Bloomberg Surveillance

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 20th, 2025Featuring:1) Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, offers his reaction to the Fed meeting yesterday and discusses why he thinks it was Jay Powell's finest performance. Powell downplayed growth concerns and the impact of President Trump's trade war on inflation, calling the inflationary effect of tariffs "transitory". Powell's comments, along with median forecasts showing two rate cuts this year.2) Chris Mancini, Portfolio Manager at the Gabelli Gold Fund, discusses gold hitting record highs and where it's positioned to go from here. Gold reached a record high above $3,057 an ounce due to projections of slower US growth and higher inflation this year from the Federal Reserve. The Fed kept interest rates unchanged, with Chair Jay Powell acknowledging uncertainty from President Trump's policy changes and predicting a "transitory" tariff-driven bump in inflation.3) Monica Guerra, Head: US Policy at Morgan Stanley Wealth Management, discusses how investors should understand tariff policies in the Trump administration. Trump's team is preparing to announce a fresh wave of tariffs on April 2, though the exact scope isn't clear. Trump has sent mixed messages on the Fed, at times calling for cuts and otherwise declining to intervene, and has questioned the Fed's independence.4) Daniel Kurtz-Phelan, editor of Foreign Affairs, on what FA is mostly focused on as World Order gets reshaped, including coverage of the war in Ukraine and Trump's imperialistic threats. Canada has floated doing major defense deals with Europe and improving the continent’s access to its critical minerals in response to President Trump’s threats and his pullback from US defense commitments.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Disney's new Snow White movie and Air France capitalizing on wealthy tourists.See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Sebastien Page & Dean Curnutt. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Steve Witkoff, White House Special Envoy to the Middle East- Gennadiy Goldberg, Head: US Rates Strategy at TD Securities- Gargi Chaudhuri, Chief Investment and Portfolio Strategist, Americas at BlackRock- David Rubenstein, co-founder of The Carlyle GroupSteve Witkoff, White House Special Envoy to the Middle East, joins for a discussion on rising Middle East tensions and the White House's strategy. Gennadiy Goldberg of TD Securities joins for a look at the outlook for US rates ahead of today's Fed decision. Gargi Chaudhuri, Chief Investment and Portfolio Strategist, Americas at BlackRock, on recent market gyrations and the outlook for equities amid a correction. David Rubenstein, co-founder of The Carlyle Group, shares his thoughts on the direction of the US economy.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 19th, 2025Featuring:1)Sebastien Page, Head of Global Multi-Asset and Chair of the Asset Allocation Steering Committee at T. Rowe Price, talks about repositioning portfolios as geopolitical and trade risks continue to rise. Investors are likely to remain on edge ahead of the Fed's announcement, which is expected to hold interest rates steady but could offer clues on the outlook for the economy and monetary policy.2) Jane Foley, Head of FX Strategy at RaboBank, talks about the Turkish lira nosedive and how it's impacting stocks. Turkish markets plummeted after the detention of President Erdogan's rival, Ekrem Imamoglu, sparking concerns of a political crackdown and potential reversal of investor-friendly economic policies. The lira hit a record low, stocks dropped sharply, and borrowing costs surged as investors sold off government debt.3) Dean Curnutt, CEO and founder at Macro Risk Advisors, joins for an extended discussion on market volatility, the Fed, and how traders are managing all the market uncertainty. Fed Chair Jerome Powell’s news conference today will be scrutinized for his views on the potential impact of Trump’s trade tariffs and how much support the central bank could offer to the slowing economy.4) Erin McLaughlin, Economist at The Conference Board talks about tariffs, inflation, and declining consumer confidence. Investors have slashed holdings of US equities by the most on record while cash levels jumped, according to Bank of America Corp.’s latest survey.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including President Trump's hostility toward Canada hurting NYC tourism and why companies are opting for 'Dexit' and moving to Nevada.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Richard Portes & Angela Stent. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Peter Tchir, Head of Macro Strategy at Academy Securities- Ed Mills, Washington Policy Analyst at Raymond James- Pierre Ferragu, Head: Global Technology at New Street Research- Stephanie Roth, Chief Economist at Wolfe ResearchPeter Tchir with Academy Securities talks about whether the market will stabilize amidst a growing global trade war. Ed Mills of Raymond James talks about the geopolitical and economic policies of a second Trump administration, how Republicans and Democrats in Congress are responding, and other Washington-related headlines. New Street Research's Pierre Ferragu discusses the outlook for Big Tech amid market as well as political uncertainty. Stephanie Roth, Chief Economist at Wolfe Research, discusses recent eco data, inflation in the US, and whether the US economy is slowing.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 19th, 2025Featuring:1) Stuart Kaiser, Head: US Equity Trading Strategy at Citi, discusses political uncertainty weighing on US equities and whether the market will see a bounce back this week as it awaits tariffs on April 2. It comes as Treasury Secretary Scott Bessent said that the underlying economy is healthy and there’s no reason for the US to see a recession, while rejecting the idea of assuring there cannot be a downturn. Economists have warned there’s rising risk of an economic downturn thanks in part to uncertainty over President Trump’s tariff hikes.2) Joumanna Bercetche, host of "Bloomberg Horizons," on the broken ceasefire between Israel and Hamas. Israel launched airstrikes across Gaza, killing hundreds of people, and shattering a nearly two-month ceasefire with Hamas. The airstrikes were in response to Hamas' refusal to release remaining hostages, with Israel demanding the release of around 60 captives and Hamas' disarmament and withdrawal from power in Gaza. The conflict has led to a surge in gold and oil prices.3) Cam Harvey, professor at Duke University, joins for an extended discussion on gold, the Fed, and a potentially slowing US economy. Fed Chair Powell faces a tricky task of reassuring investors about the economy while conveying the Fed's readiness to act if necessary, amid trade war uneasiness and market volatility just as this month's FOMC Meetings get underway.4) Skylar Montgomery-Koning, FX Strategist at Barclays, on the bear and bull cases for a US dollar and a reshaping global FX landscape. Amid German rearmament, Germany’s DAX benchmark touching a new record high, and the euro firmed to a new five-month high versus the dollar.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Warren Buffett changing rules for Berkshire's March Madness bracket, and why you shouldn't pick Duke.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Julia Coronado & Eric Balchunas. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Lotfi Karoui, Chief Credit Strategist at Goldman Sachs- Stephen Trent, Director: America Airlines Research at Citi- Henrietta Treyz, co-founder at Veda Partners- Neil Dutta, Head: US Economic Research at Renaissance Macro Research Lotfi Karoui with Goldman Sachs discusses opportunities in emerging markets during the recent US market selloff. Stephen Trent of Citi discusses the state of the US consumer as airlines express concern about outlooks. Veda Partners' Henrietta Trezy talks about recent headlines out of Washington including the near-government shutdown. Neil Dutta, Head: US Economic Research at Renaissance Macro Research, discusses why he believes the US economy could experience a growth slowdown.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 18th, 2025Featuring:1) Lori Calvasina, Chief US Equity Strategist at RBC Capital Markets, talks about why she lowered her S&P call and talks about her outlook for US equities. Calvasina says the new estimate takes into account a drop in the US GDP target by the brokerage’s economics team. Still, the target represents a ~10% upside from the S&P 500’s Friday close.2) Mike Green, Chief Investment Strategist at Simplify Asset Management, joins for an extended discussion on the equity market correction and whether it's time to lean into active management, consumer sentiment, and divesting from the US. Equity futures dropped after Treasury Secretary Scott Bessent dismissed recent declines as healthy, telling NBC News he’s not worried by the slump in US stocks, after about $5 trillion was wiped from the S&P 500’s value and the index tumbled into a correction.3) Julia Coronado, founder and president at MacroPolicy Perspectives, talks about the potential for a slowdown in the US economy and outlook for markets amid tariff uncertainty. President Donald Trump announced that he would impose both broad reciprocal tariffs and additional sector-specific tariffs on April 2. 4) Julie Norman, professor at University College-London, discusses the US ramping up attacks on the Houthi rebels in Yemen as President Trump turns his focus to Putin and Ukraine. President Donald Trump ordered military attacks on Houthi militia sites in Yemen in response to maritime attacks on vessels sailing through the Suez Canal and southern Red Sea. It comes as Trump said he will speak with Russian President Vladimir Putin on Tuesday to discuss ending the fighting in Ukraine.