Bloomberg's Margaret Talev speaks about the Oval Office interview she and colleague Jennifer Jacobs conducted with President Trump, in which he reiterated expectations for 3 percent GDP growth and said he's considering breaking up big banks. Prior to that, Howard Ward, CIO of growth equities for Gabelli Funds, says Apple is defying skeptics with its pricing power. Citadel CEO Ken Griffin says money's coming out of active management and is heading toward passive structures. Dartmouth professor Do...
May 02, 2017•42 min
William Rhodes, CEO of William Rhodes Global Advisors, says Trump has been inviting to corporate chiefs and that he listens to JPMorgan's Jamie Dimon. Greg Valliere, Horizon Investments' chief global strategist, says Goldman Sachs' dominance in the White House is a good story for investors. Jahangir Aziz, JPMorgan's head of emerging markets research, says China's Central Bank is trying to be more communicative. Tony Crescenzi, PIMCO's executive vice president, says fiscal authority hasn't taken ...
May 01, 2017•54 min
Byron Carlock of PWC joins Tom Keene and David Gura on Bloomberg Surveillance to discuss the precarious future of America’s shopping malls. See omnystudio.com/listener for privacy information.
May 01, 2017•8 min
Richard Haass, president of the Council on Foreign Relations, says Trump is getting a lesson in Civics 101 and is seeing the strength of independent institutions in U.S. democracy during his first 100 days as president. BlackRock's Gerardo Rodriguez says Trump has introduced an element of uncertainty in Mexico that had been fading. Zeke Emanuel, the chair of the Department of Medical Ethics at the University of Pennsylvania, says the American public wants the Affordable Care Act to be fixed, not...
Apr 28, 2017•47 min
William Lee, chief economist at the Milken Institute, says the regulatory environment doesn't inspire the use of capital to create investments that boost productivity. Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute, discusses tax reform. Brian Belski, chief investment strategist at BMO Capital Markets, says earnings have yet to reflect the realities of fiscal reform. Finally, David Rosenberg, chief economist at Gluskin Sheff & Associates, says the Canadian economy is advan...
Apr 27, 2017•47 min
Jim O'Neill, the former U.K. commercial secretary to the Treasury, says E.U. banks have never embraced true cross-services reform and that American banks played a more successful game than their E.U. counterparts. JPMorgan Chase's John Normand says Trump's policies are more diluted than they were on the campaign trail. James Stavridis, dean of the Fletcher School at Tufts University, says he's concerned with the diffusion pattern of the Russian investigations. Jeffrey Currie, Goldman Sachs' glob...
Apr 26, 2017•47 min
David Herro, CIO at Harris Associates, says European financial stocks will do well and BNP Paribas is still a good value. Prior to that, Adair Turner, former chairman of the U.K. Financial Services Authority, says countries want to stay in the Paris Climate Accord. Shahab Jalinoos, the head of FX strategy at Credit Suisse, says an Emmanuel Macron presidency will generate optimism in European reform. Finally, Stan Collender, MSLGroup's executive vice president, says a government shutdown is possi...
Apr 25, 2017•43 min
Richard Attias, chairman of Richard Attias & Associates, says French voters are fed up with the traditional political elite and are writing a new chapter in French politics. Julia Coronado, chief economist at MacroPolicy Perspectives, says tax reform talks are "smoke and mirrors." David Rothkopf, CEO and editor of the FP Group, says there's a global anti-establishment backlash. Finally, George Friedman, chairman of Geopolitical Futures, says it's not out of the question that Marine Le Pen co...
Apr 24, 2017•41 min
Olivier Blanchard, former chief economist at the IMF, says the French election isn't a big short-term risk and the lack of informed economics debate is an issue. Prior to that, Jason Furman, a senior fellow at the Peterson Institute, says economic problems have been increasing since the 1950s. Alice Rivlin, a former vice chair of the Fed, says the U.S. political system's so polarized that the country isn't getting anything done. Jacob Frenkel, chairman of JPMorgan Chase International, says geopo...
Apr 21, 2017•42 min
Robert Kaplan, president of the Dallas Fed, says three Fed rate hikes is still a good baseline and that the central bank's unwinding of its balance sheet should be phased in and gradual. Prior to that, John Lipsky, former first managing director of the IMF, says international collaboration has real substance and holds up the promise of better economic growth. Finally, Gideon Rose, the editor of Foreign Affairs magazine, says the Trump administration is confused on Syria and trade with China. See...
