Bloomberg Surveillance

Marty Walsh, U.S. Secretary of Labor, says the economy is moving forward. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the strong jobs report across all metrics will accelerate the Fed taper discussion. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, discusses outlook for equities as investors assess the jobs data, positive earnings and delta variant risks. Jerome Schneider, PIMCO Head of Short-Term Portfolio Management, sees more growth ahead for the economy.See omnystudio.com/listener for privacy information.

Randy Kroszner, University of Chicago Booth School Professor of Economics and Former Fed Governor, says inflation pressures may last about six months. Seema Shah, Principal Global Investors Chief Strategist, says it's difficult to go long bonds at current levels. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, explains why the Fed's balance sheet should continue to grow. Dr. Gigi Gronvall, Johns Hopkins Center for Health Security Senior Scholar, says don't fear the Covid-19 variants. Uber CEO Dara Khosrowshahi discusses the company’s second-quarter earnings report and outlook as Covid-19 cases rise across the U.S.See omnystudio.com/listener for privacy information.

Tom Porcelli, RBC Capital Markets Chief U.S. Economist, thinks the September FOMC meeting could be a market-moving catalyst. Tobias Levkovich, Citi Chief U.S. Equity Strategist, says he is certain we will have a recession over the next ten years. Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, says realistically the only thing that matters is the outlook for Covid and the effect that's going to have on the economy. Mary Barra, General Motors Chair & CEO, discusses the automaker’s second-quarter earnings report and outlook. David Rubenstein, The Carlyle Group Co-Founder, discusses his interview with McDonald's CEO Chris Kempczinski.See omnystudio.com/listener for privacy information.

Joe LaVorgna, Natixis CIB Chief Economist of the Americas, doesn't expect Fed tightening until the next election. Michael Holland, Holland & Co. Chairman, says it would be a fool's errand to ignore China. Anna Han, Wells Fargo Equity Strategist, says economic data continues to be in the eye of the beholder. Padhraic Garvey, ING Head of Global Debt & Rates Strategy, says Europe never really recovered from the global financial crisis as measured by monetary policy. David Ricks, Eli Lilly Chairman & CEO, says the company's forecast takes into account the reduced Covid-related drug sales as the pandemic wanes.See omnystudio.com/listener for privacy information.

Howard Ward, Gabelli Funds CIO of Growth Equities, sees several years of good earnings ahead. Leland Miller, China Beige Book CEO, says we have to watch the mini virus spikes that appear in China. Stephen Stanley, Amherst Pierpont Chief Economist, expects the Fed's first rate hike to come in June 2022. Lisa Hornby, Schroders Head of U.S. Multi-Sector Fixed Income, says yields belong higher.See omnystudio.com/listener for privacy information.

Jan Hatzius, Goldman Sachs Chief Economist, is expecting a pretty significant deceleration as we go into 2021 and 2022. Lee Ferridge, State Street Head of Macro Strategy for North America, says it is too soon to be defensive in markets. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor & Virologist, says the Delta variant's contagiousness is a cause for concern. Terry Haines, Pangaea Policy Founder, thinks the human infrastructure component of the deal in D.C. is only 30% likely to pass.See omnystudio.com/listener for privacy information.

Bill Dudley, Bloomberg Opinion Columnist and Former Federal Reserve Bank of New York President, says the treasury market is not broken, but it needs some fixing. Mike Schumacher, Wells Fargo Head of Rates & Macro Strategy, says real yields at this level are remarkably unusual. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, says labor market data is most important for the Fed and markets right now. Geoffrey Yu, BNY Mellon Senior Strategist, says China is experiencing growing pains as it integrates itself into broader financial markets. Representative Dan Kildee, Democrat from Michigan, says the U.S. is due for a much bigger bill later on if we don't fix infrastructure now.See omnystudio.com/listener for privacy information.

Nouriel Roubini, Roubini Macro Associates CEO and TheBoomBust.com Co-CEO, says a stagflationary debt crisis is on the way. Joseph Stiglitz, Nobel Laureate & Columbia University Prof of Economics, says the fiscal stimulus is what is keeping our economy strong. Robert Doll, Crossmark Global Chief Investment Officer, expects earnings growth to decelerate. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicine, says to get vaccinated, but to act unvaccinated. David Rubenstein, Host of Peer-To-Peer Conversations & Carlyle Group Co-Chairman and Co-Founder, discusses his interview with Shondaland CEO Shonda Rhimes.See omnystudio.com/listener for privacy information.

