medicine Dean, says a widely distributed Covid-19 vaccine will not be ready by the end of this year. Kenneth Rogoff, Harvard University Public Policy and Economics Professor, says negative interest rates should absolutely still be on the table. Anne Richards, Fidelity International CEO, says dividend cuts by companies are not all permanent, but some will be.
Jun 16, 2020
Surveillance: Retail In Reset Period, Sadove Says
1784
+Steve Sadove, Former Saks CEO & Mastercard Senior Adviser, says retail is in a reset period and a lot of stores will go under. Alan Ruskin, Deutsche Bank Chief International Strategist, says the U.S. government has done a remarkable job in front-loading policy easing on both the fiscal and monetary sides. George Magnus, University of Oxford Research Associate, says the production side of China's economy is recovering well, but the demand side has not been. Stephen Gallo, BMO European Head of FX Strategy, says the medium-term growth outlook will be heavily shaped by the success or failure of government intervention.
Jun 15, 2020
Surveillance: Recovery Bets With El-Erian
1857
Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, sees a check mark-shaped recovery subject to a lot of volatility. Dean Curnutt, Macro Risk Advisors CEO, says a lower VIX index is part of the Fed's playbook. Jeremy Stein, Harvard Professor of Economics, says having a strong, capitalized banking sector will help economic recovery in the next year. Kathy Hochul, New York Lieutenant Governor, says New York's reopening has been going phenomenally well across the state.
Jun 12, 2020
Surveillance: Virus Far From Over, Koh Says
1506
Alessio De Longis, Invesco Investment Solutions Senior Portfolio Manager, says the surge in U.S. virus cases shows why reopening is such a delicate process. Howard Koh, Former Assistant HHS Secretary and Harvard T.H. Chan School of Public Health Professor, says Covid-19 is far from over and we need a unified approach to the pandemic going forward. George Bory, Wells Fargo Asset Management Head of Fixed Income Strategy, says we should expect a long, drawn out economic recovery with the potential of more shocks. Amy Liu, Brookings Institution Metropolitan Policy Program Vice President and Director, says the U.S. needs a stronger vision for world-class modern infrastructure. Jameelah Robinson, M.S.
Jun 11, 2020
Surveillance: Fed’s Response with Rajan (Podcast)
1933
Raghuram Rajan, University of Chicago Booth School Professor & Former Reserve Bank of India Governor, says the Fed is doing a fantastic job cooperating with the government, but there has to be a reciprocal arrangement from the government side to respect the Fed's independence. Laurence Boone, OECD Chief Economist, says it will be very difficult to renew the type of economic growth that we had pre-pandemic without global cooperation. Priya Misra, TD Securities Head of Global Rates Strategy, says the market is trying to test the Fed to see how accommodating it will be. William Rudin, Rudin Management CEO, says New York City will be at the forefront of job creations and dealing with racial injustice issues.
Jun 10, 2020
Surveillance: Bumpy Recovery For Europe (Podcast)
2052
Robert Doll, Nuveen Asset Management Chief Equity Strategist, says it will take many quarters to find new economic ground. Olivier Blanchard, Peterson Institute for International Economics Senior Fellow, sees bumpy recovery ahead for Europe. Lakshman Achuthan, Economic Cycle Research Institute COO & Co-Founder, says even a partial recovery will lift the economy from its lows. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the focus is on inflation and inflation expectations. Susan Lund, McKinsey Global Institute Partner, says the Covid-19 pandemic may worsen the wage gap in the United States.
Jun 09, 2020
Surveillance: Mass Transit Recovery With MTA's Foye
1640
Mike Swell, Goldman Sachs Asset Management Co-Head of Global Fixed Income Portfolio Management, the U.S. Economy needs to be repaired. Amrita Sen, Energy Aspects Chief Oil Analyst, says supply is falling faster than demand in the oil sector. Daniel Morris, BNP Paribas Asset Management Senior Investment Strategist believes a second wave of Covid-19 is likely, with a lesser economic impact. Patrick Foye, MTA Chairman, says the MTA and every other transit agency will require federal aid to get through 2020.
Jun 08, 2020
Surveillance: Shocking U.S. Jobs Report With Rosenberg
2020
Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, reacts to the unexpectedly positive jobs report. Tiffany Wilding, PIMCO U.S. Economist, says the labor department report does not really capture people who have been furloughed. Yelena Shulyatyeva, Bloomberg Senior U.S. Economist, says the May jobs data underestimate the wage gap. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says multiple vaccine trials for Covid-19 are progressing to a second phase.
Jun 05, 2020
Surveillance: Trump’s Protest Crisis With Stavridis
1397
David Lebovitz, JPMorgan Investment Management Global Market Strategist, says today's market structure is very different than in the past, signaled by the speed of which markets have bounced back. Kathy Hochul, New York Lieutenant Governor, says New York City is prepared for the first phase of its reopening on Monday. Greg Boutle, BNP Paribas Head of U.S. Equity & Derivative Strategy, says there is a disconnect in U.S. economic outlook and the equity market. Admiral James Stavridis, Bloomberg Opinion Columnist & Former Supreme Allied Commander at NATO, speaks out against President Trump's threat to use military to stop protests.
Jun 04, 2020
Surveillance: Moral Hazard With Dudley
1957
Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says it is critical the federal sector is amply funded to protect the American people from future crises. Bill Dudley, Former New York Fed President and Former FOMC Vice Chair, says some of the Fed's market support has created a little bit of moral hazard. Steve Chiavarone, Federated Hermes Portfolio Manager, says GDP levels will not get back to where they were until the end of 2021. Tobias Levkovich, Citi Chief U.S. Equity Strategist, believes that the pandemic has accelerated certain trends that were already underway, including those in retail and tele-medicine. David Malpass, World Bank President, discusses challenges in deploring money to poor countries and the scale of debt relief the bank plans to implement in the upcoming months.
Jun 03, 2020
Surveillance: Liquidity And Solvency Critical, Kostin Says
2015
Lewis Alexander, Nomura Chief U.S. Economist, says the U.S. unemployment rate will continue to rise before this recession is over. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says the current market rally has been driven by a select group of companies. Ian Bremmer, Eurasia Group President, says the U.S. is not on the brink of civil war. Dennis Gartman, Retired Editor of The Gartman Letter, says he finds it very difficult to be bullish on risk assets.
Jun 02, 2020
Surveillance: Europe's Economic Recovery With Herro
1794
David Herro, Harris Associates CIO of International Equity, says Europe is beginning to see normalized light at the end of this dark economic tunnel. Richard Haass, Council on Foreign Relations President, says President Trump has to step up to the moment and stop the divisive tweets and personal attacks. Ethan Harris, Bank of America Merrill Lynch Head of Global Economics Research, says data shows we are starting to move off the economic bottom. Meredith Sumpter, Eurasia Group Head of Research Strategy, says emerging market economies will struggle to balance with the competing pressures from the U.S. and China.
Jun 01, 2020
Surveillance: Dollar Dominance With Rahbari
2490
Jared Woodard, Bank of America Securities Head of the Research Investment Committee, says a bull rally needs to be much broader in markets. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the dollar bull market can still continue. Myron Brilliant, Head of International Affairs at the U.S. Chamber of Commerce, says the U.S.-China relationship has never been more complex. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of Leadership Live, speaks with Youtube CEO Susan Wojcicki about the platform's system for monitoring content. Loretta Mester, Federal Reserve Bank of Cleveland President, says the Yield Curve is the support for forward guidance.
May 29, 2020
Surveillance: H.K.'s Special Status At Stake, Fenby Says
2896
Christopher Patten, Former Governor of Hong Kong, says China must pay a price for Hong Kong and emphasizes the need for a unified global response against Xi Jinping. Evan Brown, UBS Asset Management Head of Multi-Asset, says Europe is crucially relying on a bridge being built by the ECB. Jonathan Fenby, TS Lombard China Research Chairman, says the loss of Hong Kong's special trading status with the U.S. would hurt Hong Kong more than China. Geoffrey Okamoto, IMF's First Deputy Managing Director, says the IMF entered this crisis better resourced than any prior crisis. Thierry Wizman, Macquarie Director of Global Currencies & Interest Rate Strategist, sees dollar weakening against the euro and the pound going into the second half of 2020.
May 28, 2020
Surveillance: Deflation A Bigger Concern, Says Jones
1938
Julian Emanuel, BTIG Chief Equities and Derivatices Strategist, says I am not entirely sold on the idea that we have entered a bull market. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says we have to get through deflation before we worry about inflation. Marty Walsh, Mayor of Boston, says the reopening process should be done state-by state, not federally. Leland Miller, China Beige Book CEO, says sanctions are looming over Hong Kong.
May 27, 2020
Surveillance: Jobless Aid With Scalia
2342
Mona Mahajan, Allianz Global Investors, discusses the importance of being selective when investing in a risk/reward industry like the airline sector. Labor Secretary Eugene Scalia discusses whether the $600 unemployment supplement should be extended when the program expires in July. Dan Tarullo, Former Federal Reserve Governor, says income support for the nation's unemployed needs to be the highest priority right now. Nelson Griggs, Nasdaq Stock Exchange President and Nasdaq's Corporate Services Business EVP, says there is a chance of a healthy IPO sector as markets look to recovery. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says Covid-19 was a big wake up call about how limited ICU nursing resources are.
May 26, 2020
Surveillance: Market FOMO With Levkovich
2136
Tobias Levkovich, Citi Chief U.S. Equity Strategist, says FOMU (Fear of Meaningfully Underperforming), not FOMO (Fear of Missing Out), has played a role in the recent rally. Yvonne Man, Bloomberg Markets Asia Anchor, says the stage is set for another repeat of protests in Hong Kong. Priya Misra TD Securities Head of Global Rates Strategy, says the Fed has no option but to go into yield curve control. Diane Swonk, Grant Thornton Chief Economist, says American consumers will remain hesitant because of the fear of contagion, regardless of whether the economy is open or not. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, discusses the challenges countries in the southern hemisphere are facing in controlling the coronavirus outbreak.
May 22, 2020
Surveillance: Digitization Of The Economy With Auth
2065
Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says negative rates are possible in the U.S. and could have a powerful impact on the dollar. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, says the ability to get the labor market back to where it was will take several years. Steve Auth, Federated Hermes CIO of Equities, believes there will be a manufacturing renaissance once COVID-19 has successfully been combated. Jason Farley, Johns Hopkins University Professor of Nursing, says there are "glimmers of hope" in the effort to stabilize the spread of Covid-19.
May 21, 2020
Surveillance: Negative Rates In U.S. With Chang
2242
Joyce Chang, JPMorgan Chair of Global Research, says she could see negative yields happening in the U.S., but doesn't see Fed policy going below zero. Matthew Harrison, Morgan Stanley Head of Biotechnology Research, says the level of antibodies that are protective for people with Covid-19 is still unknown. Megan Greene, Harvard Kennedy Senior Fellow, says the coronavirus pandemic has exposed a lot of broken aspects of the United States. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says we have to continue to support the W.H.O. and their role in pandemic preparedness and response. Ron Temple, Lazard Asset Management Co-Head of Multi-Asset and Head of U.S. Equity, says there needs to be more focus on the looming retirement crisis.
May 20, 2020
Surveillance: BOFA's Moynihan on Economic Recovery
2207
Jeff Currie, Goldman Sachs Global Head of Commodities Research, says there is far too much optimism in oil markets and sees gold heading towards $1,800/oz near term. Jim O'Sullivan, TD Securities Chief U.S. Macro Strategist, expects most of the major job losses to be behind us once we get through May. Brian Moynihan, Bank of America Chairman and CEO, says the economy is unlikely to experience a recovery until the end of next year. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, stresses why it is important to continue the use of masks and social distancing in order to keep ahead of the curve. Campbell Harvey, Duke Finance Professor, says the policy response to COVID-19 pandemic has been a black swan.
May 19, 2020
Surveillance: Market Optimism with Shalett
2220
Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says the fear trade has been holding the U.S. dollar up in the near term. Ian Sheperdson, Pantheon Macroeconomics Founder & Chief Economist, says markets are expecting further aid from the U.S. government. Peter Hayes, Head of BlackRock's Municipal Bonds Group, says states and cities are facing a liquidity issue rather than a solvency issue. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says the recovery in China is likely to underperform in the second half of the year. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says there are a lot of positive signs that there is evidence of immunity, but a case hasn't been proven yet.
May 18, 2020
Surveillance: Accurate Virus Testing With Pekosz
1958
Troy Gayeski, Skybridge Capital Partner Co-CIO & Senior Portfolio Manager, says the divergence between equity markets and credit is as large as it has been since the financial crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the Fed will try to employ yield curve control once it has exhausted other options. Andrew Hollenhorst, Citi Chief U.S. Economist, says consumer demand will vary from sector to sector during an uncertain recovery phase for the economy. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says we need to start getting ahead of the virus through accurate testing.
May 15, 2020
Surveillance: Negative Rates With Kroszner
2276
Ebrahim Rahbari, Citi Global Head of FX Analysis, doesn't expect the economy to come out of recession until 2022. George Magnus, University of Oxford Research Associate at the China Centre, says the frosty relationship between the United States and China is chipping away their economic interdependence. Julia Coronado, Macroeconomic Policy President and Founder, says the current U.S. economic shutdown will be longer than anticipated. Randy Kroszner, University of Chicago Professor & Former Fed Governor, says it would take extreme circumstances such as significant deflation for the Fed to consider negative rates. Jason Farley, Johns Hopkins University Professor of Nursing, discusses what we know about the likelihood of becoming reinfected with Covid-19.
May 14, 2020
Surveillance: V-Shaped Recovery Is Not Fantasy, Keller Says
2288
Jack Ablin, Cresset Wealth Advisors Chief Investment Officer & Founding Partner, says equity investors are currently looking at their portfolios like bond investors. Christian Keller, Barclays Head of Economics Research, explains why the prospect of a V-shaped recovery is not a fantasy. Priya Misra TD Securities Head of Global Rates Strategy, says the market is not pricing in rate hikes until 2024. Admiral James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, discusses the essential steps to prevent history from repeating itself post-pandemic. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Nasdaq CEO Adena Friedman. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says Dr. Fauci’s path to reopening is the one to follow.
May 13, 2020
Surveillance: We're Barreling Towards A Depression, Sahm Says
1993
Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, says the disturbance caused by the virus has ratcheted up the need to use and invest in technology. Marvin Loh, State Street Senior Global Market Strategist, says Northern Asia appears more favorable than U.S. stocks for investors right now. Claudia Sahm, Washington Center for Equitable Growth Director of Macroeconomic Policy and Former Fed Economist, says we're falling into a deflationary spiral and barreling towards a depression. Richard Haass, Council on Foreign Relations President, talks about his new book, "The World: A Brief Introduction," and navigating the biggest challenges coming in the 21st century. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, says there has been an improvement in availability of ventilators for COVID-19 patients.
May 12, 2020
Surveillance: Economic Shock With Shilling
2526
Joe Quinlan, Merrill and Bank of America Private Bank Head of CIO Market Strategy, says technology and health care will lead the recovery from the pandemic. Dean Curnutt, Macro Risk Advisors CEO, explains why he thinks gold deserves increased allocation in portfolios. Rep. Trey Hollingsworth, U.S. Representative for Indiana's 9th congressional district, says there is not enough money in Washington, D.C. to save businesses in the long term., Michelle Meyer, Bank of America Securities Head of U.S. Economics, says the unemployment rate will rise, but the month of April was the worst in terms of job destruction. Gary Shilling, A. Gary Shilling & Co. President and Bloomberg Opinion Columnist, thinks this will be the greatest shock to the world's economy since World War II. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says opening retail requires more than masks and gloves.
May 11, 2020
Surveillance: Expect Growth in 2nd Half, Kudlow Says
2807
Catherine Mann, Citi Global Chief Economist, says the disconnect between wages and prices could get bigger when the economy opens back up. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says that out of the 30 million jobless claims filed, it is reasonable to expect about 10-12 million jobs to return by the end of the year. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the path of the recovery will be informed by how many temporary layoffs become permanent. Lawrence Kudlow, National Economic Council Director, expects a significant bounce back in growth in the second half of the year. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says things have been moving forward at light speed when it comes to vaccine testing.
May 08, 2020
Surveillance: Expect Two-Quarter Recession, Roubini Says
2427
Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19.
May 07, 2020
Surveillance: The Value of Cash With Bevan
1872
James Bevan, CCLA Chief Investment Officer, says he's holding cash because he's worried about the disconnect between fundamentals and the markets. Joyce Chang, JPMorgan Chair of Global Research, says the Fed has taken on the role of the central banker to the world to avert a systemic shock to the global financial markets. Michael Feroli, JPMorgan Chief US Economist, explains why he thinks unemployment is closer to 20% and might be underrepresented because of the way the data is collected. Gene Sperling, Former Director of the National Economic Council talks about his new book "Economic Dignity." Michelle Patch, Johns Hopkins School of Nursing Assistant Professor speaks to the complications of Covid-19.
May 06, 2020
Surveillance: Equities are Overpriced, Normand Says
2107
David Bailin, Citi Private Bank Chief Investment Officer, says reopening the U.S. economy focuses on rebuilding supply lines and consumer demand. Kathy Hochul, New York Lieutenant Governor, says the post-pandemic recovery will include re-imagining the workplace and the education system. John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, says equities are overpriced. Howard Davies, RBS Chairman, says the coronavirus crisis will accelerate the trend towards remote banking and alter the competitive environment. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses concerns related to the re-opening of the U.S. economy.
May 06, 2020
Surveillance: Fed's Balancing Act With Hornbach
2226
Matt Hornbach, Morgan Stanley Global Head of Macro Strategy, says bond markets are caught between a fiscal rock and a QE hard place. Jane Foley, Rabobank Head of FX Strategy, says she sees the risk of another dip towards EUR/USD 1.08 in the coming weeks. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says we are looking at several weeks of uncertainty in regards to when the economy will re-open. Bill Smead, CIO of Smead capital Management recaps Airline stocks in sharp decline as Warren Buffett Exits Positions. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement discusses the the coronavirus curve in the U.S.
May 04, 2020
Surveillance: Apple's Disappointing Q2 With Munster
1991
Gene Munster, Loup Ventures Managing Partner & Analyst, says Apple was the most at-risk large U.S. tech company for reporting a disappointing quarter due to the company’s hardware businesses and exposure to China. Mohamed Younis, Gallup Editor-in Chief, says most Americans are putting their trust in local officials to get them out of the economic hole caused by the coronavirus pandemic. Henrietta Treyz, Veda Partners Director of Economic Policy, explains how the nature of the U.S.-China trade dispute will change because of the coronavirus outbreak. Michael Gapen, Barclays Chief U.S. Economist, says the U.S. unemployment rate may rise as high as 19% in April and remain elevated for several years. Dr. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health, says he has a lot of hope for antibody testing.
May 01, 2020
Surveillance: Unprecedented GDP Drop With Blanchflower
2088
Dan Katzive, BNP Paribas Head of FX Strategy for North America, says the euro is cheap against the dollar and far from its long-term equilibrium level of around $1.30. Danny Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says this may be the worst global economic decline he has ever seen. Jason Farley, John Hopkins University Nursing Professor, says we need to speed up our testing capacity. Krish Sankar, Cowen Senior Research Analyst, says the stability of Apple's balance sheet has been a major selling point for many of its shareholders. Craig Moffett, Moffettnathanson Founding Partner & Senior Research Analyst recaps tech and media data
Apr 30, 2020
Surveillance: The Fed's Toolbox With Kroszner
2122
Eric Robertsen, Standard Chartered Bank Global Head of Research, says the Fed's balance sheet can go wider, but does not expect any major surprises at this point. Randy Kroszner, University of Chicago Professor & Former Fed Governor, discusses how the Fed may unwind its balance sheet. Stephen Stanley, Amherst Pierpont Chief Economist, expects second quarter U.S. GDP numbers to be even worse than first quarter ones. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says coronavirus testing still has a long way to go. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Cargill CEO Dave MacLennan.
Apr 29, 2020
Surveillance: Value Investing With Herro
2440
Amrita Sen, Energy Aspects Chief Oil Analyst, says supply recovery is likely to lag the rise in demand for oil. Valdis Dombrovskis, European Commission Vice President, says the bank consolidation process is already gradually happening in Europe. David Herro, Harris Associates Chief Investment Officer of International Equities, says the greater the spread between growth and value, the better the future looks. Robert Shiller, Yale University Professor and Nobel Laureate in economics talks about how human psychology amid the pandemic could play out in the stock market. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says training the non-ICU nursing workforce to safely care for COVID-19 ICU patients has been going well. Kathy Hochul, New York Lieutenant Governor, says she is working with Governor Cuomo to rebuild a better New York City and New York State than before coronavirus.
Apr 28, 2020
Surveillance: The Economy is Dead, Schork Says
2155
Marvin Loh, State Street Senior Global Market Strategist, says big tech stocks can maintain their competitive advantage. Rep. French Hill, Republican U.S. Representative for Arkansas's 2nd congressional district, says that not having a functioning supply chain will affect every state in the U.S. Stephen Schork, The Schork Report Founder & Editor, says the economy is dead and that we are in a great depression. Joshua Sharfstein Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, explains the best way to interpret coronavirus studies as more start coming out. Austan Goolsbee, University of Chicago Booth School of Business Professor, says historically, societies affected by plagues have taken on nationalistic behaviors.
Apr 27, 2020
Surveillance: Economic Recovery With JPMorgan's Kelly
1983
Alan Ruskin, Deutsche Bank Chief International Strategist, says that U.S. policy measures have inevitably expanded debt as far as the eye can see. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says U.S. GDP will see the steepest drop in modern history due to the COVID-19 lockdowns. David Kelly, JPMorgan Asset Management Chief Global Strategist, expects economic recovery in the second half of next year, but worries about the unanticipated impact of financing 'an awful lot of misery' until that time. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says it's difficult to predict how much more stimulus is needed to combat the coronavirus’s economic impact. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says the broad spectrum of disease induced by the novel coronavirus complicates the effectiveness of drug treatments.
Apr 24, 2020
Surveillance: Expansionary Programs With Kocherlakota
1942
Paul Sankey, Mizuho Americas Oil & Gas Analyst, says crude futures could trade negatively again in May, if commodity trade advisors who must get out of their positions the day before settlement "get caught again." Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says earnings have come down, but prices are still relatively high. Narayana Kocherlakota, University of Rochester Economics Professor, Former Head of the Minneapolis Fed and Bloomberg Opinion Columnist, says that as long as interest rates & inflation remain low, congress and the Fed will continue to feel comfortable with expansionary programs. Jason Farley, John Hopkins University Nursing Professor, says he fully expects a second wave of COVID-19 infections. Jon Lieber, Eurasia Group Managing Director for the United States, says President Trump's immigration order is less about protecting jobs and more about setting up a contrast on immigration with Joe Biden in the fall election.
Apr 23, 2020
Surveillance: Oil Prices to Remain Low, Sen Says
1741
Amrita Sen, Energy Aspects Chief Oil Analyst, says oil production has to fall quickly for prices to recover. Karen G. Mills, Harvard Business School Senior Fellow and Former Head of U.S. Small Business Administration, says she is more optimistic about this next round of funding for small businesses. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says the CDC needs support to roll out broad, systematic testing. Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says the United States cannot sustain the decline in oil prices for long.
Apr 22, 2020
Surveillance: Oil Recovery Will Be Uneven, Rats Says
1593
Greg Boutle, BNP Paribas US Head of Equity and Derivative Strategy, says equities are now more expensive than they were before the recent turmoil. Martijn Rats, Morgan Stanley Global Oil Strategist, says the restart of oil demand will likely be uneven across crude products so we'll likely see more driving before flying again. Kathy Hochul, New York Lieutenant Governor, says the state of New York is projected to lose at least $15 Billion dollars in revenue in this budget year. Michelle Patch, Johns Hopkins School of Nursing Assistant Professor, examines the emotional toll of the coronavirus pandemic.
Apr 21, 2020
Surveillance: Recession Will Be Deep But Brief, Nielsen Says
2021
Jim Caron, Morgan Stanley Investment Management Fixed Income Portfolio Manager, says this is a bond picker's market and investors need to be selective. Erik Nielsen, UniCredit Group Chief Economist, says that this recession will be deep with a very brief duration. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says that we have seen a plateau in virus cases in the United States. Gideon Rose, Foreign Affairs Magazine Editor, says meaningful climate change policies could be followed now that don't involve shutting down the entire world.
Apr 20, 2020
Surveillance: Fed's Mester Says U.S. Reopening Will Take Time
2050
Tony Dwyer, Canaccord Genuity Chief Market Strategist, says he would not bet against the market and that this is a good time to remain neutral. Federal Reserve Bank of Cleveland President Loretta Mester says it’s going to take time for economy to reopen and that it needs to be done very carefully. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says that right now there really is no good evidence to suggest that people are getting reinfected after their first exposure. Jared Bernstein, Center on Budget and Policy Administration Senior Fellow and Former Economic Adviser to Vice President Joseph Biden, says the U.S. is very behind the curve on testing for COVID-19.
Apr 17, 2020
Surveillance: 'Extreme' Jobless Numbers With Hooper
1966
Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says we're in a fast and furious market. Jason Farley, Johns Hopkins University Professor of Nursing, says we are being very resilient in our efforts to make sure we have enough personal protective equipment. Michelle Meyer, BofA Securities Head of U.S. Economics, says the latest U.S. jobless claims numbers suggest an unemployment rate of 14%-15%. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says unemployment is short of Great Depression levels in large part due to the Fed and Congress. Henrietta Treyz, Veda Partners Director of Economic Policy, says the current plan to reopen the economy is a mess because of the White House administration. David Rubenstein, Carlyle Co-Chairman and host of Peer-to-Peer Conversations, discusses his interview with Didi President Jean Liu.
Apr 16, 2020
Surveillance: U.S. Response Should Model Others, Stiglitz Says
1815
Joseph Stiglitz, Columbia University Professor, says Trump's decision to withhold W.H.O. funding is like defunding a fire department in the middle of a fire. Lauren Sauer Johns Hopkins University Assistant Professor of Emergency Medicine, says a coronavirus vaccine for the general public is likely one year away. Ken Leon, CFRA Director of Equity Research, says there is real risk in commercial real estate and construction at this time. Bill Priest, Epoch Investment Partners Executive Chairman and Co-Chief Investment Officer, says don't expect any buybacks by any U.S. bank this year.
Apr 15, 2020
Surveillance: Bank Earnings With Michaud
1883
Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, details the physical and emotional toll taken on by medical workers during the COVID-19 epidemic. Harry Tchilinguirian, BNP Paribas Head of Commodity Research & Senior Oil Analyst, does not expect a sustained recovery in the oil price until pent-up demand is released in Q3.
Apr 14, 2020
Surveillance: Fed's Clarida Says U.S. Can Escape Deflation
1897
Federal Reserve Vice Chairman Richard Clarida says the central bank has the tools needed to keep the U.S. out of a deflationary trap, even as the coronavirus deals a severe hit to the economy. Dennis Gartman, Retired Editor of the Gartman Letter, says this is a time to own gold. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research looks ahead to bank earnings and discusses the metrics she says will matter the most. Dr. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean of Public Health Practice and Community Engagement, says people who were reasonably sick from the coronavirus infection and got better are unlikely to get that sick again.
Apr 13, 2020
Surveillance: Virus Is Crisis Like No Other, Georgieva Says
2112
James Sweeney, Credit Suisse Chief Economist & CIO Americas, says the Fed is using the most aggressive tools it has to keep money flowing. Kristalina Georgieva, IMF Managing Director, says the world needs massive, well-targeted measures to help combat the coronavirus crisis. Ed Morse, Citi Research Global Head of Commodities, discusses President Trump's options if OPEC+ doesn't reach a deal. Jason Farley, Johns Hopkins University Professor of Nursing, says it is the immune system's response to the virus that is causing the issue, rather than the virus itself.
Apr 09, 2020
Surveillance: Broad Virus Testing Needed, Hochul Says
2450
Troy Gayeski, Skybridge Capital Partner Co-Chief Investment Officer & Senior Portfolio Manager, says if the market does not bottom until after Q2, there will be a much longer downside stretch than anticipated. Kathy Hochul, New York Lieutenant Governor, says broad virus testing is needed before the New York economy reopens. Stephen Roach, Yale University Professor, former Morgan Stanley Asia Chairman and former Morgan Stanley Chief Economist, says countries need to be careful about pointing fingers during this crisis. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses how hospitals are handling the surge of coronavirus patients. Paul Sankey, Mizuho Americas Oil & Gas Analyst, says the market will deliver cuts, and they will be deeper than any OPEC+ agreements.
Apr 08, 2020
Surveillance: Monetary Policy With William White
2027
Meredith Sumpter, Eurasia Group Head of Research Strategy, says China's global influence will increase during the coronavirus crisis. Gabriela Santos, JPM Asset Management Global Market Strategist, says that the U.S. may be one of the last countries to rid itself of the coronavirus crisis, from a health and economic perspective. William White, Former Chairman of the OECD Economic and Development Review Committee, is fearful that so much money-printing for so long won't re-stimulate the economy after the crisis is over. Ron Temple, Lazard Asset Management Co-Head Of Multi Asset Head of US Equity & Managing Director, says we need to see a continuation of Fed and fiscal stimulus. Alessandro Rebucci, Johns Hopkins University Carey Business School Associate Professor of Economics & Finance, says emerging markets will be put under extreme strain and are much less capable of absorbing the health dimensions of the coronavirus crisis.
Apr 07, 2020
Surveillance: Coronavirus Treatments With Sharfstein
1870
Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, is very bullish on America's recovery, saying there is more than enough federal stimulus for now. Joyce Chang, JPMorgan Chair of Global Research, says revisions on dividends and earnings will continue. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says it's important to temper expectations about potential coronavirus treatments. Ted Alden, CFR Senior Fellow & Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy," says there are a lot of incentives now for countries to pursue more nationalist policies. Martijn Rats, Morgan Stanley Global Oil Strategist, says the oil market is trading at an unusually deep discount.
Apr 06, 2020
Surveillance: Tariff Rollback Unlikely, Kudlow Says
2604
Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, believes it will be a long time before consumer behavior and confidence is restored in the U.S. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a strong social safety net will keep a coronavirus recession from becoming a depression. Larry Kudlow, National Economic Council Director, says he does not expect to see any movements in regards to tariffs right now. Amrita Sen, Energy Aspects Chief Oil Analyst, says no amount of oil supply cut will take care of the demand losses.
Apr 03, 2020
Surveillance: Historic Jobless Claims With Gapen
1767
Lori Calvasina, RBC Capital Markets, says the end of March market rally was due to a positive reaction out of Washington. Jason Furman, Harvard University professor and Former Obama Economic Advisor, says there will be very high unemployment for the rest of this year and next year. Michael Gapen, Barclays Chief U.S. Economist, says March jobs report is already old news; jobless claims data is the most important information we have. Jonathan Miller, Miller Samuel Real Estate Appraisers & Consultants, details how the housing market is dealing with fallout from the coronavirus.
Apr 02, 2020
Surveillance: Post-Virus Recovery with Dudley
2175
Olivier Blanchard, Peterson Institute Senior Fellow, says getting the infection rate down is an absolute priority. Bill Dudley, Former New York Fed President, says the post-pandemic economic recovery will not be as powerful as hoped because of higher debt burdens. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says that U.S. monetary and fiscal policy is moving in the right direction. Michael Shaoul, Marketfield Asset Management Chairman & Portfolio Manager, says there is nothing normal about where markets are today. David Rubenstein, Carlyle Group Co-Chairman, breaks down his interview with Former U.S. Defense Secretary James Mattis.
Apr 01, 2020
Surveillance: Virus Impact on Americans With Gallup's Younis
2397
Carmen Reinhart, Harvard Kennedy School Professor of the International Finance System, says the coronavirus, Saudi-Russia oil war, and risk of debt defaults have created a perfect storm for emerging markets. Mohamed Younis, Gallup Editor in Chief, reports that 52% of working Americans say their financial situation has already been affected by the coronavirus. Oliver Chen, Cowen Senior Equity Research Analyst, says the speed and viability of consumer spending post-crisis will be challenging. Shahab Jalinoos Credit Suisse Head of FX and Macro Trading Strategy, expects dollar strength to be relatively short-term. Julia Coronado, MacroPolicy Perspectives Founder & President, says the effectiveness of U.S. fiscal stimulus measures will determine if businesses can stay open and restart operations.
Mar 31, 2020
Surveillance: Fed's Balance Sheet With Bullard
2643
Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, expects to see the steepest decline in global oil consumption before the summer. James Bullard, Federal Reserve Bank of St. Louis President, says the Fed has capacity to carry 10% more debt. Bruce Kasman, JPMorgan Chief Economist and Managing Director of Global Research, says he wouldn't be surprised to see more Fed action. Richard Haass, Council on Foreign Relations President, says the United States will become less dependent on single supply sources in the future as a result of the coronavirus. Sebastien Galy, Nordea Bank Senior Macro Strategist, believes the Fed will continue to surprise and adapt to this brutal situation.
Mar 30, 2020
Surveillance: Fed's Virus Response With Kaplan & Bostic
2826
Catherine Mann, Citi Global Chief Economist, says there will be no second half rebound in 2020 if businesses that do not borrow bonds go bankrupt. Robert Kaplan, Federal Reserve Bank of Dallas President, sees a substantial contraction in the second quarter, but says the economy will get stronger heading into 2021. Raphael Bostic, Federal Reserve Bank of Atlanta President, says the economy may rebound quite robustly once the public health crisis is under control. Darrell Cronk, Wells Fargo Wealth & Investment Management CIO, says it is still a good idea to remain defensive on stocks. Dr. Krutika Kuppalli, Johns Hopkins Center for Health Security Fellow and Infectious Disease Physician, says there will be a resurgence in the number of coronavirus cases if businesses open too soon.
Mar 27, 2020
Surveillance: Record Jobless Claims with Porcelli
1818
David Kelly, JPMorgan Asset Management Chief Global Strategist, says the economy should be held in suspended animation until coronavirus is under control. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says this is just the beginning of jobless claims being elevated. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says the Senate's $2 trillion stimulus package is extraordinary but the cause of the coronavirus pandemic must still be dealt with. Karen G. Mills, Former Head of the U.S. Small Business Administration, estimates more than half of the 3.3 million U.S. jobs lost were from small businesses.
Mar 26, 2020
Surveillance: Coronavirus Response With Rajan
2266
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, believes we are entering a steep recession with tremendous policy response to follow. Raghuram Rajan, University of Chicago Booth School of Business Professor and former RBI Governor, discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. Carl Weinberg, High Frequency Economics Founder & Chief Economist, says we don't know the state of the economy of any major country in the world right now. Pavlina Tcherneva, Bard College Associate Professor of Economics, says the U.S. fiscal stimulus plan's focus on income support is the right thing to do. Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says state fiscal relief is an essential missing part of congress's coronavirus stimulus package.
Mar 25, 2020
Surveillance: Expect More Virus Cases, Rasmussen Says
2186
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so far. Bob Crandall, Former AMR Corp. President, CEO & Chairman, says the government needs to make a public investment in the airline industry in order to keep it functional. Leland Miller, China Beige Book CEO, says the idea of a full economic recovery any time soon is nonsense.
Mar 24, 2020
Surveillance: Congress Must Act Now, Swonk Says
1593
Peter Hooper, Deutsche Bank Global Head of Economic Research, says there is no question that the economy is going into free-fall in the near term. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says the Fed is starting to get some traction as the central bank announces a massive second wave of initiatives to support the U.S. economy. Diane Swonk, Grant Thornton Chief Economist, says congress must act now to help all sides of the economy. Ben Laidler, Tower Hudson Research CEO, expects a lot more pain for the financials.
Mar 23, 2020
Surveillance: U.S. GDP to Drop 12% in 2Q, BofA Says
1702
Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is a bad time to sell investments. Patrick Armstrong, Plurimi Wealth CIO, says earnings are going to be decimated for a lot of industries in Q2. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says the hardest part of this crisis is not knowing the demand growth we'll get in Q2. Michelle Meyer, Bank of America Head of U.S. Economics predicts U.S. GDP will drop 12% in the second quarter.
Mar 20, 2020
Surveillance: Time for Governments to Try MMT?
1727
Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, explains why Modern Monetary Theory could be part of the fiscal and monetary policy response to the coronavirus crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says I've never seen this kind of volatility in the treasury market. Nathan Sheets, PGIM Fixed Income Economist and Macroeconomic Research, says we should expect over one trillion dollars in fiscal stimulus within the next ten days. Sam Stovall, CFRA Chief Investment Strategist, says the Fed could reopen its arsenal activities used to combat the financial crisis of 2008.
Mar 20, 2020
Surveillance: The Fed Needs Fiscal Help, Dudley Says
1662
Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says signs are showing that a bottoming process has begun in stocks. Bill Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the Fed can do very little about the initial demand shock from the coronavirus. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, says the Fed is taking market stabilizing measures, but not looking to stimulate the economy. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macro Strategy, says the coronavirus has been a shock that has slowed down the U.S. consumer.
Mar 17, 2020
Surveillance: We're Headed For a Recession, Wilson Says
1698
Jane Foley, Rabobank Head of FX Strategy, says the Euro is currently giving misleading signs. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are headed for a global recession. Gershon Distenfeld, AB Co-Head of Fixed Income, says fear is taking over and in certain industries the economy is already shutting down. Randy Kroszner Former Fed Board Governor, says the fed is trying to get ahead of the curve.
Mar 16, 2020
Surveillance: We Are Likely In A Recession, Shilling Says
1963
Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the single most important thing that we could see as a sign of backstopping confidence in the financial markets right now would be a meeting between President Trump and Speaker Pelosi and Senator Schumer. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says the market sell-off is sheer panic. Christian Schulz, Citi Economics Team Director, discusses the need to "socialize losses" as central banks and governments combat the economic fallout from the coronavirus. Gary Shilling, Bloomberg Opinion Columnist & A. Gary Shilling & Co. President, says we are probably in a recession already. Marcus Ashworth, Bloomberg Opinion Columnist, says the world is looking at the U.S. to do something big and soon.
Mar 12, 2020
Surveillance: Central Bank Stimulus With Blanchflower
2081
Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much.
Mar 11, 2020
Surveillance: Oil Price War With Yergin
2289
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the correction we're going through now is just a continuation of the correction that began two years ago. Dan Yergin, IHS Markit Vice Chairman, says there is a grudge match going on between Saudi Arabia and Russia. Philipp Hildebrand, BlackRock Vice Chairman & Steven Major, HSBC Fixed Income Research Managing Director, discuss the low interest rate environment. Meredith Sumpter, Eurasia Group Head of Research Strategy, says Chinese leadership is more concerned about containing the coronavirus outbreak than getting the economy back up to speed. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the bond market is pricing a zero rate interest policy.
Mar 10, 2020
Surveillance: Market Plunge With El-Erian
3089
Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, foresees a "whatever it takes" approach for central banks. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says brent oil could dip into the $20s. John Wraith, UBS Head of U.K. Rates Strategy, says the markets are anticipating rates getting close to zero. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says panicked behavior creates opportunity for investors. Luke Kawa, Bloomberg Corss-Asset Reporter, discusses volatility in the U.S. 10-year yield.
Mar 09, 2020
Surveillance: Growth Is Likely To Slow, Kudlow Says
2403
Tiffany Wilding, PIMCO US Economist, says growth shock can lead to market panic. Farley Cleghorn, Palladium Health Director, discusses the issues surrounding testing for the coronavirus. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says payroll report shows the strength of the economy going into the virus shock. Lawrence Kudlow, National Economic Council Director, says growth is likely to slow, but the virus impact will be temporary.
Mar 06, 2020
Surveillance: Markets Negative For A While, Ward Says
2572
Howard Ward, Gabelli Funds CIO of Growth Equities, says we may reach new lows if earnings go negative. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says oil price correction may have run its course. Jim Bianco, Bianco Research and Bloomberg Opinion Columnist, talks rates and when he thinks the market will get to zero. Jean Claude Trichet, Former ECB President, says a coordinated interest-rate cut this week could have induced panic and wasn’t warranted. Tim Ryan, PwC U.S. Chairman and Senior Partner, says the coronavirus is a great example of how CEOs have to be prepared for anything.
Mar 05, 2020
Surveillance: Get Used To Low U.S. Yields, Caron Says
2233
Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says we should start getting used to lower yields in the U.S. Howard Dean, Former DNC Chair & Former Governor of Vermont, is incredibly disturbed by the low turnout among younger voters. Julia Coronado, MacroPolicy Perspectives President & Founder, says the Fed is running out ammo and fiscal policymakers will need to pick up the ball. Jared Bernstein, Center on Budget and Policy Senior Fellow, says the U.S. Economy will likely be growing well below trend by the time people vote for U.S. President. David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund who predicts the fund will grow to $2 trillion by 2030.
Mar 04, 2020
Surveillance: 2020 Is The Year Of Virus, Kelly Says
1959
David Kelly, JPMorgan Asset Management Chief Global Strategist, says we are only in the early chapters of what the coronavirus could mean for the global economy. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says conditions are in place for a tradable low. Mohamed Younis, Gallup Poll Editor in Chief, says 63 percent of Americans agree with the way President Trump is running the economy. Diane Swonk, Grant Thornton Chief Economist, says rate cuts won't be enough to cure the coronavirus crisis.
Mar 03, 2020
Surveillance: Health of Financial System With Weinberg
1454
Carl Weinberg, High Frequency Economics Chief Economist & Managing Director discusses the health of the financial system as the coronavirus continues to cloud the outlook for global growth. Terry Haines, Pangaea Policy Advisory Founder says presidential candidate Joe Biden can beat President Trump. Michael Shaoul, Marketfield Asset Management, says the bond market is just as prone to stresses as other parts of the market. Jennifer Rohn, UCL Micro Biologist, says washing hands more important than wearing face mask to protect against coronavirus.
Mar 02, 2020
Surveillance: Fed Needs To Act Soon, Darda Says
1742
Mike Darda, MKM Partners Chief Economist & Macro Strategist, says central banks, by doing nothing, are actually allowing financial conditions to tighten. Bob Michele, JPMorgan AM CIO and Head of Global Fixed Income, Currency & Commodities, says to expect central rate cuts across the globe. Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says fiscal easing is needed to avoid damaging economic potential in times of crisis. Erik Nielsen, Unicredit Group Chief Economist, says there is little monetary policy can do to offset a supply shock. Jim Bianco, Bianco Research President and Macro Strategist, says the coronavirus might be a bigger deal than the financial crisis.
Feb 28, 2020
Surveillance: Correction Has Room To Go, Rochester Says
1677
Jordan Rochester, Nomura G-10 FX Strategist, says markets are not used to a supply shock of the magnitude caused by the ecoronavirus. Dr. Adam Bernheim, Mount Sinai Hospital Cardiothoracic Radiologist, explains how lung scans could lead to quicker detection and diagnosis of coronavirus. Patrick Armstrong, Plurimi Wealth CIO, thinks the bond rally has probably gone too far. Shannon Cross, Cross Research co-founder, shares her outlook for tech as more companies issue profit warnings fueled by coronavirus concerns.
Feb 27, 2020
Surveillance: V-Shaped Recovery Is Nonsense, Roubini Says
2429
Greg Boutle BNP Paribas U.S. Head of Equity and Derivative Strategy, expects a lot more market volatility from here. Jean-Sébastien Jacques, Rio Tinto CEO, says the company is prepared for uncertainty from the coronavirus. Jimmy Whitworth, professor of international public health at the London School of Hygiene & Tropical Medicine, warns of the potential impact of the coronavirus on sub-Saharan Africa. Nouriel Roubini, NYU Stern School of Business Professor and Roubini Macro Associates Chairman, says markets are delusional about the coronavirus's impact on the global economy. Jeanne Zaino, Iona College Political Science Professor and Bloomberg Political Contributor, says the Democratic primary process does not work to the benefit of the Democratic party. Michael Nathanson, Moffettnathanson Senior Research Analyst, says Bob Chapek was the natural choice to replace Bob Iger as Disney CEO.
Feb 26, 2020
Surveillance: U.S. Equities In Good Shape, Laidler Says
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Ben Laidler, Tower Hudson Research CEO, thinks U.S. equities are in much better shape than many people think they are. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, thinks the Fed could be close to the point of taking action on the coronavirus. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says market uncertainty makes in almost impossible to take a three-year view. Dr. Peter Hotez, Baylor College of Medicine Dean, breaks down the most recent efforts to combat the coronavirus. Kevin Cirilli, Bloomberg Chief Washington Correspondent, says tonight's debate is most critical for Joe Biden.
Feb 25, 2020
Surveillance: Market Sell-Off With Matus
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Drew Matus, MetLife Investment Management Chief Market Strategist, says 2021 is when we really have to start thinking about there being a recession in the U.S. Todd Mariano, Eurasia Group U.S. Director, says there is a sense among campaign strategists that it may be too late for other candidates to catch up to Bernie Sanders. Selina Wang, Bloomberg China Correspondent, says the rate of new coronavirus cases in Hubei province seem to be stabilizing. Stuart Kaiser, UBS Head of Equity Derivatives Research, says the VIX at 25 or 30 would suggest "indiscriminate hedging." Kristina Hooper, Invesco Chief Global Market Strategist, says the Fed must be measured and thoughtful in its response to coronavirus risks.
Feb 24, 2020
Surveillance: Markets Not Pricing Risk, Coronado Says
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Julia Coronado, Macropolicy Perspectives President & Founder, says there is a lot of complacency in market pricing right now. David Lebovitz, JPMorgan Asset Management Global Market Strategist, says the big tech names have been keeping the rest of the tech sector afloat. Jonathan Fenby TS Lombard Chairman of China Research, says the coronavirus outbreak is a big test for the leadership in China. Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, says the global economy may hit stall speed because of the coronavirus. Michael McKee, Bloomberg International Economics & Policy Advisor, discusses his interview with ECB Board Member Philip Lane.
Feb 21, 2020
Surveillance: Democratic Debate with Howard Dean
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Terry Haines, Pangaea Policy Advisory Founder, says the race for the Democratic presidential nomination is more muddled after the Nevada debate. Howard Dean, Former Democratic Presidential Candidate & Former DNC Chairman, thinks that all six candidates who participated in Nevada's debate still have a chance of winning the nomination. Sonali Basak, Bloomberg Finance Reporter, breaks down what we know Morgan Stanley's plan to buy E*Trade. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the public has become an engaged buyer of stocks. Brett Ryan, Deutsche Bank Senior U.S. Economist, says firms are reluctant to lay workers off because of the tight labor market. Michael Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.
Feb 20, 2020
Surveillance: Monetary Policy with Goolsbee
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Chuck Gabriel, Capital Alpha President, thinks we could know whether Bernie Sanders will be the Democratic presidential nominee by the end of March. Austan Goolsbee, University of Chicago Professor and Former Adviser to President Barack Obama, says conventional monetary policy matters less now than it ever has before. Stephen Roach, Yale Professor and Author, explains why the world economy may be headed for a "temporary recession." Sophie Huynh, Societe Generale Multi Asset Strategist, says gold is one of the best preferred protections for asset allocation. David Rubenstein, Carlyle Group Co-Executive Chairman and Host of Peer to Peer Conversations discusses his interview with Charles Schwab.
Feb 19, 2020
Surveillance: Expect Others to Follow Apple, Campling Says
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David Kelly, JPMorgan Asset Management Chief Global Strategist, says U.S. GDP growth may slow to 1% or less in first quarter. Neil Campling, Mirabaud Securities Global Thematic Strategy Group Head of TMT Research, expects other companies to follow Apple in cutting their outlook. Elaine Kamarck, Brookings Senior Fellow in the Governance Studies, discusses which candidates she expects to have the momentum going into the Nevada Democratic debate. Michael Holland, Holland & Co. Chairman, says although he's mindful of the valuations in the big-cap names, he's not so concerned that he's a seller.
Feb 18, 2020
Surveillance: China's Economy in Jeopardy, Hotez Says
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Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is an unlikely time for U.S. outperformance to wane. Dr. Peter Hotez, Baylor College of Medicine Dean, calls for international cooperation in combating the coronavirus. Henrietta Treyz, Veda Partners Director of Economic Policy, discusses the tension between the U.S. and China over the coronavirus and trade. Torsten Slok, Deutsche Bank Chief Economist, says the labor market, including wages and job growth, is slowing down greatly. Jason Bordoff, Columbia Professor and former U.S. National Security Council and Director of Energy & Climate Change, says in his opinion, it’s an encouraging shift to see republicans recognizing climate change as a serious reality.
Feb 14, 2020
Surveillance: China Growth May Be Flat, Kasman Says
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Bruce Kasman, JPMorgan Chief Economist & Head of Global Research, says Chinese growth may be flat in the first quarter of 2020. Dr. Jennifer Rohn, University College London Micro Biologist, says the coronavirus is looking just as contagious as flu and just as lethal. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says we still have a global market recovery that is being delayed rather than derailed. Tavis McCourt, Raymond James Institutional Equity Strategist, says the coronavirus has upset market expectations in a way that is similar to the U.S.-China trade war.
Feb 13, 2020
Surveillance: Disputed Convention Possible, Valliere Says
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Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says it is a little too early to write Joe Biden off. Kate Moore, Head of Thematic Strategy for BlackRock's Global Allocation Investment Team, says the majority of returns from the equity market has to come from earnings. James Bevan, CCLA Investment Management Chief Investment Officer, says equity valuations are too low. Neil Shearing, Capital Economics Chief Economist, says we are still in a Goldilocks period of low but positive growth. Tony Dwyer, Canaccord Genuity Chief Market Strategist, says the valuation of the market is fair and earnings are unclear.
Feb 12, 2020
Surveillance: Fed Needs To Be Flexible, Laidler Says
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Ben Laidler, Tower Hudson Research CEO, thinks valuations are very well supported for U.S. markets. Representative John Yarmuth, Democrat from Kentucky and Chairman of the Budget Committee, says Donald Trump is the biggest motivating factor for Democrats right now. Gideon Rose, Foreign Affairs Magazine Editor, says the Chinese threat to U.S. hegemony is a long term challenge rather than an immediate crisis. Stephen Stanley, Amherst Pierpont Chief Economist, doesn't see the Fed moving on rates anytime before the U.S. election. John Butler, Bloomberg Intelligence Senior Telecoms Analyst, says the T-Mobile-Sprint deal will allow T-Mobile to move more aggressively on 5G.
Feb 11, 2020
Surveillance: Global Economy is Resilient, Stoltzfus Says
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John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says there is a remarkable resilience built into the global economy. Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities and Former Chief Economist and Economic Adviser to Vice President Joseph Biden, argues that Republicans want to get rid of safety net programs that bridge the gap between what people earn and what they actually need. Kit Juckes, Societe Generale Chief FX Strategist, does not see much that can prevent U.S. growth from slowing further. Sarah House, Wells Fargo Securities Senior Economist, says as the economy slowed over the past year, demand for labor has shifted downward.
Feb 10, 2020
Surveillance: Credit Suisse Chairman Should Resign, Herro Says
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David Herro, Harris Associates Chief Investment Officer, calls for Credit Suisse chairman Urs Rohner to resign. Ellen Zentner, Morgan Stanley Chief U.S. Economist, talks about jobs and salaries, and the recent income trend for people moving into prime of life. Elisa Martinuzzi, Bloomberg Opinion Columnist, says Credit Suisse's strategy will not take a turn under the new leadership of incoming CEO Thomas Gottstein. Lawrence Kudlow, National Economic Council Director, says the U.S. is engaged with China over export purchases.
Feb 07, 2020
Surveillance: Virus Causing Oil Shock, Says Goldman's Currie
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David Folkerts-Landau, Deutsche Bank Chief Economist, says there is no question that the movement away from the political center is infecting monetary and fiscal policy. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says the biggest impact from the coronavirus is coming from the quarantine. Henrietta Treyz, Veda Partners Director of Economic Policy, says Senator Romney will receive significant backlash for his conviction vote against President Trump. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are in a liquidity driven bull market and the market is being traded very defensively. Lanhee Chen, Hoover Institution Research Fellow and Policy Director for Mitt Romney's 2012 Presidential Campaign, reacts to Senator Mitt Romney's decision to vote to convict President Trump of abusing his power.
Feb 06, 2020
Surveillance: Eisman Ends Bet Against Tesla
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Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, discusses the companies he is currently shorting. Doug Kass, Seabreeze Partners President, talks about parabolic moves, like the one in Tesla, reminding they almost always return to the point of breakout; also Kass explains why he thinks shares of Amazon will trade $5000 a share by 2023. John Hudak, Brookings Senior Fellow Governance Studies, hopes this is the end of the Iowa caucuses. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says that the Fed cutting rates has created a huge tailwind for risk assets and commodities. Lindsey Piegza, Stifel Chief Economist, says moderate growth is the new normal for 2020.
Feb 05, 2020
Surveillance: Tesla Deserves Apple-Like Valuation, Munster Says
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Jens Nordvig, Exante Data Founder & CEO, says the drop in Chinese tourism as a result of the coronavirus will be a major hit to other countries' economies. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, says the delay in the Iowa Caucus could cast a shadow over the results. Michael Nathanson, Moffettnathanson Senior Research Analyst, says the cost inflection point may have come come for cord-cutting. Dr. Anthony Fauci Director of National Institute of Allergy and Infectious Diseases, says the coronavirus looks increasingly like a pandemic. Gene Munster, Co-Founder and Managing Partner of Loup Ventures, says Tesla deserves a valuation like Apple because it is a combination of hardware, software, and services.
Feb 04, 2020
Surveillance: Citi's Morse on Oil Downgrade
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John Ryding, Brean Capital Chief Economic Advisor, says the coronavirus is more of a supply shock than a demand shock outside of China. Miranda Carr, Haitong Securities Senior Analyst, says consumption might see a bigger hit from the coronavirus than manufacturing. Dr. Amesh Adalja, Johns Hopkins Bloomberg School of Public Health Senior Scholar, expects the 2% fatality rate from the coronavirus to come down as we gain more patient data. Mickey Levy, Berenberg Capital Markets Chief Economist U.S., Americas & Asia, says China’s coronavirus is dampening effects on global trade and could postpone a widely anticipated pickup. Edward Morse, Citi Global Head of Commodities, discusses their latest cut in oil prices forecast.
Feb 03, 2020
Surveillance: Coronavirus With Eurasia Group's Sumpter