Apr 20, 2017•29 min
BlackRock CEO Larry Fink says the U.S. market is the most expensive relative to others and that the market today is anticipating a more centrist outcome with the French elections. Prior to that, Amherst Pierpont's Bob Sinche says U.K. Prime Minister Theresa May's snap election is an aggressive move in solidifying her leadership. Hiroshi Watanabe, president of the Institute for International Monetary Affairs, says monetary and fiscal policies, along with structural reform, need to take place simu...
Apr 19, 2017•44 min
Dominic Konstam, Deutsche Bank Securities Global Rates Research Head, said a weak sterling reflects the U.K. may struggle to get a good Brexit deal. John Stoltzfus, Oppenheimer & Co. Chief Investment Strategist, said the VIX has been remarkably low as equity markets look for U.S. economic expansion. Anthony Scaramucci, a Trump adviser, said the White House is more stable than it looks. Dennis Gartman, Gartman Letter Publisher, said it's still a bull market for the dollar. Linda McMahon, admi...
Apr 18, 2017•45 min
Steve Case, co-founder of AOL, discusses the outlook for technology and innovation and says U.S. startups need immigrants. Julian Emanuel, an equity and derivatives strategist at UBS, says markets are in a wait-and-see mode. Finally, Mike Mayo, an independent banking analyst, says banks are hardwired for safety, but not for better governance. See omnystudio.com/listener for privacy information.
Apr 17, 2017•39 min
Narayana Kocherlakota, a Bloomberg View columnist and former president of the Federal Reserve Bank of Minneapolis, says it would be hard for Trump to say that Janet Yellen hasn't done her job. Prior to that, Michael Darda, MKM Partners' chief economist, says the Fed's on course for quarter-to-quarter rate hikes. Ken Leon, CFRA Research's director of industry and equities, says JPMorgan didn't exhibit its normal across-the-board strength in earnings. Finally, Emmanuel Kachikwu, Nigeria's oil mini...
Apr 13, 2017•41 min
IMF Managing Director Christine Lagarde says protectionism's a threat and we should assess currency moves on a global basis. Marc Chandler, the head of foreign exchange at Brown Brothers Harriman, says geopolitical tensions will eventually settle down. Finally, James Stavridis, the dean of the Fletcher School at Tufts University, says the mutual history of the U.S. and Russia can be a positive. See omnystudio.com/listener for privacy information....
Apr 12, 2017•37 min
Bob Michele, JPMorgan's chief investment officer, says small and mid-cap companies in the U.S. are fine and that's being reflected in small-business confidence. Prior to that, Nomura Securities' George Goncalves says central banks don't like being in the limelight. Finally, George Friedman, founder of Geopolitical Futures, says North Korea appears to be close to having nuclear weapons. See omnystudio.com/listener for privacy information.
Apr 11, 2017•42 min
Toyota Motor President Wil James and Kentucky Governor Matt Bevin discuss Toyota's $1.33 billion investment in a Kentucky plant. Prior to that, Carl Weinberg, chief economist at High Frequency Economics, says the economy's 2 percent growth rate seems to be more than enough to keep the unemployment rate falling. Finally, the Brookings Institution's Thomas Wright says Trump didn't send a particularly strong message with the Syrian air strikes. See omnystudio.com/listener for privacy information....
Apr 10, 2017•34 min
Gary Cohn, the former Goldman Sachs president who is now director of the National Economic Council, says the U.S. needs a 21st-Century Glass-Steagall Act and that deregulation is one of the easier things the White House can do. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says inflation will pierce the Fed's 2 percent goal later this year. Neel Kashkari, the former Pimco head of global equities who is now president of the Minneapolis Federal Reserve Bank, says we need to ...
Apr 07, 2017•51 min
Gary Locke, a former U.S. ambassador to China, says a border tax would affect China and raise the price of imported goods. Prior to that, Stephen Roach, a professor at Yale University and former chairman of Morgan Stanley Asia, says China isn't manipulating its currency. Jerome Schneider, PIMCO's head of short-term and funding desk, says the Fed is in the process of a "hand off" to fiscal policy. Finally, Diane Swonk, founder of DS Economics, says the labor market is healing. See omnystudio.com/...
Apr 06, 2017•42 min
Gary Shilling, president of A. Gary Shilling and a Bloomberg View columnist, discusses the Japanese Yen and says China's growth is slowing. Prior to that, Gina Martin Adams, Bloomberg Intelligence's chief U.S. equity strategist, says S&P 500 valuation's at a 15-year high, but may not have found its peak. Nancy McLernon, CEO of the Organization for International Investment, says lobbying gets a bad rap but it's educating. Toby Cosgrove, CEO of Cleveland Clinic, says we haven't gotten the righ...