Representative Kevin Brady, Republican from Texas and House Ways & Means Committee Ranking Chair, thinks giving full approval to vaccines would help with vaccine acceptance in the U.S. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says vaccine mandates are justified. Julian Emanuel, BTIG Equity and Derivatives Strategist, says that price action tells all, but it has been contradictory. Will Power, Baird Senior Research Analyst, says China is always a big wild card for tech companies. Ian Lyngen, BMO Capital Markets Head of U.S. Rates Strategy, says the Fed needs to remain accommodative.See omnystudio.com/listener for privacy information.

Paul Romer, NYU Professor, Nobel Laureate & Former World Bank Chief Economist, says big tech firms are "causing the problems we're seeing with vaccine hesitancy" and expects a regulatory response from the U.S. government. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says this week will be pivotal in determining tech's resiliency. Dr. Lloyd Minor, Stanford University School of Medicine Dean, says vaccine hesitancy is coming down. Michael Kushma, Morgan Stanley CIO of Global Fixed Income, says the Fed must commit to trying to raise inflation.See omnystudio.com/listener for privacy information.

Ed Hyman, Evercore ISI Chairman, says retail pricing power is at the most ever. Peter Hotez, National School of Tropical Medicine at Baylor College Dean of Medicine, says an anti-science mindset is killing Americans. John Vail, Nikko Asset Management Chief Global Strategist, says we might see a surprise out of the Fed. Mickey Levy, Berenberg Capital Markets Chief Economist US, Americas & Asia, says we don't need fiscal stimulus for more growth.See omnystudio.com/listener for privacy information.

James Athey, Aberdeen Standard Investments Senior Investment Manager, says the ECB is stuck in a trap of its own creation. Julia Coronado, MacroPolicy Perspectives President & Founder, expects Fed Chair Powell to lay the groundwork for markets to expect a withdrawal of some liquidity support. Dennis Kucinich, Former Ohio Congressman and Former Presidential Candidate, talks about his book, “The Division of Light and Power,” including the chapter he found hardest to write. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says children are at a low risk of serious illness and can safely return to school.See omnystudio.com/listener for privacy information.

Eric Freedman, U.S. Bank Asset Management Chief Investment Officer, says he is still sticking with a growth mentality. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicine, says vaccines should not be a political issue. Michael Nathanson, MoffettNathanson Senior Research Analyst, says we need to see more consolidation in streaming. Sen. Bill Hagerty, (R) Tennessee, says we must lead by example on vaccines. Thomas Costerg, Pictet Wealth Management Senior U.S. Economist, expects the U.S. consumer to stay resilient.See omnystudio.com/listener for privacy information.

Brad Stone, Bloomberg Global Technology Senior Executive Editor and Author of "Amazon Unbound: Jeff Bezos and the Invention of a Global Empire," discusses Jeff Bezos and what's driving his space ambitions. Janet Kavandi, Sierra Space Executive Vice President and Former Director of NASA's Glenn Research Center, discusses the new era of human space flight. Danielle Wood, MIT Media Lab Director of the Space Enabled Research Group, discusses how space technology can be used to help society. Chad Anderson, Space Capital Managing Partner, sees a massive market opportunity in space investing.See omnystudio.com/listener for privacy information.

Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, warns of a global slowdown that could end up in recession. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the bond market is in limbo. Barry Ritholtz, Bloomberg Opinion Columnist, says the investors betting against bonds have been on the losing side for almost 40 years. Johns Hopkins Bloomberg School of Public Health Vice Dean Joshua Sharfstein discusses combating medical misinformation on social media and outreach efforts to the unvaccinated.See omnystudio.com/listener for privacy information.

Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, expects a potential pleasant surprise in second-quarter earnings. Robert Tipp, PGIM Chief Investment Strategist and Head of Global Bonds, says 2021 will be a transition year for rates. David Page, AXA Investment Managers Head of Macro Research, says the economy is sending mixed messages. Jonathan Miller, Miller Samuel President and CEO, discusses trends in U.S. real estate as cities reopen.See omnystudio.com/listener for privacy information.

