Bloomberg Surveillance

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 24th, 2025
Featuring:
1) Jean Boivin, Head of the BlackRock Investment Institute, joins for an extended discussion on the global economic transformation and how US trade policy is just one piece of the broader geopolitical global economic transformation. As China calls on the US to revoke unilateral tariffs, the country warns of the threat of ongoing frictions to trust in the global economic system and emphasize the need for cooperation to prevent the global economy from sliding into a track of "high friction, low trust".
2) Brian Kingston, President & CEO at the Canadian Vehicle Manufacturers’ Association, discusses how President Trump's tariffs will affect Canadian manufacturing, whether a leadership change in Canada will help, and how it could all change if the president backs off on 25% tariffs on car parts. The Financial Times is reporting that rump plans to spare carmakers from some of his most onerous tariffs.
3) Daniel Tannebaum, Partner at Oliver Wyman, joins from the IMF Spring Meetings in DC to discuss what he's hearing about tariffs and developments in a Ukraine-Russia deal. It comes as President Trump is pressuring Ukrainian President Zelenskiy to accept a peace deal, accusing him of prolonging the war, and says he hopes to meet with Russian President Putin soon. The US has proposed a deal that would effectively freeze the conflict, acknowledge Russia's occupation of Crimea, and ease sanctions on Moscow, but Ukraine and Europe want assurances of a ceasefire and security guarantees before any agreement.
4) Tina Fordham, founder at Fordham Global Foresight, discusses the geopolitical outlook amid an entirely unclear trade war and how policy is shaping markets, or vice versa. Many experts and leaders have called for policy certainty, with Citadel founder Ken Griffin most recently saying President Trump's trade war has derailed business leaders' plans to focus on growth for the next four years.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insider report on Costco shoppers cashing in on company rewards and a WSJ report on college graduates facing a tough job market.

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

In this episode, we feature conversations with Gina Martin Adams & Huw van Steenis.

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- Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI
- Joachim Nagel, President at Deutsche Bundesbank
- Torsten Slok, Chief Economist at Apollo Management
- Dan Ives, Head Global Technology at Wedbush Securities

Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, offers his S&P 500 outlook amid further uncertainty about tariffs and corporate earnings. Joachim Nagel, President at Deutsche Bundesbank, joins from the IMF Spring Meetings to talk about the outlook for European and global economies as the US levies global tariffs. Torsten Slok, Chief Economist at Apollo Management, talks about the outlook for a US recession this year. Dan Ives, Head Global Technology at Wedbush Securities, breaks down Tesla earnings.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 23rd, 2025
Featuring:
1) Huw van Steenis, Vice Chair at Oliver Wyman, joins in studio for an extended discussion on Nixonian elements of Trump admin, global corporate and business confidence, and how it's all intersecting with what he sees in the financial and banking sectors. Markets and the economy are facing increased uncertainty, with President Trump most recently saying he has no intention of firing Federal Reserve Chair Jerome Powell, despite his frustration with the central bank not moving more quickly to slash interest rates. Trump wants Powell to lower interest rates, saying it's a "perfect time" to do so, and would like to see the chairman be "early or on time, as opposed to late".
2) Dan Ives, Global Head: Technology at Wedbush Securities, breaks down Tesla earnings. CEO Elon Musk says he will devote more time to Tesla starting next month, scaling back his work with the US government, which has been a concern for investors. Tesla's stock jumped 7% despite missing analysts' estimates for revenue and earnings, with the company citing weakness in its core automotive business and tariff headwinds.
3) Chris Grisanti, Chief Equity Strategist at MAI Capital Management, brings us into the market open and what lower corporate earnings will mean for equities. Stocks and bonds rose as global markets reacted positively to the Trump administration's easing of tensions, including President Trump's statement that he has no intention of firing Federal Reserve Chair Jerome Powell.
4) Mick Mulroy, co-founder of the Lobo Institute, joins to discuss turmoil at the Defense Department. Defense Secretary Pete Hegseth has been courting controversy, including sharing sensitive details about an impending US attack on Houthi militants on an unsecured commercial chat platform and purging some of his handpicked staff. Despite calls for Hegseth to be fired, President Donald Trump remains supportive, attributing the controversies to "disgruntled employees" and saying Hegseth is "doing a great job."
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including WSJ's story on fashion in Little League and Bloomberg's report on the hottest amenity at US airports.

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

In this episode, we feature conversations with Jeff deGraaf & Brian Belski.