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Disney's succession plan and kids using AI to cheat.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with John Stoltzfus & Doug Irwin. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Christopher Verrone, Head: Technical & Macro Strategy at Strategas- Ed Yardeni, President at Yardeni Research- Mark Rutte, NATO Secretary General- Torsten Slok, Chief Economist at ApolloChristopher Verrone of Strategas breaks down the fundamentals behind equities entering a technical correction and whether stock could continue their decline. Ed Yardeni of Yardeni Research talks about why he's lowering his 2025 S&P year-end target. NATO Secretary General Mark Rutte joins for a discussion about the US repositioning itself on the global stage and how it's reshaping the world order. Torsten Slok, Chief Economist at Apollo, on the outlook for rate cuts and a recession in 2025.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 14th, 2025Featuring:1) John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., discusses equities entering a correction and whether now's the right time to buy. the S&P 500 has fallen into its first 10% correction in almost two years, with concerns over President Trump's trade war and its impact on the economy. the market is pricing in a recession risk much bigger than credit markets.2) Matt Diczok, Head of Fixed Income Strategy, Chief Investment Office for Merrill and Bank of America Private Bank, on signals from the bond market regarding broader economic concerns. 3) Doug Irwin, professor at Dartmouth and global trade expert, talks about his Foreign Affairs piece on trade policy and tariffs. In a sign of a trade-war escalation, Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages. Also on Thursday, Trump said he would not repeal tariffs on steel and aluminum that took effect this week, nor back off plans for sweeping reciprocal tariffs on global trading partners set to start as soon as April 2.4) Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, breaks down airline earnings this week. American Airlines and Delta Air Lines have slashed their financial forecasts, citing a rapid reversal of demand trends and a broad weakness in consumer spending. Grim updates from airlines and retailers have added to market sentiment.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Geoffrey Yu & Bob Hormats. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Howard Lutnick, US Commerce Secretary- John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co.- Bill Dudley, former President of NY Federal ReserveUS Commerce Secretary Howard Lutnick joins Jon, Lisa, and Annmarie to discuss the latest on the Trump administration's tariff and economic policies. John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., talks about the downswing in equities and whether the market is just in a correction or if there are actual policy concerns weighing on stocks. Bill Dudley, former President of NY Federal Reserve and Bloomberg Opinion columnist, discusses his latest Bloomberg commentary.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 13th, 2025Featuring:1) Geoffrey Yu, Senior EMEA Strategist at BNY, joins for an extended discussion on the path for US rates and the American economy, as well as equities, amid mounting policy uncertainty. The risk of a US government shutdown comes at a moment when financial markets are hyper-sensitive to new disruption from Trump-led tariffs, with equity strategists recently tempering their expectations about the US market.2) Julia Pollak, Chief Economist at ZipRecruiter, reacts to jobless claims and talks about the state of US labor. Despite the January improvement for US job openings, recent reports indicate a labor market slowdown, and investors expect the Federal Reserve to make interest-rate cuts this year.3) Bob Hormats, Vice Chairman of Kissinger Associates and former Under Secretary of State for Economic Growth, Energy, and the Environment, joins to discuss conversations he's having with allies overseas, and why there's so much confusion over tariffs and our interactions with allies. President Trump said the US would respond to the European Union's countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war. The EU launched "swift and proportionate countermeasures" on US imports4) Constance Hunter, Chief Economist at EIU, on the US economy, US growth, and whether tariffs could actually help the economy. Companies worldwide are planning for the worst amid President Donald Trump's tariff barrage, with many setting up "tariff task forces" to mitigate the impact on sales, profits, and market shares. Companies are exploring alternative production locations, such as Vietnam, and adjusting their business models to minimize the impact of tariffs.