Federal Reserve Bank of St. Louis President James Bullard says the central bank is in a situation where it can start to taper its bond-buying purchases. Michael Feroli, JPMorgan Chief U.S. Economist, says secular stagnation will come back in 3 to 5 years. PGIM CEO David Hunt discusses the labor market’s impact on the Federal Reserve and inflation, holding cash in the current market, and why risk assets are attractive. Alison Williams, Bloomberg Intelligence Senior Banks Analyst, discusses key takeaways from bank earnings season.See omnystudio.com/listener for privacy information.

Marriott International CEO Anthony Capuano discusses lessons learned from the pandemic, the competition for workers, expansion plans in China, and global demand for travel. Ken Leon, CFRA Global Director of Equity Research, says a more conservative consumer is the big story to watch in the next quarter for banks. David George, Robert W. Baird Senior Research Analyst for U.S. Banks, says the banking industry is in good shape. Steven Major, HSBC Global Head of Fixed Income Research, explains why he believes markets have seen the peak in yields.See omnystudio.com/listener for privacy information.

Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy amd Large Cap Bank Analyst, examines second-quarter results from JPMorgan. Anastasia Amoroso, iCapital Network Chief Investment Strategist, says there are more catalysts to come for the banking sector. Stephen Biggar, Argus Research Director of Financial Institutions Research, sees loan growth improving for banks. PepsiCo Vice Chairman and CFO Hugh Johnston discusses the company's fastest sales growth in a decade.See omnystudio.com/listener for privacy information.

Michelle Meyer, BofA Securities Head of U.S. Economics, sees the U.S. economy continuing to grow well above trend after the expected peak in the second quarter. Troy Gayeski, SkyBridge Partner and Senior Portfolio Manager, says value plays still have legs. Vincent Reinhart, Mellon Chief Economist and Macro Strategist, says needs to walk a fine line in his testimony to Congress this week. Dr. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, discusses risks around the Covid-19 delta variant and the urgency to vaccinate more people.See omnystudio.com/listener for privacy information.

Bloomberg Opinion Columnist and Former New York Fed President William Dudley discusses the outlook for the labor market and Fed monetary policy. David Riley, BlueBay Asset Management Chief Investment Strategist, says the market is underpricing the Fed. Danny Blanchflower, Dartmouth College Professor of Economics, says Biden's competition executive order is kind of a primal scream to redress the balance of power between workers and firms. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor and Virologist, discusses the severity of the delta variant and the prospect of a Covid vaccine booster.See omnystudio.com/listener for privacy information.

Eric Adams, Democratic Nominee for NYC Mayor & Brooklyn Borough President, lays out his vision for New York City and discusses policing and public safety. Pete Buttigieg, U.S. Secretary of Transportation, says the Biden administration is not yet ready to lift restrictions on international travel to the U.S. Rob Carnell, ING Head of Research & Chief Economist, Asia-Pacific, says the ECB's inflation goal of 2% gets rid of a lack of certainty over its mandate. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist says fundamentals are unbelievably strong and long-term, it's a growth story. Katerina Simonetti, Morgan Stanley Private Wealth Management Senior VP, says there is no reason to exit the markets.See omnystudio.com/listener for privacy information.

Abby Joseph Cohen, Goldman Sachs Senior Investment Strategist, sees the market as "roughly at fair value." Frederic Mishkin, Columbia University Graduate School of Arts & Sciences Professor of Banking & Financial Institutions, says monetary policy may be behind the curve because inflation won't be as temporary as the Fed thinks. Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says the market are telling us that we are past the peak. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicin. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicine, discusses the safest practices for the Tokyo Olympics.See omnystudio.com/listener for privacy information.

Richard Haass, Council on Foreign Relations President & Author, "The World: A Brief Introduction", says he is most worried about a divided America. Chris Grisanti, MAI Capital Chief Equity Strategist & Senior Portfolio Manager, says the confrontation over tech in China is a big concern. Ben Laidler, eToro Global Markets Strategist, says the growth story still has further to go. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says wage pressures are starting to build. Doug Kass, Seabreeze Partners President details the bearish factors threatening the market, factors that he says most investors are missing.See omnystudio.com/listener for privacy information.

