Bloomberg Surveillance

Chris Marinac of Janney Montgomery Scott says First Republic Bank was caught in the 'friendly fire' from the collapse of Silicon Valley Bank. Kathy Jones, Chief Fixed Income Strategist at Charles Schwab says "it's hard to divorce the Fed's actions from what's happening in the banking sector". Mayra Rodriguez Valladares, Managing Principal at MRV Associates, does not agree with JPMorgan CEO Jamie Dimon's assessment that we're 'getting near the end of it' on bank failures. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, says "it's remarkable the resilience we've seen" in the banking sector. Joe LaVorgna, Chief Economist at SMBC Group, says "it was Fed policy itself that caused this crisis." 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.

Seema Shah, Chief Global Strategist at Principal Asset Management says "stagflation by far is the worst case scenario." Phil Orlando, Chief Equity Market Strategist at Federated Hermes says they're "expecting negative GDP prints in the third and fourth quarter of this year." Doug Kass, Seabreeze Partners President reveals why, just this week, he moved back into a net short position, drawing witty parallels between the market and the New York Yankees. Bob Sulentic, President & CEO of CBRE says there will be some antiquated office buildings that can't be converted to residential. Jurrien Timmer, Global Macro Director at Fidelity Investments discusses next week's Fed rate decision and the ongoing battle with inflation. 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.

Lindsey Piegza, Stifel Chief Economist, says the US is losing momentum, but is still resilient following the latest GDP print. Michael Nathanson, SVB MoffettNathanson Senior Research Analyst, says Meta is a $300 stock. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, expects the market will end the year higher than 4,200. Bob Doll, Crossmark Global Investments CIO, says a slowdown is still upon us. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst, says the "monetary policy to stimulate the economy right now obviously is not there because [the Fed] has to fight inflation." 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.

Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says "basically every traditional leading indicator of recession is flashing red." Peter Tchir, Academy Securities Head of Macro Strategy, says we're in a slow bleed into recession. Christopher Marinac, Janney Montgomery Scott Director of Research, says First Republic needs "a solution and they need one very quickly." Rep. French Hill, (R) Arkansas, discusses McCarthy's debt limit bill. Timothy Horan, Oppenheimer Senior Analyst, discusses Microsoft earnings and says the company is taking the lead on AI. 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.

Henrietta Treyz, Veda Partners Economic Policy Research Director, discusses President Joe Biden's 2024 reelection bid. Charles Kantor, Neuberger Berman Long Short Fund and Large Cap Growth Fund Senior Portfolio Manager, says Microsoft, Google, Amazon and Meta are all well positioned to win when it comes to AI. Christopher Marinac, Janney Montgomery Scott Director of Research, discusses First Republic earnings. Rishi Jaluria, RBC Capital Markets Software Equity Analyst, previews Microsoft earnings. Paul Jacobson, General Motors CFO, says GM won't resort to layoffs to cut costs. 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.

Jens Nordvig, Exante Data Founder & CEO and MarketReader Founder & CEO says the combination of "too high inflation and growth that's actually getting better means it's very, very hard for the ECB to relax." Margie Patel, Allspring Global Investments Sr. Portfolio Manager, still likes the tech sector. Dana Peterson, The Conference Board Chief Economist, expects between 1.5-2% growth on the month in the US. Richard Greenfield, Lightshed Partners Media and Technology Analyst and Partner, discusses upcoming tech earnings. 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.

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 preparing "at worst, for the beginning of a recession or at best, for a softening of the economy." Daniel Tannebaum, Oliver Wyman Global Anti-Financial Crime Practice Leader & Atlantic Council Senior Fellow, discuss Biden's plans to limit investment in China. 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.

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 political risk of investing in China increasing. Jonathan Gray, Blackstone President & COO, discusses the firm's first-quarter performance. 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.

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 newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillanceSee omnystudio.com/listener for privacy information.

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 Economist and Managing Director, says China's 1Q GDP print is an "abysmal result." 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.

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 Head of Investments, expects earnings to go down - probably between 7-10%. Julie Norman, UCL Centre on US Politics Co-Director, says different interests are at play in regards to China. 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.

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 cycle is extremely important for major emerging markets. Erik Nielsen, UniCredit Group Chief Economics Advisor, says economic policy is not in the drivers seat anymore. 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.

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 Professor of Finance, Former IMF Chief Economist & Former Reserve Bank of India Governor, says longer-term growth "doesn't look good." See omnystudio.com/listener for privacy information.

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 President and CEO & former Under Secretary of Treasury for International Affairs, says this isn't a banking crisis. Mark Kimmitt, former US Assistant Secretary of State for Political-Military Affairs & Retired Brigadier General, discusses the leak of classified documents. 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.

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 Bolton, Former National Security Adviser & Former US Ambassador to the United Nations, discusses the leak of classified Pentagon documents. 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.

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 off the table. 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.

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.

