Bloomberg Surveillance

Kate Moore, BlackRock Investment Institute Chief Equity Strategist, defends her market optimism. John Hudak, Brookings Institution Senior Fellow in Governance Studies, predicts President Trump will "absolutely not" pass new tax legislation by the midterms. Matt Maley, MillerTabak and Co., LLC Managing Director & Equity Strategist, advises to go to cash. Steven Cook, CFR Senior Fellow For Middle East And Africa Studies, says Khashoggi's story will shake the Saudi royal family. See omnystudio.com/listener for privacy information.

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Chris Marangi, Gabelli Funds Co-CIO, talks the future of Fox, Disney, Google and Youtube. Florian Hense, Berenberg European Economist, says it is likely that Italy will be downgraded a notch. Therese Raphael, Bloomberg Opinion Columnist, says the Trump administration's proposal for a free-trade deal with the U.K. is music to the ears of Brexiteers. Dana Peterson, Citigroup Economist, discusses the uneven wage growth in the U.S.See omnystudio.com/listener for privacy information.

Ellen Zentner, Morgan Stanley Chief U.S. Economist, sees no reason for the Fed to stop hiking right now. Martin Indyk, CFR Distinguished Fellow & Former U.S. Ambassador to Israel, says every message has to be carefully controlled in a crisis, including the one with Saudi Arabia. Joel Levington, Bloomberg Intelligence Credit & Strategy Analyst, expects Uber bonds to have junk ratings. Wolfgang Munchau, Eurointelligence President, is optimistic about a Brexit deal in December. See omnystudio.com/listener for privacy information.

Jack Lew, Former U.S. Treasury Secretary, thinks economic sanctions are a powerful tool to influence countries to change their policies. Gideon Rose, Foreign Affairs Magazine Editor, says the U.S. is abusing its privileges. Alison Williams, Bloomberg Intelligence Senior Analyst of U.S. Banks, talks IPO growth. Mohamed El-Erian, Bloomberg Opinion Columnist, is worried about the over-promise of liquidity in banks. See omnystudio.com/listener for privacy information.

Gerard Cassidy, RBC Capital Markets Equity Research Managing Director, says the universal bank model is outperforming the regional bank model. John Sfakianakis, Gulf Research Center Foundation Economics Research Director, thinks Khashoggi's disappearance has been a blow to Saudi Arabia's image-making. Vivian Nereim, Bloomberg Reporter, reports from Riyadh on the beginning of an internal probe in Saudi Arabia. Gary Gensler, Former CFTC Chairman, defends quarterly earnings reporting arguing that the public has the right to know about companies on a regular basis.See omnystudio.com/listener for privacy information.

David Pearl, Epoch Investment Partners Co-Chief Investment Officer & Portfolio Manager, says JP Morgan has a clear strategy which includes a large return of capital. Terry Haines, Evercore ISI Senior Political Strategist, thinks that celebrity endorsements do not have an impact on elections results. Gustavo Rangel, ING Chief LatAm Economist, explains that big Latin American countries are not vulnerable to FX volatility. Mitch Roschelle, PwC Partner, says the U.S. is undersupplied with new housing stock. See omnystudio.com/listener for privacy information.

Geoffrey Yu, UBS Wealth Management Head of UK Investment Office, is not worried about tail risks. Krishna Memani, OppenheimerFunds CIO & Head of Fixed Income, thinks credit is the strongest place in the markets right now. Dana Peterson, Citigroup Global Markets Director and Economist, says an independent Fed is the best Fed. And Justin Leverenz, Oppenheimer Funds Director of EM Equities, highlights the focus on the sustainability of Tencent. See omnystudio.com/listener for privacy information.

Sebastian Mallaby, CFR Senior Fellow for International Economics, says the dollar's centrality in the global system has gone up since 2008. Claus Vistesen, Pantheon MacroEconomics Chief Eurozone Economist, thinks the Italian bond market is mispriced. Mike Mayo, Wells Fargo Securities Managing Director & U.S. Large-Cap Bank Research, prefers that banks have less revenues today but sustainable growth. Amanda Sloat, Brookings Institution Senior Fellow, thinks people are becoming increasingly more pessimistic towards Brexit.See omnystudio.com/listener for privacy information.

