Bill Smead, CEO of Smead Capital Management, discusses what would happen if oil was priced at $20 a barrel. Bloomberg's Chris Reiter discusses a study from consultant firm Roland Berger that says a U.S. border tax will make most automakers unprofitable and lead to job losses. Bill Sandbrook, CEO of U.S. Concrete Inc., discusses the process of submitting proposals to build Trump's border wall. Finally, Tom Tucci, the head of U.S. treasury trading at CIBC World Markets, says tax policy will drive ...
Mar 08, 2017•27 min
In this special episode of P&L, recorded live at Symphony Hall in Boston, we take a look at the city in the age of Trump. First up: Mayor Marty Walsh talks about the potential impact of an immigration ban on tourism and what it means for employee recruitment by tech companies. Also, Bloomberg Intelligence's Brian Rye discusses the GOP's new health-care proposal. Then, Boston Pops conductor Keith Lockhart discusses the future of classical music and the importance of arts funding. Finally, Tom...
Mar 07, 2017•31 min
Eric Balchunas, an ETF analyst at Bloomberg Intelligence, discusses active versus passive management and the ongoing pressure on fees at asset managers. Joe Mysak, an editor at Bloomberg Briefs Municipal Market, tells Pimm Fox and Lisa Abramowicz what higher rates mean for the municipal market. Cathy O'Neil, a mathematician and Bloomberg View contributor, discusses her column "In The World of Big Data, More Isn't Always Better." Finally, Hector Barreto, the chairman of the Latino Coalition and t...
Mar 03, 2017•27 min
Conor Sen, a Bloomberg View columnist and money manager at New River Investments, says Donald Trump's infrastructure plan would require an additional 570,000 construction workers. David Kudla, CEO and chief investment strategist of Mainstay Capital, discusses markets and investments, the Fed and his current stock picks. Max Nisen, a Bloomberg Gadfly columnist, discusses Roche's successful patient study on its breast cancer drug and the outlook for Valeant. Finally, Rob Barnett, a senior energy p...
Mar 02, 2017•27 min
Vincent Reinhart, the chief economist at Standish Mellon Asset Management, says the Wall Street Journal's coverage of the Fed's January meeting shaped the probability of a March rate hike. Neil Dwane, a global strategist at Allianz Global Investors, discusses Donald Trump's speech to the joint session of Congress. Bloomberg Intelligence's Paul Sweeney discusses Snap's IPO. Finally, Bloomberg's Erik Schatzker discusses the management shake-up at the world's biggest hedge fund, Bridgewater, as Ray...
Mar 01, 2017•25 min
Burt Flickinger, managing director at Strategic Resource Group, discusses Target's earnings and outlook. Henry Peabody, co-manager of the Eaton Vance Multi-Sector Bond Fund, discusses the fixed-income markets and opportunities in high yield. Bloomberg reporter Laura Keller discusses CLSA Ltd.'s decision to shut its U.S. equity research staff and dismiss analysts including Mike Mayo. Finally, Bloomberg's John Butler discusses Apple's annual shareholder meeting, highlights from the Mobile World Co...
Feb 28, 2017•28 min
Premier CEO Susan DeVore discusses the impact on hospitals of the Trump administration's plan to overhaul the Affordable Care Act. Bloomberg's Noah Buhayar discusses Warren Buffett's annual letter to shareholders and Berkshire Hathaway's earnings. Brendan Brown, the chief economist and head of economic research at Mitsubishi UFJ Securities, tells Pimm Fox and Lisa Abramowicz how Donald Trump can win the currency war. Finally, Eric Martin, a Bloomberg reporter based in Mexico City, discusses Mexi...
Feb 27, 2017•33 min
Zach Tracer, a health care reporter at Bloomberg, says blowback from constituents is growing as the GOP's Obamacare replacement will result in fewer Americans being covered by health insurance. Poonam Goyal, a retail analyst at Bloomberg Intelligence, discusses JC Penney's announcement that it will close up to 140 stores. Finally, Bloomberg's Toluse Olorunnipa discusses President Trump's speech at the Conservative Political Action Conference. See omnystudio.com/listener for privacy information....
