Bloomberg Surveillance

Carmen Reinhart, Harvard Kennedy School Professor of the International Finance System, says the coronavirus, Saudi-Russia oil war, and risk of debt defaults have created a perfect storm for emerging markets. Mohamed Younis, Gallup Editor in Chief, reports that 52% of working Americans say their financial situation has already been affected by the coronavirus. Oliver Chen, Cowen Senior Equity Research Analyst, says the speed and viability of consumer spending post-crisis will be challenging. Shahab Jalinoos Credit Suisse Head of FX and Macro Trading Strategy, expects dollar strength to be relatively short-term. Julia Coronado, MacroPolicy Perspectives Founder & President, says the effectiveness of U.S. fiscal stimulus measures will determine if businesses can stay open and restart operations.See omnystudio.com/listener for privacy information.

Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, expects to see the steepest decline in global oil consumption before the summer. James Bullard, Federal Reserve Bank of St. Louis President, says the Fed has capacity to carry 10% more debt. Bruce Kasman, JPMorgan Chief Economist and Managing Director of Global Research, says he wouldn't be surprised to see more Fed action. Richard Haass, Council on Foreign Relations President, says the United States will become less dependent on single supply sources in the future as a result of the coronavirus. Sebastien Galy, Nordea Bank Senior Macro Strategist, believes the Fed will continue to surprise and adapt to this brutal situation.See omnystudio.com/listener for privacy information.

Catherine Mann, Citi Global Chief Economist, says there will be no second half rebound in 2020 if businesses that do not borrow bonds go bankrupt. Robert Kaplan, Federal Reserve Bank of Dallas President, sees a substantial contraction in the second quarter, but says the economy will get stronger heading into 2021. Raphael Bostic, Federal Reserve Bank of Atlanta President, says the economy may rebound quite robustly once the public health crisis is under control. Darrell Cronk, Wells Fargo Wealth & Investment Management CIO, says it is still a good idea to remain defensive on stocks. Dr. Krutika Kuppalli, Johns Hopkins Center for Health Security Fellow and Infectious Disease Physician, says there will be a resurgence in the number of coronavirus cases if businesses open too soon.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says the economy should be held in suspended animation until coronavirus is under control. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says this is just the beginning of jobless claims being elevated. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says the Senate's $2 trillion stimulus package is extraordinary but the cause of the coronavirus pandemic must still be dealt with. Karen G. Mills, Former Head of the U.S. Small Business Administration, estimates more than half of the 3.3 million U.S. jobs lost were from small businesses.See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, believes we are entering a steep recession with tremendous policy response to follow. Raghuram Rajan, University of Chicago Booth School of Business Professor and former RBI Governor, discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. Carl Weinberg, High Frequency Economics Founder & Chief Economist, says we don't know the state of the economy of any major country in the world right now. Pavlina Tcherneva, Bard College Associate Professor of Economics, says the U.S. fiscal stimulus plan's focus on income support is the right thing to do. Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says state fiscal relief is an essential missing part of congress's coronavirus stimulus package.See omnystudio.com/listener for privacy information.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so far. Bob Crandall, Former AMR Corp. President, CEO & Chairman, says the government needs to make a public investment in the airline industry in order to keep it functional. Leland Miller, China Beige Book CEO, says the idea of a full economic recovery any time soon is nonsense.See omnystudio.com/listener for privacy information.

Peter Hooper, Deutsche Bank Global Head of Economic Research, says there is no question that the economy is going into free-fall in the near term. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says the Fed is starting to get some traction as the central bank announces a massive second wave of initiatives to support the U.S. economy. Diane Swonk, Grant Thornton Chief Economist, says congress must act now to help all sides of the economy. Ben Laidler, Tower Hudson Research CEO, expects a lot more pain for the financials.See omnystudio.com/listener for privacy information.

