Bloomberg Surveillance

Republican presidential candidate Nikki Haley says it was a mistake for former President Donald Trump to say he would abandon NATO members to a Russian incursion if the allies failed to meet defense-spending commitments. Haley speaks with Bloomberg's Jonathan Ferro, Annmarie Hordern and Lisa Abramowicz.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 and Paul SweeneyFriday February 9th, 2024Featuring: Ed Yardeni, Yardeni Research President, on markets Jurrien Timmer, Fidelity Dir. of Global Macro, on markets Amrita Sen, Energy Aspects Founder and Director of Research, on energy Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Conference Board Chief Economist Dana Peterson breaks down inflation expectations ahead of new data next week and discusses the labor market, geopolitical climate and consumer sentiment. She speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz and Mike McKee. See omnystudio.com/listener for privacy information.

Disney Senior Executive Vice President and CFO Hugh Johnston discusses cutting costs, the newly announced sports bundle with Fox and Warner Bros. Discovery and meeting viewers where they are. He speaks with Bloomberg Surveillance hosts Jonathan Ferro and Lisa Abramowicz.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 and Paul SweeneyThursday February 8th, 2024Featuring: Leland Miller, China Beige Book CEO, on China's market rout Brian Wieser, Madison and Wall Principal on DIS earnings Chris Ailman, CalSTRS CIO Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Federal Reserve Bank of Richmond President Thomas Barkin reiterated policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation. He speaks with Bloomberg's Jon Ferro, Lisa Abramowicz, Annmarie Hordern and Michael McKee.See omnystudio.com/listener for privacy information.

Republican Senator from Florida Rick Scott discusses the flailing border and Ukraine aid deal, what he wants from a border security bill and Donald Trump's influence. He speaks with Bloomberg Surveillance hosts Jonathan Ferro, Annmarie Hordern and Lisa Abramowicz.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 and Paul SweeneyTuesday February 6th, 2024Featuring: Herman Chan, Bloomberg Intelligence Senior US Regional Bank analyst, on NYCB Katy Kaminski, AlphaSimplex Chief Research Strategist, on markets Ken Leon, CFRA Research Research Director, Industry and Equities, on DIS earnings Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

US Chief Economist at FS Investments Lara Rhame speaks on the prospect of a potential March rate cut and for the rest of 2024See omnystudio.com/listener for privacy information.

Macropolicy Perspectives President and Founder Julie Coronado speaks on the nominal funds rate and the Fed's path to cutting rates this year. 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 and Paul SweeneyTuesday February 6th, 2024Featuring: Tom Orlik, Bloomberg Economics chief economist, on China and Red Sea trade Andrew Sheets, Managing Director, Morgan Stanley, on markets Peter Tchir, Academy Securities Director/Head: Macro strategy Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Chicago Federal Reserve Bank President Austan Goolsbee speaks on Fed Chair Powell's speech and his timeline for rate cuts this year with Bloomberg's Michael McKeeSee 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 and Paul SweeneyMonday February 5th, 2024Featuring: Jennifer Lee, Senior Economist and Managing Director with BMO Capital Markets, on markets Mick Mulroy, co-founder of the Lobo Institute, former CIA paramilitary officer, and marine, joins to discuss geopolitical tensions in the Middle East, Ukraine, and China Lori Calvasina, Head of US Equity Strategy · RBC Capital Markets, on markets Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Ellevest CEO Sallie Krawcheck speaks on her platform that provides wealth and financial guidance to women See omnystudio.com/listener for privacy information.

Bank of America Securities Head of US Equity & Quantitative Strategy Savita Subramanian speaks on the "Magnificent Seven" tech rally and biggest market risks for 2024. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Mohamed El-Erian unpacks the January jobs report which could cause a headache for the Fed and implications for the Biden administration. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern. See omnystudio.com/listener for privacy information.