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Dr. Peter Hotez, Dean of the National School of Tropical Medicine at Baylor College of Medicine in Houston, says the coronavirus is just as capable of being transmitted as SARS, but it is not as lethal. Meredith Sumpter, Eurasia Group Head of Research Strategy, details how China's political system is affecting its response to the coronavirus. Antony Phillipson, British Consul General to New York and Her Majesty's Trade Commissioner for North America, discusses next steps after the U.K. leaves the EU today. Margaret Patel, Wells Fargo Senior Portfolio Manager, says low inflation will be with us for the foreseeable future. Eileen Burbidge, Passion Capital Partner, says Amazon "absolutely" has more room to run from here.
Feb 03, 2020
Surveillance: Central Banks With Blanchflower & Kroszner
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David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech.
Jan 30, 2020
Surveillance: Repo Response Not Fueling Market, Dudley Says
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Vincent Reinhart, BNY Mellon Asset Management Chief Economist says central banks do not create extra demand; they borrow it. William Dudley, Bloomberg Opinion Columnist and Former Fed President, discusses his latest column on the repo market. Austan Goolsbee, University of Chicago Booth School Professor and Former White House Economic Adviser to President Obama, says there are parts of the economy that are quite weak despite the unemployment rate being low. Dr. Jennifer Rohn, University College London Principal Research Associate, says there may be a delay of developing information surrounding the coronavirus coming from China. Dan Ives, Wedbush Managing Director and Equity Research Analyst, says the IPhone 11 product cycle is much stronger than anyone could have anticipated, especially in China.
Jan 29, 2020
Surveillance: Can't Rely On Central Banks, El-Erian Says
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Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the market will bottom once the number of coronavirus infections stabilizes. Walter Piecyk, Lightshed Technology, Media & Telecom Analyst and Partner, says the valuation of Apple is at a new realm and premium. Stephen Pagliuca, Bain Capital Co-Chairman & Boston Celtics Co-Owner, reflects on the life and legacy of Kobe Bryant. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says we cannot rely on central banks to keep the whole game going. Andrew Hollenhorst, Citigroup Global Markets Chief U.S. Economist, says there is so much uncertainty in the economy because of the coronavirus.
Jan 28, 2020
Surveillance: Market Sell-Off with Weinberg
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Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, says the the Coronavirus uncertainty hit may be smaller than markets are currently pricing in. Thomas Mulier, Bloomberg Healthcare Editor, says China is trying to 'catch-up' to the Coronavirus outbreak, as new medical facilities are being built in Wuhan. Kit Juckes, Societe Generale Chief FX Strategist, says emerging markets are going to have a rough time if the U.S. economy is growing slowly. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says investors are using the Coronavirus as an opportunity to cash in on profits. Jared Bernstein, Center on Budget & Policy Senior Fellow and former Chief Economist & Economic Adviser to Vice President Joe Biden, says the political middle in the U.S. has shifted from 10 years ago.
Jan 27, 2020
Surveillance: ECB Not On Autopilot, Lagarde Says
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Christine Lagarde, European Central Bank President, warns markets not to assume that ECB policy is on autopilot. Sheila Patel, Goldman Sachs Asset Management Chairman, says we are in a better place with liquidity compared to a year ago. Jacob Frenkel, JPMorgan Chase International Chairman, says the greatest danger to the economy's growth is fragmentation. Angel Gurria, OECD Secretary General, says we must now defend multilateralism. Stephen Pagliuca, Bain Capital Co-Chairman, says the returns in private equity are still world-class.
Jan 24, 2020
Surveillance: Don't Expect Much From Fed, Solomon Says
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Ken Moelis, Moelis & Company Chairman, CEO & Founder, says markets are pretty much priced for perfection right now. Soren Skou, Maersk CEO, doesn't expect trade growth to pick up in 2020. Mark Rutte, Dutch Prime Minister, is optimistic about a trade deal between the U.S. and the EU. Bill Winters, Standard Chartered CEO, says peace is prevailing in Hong Kong. Stacey Cunningham, NYSE President, talks about 'trading in the dark' as well as finding the best price in the market. David Solomon, Goldman Sachs Chairman & CEO, doesn't see any booms or busts happening anytime soon.
Jan 23, 2020
Surveillance: Davos Day 2
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Bruno Le Maire, French Finance Minister, says postponing a digital tax on the U.S. until the year's end is a fair compromise. Elaine Chao, U.S. Secretary of Transportation, says there is no timetable for returning the grounded Boeing 737 Max. David Rubenstein, Carlyle Co-Chairman, discusses changes in private equity. James Gorman, Morgan Stanley CEO, says we are in a very benign period with relative global stability. Scott Minerd, Guggenheim Global CIO, says the U.S. Federal Reserve is encouraging investor behavior that fuels a bubble in U.S. corporate credit markets. Bloomberg's Sonali Basak discusses major themes at the World Economic Forum in Davos.
Jan 22, 2020
Surveillance: We Have Reached Peak Globalization, Bremmer Says
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Ian Bremmer, Eurasia Group Founder, says we have absolutely reached the peak of globalization. Stephen Schwarzman, Blackstone CEO, says investing in technology has enormous benefits. Michael Corbat, Citigroup CEO, says the consumer remains the backbone of the U.S. Economy. Martin Flanagan, Invesco CEO, expects clients to return once the firm has fully absorbed OppenheimerFunds. Roberto Azevedo, World Trade Organization Director General says it is good to see U.S.-China tensions contained by the Phase-One trade deal.
Jan 21, 2020
Don't Underestimate The Fed, Hooper Says
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Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, believes this could be the year the public fully engages with the U.S. equity market. Kristina Hooper, Invesco Chief Global Market Strategist, says we can't underestimate the power of the Fed. George Evans, CIO of Global Equities and Portfolio Manager for the Invesco Oppenheimer International Growth Fund, says emerging markets are led by commodities. Margaret Brennan, Face the Nation Host, reflects on the opening of President Trump's impeachment trial. Chris Whalen, Whalen Global Advisors Chairman, details 4 global banks that he says are not efficient at making money.
Jan 17, 2020
Surveillance: Record High Stocks With BNP's Morris
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David Pearl, Epoch Co-Chief Investment Officer & Portfolio Manager, says Morgan Stanley is now the king of wealth management. Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says escalation could happen very quickly under the Phase-One trade deal between the U.S. and China. Daniel Morris, BNP Paribas Senior Investment Strategist, says 2020 market risks aren't much different from those in 2019. Dana Peterson, Citi Global Economist, says department stores are losing market share to non-store retailers.
Jan 16, 2020
Surveillance: Banks Are Underpriced, Leon Says
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Ken Leon, CFRA Director Equity Research, says banks are underpriced relative to the market. Henrietta Treyz, Veda Partners Managing Partner & Head of Economic Policy, says investors sense that President Trump cares specifically about the stock market. Megan Greene, Harvard Kennedy Senior Fellow, says there is plenty of evidence for low growth and inflation for years to come. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Strategist, expects small cap stocks to have a year of outperformance. Stephen Schork, Schork Group President, says we are concerned about the ongoing industrial recession in the U.S.
Jan 15, 2020
Surveillance: Bank Earnings With Tom Michaud
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Shahab Jalinoos, Credit Suisse Head of FX Macro Trading Strategy, says there are no macro risks affecting monetary policy. Tom Michaud, KBW CEO, breaks down results from JPMorgan and discusses the future of big U.S. banks. Geoffrey Yu, UBS Wealth Management Head of U.K. Investment Office, says central banks are going to stay lower for a very long time to come. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says cyclical sectors are beginning to show signs of life, even as data remains soft.
Jan 14, 2020
Surveillance: Stimulus in the market through repo , Misra says
1927
Richard Haass, Council on Foreign Relations President, believes the U.S. and Iran must agree to a reasonable deal in order to ease protester tensions. Priya Misra, TD Securities Head of Global Rates Strategy, says the Fed has put a lot of stimulus in the system through the repo market. Betsy Graseck, Morgan Stanley Global Head of Banks & Diversified Finance Research says as banks report earnings we expect to see net interest margin under pressure in 4Q. Doug Holtz-Eakin, American Action Forum President & Former Director of the Congressional Budget Office says raising taxes and dodging the spending budget is bad news.
Jan 13, 2020
Surveillance: Everything In Place On China Deal, Kudlow Says
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Steven Cook, CFR Senior Fellow for Middle East And Africa Studies, says the U.S. is engaging in psychological warfare with Iran and not deescalating tensions with the region. Ellen Zenter, Morgan Stanley's Chief US Economist, says there is no indication businesses are broadly laying off workers. Randy Kroszner, University of Chicago Professor and Former Fed Governor, says the fed is more likely to stay on hold. Lawrence Kudlow, National Economic Council Director, says everything is completely in place for the Phase One U.S.-China trade deal.
Jan 10, 2020
Surveillance: Slower Jobs Growth in 2020, Glassman Says
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Jim Glassman, JPMorgan Senior Economist, says 2020 will be the year we see slower job growth. Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the economy has moved in tiny increments. Admiral James Stavridis, Bloomberg Opinion Columnist and Former NATO Supreme Allied Commander says Soleimani was a dangerous enemy of the U.S. and taking his skills away from the Iranian regime is a tactical plus. Brooke Sutherland, Bloomberg Opinion Columnist, discusses the next steps for Boeing.
Jan 09, 2020
Surveillance: Iran Risk Has Gone Down, Eurasia's Rome Says
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Henry Rome, Eurasia Group Global Macro Analyst, says the risk of a major military confrontation between the U.S. and Iran has gone down. Robert Hormats, Kissinger Associates Vice Chairman, says the U.S. must now help stabilize the situation in Iraq. Greg Farrell, Bloomberg Legal Reporter, discusses next steps for Carlos Ghosn after press conference from Lebanon. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman, discusses his interview with Dangote Group Founder Aliko Dangote.
Jan 08, 2020
Surveillance: Growth Composition Is Improving, Dutta Says
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Adam Posen, Peterson Institute President, says there are very fundamental causes of low rates. Steven Cook, CFR Senior Fellow For Middle East And Africa Studies, says the U.S. can continue to fight terrorism without as large of a footprint in the Middle East. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says volatility stays low as prices advance. Neil Dutta, Renaissance Macro Head of Economic Research, says the composition of growth is improving.
Jan 07, 2020
Surveillance: 2020 Is A Tipping Point, Eurasia's Bremmer Says
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Ian Bremmer, Eurasia Group President & Founder, says 2020 is a tipping point for the big global trends out there. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, says a trade conflict was expected between the U.S. and China year ago, but it was expected to be resolved. Henry Rome, Eurasia Group Iran Analyst, believes the killing of Qasem Soleimani will come to be seen as a miscalculation from the U.S. Mujtaba Rahman, Eurasia Group Managing Director for Europe, says the EU doesn't have a great strategic answer for the U.K.'s exit. And Amy Myers Jaffe, CFR David M. Rubenstein Senior Fellow for Energy and the Environment & Director of the Program on Energy Security and Climate Change, offers her insight on recent events in the Middle East and energy.
Jan 06, 2020
Surveillance: Iran Has Capable Cruise Missiles, Stavridis Says
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Nick Wadhams, Bloomberg State Department Reporter, brings us an update on President Trump's strategy in the Middle East. Amrita Sen, Energy Aspects Chief Oil Analyst, says there will be a lot of pressure on Iraq to push out pro-U.S. forces. Marc Champion, Bloomberg News Senior Reporter for International Affairs, discusses Iran's sphere of influence. Admiral James Stavridis, Bloomberg Opinion Columnist & Former NATO Alliance Supreme Allied Commander, says the U.S. military is prepared for Iran's response. Mark Kimmitt, Former Assistant Secretary of State for Political-Military Affairs, says President Trump is taking a risk with this latest foreign policy move. And Margaret Brennan, CBS Face the Nation Host, says the silence from the U.S. State Department was "deafening" last night.
Jan 03, 2020
Surveillance: 2020 To Be Year Of Reckoning, Albertson Says
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Robert Albertson, Sandler O'Neill Chief Investment Strategist, says 2020 will be a year of reckoning. Chris Bryant, Bloomberg Opinion Columnist, provides an update on former Renault-Nissan Head Carlos Ghosn's escape from Japan to Lebanon. Henrietta Treyz, Veda Partners Managing Partner & Head of Economic Policy, is not optimistic about Phase Two negotiations taking place in the near future. And Jeffrey Sachs, Columbia University Professor, says the U.S. political system is broken.
Jan 02, 2020
Surveillance: No Recession in 2020, Emanuel Says
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John Ryding, Chief Economic Advisor to Brean Capital, says we are entering 2020 with no fear of a recession. Dana Khraiche, Bloomberg News, reports that Lebanese officials will help and support Carlos Ghosn, who is viewed as a national hero. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says more public interest in stocks will drive bond yields higher in 2020. Alexandra Harris, Bloomberg Gov't Bonds & FX Reporter, analyzes how the Fed succeeded in thwarting major year-end turmoil in funding markets.
Dec 31, 2019
Surveillance: China's PMIs Showing Resilience, Haque Says
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Kona Haque, ED&F Man Head of Research, says China's government has to continue to apply stimulus to keep growth momentum ticking. Mike Gallagher, Continuum Economics Managing Director of Macro and Strategy, doesn't expect China to get a major lift from a trade truce. Ira Jersey, Bloomberg Intelligence U.S. Rates Strategist, details what to watch for in the next Fed minutes. Geetha Ranganathan, Bloomberg Intelligence Analyst: U.S. Media, predicts that Netflix might become a victim of its own success.
Dec 30, 2019
Surveillance: Citi's Hollenhorst Weighs 2020 Risks
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Bloomberg's Paul Sweeney and Sonali Basak host today's show. Andrew Hollenhorst, Citi Chief U.S. Economist, discusses the transition to automation by urging the creation of new opportunities and engines of growth. Karen Leigh, Bloomberg News Greater China Government Editor, gives an update on the protests in Hong Kong as the region braces for more demonstrations in the new year. Kevin Book, Clearview Energy Partners Head of Research, says the trade war between the U.S. and China is far from over. And David Kirkpatrick, Techonomy Media CEO & Founder, provides a forecast for tech and government regulation in 2020.
Dec 27, 2019
Surveillance: Negative Rates with Mohamed El-Erian
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Michael Holland, Holland & Co. Chairman and Founder, thinks the Fed is far more important for markets than a U.S.-China trade deal. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, believes retailers will follow in Amazon's footsteps with one-day shipping. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says it is not up to central banks to get out of the negative rates experiment. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says investors should be tactically cautious going into 2020. David Kotok, Cumberland Advisors Co-Founder & CIO, says negative interest rates are at a peak.
Dec 24, 2019
Surveillance: Boeing's Rough Year
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Catherine Mann, Citi Global Chief Economist, says the U.S.-China Phase 1 agreement looks similar to the deal proposed earlier this year in May. Kit Juckes, Societe Generale Chief FX Strategist, thinks the Chinese Yuan is as important as the Euro or the U.S. dollar now. George Ferguson, Bloomberg Intelligence Senior Aerospace and Airline Analyst discusses the implications of Boeing CEO Dennis Muilenburg stepping down. Brooke Sutherland, Bloomberg Opinion Columnist, says Boeing is at serious risk of losing its competitive edge. Greg Valliere, AGF Investments Chief U.S. Policy Strategist thinks that President Trump's 2017 tax cuts continue to fuel the market rally today.
Dec 23, 2019
Surveillance: The Future of Capitalism With Gideon Rose
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Dr. Randall Kroszner, University of Chicago Booth School of Business Professor, says the Fed is going to gradually increase its balance sheet to provide liquidity. Gideon Rose, Foreign Affairs Magazine Editor, discusses the future of capitalism. Kevin Cirilli, Bloomberg Chief Washington Correspondent, gives a briefing on the latest Democratic debate from Los Angeles. John Butler, Bloomberg Intelligence Senior Analyst of Telecoms, says he's surprised to see Apple is exploring satellites. And Margie Patel, Wells Fargo Wells Fargo Asset Management Senior Portfolio Manager, says China's growth is clearly slowing down.
Dec 20, 2019
Surveillance: Trump Has United Republicans, Valliere Says
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Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, observes rising interest rates across the Eurozone area. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, was surprised to see House Speaker Nancy Pelosi may delay next steps in the impeachment process. Dennis Gartman, The Gartman Letter Author, discusses his decision to retire his famous morning note. Doug Kass, Seabreeze Partners President & Founder, calls in to ask a question to Gartman. And Margaret Franklin, CFA Institute CEO & President, says she still sees high demand for chartered holders.
Dec 19, 2019
Surveillance: Secular Forces Keeping Inflation Low, Mai Says
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Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, sees inflation remaining below 2% over the next year. Nicola Mai, PIMCO Portfolio Manager & Sovereign Credit Analyst, does not foresee significant increases in inflation next year. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the idea of a recession is funny. And Emily Wilkins, Bloomberg Government Reporter, provides an update on where impeachment motions stand.
Dec 18, 2019
Surveillance: What Is China's Worst Nightmare With LSE's Jin
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Jerome Schneider, PIMCO Head of Short-Term Portfolio Management and Manager of the $14 Billion Cash Management Fund, PIMCO Mint, says we should expect volatility in repo rates. Keyu Jin, LSE Economics Professor, says there has been a divergence in business and consumer sentiment. Kallum Pickering, Berenberg Senior Economist, says the ECB does not have the firepower to start a recovery in Europe. And Lindsey Piegza, Stifel Chief Economist, says it remains to be seen whether there is an appetite among Fed officials for a change in policy strategy. ------
Dec 17, 2019
Surveillance: Expect Easing Mid-2020, Misra Says
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Jens Nordvig, Exante Data Founder & CEO, says global growth is the most important variable for the dollar. David Kelly, JPMorgan Asset Management Chief Global Strategist, says rising trade tensions hurt the rest of the world more than the U.S. Priya Misra, TD Securities Managing Director & Global Head of Rates Strategy, expects the Fed to restart easing by mid-2020. And Henrietta Treyz, Veda Partners Director of Economic Policy, says she could see further delays in trade talks between the U.S. and China.
Dec 16, 2019
Surveillance Special from Westminster Green
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Tom Keene and Jon Ferro broadcast a Surveillance Special on TV and Radio from the Westminster Green. Alan Wager, U.K. In a Changing Europe Researcher, says Boris Johnson now has to focus on uniting the U.K. after a landslide victory. Trevor Greetham, Royal London Asset Management Head of Multi-Asset, provides an outlook for sterling and gilts. Rosalind Mathieson, Bloomberg International Government Editor, predicts what Boris Johnson's new cabinet may look like. Ben Ritchie, Aberdeen Asset Management Senior Investment Manager, thinks U.K. bond yields have remained surprisingly low during the uncertainty of Brexit. And Maria Demertzis, Bruegel Deputy Director, thinks that the U.K. and the EU could reach a trade agreement in less than a year.
Dec 13, 2019
Surveillance: Lagarde's Optimistic Note For The Economy
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Steven Major, HSBC Global Head of Fixed Income Research, is taking any increase in yield as a buying opportunity. Frederik Ducrozet, Pictet Wealth Management Strategist, says the first action the ECB has to take next year is to ease. Ted Alden, Council on Foreign Relations Senior Fellow, says he expects the U.S.-China trade deal to be delayed this week. Christine Lagarde, ECB President, says she sees signs of stabilization in euro zone. Stephanie Flanders, Bloomberg News Head of Economics, reacts to the ECB press conference and President Trump's tweets on a nearing trade deal.
Dec 12, 2019
Surveillance: U.K.'s Tories Vs. Labour With Cavendish
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Roger Bootle, Capital Economics Founder & Chairman, says the U.K.'s Conservative Party has been inching toward the center of the political spectrum. Camilla Cavendish, Former Head of Policy for U.K. Prime Minister David Cameron, says the Tories are aspiring to be the voice of the working class. Lale Topcuoglu, JOHCM Senior Fund Manager, says Chairman Powell has been very clear he does not see us at QE. Wendy J. Schiller, Brown University Chair of Political Science, discusses the history of impeachment in the House and Senate. And David Blanchflower, Author & Dartmouth Professor of Economics, says employment rates are still below where they were a decade ago.
Dec 11, 2019
Surveillance: Trichet On Negative Interest Rates
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Seema Shah, Principal Global Investors Chief Strategist, expects equities to rise next year, giving "vertigo" discomfort to investors. Jonathan Fenby, TS Lombard European Politics Managing Director & China Chairman, says the silence between the U.S. and China shows negotiations are very serious. Jean-Claude Trichet, Former President of the European Central Bank, says the positive effects of negative interest rates outweigh the negative. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says economic activity in the United States is still strong. Matt Winkler, Bloomberg Editor-In-Chief Emeritus, discusses his latest Bloomberg Opinion piece. And Emily Wilkins, Bloomberg Government Congressional Reporter, wraps the impeachment news of day.
Dec 10, 2019
Surveillance: Phase One Chances Are Slim, Says NABE's Hunter
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Alberto Gallo, Algebris Investments Head of Macro Strategies, says many global positive-yielding bonds could be zombies. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, sees an uptick in inflation expectations for 2020. Jeff Currie, Goldman Sachs International Global Head of Commodities Research, says the U.S.-China trade war is exacerbating structural issues in the oil market, not causing them. And Constance Hunter, KPMG Chief Economist and NABE President, thinks the chances for a phase one trade deal are slim.
Dec 09, 2019
Surveillance Special: Paul Volcker's Legacy
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In this Surveillance Special, Tom Keene and Paul Sweeney remember the life and legacy of Paul Volcker, Former Chair of the Federal Reserve. We hear from Bloomberg's Bob Moon, Former SEC Chair Arthur Levitt, Bloomberg's Michael McKee, Grant Thornton's Diane Swonk and RDQ Economics' John Ryding.
Dec 09, 2019
Surveillance: America Is Working, NEC's Kudlow Says
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Julia Coronado, MacroPolicy Perspectives President and Founder, says Europe does not have an engine of growth. Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, and Michael Collins, PGIM Fixed Income Senior Portfolio Manager, react to the massive jobs report surprise. Tiffany Wilding, PIMCO U.S. Economist, says the United States economy and job creation is accelerating. And Larry Kudlow, National Economic Council Director, says the U.S. cannot permit unfair trading practices from our allies or non-allies.
Dec 06, 2019
Surveillance: The Unilateral Trade Road With CFR's Alden
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Roger Diwan, IHS Markit Vice President of Financial Services, says it is not clear how much ability other OPEC countries will have to follow Saudi Arabia's oil supply cuts. Luigi Zingales, University of Chicago Booth School Finance Professor, discusses the fundamental difference between climate change and climate risk for banking. Anat Admati, Stanford Finance Professor, says problems plaguing democracy and capitalism are rooted between corporations and governments. And Ted Alden, CFR Senior Fellow, says we have gone "far down" a unilateral trade road with this administration.
Dec 05, 2019
Surveillance: NATO Summit With Adm. Stavridis & Vinjamuri
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Savita Subramanian, Bank of America Merrill Lynch Head of U.S. Equity & Quantitative Strategy, thinks cyclicals could see a strong rally on a skinny trade deal. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, says the vast majority of Americans still want to be in NATO. Jane Foley, Rabobank Head of FX Strategy, thinks U.K.-EU trade talks could bring back a no-deal Brexit risk next year. James Stavridis, Former NATO Supreme Allied Commander & Bloomberg Opinion Columnist, says he is concerned about Turkey’s direction and their willingness to partner so closely with Russia in Syria. And Brian Wieser, Group M Global President of Business Intelligence, discusses the changing nature of ad breaks.
Dec 04, 2019
Surveillance: Anti-Tariff Pressure Strongest Ever, says Treyz
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Troy Gayeski, SkyBridge Capital Co-Chief Investment Officer, thinks the U.S. dollar has finally topped out. Henrietta Treyz, Veda Partners Director of Economic Policy, believes the pressure on the administration not to impose tariffs is stronger than it has ever been. Dennis Gartman, The Gartman Letter Editor and Publisher, shares memories of his iconic newsletter ahead of its planned last edition on Dec. 31. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, thinks mid-single digit returns may be the best-case scenario for 2020.
Dec 03, 2019
Surveillance: The Retail Transformation with Cowen's Chen
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Carl Weinberg, High Frequency Economics Founder & Chief Economist, doesn't see an end to the industrial recession as long as inventories are rising. Oliver Chen, Cowen Senior Equity Research Analyst, details research which suggests a niche area of apparel is growing double digits, despite weakness in the broad sector. Diane Swonk, Grant Thornton Chief Economist, says consumers are showing signs of weakness just as businesses are finally showing signs of life. Bill Smead, Smead Capital Chief Investment Officer & Founder, expects millennials to double their use of gasoline in the next 10 years. Sonali Basak, Bloomberg Finance Reporter, previews what's in store in the next decade for Goldman Sachs.
Dec 02, 2019
Surveillance: Macy's Needs To Amaze Again, Telsey Says
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John Authers, Bloomberg Opinion Columnist, says populist politicians have played their hands poorly in 2019. Joseph Abboud, Clothing Designer & Tailored Brands Creative Director, says Black Friday matters more for accessories and sportswear than custom suits. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, teases the item poised to become the “fashion must-have” of the 2019 holiday season! And Elaine Sciolino, Former NYT Correspondent & Author of “The Seine," details the famous river.
Nov 29, 2019
Surveillance: Negative Interest Rates With Kotok
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Greg Boutle, BNP Paribas U.S. Head of Equity and Derivative Strategy, expects U.S. manufacturing weakness to start broadening out to the rest of the economy. Andrew Hollenhorst, Citi Chief U.S. Economist, says the stock market gains are not experienced widely across the economy. David Kotok, Cumberland Advisors Chairman & CIO, says ECB's Christine Lagarde has a difficult task right now. And Karen Ubelhart, Bloomberg Intelligence Senior Analyst for Machinery, provides an industrial outlook for 2020.
Nov 27, 2019
Surveillance: LVMH's Tiffany & Co. Buy Is Win-Win, Sadove Says
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Brian Levitt, Invesco Global Market Strategist, says we are returning to an environment of more stable growth. Stephen Sadove, Senior Adviser for Mastercard and former Saks CEO, thinks LVMH buying Tiffany & Co. is a win-win. Sarah House, Wells Fargo Securities Senior Economist, foresees one more rate cut in their forecast. Adm. James Stavridis, Former NATO Supreme Allied Commander & Bloomberg Opinion Columnist, discusses President Trump's recent decisions regarding the Navy SEALs. And Geetha Ranganathan, Bloomberg Intelligence U.S. Media Analyst, says Disney's performance this year has been phenomenal. ------
Nov 26, 2019
Surveillance: Goldman's Currie Says Get Long Commodities
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Chris Marangi, Gabelli Funds Co-CIO, says the market is pivoting towards value from momentum. Jeff Currie, Goldman Sachs International Global Head of Commodities Research, recommends getting long commodities today. Geoffrey Yu, UBS Private Banking CIO, says the dollar has topped out but it doesn't mean we're starting a dollar bear trend. Deborah Aitken, Bloomberg Intelligence Senior Analyst of Luxury Goods, sees the LVMH Tiffany tie-up as mutually beneficial for both companies, particularly when it comes to expanded market share in the luxury jewelry sector. Sonali Basak, Bloomberg TV & Radio Finance Reporter, says Charles Schwab aims to diversify their business in buying TD Ameritrade.
Nov 25, 2019
Surveillance: Beijing Will not Simply Yield to WH, says Hormats
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Luke Tilley, Wilmington Trust Chief Economist, is optimistic equities will see a positive impact from a looming Phase One deal. Robert Hormats, Kissinger Associates Vice-Chair, says after visiting China, he thinks the Chinese are committed to a tariff deal but adds Beijing will not yield to White House demands simply because its economy is slowing. Dan Ives, Wedbush Securities Managing Director of Equity Research, says Tesla's 'Cybertruck' may be dead on arrival when it hits the market in 2022. Margaret Brennan, Face the Nation Host, says many conversations surrounding President Trump's hearings don't seem to have been moved forward by this week's testimonies. Priya Misra, TD Securities Managing Director & Global Head of Rates Strategy, is worried that cracks in the consumer are beginning to appear.
Nov 22, 2019
Surveillance: The Foothills Of A Cold War With Baucus
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Laurence Boone, OECD Chief Economist, expects growth to remain stuck for the next two years due to trade uncertainty. Joe Quinlan, Head of CIO Market Strategy for Merrill and Bank of America Private Bank, says Europe is looking "less bad" as global markets continue to bottom out. Lale Topcuoglu, JOHCM (USA) Inc. Senior Fund Manager, believes there is no such thing as cash on the sidelines. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says yields are not that attractive to take on duration risks. And Max Baucus, Former U.S. Ambassador to China, says President Xi is clearly nationalistic.
Nov 21, 2019
Surveillance: Value In International Stocks, Santos Says
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Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is value in international stocks. Bill Dudley, Former New York Fed President, says contrary to the recent Fed report, he thinks there are two significant economic risks on the horizon. Todd Mariano, Eurasia Group U.S. Director, believes there is a veto-proof majority in support of the Hong Kong Human Rights and Democracy bill. Megan Greene, Harvard Kennedy School Senior Fellow, says global growth will look better next year because emerging markets will be less squeezed. Dan Alpert, Westwood Capital Founding Managing Partner, says jobs numbers have been dented by the lack of government spending on infrastructure.
Nov 20, 2019
Surveillance: AT&T Downgraded To Sell With Moffett
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Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, explains why interest rates are just one piece of the dollar puzzle. Henrietta Treyz, Veda Partners Managing Partner & Director of Economic Policy Research, says she doesn't think the phase one trade deal will come. David Herro, Harris Associates CIO of International Equities, discusses his outlook on the U.S. economy, as well as his expectations for the S&P sectors. Gregory Zuckerman, author of "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution," outlines the advantages of quantitative thought. And Craig Moffett, Moffettnathanson Founding Partner & Senior Research Analyst, explains his early morning bear call on AT&T.
Nov 19, 2019
Surveillance: Phase One Deal Will Be Cosmetic, Coronado Says
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Dan Ahn, BNP Paribas Chief U.S. Economist & Head of Markets 360 North America and Former U.S. Department of State Chief Economist, expects another round of insurance cuts from the Fed. Ellen Wald, Atlantic Council Senior Fellow, says Saudi Aramco's $25 billion IPO is not just about capital for the company. Bloomberg's Anna Edwards sat down with Labour Party Leader Jeremy Corbyn and he says his party have a 'good relationship' with BOE Governor Mark Carney. Julia Coronado, Macropolicy Perspectives President & Founder, says the issues that divide the U.S. and China are not easily resolved. And Georgette Boele, ABN Amro Senior FX & Previous Metals Strategist, says right now, investors are very long gold.
Nov 18, 2019
Surveillance: Global Growth Is Bottoming, Cantrill Says
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Howard Ward, Gabelli Funds CIO of Growth Equities, thinks it's time for the White House to "stop manipulating the market" when it comes to trade deal progress. Libby Cantrill, PIMCO Head of Public Policy, says uncertainty and tensions with China are not going away any time soon. Molly Smith, Bloomberg Corporate Finance Reporter, says this week's strong demand for Abbvie's bonds show there's a lot of confidence in the tie-up between Abbvie & Allergan. John Authers, Bloomberg Opinion Columnist, details the deep economic links between China and emerging markets. And Lord Adair Turner, House of Lords & G-30 Member, says in terms of pensions, Sweden has made some sensible policies.
Nov 15, 2019
Surveillance: Infrastructure Investment Needed, Swonk Says
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Steven Wieting, Citi Private Bank Global Chief Investment Strategist, expects a new all-time high in profits next year. Mary Lovely, Peterson Institute Non-Resident Senior Fellow, says it will be wise for President Trump to make a deal with China. Nicola Mai, PIMCO Sovereign Credit Analyst, says it's very difficult for the ECB to raise inflation without help from the fiscal authorities. Diane Swonk, Grant Thornton Chief Economist, says what we really need for U.S. eco growth is infrastructure investment. And Sarah Halzack, Bloomberg Opinion Columnist, says Walmart's grocery division, which accounts for 56% of its U.S. sales, has an advantage over Amazon due to its infrastructure nationwide.
Nov 14, 2019
Surveillance: Pessimism Of Summer Reversed, Shaoul Says
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Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, thinks the deep market pessimism of the summer is returning to normal. Alicia Levine, BNY Mellon Chief Strategist, says cyclical sectors are beginning to show signs of life even as data remains somewhat soft. Terry Haines, Pangaea Policy Advisory Founder, says the U.S. is ultimately pursuing for an "enforceable" deal with China. Karen Leigh, Bloomberg Greater China Government Editor, reports retail and travel have taken a hit in recent months in Hong Kong. And Chris Rupkey, Chief Financial Economist at MUFG Union Bank, says it sounds like President Trump is still taking a hard line on trade with China.
Nov 13, 2019
Surveillance: Outlook For Manufacturing Isn't Great, Amoa Says
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Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, says a lot of the concerns about global growth that were weighing on sentiment have been priced out of the market. Neil Shearing, Capital Economics Group Chief Economist, says we are in a new era of structurally weaker growth in emerging and developed markets. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says America's energy boom has boosted U.S. immunity to the trade war with China. And Geetha Ranganathan, Bloomberg Intelligence U.S. Media Analyst, says Disney+ is the linchpin for Disney's direct-to-consumer strategy.
Nov 12, 2019
Surveillance: Forward-Looking Data Is Up, Achuthan Says
2019
George Bory, Wells Fargo Securities Head of Fixed Income Research, says the current, positively-sloped U.S. yield curve is a good indicator for future economic growth. Yvonne Man, Bloomberg Daybreak Asia Anchor, says riot police are still in the streets in Hong Kong. Saira Malik, Nuveen Global Equities CIO, says China's economy will rebound if trade talks continue to make progress. Stephen Schork, Schork Group President, sees global oil demand peaking well before 2035. And Lakshman Achuthan, ECRI Co-Founder, says disruptive tech innovations can change the contour of the business cycle.
Nov 11, 2019
Surveillance: Risks Still Out There, Atlanta Fed's Bostic Says
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Stephen Stanley, Amherst Pierpont Securities Chief Economist, says that the bulk of the damage done to the U.S. economy is due to uncertainty from trade rather than tariffs themselves. Miranda Carr, Haitong International Senior Macro Strategist, says the trade war is hurting, but not destroying China’s economy. Geetha Ranganathan, Bloomberg Intelligence Media Analyst, says Disney is firing on all cylinders with a 'streaming first' mentality. Raphael Bostic, Atlanta Federal Reserve President & CEO, says the Fed is 'slightly accommodative.'
Nov 08, 2019
Surveillance: Only So Much ECB Can Do, Rai Says
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Guy Johnson, Bloomberg Markets European Close Anchor, recaps the Bank of England's decision to leave rates unchanged. Max Kettner, HSBC Multi Asset Strategist, says if yields continue to spike, financial conditions will tighten. Bipan Rai, CIBC Capital Markets Senior Macro Strategist, says the trade risk between the U.S. & the EU is currently underappreciated by markets. Shira Ovide, Bloomberg Opinion Columnist, says Uber would benefit if it disclosed cash-in and cash-out figures. And Max Chafkin, Bloomberg Businessweek Columnist, discusses Sheryl Sandberg's comments on Facebook's anti-trust issues.
Nov 07, 2019
Surveillance: Tech Disruption Wasn't All Bad, Kirkpatrick Says
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Tom Porcelli, RBC Capital Markets Chief U.S. Economist, thinks it would take significant deterioration for the Fed to make additional cuts next year. David Kirkpatrick, Techonomy CEO & Founder, thinks that SoftBank's Masayoshi Son has positively contributed to the idea that digital technology can transform global economies. Geoff Yu, UBS Wealth Management Head of U.K. Investment Office, says the U.K. still has a long way to go before establishing its long-term relationship with the EU. And Esther Law, Amundi Asset Management Emerging Markets Debt Senior Investment Manager, says monetary policy on a global level has made EM look very attractive.
Nov 06, 2019
Surveillance Special: A Conversation With Chicago Fed's Evans
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Charles Evans, Chicago Federal Reserve Bank President & CEO, sits down with Tom Keene at the Council on Foreign Relations in New York. They discuss inflation expectations, negative rates, and where the Fed is headed.
Nov 06, 2019
Surveillance: We're De-Risking, Topcuoglu Says
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Brian Weinstein, Morgan Stanley Investment Management Head of Global Fixed Income, says that the promise of lower yields is driving people into equity markets. Phoenix Kalen, Societe Generale Director of EM Strategy, says China's slowdown has intricately impacted regions like Germany, exposing manufacturing troubles. Joseph Ricketts, TD Ameritrade Founder and Author of "The Harder You Work the Luckier You Get," says if the U.S. does not retain a free enterprise system, the country will be negatively impacted. And Lale Topcuoglu, JOHCM USA Senior Fund Manager, says there are sectors of the credit market that are greatly mispriced.
Nov 05, 2019
Surveillance: Surveillance: McDonald's In A Good Place, Says Senatore
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Mike Darda, MKM Partners Chief Economist & Macro Strategist, thinks the U.S. economic outlook has reached a "soft landing" point, as the consumer continues to carry the economy. Seema Shah, Principal Global Advisors Chief Strategist, says emerging markets are starting to look very attractive. Sara Senatore, Sanford Bernstein Senior Research Analyst, says McDonald's is still in a pretty good place despite firing their CEO. And Bloomberg's David Westin shares a clip of his interview with House Speaker Nancy Pelosi.
Nov 04, 2019
Surveillance: We Are Not Late Cycle, Clarida Says
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Ellen Zentner, Morgan Stanley Chief U.S. Economist, expects to see business investment improve before the consumer cracks. Jeffrey Rosenberg, BlackRock Financial Senior Portfolio Manager, says a stronger than expected jobs report eases concerns of manufacturing uncertainty. Richard Clarida, Federal Reserve Vice Chairman, says the economy is in the trend of range growth. And Lawrence Kudlow, National Economic Council Director, says phase one trade talks are not complete but are going well.
Nov 01, 2019
Surveillance: Both Parties See China As Rival, Eichengreen Says
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Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, says we have not experienced a period of such heightened trade tensions since the 1930s. Barry Eichengreen, University of California Berkeley Economics Professor, says if there is to be progress on trade with China, it will have to be incremental. Shannon Cross, Cross Research Co-Founder, says the entire tech-hardware industry is moving toward service models, centered around recurring payments from consumers. Henrietta Treyz, Veda Partners Director of Economic Policy, says U.S. voters are still concerned about the economy but less so than during the recession. And Demian Flowers, Commerzbank Automotive Analyst, says in order to profit from autos, overall manufacturing costs must go down.
Oct 31, 2019
Surveillance: Hawkish Cut a Mistake, says Crescenzi
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Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, says a hawkish cut is a mistake in this environment. David Kirkpatrick, Techonomy CEO & Founder, says Apple is an astonishingly resilient company. Ira Jersey, Bloomberg Intelligence Chief U.S. Rates Strategist, says the Fed can sound more dovish than the market expects. And Therese Raphael, Bloomberg Opinion Columnist, says at the moment, this is Boris Johnson's election to lose.
Oct 30, 2019
Surveillance: Hawkish Cut From Fed, Luzzetti Expects
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Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says as long as the consumer continues to grow at its current pace, we can be "reasonably confident" we're not on the cusp of a recession. Peter Dixon, Commerzbank Global Equities Economist, says the European economy looks very sluggish compared to the United States. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, explains why Jerome Powell will orchestrate a hawkish cut tomorrow. Cheryl Miller, AutoNation CEO, says the majority of vehicles are purchased on credit and she feels good about the consumer. And Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, says Beyond Meat is more like a technology company than a food one.
Oct 29, 2019
Surveillance: Tragic Irony To Brexit Debate, Kelly Says
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Michael Purves, Tallbacken Capital Advisors CEO, thinks that earnings season so far has been an important affirmation of what the bulls would like to see. Axel Christensen, BlackRock Chief Investment Strategist For Latin America, says Chile's President-elect Alberto Fernandez will have to negotiate deep structural changes in Argentina. Stephanie Kelly, Aberdeen Standard Senior Political Economist, says U.K. growth has been very weak relative to its potential. Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says that heading into third quarter earnings, investors were very bearish. And Sameer Samana, Wells Fargo Investment Institute Senior Global Market Strategist, says macro events like trade uncertainty and Brexit affect levels of volatility, but the market is primarily driven by the Fed.
Oct 28, 2019
Surveillance: Earnings Growth Not Significant, Levitt Says
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Brian Levitt, Invesco Global Market Strategist, thinks the market is looking for the next catalyst to push higher. James Athey, Aberdeen Standard Investments Senior Investment Manager, says the Brexit "purgatory" is suiting no one. Brett Bruen, Global Situation Room Director and Former Global Engagement Director in the Obama White House, says President Trump's decision to pull out of the Iran Nuclear Deal makes a deal with North Korea much less likely. Nela Richardson, Edward Jones Investment Strategist, says earnings growth will continue to slow but still sees "bright lights" when it comes to the consumer.
Oct 25, 2019
Surveillance: Mario Draghi's ECB Legacy
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Kate Moore, BlackRock Global Allocation Investment Team Head of Thematic Strategy, explains why we haven't seen the worst of it, despite some signs of life in third-quarter earnings. Jens Nordvig, Exante Data Founder & CEO, discusses Mario Draghi's legacy at the European Central Bank and the impact of a Lagarde presidency on the euro. Francesco Papadia, Former ECB Director General of Market Operations, explains why he thinks bank loans are the new asset the ECB is most likely to buy. Gertrude Tumpel-Gugerell, Former ECB Executive Board Member, says that the negative effects of low interest rates are visible in the economy.
Oct 24, 2019
Surveillance: SoftBank's WeWork Rescue With Galloway
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Gideon Rose, Foreign Affairs Editor, says Trump would like to unwind U.S. commitments in the Middle East. Catherine Barnard, The U.K. in a Changing Europe Senior Fellow, says, "the ball is currently in the EU's court" after Boris Johnson begrudgingly has asked for an extension on Brexit. Wei Li, BlackRock Head of iShares EMEA Investment Strategy, says the low rate environment is contagious. Scott Galloway, NYU Stern Professor, thinks that Softbank's $9.5B WeWork rescue will go down as the costliest exercise in saving face in the history of the private markets. And Michael Nathanson, Moffettnathanson Senior Research Analyst, says we are heading towards a "race to the bottom" in a pivotal time for the media industry.
Oct 23, 2019
Surveillance: Trade War Takes Toll on Manufacturing, Swonk Says
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Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says about 80% of companies are beating expectations this Q3. Daniel Katzive, BNP Head of FX Strategy North America, says the immediate risk of a no-deal Brexit has been removed. Sonali Basak, Bloomberg News, says WeWork is gravitating towards SoftBank with the hopes it will be "more patient." Diane Swonk, Grant Thornton Chief Economist, says the trade war has taken a toll on manufacturing activity. And Sara Senatore, Sanford C Bernstein Consumer Analyst, says McDonald's is doing well in developed economies.
Oct 22, 2019
Surveillance: Stay The Course, Kantor Says
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Edward Evans, Bloomberg Opinion Managing Editor, thinks that we are in for intense Parliamentary warfare over the next few days. Meredith Sumpter, Eurasia Group Head of Research Strategy, thinks that Boris Johnson is within touching distance of getting the majority that he needs. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says there's no lack of worries in the global stock market. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the manufacturing sector is weak. And Frank Bennack, Hearst Executive Vice Chairman & “Leave Something on the Table” Author, says distribution is "King Kong."
Oct 21, 2019
Surveillance: Breakup Of Euro Is A Bad Bet, Citi's Mann Says
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Catherine Mann, Citi Global Chief Economist, says anybody who is betting on the breakup of the euro is making a bad bet. Jacob Frenkel, JPMorgan Chase International Chairman, says monetary policy has been the only game in town and we are paying the price for it now. Mij Rahman, Eurasia Group Managing Director of Europe, says a hard Brexit remains a risk. Torsten Slok, Deutsche Bank Securities Chief Economist, says the trade war between the U.S. and China appears to be escalating rather than diminishing. And John Hudak, Brookings Senior Fellow in Governance Studies, underlines the parallels between the current impeachment inquiry and Richard Nixon's in 1974.
Oct 18, 2019
Surveillance: Outcomes For Sterling With Rabobank's Foley
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Rosalind Mathieson, Bloomberg Executive Editor for International Government, says U.K. PM Boris Johnson still needs to win the backing of U.K. lawmakers for a Brexit deal. Huw Van Steenis, UBS Senior Adviser to CEO and Former Senior Adviser to BOE's Mark Carney, says it's "striking" Johnson was able to get the EU to back him. Jason Furman, Former White House Economic Adviser to Pres. Obama and current Harvard Kennedy School Professor, reflects on the accomplishments of the winners of the 2019 Nobel Prize in Economics. Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says trade uncertainty has a negative impact on businesses. Jane Foley, Rabobank Head of FX Strategy & Senior Analyst, thinks there will be some rebels within the Labour party who will vote for a deal.
Oct 17, 2019
Surveillance: Global Risks Are Interconnected, Bremmer Says
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Ian Bremmer Eurasia Group Founder & President and Thomas Buberl, AXA CEO, launch a co-authored report looking at the key emerging risks facing the world in the next 5-10 years. Alison Williams, Bloomberg Intelligence Senior Analyst, dissects Bank of America's third-quarter results. Admiral James Stavridis, Bloomberg Opinion Columnist and Former Supreme Allied Commander at NATO, sees bipartisan agreement that the current crisis in Syria is considered a failure of American foreign policy. Leo Tilman, "Agility" Author and Financier, explains why strategic and tactile agility should be practiced at any organization to thrive. Sonali Basak, Bloomberg TV & Radio Finance Reporter, says revenue at investment banks is not "winning."
Oct 16, 2019
Surveillance: U.S. Consumer Banking Very Strong, Cassidy Says
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Oct 15, 2019
Surveillance: Trade Friction Ahead, CIBC's Stretch Says
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Tom Orlik, Bloomberg Economics Chief Economist, updates us on trade talks between the U.S. and China. Andrew Hollenhorst, Citi Chief U.S. Economist, says the slowdown in Chinese manufacturing began before we had an escalation of trade tensions. Jeremy Stretch, CIBC Head of G10 FX Strategy, discusses why scheduled tariffs will be pushed "further into the distance" if progress is made. Betsy Graseck, Morgan Stanley Head of Banks and Diversified Finance Research, discusses what to watch as U.S. banks report third-quarter earnings this week. And David Sowerby, Ancora Managing Director & Portfolio Manager, says what we know for certain is that CEOs don't like uncertainty. 
Oct 14, 2019
Surveillance: This Is the Decade of Banking and Tech, Mayo Says
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Anthony Crescenzi, PIMCO Market Strategist, says uncertainty is driving the bond market.  Rupert Harrison, Multi-Asset Strategies Portfolio Manager at BlackRock, discusses Brexit and says the European Union and Ireland have an incentive to wait things out to see what an election delivers. Mary Lovely, Peterson Institute Non-Resident Senior Fellow, explains why the Chinese are very wary of making a deal with President Trump right now. Brooke Sutherland, Bloomberg Opinion Columnist, says General Electric is trying to put a cap on viability spending in order to acclimate for new interest rates. Mike Mayo, Wells Fargo U.S. Large-Cap Bank Research Head, says as banks report earnings, investors should pay attention to how banks are using technology to stay efficient.
Oct 14, 2019
Surveillance: Economy is Slowing But Still Growing, Rhame Says terminal: Surveillance: Slowing But Still Growing, Rhame Says (Podcast)
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Tom Orlik, Bloomberg Economics Chief Economist, says the fact that the Chinese delegation are in the U.S. suggests they want a trade deal. Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, foresees slower economic growth. Lara Rhame, FS Investments Chief U.S. Economist, discusses why it's critical to get the next rounds of tariff hikes suspended. Lionel Laurent, Bloomberg Opinion Columnist, thinks the worst-case scenario for Brexit just improved. And Gene Munster, Loup Ventures Co-Founder, says Apple's wearable products will likely drive the company's stock higher in the future. 
Oct 11, 2019
Surveillance: Trade Dispute Creating Uncertainty, Kaplan Says
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Ebrahim Rahbari, Citi Global Head of FX Analysis, explains why the currency issue between the U.S. and China will be easy to resolve. Steven Cook, CFR Senior Fellow for Middle East & Africa Studies, discusses how the Turkish incursion has the potential to affect politics in Europe and the U.S. David Pearl, Epoch Investment Partners Co-Chief Investment Officer and Portfolio Manager, says Saudi Aramco's upcoming IPO is less about growth and more about increasing ownership value. Robert Kaplan, Dallas Fed President, says any future rate adjustments should be restrained and modest. 
Oct 10, 2019
Surveillance Special: Schwarzman On "What It Takes"
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Stephen Schwarzman, Blackstone CEO and Chairman, discusses his new book, "What it Takes: Lessons on the Pursuit of Excellence." He also weighs in on U.S.-China trade negotiations and notes their permanence after President Trump. 
Oct 10, 2019
Surveillance: Trump Has Abandoned Kurds, Kamarck Says
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Drew Matus, Metlife Investment Management Chief Market Strategist, says that if the U.S.-China trade war ends with a partial truce then the whole conflict has been a waste. Priya Misra, TD Securities Global Head of Rates Strategy, thinks that negative rates in the U.S. would potentially break the financial system. Lale Topcuoglu, JOHCM Fund Head of Credit & Senior Fund Manager, discusses why a top-down approach can be misleading for investors. And Elaine Kamarck, Brookings Senior Fellow, says the Kurds have been the U.S.A.'s best allies in the Middle East region. 
Oct 09, 2019
Surveillance: Debt is Creating Vulnerabilities, Adrian Says
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Bill Lee, Milken Institute Chief Economist says, the trade dispute has spilled over into a capital market dispute. Tobias Adrian, IMF's Monetary and Capital Markets Department Director, says rising debt around the world is creating certain vulnerabilities. Jihad Azour, IMF Middle East and Central Asia Department, says only the private sector can help build the economic state of Middle Eastern countries, prioritizing"inclusive growth." Sarah House, Wells Fargo Senior Economist, explains why she expects to see a dip to a run rate economy below 2% over the next couple of quarters. Tom Petrie, Petrie Partners Chairman, says major oil companies in North America are behind the curve on the shale revolution. 
Oct 08, 2019
Surveillance: Trouble with U.S. Economy is Europe, Kudlow Says
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Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says average hourly earnings is the most important number to pay attention to from the U.S. Employment Report because it provides insight about consumers' ability to drive consumption. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed's dot plot can be confusing at times but is here to stay. Jeff Rosenberg, BlackRock Systematic Fixed Income Team Senior Portfolio Manager, says we are heading in the direction of slow employment growth. Tiffany Wilding, PIMCO U.S. Economist, says Friday's mixed jobs data coupled with disappointing ISM data suggests that the Federal Reserve will cut rates in October and could lead to more easing in December. Larry Kudlow, National Economic Council Director, says the real economic trouble for the United States is the collapse of the European economy, not the ongoing trade war with China.
Oct 04, 2019
Surveillance: Treasury Curve Immune to Equity Moves, Patel Says
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Krishna Memani, Invesco Vice Chairman of Investments, says the U.S. economy will be able to grow at a reduced rate, despite trade tensions and manufacturing weakness, because of the momentum in the consumer and service sectors. Margaret Patel, Wells Capital Management Senior Portfolio Manager, thinks that the treasury curve is pretty much immune to short-term fluctuations in stocks. Shuli Ren, Bloomberg Opinion Columnist, says U.S. investors see China as a big country with "a lot" of demand, but no supply. Dean Curnutt, Macro Risk Advisors CEO, discusses the implications of a global economic slowdown on the VIX index. 
Oct 03, 2019
Surveillance: No End in Sight for Slowdown, Zingales Says
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Luigi Zingales, University of Chicago Booth School Finance Professor, says the global slowdown is going to continue until Germany delivers a major fiscal package, which is unlikely to happen any time soon. Rosalind Mathieson, Bloomberg International Government Executive Editor, says Prime Minister Johnson will crash out if he gets a no-deal Brexit. John Stoltzfus, Oppenheimer & Co. Chief Investment Strategist, thinks that the demand for equities is likely to increase. Andrew Hollenhorst, Citi Global Markets Chief U.S. Economist, details the current growth scare saying, “it’s harder to attribute this growth scare to something transitory.” David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Justice Ruth Bader Ginsberg who reiterated her belief in incremental justice. 
Oct 02, 2019
Surveillance: Clear Slow Down In Labor Market, Page Says
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David Page, AXA Investment Managers Senior Economist U.S. & U.K., says that we are close to a tipping point in the labor market. Timothy Graf, State Street Bank Head of EMEA Macro Strategy, says the Fed is more dovish than what markets anticipate. Alessio de Longis, Invesco Investment Solutions Senior Portfolio Manager, says emerging market growth is what will lead us into a rotation trade. Meredith Sumpter, Eurasia Group Head of Research Strategy, says China is working to ease current tensions but is not interested in pursuing the kind of structural reforms that Trump and Washington say are necessary. And Diane Swonk, Grant Thornton Chief Economist, says we don't have the tools we once had to stimulate the economy. 
Oct 01, 2019
Surveillance: Xi Jinping's Vision With CFR's Economy
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Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says China has given up on President Trump. Elizabeth Economy, CFR Senior Fellow and Director for Asia Studies, says the Chinese government will continue to use all the mechanisms they have at their disposal to keep the economy stable. Henrietta Treyz, Veda Partners Director of Economic Policy Research, discusses developments in the potential trading restrictions between U.S. and Chinese companies. And Jane Foley, Rabobank Head of FX Strategy, says the consumer remains resilient because the labor market is strong. 
Sep 30, 2019
Surveillance: Impeachable Offenses With Newman
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Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says inflation is low. Sonali Basak, Bloomberg TV & Radio Finance Reporter, discusses what's ahead for new Wells Fargo CEO Charles Scharf. Lindsay Newman, Chatham House U.S. and the Americas Programme Senior Research Fellow, says the partisan divide is key in impeachment proceedings. And Jane Foley, Rabobank Head of FX Strategy, discusses Brexit's impact on how the BOE will operate as October 31st nears. 
Sep 27, 2019
Surveillance Special: Ken Burns on "Country Music" (Podcast)
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Ken Burns, Documentary Filmmaker, joins Tom Keene and Paul Sweeney for a discussion on his latest film, "Country Music." Burns discusses iconic Martin guitars, the modernization of the genre, and country music's role in U.S. history. 
Sep 27, 2019
Surveillance: A Preview of the U.S. House Hearing
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Marty Schenker, Bloomberg Chief Content Officer, says President Donald Trump is his own counsel. Steven Wieting, Citi Private Bank Global Chief Investment Strategist, says U.S. shares are the best performing assets. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, discusses the rationality of an impeachment inquiry. Hugo Rogers, Deltec Chief Investment Strategist, predicts a general election in the U.K. and says Boris Johnson will be the catalyst. Joyce Chang, JPMorgan Global Research Chair, says every 1% decline in China's growth is about .4% off of global growth. And Justin Sink, Bloomberg News White House Correspondent, previews the House hearing with Acting Director of National Intelligence Joseph Maguire today. 
Sep 26, 2019
Behind the Scenes With Bill Dudley, Former New York Fed President
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Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses the benefits of Federal Reserve repo operations, a politicized Fed and his role during the 2008 financial crisis. He spoke to Bloomberg's Tom Keene. 
Sep 26, 2019
Surveillance: Bloomberg Global Business Forum
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Surveillance comes to you from the Bloomberg Global Business Forum today. In conversation with  International Monetary Fund Acting Managing Director David Lipton.



