Leon Cooperman, Omega Family Office Chairman and CEO, says the Fed has created a speculative bubble. Ian Bremmer, Eurasia Group President, examines foreign policy differences between President Donald Trump and Democratic Presidential Nominee Joe Biden. Amrita Sen, Energy Aspects Chief Oil Analyst, says the storms heading toward the Gulf Coast are not going to move the needle when it comes to the sheer volume of oil inventory we need to run down. Ann Miletti, Wells Fargo Asset Management Head of ...
Aug 24, 2020•35 min
Nouriel Roubini, NYU Stern School of Business Professor, warns the global economy faces a risk of a slow recovery or even another slump along the way unless a coronavirus vaccine is found. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, the market is shrugging its shoulders about the next quarter of earnings. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says there is a significant divergence in terms of both behavioral and attitudinal measures of investor sentiment. G...
Aug 21, 2020•38 min
Anthony Malkin, Empire State Realty Trust President and CEO, urges leaders to get out of the Hamptons and back to the office. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says the fact that economic data has plateaued shows that the market is unsure of what direction to go in as a result of the Covid-19 pandemic. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says inflation will gradually get better but it is going to time. Howard Dean, former Democratic National...
Aug 20, 2020•30 min
David Malpass, World Bank President, says China needs to participate in debt relief plan for poor countries. Jill Carey Hall, BofA Securities U.S. Equity Strategist & Head of U.S. SMID Cap Strategy, says there is divergence within the market in terms of valuations and performance spreads. Jim Bianco, Bianco Research Founder and Bloomberg Opinion Columnist, says there are signals on the horizon that inflation is coming in the U.S. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and...
Aug 19, 2020•31 min
Steve Chiavarone, Federated Hermes Portfolio Manager, says the stay-at-home recession in most parts of the world has ended. Robert Tipp, PGIM Fixed Income Chief Investment Strategist, says it will take a very long time to get incomes elevated although consumption is at a record level. Bob Doll, Nuveen Chief Equity Strategist & Senior Portfolio Manager, says the U.S. no longer has the interest rate advantage. Garlin Gilchrist, Lieutenant Governor of Michigan and Democratic National Committee ...
Aug 19, 2020•32 min
John Bolton, Former U.S. National Security Adviser to President Trump, says that the U.S. needs to make sure that Russia stays of out Belarus. Michael Shaoul, Marketfield Asset Management CEO & Portfolio Manager, expects the physical global economy to do much better than the global services economy. Leslie Vinjamuri, Chatham House Director of the U.S. and Americas Programme, says the goal of the Democratic National Convention is to get voters excited about the Biden/Harris ticket, not just t...
Aug 17, 2020•29 min
David Bailin, Citi Private Bank Chief Investment Officer, says corporate earnings and global liquidity will provide a tailwind for stocks going forward. Michael Gapen, Barclays Chief U.S. Economist, says several more months of fiscal benefits would be helpful to the economy before it can be self-sustaining. David Riley, BlueBay Asset Management Chief Investment Strategist, says it will be difficult for Europe to sustain a strong recovery because it is still dependent on global growth and trade. ...
Aug 14, 2020•31 min
Tony Dwyer, Cannacord Genuity Chief Market Strategist, says a negative feedback loop will become great enough that lawmakers in Washington will reach a stimulus deal. Lisa Hornby, Schroder Investment U.S. Fixed Income Portfolio Manager, says there is a tremendous dislocation between where markets are trading today and what the underlying economy tells us. Leland Miller, China Beige Book CEO, says the chances of seeing a broad-based solution regarding President Trump's ban of WeChat is quite low....
Aug 13, 2020•41 min
Jared Woodard, BofA Securities Research Investment Committee Head, expects continued volatility in markets until there is compromise on stimulus measures in Washington. Harry Tchilinguirian, BNP Paribas Head of Commodity-Markets Strategy, believes there will be another gold rally in 2021. James Bevan, CCLA Chief Investment Officer, says equities will grind higher from here. Jeffrey Wright, Eurasia Group U.S. Analyst, says Kamala Harris was the safe pick for Joe Biden’s running mate. Anna Han, We...
Aug 12, 2020•31 min
Tony Crescenzi, PIMCO Generalist Portfolio Manager, says it is best to look toward the U.S. and Asia in terms of investing in equity markets over the next five years. Diane Swonk, Grant Thornton Chief Economist, says the need for another fiscal stimulus package is now a matter of "life and death." Henrietta Treyz, Veda Partners Director of Economic Policy Research, believes the odds of Republicans and Democrats compromising on an economic stimulus package have decreased. Admiral James Stavridis,...
