George Rusnak, Wells Fargo Co-Head of Global Fixed Income Strategy, says the fiscal and monetary stimulus injected into the U.S. economy is necessary but will cause challenges over time. David Bianco, DWS Investment Management Chief Investment Strategist of Americas & Head of U.S. Equities, says the American financial system is sound, despite a few challenges. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says everybody focuses on the yield curve when they should be look...
Jul 14, 2020•29 min
Binky Chadha, Deutsche Bank Chief Global Strategist & Head of Asset Allocation, says need rates to start going up in order for cyclicals to perform. Mike Pyle, BlackRock Global Chief Investment Strategist, says he has confidence in European policy ahead of the EU Summit's proposed recovery fund. Lewis Alexander, Nomura Securities Chief U.S. Economist, says China's economy can't expand unless the rest of the world recovers and export demand picks up. Marta Wosinska, Duke-Margolis Center for H...
Jul 13, 2020•32 min
Vitor Gaspar, IMF Director of Fiscal Affairs, says global debt is at some of the highest levels in history. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Officer, says U.S. markets are experiencing an expansion in a new bull market. Mohamed El-Erian, Allianz Chief Economic Advisor, says the migration of layoffs from small to large companies is causing an economic shift. Helane Becker, Cowen Senior Research Analyst, says up to 200,000 airline industry employees could lose their...
Jul 10, 2020•32 min
Rob Waldner, Invesco Advisers Chief Strategist of Fixed Income & Head of Multi-Sector, says investors should do their homework before investing in assets that are dependent on economic recovery. Jill Carey Hall, Bank of America U.S. Equity Strategist & Head of U.S. SMID Cap Strategy, says small cap companies were a lot worse positioned before Covid-19 than before previous recessions. Michael Gapen, Barclays Chief U.S. Economist, says the service sector has only recovered about one-third ...
Jul 09, 2020•30 min
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 nee...
Jul 08, 2020•27 min
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. See omnystudio.com/listener for privacy information.
Jul 07, 2020•1 hr 11 min
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 o...
Jul 07, 2020•29 min
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 stimulu...
Jul 06, 2020•32 min
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-d...
Jul 02, 2020•30 min
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...
Jul 01, 2020•36 min
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,...
Jun 30, 2020•34 min
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 Wildi...
Jun 29, 2020•32 min
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 pa...
Jun 26, 2020•34 min
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 ...
Jun 26, 2020•4 min
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 investmen...
Jun 25, 2020•29 min
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 ...
Jun 24, 2020•36 min
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, de...
Jun 23, 2020•40 min
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, Raboba...
Jun 22, 2020•31 min
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 causa...
Jun 19, 2020•28 min
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 Pre...
Jun 18, 2020•26 min
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...
Jun 17, 2020•44 min
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 ...
Jun 16, 2020•35 min
+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 o...
Jun 15, 2020•28 min
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 st...
Jun 12, 2020•29 min
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 ...
Jun 11, 2020•23 min
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, s...
Jun 10, 2020•30 min
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 expectati...
Jun 09, 2020•32 min
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 thro...
Jun 08, 2020•26 min
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 fo...
Jun 05, 2020•32 min
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, Bloomber...
Jun 04, 2020•22 min