Sep 25, 2019
Surveillance: Bloomberg Global Business Forum
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Surveillance comes to you from the Bloomberg Global Business Forum today. We speak with policy makers, CEOs and strategists.


Sep 25, 2019
Surveillance: This Is The New Normal, Amoa Says
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Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, argues that this low interest rate environment is the "new normal." Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, says trade tensions and fiscal stimulus are both core components of global growth. Thomas Raines, Chatham House Head of Europe Programme, defines the Boris Johnson versus Nigel Farage Brexit-voters. And Wei Li, Blackrock Head of iShares EMEA Investment Strategy, says they've recently upgraded European equities from underweight to neutral. 
Sep 24, 2019
Bill Dudley on Fed's Repo Facility, Negative Rates, Trade War
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Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses the benefits of Federal Reserve repo operations, a politicized Fed, the prospect of negative interest rates, and the economic impact of the U.S.-China trade war. He spoke with Bloomberg's Tom Keene and Jonathan Ferro. 
Sep 23, 2019
Surveillance: Fiscal Vs. Monetary Policy With Buiter
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Willem Buiter, Citi Special Economic Adviser, says in Europe, there has not been a thorough "cleaning up" of the bank balance sheet. Wendy J. Schiller, Brown University Chair of Political Science, says politicians do not like uncertainty. Julia Coronado, MacroPolicy Perspectives President & Founder, offers her take on U.S. economic data. Admiral James Stavridis, former Supreme Allied Commander at NATO and Bloomberg Opinion Columnist, says anytime domestic politics assert themselves into international security concerns, there is a great risk. 
Sep 23, 2019
Surveillance: The Fed's Options With Kroszner
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Today we start with a segment from Bloomberg Surveillance TV. Alan Ruskin, Deutsche Bank Chief International Strategist, says excess reserves in repo systems are ultimately not doing their job. Randall S. Kroszner, University of Chicago Professor and Former Federal Reserve Board Member, explains why the Fed should allow the balance sheet to continue to grow. Seema Shah, Principal Global Investors Chief Strategist, says people still have some optimism about Brexit. Ian Shepherdson, Pantheon Macro's Chief Economist & Founder, says that the trade war might actually be helping consumer spending right now. And Rett Wallace, Triton Research CEO, reviews WeWork's IPO. 
Sep 20, 2019
Surveillance: It's Time to Move Into Fiscal Gear, Boone Says
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Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the Fed is "absolutely" going to start purchasing assets again. Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, explains the Repo market. Laurence Boone, OECD Chief Economist, says if governments continue to rely solely on monetary policy, it will be difficult to put a break on the global growth slide. Greg Peters, PGIM Senior Portfolio Manager, says we have lots of room to run before we get a negative yield. And it's that time of year again -- Harvard University Football Coach Tim Murphy tells us what to watch this college football season. 
Sep 19, 2019
Surveillance: Fed Day with Citi's Mann
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Catherine Mann, Citi Global Chief Economist, doesn't think the Fed's march towards 100 basis point cuts is a done deal. Jack Ablin, Cresset Wealth Advisors Founding Partner and CIO, says recession is the new expansion. Stephen King, HSBC Senior Economic Advisor, says low unemployment appears positive but can often be a sign of wage pressures beginning to build. And Austan Goolsbee, University of Chicago Booth School of Business Professor of Economics & Former Council of Economic Advisers Chair, thinks people are putting too much weight in that the "Fed can save us." 
Sep 18, 2019
Surveillance: Aramco Has Built-In Resiliency, Wald Says
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Michael Holland, Holland & Company Chairman, discusses the origin of WeWork's "budding fiasco." Robert Shiller, 2013 Nobel Prize Winner, says President Trump's narrative has had immense power. Ellen Wald, Atlantic Council Global Energy Center Non-Resident Senior Fellow & Transversal Consulting President, says due to their built-in resiliency, Aramco may be back online sooner than expected. Paul Sankey, Mizuho Securities Oil Analyst, says the attacks on Aramco are a challenge for China, given their dependence on Middle Eastern oil. And Anat Admati, Stanford Professor of Finance & Economics, says the size of big tech companies become a symptom of the problems they are facing. 
Sep 17, 2019
Surveillance: Saudi Oil Supply With Tchilinguirian
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Harry Tchilinguirian, BNP Head of Commodity Markets Strategy, breaks down the market risk surrounding the recent attack on Saudi oil supply. Michael Darda, MKM Partners Chief Economist & Macro Strategist, says based on the data released today, there are structural reasons why China is slowing down. Ted Alden, CFR Senior Fellow, says the global economy needs leadership. Henrietta Treyz, Veda Partners Director of Economic Policy Research, has her eye on how China and Iran will interact following the oil turbulence in Saudi Arabia. And Marc Chandler, Bannockburn Global Forex Chief Market Strategist, explains what it means when countries "borrow dollars." 
Sep 16, 2019
Surveillance: Optimistic On China's Eco Growth, Fisher Says
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Kathy Fisher, Bernstein Head of Wealth and Investment Strategies, says the tolerance for deficit spending is greater than ever. Meredith Sumpter, Eurasia Group Head of Research Strategy, says neither China nor the U.S. are desperate enough to reach a trade agreement. Simon French, Panmure Gordon Chief Economist, says the Federal Reserve is under political pressure to follow the actions of the ECB. Giles Turner, Bloomberg News EMEA Tech Reporter, says WeWork needs to IPO to maintain its growth momentum. And Brian Rehling, Wells Fargo Investment Institute Co-Head of Fixed Income Strategy, discusses the predictive power of yield curve inversions. 
Sep 13, 2019
Surveillance: ECB Restarts Quantitative Easing
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Joyce Chang, JPMorgan Securities Global Research Chair, says negative rates are here to stay. Alberto Gallo, Algebris Portfolio Manager, says European governments can now act on negative interest rates, for better or for worse. Marcus Ashworth, Bloomberg Opinion Columnist, says Mario Draghi is leaving a "smorgasbord" of policy options for Christine Lagarde. Kevin Cirilli, Bloomberg TV & Radio Chief Washington Correspondent, and Chuck Gabriel, Capital Alpha President, tell Surveillance what to expect from tonight's U.S. Democratic debate in Houston. And we finish the show by remembering oil man T. Boone Pickens with Bloomberg Radio's Robert Moon. 
Sep 12, 2019
Surveillance: 18 Years On, Remembering 9/11
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Bloomberg Surveillance remembers Sept. 11, 2001. We hear from Bloomberg Government Homeland Security Reporter Michaela Ross, Bloomberg News Europe Deals Reporter Sarah Syed, Leuthold Group Chief Investment Officer Doug Ramsey, Passion Capital Partner Eileen Burbidge, and Bloomberg Opinion Columnist Chris Hughes. 
Sep 11, 2019
Surveillance: Big Tech Break Up Has Begun, Galloway Says
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David Kirkpatrick, Techonomy Media CEO & Founder, says the arrogance of Silicon Valley is being broken already, with the help of Facebook's errors. Derek Halpenny, MUFG Head of European Global Markets Research, says the central bank easing course is "done and dusted." George Saravelos, Deutsche Bank Global Head of FX Research, says Europe is at a point with the ECB right now where "less is more." Nancy Ognanovich, Bloomberg Government Congressional Leadership Reporter, says we're looking at a 35% chance of another government shutdown this year. And Scott Galloway, NYU Stern Professor, warns of a consolidation of players in the streaming wars. 
Sep 10, 2019
Surveillance: Negative Rates Are Crushing, Eisman Says
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Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, thinks negative rates are "crushing" and a massive policy mistake. Steven Englander, Standard Chartered Global Head of G10 FX Strategy, looks ahead to the ECB meeting on Thursday. Carl Weinberg, High Frequency Economics Chief Economist, says the U.S. economy is going to be okay despite the headwinds coming from trade. And Therese Raphael, Bloomberg Opinion Columnist, says there is a movement towards reviving labor unions in the U.K. 
Sep 09, 2019
Surveillance: Labor Market Story Strong, Says Kudlow
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Ellen Zentner, Morgan Stanley Chief U.S. Economist says significant increases in optimism in the labor market can lead to higher participation rates. James Mayger, Bloomberg China Economy Editor & Beijing Deputy Bureau Chief, breaks down what the PBOC cutting its reserve requirement ratio means for the Chinese economy. Jeff Rosenberg, BlackRock Systematic Fixed Income Senior Portfolio Manager, explains why the August U.S. Job growth report is a"temporary" low. Tiffany Wilding, PIMCO U.S. Economist, says the jobs report confirms the trend that the labor market is slowing. Larry Kudlow, National Economic Council Director, reacts to the jobs report, says "tempers are calmer" as China and the U.S. prepare for talks and believes Former Fed President Dudley linking monetary policy to the election is a "new low."
Sep 06, 2019
Surveillance: Not Optimistic For Trade Deal, Alden Says
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Jacob Kirkegaard, Peterson Institute for International Economics Senior Fellow, lays out the possible outcomes for another U.K. general election. Esther Reichelt, Commerzbank AG FX Strategist, forecasts that unconventional monetary policy measures will drive the euro-dollar. John Authers, Bloomberg Opinion Columnist, says Brexit is unsolvable without a solution between Ireland and the U.K. And Ted Alden, CFR Senior Fellow & Author, "Failure to Adjust: How Americans Got Left Behind in the Global Economy," says we're in a more dangerous phase of the trade war now. 
Sep 05, 2019
Surveillance: Global Order Is Shifting, Gallo Says
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Stephen Gallo, BMO Capital Markets Head of FX Strategy, says these are dramatic times and the entire global order is shifting. Steve Tsang, University of London SOAS China Institute Director, says Carrie Lam's announcement to withdraw the controversial extradition bill means mainland China is taking a softer approach to Hong Kong. David Sowerby, Ancora Managing Director & Portfolio Manager, brings us an update on the Mid-Cap investing space. And Anne Stevenson-Yang, J Capital Research Directory & Co-Founder, says China is working "mightily" to avoid a crash in the Hong Kong market. 
Sep 04, 2019
Surveillance: Economy Could Use More Fed Support, Memani Says
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Rob Carolan, Bloomberg Meteorologist, brings us an update on Hurricane Dorian. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says retail sentiment is quite bearish. Dan Ahn, Former U.S. Department of State Chief Economist, doesn't think that weakness appearing in both the U.S. & world economy is driven solely by trade tensions. Lindsey Piegza, Stifel Chief Economist, explores why global manufacturing has fallen into a slump and how it will impact global growth. And Krishna Memani, Invesco Vice Chairman of Investments, says valuations in EM are extraordinarily attractive. 
Sep 03, 2019
Bonus: Behind the Scenes with GAMCO Investors CEO Mario Gabelli
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For an episode of Bloomberg's podcast Behind the Scenes, Bloomberg Surveillance’s Tom Keene sits down with GAMCO Investors CEO Mario Gabelli to discuss value investing, philanthropy and Warren Buffett. 
Aug 30, 2019
Surveillance: Interest Rates Are Very Very Very Low, Fuss Says
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Lakshman Achuthan, Economic Cycle Research Co-Founder, thinks we would still be in a global slowdown without the U.S.-China trade war. Dan Fuss, Loomis Sayles Vice Chairman & Portfolio Manager, says the bid for dollar-based bonds is still very strong. Simon Usherwood, 'The UK in a Changing Europe' Deputy Director, says it's not clear what would happen if there is a general election in the U.K. Sarah House, Wells Fargo Securities Senior Economist, expects a consumption slowdown heading into the coming quarter. And Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, offers advice: "you've got to lead from the inside out."
Aug 30, 2019
Surveillance: Monetary Policy In A Bind, Romer Says
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Andrew Hollenhorst, Citi Chief U.S. Economist, thinks that there is some recognition in the bond market that global growth may be slow for a long time. Mij Rahman, Eurasia Group Managing Director of Europe, says the economic cycle in Europe is not robust due to broader concerns about trade disputes. Jordan Rochester, Nomura FX Strategist, says the ECB has few options left for inflation. Peggy Collins, Bloomberg News Managing Editor U.S. Economy, says Treasury Secretary Mnuchin has left the question of currency up in the air. And Paul Romer, Nobel Laureate & NYU Stern School of Business Professor of Economics, thinks we've been slow to react to some of the negative effects of new technology. 
Aug 29, 2019
Surveillance: Dudley Irresponsible, Posen Says
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Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says he is waiting for full acknowledgement of a U.S. recession. Adam Posen, PIIE President, discusses why Chairman Powell has to be wary of not predicting the outcomes of the U.S.-China trade war, but rather react to them. Tara Lachapelle, Bloomberg Opinion Columnist, says the Philip Morris-Altria reunion will benefit both companies. Alicia Levine, BNY Mellon Chief Strategist, says to expect a range-bound market while uncertainty over trade is at its peak. And Ferdinando Giugliano, Bloomberg Opinion Editor, discusses whether or not there's a place for politics in central bank decisions. 
Aug 28, 2019
Surveillance: Markets Are Pressing The Fed, El-Erian Says
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Mohamed El-Erian, Bloomberg Opinion Columnist & Allianz Chief Economic Adviser describes how he thinks central banks are being held hostage by markets. Maddi Dessner, JPMorgan Asset Management Managing Director, says the U.S. consumer remains resilient in the wake of raising tariffs. Tony Dwyer, Canaccord Genuity Chief Market Strategist, says it's better to react to market conditions rather than try to anticipate the next move. Catherine Mann, Citi Global Chief Economist, says currency intervention does not have a lasting impact. And Mario Gabelli, GAMCO Investors CEO, weighs in on the TV streaming wars. 
Aug 27, 2019
Surveillance: Currency Intervention Risk With Nordvig
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Jens Nordvig, Exante Data Founder & CEO, analyzes dollar strength, in relation to the G-7 and U.S.-China trade talks. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, says the Fed's new approach will allow the economy to grow. Ashwin Alankar, Janus Global Head of Asset Allocation & Risk Management, explains why monetary policy may not be able to do much to quell trade war uncertainty. John Hudak, Brookings Governance Studies Senior Fellow, questions whether there is a Democratic nominee who will work well with China on trade. 
Aug 26, 2019
Surveillance: Fed Rate Cut Divergence In Jackson Hole
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Bloomberg's Michael McKee joins us with a series of interviews from the Jackson Hole Economic Policy Symposium. First, St. Louis Fed President James Bullard says U.S. farmers are in a down economy. Dallas Fed President Robert Kaplan says, "I'm open to adjusting rates but would prefer not to." Cleveland Fed President Loretta Mester is "confident" inflation is moving back toward the Fed's goal. And Philadelphia Fed President Patrick Harker thinks the Fed should stay its course and see "how things unfold."
Aug 23, 2019
Surveillance: Easing Policy Is Not Free, Fed's George Says
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Dana Peterson, Citi Global Economist, says in respect to the trade war between the U.S. and China, the damage to the global economy has already been done. Esther George, Kansas City Fed President, joins Bloomberg's Michael McKee at Jackson Hole and says she is not ready to provide more policy accommodation. Robert Hormats, Kissinger Vice Chair & former Goldman Sachs International Vice-Chair, says a resolution to Brexit would ease volatility. And Brian Wieser, GroupM President, discusses ad business in the streaming age.
Aug 23, 2019
Surveillance: How Low Can Rates Go, Foley Asks
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Nick Bennenbroek, Wells Fargo Securities Head of Currency Strategy, predicts the U.S. dollar will remain stable or slightly stronger. Ralf Preusser, Bank of America Merrill Lynch International Global Head of Rates Strategy, says this is not a normal rate cut cycle for the Fed. Jane Foley, Rabobank Head of FX Strategy, questions whether or not there will be stimulus from Germany. And Brian Hook, Pompeo Senior Policy Adviser & U.S. Special Representative for Iran, says the White House's sanctions on Iranian oil have been successful. 
Aug 21, 2019
Surveillance: U.S. Economy To Slow, Daco Predicts
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Greg Daco, Oxford Economics Chief U.S. Economist, says they're expecting the U.S. economy to slow this year. Ken Leon, CFRA Research Global Director of Research, says REITs, particularly healthcare REITs, are recession-resistant. Terry Haines, Pangea Policy Advisory Founder, says frustrations from trade talks stem from China not wanting to make an enforceable agreement. And Katherine Chiglinsky, Bloomberg Finance Reporter, says it's been surprising to investors over the years to see how connected GE still is to the insurance market.
Aug 20, 2019
Surveillance: Monetary Policy Can't Do It All, Says Rissmiller
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Don Rissmiller, Strategas Research Chief Economist, looks ahead to Jackson Hole and says monetary policy "can't do it all." Claus Vistesen, Pantheon Macroeconomics Chief Euro-Zone Economist, predicts Germany will enter a technical recession. Lara Rhame, FS Investments Chief U.S. Economist, says she expects the U.S. economy to slow to uncomfortably low levels but not a recession. Rob Schiffman, Bloomberg Intelligence Analyst, doesn't see much risk to Apple's cash flow regardless of the tariff situation. 
Aug 19, 2019
Surveillance: Don't Press Panic Button, says Crescenzi
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Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, dismisses the idea of "pressing the panic button," given the economy's current outlook. Dana Peterson, Citi Global Economist, says the U.S. is participating in a global trade and manufacturing slump. Michael Darda, MKM Partners Chief Economist and Macro Strategist, says central banks need to get ahead of the yield curve. Kevin Carey, New America Education Policy Vice President, explains the complications of existing federal student loan programs.
Aug 16, 2019
Surveillance: Job Market Still Resilient, Herrmann Says
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Russ Koesterich, BlackRock's Global Allocation Team Portfolio Manager, says our economy is increasingly dependent on the consumer. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says iron ore is the "canary in the coal mine." Sarah Halzack, Bloomberg Opinion Columnist, recaps Walmart earnings. John Herrmann, Mufg Securities Americas Director of U.S. Rate Strategy, says the U.S. job market is still resilient. And Julian Jackson, "De Gaulle" Author, discusses France's history and its reflection on present day politics. 


