Priya Misra, TD Securities Head of Global Rates Strategy, says we don't know the Fed's pain threshold and the market is going to grapple with that for the rest of the year. Daniel Ives, Wedbush Senior Equity Analyst, discusses Tesla and upcoming big tech earnings. Neil Dutta, Renaissance Macro Research Head of US Economic Research, says a "cliff dive moment" in the second quarter is not happening. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says the regional banks are preparin...
Apr 21, 2023•35 min
Seth Carpenter, Morgan Stanley Global Chief Economist, doesn't expect the Fed to cut to zero "even if we did get a mild recession." Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, sees banking pressures lingering for longer as they undergo an "unwind" process from fiscal and monetary expansion. Christopher Marinac, Janney Montgomery Scott Director of Research, discusses regional bank earnings. Libby Cantrill, PIMCO Head of Public Policy, says some investors see the polit...
Apr 20, 2023•38 min
Matthew Luzzetti, Deutsche Bank Chief US Economist, expects the Fed to be cutting rates more aggressively. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst, discusses Morgan Stanley earnings. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, sees a return to a trading environment of higher inflation volatility. Michael O'Leary, Ryanair CEO, expects double-digit price increases for airfares this year. Get the Bloomberg Surveillance news...
Apr 19, 2023•27 min
Jim Zelter, Apollo Asset Management Co-President, says we're in a "transition period" as markets face a higher cost of capital in debt financing. Dan Greenhaus, Solus Alternative Asset Management Chief Strategist, doesn't think we're close to a recession. Kathy Bostjancic, Nationwide Chief Economist, says consumers are still feeling the weight of high inflation. David Konrad, KBW Large Cap US Bank Equity Research Analyst, discusses US bank earnings. Carl Weinberg, High Frequency Economics Chief ...
Apr 18, 2023•40 min
Steven Major, HSBC Global Head of Fixed Income Research, says it's very difficult to imagine us getting back to 4% on the 10-year. Binky Chadha, Deutsche Bank Chief Global Strategist & Head of Asset Allocation, says the equity market is not pricing in that much in terms of a credit downturn. Jordan Rochester, Nomura G-10 FX Strategist, says there's two big risks to a long EUR-USD view: a rebound in banking data and a rebound in oil prices. David Bailin, Citi Global Wealth CIO & Global He...
Apr 17, 2023•36 min
Mohamed El-Erian, Bloomberg Opinion Columnist and Queens' Cambridge College President, says this was not a banking crisis, rather a "banking tremor." Ken Leon, CFRA Director of Equity Research, calls the banking system "resilient" as the financial sector reports results. Valdis Dombrovskis, European Commission Executive Vice President, says the EU is constructively engaged with the US on the Inflation Reduction Act. Lupin Rahman, Head of EM Sovereign Credit & Portfolio Manager, says the Fed ...
Apr 14, 2023•37 min
David Malpass, World Bank President, says the developing world is under "giant pressure" from debt. Gita Gopinath, IMF First Deputy Managing Director, says the balance of risks facing the world economy remain tilted to the downside. Paolo Gentiloni, EU Commissioner for Economy, says Europe is on track to rebalance China trade. Tobias Adrian, IMF Director of Monetary and Capital Markets, says there's certainly evidence in the data of some contraction in lending. Raghuram Rajan, Chicago Booth Prof...
Apr 13, 2023•41 min
Jay Bryson, Wells Fargo Chief Economist, still sees the Fed hiking by 25 basis points in May following the March CPI print. Jeff Rosenberg, BlackRock Systematic Multi-Strategy Fund Portfolio Manager, says the direction of the banking crisis is "clear" but "the magnitude is not." Adam Posen, Peterson Institute for International Economics President & former BOE Monetary Policy Committee member, discusses the problems with subsidies in global trade. Tim Adams, Institute of International Finance...
Apr 12, 2023•39 min
Veronica Clark, Citi Economist, sees the Fed terminal rate at 5.5 to 5.75%, anticipating another rate hike in May, June and July. Douglas Rediker, International Capital Strategies Managing Partner & Former IMF Executive Board Member, says there's a "group think" at the IMF and World Bank that contributes to the gloom forecasts. Mike Schumacher, Wells Fargo Global Head of Macro Strategy, says "something broke" but the Fed would need another "big debacle" in the markets before easing. John Bol...
Apr 11, 2023•32 min
Subadra Rajappa, Societe Generale Head of US Rates Strategy, says yields seem to have peaked. Peter Tchir, Academy Securities Head of Macro Strategy, says investors are being "a little too complacent" to geopolitical risks. Steven Ricchiuto, Mizuho Securities USA Chief Economist, says there is a substantial amount of firepower left in the consumer. Daniel Ives, Wedbush Senior Equity Analyst, says an EV arms race is playing out. Adam Tooze, Columbia University Professor, says a zero-rate world is...
