Bloomberg Surveillance

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 9th, 2025
Featuring:
1) Nancy Lazar, Chief Global Strategist at Piper Sandler, joins to talk about the lack of job growth in the private sector and whether we could see an economic boom from a tax cut-tariff policy. Investors will parse minutes of the Federal Reserve’s June policy meeting for indications on whether officials are closer to lowering interest rates, with swaps almost fully pricing two quarter-point cuts until the end of the year.
2) Ian Lyngen, Head of US Rates at BMO Capital Markets, talks about the impact of the reflationary narrative on Treasuries. Treasuries are holding their ground following the longest streak of declines since April as investors look ahead to a US debt auction and the minutes from last month’s Federal Reserve meeting.
3) Doug Irwin, Professor of Economics at Dartmouth, joins to discuss the latest developments on President Trump's unfolding tariff strategy. President Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark. The plan, announced in an apparently off-the-cuff comment to reporters, marks the latest twist in a tumultuous period for industrial commodities, as the US leader aims to encourage more mining and smelting at home.
4) Leslie Vinjamuri, President and CEO of the Chicago Council on Global Affairs, joins in her new role to discuss the political and economic priorities of the Trump administration, as well as the admin's global intervention in Iran and Ukraine.
5) Oleksandr Komarov, CEO at Kyivstar, joins to discuss his company's role in Ukraine's recovery and construction as the US recommits to sending weapons amid continued Russian attacks. Russia launched a record number of drones and missiles at Ukraine on Wednesday after US President Trump reiterated his displeasure with Vladimir Putin and confirmed he’s sending more defensive weapons to Kyiv.

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 Ed Yardeni & Brad Case.

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

See omnystudio.com/listener for privacy information.

- Amanda Lynam, Head: Macro Credit Research at BlackRock
- Rob Casey, Partner and Senior Analyst at Signum Global Advisors
- Sarah Bianchi, Senior Managing Director at Evercore ISI
- Cathie Wood, CEO at Ark Investment Management

Amanda Lynam, Head: Macro Credit Research at BlackRock, joins to discuss bond market signals, credit spreads, and what market and economic activity is catching the attention of corporate credit investors. Rob Casey, Partner and Senior Analyst at Signum Global Advisors, discusses President Trump's economic priorities following his tariff deadline adjustment. Sarah Bianchi, Senior Managing Director at Evercore ISI, discusses the goals of President Trump's tariffs as he sends letters to trading partners regarding tariff rates. Cathie Wood, CEO at Ark Investment Management, discusses tech and AI investing as well as the future of Tesla.

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 SweeneyJuly 8th, 2025
Featuring:
1) Ed Yardeni, President at Yardeni Research, joins for an extended discussion about the US equity rally and his updated S&P target amid tariff concerns. Tuesday’s steadiness in stocks reflects traders’ belief in a familiar pattern of US President Donald Trump escalating his trade war only to later de-escalate, betting that any eventual tariffs will be set at a level the global economy can absorb. In the latest round, Trump said he was still open to negotiations and postponed duties of 25% or more on a list for trading partners until at least August 1st.
2) Kelsey Berro, Executive Director: Fixed Income at JPMorgan Asset Management, joins to discuss bond market warnings about the US fiscal situation and offers her market outlook. US stock futures firmed as initial jitters over the Trump administration's latest tariff announcements gave way to optimism that there's ample room for further negotiations. The US economy has held up under the threat of a spiraling global trade war, with hiring healthy and the S&P 500 hitting a record high last week.
3) Ned Lamont, Connecticut Governor (Democrat), offers his reaction to President Trump's tax bill as well as the current state and future of the Democratic party. President Trump secured the passage of his signature tax bill after leveraging his sway over the Republican party to overcome resistance from conservative hardliners and swing-state GOP moderates. Democrats opposed the bill, saying it will strip health care for millions of people who depend on Medicaid to fund tax cuts for the wealthy.
4) Brad Case, Chief Economist at Middleburg Communities, talks about pressures on a frozen housing market, whether the Fed is behind the curve, and the risks of reigniting inflation. The steady flow of tariff threats has fueled uncertainty for markets, central bankers and executives trying to game out the effect on production, inventories, hiring, inflation and consumer demand.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Bloomberg News story on the TSA rolling out new procedures and the Washington Post's piece on Ben's Chili Bowl in Washington DC closing down for repairs.