Aug 15, 2019
Surveillance: Recession Likely Within Year, Misra Says
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Priya Misra, TD Securities Global Head of Rates Strategy, says a recession is very likely within the next 12 months. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, believes the core issue with the trade war is actually how it's affecting business confidence, capex and hiring. George Friedman, Geopolitical Futures Founder and Chairman, explains why Beijing is deeply worried about Hong Kong protests. Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, analyzes global yield curves. And Brian Kelly, The Points Guy Founder, says it's unstable times for tourism in Hong Kong. ------
Aug 14, 2019
Surveillance: Foreign Business in China To Decline, Rose Thinks
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Yvonne Mann, Bloomberg Markets Asia Anchor, reports Hong Kong protesters plan for another march on Sunday. Gideon Rose, Foreign Affairs Magazine Editor, predicts foreign business in China will decline. Brian Weinstein, Head of Global Fixed Income at Morgan Stanley Investment Management, says Fed easing may keep us alive but it can't spur the global economy. Willem Sels, HSBC Private Banking Chief Market Strategist, is not yet buying the dip because he sees room for further shake-ups in the market. And Marie Owens Thomsen, Credit Agricole Indosuez Wealth Management Chief Economist, says the European banking sector is "a bit under-loved" right now. 
Aug 13, 2019
Surveillance: We're Off The Grid Now For Yields, Weinberg Says
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Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, saysthe longer we go, the greater the risk of a systemic failure caused by negative interest rates. Yvonne Man, Bloomberg TV Anchor, reports from Hong Kong that there are areas in the city that are still safe. Jeffrey Wright, Eurasia Group North America Analyst, says trade issues with China and the U.S. are longstanding. And Julia Coronado, Macropolicy Perspectives Founder & President, weighs in on the rate cut debate. 