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is a bad time to sell investments. Patrick Armstrong, Plurimi Wealth CIO, says earnings are going to be decimated for a lot of industries in Q2. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says the hardest part of this crisis is not knowing the demand growth we'll get in Q2. Michelle Meyer, Bank of America Head of U.S. Economics predicts U.S. GDP will drop 12% in the second quarter.See omnystudio.com/listener for privacy information.

Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, explains why Modern Monetary Theory could be part of the fiscal and monetary policy response to the coronavirus crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says I've never seen this kind of volatility in the treasury market. Nathan Sheets, PGIM Fixed Income Economist and Macroeconomic Research, says we should expect over one trillion dollars in fiscal stimulus within the next ten days. Sam Stovall, CFRA Chief Investment Strategist, says the Fed could reopen its arsenal activities used to combat the financial crisis of 2008.See omnystudio.com/listener for privacy information.

Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says signs are showing that a bottoming process has begun in stocks. Bill Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the Fed can do very little about the initial demand shock from the coronavirus. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, says the Fed is taking market stabilizing measures, but not looking to stimulate the economy. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macro Strategy, says the coronavirus has been a shock that has slowed down the U.S. consumer.See omnystudio.com/listener for privacy information.

Jane Foley, Rabobank Head of FX Strategy, says the Euro is currently giving misleading signs. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are headed for a global recession. Gershon Distenfeld, AB Co-Head of Fixed Income, says fear is taking over and in certain industries the economy is already shutting down. Randy Kroszner Former Fed Board Governor, says the fed is trying to get ahead of the curve.See omnystudio.com/listener for privacy information.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the single most important thing that we could see as a sign of backstopping confidence in the financial markets right now would be a meeting between President Trump and Speaker Pelosi and Senator Schumer. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says the market sell-off is sheer panic. Christian Schulz, Citi Economics Team Director, discusses the need to "socialize losses" as central banks and governments combat the economic fallout from the coronavirus. Gary Shilling, Bloomberg Opinion Columnist & A. Gary Shilling & Co. President, says we are probably in a recession already. Marcus Ashworth, Bloomberg Opinion Columnist, says the world is looking at the U.S. to do something big and soon.See omnystudio.com/listener for privacy information.

Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much.See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the correction we're going through now is just a continuation of the correction that began two years ago. Dan Yergin, IHS Markit Vice Chairman, says there is a grudge match going on between Saudi Arabia and Russia. Philipp Hildebrand, BlackRock Vice Chairman & Steven Major, HSBC Fixed Income Research Managing Director, discuss the low interest rate environment. Meredith Sumpter, Eurasia Group Head of Research Strategy, says Chinese leadership is more concerned about containing the coronavirus outbreak than getting the economy back up to speed. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the bond market is pricing a zero rate interest policy.See omnystudio.com/listener for privacy information.

Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, foresees a "whatever it takes" approach for central banks. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says brent oil could dip into the $20s. John Wraith, UBS Head of U.K. Rates Strategy, says the markets are anticipating rates getting close to zero. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says panicked behavior creates opportunity for investors. Luke Kawa, Bloomberg Corss-Asset Reporter, discusses volatility in the U.S. 10-year yield.See omnystudio.com/listener for privacy information.

Tiffany Wilding, PIMCO US Economist, says growth shock can lead to market panic. Farley Cleghorn, Palladium Health Director, discusses the issues surrounding testing for the coronavirus. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says payroll report shows the strength of the economy going into the virus shock. Lawrence Kudlow, National Economic Council Director, says growth is likely to slow, but the virus impact will be temporary.See omnystudio.com/listener for privacy information.

Howard Ward, Gabelli Funds CIO of Growth Equities, says we may reach new lows if earnings go negative. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says oil price correction may have run its course. Jim Bianco, Bianco Research and Bloomberg Opinion Columnist, talks rates and when he thinks the market will get to zero. Jean Claude Trichet, Former ECB President, says a coordinated interest-rate cut this week could have induced panic and wasn’t warranted. Tim Ryan, PwC U.S. Chairman and Senior Partner, says the coronavirus is a great example of how CEOs have to be prepared for anything.See omnystudio.com/listener for privacy information.

Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says we should start getting used to lower yields in the U.S. Howard Dean, Former DNC Chair & Former Governor of Vermont, is incredibly disturbed by the low turnout among younger voters. Julia Coronado, MacroPolicy Perspectives President & Founder, says the Fed is running out ammo and fiscal policymakers will need to pick up the ball. Jared Bernstein, Center on Budget and Policy Senior Fellow, says the U.S. Economy will likely be growing well below trend by the time people vote for U.S. President. David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund who predicts the fund will grow to $2 trillion by 2030.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says we are only in the early chapters of what the coronavirus could mean for the global economy. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says conditions are in place for a tradable low. Mohamed Younis, Gallup Poll Editor in Chief, says 63 percent of Americans agree with the way President Trump is running the economy. Diane Swonk, Grant Thornton Chief Economist, says rate cuts won't be enough to cure the coronavirus crisis.See omnystudio.com/listener for privacy information.

Carl Weinberg, High Frequency Economics Chief Economist & Managing Director discusses the health of the financial system as the coronavirus continues to cloud the outlook for global growth. Terry Haines, Pangaea Policy Advisory Founder says presidential candidate Joe Biden can beat President Trump. Michael Shaoul, Marketfield Asset Management, says the bond market is just as prone to stresses as other parts of the market. Jennifer Rohn, UCL Micro Biologist, says washing hands more important than wearing face mask to protect against coronavirus.See omnystudio.com/listener for privacy information.

Mike Darda, MKM Partners Chief Economist & Macro Strategist, says central banks, by doing nothing, are actually allowing financial conditions to tighten. Bob Michele, JPMorgan AM CIO and Head of Global Fixed Income, Currency & Commodities, says to expect central rate cuts across the globe. Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says fiscal easing is needed to avoid damaging economic potential in times of crisis. Erik Nielsen, Unicredit Group Chief Economist, says there is little monetary policy can do to offset a supply shock. Jim Bianco, Bianco Research President and Macro Strategist, says the coronavirus might be a bigger deal than the financial crisis.See omnystudio.com/listener for privacy information.

Jordan Rochester, Nomura G-10 FX Strategist, says markets are not used to a supply shock of the magnitude caused by the ecoronavirus. Dr. Adam Bernheim, Mount Sinai Hospital Cardiothoracic Radiologist, explains how lung scans could lead to quicker detection and diagnosis of coronavirus. Patrick Armstrong, Plurimi Wealth CIO, thinks the bond rally has probably gone too far. Shannon Cross, Cross Research co-founder, shares her outlook for tech as more companies issue profit warnings fueled by coronavirus concerns.See omnystudio.com/listener for privacy information.

Greg Boutle BNP Paribas U.S. Head of Equity and Derivative Strategy, expects a lot more market volatility from here. Jean-Sébastien Jacques, Rio Tinto CEO, says the company is prepared for uncertainty from the coronavirus. Jimmy Whitworth, professor of international public health at the London School of Hygiene & Tropical Medicine, warns of the potential impact of the coronavirus on sub-Saharan Africa. Nouriel Roubini, NYU Stern School of Business Professor and Roubini Macro Associates Chairman, says markets are delusional about the coronavirus's impact on the global economy. Jeanne Zaino, Iona College Political Science Professor and Bloomberg Political Contributor, says the Democratic primary process does not work to the benefit of the Democratic party. Michael Nathanson, Moffettnathanson Senior Research Analyst, says Bob Chapek was the natural choice to replace Bob Iger as Disney CEO.See omnystudio.com/listener for privacy information.

Ben Laidler, Tower Hudson Research CEO, thinks U.S. equities are in much better shape than many people think they are. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, thinks the Fed could be close to the point of taking action on the coronavirus. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says market uncertainty makes in almost impossible to take a three-year view. Dr. Peter Hotez, Baylor College of Medicine Dean, breaks down the most recent efforts to combat the coronavirus. Kevin Cirilli, Bloomberg Chief Washington Correspondent, says tonight's debate is most critical for Joe Biden.See omnystudio.com/listener for privacy information.