Harm Bandholz, Unicredit Bank Chief U.S. Economist, says there is a good chance that we will see a downturn in 2020. Kathy Fisher, Bernstein Head of Wealth & Investment Strategist, does not expect a terrible recession whenever it comes. Yanis Varoufakis, Former Finance Minister of Greece, thinks Italy is not sustainable within the current rules of the Eurozone. And Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, recommends we read Madeleine Albright's new book, "Fascism: A Warning." See omnystudio.com/listener for privacy information.

Willem Buiter, Citi Special Economic Adviser, says the Nobel Prize for Economics Winner William Nordhaus was a very inspiring teacher. Isaac Boltansky, Compass Point Managing Director of Policy Research & Senior Policy Analyst, says Kavanaugh's confirmation galvanized the political pulse for the midterms. Monica de Bolle, Peterson Institute for International Economics Senior Fellow, thinks Brazil's first round winner Jair Bolsonaro is more nationalistic and state interventionist than the markets seem to realize. And Steve Keen, Kingston University of London Professor of Economics, talks the role of technology in economics after Paul Romer's Nobel Prize win. See omnystudio.com/listener for privacy information.

Howard Ward, Gabelli Funds CIO of Growth Equities, focuses on defensive growth stocks while the Fed is tightening. Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U.S. Department of Labor from 2010-2011, says wage growth goes mainly to the top end of the income distribution. Timothy O'Brien, Bloomberg Opinion Executive Editor, thinks that the debate around Kavanaugh has moved from sexual harassment to issues regarding his credibility. Larry Kudlow, National Economic Council Director, says unemployment can go lower. See omnystudio.com/listener for privacy information.

We lead today's podcast with a Bloomberg Businessweek scoop: China used a tiny chip to infiltrate almost 30 U.S. companies. Then we turn to Tobias Levkovich, Citigroup Global Markets Chief U.S. Equity Strategist, who notes 75% of S&P revenues are U.S. driven. Max Baucus, Former U.S. Ambassador to China & Former Senator from Montana, says countries will have to reach agreements on technology or this will be "the Wild West." Louise Yamada, Technical Research Advisors, says we're now in a new raising rate cycle. Jordan Robertson, Bloomberg News Global Technology Reporter, breaks down his reporting on China's microchips. And Adam Segal, Council on Foreign Relations Digital & Cyberspace Policy Program Director, says this story will shape upcoming security discussions. See omnystudio.com/listener for privacy information.

Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says people in the U.K. are sick of ten years of conservative austerity. Anna Edwards, Bloomberg Markets European Open Anchor, reports on PM May's speech at the Tory Party Conference. Craig Trudell, Bloomberg Autos Americas Team Leader, gives us a much needed autos update from Michigan. Edward Alden, Council on Foreign Relations Senior Fellow, analyzes the USMCA trade agreement. And David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, previews his upcoming show with Barry Diller.See omnystudio.com/listener for privacy information.

Marc Chandler, Bannockburn Global Forex Chief Market Strategist & Managing Partner, thinks Italy needs growth. Bob Doll, Nuveen Asset Management Senior Portfolio Manager & Chief Equity Strategist, says Fed conversations are getting harder as we approach neutral. Christine Lagarde, IMF Managing Director, is pleased the USMCA exists. Alan Krueger, Princeton Professor of Economics, thinks Amazon is saying, "we are going to be a responsible employer," by raising their minimum wage.See omnystudio.com/listener for privacy information.

Bill Lee, Milken Chief Economist, says the USMCA is an example of the new bilateral approach to negotiations of the U.S. Mary Lovely, Peterson Institute Senior Fellow, says 70% to 100% of the tariffs in autos will fall on consumers. Kimberly Robinson, Bloomberg Law Legal Editor, comments on the political nature of Kavanaugh's speech. Abe Selassie, IMF Director of the African Department, highlights that by 2030 half of the annual increase of the global workforce will come from Sub-Saharan Africa. See omnystudio.com/listener for privacy information.