Marty Walsh, U.S. Secretary of Labor, reacts to the U.S. June jobs report. Priya Misra, TD Securities Global Head of Rates Strategy, says the bond market is running with a more hawkish reaction function from the Fed. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says continued good news about reopening is raising expectations that the Fed is going to raise rates. Tiffany Wilding, PIMCO Chief U.S. Economist, says an uneven economic recovery is happening in the U.S.See omnystudio.com/listener for privacy information.

Ed Yardeni, Yardeni Research President, says tapering is coming and the bond market will be somewhat freer for it. Constance Hunter, KPMG Chief Economist, says vaccine hesitancy and child care are the things holding people back from the labor force. Joe LaVorgna, Natixis CIB Chief Economist of the Americas, says the Fed is stuck in a box. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, says to expect a super holiday season from U.S. consumers.See omnystudio.com/listener for privacy information.

Jared Woodard, Bank of America Research Investment Committee Head, says the fear of over-positioning is misplaced. Vishy Tirupattur, Morgan Stanley Head of Fixed Income Research, says credit valuations have gotten so tight that there is not a lot of buffer for any change in the Fed's response function. Seema Shah, Principal Global Investments Chief Strategist, says this is the time to invest by looking at individual sectors. Rep. Andy Barr, (R) Kentucky & House Financial Services Member, says inflation is real and it's a crisis.See omnystudio.com/listener for privacy information.

Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, looks ahead to what he thinks could be a perplexing jobs report. Mona Mahajan, Allianz Global Investors Senior U.S. Investment Strategist, says to expect more interest to come in the tech trade. Kona Haque, ED&F Man Head of Research, says oil demand can spike higher. David George, Robert W. Baird Senior Bank Analyst, expects very significant capital return out of the financial services industry over the next couple of years.See omnystudio.com/listener for privacy information.

Mario Gabelli, Gabelli Funds Chairman & CEO, discusses his equity picks and outlook including batteries in the next 3-4 years as he sees great potential in the sector. Lori Calvasina, RBC Capital Markets U.S. Equity Strategy Head, says there is still a lot of valuation runway. Bill Hoagland, Bipartisan Policy Center Senior Vice President & Former Director of the Budget & Appropriations Office of Senate Majority Leader Bill Frist, says he still believes that deficits and debt matter. Matt Brill, Invesco Head of U.S. Investment Grade & Senior Portfolio Manager, discusses the fundamentals at play in the corporate bond marketSee omnystudio.com/listener for privacy information.

Jennifer Granholm, U.S. Secretary of Energy, says any sale from the strategic petroleum reserve to pay for infrastructure plans would be limited. Representative French Hill, Republican Congressman Arkansas, says the infrastructure deal is not dead on arrival. Mike Mayo, Wells Fargo Securities U.S. Large Cap Bank Research Managing Director, says boring stress tests are beautiful for banks. Torsten Slok, Apollo Global Management Chief Economist, says the economic trend is shifting from goods to services.See omnystudio.com/listener for privacy information.

Bill Dudley, Bloomberg Opinion Columnist & Former Federal Reserve Bank of New York President, says not to put to much weight on what one individual Fed president says. Danny Blanchflower, Dartmouth Professor of Economics and former BOE Monetary Policy Committee Member, says the Fed and the Bank of England have been struggling in the dark. Luke Kawa, UBS Asset Management Asset Allocation Strategist, expects an attractive dip in the markets to buy in the coming weeks. Terry Haines, Pangaea Policy Founder, says there is about a 75% chance congress reaches a deal on infrastructure.See omnystudio.com/listener for privacy information.

Gary Gensler, Securities and Exchange Commission Chair, says he wants the agency to consider ways to boost transparency in equities markets. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says this bull market is not over. James Sweeney, Credit Suisse Chief Economist, says we need to stop talking about temporary inflation. Dan Kurtz-Phelan, Foreign Affairs Editor, discusses the future of U.S.-China relations.See omnystudio.com/listener for privacy information.

John Williams, Federal Reserve Bank New York President, says the Fed's taper timing will be driven by data. Francisco Blanch, BofA Securities Head of Global Commodities & Derivatives Research, says Bitcoin is inversely correlated with gold. Binky Chadha, Deutsche Bank Chief Global Strategist, says he is long banks, financials and energy. Anna Han, Wells Fargo Equity Strategist, says equities can move higher even as rates are moving higher.See omnystudio.com/listener for privacy information.