Drew Matus, MetLife Investment Management Chief Market Strategist, says 2021 is when we really have to start thinking about there being a recession in the U.S. Todd Mariano, Eurasia Group U.S. Director, says there is a sense among campaign strategists that it may be too late for other candidates to catch up to Bernie Sanders. Selina Wang, Bloomberg China Correspondent, says the rate of new coronavirus cases in Hubei province seem to be stabilizing. Stuart Kaiser, UBS Head of Equity Derivatives Research, says the VIX at 25 or 30 would suggest "indiscriminate hedging." Kristina Hooper, Invesco Chief Global Market Strategist, says the Fed must be measured and thoughtful in its response to coronavirus risks.See omnystudio.com/listener for privacy information.

Julia Coronado, Macropolicy Perspectives President & Founder, says there is a lot of complacency in market pricing right now. David Lebovitz, JPMorgan Asset Management Global Market Strategist, says the big tech names have been keeping the rest of the tech sector afloat. Jonathan Fenby TS Lombard Chairman of China Research, says the coronavirus outbreak is a big test for the leadership in China. Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, says the global economy may hit stall speed because of the coronavirus. Michael McKee, Bloomberg International Economics & Policy Advisor, discusses his interview with ECB Board Member Philip Lane.See omnystudio.com/listener for privacy information.

Terry Haines, Pangaea Policy Advisory Founder, says the race for the Democratic presidential nomination is more muddled after the Nevada debate. Howard Dean, Former Democratic Presidential Candidate & Former DNC Chairman, thinks that all six candidates who participated in Nevada's debate still have a chance of winning the nomination. Sonali Basak, Bloomberg Finance Reporter, breaks down what we know Morgan Stanley's plan to buy E*Trade. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the public has become an engaged buyer of stocks. Brett Ryan, Deutsche Bank Senior U.S. Economist, says firms are reluctant to lay workers off because of the tight labor market. Michael Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.See omnystudio.com/listener for privacy information.

Chuck Gabriel, Capital Alpha President, thinks we could know whether Bernie Sanders will be the Democratic presidential nominee by the end of March. Austan Goolsbee, University of Chicago Professor and Former Adviser to President Barack Obama, says conventional monetary policy matters less now than it ever has before. Stephen Roach, Yale Professor and Author, explains why the world economy may be headed for a "temporary recession." Sophie Huynh, Societe Generale Multi Asset Strategist, says gold is one of the best preferred protections for asset allocation. David Rubenstein, Carlyle Group Co-Executive Chairman and Host of Peer to Peer Conversations discusses his interview with Charles Schwab.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says U.S. GDP growth may slow to 1% or less in first quarter. Neil Campling, Mirabaud Securities Global Thematic Strategy Group Head of TMT Research, expects other companies to follow Apple in cutting their outlook. Elaine Kamarck, Brookings Senior Fellow in the Governance Studies, discusses which candidates she expects to have the momentum going into the Nevada Democratic debate. Michael Holland, Holland & Co. Chairman, says although he's mindful of the valuations in the big-cap names, he's not so concerned that he's a seller.See omnystudio.com/listener for privacy information.

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is an unlikely time for U.S. outperformance to wane. Dr. Peter Hotez, Baylor College of Medicine Dean, calls for international cooperation in combating the coronavirus. Henrietta Treyz, Veda Partners Director of Economic Policy, discusses the tension between the U.S. and China over the coronavirus and trade. Torsten Slok, Deutsche Bank Chief Economist, says the labor market, including wages and job growth, is slowing down greatly. Jason Bordoff, Columbia Professor and former U.S. National Security Council and Director of Energy & Climate Change, says in his opinion, it’s an encouraging shift to see republicans recognizing climate change as a serious reality.See omnystudio.com/listener for privacy information.