Aug 11, 2020•32 min
Daniel Alpert, Westwood Capital Managing Partner, says the fourth quarter could reveal a financial crisis trickled from a systemic one due to households not being able to pay their rent and mortgages. Mark Zandi, Moody’s Chief Economist, says the unemployment rate will be around fourteen percent rather than ten once individuals who have stepped out of the workforce return. Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, says broad dollar dynamics matter for emerging market curren...
Aug 10, 2020•30 min
Larry Kudlow, National Economic Council Director, says virus relief talks are stalemated. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says today's payrolls report gives ammunition for another round of fiscal support. Danny Blanchflower, Dartmouth College Professor of Economics, says although nonfarm payroll numbers are positive, we need to watch underemployment figures. Tiffany Wilding, PIMCO Chief U.S. Economist, says this stronger-than-expected jobs repor...
Aug 07, 2020•41 min
Kit Juckes, Societe Generale Chief Market Strategist, says the dollar cannot weaken further unless emerging market economies are stabilized. Andrew Bailey, Bank of England Governor, says negative rates remain in their toolbox. Neil Dutta, Renaissance Macro Research Head of Economics, says we should expect labor market activity to accelerate in August. Marilyn Watson, BlackRock Head of Fundamental Fixed Income Strategy, says technology and communications are overweight right now because investors...
Aug 06, 2020•28 min
Ian Bremmer, Eurasia Group President, says the United States is much less interested in the Middle East than before because it is now the world's largest energy producer. Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says you can expect to see a sustainable economic recovery in the next six to twelve months. Senator Bill Cassidy, Republican from Louisiana, says Dr. Fauci's positions on lockdown measures are evolving as we understand the scope of the pandemic. Sarah Hindlian, Macqua...
Aug 05, 2020•42 min
Frances Donald, Manulife Investment Management Global Chief Economist, says inflation may be coming more from deglobalization and large fiscal spending rather than monetary policy.Geoffrey Yu, BNY Mellon Senior Strategist, says markets are pricing in yield curve control. John Ryding, Brean Capital Chief Economic Advisor, says we may still have an unemployment rate above 9% by the end of this year. Michael Nathanson, MoffettNathanson Founding Partner and Senior Research Analyst, explains how TikT...
Aug 04, 2020•35 min
Robert Kaplan, Federal Reserve Bank of Dallas President, says the U.S. unemployment rate will likely be above 9% if we don't do a better of managing the virus. Catherine Mann, Citi Global Chief Economist, says there will be a higher rise to inflation than markets are currently expecting. Ethan Harris, BofA Securities Head of Global Economic Research, says the size, speed and targeted nature of the next U.S. fiscal stimulus package are all of paramount importance. Leslie Vinjamuri, Chatham House ...
Aug 03, 2020•39 min
Bloomberg Markets magazine is out with a special issue focused on diversity, where black men and women share their experience on Wall Street. There's no universal experience, but their stories reflect what it's like, and what it means, to be just one of a handful of black faces in finance. Bloomberg Radio and Television Correspondent Sonali Basak contributed to the issue and brings us more in this special report. See omnystudio.com/listener for privacy information....
Aug 03, 2020•7 min
Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says the gap between the technology companies dominating the market and everything else will continue to widen. Troy Gayeski, Skybridge Capital Co-CIO, says asset reflation is here. Seema Shah, Principal Global Investors Chief Strategist, says a second virus wave is the main reason to buy bonds. Dan Ives, Wedbush Securities Managing Director of Equity Research, says Apple will reach a two trillion dollar market cap by the end of the yea...
Jul 31, 2020•30 min
Raghuram Rajan, University of Chicago Booth School Professor and Former Reserve Bank of India Governor, says the Fed will be as supportive as possible but will resist negative interest rates. Michelle Meyer, BofA Securities Head of U.S. Economics, says the leisure and hospitality sector has been one of the hardest hit industries as a result of the pandemic. David Kelly, JPMorgan Asset Management Chief Global Strategist, says the U.S. unemployment rate will be greater than 10% heading into 2021. ...
Jul 30, 2020•23 min
Jim McKelvey, Square Co-Founder, Author of "The Innovation Stack," and St. Louis Federal Reserve Deputy Chair, discusses how much regulation Congress should wield over large tech companies. Jill Carey Hall, BofA Securities U.S. Equity Strategist, says she is cautious on the upside of U.S. markets because there could be payback risk from stimulus measures. Priya Misra, TD Securities Global Head of Rates Strategy, says the recent dollar weakness has been a result of the market listening to the Fed...