Tony Crescenzi, PIMCO Market Strategist, Portfolio Manager & Member of the Investment Committee, says the Fed "got spooked" on the hype over inflation. Gerard Cassidy, RBC Capital Markets Managing Director & Head of U.S. Bank Equity Strategy, says this pullback is a great opportunity for investors to buy bank stocks. Ben Emons, Medley Global Advisors MD of Global Macro Strategy, says an upside economic surprise may normalize rates. Jane Foley, Rabobank Head of FX Strategy, says we may see more hawkish central banks from here.See omnystudio.com/listener for privacy information.

Venezuela President Nicolas Maduro tells Bloomberg's Erik Schatzker that he hasn't yet seen a single positive sign from the Biden administration. Jay Bryson, Wells Fargo Chief Economist, says we are probably at peak growth right now. Wei Li, BlackRock Global Chief Investment Strategist, expects the Fed's rate path to be slower this cycle. Representative Sean Casten, Democrat from Illinois, says we cannot forget about the importance of climate infrastructure in bipartisan talks. Brian Kelly, The Points Guy Founder & CEO, says business travel is picking up much more than anticipated.See omnystudio.com/listener for privacy information.

Brian Moynihan, Bank of America Chairman & CEO, says customers, especially small businesses, are struggling with a tightening labor market. David Rosenberg, Rosenberg Research Founder & Chief Economist, says inflation will come back down more than people expect. Alan Ruskin, Deutsche Bank Chief International Strategist, says the Fed has finally recognized the importance of the inflation side of its dual mandate. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, discusses his street-high 4,600 year-end S&P 500 target. Eric Adams, New York City Mayoral Candidate, says education is not just K-12.See omnystudio.com/listener for privacy information.

Jan Hatzius, Goldman Sachs Chief Economist, expects economic growth to be substantially slower in 2022. William Pomeranz, Kennan Institute Deputy Director, says Russia's President Vladimir Putin is not interested in joining the global order. Brian Levitt, Invesco Global Market Strategist, says the economy is moving from a recovery to an expansion phase. Shaun Donovan, New York City Mayoral Election Candidate, says the new ranked voting system has helped shift discussion from politics to plans.See omnystudio.com/listener for privacy information.

John Taft, Baird Vice Chairman, says SEC Chairman Gary Gensler is prepared to take on some of the recent troubling issues around retail trading. Sarah Hunt, Alpine Woods Capital Portfolio Manager, says this has been a Fed-driven market. Michael Holland, Holland & Company Chairman, says it makes sense to be holding some cash right now. Joseph Song, Bank of America Senior U.S. Economist, still sees strength in the U.S. consumer.See omnystudio.com/listener for privacy information.

Robert Hormats, Tiedemann Advisors Managing Director, says the U.S. must improve its cyber defenses. Brian Nick, Nuveen Chief Investment Strategist, says markets and the economy overall are starting to just meet expectations, as opposed to beating them. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says we are still weeks away from an infrastructure deal. Mike Darda, MKM Partners Chief Economist and Macro Strategist, says we are in a boom and growth will continue to be strong. Scott Stringer, New York City Mayoral Candidate, addresses sexual misconduct accusations.See omnystudio.com/listener for privacy information.

William Lee, Milken Institute Chief Economist, says the G-7 using corporate taxes to fund government spending is a real political wild card. James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor, Former Supreme Allied Commander at NATO & Author of "2034: A Novel of the Next World War," says it okay that there is nothing new in New Atlantic Charter. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the Fed has more room to sound hawkish. Joseph Amato, Neuberger Berman President & Chief Investment Officer of Equities, says the global growth recovery is clearly in full swing.See omnystudio.com/listener for privacy information.

Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says the Fed has the tools to deal with inflation. Katrina Dudley, Franklin Mutual Series Portfolio Manager, says the ECB is watching the recovery steps taken by the Fed. Geoff Yu, BNY Mellon Senior Strategist, says the bond market wants to know which type of inflation the Fed is targeting. Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says a lot of the inflation we're seeing is transitory, but some of it is permanent.See omnystudio.com/listener for privacy information.