Aug 12, 2019
Surveillance: Ben Carson On Jobs, Housing, & The 2nd Amendment
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Ben Carson, U.S. Housing & Urban Development Secretary, says opportunity zones will bring investment into areas that were previously economically-deprived. Ron Temple, Lazard Asset Management Co-Head of Multi-Asset & Head of U.S. Equity, says the Fed is tackling a mid-cycle adjustment. Gregory Valliere, AFG Investments Chief U.S. Policy Strategist, says there's uncertainty for farmers in the midst of U.S., China trade tensions. And Alicia Levine, BNY Mellon Strategist, says there are "likely more unpleasant headlines" for the markets in September. 
Aug 09, 2019
Surveillance: Trade Issue Front & Center, Kostin Says
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Steve Wieting, Citi Private Bank Chief Investment Strategist, doubts that the Fed has any insight of what's next on trade. David Kostin, Goldman Sachs Chief Equity Strategist, says the gap between bond and earnings yields is the highest we've seen in a long time. Sonia Meskin, Standard Chartered U.S. Economist, discusses the outlook for the U.S. economy. And Annie Massa, Bloomberg Asset Management Reporter, discusses her Bloomberg Businessweek story, "Asset Managers With $74 Trillion on Brink of Historic Shakeout." 
Aug 08, 2019
Surveillance: Trade War Is Unquantifiable Force, Normand Says
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Conrad DeQuadros, RDQ Economics Senior Economist & Founding Partner, hopes the Fed realizes their role in driving the markets. David Pearl, Epoch Investment Partners Co-CIO and Portfolio Manager, says monetary policy in Europe has run out of gas. Fred Bergsten, Peterson Institute for International Economics Founding Director, thinks the Chinese have been quite careful not to manipulate in the sense of "driving their currency down." John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, calls the risk of a trade war an "unquantifiable force." And Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says until a China-U.S. trade breakthrough is accomplished, the markets are going to remain very volatile. 
Aug 07, 2019
Surveillance: Forecasting Year-End Bunds At -0.80%, Says Major
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Liz Ann Sonders, Charles Schwab Chief Investment Strategist, encourages diversification in this market environment. Robin Brooks, IIF MD & Chief Economist, says China's overall trade surplus is still large. Steven Major, HSBC Managing Director & Global Head of Fixed Income Research, cuts his year-end-2019 U.S. 10-year yield forecast to 1.50%. Lawrence Summers, Former U.S. Treasury Secretary, says we're in quite "uncharted territory" with President Trump weighing in on monetary policy and dollar strength. And Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, points to the surge in patent requests in China as a sign of growth. 
Aug 06, 2019
Surveillance: CNY Weakness with Ruskin
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Marc Chandler, Bannockburn Global Forex Chief Market Strategist and Managing Partner, discusses the unintended consequences of U.S.-China tensions. Henrietta Treyz, Veda Partners Director of Economic Policy, says the U.S.-China trade war is more political than economic. Alan Ruskin, Deutsche Bank Securities Managing Director & Chief International Strategist, sees a level of disruption that could come from trade war escalation that's not being fully priced into the market. Lale Topcuoglu, JOHCM Senior Fund Manager, says investors are mis-pricing liquidity premiums. And Mark Connors, Credit Suisse Global Head of Prime Brokerage Portfolio & Risk Advisory, says a 1% yield on the U.S. 10-Year Treasury is more of a probability than a possibility.
Aug 05, 2019
Surveillance: Tariff Impact Very Small, NEC's Kudlow Says
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Michelle Meyer, Bank of America Merrill Lynch Head of U.S. Economics, says markets are encouraged by the dovish central bank pivot. Henrietta Treyz, Veda Partners Director of Economic Policy, does not expect President Trump's tariff threat to make China purchase more U.S. agricultural products. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed failed to be aggressive enough. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, explains why average wage growth is being held down. Larry Kudlow, National Economic Council Director, says the consumer impact from China tariffs is very small. 
Aug 02, 2019
Surveillance: The BOE Is Trapped, PIIE's Posen Says
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Adam Posen, Peterson Institute President, says the Bank of England can't do anything ahead of Brexit. Willem Buiter, Citi Special Economic Advisor, only sees the BOE hiking rates in response to a soft Brexit. Vincent Reinhart, Standish Mellon Asset Management Chief Economist, says he no longer takes "Japanification" as a bad term. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, does a deep dive into consumer staple stocks. And Amanda Renteria, Clinton 2016 Presidential Campaign National Political Director, says a fighting spirit is more important than policy proposals for the Democratic candidates. 
Aug 01, 2019
Surveillance: Focus On Fed's Forward Guidance, Stanley Says
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Stephen Stanley, Amherst Pierpont Chief Economist, doesn't think the Fed is paying a lot of attention to growth. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, says Washington and Shanghai are not getting to "core issues." Priya Misra, TD Securities Global Head of Rates Strategy, says we could get a post-ECB-type reaction if the market doesn’t get an explicit commitment to more cuts. And Kevin Cirilli, Bloomberg Chief Washington Correspondent, joins us from the Democratic debates in Detroit with a preview for tonight. 
Jul 31, 2019
Surveillance: Grim Outlook for Sterling with Rochester
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Lindsey Piegza, Stifel Chief Economist, says the Fed is optimistic in terms of growth and inflation. Jordan Rochester, Nomura G-10 FX Strategist, discusses the grim outlook for the British Pound in the case of a no-deal Brexit. Jennifer Hillman, CFR Senior Fellow for Trade & International Political Economy and Former Commissioner at the U.S. International Trade Commission, thinks it will be extremely hard for the U.S. & China to reach a trade deal this week. And Jennifer Bartashus, Bloomberg Intelligence Analyst for Food Retail, says Beyond Meat's partnerships are keeping their momentum alive. 
Jul 30, 2019
Surveillance: Dollar Has Peaked In This Cycle, Jalinoos Says
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Shahab Jalinoos, Credit Suisse Head of FX & Macro Trading Strategy, says the dollar has already peaked in this cycle. Terry Haines, Pangea Policy Advisory Founder, says the threat of direct Chinese intervention in Hong Kong is still there. Admiral James Stavridis, Bloomberg Opinion Columnist and Former NATO Supreme Allied Commander, says that we have entered a red zone of miscalculation in the conflict with Iran. Tara Lachapelle, Bloomberg Opinion Columnist, explores Dish CEO Charlie Ergen's current position after recent M&A in the sector. 
Jul 29, 2019
Surveillance: U.S. Economy's Canary in Coal Mine with Rosenberg
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Peter Schaffrik, RBC Capital Markets Global Markets Strategist, says as long as the consumer stays strong, U.S. growth will keep a steady pace. Paul Sweeney, Bloomberg Surveillance Radio Anchor, recaps Amazon's second quarter results and previews the outlook for the e-commerce company. David Rosenberg, Gluskin Sheff Chief Economist, reacts to U.S. Second-quarter GDP and says he thinks small business employment serves as the canary in the coal mine for the economy. Tara Lachapelle, Bloomberg Opinion Columnist, looks ahead to the anticipated approval of the T- Mobile-Sprint deal by the Department of Justice, which she says will do little to curtail the competitive advantage of the two merging companies.


