Bob Michele, JPMorgan Asset Management CIO & Global Head of Fixed Income, Currency & Commodities says the Fed may have to tip the economy into recession before cutting rates. Bill Dudley, Former New York Fed President & Bloomberg Opinion Columnist criticizes the Fed's proposal to increase capital requirements for the biggest banks. Greg Boutle, BNP Paribas, US Head Of Equity And Derivative Strategy explains why he ditched his call for an 11% drop in the S&P this year. Francisco B...
Sep 12, 2023•44 min
Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world. Listen and Subscribe on: Apple: apple.co/3Eyz9EX Spotify: spoti.fi/45IG5LR Anywhere: bit.ly/460OMka See omnystudio.com/listener for privacy information....
Sep 12, 2023•30 sec
Marvin Loh, State Street Senior Global Macro Strategist, says the risk of a recession in the US is still out there. Subadra Rajappa, Societe Generale Head of US Rates Strategy, says the data this week will guide the dots. Kristina Hooper, Invesco Chief Global Market Strategist, says the ongoing UAW disputes are a "rearview mirror" issue for the US economy. Paolo Gentiloni, European Commission Economy Commissioner, says Europe is near the peak of interest rates. Mandeep Singh, Bloomberg Intellige...
Sep 11, 2023•30 min
Torsten Slok, Apollo Global Management Chief Economist, says the Fed is stepping harder on the brakes. Earl Davis, BMO Asset Management Head of Fixed Income & Money Markets, doesn't expect any Fed hikes next year. Pierre Ferragu, New Street Research Head of Global Technology Infrastructure, says China has to be very careful with what they do with Apple because China depends on Apple for many things. Steven Major, HSBC Global Head Of Fixed Income Research, says yields will probably go sideway...
Sep 08, 2023•35 min
Anastasia Amoroso, iCapital Chief Investment Strategist, suggests buying the AI dip. Stephanie Roth, J.P. Morgan Private Bank Senior Markets Economist, says it's been a pretty impressive cooling of the labor market over the course of this year. Michael Nathanson, SVB MoffettNathanson Senior Research Analyst, discusses the Disney, Charter Communications standoff. Kona Haque, ED&F Man Head of Research, says oil at $90 a barrel is "significant" as it pushes the whole commodity index higher. Dan...
Sep 07, 2023•37 min
Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the US is staring down the barrel of a sluggish economy. Nela Richardson, ADP Chief Economist, says the Fed's job is more complicated now. Kevin Book, Clearview Energy Partners Co-Founder, says there is still room to run for oil. Alan Ruskin, Deutsche Bank Chief International Strategist, says a Fed cut could cause a weaker dollar and potentially ease some China pressures. David Lebovitz, JPMorgan Asset Management Global Market ...
Sep 06, 2023•32 min
Neil Dutta, US Economic Research Head, Renaissance Macro Research says the Fed shouldn't signal rate cuts in 2024. Katy Kaminski, AlphaSimplex Chief Research Strategist sees higher yields for a little longer. Wendy Schiller, Taubman Center for American Politics & Policy Director at Brown University discusses the latest Wall Street Journal presidential poll.David Rubenstein, The Carlyle Group, Co-Founder & "Bloomberg Wealth with David Rubenstein" Host talks about his interview with legend...
Sep 05, 2023•30 min
Julie Su, US Acting Labor Secretary gives the Biden Administrations reaction to the August payrolls report. Following the jobs report, Randall Kroszner, Fmr. Fed Governor & University of Chicago Booth School Professor says we're seeing the kind of goldilocks scenario the Fed wants. Jeff Rosenberg, Blackrock Portfolio Manager of The Systematic Multi-Strategy Fund says the main message from the August jobs report is that the labor market is normalizing. Sarah Hunt, Alpine Saxon Woods Chief Mar...
Sep 01, 2023•21 min
Andrew Hollenhorst, Citi Chief US Economist expects the Fed to pause in September. John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist is sticking with his bullish forecast, expecting the S&P to finish the year at 4,900. Cameron Dawson, Newedge Wealth Chief Investment Officer says there is no evidence that a recession is imminent. Bloomberg's Jan-Patrick Barnert discusses UBS's record breaking profit. Max Verstappen, Red Bull Racing F1 Driver looks ahead to the Monza Gra...
Aug 31, 2023•39 min
Ian Lyngen, BMO Capital Markets Head of US Rates Strategy, says the 10-year treasury is a 'screaming buy.' Seth Carpenter, Morgan Stanley Chief Global Economist, still sees the US avoiding recession. Peter Tchir, Academy Securities Head of Macro Strategy, says China is clearly experiencing trouble. Margie Patel, Allspring Global Investments Senior Portfolio Manager, says there's no recession in sight because everything in the US is pretty well balanced. Get the Bloomberg Surveillance newsletter,...