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including vaccinating poultry to bring down egg prices, the Grateful Dead's 60th anniversary commemoration, and the newest cruise offerings.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature a conversation with Leland Miller. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Max Kettner, Chief Multi-Asset Strategist at HSBC- Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries- David Kelly, Chief Global Strategist at JPMorgan Asset Management- Mohamed El-Erian, President at Queens' College, CambridgeMax Kettner of HSBC discusses whether equities will be able to weather unclear tariff policy or if there will be a continued slide. Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, talks about struggling airliners. David Kelly with JPMorgan Asset Management and Mohamed El-Erian, President at Queens' College, Cambridge and Bloomberg Opinion columnist, react to CPI.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 12th, 2025Featuring:1) Mark Zandi, Chief Economist at Moody's, Adam Posen, President of the Petersen Institute for International Economics, and Brij Khurana, Fixed Income Portfolio Manager at Wellington Management, react to today's CPI reading and discuss how inflation and tariffs could continue to impact markets. 2) David Sowerby, Portfolio Manager at Ancora Advisors, offers his outlook on equities and the S&P 500 and whether markets will soon see a rebound. Goldman Sachs strategists lowered their year-end target for the S&P 500 Index to 6,200 from 6,500, citing reduced GDP growth forecasts and higher uncertainty. Goldman joins other banks in expressing concerns over economic growth amid geopolitical uncertainties, and recommends owning stocks insulated from market volatility or trading at discounted valuations.3) Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, brings us into the market open and discusses the importance of staying steadfast amid headline risks. Market forecasters at banks including JPMorgan Chase & Co., Goldman Sachs, and RBC Capital Markets have tempered bullish calls for 2025 amid a US-led trade war.4) Leland Miller, CEO at China Beige Book, talks about how tariffs are affecting markets and why it's important to closely follow tariffs on China. President Donald Trump's 25% tariffs on steel and aluminum imports took effect, triggering an immediate response from the European Union and sparking a new phase in the global trade war. The tariffs apply worldwide, with effects on economic rivals and close US allies, and have sparked reactions from countries including China, the UK, and Australia, with the EU launching "swift and proportionate countermeasures" on US imports.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Cam Dawson & Ned Lamont. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Brian Levitt, Global Market Strategist at Invesco- Kelsey Berro, Executive Director: Fixed Income at JPMorgan Investment Management- Holly O'Neill, President: Retail Banking at Bank of America- Lindsay Rosner, Head: Multi-Sector Investing at Goldman Sachs Asset Management Brian Levitt of Invesco discusses whether the market could spiral into deeper losses given growing policy and economic uncertainty. Kelsey Berro with JPMorgan Investment Management talks about investing risks and how to position in a blurry eco environment. Bank of America's President of Retail Banking Holly O'Neill talks about the health of the US consumer amid concerns about higher income spenders slowing down. Lindsay Rosner, Head: Multi-Sector Investing at Goldman Sachs Asset Management, discusses signals from the bond market about US economic concerns.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 11th, 2025Featuring:1) Connecticut Governor Ned Lamont joins for an extended discussion US politics, working with the Trump administration, managing his state, and the future of the Democratic party. It comes as House Republicans have announced a spending bill to keep government agencies open through September 30, which may lead to a confrontation with Democrats and potentially a government shutdown.2) Margie Patel, Senior Portfolio Manager at Allspring Global Investments, brings us into the market open and discusses whether now is a buying opportunity for equities. President Trump's tariff proposals are causing market turmoil and recession risks, and his team is under pressure to act fast to pass a tax bill and provide an economic boost. Investors remain cautious due to concerns about the American economy, tariffs, and government spending cuts.3) Stephanie Roth, Chief Economist at Wolfe Research, talks about why she's changing her eco outlook call for 2025. A global stocks selloff eased as US equity futures signaled modest gains on Wall Street. President Trump’s team is starting to warn of short-term pain as they pursue a drastic overhaul of trade and public spending.4) Lee Klaskow, Senior Transports & Logistics Analyst at Bloomberg Intelligence, joins for a discussion on tariffs and how a brief "disturbance" is bad for freight. President Trump's tariff policies have been marked by reversals and faulty rollouts, causing confusion among US trading partners and businesses.