- Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments
- Angelo Zino, Vice President of Equity Research at CFRA
- French Hill, US Representative: Arkansas and Chairman of House Financial Services Committee
- Jim Bullard, Dean of the Purdue University Business School

Victoria Fernandez of Crossmark Global Investments discusses the outlook for equities amid looming US tariffs. Angelo Zino with CFRA talks about Nvidia-backed CoreWeave IPO. French Hill, Republican US Representative: Arkansas and Chairman of House Financial Services Committee, discusses the economic priorities of the House and how Federal policy could reshape the US economy. Jim Bullard, Dean of the Purdue University Business School and former president of the Federal Reserve Bank of St. Louis, reacts to PCE data today.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 28th, 2025
Featuring:
1) Tiffany Wilding, Economist at PIMCO, Stephanie Roth, Chief Economist at Wolfe Research, and Lauren Goodwin, Chief Market Strategist at New York Life Investment Management, react to PCE and offer their US market and economic outlook. Today's data comes as Fed officials, such as the president of the Federal Reserve Bank of Boston Susan Collins, have recently warned about inflation reigniting due to President Trump's unclear tariff policy.
2) Sevasti Balafas, CEO at GoalVest Advisory, brings us into the market open and talks asset allocation and offers her stock picks. It comes amid a global selloff in equities as investors have been selling equities in the run up to April 2, ahead of President Donald Trump’s tariff deadline.
3) Mike Haridopolos, Republican US House Representative from Florida, talks about a slew of DC headlines, including tariffs, and his focus on the Consumer Financial Protection bureau and its future. Some of the top Washington stories include Defense Secretary Pete Hegseth urging China deterrence on a trip clouded by Signal uproar and US seeking to control Ukraine investment and squeezing out Europe.
4) Selma Hepp, Chief Economist at Cotality, discusses the outlook for mortgage rates in 2025 and 2026 and why they may remain sticky amid so much economic uncertainty. Freddie Mac said in a statement this week that the average for 30-year loans was 6.65%, down from 6.67% last week. It was the first time in three weeks that mortgage rates fell, as house hunters are finding more choices on the market in time for the country’s key spring selling season.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including the Wall Street Journal article on the significance of women wearing ties and a piece from the New York post on President Trump's childhood home selling at a steep discount.

See omnystudio.com/listener for privacy information.

- Monica DiCenso, Head: Global Investment Opportunities at JP Morgan Private Bank
- Donald Schneider, Deputy Head: US Policy at Piper Sandler
- Dan Ives, Head: Global Technology at Wedbush Securities
- Amanda Lynam, Head: Macro Credit Research at BlackRock

Monica DiCenso with JP Morgan Private Bank talks about concerns over US growth as traders await PCE data and weigh tariff uncertainty. Donald Schneider, Deputy Head: US Policy at Piper Sandler, offers his analysis of President Trump's 25% auto tariffs and looks ahead to the April 2nd tariff announcement. Dan Ives of Wedbush Securities on Elon Musk's impact on Tesla stock and whether he remains bullish on the company and Big Tech. Amanda Lynam, Head: Macro Credit Research at BlackRock, talks about credit spreads and confidence in US corporate credit amid tariff policy uncertainty.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney March 27th, 2025
Featuring:
1) Julia Pollak, Chief Economist at ZipRecruiter, reacts to US jobless claims and President Trump's 25% auto tariffs announcement and looks ahead to PCE. The 25% auto tariffs will come into effect on April 3, initially targeting fully assembled vehicles, and will expand to include major automobile parts by May 3. Meanwhile, traders await February PCE data, with Bloomberg Economics writing that Core PCE is expected to show accelerated inflation.
2) Wendy Schiller, professor at Brown University, reacts to President Trump's auto tariffs announcement and how Washington will or will not push back, as well as the Signal text controversy. The EU, Canada, and other countries have criticized the 25% auto tariff implementation, coming April 3. President Trump and top allies are struggling to defend against criticism over the inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after texts showed Defense Secretary Pete Hegseth revealing specific operational details.
3) Melissa Otto, Head of TMT Research at Visible Alpha, on recent Mag 7 slides and yesterday's NASDAQ drop, and discusses whether big tech is actually "tariff-proof" or if they'll feel their effects. Tesla inched higher on the news as the Elon Musk-led electric vehicle company could avoid some of the tariff costs due to its US production.
4) Leslie Palti-Guzman, senior non-resident fellow at CSIS and NY University SPS Center for global affairs, joins for a discussion on energy and Russian gas flows as the Trump administration negotiates an end to the war in Ukraine, as well as how Houthi shipping disruptions could change after the Signal text controversy.
5) Ben McMillan, CIO at IDX Advisors, on how equities are reacting this morning to yesterday's tariff announcement and "uncertainty paralysis" in markets. The S&P 500 and other major stock benchmarks fell yesterday as concerns about the impact of a trade war on the economy and inflation resurfaced, driven in part by President Trump's 25% tariff announcement on auto imports.

See omnystudio.com/listener for privacy information.