Jul 26, 2019
Surveillance: Currencies Increasingly Politicized, Stretch Says
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Seema Shah, Principal Global Investors Chief Strategist, says the ECB is "laying the groundwork" for action in September by holding rates steady in July. Jeremy Stretch, CIBC Head of G10 FX Strategy, says currencies are becoming increasingly politicized. David Rubenstein, Carlyle Group co-founder and host of "Peer-to-Peer Conversations," discusses his latest episode with Lorne Michaels and how the SNL creator has evolved the show's humor. Shira Ovide, Bloomberg Opinion Columnist, thinks scrutiny of big tech is having a positive impact on business. 


Jul 25, 2019
Surveillance: Economic Data Is Decelerating, Golub Says
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Michael McKee, Bloomberg International Economics & Policy Correspondent, discusses the impact of weakening German manufacturing data ahead of the ECB's rate decision tomorrow. Bob Hormats, Kissinger Associates Vice Chair, says incoming U.K. Prime Minister Boris Johnson's proposed cabinet reflects the diversity of the Tory Party. Alicia Levine, BNY Mellon Chief Strategist, says global negative yields are inescapable in the U.S. Tim O'Brien, Bloomberg Opinion Columnist, says only legislators who have read the full Mueller report should be allowed to ask questions in the hearings today. And Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, does not expect falling interest rates to be good for stocks. 
Jul 24, 2019
Surveillance: The U.K. Is Split, Cambridge's Barnard Says
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Gabriela Santos, JPMorgan Asset Management Global Market Strategist, is bearish on European equities in the short term. Catherine Barnard, Cambridge University Professor, discusses the challenges incoming U.K. Tory Leader Boris Johnson could face if he has to govern without a majority. Narayana Kocherlakota, Bloomberg View Columnist & former Minneapolis Fed President, says Fed Chairman Jerome Powell has proven himself to be a consensus builder. Gita Gopinath, IMF Chief Economist, says inflation is "undershooting for most of the major economies." And Francine Lacqua, Bloomberg Surveillance TV Anchor, discusses who Boris Johnson may appoint to his cabinet. 
Jul 23, 2019
Surveillance: Inflation Picture on Weak Side, Hooper Says
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Robert Feldman, Morgan Stanley MUFG Securities Senior Advisor, discusses Japan's Prime Minster Abe's slim victory and his plan to hike tax rates. Peter Hooper, Deutsche Bank Securities Economic Research Global Head, says he expects several rate cuts by the end of this year assuming trade tensions worsen. Brooke Sutherland, Bloomberg Opinion Columnist, says aerospace is still a safe space to be invested in. Jonathan Portes, Kings College Economics and Public Policy Professor, says that none of the options on the table will make Brexit go away. 



Jul 22, 2019
Surveillance: The Fed's Dramatic Pivot with Citi's Mann
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James Sweeney, Credit Suisse Chief Economist, forecasts the Fed will cut rates from 25-50 basis points. Catherine Mann, Citigroup Global Chief Economist, says the incoming data from the U.S. and global economies do not warrant "dramatic" market pricing. Lisa Ellis, MoffettNathanson Partner, discusses how IBM's recent acquisition of Red Hat will strengthen its position in cloud computing. Anat Admati, Stanford Finance Professor, doesn't think the U.S. financial system is fundamentally safer than it was before the financial crisis. Mia Fineman, The Metropolitan Museum of Art Associate Curator & lead on, "Apollo's Muse: The Moon In The Age of Photography," and Bob Moon, Bloomberg Radio Anchor, remember the moon landing, 50 years on. 


Jul 19, 2019
Surveillance: Potential Rate Cuts with RBC's Porcelli
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Bob Michele, JPMorgan Asset Management CIO, warns U.S. Treasury yields are heading "all the way down to zero" over the next couple of years. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, explains why there is "no economic justification" for the Federal Reserve to cut rates. Gerard Cassidy, RBC Capital Markets Equity Research Director, discusses overall bank earnings, noting the numbers were "slightly below expectations" across the board. Shira Ovide, Bloomberg Opinion Columnist, says Netflix subscriber numbers are the one thing that investors care about...and they sunk. Michael Nathanson, MoffettNathanson Founding Partner, discusses why he was shocked by Netflix's results. 
Jul 18, 2019
Surveillance: Bright Spot Is The Consumer, Marangi Says
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Taylor Riggs, Bloomberg News Reporter, breaks down Bank of America's earnings. Chris Marangi, Gabelli Funds Co-Chief Investment Officer, recaps commonalities in the major bank reports. Bloomberg's Maria Tadeo calls in from Chantilly, France to discuss her conversation with French Finance Minister Bruno Le Maire and his distaste for Facebook's Libra. Mitch Roschelle, PWC Partner & Business Development Leader, examines June housing starts, noting U.S. new-home construction fell for a second month. Michael Feroli, JPMorgan Chief U.S. Economist, thinks a powerful consumer and strong government spending will keep the U.S. ahead. And Bloomberg's Nathan Hager remembers Supreme Court Justice John Paul Stevens in a special report. 
Jul 17, 2019
Surveillance: The Sweet Spot of Banking with Michaud
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Sonali Basak, Bloomberg News Investment Banking Reporter, notes JP Morgan's net interest is on the decline. Tom Michaud, KBW Chief Executive, discusses why the dynamic of smaller to larger banks is shifting. John Stoltzfus, Oppenheimer Co. Chief Investment Strategist, says financials are a good place to be as a shareholder. Taylor Riggs, Bloomberg Reporter, notes there were "no big surprises" in Wells Fargo's earnings. Mark McCormick, TD Bank Global Head of FX Strategy, explains how he gauges the dollar in the midst of trade tensions. Diane Swonk, Grant Thorton Chief Economist, discusses the "pretty stunning" gains in online retail sales.
Jul 16, 2019
Surveillance: Europe's New Leaders with Kirkegaard
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Jacob Kirkegaard, Peterson Institute Senior Fellow, thinks Europe will have a pragmatic new leadership team if Ursula von der Leyen is approved for Commission president. Bloomberg's Taylor Riggs reacts to Citigroup's second-quarter results. Ken Leon, CFRA Director, Equity Research previews this week's bank earnings and is enthused about U.S. banks' new ability to return cash. Duncan Fox, Bloomberg Intelligence Senior Industry Analyst, sees AB InBev's Asian IPO Suspension as a signal that there is little room for consolidation in the region. Bloomberg Opinion Columnist Alex Webb and Greg Boutle of BNP Paribas discuss Alan Turing's legacy in artificial intelligence and mathematics as the U.K. announces him as the face of the new 50-pound note. 
Jul 15, 2019
Surveillance: China Waiting on Huawei Details, Broderick Says
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Willem Buiter, Citi Special Economic Adviser, says Europe is yet to clean up the banking system following the financial crisis. Jane Foley, Rabobank Head of FX Strategy, says the South African rand is the most obvious EM FX trade. Susan Lund, McKinsey Partner, discusses her report, "The Future of work in America." And Kelsey Broderick, Eurasia Group China Analyst, says President Trump and his trade negotiators have different goals in talks with China. 
Jul 12, 2019
Surveillance: No Recession Anytime Soon, Doll Says
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Bob Doll, Nuveen Asset Management Chief Equity Strategist, explains the real issues the U.S. faces today but "doesn't see a recession any time soon." Chris Grisanti, Grisanti Capital Management CEO, shares best practices in investing and discusses value with the S&P 500 near record highs. Alicia Levine, BNY Mellon Chief Strategist, says, "The Fed's actions today are going to support the riskiest parts of the market." Paul Sweeney, Bloomberg Radio Anchor, calls in from Sun Valley where the top names in tech and media are gathered for the 2019 Allen & Co. Conference. 
Jul 11, 2019
Surveillance: Deutsche Bank Will Survive, Albertson Says
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Stephen Stanley, Amherst Pierpont Chief Economist, says that if the Fed is not planning on cutting in July, it needs to tell markets soon. Robert Albertson, Sandler O'Neill Chief Investment Strategist, thinks Deutsche Bank will "survive" their $8.3 billion overhaul plan. Henrietta Treyz, Veda Partners Director of Economic Policy, discusses Trump's position on Huawei in the aftermath of the G-20. Paul Sweeney, Bloomberg Radio Anchor, surveys the media sector from the Allen & Co. Conference in Sun Valley. David Rubenstein, Carlyle Group Co-Chairman and "Peer-to-Peer Conversations" Host, previews his conversation with Uber CEO Dara Khosrowshahi. 
Jul 10, 2019
Surveillance: Dollar's Power Here to Stay, Bloom Says
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Lindsey Bell, CFRA Investment Strategist, says that while defensive stocks are performing well, the technology sector is "the best performing sector on a year-to-date basis." Chris Whalen, a former debt rater at Kroll Bond Rating Agency and now Whalen Global Advisors Chairman, has bearishly low expectations for Deutsche Bank's future. David Bloom, HSBC Global Head of FX Strategy, thinks that the power of the U.S. dollar is here to stay. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, argues the economy does not need rate cuts but does need "a Fed that is going to show support." And Paul Sweeney, Bloomberg Radio Anchor, joins us from the Allen & Company Sun Valley Conference to preview his upcoming media and tech interviews. 
Jul 09, 2019
Surveillance: Deutsche Bank Cuts, Restructures
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Filippo Alloatti, Hermes Senior Credit Analyst, says Deutsche Bank must now work with regulators on a new investment strategy to be "less of a problem" in the future. Alison Williams, Bloomberg Intelligence Senior Analyst of Global Investment Banks & Asset Managers, thinks Deutsche Bank CEO Christian Sewing has made "the best of bad choices" with the company's latest restructuring plan. Marcus Ashworth, Bloomberg Opinion Columnist, examines the embattled Deutsche Bank's retreat out of investment banking, saying the German lender is not going to be "the Goldman Sachs of Europe." And Krishna Memani, Invesco Vice Chair of Investments, thinks the U.S. Economy is going to pick up in the second half.
Jul 08, 2019
Surveillance: Fed Should Take Back Rate Hike, Kudlow Says
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Julia Coronado, MacroPolicy Perspectives President and Founder, explains how the Fed must ideally move ahead of risks instead of waiting on data. Jason Furman, Former White House Council of Economic Advisers Chairman, predicts what the stronger than expected U.S. jobs report might mean for the Fed. Michael Darda, MKM Holdings Chief Economist & Market Strategist,  doesn't think the strong employment report should be enough to prevent the Fed from easing policy. Larry Kudlow, White House National Economic Council Director, says that the Federal Reserve should "take back" the interest rate hike because of positive economic and market indicators. Simon Kennedy, Bloomberg Economics Executive Editor, reports that European government are actively discussing nominating BOE Governor Mark Carney as the next head of the IMF. 
Jul 05, 2019
Surveillance: USTR-China Meeting to Happen Soon, Navarro Says
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Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, identifies the need for adaptability in a disruptive global economy. Frederik Ducrozet, Pictet Wealth Management Strategist, is pleasantly surprise by the choice to have Christine Lagarde take the helm from Mario Draghi. Peter Navarro, Assistant to the President for Trade and Manufacturing Policy, says U.S. Trade Representative Robert Lighthizer will soon meet face to face with China Vice Premier Liu He. Rick Atkinson, author of "The British Are Coming," reflects on the legacy of the Revolutionary War in the first volume of his new trilogy. 
Jul 03, 2019
Surveillance: Borrowers Simply not Borrowing, Caron Says
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Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, identifies one of the contributing factors to increased negative-yielding European debt: "borrowers are simply not borrowing." Jeffrey Wright, Eurasia Group U.S. Analyst, believes that the administration's reasoning behind no firm deadline in U.S.-China trade discussions is to avoid market pressure. Megan Greene, Harvard Kennedy School Senior Fellow, explains why the Fed will most likely cut rates. Jai Jacob, Lazard Asset Management Managing Director, says market uncertainty is being driven by trade, monetary and fiscal policy. 
Jul 02, 2019
Surveillance: Growth Overall Is Coming Down, Weinberg Says
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Carl Weinberg, High Frequency Economics Chief Economist & Founder, says the industrial recession in Europe is ongoing with "no clear end in sight." Bob Profusek, Jones Day Global Chair of M&A, talks potential takeovers in the second half and what he's watching. Lindsey Piegza, Stifel Chief Economist, says durable goods and inventories are important market economic data points. And Daniel Ives, Wedbush Securities Analyst, explains how forthcoming trade talks between the U.S. and China will impact Apple's shares and production.
Jul 01, 2019
Surveillance: The Best G-20 Outcome With Hormats
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Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, explains why she thinks small cap stocks deserve to be underperforming. Robert Hormats, Kissinger Associates Vice-Chair, says rather than focusing on China, the U.S. ought to strengthen its own competitive capability. Shira Ovide, Bloomberg Opinion Technology Columnist, doesn't think there's a software guru at Apple. And Lawrence Ferrara, NYU Professor of Music, says copyright infringement claims have greatly increased over the past several years. 
Jun 28, 2019
Bloomberg Special: The Americans Are Coming, MLB In London
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In this special, the Surveillance team does a deep dive on Major League Baseball's debut in the U.K. Robert Manfred Jr., MLB Commissioner, speaks on the profound financial opportunities of bringing Major League Baseball to Europe. And Sam Kennedy, Boston Red Sox CEO, illustrates the severity of the need to grow the MLB on an international scale. 
Jun 28, 2019
Surveillance: Energy Stocks Are Unloved, Emanuel Says
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Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, explains why he thinks energy stocks are currently unloved. Shawn Donnan, Bloomberg Senior Writer, examines a potential pause in tariffs at the G-20 in Osaka - where Huawei could be a detrimental factor in trade discussions. Brooke Sutherland, Bloomberg Opinion Columnist, analyzes a new technical malfunction for Boeing and what it could mean for the current share value. And Joseph Abboud the Chief Creative Director at Tailored Brands, the parent company of Men's Wearhouse, shares how European and American men's fashion differ. 
Jun 27, 2019
Surveillance: We've Had Too Little Globalization, Mann Says
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Joyce Chang, JPMorgan Chair of Global Research, says, "it's not all about the Fed," expecting fixed income yields to lower. Catherine Mann, Citi Managing Director and Global Chief Economist, hones in on the "most pivotal" issue: the interaction of financial markets and the real economy based on the G20. Tim O'Brien, Bloomberg Opinion Columnist, expects moderate and progressive discussions during tonight's Democratic debate. Stephen Stanley, Amherst Pierpont Chief Economist, explains why he thinks productivity growth may be accelerating. And Seema Shah, Bloomberg Intelligence Consumer Senior Analyst, says there's no money to be made in the The RealReal's luxury consignment business.
Jun 26, 2019
Surveillance: China Could Wait Out Trump, Crebo-Rediker Says
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Tobias Levkovich, Citi Investment Research Chief U.S. Equity Strategist, shares why he has been bullish on healthcare equipment services. Liz Krutoholow, Bloomberg Intelligence Healthcare Analyst, describes the horizon for Allergan's long term growth as "unimpressive." Heidi Crebo-Rediker, Council on Foreign Relations Adjunct Senior Fellow, thinks a trade war ceasefire is the best we can hope for from a Trump-Xi meeting at the G-20. And Golnar Montevalli, Bloomberg Reporter in Tehran, doubts personal sanctions against religious leaders will have a tangible impact on the economy.  
Jun 25, 2019
Surveillance: Tariffs Have Many Uses, Peter Navarro Says
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Dan Tannebaum, PwC Global Sanctions Leader, discusses how the U.S. could continue to pressure Iran despite running low on additional things to sanction. Mary E. Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, considers the possible outcomes of the forthcoming meeting between President Trump and President Xi. And Peter Navarro, Assistant to the President and Director of the Office of Trade and Manufacturing Policy, says Mexico and the United States are significantly closer now. And Former Rep. Joe Sestak Jr., Democratic Presidential Candidate, says his military experience sets him apart when it comes to foreign policy.
Jun 24, 2019
Surveillance: Adm. Stavridis on Worsening Iran Conflict
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William Lee, Milken Institute Chief Economist, parses the Fed message with conflicting economic signals resulting in new emphasis on next jobs report. Leslie Falconio, UBS Global Wealth Management's Chief Investment Office Senior Strategist, shares her preferred market strategy — overweight equity versus fixed income. Dan Yergin, IHS Markit Vice Chairman, is surprised at how well the market has adjusted to the cessation of Iranian and Venezuelan oil. Diane Jaffee, TCW Group Senior Portfolio Manager, says business uncertainty will lead to decreased capital expenditures. And Adm. James Stavridis, Carlyle Group Adviser & Bloomberg Opinion Columnist, says President Trump's "military policy by tweet" is "so unhelpful."
Jun 21, 2019
Surveillance Special: Fed Vice Chairman Richard Clarida
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In an exclusive conversation with Tom Keene, Federal Reserve Vice Chairman Richard Clarida says the argument in favor of cutting interest rates has strengthened recently as cross currents buffet the U.S. economy, amid heightened uncertainty. Clarida also brushed aside concerns that the Fed’s political autonomy is at risk from President Donald Trump.
Jun 21, 2019
Surveillance: U.S. Not In Liquidity Trap, Henry Says
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Diana Amoa, JPMorgan Asset Management Fixed Income Portfolio Manager, discusses why the Fed needs to act into a deeper cutting cycle. Bill Smead, Smead Capital Management Founder, says the U.S. economy is pretty strong. Janet Henry, HSBC Bank Global Chief Economist, says a trade deal would be good news for equities. And Shira Ovide, Bloomberg Opinion Columnist, indicates Slack is not raising capital today.
Jun 20, 2019
Surveillance: Blackstone's Schwarzman On Lower Rates
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We kick off with a segment from our TV broadcast with Blackstone CEO Stephen Schwarzman. He tells Francine Lacqua & Tom Keene that lower rates would be great "symbolically" but it wouldn't change business decisions. Julia Coronado, Macropolicy Perspectives President and Founder, outlines the Fed's difficult communication challenge. Krishna Memani, Invesco OFI CIO, says growth is moderating but not to a catastrophic level. And Vincent Reinhart, Mellon Chief Economist & Macro Strategist, echoes Coronado's take that central banks have "a hard time anchoring" communications. 
Jun 19, 2019
Surveillance: ECB Policy Not Targeted At USD, Posen Says
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We kick off with a segment from our Bloomberg TV show with Bloomberg's Joe Weisenthal and Nordea Asset Management's Sebastian Galy. They weigh in on Facebook's new Libra cryptocurrency. Adam Posen, Peterson Institute President, says ECB policy is not targeted at the U.S. dollar. General Stanley McChrystal, Former Commander of U.S. and International Forces in Afghanistan, says "leadership requires character." Lindsey Piegza, Stifel Chief Economist, says today's U.S. housing starts paint a negative picture for the second quarter. And Gary Shilling, Bloomberg Opinion Columnist, says the Fed does not want to go negative on rates. 
Jun 18, 2019
Surveillance: The State of Employment with Blanchflower
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David Blanchflower, Former BOE Monetary Policy Committee Member and Dartmouth Professor, answers the question he asks in his new book: "Not Working: Where Have All the Good Jobs Gone?" Priya Misra, TD Securities Managing Director and Global Head of Rates Strategy, expects the Fed to signal readiness to ease policy in their next meeting, but that they will stop short of committing to a near-term cut. Bloomberg's Stephen Engle, reports live from Hong Kong, where protests continue. Meredith Sumpter, Eurasia Group Head Of Research Strategy and Operations, expects Hong Kong leader Carrie Lam to continue to fight to hold on to her job. Elisa Martinuzzi, Bloomberg Opinion Columnist, says investors are disappointed in the vision that Deutsche Bank has given for its future since they walked away from merger discussions with Commerzbank. 
Jun 17, 2019
Surveillance: U.S. Rates Near 0% in 5 Years, Crescenzi Says
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Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, sees U.S. rates collapsing toward 0% over the next five years. In a banking roundtable, Gerard Cassidy, Head of U.S. Bank Equity Strategy for RBC Capital Markets defends the profitability of U.S. investment banks, while Jonathan Tyce, Bloomberg Intelligence European Banking Analyst, says Barclays is better than Europe but still lagging its American peers. Alexia Howard, Bernstein Analyst, recently downgraded Beyond Meat because she saw the valuation get overstretched too quickly. Bill Keenan, Author & Retired Professional Ice Hockey Player, talks the transition from professional hockey to Wall Street. 