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Henrietta Treyz & Derek DeCloet. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Veronica Clark, US Economist at Citi- Kelly Ann Shaw, Partner at Hogan Lovells- Barbara Reinhard, CIO: Multi Asset Strategist at Voya Investment Management- Neil Dutta, Head: US Economic Research at Renaissance Macro Research Veronica Clark with Citi breaks down the latest eco data from Friday and talks about growing economic uncertainty as President Trump's tariff policy takes shape. Kelly Ann Shaw, Partner at Hogan Lovells and former Deputy Assistant to the President for International Economic Affairs, discusses the renewed thinking on US trade policy from the Trump administration. Barbara Reinhard with Voya Investment Management talks about defensive investing in an increasingly unclear economic and policy environment. Neil Dutta, Head: US Economic Research at Renaissance Macro Research, discusses why he thinks the US economy may be poised to slow.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 10th, 2025Featuring:1) Lindsey Piegza, Chief Economist at Stifel, reacts to Friday's jobs figures, previews CPI, and talks about how tariffs could affect US growth. President Donald Trump’s protectionist policies and cuts to the federal workforce have dented confidence in US economic outperformance. Trump said at the weekend the US economy faces “a period of transition,” while Treasury Secretary Scott Bessent earlier warned of disruption to growth.2) Henrietta Treyz, co-founder at Veda Partners, joins to talk about a potential government shutdown and more tariff talk on deck from President Trump. House Republicans announced a spending bill to keep government agencies open through September 30, which may lead to a confrontation with Democrats and potentially a government shutdown. The bill's passage is uncertain, with some Republicans and Democrats expressing concerns about various aspects of the bill.3) Derek DeCloet, Managing Editor with Bloomberg News, on Mark Carney succeeding Justin Trudeau and the latest on US-Canada relations. Carney has won the race to become Canada's next prime minister, taking over from Justin Trudeau, amidst economic uncertainty due to US President Donald Trump's trade policies. Carney, a former central banker, has pledged to protect Canada's economy and sovereignty, promising to keep retaliatory tariffs on US goods until the US shows respect and makes credible commitments to free and fair trade.4) Kristen Bitterly, Head: Wealth at Work at Citi, discusses why it's important for investors to remain constructive at this time. It comes as strategists across several firms including Morgan Stanley, JPMorgan, and RBC have also tempered their bullish S&P calls for 2025.5) Lisa Mateo joins with the latest headlines in newspapers across the US, including older Americans turning to Blue Collar jobs, big Costco TVs, and high prices for a French classic.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Priya Misra & Ellen Zentner. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Mohamed El-Erian, President at Queens' College, Cambridge- Stephanie Roth, Chief US Economist at Wolfe Research- Kathy Jones, Chief Fixed Income Investment Strategist at Charles Schwab- Elsa Lignos, Global Head: FX Strategy at RBC- Frances Donald, Chief Economist at RBC We get reaction to Friday's critical February jobs report with Mohamed El-Erian of Queens' College Cambridge and Bloomberg Opinion, Stephanie Roth of Wolfe Research, and Charles Schwab's Kathy Jones. Elsa Lignos of RBC joins for a look at currency moves after a week of US tariff uncertainty. Frances Donald, Chief Economist at RBC, discusses concern over slowing US growth and the potential for more inflation.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 7th, 2025Featuring:1) Claudia Sahm, Chief Economist at New Century Advisors, Ellen Zenter, Chief Economic Strategist at Morgan Stanley, Rebecca Patterson, former Chief Investment Strategist at Bridgewater, and Kristina Campmany, Senior Portfolio Manager at Invesco, offer their reaction to the February US Jobs Report. Concerns over US growth, rising inflation, and uncertain tariff policy from the Trump administration have made this month's jobs report a critical data point for traders. All of the uncertainty has put the S&P 500 on track for its worst drop since September.2) Gina Martin Adams, Chief US Equity Strategist with Bloomberg Intelligence, discusses the equity reaction to the February jobs figures. The rapid tariff rollout has