Aug 30, 2023•29 min
University of California at Berkeley economist Barry Eichengreen presented a paper on ballooning government debt at this year’s Jackson Hole Economic Symposium. On this bonus content episode of the Odd Lots podcast, Joe and Tracy speak with Eichengreen about his research, why it's of importance to central bankers, and what history says about the prospects for fiscal consolidation. See omnystudio.com/listener for privacy information.
Aug 29, 2023•39 min
Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says it's hard to embrace the short dollar call. Jay Bryson, Wells Fargo Chief Economist, says the bar for a September rate hike is high. John Lovallo, UBS US Homebuilders & Building Products Equity Research Analyst, says the supply chains for most US homebuilders have gotten better but the biggest headwind is labor. Andrew Slimmon, Morgan Stanley Investment Management Managing Director & Senior Portfolio Mana...
Aug 29, 2023•36 min
In the global financial system, US Treasuries play a special role. So what can be done to improve the way Treasuries are bought and sold? In this episode of Odd Lots, Joe and Tracy speak with Stanford University finance professor Darrell Duffie, who just presented a paper about this very issue to central bankers at the annual Jackson Hole symposium. See omnystudio.com/listener for privacy information.
Aug 28, 2023•48 min
Dana Peterson, The Conference Board Chief Economist, says there's still quite a bit of fragmentation in the economy. Phil Orlando, Federated Hermes Chief Equity Market Strategist, expects one more quarter point hike from the Fed and than a potential pause that may "last a while." Mohamed Younis, Gallup Editor-in-Chief, says nobody in the current GOP lineup is close to giving Trump "any kind of challenge." Anna Ashton, Eurasia Group Director of China Corporate Affairs and US-China, says US Commer...
Aug 28, 2023•25 min
On Friday, Federal Reserve Chair Jerome Powell gave his much-anticipated speech at the Kansas City Fed Monetary Policy Symposium in Jackson Hole, Wyoming. While many were expecting some kind of academic or theoretical discussion, the text was straightforwardly about the current path of monetary policy. So what did we learn? What actually happens at Jackson Hole? And how did this year's event fit in with prior years? On this bonus episode, Odd Lots turn to Bloomberg Surveillance co-host Tom Keene...
Aug 26, 2023•33 min
European Central Bank President Christine Lagarde says the central bank's data-dependency forces it to act meeting by meeting. She spoke with host Tom Keene on the sidelines of the Federal Reserve Bank of Kansas City’s annual economic policy symposium in Jackson Hole, Wyoming. See omnystudio.com/listener for privacy information.
Aug 25, 2023•15 min
Join Tom Keene, Jonathan Ferro and Lisa Abramowicz, live From the 2023 Jackson Hole Symposium with esteemed guests including Mohamed El-Erian of Queens' College Cambridge, Tracy Alloway of Bloomberg Odd Lots, Patrick Harker of the Philadelphia Fed, Kristalina Georgieva of the IMF and Barry Eichengreen of UC Berkeley. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy i...
Aug 25, 2023•45 min
Former St. Louis Fed President Jim Bullard says the biggest question right now is of reacceleration in the US economy. Michael Darda of Roth MKM says the probability of a recession happening in the US are high. Max Kettner, HSBC Chief Multi Asset Strategist says market sentiment has turned bearish over the last two weeks.Diana Amoa of Kirkoswald Asset Management says growth outside the US is lackluster. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www....
Aug 24, 2023•33 min
Steven Ricchiuto, Mizuho Securities US Chief Economist, says there's a lot of idiosyncratic risk out there. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says this is more likely a rally in a bear market. Thierry Wizman, Macquarie Global Interest Rates and Currencies Strategist, says Fed Chair Powell could "pat itself on the back" as the US sees lower inflation and a better economy but "I don't think it's time for him to do that." Greg Valliere, AGF Investments Chief US Policy Str...
Aug 23, 2023•23 min
Kathryn Kaminski, AlphaSimplex Chief Research Strategist, says a 6% 10-year yield is not crazy. Vincent Reinhart, Chief Economist and Macro Strategist Dreyfus and Mellon, says current yield levels are sustainable. Chuck Grom, Gordon Haskett Senior Retail Analyst, says we are seeing signs of a discretionary recession. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder, says fixed income returns are better than a year ago. Get the Bloomberg Surveillance newsletter, delivered every weekday....
Aug 22, 2023•27 min
Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, says this is not an end of a bull market run, this is just a correction. Amanda Lynam, BlackRock Head of Macro Credit Research, says we are in the early stages of the distress cycle. William Lee, Milken Institute Chief Economist, says China may need to install a social safety net for their economy. Wendy Schiller, Taubman Center for American Politics Policy Director at Brown University, says Gov. Ron DeSantis has the most t...