Connecticut Governor Ned Lamont discusses the state's population growth, immigration policy and the 2024 presidential election. He speaks with Bloomberg Surveillance hosts Lisa Abramowicz, Jonathan Ferro and Annmarie Hordern. 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 and Paul SweeneyWednesday January 31th, 2024Featuring: Gene Munster, Deepwater Asset Management Managing Partner, on tech earnings Sara House, Wells Fargo Senior Economist and Mona Mahajan, Edward Jones Senior Investment Strategist on breaking jobs Bloomberg Intelligence analysts Mandeep Singh and Anurag Rana on the week in tech earnings Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Morgan Stanley Chief US Equity Strategist and Chief Investment Officer Mike Wilson discusses constraints on regional banks, themes for the markets in 2024 and reducing the Magnificent Seven to the Magnificent Four. He speaks with Bloomberg Surveillance hosts Lisa Abramowicz, Jonathan Ferro and Annmarie Hordern. 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 and Paul SweeneyThursday February 1st, 2024Featuring: Rebecca Patterson, Bretton Woods Committee board member, on markets Komal Sri Kumar, Sri-Kumar Global Strategies President, on the Fed Margie Patel, Senior PM at Allspring Global Investments, on markets Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance 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 See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg SurveillanceSee omnystudio.com/listener for privacy information.

JP Morgan Securities Chief Economist Bruce Kasman discusses what he expects from the Fed's decision today, dynamics in the labor market and the relevance of the Fed. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern. 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 and Paul Sweeney Wednesday January 31th, 2024Featuring: Dan Ives, Wedbush Securities Senior Equity Analyst, on tech earnings Julia Coronado, MacroPolicy Perspectives President/Founder, on markets Robert D. Kaplan, Author on geopolitics Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

General Motors Co. CEO Mary Barra discusses a slowdown in electric vehicle adoption and the launch of plug-in hybrid models in their North America line-up. She speaks to Bloomberg’s Jonathan Ferro. 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 and Paul SweeneyTuesday January 30th, 2024Featuring: Claudia Sahm, Sahm Consulting Founder, on the economy Adm. James Stravidis, Bloomberg Opinion columnist, on US reaction to Iran Nadia Lovell, UBS Senior U.S. Equity Strategist, Global Wealth Management on markets Bloomberg's Lisa Mateo with her Newspaper Headlines Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Citizens Bank of Edmond CEO Jill Castilla speaks on the outlook for the banking sector in 2024, commercial real estate and car loans with Bloomberg's Jonathan Ferro and Lisa AbramowiczSee omnystudio.com/listener for privacy information.

NYSE Group President Lynn Martin joins the roundtable to discuss principal trends that may share global markets this year with Bloomberg's Jonathan Ferro and Lisa Abramowicz 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 and Paul SweeneyMonday January 29th, 2024Featuring: Chris Harvey, Wells Fargo Securities Head of Equity Strategy on markets Greg Valliere, AGF Investments Chief U.S. Policy Strategist Dennis Gartman, Dennis Gartman, University of Akron Endowment Chairman & former publisher of The Gartman Letter on markets Lisa Mateo, Bloomberg News reporter Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

US Deputy Treasury Secretary Wally Adeyemo says the administration is not declaring victory over inflation and it knows there is more work to do when it comes to the economy. He says President Joe Biden continues to make progress on putting money back in the pockets of Americans. Adeyemo spoke with Bloomberg's Lisa Abramowicz, Jonathan Ferro, and Annmarie Hordern from the White House.See omnystudio.com/listener for privacy information.

Bloomberg Opinion Columnist Mohamed El-Erian is concerned that economic growth could "disappoint" and the Federal Reserve won't cut rates in line with expectations. He speaks with Bloomberg Surveillance hosts Jon Ferro, Lisa Abramowicz and Annmarie HordernSee omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE each morning on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney. Friday January 26th, 2024 Featuring: Cameron Dawson, Newedge Wealth Chief Investment Officer Bob Doll, Crossmark Global Investments CEO and CIO David Kelly, Chief Global Strategist at JP Morgan Asset Management Frank McCourt, Founder and Executive Chairman of Project Liberty AND Executive Chairman of McCourt Global Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

US sanctions have succeeded in reducing the amount of oil Iran exports, a White House energy adviser said Thursday. Iranian oil exports have been cut from as much as 3 million barrels a day to as little as 1 million barrels a day, President Joe Biden’s energy security adviser Amos Hochstein speaks with Bloomberg Surveillance hosts Jon Ferro, Lisa Abramowicz and Annmarie HordernSee omnystudio.com/listener for privacy information.