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 Kathy Bostjancic & Lori Calvasina.

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

See omnystudio.com/listener for privacy information.

- Katy Kaminski, Chief Research Strategist at Alphasimplex
- Kate Kalutkiewiz, Senior Managing Director: Trade Practice at Mclarty Associates
- Dan Ives, Global Head: Technology at Wedbush Securities
- Ben Laidler, Head: Equity Strategy at Bradesco Securities

Katy Kaminski, Chief Research Strategist at Alphasimplex, joins for a discussion on the outlook for equities in the US as President Trump's tariff deadline is set to expire. Kate Kalutkiewiz, Senior Managing Director: Trade Practice at Mclarty Associates, talks about trade negotiations with the US as the July 9 tariff deadline looms. Dan Ives, Global Head: Technology at Wedbush Securities, discusses whether Tesla's stock will continue to fall as President Trump and Elon Musk continue to publicly feud. Ben Laidler, Head: Equity Strategy at Bradesco Securities, talks about his S&P target as investors approach 2025 with cautious optimism.

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 SweeneyJuly 7th, 2025
Featuring:
1) Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses her cautious S&P outlook as political and market uncertainty remain front and center. Stocks retreated at the start of the week as US trading partners rushed to finalize trade deals with the Trump administration ahead of a July 9 tariff deadline.
2) Henrietta Treyz, co-founder at Veda Partners, talks about the focus in Washington shifting from taxes to tariffs. Trade tensions are back in view, with President Trump pledging to start issuing unilateral rates to dozens of countries in the coming days, causing uncertainty in the market.
3) Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, talks airlines and Boeing as summer travel gets into full swing. As areas become overly inhabited by tourists, governments are taking measures like taxation, licensing, and promotion of alternative destinations, but so far, these efforts have had limited success in addressing the issue.
4) Brad Rogoff, Global Head of Research at Barclays, joins to talk bank and lending health ahead of earnings season.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Ketchum, Idaho becoming a pricy mountain town and a Financial Times story on Big Food's bet on America's appetite for snacks.

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 Sarah Wolfe & Rebecca Patterson.

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

See omnystudio.com/listener for privacy information.

- Stephanie Roth, Chief Economist at Wolfe Research
- Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock
- George Saravelos, Global Head: FX Strategy at Deutsche Bank
- Michael Collins, Executive Portfolio Advisor: Multi-Sector at PGIM Fixed Income

George Saravelos, Global Head: FX Strategy at Deutsche Bank, discusses the path of the dollar and if it will continue to weaken. Michael Collins, Executive Portfolio Advisor: Multi-Sector at PGIM Fixed Income, discusses signals from the bond market about the outlook for the US economy. Stephanie Roth, Chief Economist at Wolfe Research and Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock, react to the June jobs report.

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 SweeneyJuly 3rd, 2025
Featuring:
1) Claudia Sahm, Chief Economist at New Century Advisors, brings us into the June jobs report and talks about the health of the labor market. Sarah Wolfe, Senior Economist and Strategist, Thematic & Macro Investing at Morgan Stanley and Kristina Campmany, Senior Portfolio Manager at Invesco, also offer their analysis of the jobs numbers.
2) Patrick McHenry, former House Speaker pro tempore and current Advisory Board Member BGR, joins to discuss President Trump's tax bill debate in the House. Despite Republicans controlling both the US House and Senate, Trump’s signature legislation ran into resistance from cost-conscious conservatives as well as swing-district moderates, who worry the measure cuts too deeply into Medicaid and other safety-net programs.
3) Wendy Schiller, professor at Brown University, on President Trump aiming to push through his economic agenda early in his second term. President Trump repeatedly blasted Republican lawmakers resisting the legislation as “grandstanders” and threatened to oppose reelection of members who block his agenda.
4) Rebecca Patterson, former Chief Investment Strategist at Bridgewater, reacts to the jobs report and markets. Investors are also closely tracking the US fiscal situation as President Trump aims to implement his economic agenda.
5) Yelena Shulyateva, Economist at the Conference Board, on JOLTS, June Jobs report, ADP, and the US economy. Concerns about mounting US deficits and the detail of Trump’s bill may weigh stronger on bond investors’ minds than the jobs report according to some market commentators.

See omnystudio.com/listener for privacy information.