It is September 15, 2008. Employees are pouring out of Lehman Brothers with boxes. The financial services firm has collapsed. In the 10 years since the largest bankruptcy filing in U.S. history, what have we learned? What has changed and what hasn't? This week, we reflect on the financial crisis with experts from Wall Street, central banks, and academia. This Surveillance Special is a compilation of those interviews. Guests include: Former Bank of England Deputy Governor Paul Tucker, BlackRock's...
Sep 14, 2018•56 min
Brad Hintz, Former Lehman CFO & NYU Professor, says that from the 2008 financial crisis, we've learned that repo is not stable. Yousef Gamal el-Din, Bloomberg TV Daybreak Middle East Anchor, brings us an update from Turkey. Adam Posen, Peterson Institute for International Economics President, says the ECB is not grappling with outrageous inflation. Megan Greene, Manulife Asset Management Chief Economist, says for the most part, the Fed is focused on the U.S. and not EM. And Mark Lehman, JMP ...
Sep 14, 2018•33 min
We start off on a segment from our TV show with Ken Rogoff, Harvard Professor & Former IMF Chief Economist, and Mariana Mazzucato, University College London Professor & Author of "The Value of Everything." Following, Jim Roemer, Best Weather Inc. President, predicts Hurricane Florence will impact stocks more than commodities. Next, Steve Auth, Federated Investors Equities CIO, says tech companies are the new monopolies. And William Dudley, Former New York Fed Chairman, tells Bloomberg's ...
Sep 12, 2018•33 min
William Lee, Milken Institute Chief Economist, says firms are substituting capital for labor. Walter Piecyk, BTIG Research Analyst & Managing Director, says electronic companies have high profit margins and they can use these to avoid price increases from tariffs. Margie Patel, Wells Fargo Asset Management, says the Fed is very transparent in what they are doing. And Thomas Kean, 9/11 Commission Chairman & Former New Jersey Governor, reflects on September 11, 2001 See omnystudio.com/list...
Sep 11, 2018•30 min
Chris Grisanti, Grisanti Capital Management CEO, predicts if Democrats take the house at midterms, it will not upset the markets. Jim O'Sullivan, High Frequency Chief U.S. Economist, recaps Friday's jobs numbers. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, has her eye on market growth in Asia. And Nomi Prins, Author of "Collusion: How Central Bankers Rigged the World", says the dollar tends to be the recipient in the Great Unwind...
Sep 10, 2018•29 min
Mike Schumacher, Wells Fargo Head of Interest Strategy, says the potential of job reports to move the markets has decreased dramatically. Alan Krueger, Princeton University Professor & Former Assistant Secretary of the U.S. Treasury, remembers he told President Obama this wouldn't be the strongest recovery but it could be the longest. James Glassman, JP Morgan Chase Commercial Banking Head Economist, and Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U...
Sep 07, 2018•35 min
Lisa Abramowicz fills in for Tom Keene today. We speak with Tim Ash, Bluebay Asset Management Senior EM Sovereign Strategist, who says EM is a big part of the global economy and it cannot be ignored. Chris Marangi, Gabelli Funds Co-CIO, says we are catching up on regulations for the Internet. Kevin Cirilli, Bloomberg News Chief Washington Correspondent, provides an update on the White House's search for the anonymous NYT Op-Ed writer. We also feature a segment from our TV show with Anchor Scarle...
Sep 06, 2018•28 min
Alberto Gallo, Algebris Investments Head of Macro Strategies & Partner, says the Turkish lira has been hurt by outflows from investors. John Taft, Baird Vice Chairman, analyzes risks in the shadow banking system. Michael Nathanson, MoffettNathanson Founding Partner & Senior Research Analyst, suspects Jack Dorsey and Sheryl Sandberg will be more contrite than previous representatives from their companies. And Julia Coronado, Macropolicy Perspectives President & Founder, reviews U.S. e...
Sep 05, 2018•27 min
Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy, thinks volatility in EM currencies is mostly due to domestic policy mistakes. Lakshman Achuthan, Economic Cycle Research Co-Founder & COO, says emerging markets are sensitive to the deceleration of global industrial growth. George Saravelos, Deutsche Bank Global Co-Head of FX Research, talks dollar strength. Kimberly Robinson, Bloomberg Law Supreme Court Reporter, does not expect any surprises from the U.S. Supreme Cour...
Sep 04, 2018•28 min
Steve Hanke, Johns Hopkins University Professor of Applied Economics, says Argentina has been "a complete disaster" since President Macri called the IMF. President Trump says EU offer for no auto tariffs is "not good enough", in an exclusive interview with Bloomberg's Editor-in-Chief John Micklethwait. Margaret Brennan, CBS Face the Nation Host, says her show on Sunday will largely be focused on the services for Sen. McCain in Washington. And Julian Kheel, ThePointsGuy Senior Analyst, provides a...