Jun 14, 2019
Surveillance: Golden Age for Security Selection With Kantor
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Anthony DiPaola, Bloomberg Middle East Energy Markets Reporter, updates us on the attacks on oil tankers in the Strait of Hormuz. Jason Gammel, Jefferies Energy Research Analyst, says both demand and supply concerns together are driving volatility in oil prices. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says the golden age for stock-picking is when factors drive underlying securities. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says credit spreads remain narrow on expectations of Fed easing. And Bloomberg Businessweek Reporters, Max Abelson and Rebecca Greenfield, report parental leave is easier to get than to take for Wall Street dads.
Jun 13, 2019
Surveillance: Paul Tudor Jones on Making Money with 'Just Capital'
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Karen Leigh, Bloomberg China Government Editor, explains what sets the current protests in Hong Kong apart from previous demonstrations. Gideon Rose, Foreign Affairs Magazine Editor, says the trends in Hong Kong's autonomy are not going in the right direction. Spencer Dale, BP Group Chief Economist & Former BOE Official, says BP needs to shift from being an oil and gas company to an energy company. Paul Tudor Jones, Founder of Tudor Investment Corporation and Robin Hood Foundation, details the concept of 'just' company rankings and how those rankings translate into stock performance. And David Herro, Harris Associates CIO of International Equities, says if the instability in Hong Kong continues to lower pricing, there could be buying opportunities. 
Jun 12, 2019
Surveillance: Goldman's Currie Calls for Cheaper Oil
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Jun 11, 2019
Surveillance: The UTX and Raytheon Deal With Heymann
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Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says the idea of one or two rate cuts by year end is starting to make sense. Marc Chandler, Bannockburn Global Forex Chief Market Strategist, expects the Chinese renminbi to break through the 7.00 level within the next three months. Ben LaBolt, Obama 2012 Presidential Campaign Press Secretary, says Democrats need to attack the notion that immigration is affecting the average worker's job. Nick Heymann, William Blair Co-Group Head–Global Industrial Infrastructure, says Raytheon and United Tech are targeting an audience beyond institutional investors. 
Jun 10, 2019
Surveillance: Moving Forward on Tariffs, Says CEA's Hassett
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Jason Furman, Former Council of Economics Chair, says issues with Mexico might be more important than the tensions with China. Julia Coronado, Macropolicy Perspectives President and Founder, says prime age participation in the labor force has room to grow. Jeff Rosenberg, BlackRock Financial Management Senior Portfolio Manager, says the ECB will have to continue to support the euro-area with perpetual negative interest rates. And Kevin Hassett, White House Council of Economic Advisers Chairman, says the President is set to weigh his options on Mexico tariffs. 
Jun 07, 2019
Surveillance: Conservatives Are Without Party, Says George Will
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Today's episode begins with a conversation from Bloomberg TV with Antony Phillipson, British Consul General to New York, on the 75th Anniversary of D-Day. Following, Neil Shearing, Capital Economics Group Chief Economist, says that Mexico may fold to the U.S. in trade negotiations. George Will, "The Conservative Sensibility" Author, says conservatives are an orphan without a political party. Sonali Basak, Bloomberg Investment Banking Reporter, characterizes Wall Street's mood for the summer as "bored." Austan Goolsbee, Former White House Economic Adviser to President Obama, discusses the late Alan Krueger's book, "Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life."
Jun 06, 2019
Surveillance: Trade Talks Are Unpredictable, Hewson Says
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David Page, AXA Investment Managers U.S. & U.K. Senior Economist, says there is a small risk of a Fed cut in two weeks. Stephanie Baker, Bloomberg News Senior Writer, updates us on trade negotiations between the U.S. and Mexico. Victoria Hewson, Institute of Economic Affairs Senior Counsel, International Trade and Competition Unit, says President Trump is using powers not related to day-to-day trade policy. Jim Caron, Fixed-Income Portfolio Manager at Morgan Stanley Investment Management, discusses his latest note, "What is the Rates Market Telling Us." And David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, previews his upcoming episode of "Peer to Peer Conversations" with Melinda Gates.

Jun 05, 2019
Surveillance Fed Special: Low Inflation Nerves with Evans
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Michael McKee, Bloomberg News International Economics & Policy Correspondent, sits down with two Federal Reserve Presidents. First, Robert Kaplan of the Dallas Fed says the yield curve reflects heightened trade tensions. And Charles Evans of the Chicago Fed says he is "a little bit nervous" about low inflation. Following, Simon Kennedy, Bloomberg News Executive Editor of Economics, says the center of gravity has moved towards a rate cut. And Yelena Shulyatyeva, Bloomberg Economics Senior U.S. Economist, says in the U.S. economy, key cyclical momentum is still there. 
Jun 05, 2019
Surveillance: Johnson & Trump Dissimilar, Diamond Says
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Jenny Leonard, Bloomberg Trade Reporter, and David Merritt, Bloomberg Senior Executive Editor, discuss what a trade deal could look like between the U.S. and a post-EU U.K. Mike Ryan, UBS Wealth Management Chief Investment Strategist, says the notion of fixing the issues between U.S. and China in the coming months is a little naïve after decades in the making. Guy Johnson, Bloomberg TV & Radio Anchor, provides insight into the press conference with President Trump and Prime Minister May. Bob Diamond, Atlas Merchant Capital CEO, says the financial services community want Brexit certainty. 
Jun 04, 2019
Surveillance: Yen Stands to Benefit from Trade War, Says Barth
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Marvin Barth, Barclays Head of FX Strategy, believes that the dollar is ultimately the beneficiary of a volatile, global environment. Lorenzo Codogno, LSE Visiting Professor & Former Italian Treasury Chief Economist, says the government framework of Europe is still unfinished. Margaret Talev, Bloomberg White House Correspondent, discusses President Trump's tweets on London Mayor Sadiq Khan this morning. And Diane Swonk, Grant Thornton Chief Economist, thinks the President's tariffs on Mexico also have to do with immigration at the border. 
Jun 03, 2019
Surveillance: U.S. Is Now A Service Economy, Treyz Says
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Eric Farnsworth, Council of Americas Vice President, says the U.S. is going down a path that requires Mexico to react negatively. Laura Rosner, Macropolicy Perspectives Senior Economist, expects inflation to revert back to 2% over the next 6-12 months. Henrietta Treyz, Veda Partners Director of Economic Policy, recommends stacking up on avocados, in case the U.S. increases tariffs on Mexico. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, advises to buy utility stocks today because they have "relative immunity" to trade war fears.
May 31, 2019
The Age of Disruption with PIMCO
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In conversation with Bloomberg Surveillance and The Open's Jonathan Ferro, PIMCO CEO and CIO present their bearish view of corporate credit and what they expect when it comes to volatility and long term returns. 
May 31, 2019
Surveillance: Fed Vs. The Markets With MUFG's Rupkey
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Chris Rupkey, MUFG Union Bank Chief Financial Economist, previews Fed Vice Chair Clarida's speech, saying it's the Fed versus the markets right now. Joel Levington, Bloomberg Intelligence Director of Credit Research, reacts to PIMCO's Scott Mather's call that this is "probably the riskiest credit market ever." Meredith Sumpter, Eurasia Group Head of Research & Strategy Operations, says the U.S. restrictions on Huawei caught Beijing by surprise. And Democratic presidential candidate Gov. Steve Bullock (D-Montana) tells us he's the best candidate to win in Trump country. 
May 30, 2019
Surveillance: Big Risks In Manufacturing Sector, Sweeney Says
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James Sweeney, Credit Suisse Chief Economist & Americas CIO, sees big risks in the U.S. manufacturing sector. Jerome Schneider, PIMCO MD & Head of Short Term Portfolio Management, says the movement in rates seems to indicate that a recessionary environment is on the rise. Beth Maclean, PIMCO EVP Portfolio Manager, offers investment advice for high risk environments. Hugo Rogers, Deltec CIO, thinks China is in a weaker position than the U.S. in the trade war.
May 29, 2019
Surveillance: China Can Stand Tariffs' Shock, Weinberg Says
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Carl Weinberg, High Frequency Economics Chief Economist, doesn't expect any agreement between the U.S. and China. Jacob Kirkegaard Peterson Institute for International Economics Senior Fellow, thinks a second Brexit referendum is "on the table." Lindsey Piegza, Stifel Chief Economist, says consumer spending is not matching consumer confidence. Brian Kelly, The Points Guy, shares tips for finding cheap flights to Europe.
May 28, 2019
Surveillance Special: Telecom in 2019
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Rich Greenfield, BTIG Managing Director & TMT Analyst, says SNAP is their single best buy on the long side. Walter Piecyk, BTIG Managing Director & TMT Analyst, says Sprint and T-Mobile want Trump to see the deal as a way to beat China to 5G. Craig Moffet, MoffettNathanson Senior Research Analyst, discusses cable video losses. 
May 24, 2019
Surveillance: Americans Are Underinvested In EM, Santos Says
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Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says he has no doubt the American economy will continue to grow throughout the year. Anna Edwards, Bloomberg TV & Radio Anchor, says bringing together the Conservative will be the first challenge for their next leader. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, thinks that structurally, 10% of portfolios should be EM. 
May 24, 2019
Surveillance: Market Gives Trump Slack With China, Marangi Says
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Chris Marangi, Gabelli Funds Co-Chief Investment Officer, advises to be more cautious with companies that have exposure in China. Sonia Meskin, Standard Chartered U.S. Economist, says this Fed understands the interconnectedness of the U.S. and global economy. Gene Munster, Loup Ventures Co-Founder, says Tesla's demand is unknown in the near term. Don Gimbel, Sr. VP and Investment Professional for CIBC Private Wealth Management, says the U.S. will survive the trade war. 
May 23, 2019
Bloomberg and Wondery Present: The Shrink Next Door
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Marty Markowitz had his share of problems. His parents had recently died. He had troubles at work. A failing relationship. He needed someone to help him through this rough patch in his life. So he decided to get some professional help from a psychiatrist. What he did not count on, was what happened in his life over the next twenty-nine years. This is a story about power, control, and turning to the wrong person for help.  Listen now at bloomberg.com/shrinknextdoor
May 22, 2019
Surveillance: Europe Disappeared From Investors Map, Gallo Says
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Daragh Maher, HSBC Securities US Head of FX Strategy, says outside of the U.S., there's no appetite for fiscal stimulus. Kathy Jones, Schwab Center For Financial Research Chief Fixed Income Strategist, expects inflation to stay “pretty stable even with tariffs.” Alberto Gallo, Algebris Investments Portfolio Manager, says Europe has disappeared from the map of many investors. Therese Raphael, Bloomberg Opinion Columnist, says governing a minority government has been the main reason she can’t get her deal passed. Kevin Cirilli, Bloomberg Washington Correspondent, says Democrats will continue pushing for Trump's tax records to be released. 
May 22, 2019
Surveillance: China Is Not A Small Player Anymore, Kelly Says
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Troy Gayeski, Skybridge Capital Co-CIO, says as the trade war escalates, the probability of a rate hike decreases. David Kelly, JPMorgan Asset Management Global Market Strategist, says we are almost at a bipolar world in terms of economic spheres of influence. Bob Diamond, Atlas Merchant Capital CEO, says Deutsche Bank lacks a strong domestic retail business. Seema Shah, Bloomberg Intelligence Senior Consumer Analyst, says its an unknown for Home Depot if they will be impacted by tariffs. 


May 21, 2019
Surveillance: Fed's Bostic Doesn't Foresee Rate Hike
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Jonathan Golub, Credit Suisse Chief US Equity Strategist, says the likelihood of a recession is very low. Sonali Basak, Bloomberg Investment Banking Reporter, discusses the possibility of a leadership change at Deutsche Bank. Bill Schneider, George Mason Professor & Author, "Standoff: How America Became Ungovernable", thinks Joe Biden's candidacy represents a return to normal. Raphael Bostic, Federal Reserve Bank of Atlanta President, does not see a rate cut this year. 
May 20, 2019
Surveillance: China Is Overconfident, Carr Says
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Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, sees a permanent dollar shortage in China. Miranda Carr, Haitong International China Macro Strategist, thinks China is overconfident about how little tariffs impact their economy. Kate Bedingfield, Biden Deputy Campaign Manager, discusses Joe Biden's middle class roots. Bob Michele, JPMorgan Asset Management Global CIO and Head of Global Fixed Income, notes the amount of money in money market funds is the highest since the financial crisis. Amy Myers Jaffe, CFR Senior Fellow for Energy & the Environment and Director of the Program on Energy Security & Climate Change, says the oil market is too relaxed for the current level of risk.
May 17, 2019
Surveillance: A Trade War Isn't Inflationary, Emanuel Says
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Ann Cairns, Mastercard Vice Chair, says it's important to introduce girls to STEM careers. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says a trade war is not inflationary. Joe Feldman, Telsey Senior Research Analyst, says Walmart is less exposed than other retailers to tensions with China. Paul Donovan, UBS Global Chief Economist, thinks the slowdown in 2018 was somewhat caused by trade tensions. Gabriel Felbermayr, Kiel Institute for the World Economy President, posits that, although a "tariff pass-through"takes time to occur, a full pass-through to the American consumers would be highly unusual. 
May 16, 2019
Surveillance: Possible Outcomes of Trade Talks With Spence
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Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, thinks trade tensions were the cause of China's slowdown. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, expects modest earnings growth in 2019. Emma Ross-Thomas, Bloomberg Brexit Editor, brings us a Brexit update. Mike Spence, NYU Professor, says it's confusing what the U.S. and China really want. 
May 15, 2019
Surveillance: Trade Should Be Enhanced, Mann Says
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Catherine Mann, Citigroup Global Chief Economist, says closing the door to trade doesn't enhance an economy. Jens Nordvig, Exante Data Founder & CEO, analyzes the trade dispute's impact on the renminbi. Mark Lehmann, JMP Securities President, says China has more to lose than the U.S. and Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, discusses actions taken by retailers to alleviate the impact of tariffs. 
May 14, 2019
Surveillance: Tariffs Are Attacks On Importers, Roach Says
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Michael Purves, Weeden Chief Global Strategist, says credit spreads have yet to back up. Stephen Roach, Yale Professor, Former Morgan Stanley Asia Chairman and Author of "Unbalanced: The Codependency of America and China", says tariffs are attacks on importers and the U.S. is the importer. Keyu Jin, London School of Economics & Political Science Professor, thinks U.S. tariffs have caused a surge of nationalism in China. Ted Alden, CFR Senior Fellow, Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy", says Trump's complaints about China are legitimate but his tactics aren't. 
May 13, 2019
Surveillance: China Will Retaliate If No Deal Today, Woo Says
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Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the burden of tariffs will fall on U.S. consumers. David Kirkpatrick, Techonomy Media CEO & Founder, says Uber will have to rise prices soon. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the Fed is keeping a close eye on inflation. Devin McDermott, Morgan Stanley Executive Director and Head of North American Exploration & Production and Integrated Oil Research, sees nice opportunities for synergies at Anadarko. David Woo, Bank of America Merrill Lynch Head of Global Rates & FX Strategy, thinks different markets priced in different probabilities of a U.S.-China deal. 