been driven by Trump administration and President Donald Trump himself has led to market volatility, with US equities taking a beating and consumer confidence eroding, posing political risks for the president and increasing overall market risks.3) Anna Wong, Chief US economist at Bloomberg Economics, on her lower-than-consensus jobs call and why the labor market might be weakening or strengthening. Today's report offers clues on whether the Trump administration-led trade war and government job cuts are hitting jobs and making a case for the Federal Reserve to resume interest-rate cuts.4) Lisa Mateo joins with the latest headlines in newspapers across the US, including the US scouring the globe for egg supplies, NCAA March Madness, and Meghan Markle's one pot pasta technique.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Katharine Neiss & Constance Hunter. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Jane Foley, Head of FX Strategy at RaboBank- Max Kettner, Chief Multi-Asset Strategist at HSBC- Jason Furman, Professor at Harvard University- Constance Hunter, Chief Economist at EIU Jane Foley of RaboBank talks about how the global bond selloff and Germans spending plan is rippling through currency markets. Max Kettner at HSBC offers his outlook for European stocks and whether US equities will weather the policy uncertainty in Washington. Jason Furman, Professor of the Practice of Economic Policy at Harvard University, discusses his view on President Trump's tariff strategy and whether or not it's anti-growth. Constance Hunter, Chief Economist at EIU, discusses the impact of tariffs on the US economy and looks ahead to tomorrow's jobs report.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 6th, 2025Featuring:1) Steve Chiavarone, Senior Portfolio Manager at Federated Hermes, on why he remains constructive on the economy and investment environment despite so much policy uncertainty in DC. Markets are focused on the global bond rout and economic fallout from the brewing Trump-led trade war, with bond investors waiting for the European Central Bank's meeting and interest rate decision.2) Katharine Neiss, Chief European Economist, PGIM Fixed Income, reacts to the ECB decision and talks German spending and the global bond selloff. The rout in German bonds affected global debt markets, with yields surging in Japan, Australia, New Zealand, Italy, and the UK. German bond declines were triggered by the nation's plans for defense and infrastructure investments.3) Monica Defend, Head of Amundi Investment Institute, offers her take on German spending and talks about how tariffs could reshape investing in Europe. European leaders are moving swiftly to mobilize additional defense funds to counter the threat of aggression from Moscow as US support for Ukraine remains highly uncertain.4) Henrietta Treyz, co-founder at Veda Partners, discusses the Federal budget, tariffs, DOGE, and the 3/14 government funding deadline. House Democrats have signaled they’re wary of voting for a “clean” stopgap bill, given the Trump administration’s blockage of federal funding.5) Lisa Mateo joins for a look at newspaper headlines making news around the US. She talks about how the 401K has become Americans rainy day fund, the Rock becoming Hollywood's highest paid actor again, and parents in tech telling their kids to pursue the arts instead.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Bob Michele & Gautam Mukunda. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- US Commerce Secretary Howard Lutnick- Bob Michele, CIO: Fixed Income at JPMorgan Asset Management- George Saravelos, Global Head: FX Research at Deutsche Bank- Monica Guerra, Head of US Policy at Morgan Stanley US Commerce Secretary Howard Lutnick joins for an extended discussion on President Trump's tariff and trade policies. Bob Michele of JPMorgan Asset Management discusses how the bond market is weighing the risks of the US-led trade war. Monica Guerra of Morgan Stanley outlines how traders should position themselves for the specifics of President Trump's tariff strategy. George Saravelos, Global Head: FX Research at Deutsche Bank, talks about his research notes outlining the FX impact of tariffs.