Bloomberg Surveillance

- Chris Wright, US Secretary: Energy
- Tobin Marcus, Head: Policy & Politics at Wolfe Research
- Marissa Adams, Head: Global Trade Solutions at HSBC
- Alejandra Grindal, Chief Economist at Ned Davis Research

Chris Wright, US Secretary: Energy, joins to discuss the outlook for energy and oil following the US' intervention into the Israel-Iran conflict. Tobin Marcus, Head: Policy & Politics at Wolfe Research, discusses the latest on the US tax bill going through Congress. Marissa Adams, Head: Global Trade Solutions at HSBC, on recent US trade negotiations and whether more deals can continue to come through. Alejandra Grindal, Chief Economist at Ned Davis Research, reacts to today's and this week's eco data.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJune 27th, 2025
Featuring:
1) Neil Dutta, Head of US Economic Research at Renaissance Macro, reacts to PCE and breaks down the latest economic data. Stocks gained in early trading as the US moved closer to trade deals with China and other major trading partners, with expectations rising for Federal Reserve interest-rate cuts this year.
2) Monica Guerra, Executive Director and Head of US Policy at Morgan Stanley Wealth Management, talks about her "US Policy Pulse" note on the energy sector and geopolitical dynamics, and can also discuss the tax bill and tariff deadline. China and the US have further confirmed details of a trade framework and the Treasury Department has announced a deal with G-7 allies to exclude US companies from some taxes imposed by other countries in exchange for removing the Section 899 "revenge tax" proposal from President Trump's tax bill.
3) Freya Beamish, Chief Economist at TS Lombard, talks about global bond market signals and US economic resilience. The Stoxx Europe 600 index climbed in early trading after data Friday showed inflation inched up in France and Spain, but not enough to concern European Central Bank officials who are optimistic that their 2% target will be met sustainably this year.
4) James Steel, Chief Commodities Analyst at HSBC, talks about gold hitting record highs and the outlook for gold and other metals.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Bloomberg News story on Target trying to compete with Costco and an FT story on whether K-pop losing steam.

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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 Audrey Childe-Freeman & Tony Crescenzi.

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- Jim Zelter, President at Apollo Global Management
- Mike Schumacher, Head: Rates & Macro Strategy at Wells Fargo
- Lauren Goodwin, Chief Market Strategist at New York Life Investment
- Mary Daly, President of the San Francisco Federal Reserve

Jim Zelter, President at Apollo Global Management, offers his outlook for the markets and US economy amid geopolitical and inflation uncertainty. Mike Schumacher, Head: Rates & Macro Strategy at Wells Fargo, joins to talk about the rate path in the US. Nela Richardson, Chief Economist at ADP, joins to react to jobless claims and a slew of economic data today. Mary Daly, President of the San Francisco Federal Reserve, joins Lisa Abramowicz for a conversation on the US economy and interest rates.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJune 26th, 2025
Featuring:
1) Tony Crescenzi, Executive VP And Market Strategist at PIMCO, talks about portfolio allocation with fixed income and discusses how bonds could react to today's eco data. Treasury yields are declining in the early hours on bets that US interest-rate cuts could come sooner than expected, following a report that President Trump may fast-track his pick for the next Federal Reserve chair.
2) Stephanie Roth, Chief Economist at Wolfe Research, breaks down today's slew of eco data and previews jobs next week. Markets are pricing 63 basis points of easing from the Fed by the end of the year should softening economic data continue to come in, and the S&P 500 is poised to resume its advance toward an all-time high.
3) Randy Schwimmer, Vice Chairman and co-head of Senior Lending at Churchill Asset Management, discusses renewed confidence in private equity and whether there's rising risks in private credit. Fed Chair Jay Powell testified to Congress this week that it has “real, positive attributes,” though this sector has been growing fast and has not been through “a real downturn." In this case, Powell thinks private credit “bears close watching."
4) Angie Gildea, US Energy Leader at KPMG, discusses the outlook for energy and oil prices amid potentially calming geopolitical conflicts. Oil prices steadied after US President Trump reaffirmed his "maximum pressure" campaign on Iran, which includes targeting Tehran's petrodollars.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on whether weighted vests really worth the hypea and Bloomberg's story on Nike's Snoafer shoe listing $500 before it's even released.

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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 Sam Stovall & Alicia Levine.

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- Matthew Hornbach, Global Head: Macro Strategy at Morgan Stanley
- Amrita Sen, Founder and Director of Research at Energy Aspects
- Jon Lieber, Head: Research at Eurasia Group
- Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries

Matthew Hornbach, Global Head: Macro Strategy at Morgan Stanley, joins for a look at inflation and outlook for the US economy. Amrita Sen, Founder and Director of Research at Energy Aspects, talks about the possibility of an oil spike amid uncertainty surrounding the Israel-Iran conflict. Jon Lieber, Head: Research at Eurasia Group, talks about rising geopolitical risks. Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, joins to discuss the outlook for the airline industry amid defense spending changes.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJune 25th, 2025
Featuring:
1) Brian Levitt, Global Market Strategist at Invesco, joins to discuss his outlook for equities and the economy in the second half of 2025. Fed Chair Jay Powell told lawmakers that if inflation pressures remain contained, the Fed will cut rates sooner rather than later, but didn't point to a particular meeting, and markets are telling Powell that he will be lowering rates more quickly than he portrayed.
2) Fred Neuman, Chief Asia Economist at HSBC, joins for a discussion on how an oil spike could lead to an inflation spike, and why the Israel-Iran conflict's impact on oil is crucial to China and Asian economies. It comes as President Trump announced on social media that China can continue to purchase oil from Iran, potentially undermining years of US sanctions on Iran. The announcement surprised oil traders and officials in Trump's own government, and it is unclear how the US Treasury and State Department will interpret and enforce related sanctions.
3) Ali Vaez, Iran Project Director of the Crisis Group's Iran Project, joins to discuss the conflicting views about the whether the US destroyed Iran's nuclear capabilities and whether there is any room for diplomacy in the Israel-Iran conflict. President Trump disputed an intelligence report that found the airstrikes he ordered on Iran had only a limited impact on its nuclear program. The ceasefire between Israel and Iran remains fragile, with a focus on nuclear diplomacy and assessments of how much damage was done to Iran's nuclear program.
4) Alicia Levine, Head of Investment Strategy and Equities at BNY, joins to talk about volatility in equities and offers her S&P target. Traders are shifting their focus to the US economy and how trade risks and fiscal pressures could affect corporate earnings and growth, with a fragile ceasefire between Israel and Iran appearing to hold.

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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 a conversation with Gary Gensler.

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- Torsten Slok, Chief Economist at Apollo Management
- David Deptula, Geopolitical Intelligence Group Member at Academy Securities and retired Lieutenant General
- French Hill, Republican Congressman from Arkansas
- Innes McFee, Chief Global Economist at Oxford Economics

Torsten Slok, Chief Economist at Apollo Management, joins to discuss the potential for a slowing economy in 2025 and possibility of interest rate cuts. David Deptula, Geopolitical Intelligence Group Member at Academy Securities and retired Lieutenant General, discusses the latest on the Israel-Iran conflict. French Hill, Republican Congressman from Arkansas, talks about economic priorities of Congress and how he hopes the Senate will pass the Big Beautiful Bill. Innes McFee, Chief Global Economist at Oxford Economics, talks about the outlook for US and global economies amid changing value in the dollar.

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