Jul 29, 2020•35 min
Charles Plosser, Former Philadelphia Fed President, says the Fed needs to declare its independence and regain control of monetary policy. Tobias Levkovich, Citi Chief U.S. Equity Strategist, says investors are chasing momentum. Chris Krueger, Cowen Washington Research Group Managing Director, says the crux of the phase four fiscal stimulus bill is the split between lawmakers over unemployment benefits. Kathy Hochul, New York Lieutenant Governor, stresses the urgent need for greater federal stimu...
Jul 28, 2020•38 min
Pat Foye, MTA Chairman and CEO, says not funding the MTA will stunt and thwart economic recovery and job creation all over New York. James Sweeney, Credit Suisse Chief Economist, says the incremental slowdown in the U.S. was caused by a surge in virus cases, but forecasts a strong double digit increase in third-quarter GDP. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says it is wise to be cautiously bullish in this current market. Doug Kass, Seabreeze Partners President, di...
Jul 27, 2020•37 min
Richard Haass, Council on Foreign Relations President, says there is a possibility of broad sanctions between the U.S. and China amid rising tensions. Valdis Dombrovskis, European Commission Executive Vice President, says the EU is willing to cooperate with the U.S. in a multi-lateral strategy to deal with China. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says the rebound in the third quarter is going to look very V-shaped. Betsey Stevenson, Bloomberg View Columnist and For...
Jul 24, 2020•41 min
William Dudley, Bloomberg Opinion Columnist and Former New York Federal Reserve President, says if there is no extension of unemployment benefits there will be consequences in consumer spending. Ralph Schlosstein, Evercore Co-Chairman and Co-CEO, says the most important thing for every company to look at is liquidity. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, expects the U.S. to continue escalation with China after the closure of the Chinese consulate in Houston...
Jul 23, 2020•31 min
Adena Friedman, Nasdaq President & CEO, says the SEC has done an excellent job at managing the responsibility of disclosure obligations. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says gold has been the biggest beneficiary from the reflation story. Michael Zezas, Morgan Stanley Head of U.S. Public Policy Research & Municipal Credit Strategy, expects an agreement in Washington over the next wave of U.S. stimulus within three weeks. Sir Howard ...
Jul 23, 2020•25 min
Carlos Gimenez, Miami-Dade County Mayor, says a new stimulus package will prevent the closure of many businesses and restaurants. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says a number of coronavirus vaccines are indicating positive results, but there are still several more steps before one will be widely available to the public. Chris Van Hollen, Democratic Senator from Maryland, says the nominee for the Federal Reserve should not be a political rubber...
Jul 21, 2020•32 min
David Malpass, World Bank President, says developing countries are under immense debt pressure in the midst of a global pandemic. Jason Furman, Harvard Kennedy School Professor of the Practice of Economic Policy, says the current recession is unlike the last financial crisis because there has been a V-shape recovery in consumer spending. Carsten Nickel, Teneo Intelligence Managing Director for Europe, says EU leaders joining together to create a recovery fund is politically transformative. Dan I...
Jul 20, 2020•29 min
Abigail Wozniak, Federal Reserve Bank of Minneapolis Opportunity & Inclusive Growth Institute Director & Senior Research Economist, says it is imperative for small and medium-sized businesses to receive continual support. Brian Levitt, Invesco Global Market Strategist, says a protracted U-shaped recovery could be sufficient for the equity market. Wolfgang Munchau, Eurointelligence Director, says it would be reckless to think that the proposed EU virus stimulus is the beginning of the end...
Jul 17, 2020•29 min
Geoffrey Okamoto, IMF First Deputy Managing Director, says certain sectors are not going to be as economically viable if their business models can't adapt to the structural changes caused by the coronavirus pandemic. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says a NASDAQ retraction of 10 percent could be a healthy development in the long-term. Alberto Gallo, Algebris Investments Head of Macro Strategies, expects central banks to remain stuck in quantitative easing for a ve...
Jul 16, 2020•28 min
Patrick Harker, Philadelphia Fed President, says the economy can't get back to full throttle until we get the virus under control. Paschal Donohoe, Ireland Finance Minister, says big digital companies like Apple need to be taxed fairly and effectively. Dan Tannebaum, Oliver Wyman Partner, says investors evacuating the Hong Kong market at this point would be acting prematurely. Jared Woodard, Bank of America Securities Head of Research Investments Committee, says investors should start taking a p...
Jul 15, 2020•29 min