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, Markets 360 says there's some progress on the inflation fight. See omnystudio.com/listener for privacy information.

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. Michael Zeldin, Former Federal Prosecutor, discusses Donald Trump's legal troubles.See omnystudio.com/listener for privacy information.

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, discusses Finland joining NATO and the indictment of former US President Donald Trump. Stephen Pagliuca, Bain Capital Senior Advisor, discusses Bloomberg's 'Brackets for a Cause' as well as the private credit market following SVB's collapse. See omnystudio.com/listener for privacy information.

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're not "anywhere near there yet." See omnystudio.com/listener for privacy information.

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 for the Fed's liking. Daniel Ives, Wedbush Senior Equity Analyst, says there is another 10-15% upside in tech.See omnystudio.com/listener for privacy information.

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 and also why he moved into a market neutral position, this morning. See omnystudio.com/listener for privacy information.

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, "The David Rubenstein Show: Peer-to-Peer Conversations" Host and Carlyle Group Co-Chairman & Co-Founder, says the banking system is in "reasonably good shape." See omnystudio.com/listener for privacy information.

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, discusses Alibaba's plans to split its $220 billion empire into six units. See omnystudio.com/listener for privacy information.

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 is not like a normal banking crisis. Adam Posen, Peterson Institute President, says we need a new trade policy in the US. See omnystudio.com/listener for privacy information.

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/listener for privacy information.

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 TikTok hearing by the House of Representatives' Energy and Commerce Committee. See omnystudio.com/listener for privacy information.

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.

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.

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. David Malpass, World Bank President, says a global recession is not off the table. See omnystudio.com/listener for privacy information.

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 Strategist, says the Fed shouldn't raise rates Wednesday. See omnystudio.com/listener for privacy information.

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." Michael Arougheti, Ares Management Corporation Co-Founder, CEO and President, says the Fed is doing everything supposed to in order to provide confidence. See omnystudio.com/listener for privacy information.

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 strategist at Danske Bank Seema Shah, Principal Asset Management chief global strategist Greg Peters, PGIM Fixed Income co-chief investment officer Steve Pagliuca, Bain Capital Private Equity senior advisor Hosted by Jonathan Ferro and Lisa AbramowiczSee omnystudio.com/listener for privacy information.

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 global economy See omnystudio.com/listener for privacy information.

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 Research Head of US Economic Research, says the biggest risk of a hard landing is if the Fed follows the market pricing of interest rates. See omnystudio.com/listener for privacy information.

Nouriel Roubini, Roubini Macro Associates CEO & Author of "Megathreats", says Credit Suisse "might be too big to fail, but also too big to be saved." Peter Tchir, Academy Securities Head of Macro Strategy, says the ECB needs to put enough "firewalls" in place to help Credit Suisse. Ken Leon, CFRA Director of Equity Research, says there might be counterparty risk for some of the US banks in regards to Credit Suisse. David Rubenstein, "The David Rubenstein Show: Peer-to-Peer Conversations" Host and Carlyle Group Co-Chairman & Co-Founder, says there is a lot of Middle East interest in Credit Suisse. Lisa Shalett, Morgan Stanley Wealth Management CIO, says the Fed, ECB need to continue on their tightening campaign. See omnystudio.com/listener for privacy information.

Ulrich Koerner, Credit Suisse CEO, said the bank had seen client inflows on Monday amid the collapse of Silicon Valley Bank. Magnus Billing, Alecta CEO, says its $2.1 billion bet on three niche US banks was “a big failure.” Ethan Harris, BofA Securities Head of Global Economic Research, says we are experiencing a "stress event" in an otherwise "strong" financial system. Rep. French Hill, (R) Arkansas, says the banking system is safe & sound. David George, Baird Senior Research Analyst, says SVB was "essentially a levered PE fund." See omnystudio.com/listener for privacy information.

Tom Michaud, KBW CEO, says we need a government support mechanism to make things orderly following SVB's collapse.Subadra Rajappa, Societe Generale Head of US Rates Strategy, says she wouldn't be surprised if we see another leg higher in yields if we start to price in more hikes. Michael J. Wolf, Activate Founder & CEO, says it was a "dark weekend" for startups and venture capital firms. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says as soon as there is a problem with one bank, "fear is real." See omnystudio.com/listener for privacy information.

Marty Walsh, US Labor Secretary, discusses the US February payrolls report. Randy Kroszner, University of Chicago Booth School Professor of Economics & Former Fed Governor, says the US labor market is still pretty hot. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says financial conditions aren't tightening enough. Mike Mayo, Wells Fargo Senior Equity Analyst, discusses US banks amid SVB turmoil. Gerard Cassidy, RBC Capital Markets Head of US Bank Equity Strategy, says "this is not an '08,'09 or even a 1990 moment." See omnystudio.com/listener for privacy information.