May 10, 2019
Surveillance: Being Against China Is Popular, Treyz Says
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Peter Hooper, Deutsche Bank Global Head of Economic Research, thinks it's unlikely that China or the U.S. will back off. Henrietta Treyz, Veda Partners Managing Partner & Director of Economic Policy Research, says being against China is "extraordinarily popular" in the U.S. Steve Ricchiuto, Mizuho Securities Chief Economist & Managing Director, says trade deals never solve trade deficit problems. Haran Segram, NYU Stern Professor, says it's not advisable to compare Uber with Amazon or Facebook for its valuation.
May 09, 2019
Tariffs Are A Job Killer, PIIE's Lovely Says
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Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says U.S. businesses are negatively impacted by the tariffs imposed on China. David Rosenberg, Gluskin Sheff Chief Economist & Strategist, says there's way too much risk in the market. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, doesn't foresee a recession in the data. Golnar Motevalli, Bloomberg Iran Reporter, says the U.S. and Europe are on different sides when negotiating with Iran. 
May 08, 2019
Surveillance: Nobody Wins A Trade War, Adm. Stavridis Says
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Willem Buiter, Citi Special Economic Adviser, says the full package of sanctions on China would be in nobody's interest. Meredith Sumpter, Eurasia Group Head of Research Strategy and Operations, expects onward tariffs and confrontation after a U.S.-China deal. Diane Swonk, Grant Thornton Chief Economist, sees chances of a recession in 2020. Admiral James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, says when studying European history, he learned nobody wins a trade war. 
May 07, 2019
Surveillance: Equity Markets Still Pretty Good, Patel Says
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Tony Dwyer, Canaccord Genuity Chief Market Strategist, thinks it's impossible to make an investment decision off of a tweet. Elaine Kamarck, Brookings Center For Effective Public Management Director, discusses Trump's negotiating tactics with China. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, says the outlook for equity markets is still pretty positive. And Doug Kass, Seabreeze Partners President, analyzes Amazon's challenges. 
May 06, 2019
Surveillance: Capitalism Works, Langone Says
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Alan Ruskin, Deutsche Bank Chief International Strategist, offers insights on output gap measurements. Jeffrey Sachs, Columbia University Economics Professor, says professionalism is key in the Fed. Ellen Zentner, Morgan Stanley Chief U.S. Economist, thinks it's a relief that Stephen Moore's nomination was pulled. Jeff Rosenberg, BlackRock’s Systematic Fixed Income Team Senior Portfolio Manager, says today's jobs data continues a sequence of strong reports. Ken Langone, Author of "I Love Capitalism" & Home Depot Co-Founder, says capitalism can be brutal but it works. 
May 03, 2019
Surveillance: A Long Way To Full Employment, Blanchflower Says
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Steven Englander, Standard Chartered Bank Global Head of FX, says the Fed's inflation forecast record isn't brilliant. Jerome Schneider, PIMCO Head of Short-Term Portfolio Management, expects the next Fed move to be higher in rates. Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, says there's still quite a long way to full employment. Sarah House, Wells Fargo Securities Senior Economist, expects a slowdown in the labor market. 
May 02, 2019
Surveillance: People Are No Longer With Maduro, O'Neil Says
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Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, believes we will avoid an earnings recession this year. Dan Ives, Wedbush Securities Managing Director, says Apple will make new highs over the coming months. Shannon O'Neil, CFR Senior Fellow for Latin American Studies, highlights that the military is not fully under Maduro's control. Randy Kroszner, Univ. of Chicago Professor & Former Fed Governor, says the Fed being under political pressure is nothing new. 
May 01, 2019
Surveillance: Venezuelans Want Regime Change, Jimenez Says
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Joe Quinlan, Head of CIO Market Strategy for Merrill and Bank of America Private Bank, sees signs of hope in European eco. Maryhen Jimenez Morales, Oxford University Politics Lecturer, says 90% of Venezuelans want a peaceful regime change. Alex Conant, Former Marco Rubio Presidential Campaign Communications Director, says the political unrest in Venezuela is destabilizing for the region. Brooke Sutherland, Bloomberg Opinion Columnist, brings us an update on GE. Michael Purves, Weeden & Co-Chief Global Strategist, says that solid (but not spectacular) earnings and GDP growth have become the new normal. 
Apr 30, 2019
Surveillance: The U.S. Is Still The Driest Towel, Chandler Says
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Marc Chandler, Bannockburn Global Foreign Exchange Chief Market Strategist & Managing Partner, says the U.S. is still the driest towel in the global economy. Catherine Yeung, Fidelity Investment Director, says the Belt and Road Initiative aims at increasing China's soft power. Alastair Newton, Alavan Business Advisory Director, says the Spanish populist party is eurosceptic but not anti-European. Dr. Peter Hotez, Dean of the National School of Tropical Medicine at Baylor College of Medicine, discusses the anti-vaccine movement and measles. Craig Moffett, MoffettNathanson Senior Research Analyst, says no one else can follow Disney's strategy because no one else has the advantages of being Disney. 
Apr 29, 2019
Surveillance: GDP, Not That Positive Under The Hood, Greene Says
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Lisa Shalett, Morgan Stanley Wealth Management CIO, says the last decade has been "a magical time" for companies to raise capital. George Bory, Wells Fargo Head of Fixed Income Research, says there's a real conundrum in the bond market. Eileen Burbidge, Passion Capital Partner, says Twitter's success will depend on their ability to control abusive behavior on their platform. Megan Greene, Manulife Asset Management Global Chief Economist, thinks GDP data are not as positive as the headline might suggest. 
Apr 26, 2019
Surveillance: Dollar Strength Is Unsustainable, Tirupattur Says
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Matt Miller, Bloomberg TV & Radio Anchor, says most German politicians were against the Deutsche Bank-Commerzbank merger. Jonathan Tyce, Bloomberg Intelligence Senior European Banks Analyst, thinks it makes sense to consolidate small domestic banks. Vishy Tirupattur, Morgan Stanley Head of Fixed Income Research & Director of Quantitative Research, says dollar strength is unsustainable. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says Joe Biden will be the centrist of the 2020 race. Shira Ovide, Bloomberg Opinion Columnist, thinks Facebook still has many privacy challenges ahead. And Scott Galloway, Leonard Stern School of Business Marketing Professor, discusses the tech earnings bonanza. 
Apr 25, 2019
Surveillance: Progressive Capitalism With Joseph Stiglitz
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Marcus Ashworth, Bloomberg Opinion Columnist, says the Fed is absolutely on hold. Joseph Stiglitz, Nobel Laureate and Author of "People, Power and Profits," says the government has a role in progressive capitalism. Julia Coronado, MacroPolicy Perspectives President & Founder, says it's not all sunshine and roses in corporate earnings. Paul Sankey, Mizuho Securities Oil & Gas Analyst and Managing Director, offers his insights on Occidental's purchase of Anadarko. Paul Smith, CFA Institute President & CEO, says we need to reattach finance to a sense of purpose. 
Apr 24, 2019
Surveillance: I Don't Think Inflation Is Dead, Hatzius Says
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Jose Rasco, HSBC Chief Investment Strategist at HSBC Private Bank Americas, expects the Fed to remain on hold this year. Jan Hatzius, Goldman Sachs Chief Economist & Head of Global Economics and Markets Research, doesn't think inflation is dead. Dan Tannebaum, PwC United States Principal and Global Sanctions Leader, thinks it's unlikely that Iran closes the Strait of Hormuz. Lindsey Piegza, Stifel Chief Economist, predicts negative economic growth in 2020. 
Apr 23, 2019
Surveillance: The U.S. Economy Is Strong, Rupkey Says
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Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the U.S. economy is strong. Todd Mariano, Eurasia Group U.S. Director, discusses next steps in the Mueller investigation. Liz Young, BNY Mellon Investment Management Director of Market Strategy, expects earnings and U.S. growth to be heavier in the end of the year. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, argues that in labor force terms, unemployment claims are at all time lows.
Apr 22, 2019
Surveillance: Justice Dept Highly Politicized, Valliere Says
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Taylor Riggs, Bloomberg News Reporter, discusses JPMorgan's succession plans. Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, doesn't think the Mueller report will have an impact on trade talks. Gideon Rose, Foreign Affairs Magazine Editor and Peter G. Peterson Chair, says Trump's foreign policy isn't sustainable or effective. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says the justice department is a highly politicized agency.
Apr 18, 2019
Apple Settlement Validates Qualcomm's IP: Srinivasan
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Anand Srinivasan, Senior Semiconductor and Hardware Analyst for Bloomberg Intelligence, on the Qualcomm-Apple settlement and what it means for chip stocks. Doug Duncan, Chief Economist at Fannie Mae, on the spring buying season, outlook for mortgage rates, and consumer attitudes on housing. Tuna Amobi, CFRA Research’s media and entertainment analyst, on Netflix and big media earnings. Jitendra Waral, Senior Analyst: Internet & Consumer Products for Bloomberg Intelligence, on Pinterest's IPO.
Apr 17, 2019
Surveillance: Europe Is The Catch Up Trade, Fowler Says
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Yalman Onaran, Bloomberg Senior Writer, analyzes Morgan Stanley's earnings report. Gerry Fowler, Aberdeen Standard Investments Multi-Asset Strategist, says Europe is the Catch-up trade. Simon Johnson, MIT Sloan School of Management Global Economics Professor, highlights the need of spreading opportunities out of the coastal cities. Geetha Ranganathan, Bloomberg Intelligence Analyst of Media, thinks Netflix results show fairly significant pricing power. Libby Cantrill, PIMCO Head of Public Policy, doesn't expect to see a Democratic nominee until late spring or summer. 
Apr 17, 2019
Surveillance: Notre Dame's Past & Future
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Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says banks doesn't thrive in a flattening yield curve environment. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy and Large Cap Bank Analyst, thinks that technology will complement, not substitute the human component on the banking sector. Geetha Ranganathan, Bloomberg Intelligence Media Analyst, predicts Netflix and Disney will emerge as winners in the streaming sector. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, says 2% GDP growth is the new normal. Bloomberg's Bob Moon says Notre Dame has always managed to rise again. 
Apr 16, 2019
Surveillance: Paying Tribute to Notre Dame
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The mood in Paris today is somber after a fire ripped through the Notre Dame Cathedral. The iconic structure took more than 200 years to build and just a few hours to burn. It's rich with history, serving as a setting to crown kings and celebrate the liberation of Paris from the Nazis. As French authorities assess the damage and craft plans to rebuild the monument, Bloomberg's Tom Keene, Bob Moon and Annmarie Hordern reflect on the moment.
Apr 16, 2019
Surveillance: Trump Doesn't Impact Powell, Bremmer Says
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Ian Bremmer, Eurasia Group President, says Fed Chairman Powell is a "capable, qualified and independent" chief. Fred Cannon, KBW Global Director of Research, will focus on net interest margins during this bank earnings season. Sonali Basak, Bloomberg Banking Reporter, talks banking and IPOs. Diane Swonk, Grant Thorton Chief Economist, says the Federal Reserve Board hasn't always been as strong as it is now. 
Apr 15, 2019
Surveillance: JPMorgan Is Fairly Valued, Whalen Says
1605
Catherine Mann, Citi Global Chief Economist, and Lupin Rahman, PIMCO Head of EM Sovereign Credit, discuss China's latest economic data. Adam Posen, Peterson Institute President, says low interest rates in Europe are the scariest development in bond markets he has ever seen. Chris Whalen, RC Whalen Global Advisers, thinks JPMorgan is fairly valued. Adrienne Elrod, Democratic Strategist & Clinton 2016 Campaign Director of Strategic Communications, says Bernie Sanders is the front-runner for the Democratic presidential nomination.
Apr 12, 2019
Surveillance: I Want Openness & Sunlight On The Fed, Moore Says
2330
Troy Gayeski, Skybridge Capital Partner & Senior Portfolio Management, sees a higher probability of a Fed cut than a hike. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research, expects weak numbers in this banks earnings season. Bill Lee, Milken Institute Chief Economist, says that Europe is the last place he would invest. Stephen Moore, Heritage Foundation Distinguished Visiting Fellow, wants "openness and sunlight on the Fed" if he joined the board. Representative Debbie Dingell, Democrat from Michigan, points out the lack of a regulatory framework for autonomous vehicles in the U.S. 
Apr 11, 2019
Surveillance: "Wait And See" Mode After Draghi, Coronado Says
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Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, expects two Fed rate cuts and stocks to go higher in 2019. Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, thinks the Euro will move to the downside. Julia Coronado, Macropolicy Perspectives Founder, thinks markets were not expecting Draghi to deliver a lot-and he didn't. Mike Mayo, Wells Fargo Securities Senior Analyst, says it's time to increase the effectiveness of bank regulations. 
Apr 10, 2019
Surveillance: Tech Is Keeping Inflation Muted, Rosner Says
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Drew Matus, Metlife Investment Management Chief Market Strategist, says it's very difficult to drive the U.S. into a recession from overseas. Henrietta Treyz, Veda Partners Director of Economic Policy, thinks protecting NAFTA is the main priority of the business community. Laura Rosner, Macropolicy Perspectives Senior Economist, says technology is keeping inflation muted. Martin Indyk, Council on Foreign Relations Distinguished Fellow & Former Ambassador to Israel, says whoever wins the Israeli elections will need a coalition with small parties to govern. Sarah McGregor, Bloomberg U.S. Economic Policy Team Leader, says the silver lining in the IMF report is that it highlights that things will potentially improve in the second half of next year. 
Apr 09, 2019
Surveillance: NATO Is A Transatlantic Bridge With Stavridis
1713
Vasileios Gkionakis, Banque Lombard Odier Global Head of FX Strategy, says the Fed has maintained its full independence. Jane Foley, Rabobank Head of FX Strategy, says the dollar is behaving as a safe heaven. Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, says it's good value for the U.S. to stay in NATO. Roland Rudd, Finsbury Public Relations Founder and Chairman of Business for News, says recently, Parliament has reaffirmed its authority. 
Apr 09, 2019
Surveillance: Everyone Is Scrambling For Yield, Michele Says
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Davide Serra, Algebris Investments CEO, says there are too many banks in Europe. Ebrahim Rahbari, Citi Global Head of FX Analysis, doesn't think this is a "dollar-sell" environment. Catherine Barnard, Cambridge University Professor, believes it would have been smart to have cross-party discussions since the Brexit referendum. Bob Michele, JP Morgan Chief Investment Officer, sees everyone scrambling for yield right now. 
Apr 08, 2019
Surveillance Special: Views From The Ambrosetti Spring Workshop
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Tom Keene and Francine Lacqua host from the Ambrosetti Spring Workshop in Cernobbio, Italy. In this episode, we feature our TV & Radio interviews with: Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, Laurence Boone, OECD Chief Economist, Nouriel Roubini, Roubini Macro Associates CEO, Jacob Frenkel, JPMorgan Chase International Chairman, Luigi Zingales, Chicago Booth School Professor, and Jim O'Neill, Chatham House Chair. 
Apr 05, 2019
Surveillance: U.S. Economy Really Coming Back, Kudlow Says
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Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, does not think wage growth is translating into inflation. Mike Darda, MKM Partners Chief Economist & Macro Strategist, sees solid job growth without signs of overheating. Larry Kudlow, U.S. National Economic Council Director, says the U.S. economy is "really coming back." Tiffany Wilding, PIMCO U.S. Economist, highlights the improvements in labor market participation.



Apr 05, 2019
Surveillance: We Must Take The Yield Curve Seriously, Fels Says
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Joachim Fels, PIMCO Global Economic Advisor, says the yield curve predicts and also causes recessions. Derek Halpenny, MUFG European Head of Global Markets Research, says central banks have a significant appetite for the Euro. Kristina Hooper, Invesco Chief Global Market Strategist, considers it hyperbolic to say we are going into an earnings recession. Brian Deese, BlackRock Global Head of Sustainable Investing, talks climate change and risks to investors. 
Apr 04, 2019
Surveillance: U.S. Treasuries Look Cheap Globally, Major Says
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Steven Major, HSBC Global Head of FI Research, thinks U.S. bonds look cheap globally.  Emma Ross-Thomas, Bloomberg Brexit Editor, updates us on Parliament's plans to avoid a no-deal Brexit. David Page, AXA Investment Managers Senior Economist U.S. & U.K., expects some euro appreciation. Jim Paulsen, The Leuthold Group Chief Investment Strategist, thinks this is a good environment for stocks. 
Apr 02, 2019
Surveillance: FX Market Has Become Very Political, Bloom Says
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Lord Andrew Adonis, Former U.K. Secretary of State For Transport, speaks in favor of a second referendum. David Bloom, HSBC Global Head of FX Strategy, says the FX market has become very political. Bob Michele, JPMorgan Asset Management Global CIO & Head Of Global Fixed Income, thinks the Fed is holding rates for the next two years. Sarah House, Wells Fargo Senior Economist, foresees U.S. growth bouncing back in the coming months. And Matt Hornbach, Morgan Stanley Global Head of Interest Rate Strategy, says he's currently neutral on the bond market. 
Apr 01, 2019
Surveillance: I'm Not A Buy And Hold Advocate, Shiller Says
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Chris Verrone, Strategas Partner & Head of Technical Strategy, thinks sentiment is too extreme with the long bond call. Robert Shiller, Yale Professor, says he is not a buy and hold advocate. Catherine Barnard, Cambridge University Professor & 'The UK in a Changing Europe' Sr. Fellow, says there are parties within parties in U.K. Parliament. Logan D. Green and John Zimmer, Lyft Inc Co-Founders, see a shift from the car ownership to the sharing model. 
Mar 29, 2019
Surveillance: Monetary Policy Tools Are Ineffective, Kelly Says
1699
David Kelly, JPMorgan Asset Management Chief Global Strategist, says monetary policy tools are ineffective. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, expects a recession in 2020. Jane Foley, Rabobank Head of FX Strategy, is cautious about EM. Max Nisen, Bloomberg Opinion Healthcare Columnist, says 20 million people would lose coverage if Obamacare is struck down.  
Mar 28, 2019
Surveillance: Investing in Lyft With NYU’s Segram (Correct)
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Luigi Zingales, University of Chicago Booth School Finance Professor, talks bank mergers and the benefits of being "too big to fail." Haran Segram, NYU Leonard N. Stern School of Business Professor, says Lyft investors are paying for the future instead of the current state of affairs of the company. Brooke Sutherland, Bloomberg Opinion Columnist, talks about the latest developments in the Boeing investigation.
(Corrects to remove segment on Chatham Asset Management)
Mar 27, 2019
Surveillance: Equality in Hollywood With Giese
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Ellen Zentner, Morgan Stanley Chief U.S. Economist, says commodity prices are too volatile a measure to use to judge the economy. Priya Misra, TD Securities Head of Global Rates Strategy, says interest rates have some room to raise. Maria Giese, Feature Film Director, Activist & TEDx Speaker, “The Battle for Women’s Voices in Entertainment Media," says equal employment laws in Hollywood lack enforcement. Paul Sankey, Mizuho Americas Oil & Gas Analyst & Managing Director, notes Saudi Arabia is discussing a price range for oil. Ida Liu, Citi Private Bank Senior Private Banker, says many of her clients are interested in gender lens investing. 
Mar 27, 2019
Surveillance: Global Economic Data Will Hold Up, Hooper Says
1512
David Folkerts-Landau, Deutsche Bank Head of Research and Group Chief Economist, says Europe needs a unified banking system. Bloomberg's Anna Edwards discusses the U.K. Parliament's next steps. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says there's slower demand for copper and other base metals in China. Kristina Hooper, Invesco Chief Global Market Strategist, expects global economic data to hold up. 
Mar 26, 2019
Surveillance: New Political Focus After Mueller, Hormats Says
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Tony Crescenzi, PIMCO Market Strategist & Portfolio Manager, says it's not improbable that interest rates will stay low until 2030. Robert Hormats, Kissinger Associates Vice-Chair, thinks U.S. political focus will shift following the release of the Mueller's report. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, discusses the pressures that Xi Jinping confronts domestically. Doug Thornell, Former DNC Senior Adviser, says Democrats should keep the focus on kitchen table issues. 
Mar 25, 2019
Surveillance: Dynamic Ownership With RTR's Hyman
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Greg Daco, Oxford Economics Chief U.S. Economist, doesn't see much momentum upward for yields going forward. Antony Phillipson, British Consul General for the U.S., says there's no more important trade partnership for the U.K. than the one it has with North America. Jenn Hyman, Rent The Runway CEO, says her company is more often linked with the sharing economy than retail. Margaret Brennan, CBS Face the Nation Host, expects the U.S. and China negotiations to focus on the details of goods trading rather than China's business practices. 

Mar 22, 2019
Surveillance: The Economy Is Shifting Gears, Piegza Says
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Henrietta Treyz, Veda Partners Director of Economic Policy, says although the business community want tariffs to end, D.C. politicians are comfortable with them. Ira Jersey, Bloomberg Chief U.S. Interest Rates Strategist, and Jeanna Smialek, Bloomberg Economy Reporter, highlight the Fed's cautiousness. Lindsey Piegza, Stifel Chief Economist, thinks the economy is shifting gears but it's at a very early stage. Francine Lacqua, Bloomberg Surveillance Anchor, updates us on Brexit talks from Brussels at the European Leaders Summit. 
Mar 21, 2019
Surveillance: Defaults Are A Necessary Evil, Kong Says
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Kate Moore, BlackRock Investment Institute Chief Equity Strategist, says the opportunity in equities is on quality. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, and Michael McKee, Bloomberg International Economics & Policy Correspondent, share their expectations for today's Fed meeting. Theresa Kong, Matthews Asia Head of Fixed Income & Portfolio Manager, says Chinese defaults will slowly increase but they are a necessary evil. Therese Raphael, Bloomberg Opinion Columnist, says the option of a no-deal Brexit is still on the table at the end of June. 
Mar 20, 2019
Surveillance: Alan Krueger's Economic Legacy
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Remembering Princeton University's Alan Krueger with Dartmouth Professor of Economics Danny Blanchflower, Bloomberg International Economics & Policy Correspondent Michael McKee, University of Michigan Associate Professor for Public Policy & Former U.S. Department of Labor Chief Economist Betsey Stevenson, and Bloomberg Businessweek Economics Editor Peter Coy.
Mar 19, 2019
Surveillance: This AI Cycle Is Different, NYU's Dhar Says
2456
Jerome Schneider, PIMCO Head of Short-Term Bond Portfolios, says investors must calibrate expectations taking into account higher volatility. Brian Wieser, GroupM Global President of Business Intelligence, talks the future of the ad industry. Vasant Dhar, NYU Stern Professor, explains why this AI cycle is different. Viviana Hurtado, Bloomberg Reporter, details exciting new developments from New York City's new Hudson Yards. Barry Strauss, Cornell Professor of History, discusses his book "Ten Caesars" on the Ides of March. 
Mar 15, 2019
Surveillance: U.K. Unprepared For No-Deal Brexit, Dimon Says
2731
Steve Eisman, Neuberger Berman Senior Portfolio Manager, discusses his three U.K. bank shorts. Patricia Mosser, Columbia University Economic Policy Management Program Director, says China and Europe are slowing the U.S. Jamie Dimon, JPMorgan Chairman and CEO, says trade imbalances could cause a financial recession. David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, says there's no evidence that going to elite schools will make children do better in life. Ambassador William J. Burns, Carnegie Endowment for International Peace President, discusses his new book "The Back Channel: A Memoir of American Diplomacy and the Case for Its Renewal." 
Mar 14, 2019
Surveillance: EM Valuations Are Very Cheap, Memani Says
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Raghuram Rajan, Former RBI Governor and University of Chicago Booth School of Business, says the college admissions scandal is a "blow to the system". Brian Levitt, OppenheimerFunds Senior Investment Strategist, says he is starting to see stabilization in Chinese growth. Krishna Memani, OppenheimerFunds CIO, says EM investing is about companies rather than geographies. Laura Francis, Bloomberg Law Senior Legal Editor, says it's highly unlikely that the budget bill passes Congress. Christina Boris, OppenheimerFunds Client Research Head, says most of their clients are focused on long term investment. 
Mar 13, 2019
Surveillance: RBC Open To Tactical Acquisitions, McKay Says
1730
Dave McKay, RBC President & CEO, says the company is open to "tactical" acquisitions. Howard Ward, Gabelli Funds CIO of Growth Equities, believes that orders of the Boeing 737 MAX 8 will remain intact.  Lindsey Piegza, Stifel Chief Economist, says wage growth came too little and too late. Christopher Jasper, Bloomberg European Transportation Deputy Team Leader, explains the differences between the Boeing 737 MAX 8 and previous models.
Mar 12, 2019
Surveillance: Trade Spat Impact Is Overstated, Weinberger Says
1631
Carl Weinberg, High Frequency Economics Chief Economist, doesn't think the trade spat is directly behind China's slow economic growth. Nick Lardy, Peterson Institute for International Economics Senior Fellow, highlights that consumption is now the major source of growth in China. Chris Bryant, Bloomberg Opinion Columnist, says it's unclear if the cause of the Ethiopian crash was a Boeing design flaw. Henrietta Treyz, Veda Partners Director of Economic Policy, doubts that fair trade will be negotiated between the U.S. and China.  
Mar 11, 2019
Surveillance: Household Survey Was Up, Kudlow Notes
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Lawrence Kudlow, White House National Economic Council Director, joins Jonathan Ferro to discuss this month's surprising jobs report. 


Mar 08, 2019
Surveillance: Labor Force Growth Is Slowing, Joseph Cohen Says
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To celebrate International Women's Day, Bloomberg Surveillance brings you top voices in the worlds of finance, economics and international affairs. Mona Mahajan, Allianz Global Investors Director & U.S. Investment Strategist, says at some point, Europe could become interesting from a dividend perspective. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, expects 10-year Treasury yields to go below 2.5%. Julia Coronado, MacroPolicy Perspectives President & Founder, says service sector dynamics can be resilient in the next global slowdown. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says women remain "dramatically underrepresented" in universities. And Elaine Kamarck, Brookings Senior Fellow, discusses candidates in the presidential race. 
Mar 08, 2019
Surveillance: The EU Needs A Weaker Euro, Rosenberg Says
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David Rosenberg, Gluskin Scheff Chief Economist & Strategist, says the EU needs a weaker euro to stimulate the manufacturing sector. Bill Lee, Milken Chief Economist, says global equity markets would crash if President Trump walked away from a deal with China. David Owen, Jefferies International Chief European Financial Economist, talks the challenges of the "large and fragmented" EU banking sector. Louise Yamada, Louise Yamada Technical Research Advisors, feels more constructive about gold.
Mar 07, 2019
Surveillance: Fed Tightening May Be Back In 2019, Dudley Says
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Vince Cable, U.K. Liberal Democrat Party Leader, says India will overtake China. Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, says the ECB has its hands tied.  William Dudley, Princeton Senior Research Scholar & Former Federal Reserve Bank Of New York President, thinks Fed tightening might be on the table in the second half of 2019. Sarah House, Wells Fargo Securities Senior Economist, notes financial conditions are the easiest since last October. Saleha Mohsin, Bloomberg U.S. Treasury Department Reporter, says markets and China want a deescalation of tariffs. 
Mar 06, 2019
Surveillance Special: China's Economic Slowdown
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Elizabeth Economy, CFR Senior Fellow & Director for Asia Studies, says there's a sense of political malaise in China. David Ingles, Bloomberg Markets Reporter, joins us from Beijing to report on China's lowering of its growth target. Marianne Petsing-Schneider, Chatham House U.S. Geo-Economics Fellow for U.S. and the Americas Programme, says the U.S. is now in a stronger negotiating position for trade talks with China. Daniel Katzive, BNP Head of FX Strategy North America, says the renminbi is increasingly more market determined. Steve Wieting, Global Chief Investment Strategist, discusses China's moves to reinvigorate its economy. 
Mar 05, 2019