Barry Eichengreen, University of California Professor Berkeley, analyzes the IMF's future. Alberto Gallo, Algebris Macro Strategies Head, sees little contagion in Europe after the approval of the Italian budget. John Coffee, Columbia Law Professor, says the Tesla board is not strong. Elaine Kamarck, Brookings Institution Senior Fellow, notes the Republicans have no women on the Senate Judiciary Committee. And Shannon Pettypiece, Bloomberg News White House Reporter, updates us on Sen. Flake's decision to confirm Judge Kavanaugh. See omnystudio.com/listener for privacy information.

Thursday’s Senate hearing over sexual assault allegations against Supreme Court nominee Brett Kavanaugh stirs memories of similar testimony from 1991. That’s when Supreme Court nominee Clarence Thomas was called back in his confirmation process to face the sexual misconduct allegations of Anita Hill. Bloomberg’s Bob Moon reports on how this scenario played out 27 years ago.See omnystudio.com/listener for privacy information.

Jane Foley, Rabobank Head of FX Strategy, says the dollar can climb higher. Libby Cantrill, PIMCO Head of Public Policy, is skeptical about Congress ratifying a bilateral trade agreement with Mexico. Peter Chatwell, Mizuho International Head of European Rates Strategy, thinks the ECB could go negative again in the future. And Michelle Meyer, Bank of America Merrill Lynch Head of US Economics, tells us whether to rent or buy property. And Bob Moon, Bloomberg Radio Daybreak Host, joins us to discuss Judge Kavanaugh and 1991. See omnystudio.com/listener for privacy information.

Jeff Currie, Goldman Sachs Global Head of Commodities Research & Partner, says they are bullish on owning oil. Werner Hoyer, European Investment Bank President, says Europe is behind in investment. Michael R. Bloomberg, Former Mayor of New York City & Bloomberg LP Founder, says the U.S. needs to have access to China's markets. Angel Gurria, OECD Secretary General, says it is crucial that trade continuous to drive growth. And Roger Ferguson, TIAA CEO & Former Federal Reserve Vice Chair, discusses the Fed rate decision due this afternoon. See omnystudio.com/listener for privacy information.

Michael Spence, NYU Professor & Nobel Laureate, says China wants to be a positive influence in the developing world. Chris Verrone, Strategas Partner & Head of Technical Strategy, sees discipline in the credit markets. Sarah Ponczek, Bloomberg News Cross Asset Reporter, is watching Facebook shares following the departure of Instagram's founders. Patrick Gregory, Bloomberg Supreme Court Reporter, discusses the latest in the contentious confirmation of Brett Kavanaugh. Erik Schatzker, Bloomberg Editor-at-Large, hops in the booth to discuss the resignation of Argentina's Central Bank Governor Luis Caputo.See omnystudio.com/listener for privacy information.

Brian Levitt, OppenheimerFunds Senior Market Strategist, favors investment in technology. Rufus Xerxa, National Foreign Trade Council President, says breaking international trade rules undermines the competitiveness and cost structure of companies. Bogolo Kenewendo, Republic of Botswana Minister of Investment, Trade, and Industry, plans for Botswana to go from a middle-income to a high-income country by 2036. Greg Stohr, Bloomberg News Supreme Court Reporter, discusses where the confirmation for Brett Kavanaugh stands. See omnystudio.com/listener for privacy information.

Peter Hooper, Deutsche Bank Securities Chief Economist, says there will be a slowdown in 2020 but it doesn't have to be a recession. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says there would have been monetary easing in China even without the trade war. Pennsylvania Representative Ryan Costello says voters want Congressmen who keep their independence. Betsy Graseck, Morgan Stanley Global Head of Banks & Diversified Financials Research and U.S. Large Cap Banks Analyst, says banks are putting the customer at the heart of their IT platforms. See omnystudio.com/listener for privacy information.