Aug 21, 2023•25 min
Edward Yardeni, Yardeni Research President, says the Fed can't really afford to see bond yields keep going up. Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, says this is the time to be buying fixed income. Sheila Kahyaoglu, Jefferies Senior Equity Research Analyst, discusses air travel and says domestic fares are seeing declines. Steve Pagliuca, Bain Capital Senior Advisor & Atalanta Co-Chairman, says the recent Saudi investment in football may disrupt the premier l...
Aug 18, 2023•31 min
James Athey, Abrdn Investment Director, says credit spread are too tight. Matthew Luzzetti, Deutsche Bank Chief US Economist, still expects a recession and for equities to come down. Susan Thornton, Yale University Law School Paul Tsai China Center Senior Fellow, says China needs households to start spending. Joe Feldman, Telsey Advisory Group Senior Research Analyst and Assistant Director of Research, discusses Walmart lifting its profit outlook on a boost from US shoppers. See omnystudio.com/l...
Aug 17, 2023•30 min
Stuart Kaiser, Citi Head of US Equity Trading Strategy, says it does feel like equities are topping out a little bit. Greg Peters, PGIM Fixed Income Co-CIO, thinks we're in this stronger growth environment but at the same time we will see above trend default and distress activity. Carl Riccadonna, BNP Paribas Chief US Economist, says he sees headwinds emerging for retail sales. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, discusses Target and TJX earnings. Get the Bloombe...
Aug 16, 2023•30 min
Bob Doll, Crossmark Global Investments Chief Investment Officer, says he's cautious on the markets and economy as cracks are beginning to develop. Jordan Rochester, Nomura G-10 FX Strategist, believes the ECB is done hiking. Lindsey Piegza, Stifel Chief Economist, discusses US retail sales exceeding forecast. Terry Haines, Pangaea Policy Founder, discusses Trump's indictment in Georgia. Drew Reading, Bloomberg Intelligence, discusses Home Depot earnings topping estimates. Get the Bloomberg Surve...
Aug 15, 2023•31 min
Former President Trump has been indicted for a fourth time. Here's everything you need to know about the new charges. For more podcasts like this, and the news you need to start your day, subscribe to the Bloomberg Daybreak Podcast: Apple: http://bit.ly/3DWYoAN Spotify: http://bit.ly/3jGRYiB Anywhere: http://bit.ly/3J1bct9 See omnystudio.com/listener for privacy information....
Aug 15, 2023•9 min
Mike Mayo, Wells Fargo Head of US Large-Cap Bank Research says Goldman Sachs shares would probably go down if David Solomon were fired today. Sebastien Page, T. Rowe Price Chief Investment Officer and Head of Global Multi-Asset says the greatest risk right now is a selloff in stocks. Elsa Lignos, RBC Global head of FX Strategy says the FX market is in a tight range. Henrietta Treyz, Veda Partners Economic Policy Research Director weighs in on the likelihood that President Trump will participate ...
Aug 14, 2023•27 min
Andrew Hollenhorst, Citi Chief US Economist, doesn't think the US is headed to a soft landing. Emily Roland, John Hancock Investment Management Co-Chief Investment Strategist, says the markets are enamored with Europe, China. Joe Feldman, Telsey Advisory Group Senior Research Analyst and Assistant Director of Research, discusses upcoming retail earnings from Walmart and Target. Rep. French Hill, (R) Arkansas, says the House is behind the curve here. Get the Bloomberg Surveillance newsletter, del...
Aug 11, 2023•31 min
Neil Dutta, Renaissance Macro Research Head of US Economic Research, says the Fed hasn't done enough. David Kelly, JPMorgan Asset Management Chief Global Strategist, says inflation could get back down to 2% on its own.Jessica Reif Ehrlich, BofA Securities Senior Media & Entertainment Analyst, discusses Disney raising prices for its streaming services by as much as 27%. Henrietta Treyz, Veda Partners Economic Policy Research Director, discusses the race for the GOP presidential nomination. Ge...
Aug 10, 2023•25 min
Mark Cabana, BofA Securities Head of US Rates Strategy says the Fed may have to keep rates higher for longer. Kathy Bostjancic, Nationwide Mutual Insurance Chief Economist says the US economy is in a disinflationary trend. Victoria Fernandez, Crossmark Global Investments Chief Market Strategist says it's a stock pickers market. Michael Nathanson, SVB MoffettNathanson Senior Research Analyst says Disney's parks are not for sale as CEO Bob Iger tries to turn the company around. Get the Bloomberg S...
Aug 09, 2023•27 min