The likely face-off between President Joe Biden and Donald Trump in November will stir turmoil in the mergers-and-acquisitions market this year, according to PJT Partners’ founder Paul Taubman. He speaks with Bloomberg Surveillance hosts Jon Ferro, Lisa Abramowicz and Annmarie Hordern. See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE each morning on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney. Thursday January 25th, 2024Featuring: Ed Hyman, Evercore ISI Chairman Lucas Shaw, Bloomberg Screentime Newsletter Garrett Nelson, CFRA Research Senior Equity Analyst and VP Jane Foley, Rabobank Head of FX Strategy Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE each morning on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney. Wednesday January 24th, 2024 Featuring: Victoria Fernandez Chief Market Strategist Crossmark Global Investments Brian Wieser, Madison and Wall Principal Amy Wu Silverman, managing director and head of derivatives strategy for RBC Joe Theismann, former NFL Quarterback Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Former House Speaker Kevin McCarthy says he thinks Republican presidential candidate Nikki Haley will drop out of the race before the primary in her home state of South Carolina. He spoke with Jon Ferro, Lisa Abramowicz and Annmarie Hordern on "Bloomberg Surveillance."See omnystudio.com/listener for privacy information.

IBM Vice Chairman and former US National Economic Council Director under the Trump administration Gary Cohn says the Fed cycle is finally becoming more normal. Speaking to Bloomberg Surveillance host Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern, Cohn adds US consumers partly feel bad though because of the peculiar compounding effect of inflation. See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE each morning on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney. Tuesday January 23rd, 2024 Featuring: Luke Kawa, UBS Asset Management Allocation Strategist Carl Riccadonna, BNP Paribas Chief US Economist Sylvia Jablonski, Defiance ETFs CEO and CIO Gene Munster, Managing Partner and co-founder at Deepwater Asset Management Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Tom Keene, Paul Sweeney, Lisa Mateo and Michael Barr are now LIVE on YouTube. Watch Surveillance live each morning, from 7-10 AM Eastern, on the Bloomberg Podcasts YouTube Channel. Watch here: https://www.youtube.com/watch?v=zhwsLGvjjggSee omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE each morning on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney. Monday January 22nd, 2024 Featuring: Alicia Levine, Head of Investment Strategy and Equity Advisory Solutions BNY Mellon Wealth Management Scott Chronert, Citi Research Managing director Lori Calvasina, RBC Capital Markets Head of US Equity Strategy Jennifer Lee, BMO Capital Markets Senior Economist and Managing Director Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillanceSee omnystudio.com/listener for privacy information.