Daragh Maher, HSBC US Head of FX Strategy, says investors always ask if it's time to sell the dollar. Terry Haines, Evercore ISI Senior Political Strategist and Head of Political Analysis, predicts markets will understand that policy rollback in the U.S. is very unlikely. Sonali Basak, Bloomberg News Investment Banking Reporter, discusses her recent piece on Howard Lutnick, Cantor Fitzgerald CEO. And Doug Kass, Seabreeze Partners President, says his approach has always been to average into positions, both long and short. See omnystudio.com/listener for privacy information.

Geoff Dennis, UBS Head of Global Emerging Markets Equity Strategy, thinks money will go back to EM once the dollar goes down. Beth Comstock, Former GE Vice-Chair, says that MBA students are not encouraged to be entrepreneurial. Rep. Mike Turner, U.S. Representative for Ohio's 10th congressional district (R), says the president is making headway for Republicans by focusing his message on the economy. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, discusses his interview with Jeff Bezos, Amazon CEO & Founder, which will air tonight on Bloomberg Radio at 5 p.m. and Bloomberg TV at 9 p.m. ET. See omnystudio.com/listener for privacy information.

Nouriel Roubini, Roubini Macro Associates Chairman & NYU Stern School of Business Professor, argues that a majority of the impact of tariffs on Chinese goods will be paid by U.S. consumers. Stephanie Segal, CSIS Deputy Director & Senior Fellow, asks whether, with dollar strength and increasing financial need, the U.S. is pulling financing away from the rest of the world. Jane Foley, Rabobank Senior Currency Analyst, sees sterling as vulnerable until the U.K. government arrives to consensus on a Brexit deal. Kimberley Robinson, Bloomberg Law Supreme Court Reporter, says that those arguing a case against Kavanaugh have become more focused on whether a denial can disqualify him from the Supreme Court.See omnystudio.com/listener for privacy information.

Chris Flavelle, Bloomberg News Climate and Adaptation Reporter, reports on the historic rainfall in North Carolina brought on by Hurricane Florence. Shahab Jalinoos, Credit Suisse Global Head of FX Trading Strategy, says dispersion is "the name of the game" in currency performance. Mike Mayo, Wells Fargo Securities Senior Analyst, thinks banks are less susceptible to cycles than in the past. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, is concerned about 2020 based on fiscal numbers. Michael Phelps, Olympic Gold Medalist & Colgate Global Ambassador, tells Tom and Pimm how they can reduce their water waste. See omnystudio.com/listener for privacy information.

It is September 15, 2008. Employees are pouring out of Lehman Brothers with boxes. The financial services firm has collapsed. In the 10 years since the largest bankruptcy filing in U.S. history, what have we learned? What has changed and what hasn't? This week, we reflect on the financial crisis with experts from Wall Street, central banks, and academia. This Surveillance Special is a compilation of those interviews. Guests include: Former Bank of England Deputy Governor Paul Tucker, BlackRock's Rupert Harrison, McKinsey Global Institute's Susan Lund, Bloomberg's Yalman Onaran, Grisanti Capital Management's Chris Gristanti, Former ECB President Jean-Claude Trichet, Unicredit's Erik Nielsen, University College London's Mariana Mazzucato, Former IMF Chief Economist Kenneth Rogoff, RBS Chairman Howard Davies, Former Lehman CFO Brad Hintz, and BNP Paribas USA CEO Jean-Yves Fillion. See omnystudio.com/listener for privacy information.

Brad Hintz, Former Lehman CFO & NYU Professor, says that from the 2008 financial crisis, we've learned that repo is not stable. Yousef Gamal el-Din, Bloomberg TV Daybreak Middle East Anchor, brings us an update from Turkey. Adam Posen, Peterson Institute for International Economics President, says the ECB is not grappling with outrageous inflation. Megan Greene, Manulife Asset Management Chief Economist, says for the most part, the Fed is focused on the U.S. and not EM. And Mark Lehman, JMP Securities President, thinks Apple will continue to garner attention.See omnystudio.com/listener for privacy information.

