Bloomberg Surveillance

- Mark Haefele, Chief Investment Officer at UBS Global Wealth Management
- Monica Guerra, Head of US Policy at Morgan Stanley Wealth Management
- Phil Orlando, SVP and Chief Equity Market Strategist at Federated Hermes
- Bruce Van Saun, CEO at Citizens Financial Group

Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, joins to discuss what kind of response he expects from markets with a US government shutdown deadline less than 24 hours away. Monica Guerra, Head of US Policy at Morgan Stanley Wealth Management, shares her thoughts on the potential risks of a shutdown, including a possible delay to Friday's BLS jobs report. Phil Orlando, SVP and Chief Equity Market Strategist at Federated Hermes, gives his assessment of the outlook for risk assets with stocks on track for five straight months of gains. Bruce Van Saun, CEO at Citizens Financial Group, shares his view on the economy from the perspective of a bank CEO.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 29th, 2025
Featuring:
1) David Seif, Chief Economist for Developed Markets at Nomura, joins to discuss the economic impact of a government shutdown, economic reacceleration, and whether the Fed's easing cycle will be linear. Traders are looking ahead to a series of US labor reports due this week to gauge the Fed's next move, with the release of Friday's key payrolls report in doubt amid a budget impasse in Congress.
2) Monica Guerra, Executive Director and Head of US Policy at Morgan Stanley Wealth Management, on the latest of a looming government shutdown. The US is hurtling toward a government shutdown with Democrats and Republicans seemingly no closer to agreeing on a plan to fund federal operations.
3) Suki Cooper, Global Head: Commodities Research at Standard Chartered Bank, brings us into the market open and talks about gold's record run. Gold's record-breaking rally came to a halt, with spot gold falling 0.9% after touching a new all-time high earlier on Tuesday.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Financial Times story on a record number of M&A deals and Business Insider's report on Bill Nye and brain health.

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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 Lori Calvasina & Jim Caron.

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- Manny Roman, Chief Executive Officer at PIMCO 

- Patrick McHenry, Former Chair of the House Financial Services Committee and Bloomberg Contributor 

- Max Kettner, Chief Multi-Asset Strategist at HSBC 

- Jim Bianco, President and Macro Strategist at Bianco Research 

Manny Roman, Chief Executive Officer at PIMCO, shares his views on investing in the AI infrastructure boom and why the full impact of President Trump’s tariff policies has yet to be seen. Patrick McHenry, Former Chair of the House Financial Services Committee and Bloomberg Contributor, discusses what’s at stake as a government shutdown looms in Washington. Max Kettner, Chief Multi-Asset Strategist at HSBC, joins to discuss the continuing rally in equities as traders await labor-market data this week that could reinforce bets about the Federal Reserve’s path of interest-rate cuts. Jim Bianco, President and Macro Strategist at Bianco Research, gives his outlook for Fed rate policy following last week’s stronger-than-anticipated inflation and jobs data.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 29th, 2025

Featuring:
1) Henrietta Treyz, Co-Founder at Veda Partners, joins to discuss what's at stake as President Trump is set to meet with Democratic leaders at the White House on Monday with the first government shutdown in nearly seven years looming.
2) Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, on what comes next for markets after the Fed's long-anticipated rate cut. Monetary policy easing is thought to be needed to support the labor market, and while true, there is another reason lurking – to avoid the risk and vulnerabilities of a liquidity squeeze.

3) Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, joins with some perspective on risk assets as stocks rose at the start of a week that will be dominated by a series of labor market reports, with traders betting the data will reinforce expectations for US interest rate cuts.
4) Bloomberg's Lisa Mateo joins with the latest headlines in newspapers across the US, including a Wall Street Journal report on how American credit markets may be running too hot.

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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 John Stoltzfus & Katy Kaminski.

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- James Bullard, former St. Louis Fed President and Dean of Purdue Business School
- Thomas Barkin, President of the Federal Reserve Bank of Richmond
- Ryan Wang, US Economist at HSBC 
- Kyriakos Mitsotakis, Prime Minister of Greece

James Bullard, former St. Louis Fed President and Dean of Purdue Business School, joins for analysis of the day's economic data and what it means for the path of monetary policy. Richmond Fed President Thomas Barkin gives his assessment of the current state of the American economy. Ryan Wang, US Economist at HSBC, shares how Friday's PCE print is helping reshape his economic outlook.

Plus - Greek Prime Minister Kyriakos Mitsotakis says there is movement among European Union member states to issue joint debt to support a defense spending boost in the bloc. He speaks with Bloomberg News Editor-in-Chief John Micklethwait in New York as the 80th annual United Nations General Assembly winds down.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 26th, 2025
Featuring:
1) David Bailin, CEO at CIO Capital Partners, Tiffany Wilding, Economist: North America at PIMCO, and Aoifinn Devitt, Senior Investment Strategist at Moneta Group, react to PCE. Investors are pondering the Federal Reserve’s next policy move following a slew of data this week, including strong growth data from the world’s biggest economy.
2) Katy Kaminski, Chief Research Strategist at AlphaSimplex, talks about her outlook for equities, commodities, and other markets. After a $15 trillion rebound in global equities from April’s lows, traders now face a wall of uncertainty as tariff headlines return to unsettle markets and investors fret about inflated valuations for big tech companies. Fed policy, the upcoming earnings season, and the threat of a US government shutdown are also weighing on sentiment.
3) Dan Tannebaum, Partner and Global Anti-Financial Crime Practice Leader at Oliver Wyman, talks Russian incursions into NATO territory and what sanction power the US has to limit the country's aggression. NATO countries have faced a series of violations by Russian jets and drones in recent days, incidents that posed an unprecedented test of the alliance’s credibility just as Moscow is intensifying attacks on Ukraine’s civilian infrastructure as well.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Financial Times story on NBC's digital attack ads on YouTube TV and WSJ's report on AI spending.

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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 Wendy Schiller & Ethan Bronner.

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- Stephen Miran, Member: Federal Reserve Board of Governors 
- Chris Hyzy, Chief Investment Officer at Bank of America 
- Ozan Tarman, Vice Chair: Global Macro at Deutsche Bank AG London 
- Heidi Crebo-Rediker, CEO at International Capital Strategies 

Federal Reserve Governor Stephen Miran joins for an extended discussion on the Fed, the US economic outlook, and rate cuts in 2025 and into next year. Heidi Crebo-Rediker, CEO at International Capital Strategies, talks about headlines from the UN and US politics. Ozan Tarman, Vice Chair: Global Macro at Deutsche Bank AG London, disucsses his global market outlook. Chris Hyzy, Chief Investment Officer at Bank of America, reacts to GDP and all of today’s eco data.

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