Ian Bremmer, Eurasia Group President & GZero Media President, says the G-7 global tax plan will take years to ratify, if it ever gets done. Luigi Zingales, University of Chicago Booth School Finance Professor, says there is the long-term risk for conflict between the U.S. and the EU over China policy. Stuart Kaiser, UBS Head of Equity Derivatives Research, says it is hard to ignore the cadence of inflation. Claudia Sahm, Jain Family Institute Sr Fellow and Former Federal Reserve Economist, says the Fed is on the right track. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says wage inflation is much more concerning than commodity inflation.See omnystudio.com/listener for privacy information.

David Malpass, World Bank President, discusses the organization's forecast for the strongest post-recession global growth in 80 years. Sarah House, Wells Fargo Corporate & Investment Bank Senior Economist, still sees a boom economy. David Bianco, DWS Americas CIO, says equity markets are optimistic about not just a sustained recovery, but a long-lasting expansion. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, discusses the impact of Covid-19 variants in the U.S. and the role that nutrition and obesity play in the severity of Covid cases.See omnystudio.com/listener for privacy information.

Mathias Cormann, OECD Secretary-General, says a 15% global minimum corporate tax rate would be a “very significant step forward." Troy Gayeski, Skybridge Partner & Senior Portfolio Manager, says we're still in a bull market for Bitcoin. Bruce Kasman, JPMorgan Chief Economist & Head of Global Economic Research, says the current inflation spike is temporary. Nicholas Bloom, Stanford Professor & NBER Co-Director of the Productivity, Innovation and Entrepreneurship Program, says a hybrid work-from-home model seems best for productivity.See omnystudio.com/listener for privacy information.

Marty Walsh, U.S. Labor Secretary, reacts to the U.S. employment report. Randall Kroszner, University of Chicago Professor & Former Federal Reserve Board of Governors, says wage pressure is the key labor metric to watch. David Jones, Bank of America Securities Global Investment Strategist, says the Fed wants to see the whites of the eyes of inflation before they make their move. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, thinks higher wage expectations could make transitory inflation more permanent.See omnystudio.com/listener for privacy information.

William Dudley, Former Federal Reserve Bank of New York President and Bloomberg Opinion Columnist, says the Fed is happy with rising inflation expectations. Glenn Hubbard, Columbia Professor of Economics & Former Chairman of the Council of Economic Advisers, longer-term persistent inflation needs to be watched more closely. Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, says meme stock "rocket ships eventually go back to their launch pads." Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says pragmatism is needed for vaccine passports.See omnystudio.com/listener for privacy information.

Daniel Yergin, IHS Markit Vice Chairman, says we are in the post-pandemic economy right now. Doug Kass, Seabreeze Partners President says, “I think we’re making an important top,” detailing why he thinks upside reward is dwarfed by downside risk. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says inflation is real vulnerability for Joe Biden's presidency. Lara Rhame, FS Investments Chief U.S. Economist, says 2022 will be the year of deceleration.See omnystudio.com/listener for privacy information.

Edward Yardeni, Yardeni Research President, says the bond vigilantes are back. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, discusses market multiples and sectors of the market that he thinks are attractive. Jeanine Wai, Barclays Capital Senior Analyst, says the supply response to higher oil prices has been very muted. Thomas Costerg, Pictet Wealth Management Senior U.S. Economist, says there is still a degree of caution in the U.S. economy. Robert Hormats, Tiedemann Advisors Management Director, says the Biden administration has a very good understanding of China.See omnystudio.com/listener for privacy information.

Bharat Ramamurti, White House National Economic Council Deputy Director, says President Biden's budget is fiscally responsible. Ed Morse, Citi Research Global Head of Commodities, sees continued reliance on fossil fuels for at least the next 10-15 years. Stephen Stanley, Amherst Pierpont Chief Economist, says the reaction to inflation expectations could be unpredictable, despite the Fed's confidence. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor & Virologist, says it is critically important to find the origin of the Covid-19 virus.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, is not sure fixed income markets should believe the Fed's dovish tone. Peter Tchir, Academy Securities Head of Macro Strategy, says the market is downplaying the inflation potential. Rubeela Farooqi, High Frequency Economics Chief U.S. Economist, expects deceleration in the second half of the year as fiscal measures expire. Representative French Hill, Republican from Arkansas, does not believe the current level of government spending is sustainable.See omnystudio.com/listener for privacy information.