We start off on a segment from our TV show with Ken Rogoff, Harvard Professor & Former IMF Chief Economist, and Mariana Mazzucato, University College London Professor & Author of "The Value of Everything." Following, Jim Roemer, Best Weather Inc. President, predicts Hurricane Florence will impact stocks more than commodities. Next, Steve Auth, Federated Investors Equities CIO, says tech companies are the new monopolies. And William Dudley, Former New York Fed Chairman, tells Bloomberg's Michael McKee that he's concerned about the fiscal sustainability of the U.S.See omnystudio.com/listener for privacy information.

William Lee, Milken Institute Chief Economist, says firms are substituting capital for labor. Walter Piecyk, BTIG Research Analyst & Managing Director, says electronic companies have high profit margins and they can use these to avoid price increases from tariffs. Margie Patel, Wells Fargo Asset Management, says the Fed is very transparent in what they are doing. And Thomas Kean, 9/11 Commission Chairman & Former New Jersey Governor, reflects on September 11, 2001See omnystudio.com/listener for privacy information.

Chris Grisanti, Grisanti Capital Management CEO, predicts if Democrats take the house at midterms, it will not upset the markets. Jim O'Sullivan, High Frequency Chief U.S. Economist, recaps Friday's jobs numbers. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, has her eye on market growth in Asia. And Nomi Prins, Author of "Collusion: How Central Bankers Rigged the World", says the dollar tends to be the recipient in the Great Unwind.See omnystudio.com/listener for privacy information.

Mike Schumacher, Wells Fargo Head of Interest Strategy, says the potential of job reports to move the markets has decreased dramatically. Alan Krueger, Princeton University Professor & Former Assistant Secretary of the U.S. Treasury, remembers he told President Obama this wouldn't be the strongest recovery but it could be the longest. James Glassman, JP Morgan Chase Commercial Banking Head Economist, and Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U.S. Department of Labor, react to the jobs number in real time. And Damian Sassower, Bloomberg Intelligence Chief EM Credit Strategist, says what initially drew foreign investors to EM is the scope in which central banks could ease rates.See omnystudio.com/listener for privacy information.

Lisa Abramowicz fills in for Tom Keene today. We speak with Tim Ash, Bluebay Asset Management Senior EM Sovereign Strategist, who says EM is a big part of the global economy and it cannot be ignored. Chris Marangi, Gabelli Funds Co-CIO, says we are catching up on regulations for the Internet. Kevin Cirilli, Bloomberg News Chief Washington Correspondent, provides an update on the White House's search for the anonymous NYT Op-Ed writer. We also feature a segment from our TV show with Anchor Scarlet Fu and Bloomberg Tech Reporter Sarah Frier. And Gene Munster, Loup Ventures Management Managing Director & Co-Founder, provides details on Google's absence at the Hill Hearings yesterday. See omnystudio.com/listener for privacy information.

Alberto Gallo, Algebris Investments Head of Macro Strategies & Partner, says the Turkish lira has been hurt by outflows from investors. John Taft, Baird Vice Chairman, analyzes risks in the shadow banking system. Michael Nathanson, MoffettNathanson Founding Partner & Senior Research Analyst, suspects Jack Dorsey and Sheryl Sandberg will be more contrite than previous representatives from their companies. And Julia Coronado, Macropolicy Perspectives President & Founder, reviews U.S. eco data with Tom and Jon.See omnystudio.com/listener for privacy information.

Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy, thinks volatility in EM currencies is mostly due to domestic policy mistakes. Lakshman Achuthan, Economic Cycle Research Co-Founder & COO, says emerging markets are sensitive to the deceleration of global industrial growth. George Saravelos, Deutsche Bank Global Co-Head of FX Research, talks dollar strength. Kimberly Robinson, Bloomberg Law Supreme Court Reporter, does not expect any surprises from the U.S. Supreme Court confirmation hearings of Brett Kavanaugh. David Kotok, Cumberland Advisors CIO & Co-Founder, says hateful belligerency accomplishes nothing in politics. See omnystudio.com/listener for privacy information.