Bruce Kasman, JPMorgan Chief Economist & Head of Global Research, says Chinese growth may be flat in the first quarter of 2020. Dr. Jennifer Rohn, University College London Micro Biologist, says the coronavirus is looking just as contagious as flu and just as lethal. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says we still have a global market recovery that is being delayed rather than derailed. Tavis McCourt, Raymond James Institutional Equity Strategist, says the coronavirus has upset market expectations in a way that is similar to the U.S.-China trade war.See omnystudio.com/listener for privacy information.

Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says it is a little too early to write Joe Biden off. Kate Moore, Head of Thematic Strategy for BlackRock's Global Allocation Investment Team, says the majority of returns from the equity market has to come from earnings. James Bevan, CCLA Investment Management Chief Investment Officer, says equity valuations are too low. Neil Shearing, Capital Economics Chief Economist, says we are still in a Goldilocks period of low but positive growth. Tony Dwyer, Canaccord Genuity Chief Market Strategist, says the valuation of the market is fair and earnings are unclear.See omnystudio.com/listener for privacy information.

Ben Laidler, Tower Hudson Research CEO, thinks valuations are very well supported for U.S. markets. Representative John Yarmuth, Democrat from Kentucky and Chairman of the Budget Committee, says Donald Trump is the biggest motivating factor for Democrats right now. Gideon Rose, Foreign Affairs Magazine Editor, says the Chinese threat to U.S. hegemony is a long term challenge rather than an immediate crisis. Stephen Stanley, Amherst Pierpont Chief Economist, doesn't see the Fed moving on rates anytime before the U.S. election. John Butler, Bloomberg Intelligence Senior Telecoms Analyst, says the T-Mobile-Sprint deal will allow T-Mobile to move more aggressively on 5G.See omnystudio.com/listener for privacy information.

John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says there is a remarkable resilience built into the global economy. Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities and Former Chief Economist and Economic Adviser to Vice President Joseph Biden, argues that Republicans want to get rid of safety net programs that bridge the gap between what people earn and what they actually need. Kit Juckes, Societe Generale Chief FX Strategist, does not see much that can prevent U.S. growth from slowing further. Sarah House, Wells Fargo Securities Senior Economist, says as the economy slowed over the past year, demand for labor has shifted downward.See omnystudio.com/listener for privacy information.

David Herro, Harris Associates Chief Investment Officer, calls for Credit Suisse chairman Urs Rohner to resign. Ellen Zentner, Morgan Stanley Chief U.S. Economist, talks about jobs and salaries, and the recent income trend for people moving into prime of life. Elisa Martinuzzi, Bloomberg Opinion Columnist, says Credit Suisse's strategy will not take a turn under the new leadership of incoming CEO Thomas Gottstein. Lawrence Kudlow, National Economic Council Director, says the U.S. is engaged with China over export purchases.See omnystudio.com/listener for privacy information.

David Folkerts-Landau, Deutsche Bank Chief Economist, says there is no question that the movement away from the political center is infecting monetary and fiscal policy. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says the biggest impact from the coronavirus is coming from the quarantine. Henrietta Treyz, Veda Partners Director of Economic Policy, says Senator Romney will receive significant backlash for his conviction vote against President Trump. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are in a liquidity driven bull market and the market is being traded very defensively. Lanhee Chen, Hoover Institution Research Fellow and Policy Director for Mitt Romney's 2012 Presidential Campaign, reacts to Senator Mitt Romney's decision to vote to convict President Trump of abusing his power.See omnystudio.com/listener for privacy information.

Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, discusses the companies he is currently shorting. Doug Kass, Seabreeze Partners President, talks about parabolic moves, like the one in Tesla, reminding they almost always return to the point of breakout; also Kass explains why he thinks shares of Amazon will trade $5000 a share by 2023. John Hudak, Brookings Senior Fellow Governance Studies, hopes this is the end of the Iowa caucuses. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says that the Fed cutting rates has created a huge tailwind for risk assets and commodities. Lindsey Piegza, Stifel Chief Economist, says moderate growth is the new normal for 2020.See omnystudio.com/listener for privacy information.