Feb 24, 2017•22 min
Liam Denning, a Bloomberg Gadfly energy columnist, says most of Tesla's value lies in what people expect the company to be doing five or 10 years from now. Krishna Memani, chief investment officer at Oppenheimer Funds, discusses long bonds, growth, reflation and leveraged loans. Craig Johnson, president of Customer Growth Partners, says department stores make up 1.6 percent of the retail market, down from 10 percent a generation ago. Finally, Bloomberg's Saleha Mohsin discusses U.S. Treasury Sec...
Feb 23, 2017•29 min
The number of first-time home buyers is rising, reflecting millennials who are the single biggest group of U.S. purchasers, says Logan Mohtashami, a senior loan officer at AMC Lending Group. Joel Levington, a senior credit analyst at Bloomberg Intelligence, tells Pimm Fox and Lisa Abramowicz why share repurchases would be a better use of capital than acquisitions. Finally, Bloomberg's Leslie Patton discusses McDonald's plan to cut prices on drinks as the fast-food industry slumps. See omnystudio...
Feb 22, 2017•21 min
Nicholas Weaver, a security researcher at the International Computer Science Center at Berkeley, says it would be simple to hack Donald Trump's phone. Bloomberg's Ed Hammond discusses Unilever's decision to rebuff a $143 billion takeover bid from Kraft Heinz. Ken Goldstein, an economist at the Conference Board, speaks with Pimm Fox and Lisa Abramowicz about the latest Index of Leading Economic Indicators. Finally, Bloomberg's Matt Miller discusses the latest news from the Munich Security Confere...
Feb 17, 2017•27 min
Bloomberg's Tony Capaccio says Boeing's CEO was in the room listening to Donald Trump's calls to the Pentagon about the Lockheed Martin F-35 jet. Ward McCarthy, the chief financial economist at Jefferies, discusses rates, fixed income and the Fed. Jonathan Gruber, a professor of economics at MIT who is considered a key architect of Obamacare, discusses the Trump administration's proposed changes to health care. Finally, Bloomberg's Yalman Onaran tells Pimm Fox and Lisa Abramowicz that Trump's ta...
Feb 16, 2017•28 min
Bloomberg Intelligence's Carl Riccadonna and Nathan Dean discuss Janet Yellen's testimony to Congress and the state of play for Dodd-Frank. Then Ken Shea, a food, beverage and tobacco analyst at Bloomberg Intelligence, discusses earnings and provides an outlook for the spirits industry. See omnystudio.com/listener for privacy information.
Feb 15, 2017•14 min
Ariel Cohen, a senior fellow at the Atlantic Council, discusses the fallout of General Flynn's resignation and relations between Russian and the U.S. Then, Alex Nowrasteh, an immigration policy analyst at the Center for Global Liberty and Prosperity at the Cato Institute, discusses the outlook and issues surrounding the Trump administration's immigration policies. Finally, Phil Orlando, the chief equity strategist for Federated Global Investment Management, discusses markets, current investment ...
Feb 14, 2017•22 min
Damian Sassower, a fixed income strategist for Bloomberg Intelligence, discusses declining foreign currency reserves held by emerging-market nations. Jeff Weiss, the chief technical analyst at Clearview Trading Advisors, and Bloomberg Intelligence's Yelena Shulyatyeva, compare technical analysis to economic forecasts for the markets. Lucas Shaw, a Bloomberg media and entertainment reporter, says Facebook is trying to break into the music industry and offer labels an alternative to YouTube. Final...