Steve Hanke, Johns Hopkins University Professor of Applied Economics, says Argentina has been "a complete disaster" since President Macri called the IMF. President Trump says EU offer for no auto tariffs is "not good enough", in an exclusive interview with Bloomberg's Editor-in-Chief John Micklethwait. Margaret Brennan, CBS Face the Nation Host, says her show on Sunday will largely be focused on the services for Sen. McCain in Washington. And Julian Kheel, ThePointsGuy Senior Analyst, provides a much needed update on Labor Day travel in the U.S.See omnystudio.com/listener for privacy information.

Harm Bandholz, Unicredit Bank Chief U.S. Economist, thinks Stanley Fischer will be hard to replace but Richard Clarida is a great pick for Fed Vice Chair. Troy Gayeski, Skybridge Partner & Portfolio Manager, says the U.S. consumer is in very good shape right now. Dennis Gartman, The Gartman Letter Editor & Publisher, says he'd rather own wheat than any other soft commodity. And Miriam Sapiro, Sard Verbinnen's SVC Public Affairs Managing Director & Vice Chairman, says trade negotiations require a holistic approach from several government agencies. See omnystudio.com/listener for privacy information.

Catherine Mann, Citi Global Chief Economist, says stocks are a little overdone. Stan Collender, Georgetown University Adjunct Professor of Public Policy & The Budget Guy Blog Founder, thinks a government shutdown in October is 60% likely. Andy Hunt, Wells Fargo AM Co-Head of Global Fixed Income & Head of LDI and Global Credit, shares his thoughts on the fixed income space. Austan Goolsbee, University of Chicago Booth School of Business Robert P. Gwinn Professor of Economics, says any day that we don't have a trade war is a good day for the economy. See omnystudio.com/listener for privacy information.

Lara Rhame, FS Investments Chief U.S. Economist, says the new U.S.-Mexico trade agreement is a re-branding of NAFTA. Mary Lovely, Peterson Institute for International Economics Senior Fellow, says the current administration is creating 'Fortress America' with tariffs. David Herro, Harris Associates CIO of International Equities, says underlying business conditions have been more than acceptable. And Greg Giroux, Bloomberg Government Elections Reporter, previews the midterm election primaries in Arizona, Florida, and Oklahoma today.See omnystudio.com/listener for privacy information.

Admiral James Stavridis, Former NATO Supreme Allied Commander, says Senator John McCain was an intuitive, life-long learner. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says the S&P 500 is carrying less volatile asset classes thanks to tech companies. Fred Lane, Lane Generational of Raymond James Managing Partner, says there is an increasingly good return on investment in college education. Erin Browne, UBS Managing Director & Head of Asset Allocation, says we are back to a negative bond-stock correlation. Grant Woods, McCain's Former Chief of Staff, says the Senator stood for basic human rights.See omnystudio.com/listener for privacy information.

We bring you a Bloomberg Surveillance Special from the Grand Tetons in Jackson Hole, Wyoming. Michael McKee, Bloomberg News International Economics & Policy Correspondent, interviews three Fed Presidents at the annual Economic Symposium. James Bullard, St. Louis Fed President, says the Fed is very close to neutral rates. On the contrary, Loretta Mester, Cleveland Fed President, says gradual interest-rate increases should continue. Robert Kaplan, Dallas Fed President, agrees with Mester, he encourages the Fed 'to keep moving.' And we include final perspective from Frederic Mishkin, a former member of the Board of Governors of the Federal Reserve System.See omnystudio.com/listener for privacy information.

Michael McKee and Kathleen Hays, Bloomberg News Correspondents, are in Jackson Hole for the 2018 Economic Symposium. Hays speaks with Kansas City Fed President Esther George and McKee previews his upcoming interviews. Amo Mbatha, Bloomberg News Reporter, discusses South Africa's reaction to President Trump's tweet. Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, says the modern economy tends to downgrade the importance of land in income distribution. Francisco Blanch, Bank of America Merrill Lynch Head of Global Commodities & Derivatives Research, thinks gold never responds well in environments of rising rates and a strong dollar. Nina Schick, Rasmussen Global Director of Data and Polling Company, and Richard Turnill, BlackRock Investment Institute Global Chief Investment Strategist, discuss U.S.-Russia relations. See omnystudio.com/listener for privacy information.