Apr 05, 2017•36 min
Bloomberg View columnist Eli Lake says Susan Rice's actions may not be illegal but improper is another question. Prior to that, Bob Hormats, the former Goldman Sachs executive and State Department official who is now vice-chairman at Kissinger Associates, says Trump doesn't know much about China and will have to listen to President Xi Jinping when they meet later this week. Tim Armstrong says he picked the name Oath for Yahoo and AOL's re-branding to show commitment to businesses and consumers. ...
Apr 04, 2017•49 min
E.J. Dionne, the Washington Post columnist and senior fellow at the Brookings Institution, says Democrats need to craft a compact message for the working-class voters who are hurting the most in today's economy. Prior to that, Sebastien Galy, an analyst at Deutsche Bank Securities, says a weaker British pound is led by a stronger dollar and a dovish Bank of England. Ted Alden, a senior fellow at the Council of Foreign Relations, says the Trump administration wants to get a sense of China's willi...
Apr 03, 2017•35 min
Steve Eisman, a money manager at Neuberger Berman Group, discusses bank regulation and says too little leverage in the banking system is bad. Peter Navarro, the director of the National Trade Council, says the U.S. has significant trade deficits with 16 nations and Commerce Secretary Wilbur Ross will take a comprehensive look at trade balances. New York Fed President William Dudley says a couple more rate hikes this year seems reasonable. Finally, Mohamed El-Erian, a Bloomberg View columnist, sa...
Mar 31, 2017•54 min
Michael Holland, chairman of Holland & Co., says getting some kind of corporate tax reform in the next six months will help the markets. Absolute Strategy Research's Ian Harnett says the Fed will have difficulty raising rates for a third or fourth time this year. Ian Bremmer, president of Eurasia Group, says there is both internal pressure and pressure from the European Union for Prime Minister Theresa May to unify the U.K. after Brexit. Finally, Jonathan Miller, president of Miller Samuel, ...
Mar 30, 2017•47 min
Willem Buiter, Citigroup's chief economist, says faster economic growth requires structural reforms, more capital expenditure and an elimination of trade barriers. Daniel Yergin, IHS' vice chairman, says Germany has kept the EU together. Finally, Vitor Gaspar, the IMF's fiscal affairs director, says the link between politics and economics was a tradition until the 20th century -- something that's been lost recently. See omnystudio.com/listener for privacy information....
Mar 29, 2017•24 min
David Herro, CIO of Harris Associates, says Germany is one of the worst markets for banking because it has a competitive marketplace. Prior to that, Tobias Levkovich, Citigroup's chief U.S. equity strategist, says the reaction to Trump's election in markets have been off-the-cuff and not real investing. Finally, Joachim Fels, PIMCO's global economic advisor, says 3-to-4 percent growth is unrealistic now. See omnystudio.com/listener for privacy information....
Mar 28, 2017•41 min
Anthony Crescenzi, a Pimco money manager, says inaction in Washington has hurt the U.S. economy. Greg Valliere, Horizon Investments' chief global strategist, says tax reform isn't the next issue for the Trump administration. Jim Kochan, Wells Fargo's chief fixed-income strategist, says the high-yield market still offers value as yields will move sideways through 2017. Finally, Michael Cohen, Barclays' head of energy commodities research, says most commodity prices are driven lower by macro devel...
Mar 27, 2017•45 min
Brian Levitt, a senior strategist at OppenheimerFunds, says there's going to be a pause in markets as we deal with the reality of politics. Peter Tague, Citigroup's co-head of global M&A, says it's tougher for private equity to make money now. Finally, UBS Securities' Julian Emanuel says a lot of pockets in the market are at historically high valuations. See omnystudio.com/listener for privacy information.
Mar 24, 2017•42 min
Anne-Marie Slaughter, the president of New America Foundation, says the Russians hacked the presidential election and the U.S. needs to respond, but the national trauma of 9/11 and the Iraq War has made the U.S. more timid and reluctant to use force. Prior to that, Deutsche Bank's Sebastien Galy says the catalyst for a stronger dollar will be better data in the U.S. Then, Tony Dwyer, Canaccord Genuity's chief market strategist, says you should never sell until you're in close proximity to a rece...
Mar 23, 2017•1 hr 10 min
Zeke Emanuel, a senior fellow at the Center for American Progress, says there should be a bipartisan approach to health care. Prior to that, Harm Bandholz, UniCredit's chief U.S. economist, says Trump and European countries are the losers on globalization and technological progress. Don Straszheim, Evercore ISI's head of China research, says China's in Draghi mode. Finally, Yale's Robert Shiller says Trump oversimplifies and implies it's easy to fix problems. See omnystudio.com/listener for priv...
Mar 22, 2017•28 min