Aug 31, 2018•33 min
Harm Bandholz, Unicredit Bank Chief U.S. Economist, thinks Stanley Fischer will be hard to replace but Richard Clarida is a great pick for Fed Vice Chair. Troy Gayeski, Skybridge Partner & Portfolio Manager, says the U.S. consumer is in very good shape right now. Dennis Gartman, The Gartman Letter Editor & Publisher, says he'd rather own wheat than any other soft commodity. And Miriam Sapiro, Sard Verbinnen's SVC Public Affairs Managing Director & Vice Chairman, says trade negotiatio...
Aug 30, 2018•34 min
Catherine Mann, Citi Global Chief Economist, says stocks are a little overdone. Stan Collender, Georgetown University Adjunct Professor of Public Policy & The Budget Guy Blog Founder, thinks a government shutdown in October is 60% likely. Andy Hunt, Wells Fargo AM Co-Head of Global Fixed Income & Head of LDI and Global Credit, shares his thoughts on the fixed income space. Austan Goolsbee, University of Chicago Booth School of Business Robert P. Gwinn Professor of Economics, says any day...
Aug 30, 2018•34 min
Lara Rhame, FS Investments Chief U.S. Economist, says the new U.S.-Mexico trade agreement is a re-branding of NAFTA. Mary Lovely, Peterson Institute for International Economics Senior Fellow, says the current administration is creating 'Fortress America' with tariffs. David Herro, Harris Associates CIO of International Equities, says underlying business conditions have been more than acceptable. And Greg Giroux, Bloomberg Government Elections Reporter, previews the midterm election primaries in ...
Aug 28, 2018•26 min
Admiral James Stavridis, Former NATO Supreme Allied Commander, says Senator John McCain was an intuitive, life-long learner. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says the S&P 500 is carrying less volatile asset classes thanks to tech companies. Fred Lane, Lane Generational of Raymond James Managing Partner, says there is an increasingly good return on investment in college education. Erin Browne, UBS Managing Director & Head of Asset Allocation, says we are back to...
Aug 27, 2018•42 min
We bring you a Bloomberg Surveillance Special from the Grand Tetons in Jackson Hole, Wyoming. Michael McKee, Bloomberg News International Economics & Policy Correspondent, interviews three Fed Presidents at the annual Economic Symposium. James Bullard, St. Louis Fed President, says the Fed is very close to neutral rates. On the contrary, Loretta Mester, Cleveland Fed President, says gradual interest-rate increases should continue. Robert Kaplan, Dallas Fed President, agrees with Mester, he e...
Aug 24, 2018•44 min
Michael McKee and Kathleen Hays, Bloomberg News Correspondents, are in Jackson Hole for the 2018 Economic Symposium. Hays speaks with Kansas City Fed President Esther George and McKee previews his upcoming interviews. Amo Mbatha, Bloomberg News Reporter, discusses South Africa's reaction to President Trump's tweet. Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, says the modern economy tends to downgrade the importance of land in income distribution. Francisco Blanch, Bank of America M...
Aug 23, 2018•26 min
Kevin Cirilli, Bloomberg News Chief Washington Correspondent, and Kim Wallace, Eurasia Group Managing Director of the United States, join us to recap headlines from Paul Manafort and Michael Cohen's cases. Robert Ray, Former Whitewater Independent Counsel known for his work on the Monica Lewinsky Case, offers perspective on the path forward for Mr. Manafort and Mr. Cohen. Robert Doll, Nuveen Asset Management Portfolio Manager, has his eye on earnings. Diane Swonk, Grant Thornton Chief Economist,...
Aug 23, 2018•40 min
John Ryding, RDQ Economics Chief Economist & Founding Partner, says Jerome Powell is a consensus builder. John Coffee Jr., Columbia Law School Adolf A. Berle Professor of Law & Director of the Center on Corporate Governance, says a tweet cannot explain the complexities of Tesla's decisions. Gideon Rose, Foreign Affairs Magazine Editor & Peter G. Peterson Chair, discusses the latest issue. And Amanda Sloat, Brookings Institution Robert Bosch Senior Fellow, says it would be disastrous ...
Aug 21, 2018•36 min
Thanos Vamvakidis, Bank of America Merrill Lynch International Head of G10 FX Strategy, thinks the dollar is overvalued by about 10%. Tim Quinlan, Wells Fargo Securities Senior Economist, says conversations at Jackson Hole may be more about the balance sheet than the Fed funds rate. Ken Simonson, NABE Survey Analyst & Associated General Contractors Chief Economist, reviews the NABE survey and notes that 91% of the respondents said tariffs are harmful to the economy. And Meenal Patel, JPMorga...
Aug 20, 2018•22 min
Tony Crescenzi, PIMCO Market Strategist, says the U.S. economy is late cycle. Romaine Bostick, Bloomberg News Editor, discusses scaling back the frequency of quarterly reporting per President Trump's tweet. Jay Bryson, Wells Fargo Global Economist, thinks Turkey's crisis is more idiosyncratic than systemic. Ed Yardeni, Yardeni Research President, says earnings are coming in stronger than he expected. Dana Telsey, Telsey Advisory Group Chief Research Officer, says JC Penney's search for a CEO is ...