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- Krishna Guha, Vice Chariman at Evercore ISI
- Rob Sockin, Director: Research at Citi
- Bill Dudley, Bloomberg Opinion columnist and former NY Fed President
- Alex Nowrasteh, VP: Economic & Social Policy Studies at The Cato Institute

Krishna Guha, Vice Chariman at Evercore ISI, offers his outlook for markets and the US economy amid a brutal April for markets. Rob Sockin, Director: Research at Citi, discusses the risks to markets both from President Trump's tariff policy and should the president fire Fed Chair Jay Powell. Bill Dudley, Bloomberg Opinion columnist and former NY Fed President, discusses Fed independence, tariffs, and the outlook for the US economy. Alex Nowrasteh, VP: Economic & Social Policy Studies at The Cato Institute, talks about the future of Fed independence and Chair Jay Powell.

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Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney April 22nd, 2025
Featuring:
1) Jeff deGraaf, Chairman and Head: Technical Research at Renaissance Macro Research, joins for a discussion on Jay Powell, market risks, and tariffs. US stocks were higher in futures trading this morning as equities are set to bounce back from Monday's losses as investors weigh progress on trade talks with India and Tesla's upcoming earnings.
2) Brian Belski, Chief Investment Strategist at BMO Capital Markets, brings us into the market open and discusses whether he remains a US equity bull. President Trump's demands on Jerome Powell to cut rates have raised concerns about the president's willingness to meddle with central bank policy and the impact on the economy.
3) Alicia Garcia-Herrero, Chief Economist for Asia Pacific at Natixis, joins for a discussion on the dollar as the globe's reserve currency and how the trade war will harm China and the US. This morning, gold topped $3,500 for the first time, and other markets such as stocks, currencies, and commodities experienced mixed movements amid ongoing trade tensions and uncertainty.
4) Warwick McKibbin, non resident Senior Fellow at the Peterson Institute for International Economics, talks about his piece from the fall outlining the costs of Trump's tariff and deportation policies as well as his newest analysis released today on the US revenue implications of Trump's tariff plan.
5) Margaret Franklin, CEO of the CFA Institute, joins from our DC studio to discuss the CFA program, how it's evolving, and the impact of AI on the investing profession.
6) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Financial Times report on the marketing campaign of plant-based eggs and the Washington Post's look into the changing economics of college football and how it's affecting the NFL draft.

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

In this episode, we feature conversations with Liz Ann Sonders & Damian Sassower.

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- Cam Dawson, CIO at NewEdge Wealth
- Terry Haines, founder at Pangaea Policy
- Leland Miller, CEO at China Beige Book
- Barbara Doran, CEO and CIO at BD8 Capital Partners

Cam Dawson, CIO at NewEdge Wealth, joins for a discussion on her 2025 outlook and whether equities could rebound amid volatility in the first quarter of the year. Terry Haines, founder at Pangaea Policy, discusses President Trump's tariff policies and turmoil for Defense Secretary Pete Hegseth and the Defense Department. Leland Miller, CEO at China Beige Book, discusses the outlook for the Chinese economy in an intensifying trade war with the US. Barbara Doran, CEO and CIO at BD8 Capital Partners, discusses the outlook for markets amid comments from President Trump for a desired change at the Fed.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyApril 21st, 2025
Featuring:
1) Julia Coronado, President/Founder of Macropolicy Perspectives, joins to discuss the precarious position the Fed is put in amid incoming tariffs and the possibility of higher inflation, and when or if Jay Powell will cut rates this year. The dollar weakened sharply as traders reacted to the possibility that President Donald Trump will try to remove Federal Reserve Chairman Jerome Powell.
2) Meghan Clark, professor at St. John's University, talks about the death of Pope Francis. He encouraged Catholics to embrace a more compassionate view on many issues but found it difficult to close the book on past abuses by clergy. He was 88, and passed away 7:35 a.m. Monday in Rome, the Vatican said in a statement. He had been hospitalized in Rome in mid-February with bronchitis, which progressed to pneumonia in both lungs — the last in a litany of respiratory and other medical challenges he had faced. On Sunday, he had met with US Vice President JD Vance.
3) Gautam Mukunda, Bloomberg Opinion contributor and Yale School of Management professor, joins for a discussion on politics and the forces pushing back or accepting certain norms being challenged by the Trump administration. President Trump is continuing his calls for a change at the head of the Fed, and there's growing pressure on US Defense Secretary Pete Hegseth amid reports of turmoil at the Pentagon.
4) Drew Matus, Chief Market Strategist at Metlife Investment Management, brings us into the market open and discusses the prospect of a recession as the US enters "trade war hell."
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including The Boston Globe looking into the best places to eat along the route of the Boston Marathon and Business Insider's story on men are getting cosmetic treatments and anti-aging procedures.

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