Nela Richardson, ADP Chief Economist, says the labor market is still very tight. Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says we still need to be positioned for decelerating growth and weaker than expected earnings. Christian Mueller-Glissmann, Goldman Sachs Managing Director for Portfolio Strategy, says the global economy is accelerating. Henrietta Treyz, Veda Partners Managing Partner & Director of Economic Research, discusses Biden's budget proposal. Bill Browder, Hermitage Capital Management CEO, Global Magnitsky Justice Campaign Head & Author of "Freezing Order," discusses the war in Ukraine. See omnystudio.com/listener for privacy information.

Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says the focus on the Fed month-to-month can be distracting. Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, says "the risk of a hard landing does go up" if the Fed considers re-accelerating to 50 basis points. Alicia Levine, BNY Mellon Wealth Management Head of Equities & Capital Markets Advisory, says Powell is sticking to the Volcker playbook. Diane Swonk, KPMG Chief Economist, says it's important that Powell laid out how data dependent the Fed is. See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief US Equity Strategist and CIO, sees as much as 20% downside for tech, meme stocks. Dana Peterson, The Conference Board Chief Economist, says the Fed does not want to cause alarm. Iain Stealey, JPMorgan Asset Management International CIO for Fixed Income, says the ECB still has an inflation problem. Lupin Rahman, PIMCO Head of EM Sovereign Credit & Portfolio Manager, says EM is extremely diversified right now.See omnystudio.com/listener for privacy information.

Christian Horner, Red Bull Racing F1 Team Principal, discusses Formula One's growth in the US and Red Bull's win at the opening race in Bahrain. Jim Bianco, Bianco Research President, says the China reopening trade may be "overdone." David Lebovitz, JPMorgan Asset Management Global Market Strategist, says any possible US downturn won't be as severe as the recession of 2008. Ellen Wald, Atlantic Council Senior Fellow and "Saudi Inc." Author, says we're headed towards a period of tightness in the oil market.See omnystudio.com/listener for privacy information.

Jerome Schneider, PIMCO Head of Short Term Portfolio Management, says cash is back, bonds are back. Lindsey Piegza, Stifel Chief Economist, says we could see a 6% Fed funds rate. Kathryn Kaminski, AlphaSimplex Chief Research Strategist, expects a steepening of the curve if the stock market "wins." Thierry Wizman, Macquarie Global Interest Rates and Currencies Strategist, says Europe's economy is stronger than the US. See omnystudio.com/listener for privacy information.

Padhraic Garvey, ING Financial Head of Global Debt & Rates, says the way the Fed is pursuing policy here is smart. Carl Riccadonna, BNP Paribas Markets 360 Chief US Economist, sees persistent inflation everywhere. Priya Misra, TD Securities Head of Global Rates Strategy, says the Fed is committed to 2% inflation. Dan Ives, Wedbush Senior Equity Analyst, discusses Tesla following investor day. See omnystudio.com/listener for privacy information.

Carl Weinberg, High Frequency Economics Chief Economist, says we still have more price increases to go, but this is not the spiraling inflation of the 70s. Mona Mahajan, Edward Jones Senior Investment Strategist, says the trade into more cyclical parts of the market "probably happened too fast, too soon" this year. Mike Schumacher, Wells Fargo Global Head of Macro Strategy, says it's tough to fade the ECB, euro right now. Devin Ryan, JMP Securities Senior Research Analyst, discusses Goldman Sachs following investor day. See omnystudio.com/listener for privacy information.

Wei Li, BlackRock Global Chief Investment Strategist, says equity markets are not appreciating the macro challenges ahead. David Page, AXA Investment Managers Head of Macro Research, thinks we could see an asynchronistic recession. Saira Malik, Nuveen Chief Investment Officer, explains why she thinks emerging markets look attractive. Ken Leon, CFRA Director of Equity Research, doesn't expect Goldman Sachs to be making any big acquisitions. See omnystudio.com/listener for privacy information.

Rob Arnott, Research Affiliates Chairman, explains why he likes international value stocks. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, says we are moving closer to stagflation. Jay Bryson, Wells Fargo Chief Economist, thinks it is all about the Fed for the foreseeable future. Libby Cantrill, PIMCO Public Policy Director, discusses the current state of US-China relationship. See omnystudio.com/listener for privacy information.

Yuriy Sak, Advisor to Ukraine Defense Minister, says Ukraine is fighting a smarter war. Alina Polyakova, Center for European Policy Analysis President & CEO and Johns Hopkins School of advanced International Studies Professor, thinks the war in Ukraine could end this year. Subadra Rajappa, Societe Generale Head of US Rates Strategy, thinks the Fed is near the end of their rate hike cycle and that yields will eventually have to go lower. Max Kettner, HSBC Chief Multi Asset Strategist, says US equities are in a tough spot. Mickey Levy, Berenberg Capital Markets Senior Economist and Visiting Scholar at Stanford University’s Hoover Institution, says the Fed should hike 50 basis points at the next meeting. See omnystudio.com/listener for privacy information.