Bloomberg Surveillance hosted by Tom Keene and Damian SassowerThursday, January 18th, 2024Featuring: Geoff Yu, BNY Mellon EMEA macro strategist Komal Sri-Kumar, Sri-Kumar Global Strategies President Amanda Agati, PNC Financial Services Group CIO Margie Patel, Allspring Global senior portfolio manager Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Bloomberg Surveillance hosted by Tom Keene and Damian SassowerFriday, January 19th, 2024Featuring: Stephen Schork, The Schork Group Principal Greg Daco, EY Chief economist Brian Levitt, Invesco Global Market Strategist Neil Dutta, Renaissance Macro Partner/Head of Economic Research Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Brad Stone, Bloomberg News Senior Executive Editor for Global Tech, shares his AI insights from the World Economic Forum in Davos. Wedbush's Dan Ives details his takeaways from the CES conference. Dana Telsey of the Telsey Advisory Group discusses the strength of the US consumer in the wake of retail sales data. Charles Schwab's Liz Ann Sonders ties in Led Zepplein with her markets outlook. Hosted by Tom Keene and Damian Sassower. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance Full Transcript: This is the Bloomberg Surveillance Podcast. I'm Tom Keane, along with Jonathan Farrell and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business app. He is definitive on Amazon of course, the Trophy book right now Amazon Unbound. Jeff Bezos The Invention of a Global Empire. He joins us from Davos, the meetings of the World Economic Forum at brad Thrilled to have you with Bloomberg Surveillance this morning. Let me cut to the chase. I see AI at Microsoft is countable, revenue, co pilot, azore all the rest of it. And I see a lot of other AI is smoking mirrors. How do you parse between legitimate artificial intelligence future and the makeup, the fantasy, the comedy of it. How do you parse? Oh? Boy, well, thanks Tom for having me. Hi Damien. Look, I've been covering Silicon Valley long enough that I've seen this story play out before. We're at the beginning of a hype cycle. There will be disappointment a lot of you know, the visions of Agi computers that reason that change our world, they seem far fetched, you know. There there we talk about a trough of dissolutionment that will happen. But you're right that there you know that there are real revenues, real benefits. Yesterday, Microsoft announced that it was bringing its open AI powered co pilot to the office seat, so you know at twenty dollars a month, making it available small business as an individual users. That's real. Yeah, brtt I signed up last night. I was going to be reack. Can you see me, Damien? Can you see me do an artificial Intelli get out of the way. Fred. If I look at this, can you say that the Magnificent seven they seem to be away from the hype. How is the Magnificent seven going to create revenue and cash flow out of AI? Yeah? I mean they're the best position because they're they're they're selling the picks and shovels to all the miners. You know, this is Alphabet and Amazon and Microsoft running the world's most powerful cloud services and making basically AI available as a service to every university and startup in consumer goods company that you know wants to use these tools for a variety. It's it could be R and D could be customer service. So you know, even even though that'll be a work in progress there, the revenues will be real. My question for Santia Tom by the way yesterday was you know, do you control any of this. You're you're investors in open AI. You don't even have a board seat. You're like in the back of the bus with a seatbelt, and it's got such peculiar governance. And he said, you know, it's fine, we just want stability. So I don't know if I quite believe it. I think they're outsourcing a key competency. But they're in the cappards seat, the driver's seat because they did make that investment. I'm sure the Amazons and the Googles of the world wish that they hadn't passed up the open AI opportunity when they had the chance. Well, Brad, I appreciate you answering those two questions from that artificial personification of Tom Keen that wasn't really Tom Keen answering those questions, And my question for you is talk to me about deep fake videos X these platforms. What's to stop open AI and chat, GPT and all this artificial nonsense from mudding the waters ahead of the election? Yeah? Well, what it's funny because it is really the talk of the conference that you've got national elections in some seventy seven countries around the world. Half the world's population could head to the polls at the same time as this enormously powerful technology is made available to people, and what's to stop it from being missus? I know this is going to carry a lot of water with our listeners, but you know they are raising their right hand and putting their left hand over their hearts and saying, we're not going to allow our technology to be abusing. They really understand the risks. I mean, I mean do they? I think they do? They? I think they do because we've all seen this movie before and meta its reputation went through the meat grinder because social media was perverted. You know, yesterday, it's no surprise that Sam Altman's here. He spent time with us at the Bloomberg House, and before our interview, they posted a statem