Apr 10, 2023•42 min
Mohamed El-Erian of Bloomberg Opinion says we are likely to see the Fed go 25 basis points in May. Former Fed Governor Randy Kroszner says the Fed won't quite until the labor market quits. Tiffany Wilding, PIMCO Economist says the growth deceleration will continue. US Commerce Secretary Gina Raimondo says President Biden is obsessed with bringing manufacturing back to America. See omnystudio.com/listener for privacy information.
Apr 07, 2023•24 min
Luigi Zingales, University of Chicago Booth School of Business Professor of Finance says the banking system can't operate with interest rates at 4%. Thierry Wizman, Macquarie Global Interest Rates and Currencies Strategist says it's the "speedy, aggressive and abrupt increase" to 4% rates that is the problem. Julie Norman, UCL Centre on US Politics Co-Director says Europe's more open-handed approach to China could be an advantage for the US. Carl Riccadonna, BNP Paribas Chief US Economist, Marke...
Apr 06, 2023•34 min
Federal Reserve Bank of Cleveland President Loretta Mester says Fed officials will need to raise interest rates "a little bit higher" and then hold them there for some time to bring inflation back toward their goal. Claudia Sahm, Former Federal Reserve Economist & Bloomberg Opinion Columnist, says the Fed's tools could cause a lot of pain. Gargi Chaudhuri, BlackRock Head of iShares Investment Strategy Americas calls this a "generational opportunity" for high quality income from fixed income....
Apr 05, 2023•31 min
Gregory Peters, PGIM Fixed Income Co-CIO, says central banks have to be viewed as inflation fighters in order to get rates lower over time. Neil Dutta, Renaissance Macro Research Head of US Economic Research, says the US economy is not collapsing. Barbara Reinhard, Voya Investment Management Head of Asset Allocation, says the Fed is likely first to pause and cut. Richard Haass, Council on Foreign Relations President & "The Bill of Obligations: The Ten Habits of Good Citizens" Author, discuss...
Apr 04, 2023•35 min
James Bullard, St. Louis Fed President, says OPEC's decision to cut output came as a "surprise," but it's not clear what higher oil prices will mean for US monetary policy. John Ryding, Brean Capital Chief Economic Advisor, says the response to the bank turmoil has been swift and strong. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, still expects 4,100 on the S&P 500 by year-end. Ed Morse, Citi Research Global Head of Commodities, sees a "scenario" for $100 oil but says we'...
Apr 03, 2023•42 min
Susan Collins, Boston Fed President, says history shows the Fed must stay the course on inflation. Michael Zeldin, Former Federal Prosecutor & American University Washington College of Law Adjunct Professor, discusses former President Donald Trump's indictment. Jim Bianco, Bianco Research Founder & President, says the Fed "is not thinking pause right now" unless there is a significant slowdown in credit. Matthew Luzzetti, Deutsche Bank Chief US Economist, says inflation is still too high...
Mar 31, 2023•39 min
Andrew Hollenhorst, Citi Chief US Economist, says we could see a Fed funds rate as high as 5.75%. Peter Tchir, Academy Securities Head of Macro Strategy, says the Nasdaq rally has been overdone. Mayra Rodriguez Valladares, MRV Associates Managing Principal, discusses the US bank hearings. Stephen Pagliuca, Bain Capital Senior Advisor & Boston Celtics Co-Owner, says there's still plenty of opportunities in tech. Doug Kass, Seabreeze Partners President, details his view on the banking crisis a...
Mar 30, 2023•39 min
Tom Michaud, KBW CEO, says the banking crisis is behind us, "barring any other major shocks." Ed Al-Hussainy, Columbia Threadneedle Investments Senior Interest Rates Strategist, says the Fed will prioritize inflation. Geoffrey Yu, BNY Mellon Senior Market Strategist, says central banks will keep rates higher for longer. Wendy Schiller, Taubman Center for American Politics and Policy Director at Brown University, discusses the hearings on the collapse of SVB and Signature Bank. David Rubenstein, ...
Mar 29, 2023•32 min
Brad Rogoff, Barclays Head of FICC Research, says Fed rate cuts can come in 2024, but expects one more hike this summer. Katrina Dudley, Franklin Mutual Series Portfolio Manager, is not in the camp of Fed rate cuts this year. Christopher Marinac, Janney Montgomery Scott Director of Research, says we are "on the road to recovery" from the banking turmoil. Victoria Fernandez, Crossmark Global Chief Market Strategist, doesn't expect rates to continue to fall. Stephen Engle, Bloomberg News, discusse...