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 5th, 2025Featuring:1) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, joins for an extended discussion on bonds and fixed income, and warning signals following the implementation of President Trump's tariffs. The dollar fell to a three-month low due to concerns about the negative impact of US tariffs on the economy, with losses particularly stark against the euro. The dollar's downward trend is fueled by concerns that a global trade war - prompted by Trump's tariffs - will weigh on economic growth.2) Terry Haines, founder at Pangaea Policy, reacts to President Trump's address to Congress and how it could ripple through markets. President Trump defended his tariff plan, saying it would raise "trillions and trillions" in revenue and rebalance trading relationships, despite acknowledging potential economic pain.3) Brian Belski, Chief Investment Strategist at BMO Capital Markets, joins for an extended discussion on whether it's time to stay in the market or rotate out of equities. Recent eco data showed that manufacturers are struggling with price pressures and uncertainty regarding tariffs and signaled a potential for a slowdown in US growth.4) Regina Mayor, Global Head of Clients & Markets at KPMG, joins to talk about the potential for rising energy prices in the US and abroad and whether they could be lowered from the Trump administration's energy policies. President Trump's tariffs on imported goods from top trading partners are likely to increase the cost of home heat pumps, battery storage systems, and electric cars in the US.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature a conversation with Abby Joseph Cohen. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Julian Emanuel, Chief Equity & Quantitative Strategist at EvercoreISI- Ed Mills, Washington Policy Analyst at Raymond James- Everett Eissenstat, Former Deputy Director for the National Economic Council- Kit Juckes, Chief FX Strategist at Societe GeneraleJulian Emanuel of EvercoreISI discusses his S&P target and how the market could be reshaped by tariffs and geopolitical uncertainty. Ed Mills, Washington Policy Analyst at Raymond James, joins to discuss the severity of President Trump's economic and trade policies. Eerett Eissenstat, Former Deputy Director for the National Economic Council, talks about how tariffs could affect the US and global economies and whether President Trump could change course. Kit Juckes at Societe Generale talks about currency moves amid a US-led trade war.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 4th, 2025Featuring:1) Brendan Murray, Bloomberg News Trade Tsar, joins to discuss the economic fallout of the US-led trade war. President Donald Trump imposed 25% tariffs on most Canadian and Mexican imports and raised the charge on China to 20%, affecting roughly $1.5 trillion in annual imports. Canada and China have retaliated with their own tariffs as Mexico weighs what it's next move will be.2) Barbara Reinhard, CIO: Multi Asset Strategies & Solutions at Voya Investment Management, discusses why she believes it's time to buy equities and why European fundamentals look positive. Stocks in Europe retreated due to concerns over potential US tariffs, with investors watching for hints on future trade steps in President Trump's address to Congress today, as well as China's response to US tariffs.3) Abby Joseph Cohen, professor at Columbia Business School, joins for an extended discussion on the economic policies of a second Trump administration and the risks of cutting government research funding. New levies mark President Trump’s biggest push to remake global trade, and the Department of Government Efficiency (DOGE) is reshaping government spending with unclear economic consequences.4) Jean Boivin, Head of the BlackRock Investment Institute, talks about how his group is navigating market and geopolitical uncertainties amid a market selloff. It comes with the US yield curve steepening as President Trump's tariff threats came to fruition.5) Lisa Mateo breaks down the latest headlines in newspapers across the US, including what could get more expensive under Trump tariffs, vendors advertising tariff-free products, and Chipotle announcing it'll foot the bill on tariff hikes.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Peter Trubowitz & David Bahnsen. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Mohamed El-Erian, President at Queens' College, Cambridge- Tobin Marcus, Head: Policy & Politics at Wolfe Research- Liz Young Thomas, Head of Investment Strategy at SoFi- Steve Ricchiuto, Chief US Economist at MizuhoMohamed El-Erian, President at Queens' College, Cambridge, discusses slowing US growth as President Trump readies to place tariffs on key allies and China. Tobin Marcus of Wolfe Research talks about reciprocal tariffs and what levies could actually look like. SoFi's Liz Young Thomas discusses how equities will fare amid slowing growth along with tariff and inflation fears. Steve Ricchiuto, Chief US Economist at Mizuho, discusses how policy could ripple through markets and previews upcoming eco data.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 3rd, 2025Today's Podcast Features:1) Peter Trubowitz, professor at London School of Economics, joins for an extended discussion on tariffs and geopolitics. It comes as President Donald Trump is planning to impose new tariffs on Canada and Mexico, as well as doubling a levy on China, which would apply to roughly $1.5 trillion in annual imports. 