Bloomberg Surveillance

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

In this episode, we feature a conversation with Leland Miller.

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- Max Kettner, Chief Multi-Asset Strategist at HSBC
- Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries
- David Kelly, Chief Global Strategist at JPMorgan Asset Management
- Mohamed El-Erian, President at Queens' College, Cambridge

Max Kettner of HSBC discusses whether equities will be able to weather unclear tariff policy or if there will be a continued slide. Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, talks about struggling airliners. David Kelly with JPMorgan Asset Management and Mohamed El-Erian, President at Queens' College, Cambridge and Bloomberg Opinion columnist, react to CPI.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 12th, 2025
Featuring:
1) Mark Zandi, Chief Economist at Moody's, Adam Posen, President of the Petersen Institute for International Economics, and Brij Khurana, Fixed Income Portfolio Manager at Wellington Management, react to today's CPI reading and discuss how inflation and tariffs could continue to impact markets.
2) David Sowerby, Portfolio Manager at Ancora Advisors, offers his outlook on equities and the S&P 500 and whether markets will soon see a rebound. Goldman Sachs strategists lowered their year-end target for the S&P 500 Index to 6,200 from 6,500, citing reduced GDP growth forecasts and higher uncertainty. Goldman joins other banks in expressing concerns over economic growth amid geopolitical uncertainties, and recommends owning stocks insulated from market volatility or trading at discounted valuations.
3) Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, brings us into the market open and discusses the importance of staying steadfast amid headline risks. Market forecasters at banks including JPMorgan Chase & Co., Goldman Sachs, and RBC Capital Markets have tempered bullish calls for 2025 amid a US-led trade war.
4) Leland Miller, CEO at China Beige Book, talks about how tariffs are affecting markets and why it's important to closely follow tariffs on China. President Donald Trump's 25% tariffs on steel and aluminum imports took effect, triggering an immediate response from the European Union and sparking a new phase in the global trade war. The tariffs apply worldwide, with effects on economic rivals and close US allies, and have sparked reactions from countries including China, the UK, and Australia, with the EU launching "swift and proportionate countermeasures" on US imports.

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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 Cam Dawson & Ned Lamont.

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- Brian Levitt, Global Market Strategist at Invesco
- Kelsey Berro, Executive Director: Fixed Income at JPMorgan Investment Management
- Holly O'Neill, President: Retail Banking at Bank of America
- Lindsay Rosner, Head: Multi-Sector Investing at Goldman Sachs Asset Management

Brian Levitt of Invesco discusses whether the market could spiral into deeper losses given growing policy and economic uncertainty. Kelsey Berro with JPMorgan Investment Management talks about investing risks and how to position in a blurry eco environment. Bank of America's President of Retail Banking Holly O'Neill talks about the health of the US consumer amid concerns about higher income spenders slowing down. Lindsay Rosner, Head: Multi-Sector Investing at Goldman Sachs Asset Management, discusses signals from the bond market about US economic concerns.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 11th, 2025
Featuring:
1) Connecticut Governor Ned Lamont joins for an extended discussion US politics, working with the Trump administration, managing his state, and the future of the Democratic party. It comes as House Republicans have announced a spending bill to keep government agencies open through September 30, which may lead to a confrontation with Democrats and potentially a government shutdown.2) Margie Patel, Senior Portfolio Manager at Allspring Global Investments, brings us into the market open and discusses whether now is a buying opportunity for equities. President Trump's tariff proposals are causing market turmoil and recession risks, and his team is under pressure to act fast to pass a tax bill and provide an economic boost. Investors remain cautious due to concerns about the American economy, tariffs, and government spending cuts.
3) Stephanie Roth, Chief Economist at Wolfe Research, talks about why she's changing her eco outlook call for 2025. A global stocks selloff eased as US equity futures signaled modest gains on Wall Street. President Trump’s team is starting to warn of short-term pain as they pursue a drastic overhaul of trade and public spending.
4) Lee Klaskow, Senior Transports & Logistics Analyst at Bloomberg Intelligence, joins for a discussion on tariffs and how a brief "disturbance" is bad for freight. President Trump's tariff policies have been marked by reversals and faulty rollouts, causing confusion among US trading partners and businesses.

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Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian.

 
Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President Donald Trump will meet with top business executives later in the day. Contracts for the Nasdaq 100 rose 0.5% after the index’s deepest slump since 2022, while those on the S&P 500 climbed 0.4%. Tesla Inc. shares rose in premarket trading after Monday’s 15% slide while other tech names including Nvidia Corp. also edged higher. In Europe, the Stoxx 600 index was steady while earlier, Asian shares bounced off an intraday five-week low.There was relief for other risk assets too, as Bitcoin stabilized after a five-day selloff and oil prices notched a small bounce from Monday’s drop. However, concerns over the once unstoppable resilience of the US economy continue to support Treasury markets, with 10-year yields edging lower again on Tuesday. The dollar index slid 0.3%.

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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 Henrietta Treyz & Derek DeCloet.

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- Veronica Clark, US Economist at Citi
- Kelly Ann Shaw, Partner at Hogan Lovells
- Barbara Reinhard, CIO: Multi Asset Strategist at Voya Investment Management
- Neil Dutta, Head: US Economic Research at Renaissance Macro Research

Veronica Clark with Citi breaks down the latest eco data from Friday and talks about growing economic uncertainty as President Trump's tariff policy takes shape. Kelly Ann Shaw, Partner at Hogan Lovells and former Deputy Assistant to the President for International Economic Affairs, discusses the renewed thinking on US trade policy from the Trump administration. Barbara Reinhard with Voya Investment Management talks about defensive investing in an increasingly unclear economic and policy environment. Neil Dutta, Head: US Economic Research at Renaissance Macro Research, discusses why he thinks the US economy may be poised to slow.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 10th, 2025
Featuring:
1) Lindsey Piegza, Chief Economist at Stifel, reacts to Friday's jobs figures, previews CPI, and talks about how tariffs could affect US growth. President Donald Trump’s protectionist policies and cuts to the federal workforce have dented confidence in US economic outperformance. Trump said at the weekend the US economy faces “a period of transition,” while Treasury Secretary Scott Bessent earlier warned of disruption to growth.
2) Henrietta Treyz, co-founder at Veda Partners, joins to talk about a potential government shutdown and more tariff talk on deck from President Trump. House Republicans announced a spending bill to keep government agencies open through September 30, which may lead to a confrontation with Democrats and potentially a government shutdown. The bill's passage is uncertain, with some Republicans and Democrats expressing concerns about various aspects of the bill.
3) Derek DeCloet, Managing Editor with Bloomberg News, on Mark Carney succeeding Justin Trudeau and the latest on US-Canada relations. Carney has won the race to become Canada's next prime minister, taking over from Justin Trudeau, amidst economic uncertainty due to US President Donald Trump's trade policies. Carney, a former central banker, has pledged to protect Canada's economy and sovereignty, promising to keep retaliatory tariffs on US goods until the US shows respect and makes credible commitments to free and fair trade.
4) Kristen Bitterly, Head: Wealth at Work at Citi, discusses why it's important for investors to remain constructive at this time. It comes as strategists across several firms including Morgan Stanley, JPMorgan, and RBC have also tempered their bullish S&P calls for 2025.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including older Americans turning to Blue Collar jobs, big Costco TVs, and high prices for a French classic.

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