Julie Norman, University College London professor, discusses Donald Trump's victory at the Iowa Caucuses. Claudia Sahm, founder of Sahm Consulting, gives her take on the Fed's approach to interest rates. Julia Coronado, MacroPolicy Perspectives President, talks about the inflation environment. Barry Ritholtz, host of the Bloomberg Masters in Business podcast, breaks down the week ahead in markets. Ken Rogoff, Harvard Professor and former IMF Chief Economist, takes a look at inflation in the face of our current geopolitical situation. Hosted by Tom Keene and Damian Sassower.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Gerard Cassidy, RBC Capital Markets Large Cap Bank Analyst, and Ken Leon, CFRA Director of Equity Research, break down Friday's 4Q bank earnings releases that included record NII for JPMorgan and disappointing results for Citi. Norman Roule, Center for Strategic & International Studies Senior Adviser, discusses the latest in the Middle East after the US and UK launched airstrikes against Houthi rebels in Yemen. Mohamed El-Erian, Bloomberg Opinion Columnist, overviews his outlook on global markets and says he expects consumer inflation to get stuck at 3%. Michael Nathanson, MoffettNathanson Sr. Research Analyst, discusses the latest in sports streaming after a strong year for NFL viewership.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Dana Peterson, The Conference Board Chief Economist, breaks down December's hotter-than-expected US consumer inflation data. Erika Najarian, UBS Large-Cap Banks & Consumer Finance Equity Research Analyst, previews Friday's bank earnings releases. Michael Collins, PGIM Fixed Income Senior Portfolio Manager, predicts the Fed will wait to cut interest rates. Norman Roule, Center for Strategic & International Studies Senior Adviser, discusses the latest in the Middle East as tensions continue to escalate. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Sheila Kahyaoglu, Jefferies Senior Equity Research Analyst, discusses the latest on Boeing and the airlines sector amid a nationwide grounding of the 737 Max 9 aircraft. Seema Shah, Principal Asset Management Chief Global Strategist, expects a positive nominal growth environment and a continued fall in inflation. Kathy Bostjancic, Nationwide Mutual Insurance Chief Economist, says a mild recession is still a possibility despite strong economic data. Matthew Bartlett, Darby Field Advisors Principal & Republican strategist, previews the final GOP debate before the Iowa Caucuses begin on Monday. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance Full Transcript:This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best an economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal and the Bloomberg Business app. Where are Boeing Aircraft made? I believe it's Renton, Washington where they were tuned into the college football game here a while back. The seven thirty seven comes out of Reton, Washington. An expert on that is Sheila Kiglu, senior equity research analyst at Jeffreys and joins us this morning. Have you been to Reton, Washington? I have. There's three production lines. The third one just opened up, so if you think about it, each one of those turns out fifteen to seventeen max's per month. The fourth one will open next year and ever at about an hour and a half away from Renton. So I want you to speak and I don't want you to talk about all your leverage finance work at JP Morgan and your wonderful work at Jefferys, your award winning work and institutional investor forget about it. Our listeners and viewers want to know where's the problem and is it easy to fix? Is it rent in Washington or is it the fuselage riveters in Kansas. I think the problem is the pandemic deteriorated their aerospace workforce not so much. And I mean the problem is in Renton, not only at the Boeing factory, but the small Tier three, Tier four suppliers around there. They're seeing strain on their workforce. The problem has been really focused over the last year in Spirit in Wichita, with three incidents either on the Max or the eight to seven involving quality issues. So there's been management changes there to address those quality issues, and I think that's really the focus item. Given we've seen small improvements in the engine manufacturers and the Tier three, this sounds absolutely shocking when I start to hear about this, At least for ask this question earlier in the week. I'd love your response to it. Are we suggesting that things are safe but not as safe as they were before the pandemic? Now in this industry, I think the industry is having a tough time recruit you know, getting back up to post pandemic levels, and you know we're manufacturing. In September, we were only manufacturing in the teens a month on these max is when we were supposed to be at thirty eight a month. So we essentially, you know, in December deliveries were forty four. Half of that was out of inventory, half of it was actual production. So we basically doubled output in three months, right, we were trying to double output. So there's a stream, given air traffic is back to one hundred percent of twenty nineteen levels, to get this aircraft production back, and it was very constrained over the last three years. You've now did demand at Boeing isn't the problem, it's deliveries. We had Ryan as Michael O'Leary sit in your seat actually at the end of last year, complaining about the delays to the seven thirty seven max getting delivered to Ryanair how Osawi to further delays and ultimately canceled orders because of what's tanking place. I'm sure he was more entertaining than me, and this seat, I will tell you that he's more entertaining than I Am, don't worry about it. You know, what we've seen is that we've seen a delivery slip. We delivered about one thousand aircraft in twenty two. That number was fifteen hundred post pandemic on the narrow body. So we've seen that happen already. But we're not going to see cancelations. We're seeing the order brook stretch out twenty eight twenty nine. Everybody wants to get in line, and even Ryanair, who's been the most outspoken against Boeing, has talked about wanting that aircraft sooner and pricing being better for them, Pricing being better for Boeing on some of the Ryan Air aircraft because they want the aircraft sooner. What's the opportunity here for Airbus? I mean, I mean just as simple and tou luise I got to play this low. It could be them. I get the whole dance. But is this a huge strategic opportunity in the United States of America for unit sales for Airbus? Not so much. I think th

Emily Roland, John Hancock Investment Management Co-Chief Investment Strategist, says the Fed's 'pivot party' over rate cuts has led to a hangover in the equity market to start the year. Brooke Sutherland, Bloomberg Opinion columnist, walks through a hectic week for Boeing and the airlines sector. Ian Bremmer, Eurasia Group founder, outlines his top ten risks in geopolitics for 2024. Nadia Martin Wiggen, Svelland Capital Director, expects a seasonal slowdown in global oil production amid low crude prices.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Subscribe to get the podcast by 6am Eastern every day. On Apple: http://bit.ly/3DWYoAN On Spotify: http://bit.ly/3jGRYiB On YouTube: bit.ly/3NMqUKlSee omnystudio.com/listener for privacy information.