Aug 17, 2018•31 min
Dominic Konstam, DB Securities Managing Director & Global Head of Rates Research, says the U.S. is immune to emerging markets to a point. Greg Parsons, Semper Capital Chief Executive Officer, says Special Counsel Robert Mueller is focused on getting to the truth. Jurrien Timmer, Fidelity Investments Director of Global Macro, says we're approaching late cycle but we're not there. And Elsa Lignos, RBC Capital Markets Global Head of FX Strategy, says Euro-Sterling looks fairly interesting. ----...
Aug 16, 2018•28 min
James Sweeney, Credit Suisse Chief Economist, expects positive PMI surprises from the Eurozone. Steven Cook, Council on Foreign Relations Senior Fellow, says compared to previous administrations, the current White House has changed the tone towards Turkey. And Sarah Halzack, Bloomberg Opinion Columnist, says Macy's investors may be realizing that they got a bit ahead of themselves. See omnystudio.com/listener for privacy information.
Aug 15, 2018•30 min
Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the currency crisis in Turkey is not over. Gordon Johnson, Vertical Group Analyst, is concerned about Tesla's balance sheet. Sharmila Whelan, Asianomics Group Deputy Chief Economist, says the China-Japan relationship is changing at the margin. And Joe Feldman, Telsey Advisory Group Senior Research Analyst, says Home Depot has done a very good job online. See omnystudio.com/listener for privacy information....
Aug 14, 2018•27 min
Mij Rahman, Eurasia Group Europe Practice Head, says he expects Turkey's central bank to hike. Georgette Boele, ABN Amro Bank Currency and Commodity Strategist, provides an EM currency update. Stephen Gandel, Bloomberg Opinion Columnist, is unsure about whether or not the SEC will prosecute Elon Musk. And Matt Winkler, Bloomberg Editor-in-Chief Emeritus, reminds us of the legacy of Nikola Tesla. See omnystudio.com/listener for privacy information....
Aug 13, 2018•27 min
Marc Chandler, Brown Brothers Harriman Head of Currency, lays out different options Turkey has to save the lira. Teresa Goody, Former SEC Attorney and The Goody Group Founder & CEO, suggests Elon Musk goes forward with transparency. Megan Greene, Manulife Asset Management Managing Director & Chief Economist, says Turkey's new Finance Minister is a key candidate for change. Phoenix Kalen, Societe Generale Emerging Markets Strategy Director, says that on a day like this, all forecasts are ...
Aug 10, 2018•33 min
Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says at the moment, risk is localized to Turkey. Tuna Amobi, CFRA Media and Entertainment Analyst, sees some hesitation in M&A due to regulatory uncertainties. George Friedman, Geopolitical Futures Founder & Chairman, says Americans are vastly overestimating China's capability. And Frances Donald, Manulife Asset Management Head of Macro Strategy, says the U.S. economy is running above potential. See omnystudio.com/listener for pr...
Aug 09, 2018•31 min
David Kotok, Cumberland Advisors CIO & Co-Founder, says trade is now war, not even threatened rhetoric. Pablo Goldberg, BlackRock Head of Emerging Markets Debt, says Turkey has a problem with corporate debt, not with sovereign debt. Carl Weinberg, High Frequency Chief Economist & Founder, says global economic growth has pivoted towards Asia. Jeanna Smialek, Bloomberg News Economy Reporter, discusses diversity and representation, or lack thereof, among economists. David Rubenstein, Carlyl...
Aug 08, 2018•37 min
Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says dynamics in Turkey are unlike other emerging markets. Steven Major, HSBC Global Head of Fixed Income Research, says the Fed is exporting tightening to the rest of the world. Tom Singlehurst, Citi Media Analyst, foresees more vertical integration in the music business. And Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, questions what Zillow insiders did and did not know as they sold a few weeks back. ...
Aug 07, 2018•33 min
Geoffrey Yu, UBS Wealth Management Head of U.K. Investment Office, thinks external pressure will be an opportunity for reform in China. Daniel Tannebaum, PWC Principal and Global Sanctions Leader, says from an enforcement standpoint, Iran sanctions remain unclear. Ann Miletti, Wells Fargo Asset Management Lead Portfolio Manager, thinks market strength will continue but not without volatility. Kenneth Shea, Bloomberg Intelligence Senior Food & Beverage Analyst, and Jordyn Holman, Bloomberg Ne...
Aug 06, 2018•32 min
James Glassman, JPMorgan Chase Commercial Banking Head Economist, says today's jobs numbers are a reminder of how much hidden unemployment there was during the recession. Mike Darda, MKM Holdings Chief Economist & Chief Market Strategist, says U.S. payrolls are in line with expectations. Larry Kudlow, U.S. National Economic Council Director, says it looks to him like China is declining in growth. Margaret Brennan, CBS "Face the Nation" Host, discusses Thursday's White House briefing on inter...
Aug 03, 2018•34 min