Jens Nordvig, Exante Data Founder & CEO, says the drop in Chinese tourism as a result of the coronavirus will be a major hit to other countries' economies. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, says the delay in the Iowa Caucus could cast a shadow over the results. Michael Nathanson, Moffettnathanson Senior Research Analyst, says the cost inflection point may have come come for cord-cutting. Dr. Anthony Fauci Director of National Institute of Allergy and Infectious Diseases, says the coronavirus looks increasingly like a pandemic. Gene Munster, Co-Founder and Managing Partner of Loup Ventures, says Tesla deserves a valuation like Apple because it is a combination of hardware, software, and services.See omnystudio.com/listener for privacy information.

John Ryding, Brean Capital Chief Economic Advisor, says the coronavirus is more of a supply shock than a demand shock outside of China. Miranda Carr, Haitong Securities Senior Analyst, says consumption might see a bigger hit from the coronavirus than manufacturing. Dr. Amesh Adalja, Johns Hopkins Bloomberg School of Public Health Senior Scholar, expects the 2% fatality rate from the coronavirus to come down as we gain more patient data. Mickey Levy, Berenberg Capital Markets Chief Economist U.S., Americas & Asia, says China’s coronavirus is dampening effects on global trade and could postpone a widely anticipated pickup. Edward Morse, Citi Global Head of Commodities, discusses their latest cut in oil prices forecast.See omnystudio.com/listener for privacy information.

Dr. Peter Hotez, Dean of the National School of Tropical Medicine at Baylor College of Medicine in Houston, says the coronavirus is just as capable of being transmitted as SARS, but it is not as lethal. Meredith Sumpter, Eurasia Group Head of Research Strategy, details how China's political system is affecting its response to the coronavirus. Antony Phillipson, British Consul General to New York and Her Majesty's Trade Commissioner for North America, discusses next steps after the U.K. leaves the EU today. Margaret Patel, Wells Fargo Senior Portfolio Manager, says low inflation will be with us for the foreseeable future. Eileen Burbidge, Passion Capital Partner, says Amazon "absolutely" has more room to run from here.See omnystudio.com/listener for privacy information.

David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech.See omnystudio.com/listener for privacy information.

Vincent Reinhart, BNY Mellon Asset Management Chief Economist says central banks do not create extra demand; they borrow it. William Dudley, Bloomberg Opinion Columnist and Former Fed President, discusses his latest column on the repo market. Austan Goolsbee, University of Chicago Booth School Professor and Former White House Economic Adviser to President Obama, says there are parts of the economy that are quite weak despite the unemployment rate being low. Dr. Jennifer Rohn, University College London Principal Research Associate, says there may be a delay of developing information surrounding the coronavirus coming from China. Dan Ives, Wedbush Managing Director and Equity Research Analyst, says the IPhone 11 product cycle is much stronger than anyone could have anticipated, especially in China.See omnystudio.com/listener for privacy information.

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the market will bottom once the number of coronavirus infections stabilizes. Walter Piecyk, Lightshed Technology, Media & Telecom Analyst and Partner, says the valuation of Apple is at a new realm and premium. Stephen Pagliuca, Bain Capital Co-Chairman & Boston Celtics Co-Owner, reflects on the life and legacy of Kobe Bryant. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says we cannot rely on central banks to keep the whole game going. Andrew Hollenhorst, Citigroup Global Markets Chief U.S. Economist, says there is so much uncertainty in the economy because of the coronavirus.See omnystudio.com/listener for privacy information.

Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, says the the Coronavirus uncertainty hit may be smaller than markets are currently pricing in. Thomas Mulier, Bloomberg Healthcare Editor, says China is trying to 'catch-up' to the Coronavirus outbreak, as new medical facilities are being built in Wuhan. Kit Juckes, Societe Generale Chief FX Strategist, says emerging markets are going to have a rough time if the U.S. economy is growing slowly. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says investors are using the Coronavirus as an opportunity to cash in on profits. Jared Bernstein, Center on Budget & Policy Senior Fellow and former Chief Economist & Economic Adviser to Vice President Joe Biden, says the political middle in the U.S. has shifted from 10 years ago.See omnystudio.com/listener for privacy information.

Christine Lagarde, European Central Bank President, warns markets not to assume that ECB policy is on autopilot. Sheila Patel, Goldman Sachs Asset Management Chairman, says we are in a better place with liquidity compared to a year ago. Jacob Frenkel, JPMorgan Chase International Chairman, says the greatest danger to the economy's growth is fragmentation. Angel Gurria, OECD Secretary General, says we must now defend multilateralism. Stephen Pagliuca, Bain Capital Co-Chairman, says the returns in private equity are still world-class.See omnystudio.com/listener for privacy information.

Ken Moelis, Moelis & Company Chairman, CEO & Founder, says markets are pretty much priced for perfection right now. Soren Skou, Maersk CEO, doesn't expect trade growth to pick up in 2020. Mark Rutte, Dutch Prime Minister, is optimistic about a trade deal between the U.S. and the EU. Bill Winters, Standard Chartered CEO, says peace is prevailing in Hong Kong. Stacey Cunningham, NYSE President, talks about 'trading in the dark' as well as finding the best price in the market. David Solomon, Goldman Sachs Chairman & CEO, doesn't see any booms or busts happening anytime soon.See omnystudio.com/listener for privacy information.

Bruno Le Maire, French Finance Minister, says postponing a digital tax on the U.S. until the year's end is a fair compromise. Elaine Chao, U.S. Secretary of Transportation, says there is no timetable for returning the grounded Boeing 737 Max. David Rubenstein, Carlyle Co-Chairman, discusses changes in private equity. James Gorman, Morgan Stanley CEO, says we are in a very benign period with relative global stability. Scott Minerd, Guggenheim Global CIO, says the U.S. Federal Reserve is encouraging investor behavior that fuels a bubble in U.S. corporate credit markets. Bloomberg's Sonali Basak discusses major themes at the World Economic Forum in Davos.See omnystudio.com/listener for privacy information.

Ian Bremmer, Eurasia Group Founder, says we have absolutely reached the peak of globalization. Stephen Schwarzman, Blackstone CEO, says investing in technology has enormous benefits. Michael Corbat, Citigroup CEO, says the consumer remains the backbone of the U.S. Economy. Martin Flanagan, Invesco CEO, expects clients to return once the firm has fully absorbed OppenheimerFunds. Roberto Azevedo, World Trade Organization Director General says it is good to see U.S.-China tensions contained by the Phase-One trade deal.See omnystudio.com/listener for privacy information.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, believes this could be the year the public fully engages with the U.S. equity market. Kristina Hooper, Invesco Chief Global Market Strategist, says we can't underestimate the power of the Fed. George Evans, CIO of Global Equities and Portfolio Manager for the Invesco Oppenheimer International Growth Fund, says emerging markets are led by commodities. Margaret Brennan, Face the Nation Host, reflects on the opening of President Trump's impeachment trial. Chris Whalen, Whalen Global Advisors Chairman, details 4 global banks that he says are not efficient at making money.See omnystudio.com/listener for privacy information.

David Pearl, Epoch Co-Chief Investment Officer & Portfolio Manager, says Morgan Stanley is now the king of wealth management. Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says escalation could happen very quickly under the Phase-One trade deal between the U.S. and China. Daniel Morris, BNP Paribas Senior Investment Strategist, says 2020 market risks aren't much different from those in 2019. Dana Peterson, Citi Global Economist, says department stores are losing market share to non-store retailers.See omnystudio.com/listener for privacy information.