Feb 13, 2017•30 min
George Magnus, a Bloomberg View columnist and an associate at Oxford University's China Centre, says China isn't ready to make the concessions the U.S. wants on trade policy. June Grasso, co-host of "Bloomberg Law," discusses the next steps for the Trump administration after an appeals court refused to reinstate the travel ban. Art Hogan, the chief market strategist at Wunderlich Capital Markets, speaks with Pimm Fox and Lisa Abramowicz about the markets and his investment strategy. Finally, Bri...
Feb 10, 2017•30 min
Jim Bianco, president and founder of Bianco Research, says 10-year Treasury yields could fall below 2.3% before rising to 3%. Alex Zozaya, CEO of Apple Leisure Group, discusses investment opportunities for tourism and travel in Central America and Donald Trump's potential effect on the travel industry. Sarah Jane Mahmud, a government analyst for Bloomberg Intelligence in London, discusses the passage of Theresa May's Brexit bill. Finally, Shruti Singh, an agriculture companies reporter for Bloom...
Feb 09, 2017•26 min
Jim Vogel, an interest rate strategist at FTN Financial, says he expects a plan from the Federal Reserve for its $400 billion of Treasury holdings by the end of 2017. Bloomberg Intelligence's Paul Sweeney discusses Disney and Time Warner. Alan Baum, a principal at Baum and Associates, a Michigan-based research firm, says the price of some cars could rise by $17,000 because of a border tax. Finally, Ruth David, an IPO and deals reporter for Bloomberg, discusses Saudi Aramco hiring Moelis to advis...
Feb 08, 2017•26 min
John Kilduff, a founding partner of Again Capital, says oil prices could fall to as low as $42. Tony Dwyer, Canaccord Genuity's chief market strategist, discusses markets and investing and why he's calling for stocks to fall in the "near term." Jordan Robertson, a Bloomberg technology reporter, says cybersecurity fears are creating a desire for alternative network equipment. Finally, Bloomberg's David Welch discusses GM's earnings and outlook. See omnystudio.com/listener for privacy information....
Feb 07, 2017•27 min
Paul Sweeney, director of North American research and a media analyst for Bloomberg Intelligence, discusses media earnings and says 21st Century Fox has the best exposure to the global growth of pay TV. Scott Rothbort, president of Lakeview Asset Management, tells Pimm Fox and Lisa Abramowicz why he is short Chipotle. John Wobensmith, president of Genco Shipping, discusses dry bulk commodities in China and the supply-demand outlook for 2017. Finally, Charles Peabody, the managing director at Com...
Feb 06, 2017•28 min
Jim Millstein, CEO of Millstein & Co, says Donald Trump's agenda would be a radical refashioning of America's place in the world's economy. Ross Levinsohn, the executive chairman of Mundo Media and formerly Yahoo's interim CEO, says the most important thing media companies need to figure out is a distribution strategy. Peter Dugas, former deputy assistant secretary of the U.S. Treasury, discusses the tech and business implications of a Dodd-Frank repeal. Finally, Alison Williams, the senior ...
Feb 03, 2017•27 min
Marc Stefanski, CEO of Third Federal Savings & Loan, says small and mid-size banks are being choked by the regulatory environment. Bloomberg's Marty Schenker discusses whether Donald Trump will damage long-standing alliances. BNP Paribas' Paul Mortimer-Lee speaks with Pimm Fox and Lisa Abramowicz about rates and the global economy. Finally, Matt Levine, a columnist for Bloomberg View, discusses his column, "Stability Is Good For Business. Trump's Whims Threaten It." See omnystudio.com/listen...
Feb 02, 2017•29 min
Neil Dwane, a global strategist for Allianz Global Investors, discusses investment strategies for Donald Trump's policies and says infrastructure doesn't change the growth rate of the underlying economy. Bloomberg's John Lippert tells Pimm Fox and Lisa Abramowicz that Ford will have an edge over other automakers in the face of Trump's proposed border tax. Brown Brothers Harriman's Scott Clemons discusses Trump, tariffs and trade economics. Finally, Kimberly Robinson, a Supreme Court reporter for...