2) Jack Devine, founder and Chairman at the Arkin Group, joins to discuss Friday's Oval Office meltdown and what's ahead for the US Trans Atlantic alliance. Ukrainian President Volodymyr Zelenskiy says he is willing to meet with President Trump again if invited. Zelenskiy signaled that Ukraine is ready to accept a natural resources deal with the US, and European leaders are trying to mend the break between the US and Ukraine.3) Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, joins to discuss the outlook for equities amid uncertain US growth and incoming tariffs. Markets are bracing for a looming March 4 tariff deadline, with potential levies of 25% on Canada and Mexico and an additional 10% on China.4) Lisa Mateo breaks down the latest headlines in newspapers across the US, including Oscars Backlash, the Yankees' decision to lift its beard ban, and a rare coffee bean that could impact climate issues.See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Michael Darda & Frances Donald. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Steven Major, Global Head: FI Research at HSBC- Kelly Ann Shaw, Former Deputy NEC Director- Andrew Hollenhorst, Chief US Economist at Citi- Michael Kushma, CIO: Fixed Income at Morgan Stanley Investment ManagementSteven Major, Global Head: FI Research at HSBC, discusses signals from the bond market on outlook for the US and global economies. Kelly Ann Shaw, Former Deputy NEC Director, discusses President Trump's trade proposals. Citi's Andrew Hollenhorst and Michael Kushma of Morgan Stanley Investment Management react to the latest PCE data.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 28th, 2025Featuring: Neil Dutta, Head of US Economic Research at Renaissance Macro Research, Ian Lyngen, Head of US Rates Strategy at BMO Capital Markets, Frances Donald, Chief Economist at RBC, react to PCE and discuss the outlook for US economic growth Jordan Rochester, Head of FICC Strategy at Mizuho EMEA, on USD strength and his note on the Japan cyclical story Mick Mulroy, co-founder at the Lobo Institute, on Ukrainian President Volodymyr Zelenskiy visiting President Trump at the White House Lisa Mateo on newspapers Eric MolloSee omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Gil Luria & Caroline Hyde. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Christopher Verrone, Head: Technical & Macro Strategy at Strategas Securities- Torsten Slok, Chief Economist at Apollo- Bankim Chadha, Chief US Equity & Global Strategist at Deutsche Bank- Lauren Saidel-Baker, Economist at ITR Christopher Verrone is Strategas discusses inflation in the US and whether the economy could soon experience a slowdown. Apollo's Torsten Slok talks about his views on rate cuts in 2025 and where the Fed stands as it looks to continue bringing down inflation. Deutsche Bank Chie US Equity Strategist Bankim Chadha discusses recent moves in equities and whether the rally will sustain through 2025. Lauren Saidel Baker, Economist at ITR, on today's jobless claims data and the outlook for the US economy.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney February 27th, 2025Featuring: Gil Luria, Tech Analyst at D.A. Davidson, reacts to Nvidia earnings and discusses the outlook for the company Wendy Schiller, professor at Brown University, on the latest DC headlines and Trump's recent statements on tariffs Julia Pollak, Chief US Economist at ZipRecruiter, reacts to jobless claims and discusses the latest on the labor market and See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Rich Greenfield & Anastasia Amoroso. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

- Yelena Shulyatyeva, Senior US Economist at The Conference Board- Brian Gardner, Chief Washington Policy Strategist at Stifel- Ted Maloney, CEO at MFS Investment Management- Meghan Robson, Head: US Credit Strategy at BNP ParibasYelena Shulyateva of The Conference Board offers her outlook on inflation and the US economy. Stifel's Brian Gardner breaks down news flow out of DC and breaks down the latest policy proposals from the Trump administration. Ted Maloney, CEO at MFS Investment Management, discusses his view on the US economy and where investors are putting their money. BNP Paribas' Meghan Robson talks about signals from the bond market and investment opportunities in credit.See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 26th, 2025Featuring: Jim Bianco, president at Bianco Research, joins to discuss the "Mar-A-Lago Accord" that's making waves in financial media, as well as his outlook for rates and the US economy Anastasia Amoroso, Chief Investment Strategist at iCapital, discusses the latest market drawdown and consumer and investor expectations, and how Nvidia earnings could change that Ivan Feinseth, Senior Partner & CIO at Tigress Financial Partners, offers an extended preview of Nvidia earnings Lisa Mateo on newspapers See omnystudio.com/listener for privacy information.