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

In this episode, we feature conversations with Priya Misra & Ellen Zentner.

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- Mohamed El-Erian, President at Queens' College, Cambridge
- Stephanie Roth, Chief US Economist at Wolfe Research
- Kathy Jones, Chief Fixed Income Investment Strategist at Charles Schwab
- Elsa Lignos, Global Head: FX Strategy at RBC
- Frances Donald, Chief Economist at RBC

We get reaction to Friday's critical February jobs report with Mohamed El-Erian of Queens' College Cambridge and Bloomberg Opinion, Stephanie Roth of Wolfe Research, and Charles Schwab's Kathy Jones. Elsa Lignos of RBC joins for a look at currency moves after a week of US tariff uncertainty. Frances Donald, Chief Economist at RBC, discusses concern over slowing US growth and the potential for more inflation.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 7th, 2025
Featuring:
1) Claudia Sahm, Chief Economist at New Century Advisors, Ellen Zenter, Chief Economic Strategist at Morgan Stanley, Rebecca Patterson, former Chief Investment Strategist at Bridgewater, and Kristina Campmany, Senior Portfolio Manager at Invesco, offer their reaction to the February US Jobs Report. Concerns over US growth, rising inflation, and uncertain tariff policy from the Trump administration have made this month's jobs report a critical data point for traders. All of the uncertainty has put the S&P 500 on track for its worst drop since September.
2) Gina Martin Adams, Chief US Equity Strategist with Bloomberg Intelligence, discusses the equity reaction to the February jobs figures. The rapid tariff rollout has been driven by Trump administration and President Donald Trump himself has led to market volatility, with US equities taking a beating and consumer confidence eroding, posing political risks for the president and increasing overall market risks.
3) Anna Wong, Chief US economist at Bloomberg Economics, on her lower-than-consensus jobs call and why the labor market might be weakening or strengthening. Today's report offers clues on whether the Trump administration-led trade war and government job cuts are hitting jobs and making a case for the Federal Reserve to resume interest-rate cuts.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including the US scouring the globe for egg supplies, NCAA March Madness, and Meghan Markle's one pot pasta technique.

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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 Katharine Neiss & Constance Hunter.

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- Jane Foley, Head of FX Strategy at RaboBank
- Max Kettner, Chief Multi-Asset Strategist at HSBC
- Jason Furman, Professor at Harvard University
- Constance Hunter, Chief Economist at EIU

Jane Foley of RaboBank talks about how the global bond selloff and Germans spending plan is rippling through currency markets. Max Kettner at HSBC offers his outlook for European stocks and whether US equities will weather the policy uncertainty in Washington. Jason Furman, Professor of the Practice of Economic Policy at Harvard University, discusses his view on President Trump's tariff strategy and whether or not it's anti-growth. Constance Hunter, Chief Economist at EIU, discusses the impact of tariffs on the US economy and looks ahead to tomorrow's jobs report.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMarch 6th, 2025
Featuring:

1) Steve Chiavarone, Senior Portfolio Manager at Federated Hermes, on why he remains constructive on the economy and investment environment despite so much policy uncertainty in DC. Markets are focused on the global bond rout and economic fallout from the brewing Trump-led trade war, with bond investors waiting for the European Central Bank's meeting and interest rate decision.
2) Katharine Neiss, Chief European Economist, PGIM Fixed Income, reacts to the ECB decision and talks German spending and the global bond selloff. The rout in German bonds affected global debt markets, with yields surging in Japan, Australia, New Zealand, Italy, and the UK. German bond declines were triggered by the nation's plans for defense and infrastructure investments.
3) Monica Defend, Head of Amundi Investment Institute, offers her take on German spending and talks about how tariffs could reshape investing in Europe. European leaders are moving swiftly to mobilize additional defense funds to counter the threat of aggression from Moscow as US support for Ukraine remains highly uncertain.
4) Henrietta Treyz, co-founder at Veda Partners, discusses the Federal budget, tariffs, DOGE, and the 3/14 government funding deadline. House Democrats have signaled they’re wary of voting for a “clean” stopgap bill, given the Trump administration’s blockage of federal funding.
5) Lisa Mateo joins for a look at newspaper headlines making news around the US. She talks about how the 401K has become Americans rainy day fund, the Rock becoming Hollywood's highest paid actor again, and parents in tech telling their kids to pursue the arts instead.

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