Mar 28, 2023•33 min
Mike Wilson, Morgan Stanley Chief US Equity Strategist & CIO, says risk for the equity market is elevated now more than it's been for the last six or twelve months. Lisa Hornby, Schroders Head of US Multi-Sector Fixed Income, doesn't think banks are out of the woods yet. Gerard Cassidy, RBC Capital Markets Head of US Bank Equity Strategy and Large Cap Bank Analyst, says banks are moving in the right direction. Torsten Slok, Apollo Global Management Chief Economist, says this banking crisis i...
Mar 27, 2023•36 min
Dana Peterson, The Conference Board Chief Economist, doesn't anticipate the Fed cutting rates this year, even if there is a mild recession. Patrick Armstrong, Plurimi Wealth Chief Investment Officer, says the US is set to fall into a technical recession. Henrietta Treyz, Veda Partners Director of Economic Research, discusses a potential TikTok ban. Chris Marangi, Gabelli Funds Co-Chief Investment Officer, says the market isn't "sleepwalking" through the recent banking turmoil. See omnystudio.com...
Mar 24, 2023•25 min
Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says the markets may need to price in more cuts from the Fed. Alessio de Longis, Invesco Senior Portfolio Manager and Head of GTAA Solutions, says the Fed is looking at "marginal increases" going forward, whereas the ECB, BOE "have more to go." John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says the Fed's credibility is still on the line. Sen. Mark Warner, (D) Virginia, previews the...
Mar 23, 2023•20 min
Bloomberg Surveillance hosts Jonathan Ferro and Lisa Abramowicz wrap up Fed Chair Jerome Powell’s press conference with insight from top market names. See omnystudio.com/listener for privacy information.
Mar 22, 2023•32 min
Former Vice Chair of the Federal Reserve, Richard Clarida and TD Securities Global Head of Rates Strategy, Priya Misra discuss the latest on the Fed decision with Bloomberg's Jonathan Ferro and Lisa Abramowicz. See omnystudio.com/listener for privacy information.
Mar 22, 2023•18 min
Bob Michele, JPMorgan Asset Management Head of Fixed income, says the Fed achieved the "maximum pressure" they need to bring down inflation. Alicia Levine, BNY Mellon Wealth Management Head of Equities and Capital Markets Advisory, says Powell's credibility is still intact. Jonathan Pingle, UBS Chief Economist, expects the Fed to hike by 25 basis points at Wednesday's meeting. Betsy Duke, Former Wells Fargo Chair & Former Fed Governor, says Powell's credibility is his most important asset. D...
Mar 22, 2023•43 min
Lindsay Rosner, PGIM Fixed Income Portfolio Manager, says she'd like to see the Fed pause. Christian Mueller-Glissmann, Goldman Sachs Managing Director for Portfolio Strategy, says the Fed and ECB are not done yet with their hiking cycles. Dean Maki, Point 72 Chief US Economist, says recent data doesn't show much slowing in the US. Ellen Wald, Atlantic Council Senior Fellow & Author "Saudi Inc.", says she is concerned with oil demand. Dan Greenhaus, Solus Alternative Asset Management Chief S...
Mar 21, 2023•34 min
William Dudley, Bloomberg Opinion Columnist & Former New York Fed President, recommends the Fed pause at Wednesday's meeting. Max Kettner, HSBC Chief Multi-Asset Strategist, says European banks are looking "more and more attractive" despite market turmoil. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says regional banks in the US are still sensitive to this crisis in confidence. Leon Cooperman, Omega Family Office Chairman & CEO, says the banking crisis is "self-induced...
Mar 20, 2023•32 min
UBS agreed to buy Credit Suisse in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets. Bloomberg Surveillance broke the news and got analysis from: Mohamed El-Erian, Bloomberg Opinion columnist Joost Beaumont, head of bank research at ABN Amro Bank Peter Tchir, head of macro strategy at Academy Securities Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management Mark Naur, a strate...
Mar 19, 2023•2 hr 16 min
Thomas Hoenig, Former President of Federal Reserve Bank of Kansas City & Former FDIC Vice Chairman, says policy-making needs some humility in the wake of the banking turmoil of the past week. Anastasia Amoroso, iCapital Chief Investment Strategist, says the Fed has to pause in the wake of SVB. Gerard Cassidy, RBC, Head of US Bank Equity Strategy, expects to see more banking regulation ahead. Alvaro Santos Pereira, OECD Chief Economist, says inflation still remains the biggest problem for the...
Mar 17, 2023•27 min
Richard Clarida, Former Federal Reserve Vice Chairman, PIMCO Global Economic Adviser & Columbia University Professor, sees tighter supervision on banks. Dominic Konstam, Mizuho Americas Head of Macro Strategy, says it's "fairly intuitive that in the long run" Credit Suisse ends up merging with another bank. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, cites the "underlying fundamentals" as the reason why he still likes European banks. Neil Dutta, Renaissance Macro Researc...
Mar 16, 2023•25 min