Kevin Cirilli, Bloomberg News Chief Washington Correspondent, and Kim Wallace, Eurasia Group Managing Director of the United States, join us to recap headlines from Paul Manafort and Michael Cohen's cases. Robert Ray, Former Whitewater Independent Counsel known for his work on the Monica Lewinsky Case, offers perspective on the path forward for Mr. Manafort and Mr. Cohen. Robert Doll, Nuveen Asset Management Portfolio Manager, has his eye on earnings. Diane Swonk, Grant Thornton Chief Economist, says U.S. housing numbers have been a disappointment. And David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, says we're not yet seeing Washington noise in the stock market.See omnystudio.com/listener for privacy information.

John Ryding, RDQ Economics Chief Economist & Founding Partner, says Jerome Powell is a consensus builder. John Coffee Jr., Columbia Law School Adolf A. Berle Professor of Law & Director of the Center on Corporate Governance, says a tweet cannot explain the complexities of Tesla's decisions. Gideon Rose, Foreign Affairs Magazine Editor & Peter G. Peterson Chair, discusses the latest issue. And Amanda Sloat, Brookings Institution Robert Bosch Senior Fellow, says it would be disastrous if Turkey left NATO, however, she hasn't seen any indication that they'll do so.See omnystudio.com/listener for privacy information.

Thanos Vamvakidis, Bank of America Merrill Lynch International Head of G10 FX Strategy, thinks the dollar is overvalued by about 10%. Tim Quinlan, Wells Fargo Securities Senior Economist, says conversations at Jackson Hole may be more about the balance sheet than the Fed funds rate. Ken Simonson, NABE Survey Analyst & Associated General Contractors Chief Economist, reviews the NABE survey and notes that 91% of the respondents said tariffs are harmful to the economy. And Meenal Patel, JPMorgan Private Bank EMEA Head of FX, Commodities, and Rates, foresees a continuation of global growth. See omnystudio.com/listener for privacy information.

Tony Crescenzi, PIMCO Market Strategist, says the U.S. economy is late cycle. Romaine Bostick, Bloomberg News Editor, discusses scaling back the frequency of quarterly reporting per President Trump's tweet. Jay Bryson, Wells Fargo Global Economist, thinks Turkey's crisis is more idiosyncratic than systemic. Ed Yardeni, Yardeni Research President, says earnings are coming in stronger than he expected. Dana Telsey, Telsey Advisory Group Chief Research Officer, says JC Penney's search for a CEO is essential to the company's future. See omnystudio.com/listener for privacy information.

Dominic Konstam, DB Securities Managing Director & Global Head of Rates Research, says the U.S. is immune to emerging markets to a point. Greg Parsons, Semper Capital Chief Executive Officer, says Special Counsel Robert Mueller is focused on getting to the truth. Jurrien Timmer, Fidelity Investments Director of Global Macro, says we're approaching late cycle but we're not there. And Elsa Lignos, RBC Capital Markets Global Head of FX Strategy, says Euro-Sterling looks fairly interesting. ------See omnystudio.com/listener for privacy information.

James Sweeney, Credit Suisse Chief Economist, expects positive PMI surprises from the Eurozone. Steven Cook, Council on Foreign Relations Senior Fellow, says compared to previous administrations, the current White House has changed the tone towards Turkey. And Sarah Halzack, Bloomberg Opinion Columnist, says Macy's investors may be realizing that they got a bit ahead of themselves. See omnystudio.com/listener for privacy information.

Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the currency crisis in Turkey is not over. Gordon Johnson, Vertical Group Analyst, is concerned about Tesla's balance sheet. Sharmila Whelan, Asianomics Group Deputy Chief Economist, says the China-Japan relationship is changing at the margin. And Joe Feldman, Telsey Advisory Group Senior Research Analyst, says Home Depot has done a very good job online. See omnystudio.com/listener for privacy information.