- Chris Maher, Chairman and CEO at Oceanfirst Bank
- Jeannette Lowe, Director of Policy Research at Strategas Securities
- Amrita Sen, Director of Research and Founder at Energy Aspects
- Subadra Rajappa, Head: US Rates Strategy at Societe Generale

Chris Maher of Oceanfirst Bank joins for a discussion on how tariffs could impact his business and the outlook for clients and US consumers. Jeannette Lowe with Strategas Securities joins to discuss the latest on policy clarity from the Trump administration. Energy Aspects founder Amrita Sen talks about uncertainty surrounding global energy prices in the coming months. Subadra Rajappa, Head: US Rates Strategy at Societe Generale, talks about the interest rate path in the US as the Fed awaits policy clarity from the White House.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 26th, 2025
Featuring:
1) Danielle DiMartino Booth, CEO & Chief Strategist at QI Research, on the Fed, outlook for rates, and a struggling US consumer. US consumer confidence fell in March to the lowest level in four years due to concerns about higher prices and the economic outlook amid the Trump administration's escalating tariffs.
2) Skyler Weinand, CIO at Regan Capital, brings us into the market open and talks about why the Fed's next move might be a hike. It comes as Federal Reserve Governor Adriana Kugler supports holding interest rates steady for "some time" amid rising inflation expectations and recent uptick in goods inflation. Kugler notes that University of Michigan survey data shows consumers expect prices to increase at an annual rate of 3.9% over the next five to 10 years, the highest in more than three decades.
3) Joy Yang, Head of Index Product Management at MarketVector Indexes, talks about market trends amid rising uncertainty and a declining VIX. Worries over the economic effects of the global trade war are further reducing liquidity in US stocks, creating a headache for institutional investors. Current conditions could ease if tariffs prove less severe than feared or economic worries dissipate, but until then, it's going to be challenging for traders.
4) Ayesha Kiani, professor at NYU and COO at MNNC Group, talks about the major asset managers intensifying their crypto offerings, tokenization projects, and the outlook for Bitcoin. Bitcoin's recent rally is at risk of being short-lived due to broader market uncertainty, lack of bullish momentum, and low volumes. The market remains fragile, with low retail activity, thin volume, and cautious sentiment, making it susceptible to volatility and potential "bull traps".
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Federal workers responding to Elon Musk's latest request and new alternatives to building homes.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Michael Darda & Cam Dawson.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Cam Dawson, CIO at NewEdge Wealth
- Claudio Irigoyen, Head: Global Economics Research at Bank of America Securities
- Libby Cantrill, Head of US Public Policy at PIMCO
- Sonal Desai, CIO: Fixed Income at Franklin Templeton

Cam Dawson, CIO at NewEdge Wealth, discusses the outlook for equities and whether rotation will continue out of US stocks. Bank of America's Claudio Irigoyen discusses how tariffs will impact the US and global economies. Libby Cantrill of PIMCO talks about whether traders could or should expect more policy clarity in the coming weeks leading up to April 2. Sonal Desai, CIO: Fixed Income at Franklin Templeton, on the signals about the US economy coming from the bond market.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney

March 25th, 2025
Featuring:
1) Sophia Drossos, Economist at Point72 Asset Management, discusses a cloudy market and compounding uncertainty and where the Fed goes from here. It comes as tariffs have been dominating the news flow this week, with US stocks soaring on Monday on signs that trade sanctions will be narrower than feared. However, signs of "secondary tariffs" could add another layer of uncertainty in markets.

2) Cam Dawson, CIO at NewEdge Wealth, on US equities and whether US exceptionalism is alive and well. It follows stocks having a strong session, with the Nasdaq 100 adding 2.2%, amid signs US trade sanctions will be narrower than feared.

3) Michael Darda, Chief Economist at Roth Capital Partners, joins for an extended discussion on US stagflation, productivity growth, and whether the Fed will have no choice but to cut rates. In a Bloomberg exclusive yesterday, Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.

4) Phil Toews, CEO at Toews Asset Management, on his new book "The Behavioral Portfolio" and how portfolios have shifted as the US economy changes. Rising uncertainty on policy and geopolitics could lead traders to look for cheap assets and avoid expensive ones. It makes the future profits that contributed to the expensive stocks being expensive in the first place, look less certain.

5) Lisa Mateo joins with the latest headlines in newspapers across the US, including US retailers bulking up their inventories to get ahead of President Trump's new tariffs and British Airways launching a new first-class seat.

See omnystudio.com/listener for privacy information.

Stock Movers is a new, five-minute podcast on today's winners and losers in the stock market. Listen for analysis on the companies making news in markets.     

Listen on Apple: https://podcasts.apple.com/us/podcast/stock-movers/id1803209456     

Listen on Spotify: https://open.spotify.com/show/1LhpIazkwQ9bSkxHsjknI8?si=1233c9c58f1e4e16&nd=1&dlsi=b25af9cebbca4895     

Listen Anywhere: https://link.podtrac.com/h0zn7xir

See omnystudio.com/listener for privacy information.