Feb 01, 2017•26 min
Libby Toudouze, a partner and money manager at Cushing Asset Management, says Williams Partners is in the sweet spot of the energy "renaissance." Michael Scanlon, a money manager at Manulife Asset Management, previews Apple earnings. Max Nisen, a Bloomberg Gadfly columnist covering health care, discusses Eli Lilly and Pfizer earnings, Teva's plunge after patents were invalidated and Donald Trump's meeting with the pharmaceutical industry representatives today. Finally, Patrick Donahue, a German ...
Jan 31, 2017•27 min
Former Assistant Secretary of State Lincoln Bloomfield, chairman emeritus of the Stimson Center, says Donald Trump's decision to elevate chief strategist Steve Bannon to the National Security Council and demote the director of National Intelligence and the chairman of the Joint Chiefs of Staff raises questions. Gerardo Rodriguez, a managing director and money manager at BlackRock Financial Management, discusses the outlook for Mexico and the peso in the face of NAFTA restructuring and a proposed...
Jan 30, 2017•28 min
Bill Sandbrook, CEO of U.S. Concrete Inc., gives an outlook on infrastructure and says a border wall will need a significant amount of concrete. Leonid Bershidsky, a Bloomberg View columnist in Berlin, discusses his column, "Trump Is a Master of Diversion." Bloomberg's Eric Martin talks about deteriorating U.S.-Mexico relations amid a trade and border wall clash. Nancy Havens-Hasty, president and CIO of Havens Advisors, gives an M&A outlook for 2017. See omnystudio.com/listener for privacy i...
Jan 27, 2017•27 min
Bloomberg Intelligence's Tom Orlik discusses how Asia economies will shape up under a U.S.-less TPP and says losing U.S. trade will hurt China. Bob Shanks, CFO of Ford Motor Company, discusses fourth quarter earnings. Peter Andersen, CIO of Fiduciary Trust, talks about his investment strategy in times of uncertainty. Finally, Max Abelson, a finance reporter for Bloomberg, discusses his Businessweek article, "Billionaire Ross Spearheads Trump’s Plan for Rule by the Rich." See omnystudio.com/liste...
Jan 26, 2017•28 min
Bloomberg's Joe Nocera tells Pimm Fox and Lisa Abramowicz why Tom Price's stock trades flunk the smell test. Jamie Butters, a U.S. auto reporter for Bloomberg, discusses why Donald Trump has picked a bad time to push for new U.S. auto factories. Bloomberg Gadfly's Tim Culpan discusses Foxconn Technology's plans for a U.S. plant that might create 30 thousand to 50 thousand jobs. Finally, Ron Williams, the chairman and CEO of RW2 Enterprises, discusses how the millennial generation will steer an $...
Jan 25, 2017•28 min
Bloomberg's Josh Wingrove discusses Canada signaling a possible U.S. trade deal that excludes Mexico. Michael Halen, a consumer analyst at Bloomberg Intelligence, speaks with Pimm Fox and Lisa Abramowicz about McDonald's earnings and seismic shifts in restaurant demographics. Lawrence Golub, CEO of Golub Capital, discusses the outlook for markets. Finally, Jennifer Jacobs, Bloomberg's senior political correspondent, discusses today's political news: President Trump's plan to end trade deals, mee...
Jan 23, 2017•27 min
Justin Sink, a U.S. government reporter for Bloomberg, tells Pimm Fox and Lisa Abramowicz about Donald Trump's immediate challenges after taking office. Doug Borthwick, the managing director and head of FX at Chapdelaine & Co, discusses Trump signaling that he will abandon the "strong dollar" policy in the U.S. Finally, Matt Freund, the co-CIO and head of fixed income strategies at Calamos Investments, discusses the bond market, rising rate climate and strategies for fixed income investors. ...
Jan 20, 2017•20 min
